Wayne,
You missed my point. Yes, I placed a mkt order because I wanted out on the open. My point is, that anytime Schwab takes 20-30 minutes to give you a fill report (and it happens often) on a market order, they always come back with you being filled at the worst price during the 20-30 minutes you are waiting for a fill. Granted, if I place a market order, I risk getting a bad fill; however, when I place a market order, I expect to get a report back within 3 minutes. When it takes 20-30 minutes to get a report on a mkt order, and then they always come back with the worst price, it makes you wonder.
Backing this up, I had time and sales data which backed up my claim that I did not get filled at the lower price, but their customer support people refused to give in and I am too lazy to file a complaint. Instead, I'm just transferring out to LiveTrade.
Again, timely fill reports on their part would negate any chance of funny business going on with the fills. Again, my point is that 25 minutes to report a market order is ridiculous and it is insulting when their rep was on Squawk this morning saying that their service was great and they had no complaints. |
