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Over-the-counter (OTC) stocks are hot! Maybe you already trade them, or maybe you’re thinking about it … Either way, it’s smart to get a thorough breakdown of the pros and cons of these stocks. Tim Bohen’s here to give you the good, the bad, and the ugly of OTCs. Watch and learn!]
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We can’t talk about OTCs without showing a chart … So tune to see the chart on CBD of Denver Ord Shs (OTCPK: CBDD) and find out what you can learn from it.
Now, let’s start with the downside of OTCs: They’re not as regulated as Nasdaq stocks.
The regulatory oversight is limited. Some of these companies can be years behind on SEC filings. The transparency just isn’t there. The filings can be useless, and too often, the company’s web page doesn’t even work … These companies tend to be a total mess.
That’s why when trading OTCs, you want a smart focus. So if the fundamentals just aren’t dependable, what can you keep an eye on? Liquidity is one factor, but you also need to know more. Tune in to find out…
Another con with OTCs? Most brokers don’t offer OTC trading. And those that do can charge high commissions. If you use a commission-free broker, you won’t find OTCs at all.
With all that said, there are definitely some pros to trading these stocks! The first is even the same as our first con … They’re not as regulated!
OTCs can make HUGE moves because they’re often manipulated and promoted. If you know what to look for and how to ride the momentum, there’s plenty of opportunity.
They can also be great for new traders with small accounts since they’re mostly low-priced stocks.
But always trade safe! Do your research and know what to look for.
And don’t get duped by the chart. It could look just like CBDD’s chart, but if it doesn’t have the volume, it’s more likely to go sideways and fail.
#StockMarket #OTCs #Stocks
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
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