Here's the Scottrade restricted list. It seems to be getting longer and longer.
Clearing Restrictions
Scottrade has set restrictions on the following securities due to clearing restrictions:
No Buy/Sell Only No Buy/No Sell
.AFPUN ADGSF#
.AIUN ANVH
.CEUUN ARAH
.CRSUN ASTN
.CVLUN ATROB
.EPUN AVOT
.FCEUN AVPJ
.FYPUN Bad Toys
.IPLUN BCIT#
.LPVUN BGCC
.MKZUN BHUB#
.MMNUN BLKIA
.PUB BRPNF
.TPLUN CBNG
.TRFU CBRP
.TRFUN CBYAA
.WJAA CCMI
ADCS CGAR#
ADSV CITI#
AMHD DBYC
ARIO DGIA
ASFX DTSN#
ATLJ EAGM
BBDA EXTF
BCDN GGTS
BIEL GEQF
BWNR GFTX#
CBGC HHGI
CBCGQ HSXI
CBYI ICTC
CESV IQWB
CLXM JSXG
CMKX* KGLJ
CPRK KSGT
CWIR LGTSW
CWRN LITL
CXAC LKRV
ENCS LYMGF
ERUC MAMG
EVFL MDNO
EWRC MDRG
EXPH MLCO#
FMNJ MNTY
FNXC MODR
FTAR MSRM
GBMS MTPH
GLCC MVIV
GLME NMCX
GMZP NNCP
GRBT NNTH#
GREM NVMG
GSFD PDAE
GTLA REMV
Hansen O RGTN
HCKE SAMCF#
HPNN SAMSF#
HRNF SDISF#
HTDS SEFPP#
ICTY SNTZ
IDCN SSELY#
IDGI SSEMF#
IGNT SSEMY#
IHGP SSGFY#
ILGL SSGQY#
INCL SSNGY#
INOV SSNHY#
ITRO SSNLF#
IVCO SSNNF#
KKUR STRU
LCRE SVAFF
LDSR SZVPF#
LHPT SZVZF#
LLBO TNABY#
LSMJ TRGO
LTDU TQDC
LTOUF UNRMY#
MAEIE WLRE
MCDA WWYWB
MDIN YYLRA
MGLG
MIKP
MOBI
MODC
NBVG
NCVT
NNTH
NWACQ
NXHD
ONCP
ONFI
ORSTF
PCSO
PHLC
PHMB
PKTO
PMCL
POPN
PRMO
PROEQ
RCCH
RMTD
RPDI
RSGR
RSMI
RVGD
SARO
SDVI
SIVC
SKYF
SMWF
SNRS
SOMPF
SPQS
SPZI
STHC
SYNJ
TECA
TGLN
TOFS
TRSI
TYRIA
TSSP
USCI
WHKA
XMDC
ZCNW
No Buy/Sell Only - You cannot place buy orders on this security. Only sell orders can be placed.
No Buy/No Sell - You cannot place either buy or sell orders on this security.
* Symbols appearing in green text are recent additions or changes to the list.
Updated 09/24/09
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MSGI is back up to .20...it can well hit .24 today..![]()
Scottrade is just nuts...LOL
Yesterday for the fun of it I put in a buy order for EVFL and it went through. Today I tried to do it again and it won't go through because of trading restrictions....Somedays it does, somedays it doesn't.![]()
I just tried for 4 million evfl and it told me to call my representative. Usually, they will let you buy if you call them. It is at online prices if you do, but then sometimes they will just tell you, "No".
More along the lines, I was saying 1300 levels only if we break out to new highs... when that will be, I don't know, but it seems to be pushing there. Let me get the spot high... hang on... 1032.58, need to break that.
One of the guys I follow had a case for a cyclical pattern that has a little pullback currently, then the possibility to break in the middle of Oct. But, who knows if it'll actually break, just looking to be ready.
Seems to be capped at the 1000 level pretty well. Anyway, it keeps bumping that level, and at some point the stock market has to take a little breather. If it's bumping up around then, maybe it'll break. Previously there was just the inverted head and shoulders, but now we have multiple patterns, the more the merrier I say, cause if you have more than one, and there is a break, it has a better chance of working out, cause you get multiple sets of pattern players working the same instruments.
I'm just looking to have a minor (like 30% position (again like you, I don't make massive trades)) in now, as long as it keeps near the top range in one of these stocks, but more than willing to get stopped out. Once it breaks, if I can catch it, I'll bump it up more. Then look for a 1000 level retest, then add the final chunk in. Provided my life isn't too crazy at the time... I will be in full blown grant mode.
Here is another nice swing trader that I work with a lot.
WEN for Wendy's / Arby's group. It trades on the NYSE for around the 5 dollar area. It usually moves 5 to 12 cents a day. Today it's down 30 cents. It may be a good buy for a couple day buy and hold swing trade.
Yes, the downside is that you need to have 25K in the account. And I know that's hard to do. It took me years to get there.
But, as long as you don't use Scottrades money and you only use the margin account for trading with your own money, I can't see any downside. The trades are still just 7 bucks and that is very reasonable as far as I'm concerned.