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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: SkyDart who wrote (2259)	11/24/1998 11:25:00 PM
From: Dave Triplett	Read Replies (1) \| Respond to of 7382

A broker at Schwab told me flat out that schwab is not set up for daytrading. There slowness is costing me mucho dollar.

To: SkyDart who wrote (2259)	11/24/1998 11:28:00 PM
From: Dave Triplett	Respond to of 7382

Try these: thewebinvestor.com

To: SkyDart who wrote (2259)	11/25/1998 7:06:00 AM
From: funk	Respond to of 7382

Jeffrey, ANYONE have recommendations?? Yes, get a broker appropriate for daytrading. You found the right thread. Check out these two web sites: mbtrading.com phactor.com good luck funk

To: SkyDart who wrote (2259)	11/25/1998 8:44:00 AM
From: Wes Stevens	Respond to of 7382

Schwab has done the same thing to me twice in the last week. It's off to etrade for me.

To: SkyDart who wrote (2259)	11/25/1998 8:38:00 PM
From: tom pope	Read Replies (1) \| Respond to of 7382

Jeffrey - I use Schwab to a certain extent, but they are useless for day trading. Like you I have lost money because of the lost time between seeing the opportunity getting Schwab to execute. The problem is not with their execution - once your order gets thru their labyrinth, you will see your order represented on MASH and you will benefit from MASH's market presence. The problem is with the unacceptable snail's pace from the time you log in to the time your order finally makes to the point of execution. Given the high ticket price, it's incredible that a firm with Schwab's resources can't make the necessary investment in servers to guarantee that an order make to the floor in a maximum of 30 seconds. As it is, it can takes a minute just to get to the order entry screen. Schwab is representative of the type of broker who thinks they can compensate for slow execution by jazzing up their site with free research, first call estimates and promotions like TC2000 free for six months. That's a stupid business model. Information and research are so freely available on the WEB that they're essentially valueless. In the long run Schwab would do a lot better by concentrating on building an efficient execution machine. But then Chuck Schwab is a lot richer than I, so what do I know?

To: SkyDart who wrote (2259)	11/26/1998 7:36:00 PM
From: H-Man	Respond to of 7382

Schwab randomly re-directs orders for manual review. sux, that was most likely the delay. they just shrug their sholders. Also, a short order must be manually reviewed to see if it is available to be borrowed. I guess they have to slide some disks on the abacus when you short a stock. Despite one of the responednts suggestion, these facts make executions at Schwab a problem. When a minute is a lifetime, such ancient practices cannot be tolerated. It is nice to have Mayer & Schwietzer work the order and represent you to the market, you can do the same thing that they would do with a MBT. Another serious problem is the order status/change/cancel screen, their new improved screen has 3x the bits and takes accordingly long to load, often 1-2 minutes on a 56k modem. When it is loading everytining else shuts down. So on a fast moving stock, you could get nailed just waiting for status. What is ironic is that when you sign up they make a point out of the fact that they are set up for the "active trader". lol