I have the same problem with Fidelity. I suspect it isn't a problem confined to Schwab, but I have just switched my accounts over to Tradestation, so we'll see if there is any difference.
If you only want a 1000s, put your order in All-Or-None. You sometimes wind up not getting any, but, you're right, if you're trading for small change, you can't afford to have commissions become a significant part of the trade. A round trip of 3 cents a share on a 1000s become 15 cents a share on 200s.
re schwab. yup, i have that same problem. although, if you let the order sit for a while, the remainder may be filled also. however, today, i did a cover of 500 sh and got only 100 ...
so yeah, it happens to me also. on rather illiquid things, anyway.
Carl.. I have the same problem with Schwab...and I do not know what to do about it.. I wish I did..
Schwab is getting much too greedy and independent for me I think. It cost me $200. to buy and sell 5000 shares. A bit too high in todays market, don't you think, maybe I should move my IRA elsewhere..
Please.. should you, or others have suggestions, or recommendations.. let me hear from you. PM's advised. Thanks!
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