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Non-Tech : Online Trading -- Ignore unavailable to you. Want to Upgrade?

To: raymond marcotte who wrote (3)	4/22/1998 3:56:00 PM
From: Greta Mc	Read Replies (1) \| Respond to of 49

I have Ameritrade, but I find it can take hours for trades to show as filled: --Yesterday placed buy order at 10:30. At 4:30 order status was cancelled due to expiration or something like that. Today the stock is in my account. If I had known I had it, I would have sold it yesterday. the stock is now down 6 from where I bought it. --Today 2 orders placed at 10:30 are showing as open, 2 orders placed at 11:00 are showing as open, 2 orders placed at 2:50 are showing as open. I'm sure they've been filled--that's how it works with them. Now that I've complained, I will say that yesterday, I was able to get quite a few trades in and actually did some quick in and out trading. In general, I've noticed that it takes 2-3 hours to be notified of a trade. I like to do a lot of buying and selling and that is not acceptable to me. i really hope people honestly discuss their online services, because I'd like to change firms. Oh yuk, there's an Ameritrade commercial on now. They're talking about fast and accurate trades. They are not fast enough for me Now I want to quickly check to see if any of the orders went through. Greta

To: raymond marcotte who wrote (3)	4/29/1998 9:51:00 AM
From: Dave Block	Read Replies (1) \| Respond to of 49

How is the software?

To: raymond marcotte who wrote (3)	4/29/1998 10:02:00 AM
From: Dave Block	Read Replies (3) \| Respond to of 49

You are getting screwed by ameritrade. They sell their orderflow that is why it is so cheap. Meaning they charge you $8 and they pass your order to a market maker who will NEVER give you better than the offer or the bid. They pocket the spread. For example if you buy a 1000shrs of a stock, the spread is 1/2 point you get filled at the offer the MM who picked it up 1/8 below that makes $125 for YOUR ORDER. So wouldn't it be better to spend $40 on the trade to get the better price. Your the customer you deserve the BEST possible fill. By the way this is not against the law. Also ask your brokerage house what happens to your order they can't lie to you.