Anyone using Scottrade?

me an idiot???????????
well yes i am-at least i am brave enough to admit it
i admit the error of my ways-arrogance in believing in ones choices and not having a good trading strategy because i was a newbie completely to the trading scene(teach me to fish,i dont want your free fish)=a fool and his money are soon parted
I ADMIT IT I SCREWED UP
and yes the platform(BROKER) is partly resonsible because of what the do with frontrunning a stock and what not-do not give me anymore shit,at least i man up and say when i am wrong and screwed up which is 90% DIFFERENT FROM OTHERS SELF PROMOTION ON THIS SITE-i am watching and learning-gimme a break dont be such a a$$hole
 
It sounds like you should be blaming yourself instead.

I've been trading with Elite platform, and have been doing well.

Yes, they do play "games" and I noticed that on several occasions because they route their orders to their preferred MMs.

However, these "games" become routine, and you can easily take advantage of these "tricks" to make more money if you think about it a little.

Instead of complaining, think about how you can make money. Maybe that will help you do better.



Quote from hottpotat0:

i lost 30k this year using their platform they are not direct access they route all their orders thru their order desk computer-saw many times my order never hitting the trading floor-instead was filled in house or by one of their buddies who they have working arrangements with-they are owned by KNIGHT trading-conflict of interest? they front run their ordres all the time to make extra cash-they are so rich they are a private company that is starting their own bank as we speak-they have gotten bloody rich off of retail traders and the subrosa relationship with their market maker buddies-its all rigged-they will go long if you go short and short if you go long i saw shadowing of my order in the aftermarket several times-they have auto tracing robot programs that keep track of your orders and odds of success or failure and bet against you in order to get your money from you as fast as they can-i am not the only one out there this has happened to-thousands of folks fleeced by the market makers-how many times have you jumped into a trend and seen it reverse the second you enter the market- it is too convienent-the market makers can see you coming miles away-cannot sell short in the aftermarket-15 minute rule-crappy stops trailing stops no anonymity with the market-etc etc
they are crooks!!!!!!!!!!!!!!!!!!!!!
cyber trader pro was the way to go but retail was getting to froggy so schwab bought the rights this year and took control of the loose cannons in the retail market
scottrade you never have a chance if you are a daytrader on margin-they will screw you everyway they can!!!!!!!!
pretty platform though
More...
 
Quote from sunggong:

It sounds like you should be blaming yourself instead.

I've been trading with Elite platform, and have been doing well.

Yes, they do play "games" and I noticed that on several occasions because they route their orders to their preferred MMs.

However, these "games" become routine, and you can easily take advantage of these "tricks" to make more money if you think about it a little.

Instead of complaining, think about how you can make money. Maybe that will help you do better.
More...

Thanks sung, you saved me a response to that dribble.
 
me an idiot???????????
well yes i am-at least i am brave enough to admit it
i admit the error of my ways-arrogance in believing in ones choices and not having a good trading strategy because i was a newbie completely to the trading scene(teach me to fish,i dont want your free fish)=a fool and his money are soon parted
I ADMIT IT I SCREWED UP--------------------------------------------------------------------------------------
was this not good enough for you trading gods???????????
how many people will admit to being idiotic-and no i do still have not figured out how to beat their game especially the market makers-yes bad pick NFI but MM pumped it several times to catch retail longs-never experienced this no books or people talking MM strategies-so i am learning gimme a break
and no i do not know how to beat scottrade at their game
forgive me
 
most stocks i have traded the volume dictated the action and being able to hide retail longs-if you look at the order-bid /ask scottrade scottrade displays a turqoise color for retail orders -you tell me the MM dont know who is buying or selling and if they are institutional or not?
hard to beat them with elite
 
Quote from hottpotat0:

i lost 30k this year using their platform they are not direct access they route all their orders thru their order desk computer-saw many times my order never hitting the trading floor-instead was filled in house or by one of their buddies who they have working arrangements with-they are owned by KNIGHT trading-conflict of interest? they front run their ordres all the time to make extra cash-they are so rich they are a private company that is starting their own bank as we speak-they have gotten bloody rich off of retail traders and the subrosa relationship with their market maker buddies-its all rigged-they will go long if you go short and short if you go long i saw shadowing of my order in the aftermarket several times-they have auto tracing robot programs that keep track of your orders and odds of success or failure and bet against you in order to get your money from you as fast as they can-i am not the only one out there this has happened to-thousands of folks fleeced by the market makers-how many times have you jumped into a trend and seen it reverse the second you enter the market- it is too convienent-the market makers can see you coming miles away-cannot sell short in the aftermarket-15 minute rule-crappy stops trailing stops no anonymity with the market-etc etc
they are crooks!!!!!!!!!!!!!!!!!!!!!
cyber trader pro was the way to go but retail was getting to froggy so schwab bought the rights this year and took control of the loose cannons in the retail market
scottrade you never have a chance if you are a daytrader on margin-they will screw you everyway they can!!!!!!!!
pretty platform though
More...

Don't be too hard on yourself, everybody has a learning experience full of mistakes. We often walked into traps while we were learning to trade. As if our own mistakes are not enough, these brokers like Scottrade is setting up extra obstacles for new traders. Shame on them!
 
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