Issues with Schwab and selling some AMZN

zdreg said:
Amid surging stocks, some online brokers like TD Ameritrade, Charles Schwab and Vanguard are missing out due to the websites going down, CNBC reported.

The highs came from the revelation early Monday (Nov. 9) about a possible COVID-19 vaccine from Pfizer, which that company said had a 90 percent chance of working.

But eBrokers found their websites experiencing technical difficulties, and CNBC reported that it was unclear how many brokers couldn’t access the sites to make trades.

After the announcement about the vaccine, the Dow Jones Industrial Average soared over 800 points higher, or 2.95 percent, hitting what CNBC called an all-time high. Meanwhile, the S&P 500 gained over 1.2 percent.

TD Ameritrade tweeted that there were “login issues” with the apps, while Fidelity tweeted that the high volumes of activity had caused outages, and Vanguard also acknowledged that it had been experiencing difficulties, according to CNBC. Robinhood, despite listing its status as operational on Monday, still had users reporting issues.

This isn’t the first time Robinhood, Fidelity or Schwab have been excluded from big trading days this year. In March, when there was record volatility, those sites had outages that lasted as much as a whole day, prompting outraged tweets from users, CNBC reported.
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"Robinhood, despite listing its status as operational on Monday, still had users reporting issues."
Not only can't they execute properly they can't get their error messages transmitted properly.
 
zdreg said:
"Robinhood, despite listing its status as operational on Monday, still had users reporting issues."
Not only can't they execute properly they can't get their error messages transmitted properly.
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It's what happens when you connect your brokerage business to the Internet backbone with Linksys routers from Wal-Mart, and neglect to upgrade the firmware to the latest release.

But what does RH know? They don't even have a land-line phone. They are allergic to copper. But Schwab should be better than that.
 
freaking stupid Schwab website made me want to throw my phone to the wall many times :) (a stock was moving fast, and you wanted to take profit, but the website kept spinning, it even kicked you out, and asked you to log back in again, and it took forever to log back in (especially in the morning).
 
Not a day trader...Just do my covered calls at Schwab and Fidelity. Walk away for a day or two...A week or two. Owning stocks like Coke and IBM allows me to not hit the ceiling.

I don't mind owning Schwab stock either...

The Charles Schwab Corporation (SCHW)
NYSE - NYSE Delayed Price. Currency in USD
44.96 +3.83 (+9.31%)
 
Cabin111 said:
Not a day trader...Just do my covered calls at Schwab and Fidelity. Walk away for a day or two...A week or two. Owning stocks like Coke and IBM allows me to not hit the ceiling.
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Pretty much what I use Schwab for also, and as a futures backup platform. I have most of our retirement accounts with them.
 
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