Option Iceman 7:25 am on Monday, August 5, 2024

Schwab

Down all morning

keeping me out of trouble 🙂

fuzzballl 7:40 am on Monday, August 5, 2024

Wondered why I couldn’t get into my TOS paper account.
hcgdavis 7:41 am on Monday, August 5, 2024

Schwab sucks and it is always when there is increased volatility. Gradually moving all my accounts over to Tasty Trade and leaving one TOS account for the charting tools.

Otherwise everything Schwab touches they F$%& it up and they do not know how to calculate risk in spreads. Try to trade a RUT calendar or diagonal there and watch what happens.

I was hopeful with TOS as until a few months ago TD Ameritrade was managing TOS but since the switch over nothing but problems and issues.

Hate Schwab, they destroyed several accounts in 2015 because they did not know how to calculate margin and they closed most of my positions at max losses.
- fuzzballl 7:58 am on Monday, August 5, 2024
  
  True. Very disappointed with what they’ve done to TOS. I do still use the platform as well and then just place trades at Fidelity. I’m at Fidelity for cash sweep interest but at some point when rates get a lot lower I’ll be looking to move. Still have my accounts at Tasty and at Schwab (for now).