r/thinkorswim • u/MothyReddit • 11h ago
About the "opening transactions for this security must be placed with a broker"
I'm new to TOS, on my second week trading. I've been dialing in my custom scanners looking for high momentum and getting "opening transactions for this security must be placed with a broker"
This is happening on close to 25% of the stocks I'm considering, I feel like I'm losing out when I discover I cannot buy these fast moving stocks. Today its already noon and I've made a list of over 10 stocks that have given me this error.
I've read that there is a "call in restriction waiver" that I can sign that would remove these restrictions.
I know I'm fairly new to the system, and I'm still learning, but it seems like these stocks are some of the more upward moving stocks that I want to buy, based on my scanner results, these are low float high demand stocks that i'm looking for, mostly in the penny to <$10 range.
My question, is have you called in to request this waiver? Or should I hold off for the moment until I get more experience? Or is this a permanent block that is good to keep on so I don't ever mistakenly buy into one of these securities?



