So Scottrade made a slight error

8cd03gro · 01-25-2012, 12:34 PM

When I woke up this morning, my brokerage account value was listed as:

$127,847,091.83

Unfortunately it's now back to normal.

jdcvictory11 · 01-25-2012, 12:36 PM

I too use Scottrade. Got any good stock tips?

Apex Motorsports · 01-25-2012, 05:20 PM

You should have transferred $500,000 to your bank account as soon as you saw it.

Dznts · 01-25-2012, 05:25 PM

Quote:

Originally Posted by Apex Chase

You should have transferred $500,000 to your bank account as soon as you saw it.

+1

2010SS2SS · 01-25-2012, 05:59 PM

He forgot to tell you that was only an .83 cent increase

austinjames · 01-25-2012, 06:00 PM

Quote:

Originally Posted by Apex Chase

You should have transferred $500,000 to your bank account as soon as you saw it.

or to my account

ron10 · 01-25-2012, 06:03 PM

you could have bought the camaro plant and had a special order ZL1 made.

8cd03gro · 01-25-2012, 09:46 PM

Quote:

Originally Posted by Apex Chase

You should have transferred $500,000 to your bank account as soon as you saw it.

I called my local Scottrade office immediately. What confused me was the numbers didn't have anything to do with my actual account value. This happened once before, but it was just a decimal error that showed an extra 0 at the end. This time it was just some random enormous amount of cash. They told me it has something to do with me recently opening a margin account with them. I was hoping I just some crazy lucky fat finger trade LOL. It sure would have been nice. Could have a few new homes, a nice collection of zr1/z06/zl1, a new gt500 and a bunch of exotics. Now I'm just depressed I'm not a 100-millionaire

8cd03gro · 01-25-2012, 09:50 PM

Quote:

Originally Posted by jdcvictory11

I too use Scottrade. Got any good stock tips?

I trade mostly based on technical indicators and momentum in short term. A lot of options and scalping/shaving. In the long term I am heavily focused on carbon fiber composite companies, especially Zoltek, as they just expanded their Auto division and there is a lot of insider buying. Plus Obama is subsidizing carbon fiber and advocating American business partnerships and many Auto manufacturers are snatching up carbon fiber producer contracts to lighten up future vehicles. I have a blog about this stuff, but I just took it down to make some changes a few days ago per my lawyer's advice. I'll let you know when I get it back up.

dolt45 · 01-26-2012, 06:10 AM

What stinks is that it was their mistake but if you had touched any of it they would have had some badges up your whoozit so fast it would sound like a major league catcher's mitt taking a fastball.

What I got from this story is that I don't want to use them for trading.
I'm usually nervous enough about tossing my money out there without knowing something like this has happened at the company holding my 'chips'.

I'd almost feel safer 'investing' at the racetrack.

...almost.

01-25-2012, 12:34 PM	#1
8cd03gro Drives: 2005 STi corn fed Join Date: Jul 2008 Location: Colorado Posts: 2,997	So Scottrade made a slight error When I woke up this morning, my brokerage account value was listed as: $127,847,091.83 Unfortunately it's now back to normal.

01-26-2012, 06:10 AM	#10
dolt45 Glorious Ignoramus Drives: SS 45th Join Date: Nov 2011 Location: Austin, Tx Posts: 653	What stinks is that it was their mistake but if you had touched any of it they would have had some badges up your whoozit so fast it would sound like a major league catcher's mitt taking a fastball. What I got from this story is that I don't want to use them for trading. I'm usually nervous enough about tossing my money out there without knowing something like this has happened at the company holding my 'chips'. I'd almost feel safer 'investing' at the racetrack. ...almost. __________________ * Sent via Scooby-Doo decoder ring Disclaimer: I really have no idea WTF I'm talking about.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
After 85 years of USA Made, Craftsman hand tools now Chinese	bad azz z/28	Garage / Tools Discussions	38	03-08-2013 11:12 PM
Something To Think About!!	3whiterag	General Automotive + Other Cars Discussion	15	06-06-2012 06:44 PM
Made a TERRIBLE Mistake...	2Fast4Mu	5th Gen Camaro SS LS LT General Discussions	79	11-20-2011 05:10 PM
Made by GM...Surprised?	WAY2FAST	General Automotive + Other Cars Discussion	50	01-10-2009 09:47 AM
COMPROMISE REACHED FOR BIG 3	Moose	General Automotive + Other Cars Discussion	68	11-28-2008 06:35 PM

01-25-2012, 12:36 PM	#2
jdcvictory11 Sonja Drives: '11 LT/RS, '95 Camaro Conv. Join Date: Oct 2011 Location: Las Vegas, Nevada Posts: 884 View My Garage	I too use Scottrade. Got any good stock tips?

01-25-2012, 05:20 PM	#3
Apex Motorsports Drives: 2000 Camaro SS Join Date: Feb 2010 Location: Louisville, Ky. Posts: 25,165	You should have transferred $500,000 to your bank account as soon as you saw it.

01-25-2012, 05:59 PM	#5
2010SS2SS Drives: 2010 Camaro SS 2SS Join Date: Aug 2009 Location: Cypress, texas Posts: 1,296	He forgot to tell you that was only an .83 cent increase

01-25-2012, 06:03 PM	#7
ron10 Drives: 2010 2SS IOM L99 Join Date: Jan 2010 Location: LOUISVILLE,KY.. Posts: 7,545	you could have bought the camaro plant and had a special order ZL1 made.