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Stock Trading Platforms

Posted on 9/7/20 at 10:50 am
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 9/7/20 at 10:50 am
I just got started 2-3 months ago. I am using the Stash app, and I also have M1Finance.

One issue that grinds my gears is the speed when it comes to buying and selling. It can take hours. I tried buying at noon on Friday and it didn’t go through by the end of Friday. This costs me money.

My question is if this is the norm. Is something like TD Ameritrade better about this? I get an hour or so, but 4-5 hours is too long.
This post was edited on 9/7/20 at 10:51 am
Posted by The Egg
Houston, TX
Member since Dec 2004
79110 posts
Posted on 9/7/20 at 12:30 pm to
Trade execution that takes hours?

Sheesh
Posted by jangalang
Member since Dec 2014
36250 posts
Posted on 9/7/20 at 12:35 pm to
quote:

One issue that grinds my gears is the speed when it comes to buying and selling. It can take hours.

That is not good friend.
Posted by Got Heeem
Georgia
Member since Sep 2012
3631 posts
Posted on 9/7/20 at 1:31 pm to
I've tried etrade and Webull.

I mush prefer etrade.

I've never once had a single issue or slowdown. No bugs.

Webull works but I don't care for the user interface. The app is better than the website version.

Etrade app is fya!
Posted by IbalLSUfaninVA
Alexandria
Member since Jul 2008
3484 posts
Posted on 9/7/20 at 2:24 pm to
I use Fidelity. It’s takes less that 5 minutes after order. Most of time, less than 1 minute.
Posted by Ballstein32
Member since May 2020
363 posts
Posted on 9/7/20 at 4:31 pm to
TD Ameritrade here. Usually within a few seconds during market hours, after hours might take a little bit longer but not really by much (unless I forget to select day+ext)
Posted by BlazinPurple
Baton Rouge
Member since Oct 2010
158 posts
Posted on 9/7/20 at 4:58 pm to
ThinkOrSwim, it is a program that is offered by TDAmeritrade for free.
Posted by PillPusher
Gulf Coast
Member since Oct 2009
5706 posts
Posted on 9/7/20 at 6:29 pm to
It takes that long on a market order or limit order because a market order should be instantaneous on any platform? A limit order on the other hand can take as long as it needs too. I guess what I’m trying to say is make sure you don’t think it’s slow when putting in limit orders.
This post was edited on 9/7/20 at 6:30 pm
Posted by Slima
Baton Rouge
Member since Apr 2006
135 posts
Posted on 9/7/20 at 6:41 pm to
I use the youtrade portion of the chase app. Regular brokerage, non-IRA. My trades get executed in like ~5sec
Posted by LSUneaux
NOLA
Member since Mar 2014
4485 posts
Posted on 9/7/20 at 7:01 pm to
Why does anybody use Robin Hood? TD Ameritrade and a lot of the major brokers have no fees.
Posted by LSURN98
Jupiter
Member since Oct 2019
448 posts
Posted on 9/7/20 at 7:49 pm to
quote:

Why does anybody use Robin Hood? TD Ameritrade and a lot of the major brokers have no fees.


Why not? My son uses it because it’s format is really easy. And don’t give me the glitch BS because they all glitch. A lot of these kids are into crypto too and it’s easy to trade on RH.

I use TDA and Scottrade before TDA bought them. I know we’ve talked about it before but do you remember what they used to charge before RH came around? I do. It was 6.99 a trade. 14 bucks to buy and sell a stock. Without RH coming along all these big brokerages would still be shafting traders.

I’ve never understood the arrogance of this board that not only belittle people who use RH but act like they haven’t been good for the industry. They have. And they have gotten young people interested in investing, and that’s a good thing.
This post was edited on 9/7/20 at 8:04 pm
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 9/7/20 at 7:50 pm to
I’ve got to figure out a way to transfer over to TD
Posted by LSUneaux
NOLA
Member since Mar 2014
4485 posts
Posted on 9/7/20 at 8:54 pm to
Easy there. I was just asking.
Posted by LSUneaux
NOLA
Member since Mar 2014
4485 posts
Posted on 9/7/20 at 8:55 pm to
You could probably just send your money to your bank account, then send it from your bank account to your new brokerage.
Posted by jangalang
Member since Dec 2014
36250 posts
Posted on 9/7/20 at 9:36 pm to
Robinhooders receive a bad rap but they invest into the same stocks that TDA and Etrade investors invest in everyday. The billionaires want to bitch about Robinhooders and love to point out Hertz but won’t mention how they also piled on Kodak and rode it to 52 either. Billionaires are scared that traders may be able to make money without doing the old school method of studying charts and financials all day. And that grinds their gears.

However, as far as Robinhood the app goes, the details are too sophomoric and it doesn’t open for trading until what? 9? That’s a no from me.
This post was edited on 9/7/20 at 9:57 pm
Posted by arcalades
USA
Member since Feb 2014
19276 posts
Posted on 9/8/20 at 5:22 am to
you definitely need to get tda, fidelity, or charles shwabb. i say CS bc they've bought tda, so tda wont be around much longer. thinkorswim will be and it's great. too overwhelming if anything.
Posted by Auburn1968
NYC
Member since Mar 2019
19366 posts
Posted on 9/8/20 at 8:13 am to
I have etrade and TD ThinkorSwim. I prefer etrade because like this site the text and graphics are all dark on light background which is much easier on my eyes. Etrade is a cleaner and more intuitive than TD though TD may have a bit more powerful tools that are plagued only by a computerish interface.
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