Will you stay with Cyber/Schwab if they only offer per trade pricing?

CeNY · Feb 22, 2008

For what little it may be worth...everyone check your inboxes. Schwab sent out another customer satisfaction survey.

ericynot · Feb 22, 2008

I just finished with that. I hope everyone with a dog in this fight will tell them in no uncertain terms what they need to do to set things right. I would love to go back to trading on their platform if they'd just get it back up to (CyberTrader) snuff.

I'm not holding my breath, but certainly Schwab has the technical horsepower to fix things if they decide to.

Rich C338 · Feb 23, 2008

I made the move this week and now that I am out of Schwab, I am going to write Mr. Schwab a letter.

As it turns out, he is living in the same area as me in Atherton CA and I have his address. Anyone who would like to add some input are welcome to send me an email with some specific thoughts.

I have a feely he is far removed from the daily activities and might not know how bad the problem was/is with the CT transfer and all of the new members he lost.

My letter will not be one of anguish, but more to see if he is aware of what has happened, how it appears no one is working on the problems, how we have not received one apology or for that matter not one reponse from Management, and if they ever intend to fix their problems.

I think he needs to at least hear all that has happened and if he doesn't repond, then we know they don't give a damm.

I just find it hard to believe that the founder of the company, knows this is all happening and nothing has been done to try and fix it.

For anyone who would like to add something to the letter, you can send it to my email and address the Subject line as Letter to Schwab. If not, I do not open strange emails.
My address is
rc1773@aol.com

Cdntrader · Mar 14, 2008

8:48[SCHW] Schwab Feb. average trades up 5% on year, down 22% from Jan.

lol I wonder if its sinking in that their high volume traders have left yet.

law95 · Jan 7, 2011

Quote from akeyla:

I've been noticing that UBSS has started to take the opposite side of your trades very actively. Here are some tactics:

I shorted shares in abc. I notice UBSS sitting on the bid a few levels down with 500,000 shares. If the stock starts moving down he jumps up a few levels with 800,000 shares. Other MMs join him at this level with heavy size. The stock starts moving up and you are forced to cover at a loss. Also towards the end of the close of the market, I was still short. The inside bid was at 30.00 UBSS jumps up and sits on a new bid at 30.07 and stays there. Meanwhile the offer starts to drop sharply and is now at 29.80. UBSS however, stays on the inside bid at 30.07 and refuses to move. You've got a situation where people are desperately unloading their stock at 29.80 but UBSS refuses to budge and stays on the inside bid at 30.07.Realizing what UBSS is doing the sellers pull their offers and start hitting the bid at 30.07. Our buddy UBSS however refuses to budge and eats up all the shares coming his way at 30.07 thereby forcing me to cover my short at a loss. These are just a few instances. There are countless other tactics that he uses to force you to sell or cover at a loss. It is therefore becoming increasingly difficult to even daytrade and make profits at CT.
This will probably carry on to Schwab where it will become even more prominent. Curious to see if any of you other Cybertraders have noticed these types of manipulted behavior?
More...

Landis82 · Jan 8, 2011

Congratulations on your very first post on ET.
Opening up a thread that has been "dead" for nearly 3 years.
What drugs are you on???

Just curious.

law95 · Jan 8, 2011

I was wondering if anyone here heard about the hackers that compromised the schwab accounts
They denied any problems every time I asked them ...with regards to other traders..as(over 500 times)

I too had innumerable disconnects bad service with SSPro and wondered if anyone else was sent a letter to leave without explanation or technical explanation for all the problems I too experienced.

And also I am at IAB and wanted any suggestions for better charting service akin to CT.
Appreciate this forum being here ...wish I had known about it sooner.

To say Schwab service honesty and addre4ssing the disconnections during Fed days and and pre market and at large market turns..the list is extensive SSPro has been a nightmare is the understatement of the century.

law95 · Jan 8, 2011

Nightmares ongoing at Schwab

Wish I had read this forum.

Now at IAB after Schwab kicked me out when they could not stop all the hacking or purposeful well timed platform freezing and disconnects and funny biz going on in my account.