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To: PMS Witch who wrote (2308)2/24/1999 11:49:00 AM
From: Gary M. Reed  Respond to of 17683
 
Yep, back up now. The scary part was that I had a market order in right after the open and had no idea where (or if) I was filled. Even after the system came up, I was showing an open order and called Schwab on the phone and they couldn't tell me where I got filled. Which is a bit unsettling having a market order open for an hour and a half. To my benefit, when I finally got the fill report, I got a better fill than I had expected.

To put this into the context of this thread, instead of CNBC constantly poo-pooing daytraders as some sort of idiots, they'd be better off pointing out to novice daytraders and future daytraders that one of the things you need is more than one brokerage account. I use LiveTrade.com as my primary account, so Schwab being down didn't kill me, but if Schwab went down and that was my only trading venue, I would be seriously screwed. BTW, any prospective daytraders who are interested, I highly recommend LiveTrade. Have only been with them for a month now, but the service (knock on wood) has been flawless so far and you get live dynamic Level II for free if you do 50 trades per month. And the trade reports are top notch--I have never seen anything better.

Gary