LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: Judy who wrote (6245)	1/13/1999 11:42:00 AM
From: tom pope	Read Replies (2) of 43080

>>kiri, I am really in a very bad mood about this Schwab fiasco<< I'm probably going to get justifiably flamed for egregiously giving unasked for advice... There are a lot of talented and active traders on this thread, yet a large number still seem to be using the non-Level II (for want of a better description) brokers like Schwab. I have an account with Schwab, and I like the convenience of having a branch near where I live, the checking account, etc. But I use the account for position, not day trading. I did three trades with MBTrading today, (a couple of which I wish I hadn't done, but that's another story) and the longest wait for the order to appear on the level II screen was 5 seconds. Like somebody once said last year on the AT APM thread about Schwab, this isn't electronic trading, it's electronic suicide.

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