I have made a stupid move from ThinkorSwim to Schwab (StreetSmart)

What’s the solution because the brokers are so fat they don’t care. I put a sell order of 1000 shares of a highly liquid stock using MidPoint. Spread was a penny, stock fell $.20 with the MidPoint filling at the bottom. Is the program broke? Hit the bid instead of trying to fill between a falling stock! Instead of saving, I lost $175! Schwab is horrible but would have filled at $59.695 and not $59.52 using Midpoint!

Edit: $0 commission vs $5 and a $175 loss. It was my fault trying to be thrifty!
 
TimtheEnchanter said:
In the first minute of trading, I get no trade confirmation on the desktop. Never mind the email.
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Most likely its confirming in the first minute or less ; eVen if takes minutes to update in your account.......................................................................Its faster for me to click ''history'' or ''trade'' + ''all orders'' on SCHW. i think i forget to log out once+ computer cuts off auto on time expiry + that SCHW took about an hour next day/to finally get me in/strange:mad::cool::cool::cool::cool::cool::cool:,:caution::caution:
 
I've been with Schwab and Fidelity for about 20 years each now. I've had similar issues....Confirm confirm confirm!! Waiting...Nothing!! But, really these brokers are not there for day trading...It's a side product. Their real products are; retirement, investing, asset management, making money from MMs...Things like that. They are great for hand holding and customer service (which is what I want). You get what you pay for. Hopefully the merger will bring in TOS soon. BUT, they are not IB or Robinhood...Apples and oranges.
 
Cabin111 said:
I've been with Schwab and Fidelity for about 20 years each now. I've had similar issues....Confirm confirm confirm!! Waiting...Nothing!! But, really these brokers are not there for day trading...It's a side product. Their real products are; retirement, investing, asset management, making money from MMs...Things like that. They are great for hand holding and customer service (which is what I want). You get what you pay for. Hopefully the merger will bring in TOS soon. BUT, they are not IB or Robinhood...Apples and oranges.
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I have been robbed probably $75,000 by RH’s stupid platform. Try canceling a market order at the start of Halt. Etrade, Schwab, Fidelity, LS, CP, IB, any my JP Morgans allow cancellations and are quicker than RH for limits. You think RH is as good as IB or LightSpeed or am I miss reading it?
 
TrailerParkTed said:
I have been robbed probably $75,000 by RH’s stupid platform. Try canceling a market order at the start of Halt. Etrade, Schwab, Fidelity, LS, CP, IB, any my JP Morgans allow cancellations and are quicker than RH for limits. You think RH is as good as IB or LightSpeed or am I miss reading it?
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When I say “Robbed” the executions were terrible, unable to put limit orders in fast and the BS of not being able to cancel on a trade halt. Order sat for fifteen minutes while my CS had no clue how to call and get me a “out”.
 
Cabin111 said:
I've been with Schwab and Fidelity for about 20 years each now. I've had similar issues....Confirm confirm confirm!! Waiting...Nothing!! But, really these brokers are not there for day trading...It's a side product. Their real products are; retirement, investing, asset management, making money from MMs...Things like that. They are great for hand holding and customer service (which is what I want). You get what you pay for. Hopefully the merger will bring in TOS soon. BUT, they are not IB or Robinhood...Apples and oranges.
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SCHW has a bank;
IBKR has credit card. Looks like IBKR may pay a bit more than SCHW in '' idle cash interest'' LOL they call it.
SCHW puts a more positive name on it ''cash awaiting investment'' LOL God bless them both
 
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