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Posted On: 03/09/2025 11:41:31 PM
Post# of 151530
I’ve been with Schwab for a long time. I thought I’d share my recent Schwab experiences.
When I set up the cash account to hold our CYDY shares, it wouldn’t allow me to transfer my shares because there was an outstanding order that had to be canceled first. I had submitted a Good Till Cancelled order in December 2024 for 50k@.1102. Feels like a lifetime ago. Glad we are no longer at that price level and hope we never return to it.
When I started buying CYDY shares back in 2020, I always did All or Nothing orders. More recently when price dipped below my ask, it sometimes didn’t fill because the quantity offered was less than my bid. So I changed to No Minimum. Sometimes it would take six or more partial fills over a couple of hours to complete the order. Interesting to watch. On one of my orders, I had a partial fill of 3 shares at .14. When it looked like it wouldn’t come back down to that price, I upped my limit to .145. It filled the remaining 9997 shares at the higher limit. Schwab charged me 6.95 for the 3 shares and another 6.95 for the 9997 shares so it cost me 2.46 a share for those first 3 shares. Lesson learned. Changed to reasonable Minimum Quantity after that. Last week I got a partial fill of 4k shares. The next day the remaining 6k shares filled. Got charged 6.95 for each. Can’t win.
Those of you who don’t get charged a fee by your broker are so much better off. With Schwab you have to buy enough to offset the fee. Hope we are all still buying. Do your DD.
GLTA
When I set up the cash account to hold our CYDY shares, it wouldn’t allow me to transfer my shares because there was an outstanding order that had to be canceled first. I had submitted a Good Till Cancelled order in December 2024 for 50k@.1102. Feels like a lifetime ago. Glad we are no longer at that price level and hope we never return to it.
When I started buying CYDY shares back in 2020, I always did All or Nothing orders. More recently when price dipped below my ask, it sometimes didn’t fill because the quantity offered was less than my bid. So I changed to No Minimum. Sometimes it would take six or more partial fills over a couple of hours to complete the order. Interesting to watch. On one of my orders, I had a partial fill of 3 shares at .14. When it looked like it wouldn’t come back down to that price, I upped my limit to .145. It filled the remaining 9997 shares at the higher limit. Schwab charged me 6.95 for the 3 shares and another 6.95 for the 9997 shares so it cost me 2.46 a share for those first 3 shares. Lesson learned. Changed to reasonable Minimum Quantity after that. Last week I got a partial fill of 4k shares. The next day the remaining 6k shares filled. Got charged 6.95 for each. Can’t win.
Those of you who don’t get charged a fee by your broker are so much better off. With Schwab you have to buy enough to offset the fee. Hope we are all still buying. Do your DD.
GLTA
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