did I get screwed?

Basically don't trade with Ameritrade . You will get F'ed up big time . Just stop trading and move all your money somewhere else ..

See

http://stockmarketloss.wordpress.com

http://dearameritrade.wordpress.com/streamer-issues-plus/

http://Cheatedinvestors.com

http://www.liv-n-letliv.net/TDAmeritrade.html


There is more but look at all the lawsuits on the postings at http://stockmarketloss.wordpress.com and tell me if you see a pattern

There is a serious problem with command center and TD Ameritrade policies and practices but most people don't realize it and they don't know that a lot of people are losing their life savings very often . Anything is possible with TD Ameritrade . Consider this a warning from above !
 
Quote from forsalenyc:

screwed? hardly. just the way things work these days......to make you feel better, this happens to me 50 times a day....
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:p

same here...imo it's doesn't really matter who your broker is, you will be f**d at exit or entry anyway..just a matter of by how much.
there is absolutely no liquidity on US stocks today. most of the trades you see-they just like what you described..there is no real buyers\sellers anymore. i'm having a problem unloading extremely small lots 100-500 shares..and i post only a portion of real size.."they" will show you a fucking circus de soleil ,once you(the real buyer\seller) step in..you trying to sell 15K shares at bid,when 15K is displayed?be happy,if you will be able to sell 30% of that..the rest will disappear right after you press your sell button. same shit every minute,every day..
 
Quote from doublet83:

So today, I need to sell my 35k position in COCO at the close. I see using ameritrade's quotescope that there are around 30k shares of COCO at the bid at 4.92. So I put in a limit order to sell 15k shares at the bid. I see all this volume take place at 4.92 ahead of me, and only 5k of my order gets filled. The stock then moves to a 4.90/4.91 bid ask, and I'm forced to sell the rest of my position at 4.90. Does anyone have a good idea of what happened here?
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Ameritrade is not a Direct Access broker.
You were trading against your customer service - that's it.

You should place multiple orders, smaller size.
Yes, you got screwed.
Quit ameritrade.
 
I have never used brokers etc as I trade prop but I have a question for you.... did you use the "smart route" key? (I'm assuming that they give you the option of this route.)

I only ask this as I normally use a limit order on ASUROUX as my aggressive buy/sell... this hits EDGA, EDGX and then market. This route is really fast although costly as you get routed to the moon and back. The thing is that you almost always get your fills.

Sometimes though I use our "smart route" to reduce fees, this hits free stuff and then a range of dark pool & liquidity providers and then it becomes a market order to the limit price. This can be cheaper and can even get price improvement.... however when I have tried it with size on thinner stocks I get like 800 shares and the whole level goes through even though there is 20K+ on the level. In an extreme example I tried to hit XLF for a 10k position... this is a tiny size for this stock as it does 40-60m a day... however when I used the "smart route" I didn't get a single share and the level went through.

The reason I think this happens is that algo HFT's use activity in dark pools for clues to the orders coming in. Since my "smart" order tests these pools before hitting the market it tips off the algo's & HFT's just before my order hits the market and they pull their bids or hit the bid with their own orders. I could be completely wrong but this is my suspicion. The levels below normally go pretty quickly as well.

Sometimes I like to save a little on fees however when it involves missing the entire level I prefer to use the faster more reliable route...

hope this info helps you
 
Quote from unclebond555:

...

There is more but look at all the lawsuits on the postings at http://stockmarketloss.wordpress.com and tell me if you see a pattern

There is a serious problem with command center and TD Ameritrade policies and practices but most people don't realize it and they don't know that a lot of people are losing their life savings very often . Anything is possible with TD Ameritrade . Consider this a warning from above !
More...

"but she stuck to her argument that they don’t guarantee their software will work all the time just like the client agreement says"

yep my account got smashed by fake quote problem too and I got exactly the same answer as above just need to substitute the name TDA with MyTrack.
 
Quote from nkhoi:

"but she stuck to her argument that they don’t guarantee their software will work all the time just like the client agreement says"

yep my account got smashed by fake quote problem too and I got exactly the same answer as above just need to substitute the name TDA with MyTrack.
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yep....suing any firm won't do shit either..impossible for retail guy to win the case...cause when you sign their agreement all that shit is in it..basically it's says-it's all going to be your fault and we (the broker) won't guarantee anything..they mean it..anything..the quotes can be off by 10-50%..so what? it's in agreement of ANY firm..direct access or not..
for those who suggest direct access i would recommend to read their agreement(IB for example)..good luck to win by pushing your "rights" after signing this one..

http://www.interactivebrokers.com/en/p.php?f=legalDocs&ib_entity=llc
 
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