Quote from the_domino:
musicman,
This is off topic but since you have experience with Schwab, did you use the T&S window to trade? Any problems with duplicate block shares printed? Thanks.
Quote from dealmaker:
Its HFTs posting orders but not really executing eg yesterday in preferred stock FNFG.PRB bid price changed 6k times from $29.45 to $29.62 for 12 minutes without a single execution. Its HFTs penny jumping.
Quote from musicman:
I donât agree â IB after hours orders are instant â these bozos at Schwab should not advertise after hours trading when you canât get anything executed correctly . Bottom line is Schwab sucks for trading .
I could not even get the after hours route until 4:05 , I tried to route via ARCA and NSda but it would not work â probably because they went in as day orders. Then at 4:05 I was able to route what Schwabb calls â Schwab after hours â
Quote from Landis82:
Schwab "After-Hours" order routing does not begin until 4:15PM
You can submit your order starting at 4:05PM, but it won't get executed until 4:15PM
http://help.streetsmart.schwab.com/Com/3.36/Content/Extended_Hours_Trading.htm
http://help.streetsmart.schwab.com/Com/3.36/Content/Direct_Access_Order_Routing.htm
ARCA and NASDAQ order routing is available though.
Quote from musicman:
I did route via Acra to start. Bottom line - Schwab sucks . Never again will I trade anything with them other then long term or swing trades. After hours starts at 4 Pm - Schwab wont execite until 4:15 - WTF kind of BS is that .
Quote from musicman:
I do not use Schwab as my Day Trading Broker â I use IB for that task. Today I decided to place a trade on ZNGA in my Schwab account with the intention to sell on any pop after the earnings release. Normally I just do this with IB and never have any issues.
In the aftermarket I could not get the trade to execute for almost 10 minutes as it sat there even when my price to sell was below the best Bid. I would cancel and re submit â same thing it just sat. It finally went off at $2.91. I called Schwab while the trade was active and they told me it was sitting out there and then they gave some BS excuse about pre and after market trading. My response was that I have been day trading for 14 years and know very well how the pre and after markets work.
Last year I had the same issue, but that was because my settings in the Schwab trading Platform were set up wrong.
They are good for swing and long term trading but for Day Trading and especially after hours trading run donât walk away from them.