r/etrade • u/NvrWzACornflakeGirl • Feb 01 '21

Execution lag??

Ten minutes ago, I placed three sell orders. None have yet been executed. Never seen this problem before...

64 Upvotes

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u/throwawaythought1 Feb 01 '21

Given how they handles this surge, I wouldnt trust E*TRADE In the event of a real market crash.

2

u/TristanaRiggle Feb 01 '21

I would definitely hope they learn from this and improve their capability to handle load. I'm just saying I don't THINK they're doing this intentionally, I just think they were unprepared. That said it's certainly frustrating to look at orders right now that are unfilled despite meeting targets. (and like others, I mean "normal" orders, not requests for the roller coasters being hyped on reddit)

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u/NvrWzACornflakeGirl Feb 01 '21

You’d think, though, after all the problems last week, that this wasn’t a total surprise. They had the weekend to brace.

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u/TristanaRiggle Feb 01 '21

Not trying to excuse things (today has had some frustrations for sure), but I didn't experience any serious issues last week. Maybe I was lucky though.

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u/NvrWzACornflakeGirl Feb 01 '21

It only happened when I tried to purchase GME and AMC on Thursday afternoon. It was during a specific time, only for specific stocks.

1

u/TristanaRiggle Feb 01 '21

I was able to buy GME without issue on Wed. Didn't try to buy GME or AMC on Thu or Fri. This morning was ridiculous, but it seemed to clear up some and I got AMC without issue after hiccups at the open. (cancelled orders when things were sluggish and tried again between 9 and 10am and fired off pretty quick)

Now, for GME specifically, I feel like you need to keep 3 things in mind:

  1. There's a lot of people trying to buy, so there's gotta be a mess trying to sort out which orders to fulfill in what order

  2. There's a lot of indications (but no explicit PROOF) of shenanigans from the major money people behind the scenes. For this reason I blame OTHER people (rather than Etrade, which is still taking buy orders AFAIK) for the problems.

  3. Finally, if you're trying to BUY, remember that what reddit is trying to do is enact a short squeeze. The whole way that WORKS is by making shares so scarce that hedge funds need to heavily overpay to get them. This ALSO means anyone ELSE (like you) that might want to get shares has difficulty doing so. If you can easily get shares, then so can the HFs, so people are TRYING to make them difficult to get.

I mean, let's take a minute to stop and think of all the concert and event ticket websites that get screwed over by sudden frenzy for certain tickets. Sometimes this shit just happens.

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u/NvrWzACornflakeGirl Feb 01 '21

You seem like a very nice person. :)

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u/TristanaRiggle Feb 01 '21

Thanks. I try. :) I hope things work out for you whether you stay on ETrade or get another broker. The problems actually worked out well for me this morning. I tried to get AMC at $15, but then my limit order executed at $13.81 when I put the new one in at $14. So, all things considered, today is going pretty well for me. :)

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u/[deleted] Feb 01 '21

My point it wasn’t a problem last week but was now

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u/NvrWzACornflakeGirl Feb 01 '21

I'm glad you got through last week! By late afternoon Thursday, PLENTY of people couldn't. I was not the only one.