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3 Million share trade After hours at $55.51. Thoughts?
So they forced you over to Schwab's outdated platform and took away your L2? I argued with them many times to just keep TDA platform but they are too greedy and don't want the added expense of running 2 platforms. Plus they said they have StreetSmartEdge platform I can learn and use, but then they said they will dissolve SME when Think or Swim gets transferred so they leave customers on the run with changing platforms....What a mess!
Schb told me they would phase in L2 later this year. Not sure how true they are but that’s what they told me. They’re definitely not as good as Ameritrade. schb app is terrible.
So I have to gradually phaseout from Schwab!
Start nagging this morning;)
Etrade is the best out there now that TDA is being dissolved, but no one accepts otc transfers except for Wilson-Davis and they have a $35 trade commission plus 4%, so I'll probably have to sell most my positions and only transfer my CE and EM tickers....you should call Schwab and ask them WTF where they thinking???
Thinking of transfer to E*trade if possible.
I called them at least 6 times about this outdated BS, they said I would have to call to place an order and then it's up to the rep if additional $25 fee will apply....You should call to complain but be nice and don't cuss as they may decide to close your account like they are doing to me
Trading less than 1M shares on each order doesn’t work for Penny stock. Any solution for this except phone call?
What we are upset about is that we were promised same or better level of service after the move from TDA to SCHW. That was a lie and SCHW should be held accountable.
Isn't Level 2 on the Schwab Street Smart Edge tool 'SYMBOL HUB'? You would have to launch it.
Yes, Total BS Website. Not for trading penny stocks. No Level 2 info.
I am still using TD for reference, still sort of works 100Xs better than Schwab
Lots od negative posts about evil Schwab TDA takeover, Schwab is closing my account because I complained too much about the lack of tools on schwab platform, I will forever be posting about this evil BS from schwab!
We traders need to send Schwab a message they can't control us like puppets with our trading platforms...I plan to post negative reviews the rest of my life, I will be taking Schwab to arbitration if they sell my OTC stocks, and I'll be the one calling in to talk shows like Cramer's Mad Money and Fast Money to let the public know that Schwab is a mess and should be boycotted!
Re: Schwab for long term investors..........................
I have a lot of tools in my garage. Some of them date all the way back to my great grandfather. Some are clumsy and some are handy. Some are specific to certain chores while others are more generic.
I've used and enjoyed both TD Ameritrade as well as the Schwab portal. For my way of investing and trading both work equally well. I don't use any of their 'great features' as my investing methods don't require them nor do I see any benefit for me.
I used to own Ameritrade's stock and profitably traded around my core holding until they were merged into Schwab. Now I own SCHW and profitably trade it around my core holding. So, while I understand the frustration of being forced to use a new brokerage service, I can't see that bashing Schwab is accomplishing very much.
I suggest finding the right tool for the work you do. Schwab is a fine tool for those of us who trade and invest for longer than a single heart beat. It's rare that I don't hold a stock at least 3 to 5 years. Many I've held for decades. I've never looked at SCHW's portal to trade short term, so don't know if there are proper channels for that sort of thing. If not, then there must be other tools out there for that type of activity.
Best wishes,
OAG Tom
Other than the amount of volume there are no other indicators for the charts. It's like this thing was designed in the early 90's.
Yeah. Same here. Was expecting more.
I think they’re moving Think or Swim over later in the year lol. Who can wait for that.
Thanks Lime Time!
Best of luck and good trading:)
Yeah. Same here. Was expecting more.
I think they’re moving Think or Swim over later in the year lol. Who can wait for that.
Thanks Lime Time!
Best of luck and good trading:)
It only took 20 minutes to make my decision that this app doesn't fit my trading style. It was told that the move would have the same service level or better. No L2? What is wrong with the programmers? It's like hiring a plumber to install your garage doors. I'm slowly moving my money out of this garbage and will find something else. Not sure yet what to change to, but I'll be doing some research.
Agree Lime Time!! Miss TD level 2 today so bad.
Kept looking for real time quotes on this Schwab app. I don’t think there is one! How could they switch us to this. Frustrating.
How can you trade without level 2. Don’t like the app at all. All over the place.
Let me know if you find a good level 2. Was thinking of switching to ETrade.
Appreciate it. Glad I’m not the only one disappointed so far.
AGREE I HAD BOTH
CHARLES SUCKS
BUT HAS FEWER OUTAGES
BOTH CUSTOMER SERVICES SUCK
ETRADE BETTER CHOICE
I just got switched over from TDAMERITRADE to SCHWAB. The charts, tools, and graphics at Schwab are horrible compared to TDA. What is this StreetSmartEdge and where do I find it on the Schwab site ?
$68-$75 by years end.
The best trading app is Webull
This SCHW app is terrible. It feels like navigating through a maze and hitting a dead end everywhere. I can't even see L2. How could these people suck so bad at what they do? What other trading apps can anyone recommend. Eturd sucks. IBKG nah. The TDA app was the best out there. Stupid not to keep it.
Schwab's trading platform StreetSmart Edge is down so far this morning for me. Anyone else?
$SCHW
Charles Schwab, Snagged Into Banking Mess, Could Be a Bargain
https://realmoney.thestreet.com/investing/stocks/charles-schwab-snagged-into-banking-mess-could-be-bargain-16118174
Despite Massive Unrealized Bond Losses, Here Are 2 Reasons I'm Far Less Worried About Charles Schwab
https://www.fool.com/investing/2023/03/16/despite-massive-unrealized-bond-losses-here-are-2/
I'll let 10% of my position go when the price/share hits $61+.
Best wishes,
OAG
Schwab may be in trouble here imo, read article: https://www.dallasnews.com/business/personal-finance/2023/03/28/charles-schwabs-growing-paper-losses-raise-questions-for-investors/
When I called a month ago several times Schwab said StreetSmartEdge will be going away, a few times they said it will stay and I asked them to please check with a supervisor and then they all come back to say SSE is going to be retired along with TDA standard platform and the name TDA. Why does Schwab play cat and mouse with the platforms and their clients using them? They should keep all the platforms for more choices...I feel sorry for the peeps using SSE as they are forced out to learn Think or Swim which is highly technical and hard to learn for me, I only use it for L2 quotes. I hope Scwab stock tanks!
Read the complaints!
https://topratedfirms.com/brokers/customer/charles-schwab-review.aspx
Talked to a Schwab rep a few weeks ago. He indicated that by end of year the choice will be up to the client to use TOS or Streetsmart. But once the decision is made, there will be no going back. I pushed him and he did not back off of this being the plan.
This will save capital. PPS $70 plus
Agreed, I bought put options, Schwab bought TDA, an active trader broker, and now they want to convert all TDA clients to the outdated 1970's Schwab conservative investor platform, they don't want penny traders
This the next bank company to go under?
As soon as my TDA account moves here, I'm taking it all out.
Don't want to allow trading penny stocks. Sucks for you then. Let it tank to the shitter.
It does look like a pretty strong Open might be in the works for SCHW today.
OAG
Hi C, Re: SCHW and trading around a core position..................
No, I don't use Stop Loss orders on any of my portfolios. Since my average holding time is usually in excess of 4 years there is usually capital gain involved in selling out of a position. So, while I might be stopping the value drop, I usually would be inviting a capital gain event. In the case of the SCHW shares there's about a 45% LT and ST gain overall if I were to sell now. I don't need the tax liability.
Instead I usually average down in share price at intervals. However, the cash reserve isn't a bottomless drawer. My last purchase of SCHW shares was at $49 and that pretty much exhausted the reserves of cash I'd held for that position. To conserve cash I usually only make one consecutive buy in a 30 day time window. That usually helps with Falling Knife Syndrome.
On that latest purchase I'll harvest a LIFO gain if the price rises to around $61.
Best wishes,
Do you use stop loss? this is dropping fast
Marker: *After hour trading
SCHW
$47.01 -3.09 (-6.17%)
Volume: 22,246,355
* Yet another Fed rate hike .025% to 5.25% further spooking already panicked banking depositors & investors.
Bankruptcy coming been a good short until we shall see as PACW and WAL come first
Schwab stock tanking!!! Target 32 or bankruptcy!!!
Hi EU, Re: Short Interest............................
Not much. Just 1.7% right now. It's not been very high even after the banking scare last month. I noted that RJF is also down a bunch in the last 60 days.
https://stockcharts.com/freecharts/perf.php?SCHW,RJF&n=200&O=011000
So, I'd say systemic rather than company specific.
Best wishes,
OAG Tom
Like they have a ton of shorts?
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