FredBloggs
Guest
trading should be simple - as simple as possible.
having 2 buttons to buy and sell is crazy. i too see little benefit. to be honest, these reasons don bright points out go over my head. i dont think these issues will interest the casual retail trader that amtd targets.
my honest opinion (call me a conspiracy nut...) is that it is just a deliberate attempt to make noobies screw up costing them another commission. thats how the industry works - screwing you out of money at every twist and turn.
when i was a noob and traded stocks, i had a datek account. datek were great. then ameritrade took over and the proverbial hit the fan. all of a sudden i started noticing slippage of 2c on EVERY trade, but only when i was covering. this was a pattern too coincidental to be random, as the slippage was ALWAYS 2c no matter what the stock, or what price it traded at.
when i went to close the account to move elsewhere ameritrade would not give me my money. they kept 'accidently' screwing up, like only wiring $10 or $100 etc. each time hitting me with a fee (peanuts - but its the principal). eventually my new broker offered to step in. they said they were screwing with me and they would sort it cos amtd wouldnt dare screw with another broker who knew what they were doing.
to cut a longer story short, ameritrade wouldnt wire all the money, they left like 40c in the account. i figure this was because they wanted accounts to still exist for accounting purposes - make the company look bigger with a load of dormant accounts (they are still accounts). again, its not the money, its the principal. I WANTED THAT ACCOUNT CLOSED. I WANTED NOTHING MORE TO DO WITH THIS BUNCH OF SHYSTERS.
i wouldnt touch these clowns with a 6 foot pole. stay away.
having 2 buttons to buy and sell is crazy. i too see little benefit. to be honest, these reasons don bright points out go over my head. i dont think these issues will interest the casual retail trader that amtd targets.
my honest opinion (call me a conspiracy nut...) is that it is just a deliberate attempt to make noobies screw up costing them another commission. thats how the industry works - screwing you out of money at every twist and turn.
when i was a noob and traded stocks, i had a datek account. datek were great. then ameritrade took over and the proverbial hit the fan. all of a sudden i started noticing slippage of 2c on EVERY trade, but only when i was covering. this was a pattern too coincidental to be random, as the slippage was ALWAYS 2c no matter what the stock, or what price it traded at.
when i went to close the account to move elsewhere ameritrade would not give me my money. they kept 'accidently' screwing up, like only wiring $10 or $100 etc. each time hitting me with a fee (peanuts - but its the principal). eventually my new broker offered to step in. they said they were screwing with me and they would sort it cos amtd wouldnt dare screw with another broker who knew what they were doing.
to cut a longer story short, ameritrade wouldnt wire all the money, they left like 40c in the account. i figure this was because they wanted accounts to still exist for accounting purposes - make the company look bigger with a load of dormant accounts (they are still accounts). again, its not the money, its the principal. I WANTED THAT ACCOUNT CLOSED. I WANTED NOTHING MORE TO DO WITH THIS BUNCH OF SHYSTERS.
i wouldnt touch these clowns with a 6 foot pole. stay away.
