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I have 35 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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  1. #1

    Default Trading platform?

    I requested my funds from scottrade as I had a 1200 gain yesterday but a realized gain of 393.93. today I cashed out with a nice morning gain of 940ish with a real gain of -27.00. Technical says I'm logging out after the trades but the screeners and little bells and whistles are constantly active. place a trade and it doesn't get executed for over 4 minutes (thus the losses). Tech says to me "whattya want me to do about it?" I have the screen as a jpeg he tells me it's not going to do a thing.

    Now I wait for settlement and need to find a new broker so I'm out of the game at least a week! I am so happy I could tear off heads and ... well I'm very very unhappy.

    Sorry I have NOTHING to do now for a long time and had to vent a bit. Looking at the scottrade elite I could have made another 500 but that would be what, another negative in my account?

    What other platforms are decent with good execution?

  2. #2
    Join Date
    Dec 2004
    Posts
    6,314

    Default

    i like options express and have been with them for several years now. their tech stuff is more than adequate and their realtime quotes are excellent and never down. everyone who has an account with them regardless of size has all of this stuff. You could open an account with $100 and get the entire online realtime trading platform and everything else. i trade a decent amount and the trades are always executed within seconds.
    If your account is going to be under 25000 there will be "pattern daytrader restrictions" regarding the money in the acct clearing to cover trades before it has cleared plus margin requirements.
    many here would say try InterActive Brokers. I've heard they are good by a few people. I have my own reasons for being with options express. over hundreds/thousands of trades i have never had a problem in any fashion with them and never a problem with any of my money.
    THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

  3. #3
    Join Date
    Nov 2003
    Location
    ohio
    Posts
    8,956

    Default

    Clarkston,

    I had the same problens with them a few years ago and dropped them. I'm told they've corrected those "delayed execution" troubles. Your story confirms my distrust.

    --------------billyjoe

  4. #4

    Default

    Thanks skiracer!

    After looking at a lot of brokers I decided to try options express. All I want is a margin and to be able to short stocks. When I press sell it means SELL!

    A few times I had lags of execution but contributed it to this machine or my other machine, even seen it on my laptop. Today I have time stamps proving it is on scottrades end. Any money lost due to their system is inexcusable.

    google: scottrade sucks

  5. #5
    Join Date
    Dec 2004
    Posts
    6,314

    Default

    Quote Originally Posted by Clarkstondude View Post
    Thanks skiracer!

    After looking at a lot of brokers I decided to try options express. All I want is a margin and to be able to short stocks. When I press sell it means SELL!

    A few times I had lags of execution but contributed it to this machine or my other machine, even seen it on my laptop. Today I have time stamps proving it is on scottrades end. Any money lost due to their system is inexcusable.

    google: scottrade sucks
    you need a min of 2000 in your account with them for margin. put up 2000 and trade 4000. the margin interest is so minimal that I don't even know what they charge me or how much it comes to. I never even look at it. concentrate on finding winners and the rest of it takes care of itself. you're going to be happy with them and never have any problems. trades are executed within seconds.
    THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

  6. #6

  7. #7
    Join Date
    Nov 2003
    Location
    SacTown
    Posts
    14,938

    Default

    Quote Originally Posted by Clarkstondude View Post
    You can expect delayed trades on many ETF's a lot more often than on regular stocks....I attribute it to being on the Amex
    "Trade What Is Happening...Not What You Think Is Gonna Happen"

    Find Tomorrow's Winners At SharpTraders.com

    Follow Me On Twitter

  8. #8

    Default

    maybe being bought by the NYSE will help, some of my ETF's move real fast like DXD, lost a whole bunch when the trade hung over 5 minutes. A couple days ago it seemed to be instant. My aapl short hung just under 6 minutes too so I don't think it was just the ETF's.
    Quote Originally Posted by IIC View Post
    You can expect delayed trades on many ETF's a lot more often than on regular stocks....I attribute it to being on the Amex

  9. #9
    Join Date
    Nov 2003
    Location
    SacTown
    Posts
    14,938

    Default

    Quote Originally Posted by Clarkstondude View Post
    maybe being bought by the NYSE will help, some of my ETF's move real fast like DXD, lost a whole bunch when the trade hung over 5 minutes. A couple days ago it seemed to be instant. My aapl short hung just under 6 minutes too so I don't think it was just the ETF's.

    Don't know what happened w/ AAPL...But the ETF's are notorious for late fills...and even fills that you don't even know filled until you either try to cancel the order and can't or you check back later...One time I went to bed thinking a sell on QID had not filled...Next morning I see that I don't own it.

    I missed QID and QLD 1x each today and I saw trades under my limits...Bunch a crooks.

    Here is an interesting article posted at another forum:

    http://www.forbes.com/2008/02/06/cro...?feed=rss_news
    "Trade What Is Happening...Not What You Think Is Gonna Happen"

    Find Tomorrow's Winners At SharpTraders.com

    Follow Me On Twitter

  10. #10

    Default WoW!

    This would explain why I forgot how to trade conventionally...

    "More and more of the world's trading is done by spraying dark orders across multiple destinations using deliberately complicated patterns and algorithmic models that can't be discovered or duplicated. No one knows who's doing what to whom anymore," Mathisson explains. Nasdaq has morphed into the best market to hide information about buying and selling. It is the largest arena for anonymity, traders claim.

    Quote Originally Posted by IIC View Post
    Don't know what happened w/ AAPL...But the ETF's are notorious for late fills...and even fills that you don't even know filled until you either try to cancel the order and can't or you check back later...One time I went to bed thinking a sell on QID had not filled...Next morning I see that I don't own it.

    I missed QID and QLD 1x each today and I saw trades under my limits...Bunch a crooks.

    Here is an interesting article posted at another forum:

    http://www.forbes.com/2008/02/06/cro...?feed=rss_news

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