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I've noticed in the past that my broker doesn't send its orders to wherever it will execute, but rather to whatever venue or market maker gives it the highest PFOF.
#MOTIVEWAVE EXTENDED HOURS DATA SETTING FULL#
Not necessarily - I observed a very similar thing using another major discount broker through which I have full permissions to trade extended hours - extended hours trading went right through my live extended-hours order. And if the broker won't let me do this or charges too much extra for it, time to go elsewhere, unless it's an account in which I do very few trades per year. The solution I have is to direct my orders to whatever venue has the best bid or offer rather than using the broker's "smart" routing system. If that means the client loses out on a trade, so be it.įYI, this is the modus operondi of virtually all retail brokers now - perhaps they make more money off of these little bribes than they do off of explicit commissions, and it's all perfectly legal, at least in the context of how the law is presently enforced. More.Not necessarily - I observed a very similar thing using another major discount broker through which I have full permissions to trade extended hours - extended hours trading went right through my live extended-hours order. They are good for swing and long term trading but for Day Trading and especially after hours trading run donât walk away from them. Last year I had the same issue, but that was because my settings in the Schwab trading Platform were set up wrong. My response was that I have been day trading for 14 years and know very well how the pre and after markets work. I called Schwab while the trade was active and they told me it was sitting out there and then they gave some BS excuse about pre and after market trading. I would cancel and re submit â same thing it just sat. In the aftermarket I could not get the trade to execute for almost 10 minutes as it sat there even when my price to sell was below the best Bid. Normally I just do this with IB and never have any issues. Today I decided to place a trade on ZNGA in my Schwab account with the intention to sell on any pop after the earnings release.
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However, The volume profile looks the same. So I have done this, the alignment is on the right. You can reduce the size of the volume profile using the 'Profile width ()' setting for the Order Flow Volume Profile indicator in the Indicator menu. I do not use Schwab as my Day Trading Broker â I use IB for that task. Increase the 'Right side margin' setting until there is enough space for the volume profile to plot.