The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (10688)	1/30/1999 3:49:00 PM
From: Sure Thing	Read Replies (2) of 90042

Tim, "Which broker do you use." It's time for me to come clean! I use a discount broker. I have traded with Schwab for 10 years. Started trading electronically when they drop their rates to $30 per 1000 shares. "Are you happy with them." I'm luke warm about Schwab. The Schwab 500 team really tries to keep me happy, but the electronic trading can be too slow on busy market days. Also, their worthless software engineers keep installing new year 2000 code that crashes their entire trading system! What a pain!!! Schwab's reliability has decreased in the last 12 months. "How fast are your fills" Depends on the stupid software upgrades and high volume market days. Under normal conditions they fill within 60 seconds. But, I've had to wait half a day before they could tell me if my order was executed. "Are you getting alot of down time on busy days" Yes! But those are the days I call in the order to the Schwab 500 team. "About how many trades do you do a week" If you count my block trades that are divided between accounts, then it can range between 0 and 75 per week. "Where do I get real time quotes" I use Schwab's "watch list". "Where do I get real time charts" I don't have access to real time charts! Sure would like to have it with my new ADSL connection. "Why don't I switch to A.B. Watley" Because it would be a big pain in the ass to switch 15 accounts that I currently manage with Schwab. "Do I use Level 2" Not yet, but I have plans to hook up soon. "Am I looking forward to your web site" Yes. - Sure Thing -

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