Leaderboard

I just came across this article concerning ToS and Schwab's intentions. On the face of it it appears there was some debate about retaining ToS as part of the TDA/Schwab merger. As per this article, it seems they have decided to keep it, but "integrate" it into their existing platform (somehow). https://www.investors.com/etfs-and-funds/personal-finance/thinkorswim-sunk-now-that-schwab-owns-td-ameritrade/?src=A00220&yptr=yahoo Based on my experience as a former IT guy, it it reasonable to expect hiccups before, during and after the integration. There have already been a couple of such issues in the recent past, and knowing that ToS was itself procured by TDA (and not developed by them) should be a concern during Schwab's' integration.. Personally, I've already begun diversifying my reliance on any single platform by opening an acccount at Tradier. I still like ToS, but I'm not as infatuated with it as I once was.

You need to put a piece of tape over the pickup on your webcam and microphone, just unplugging them isn't enough. And I can get you a good deal on a stainless steel colander to block those nasty mind control waves. On a more serious note, I've renewed my subscription to ONE. Like you, having a backup broker would be great, but I found having two completely separate trading platforms to be a little cumbersome. I'm thinking of using ONE and having two different brokers I can trade through. I also think that ONE may handle the multi-legged creatures we create at SO better, especially P&L on trades that have been changed in any way since inception. We'll see how well this brilliant idea works out.

I did, right after I posted my message above ! It's like when spread prices jump right after @Yowster posts his trades, or when @Kim posts a response a few seconds before I hit "Submit" on mine. Chuck and Kim are watching me.

@rasarDidn't you get "a personal message from Chuck Schwab" telling you it was all going to be just fine? I guess I'm just more important.😁

@Motion Sorry I missed this question from you last month. Tradestation is a pretty cool platform because you can do automation on it and it integrates with Trading View charting. From what I researched, their options order execution quality is average to above average. I haven't researched TradeZero America, but the name gives me caution. The "free" and ultra-low cost brokers usually end up actually costing you a lot more than the best brokers because you may tend to miss more fills on good trades. As well, on the trades that do get filled, they retain more payment for order flow to pay their bills, instead of returning it to the trader as price improvement. It's a shell game and usually, people that play shell games are hiding something that's not to your benefit. The straight forward brokers like Interactive Brokers and Schwab usually end up making you a lot more money than the little you thought you might save with the "free" brokers.