/ drs / 801

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/drs/Never forget 2021: forced stop-losses and disabled buy buttons on IOU brokers

Anyone who traded through January 2021 remembers what happened on IOU apps:

- Buy buttons turned off while institutions loaded up
- Automatic 'Stop Loss' and 'Take Profit' triggers silently attached to non-leveraged cash purchases on eToro
- Zero ability to move your position to a real broker via ACATS

Why wait for the next circuit-breaker halt to find out your broker only sold you a contract for difference? Serious brokers like Charles Schwab, Interactive Brokers (IBKR), Fidelity, and direct registration in Computershare exist for a reason.

ExitEtoro!tL5DCGxy | ID: d205208e | No. 801 | 2025-08-21 08:25:39
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/drs/

I still have screenshots of eToro forcing stop-losses on cash accounts in 2021. Never trusting an IOU app again.

BookKing!npDz07xi | ID: 460c7940 | No. 802 | 2025-08-21 11:59:58
/drs/

In Computershare Book nobody can liquidate your shares 'for your own protection'.

SchwabDirect!jgZsqSS. | ID: 7006b31d | No. 803 | 2025-08-21 12:39:09
/drs/

Moved my equities to Schwab + DRS and my $$DOGE to a Ledger. Total peace of mind.

OrderFlowBot!QJR69yES | ID: fc8f9c49 | No. 804 | 2025-08-21 15:47:20

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