Quote:
Originally Posted by Vortech404
Hey Greg,
Thanks for your reply. I know my purchases are really small compared to yours. I thought I read on another page to always use a limit order and I was curious to how people came up with what they wanted to bid.
I guess if you are buying in small quanities to just buy at market price and get the shares.
At least now I know later when I'm buying 20-50 thousand shares to use limit order with the lowest price of the day!! 
Thanks for all your help |
My point wasn't to brag about the size of mine versus yours -- it was merely a reference of when a limit order is important and why they're used. There's real money to be saved when you're upping the ante a bit -- and on something in the 100 share range it's just really not very important and I feel that what IS important is just to get going and investing.... because most people don't have the time to be chasing shares daily etc. That one day - when you don't get your order filled --- and the next day the shares run a buck a piece! Now what did you "save" -- you just cost yourself a buck a share by trying to be "cute" and save 10 cents a share. Of course it goes the other way too -- but you get my point.
The other thing that people do is try to "time" the "EX" date of a dividend paying stock because the shares generally trade down the amount of the dividend being paid... thus you effectively pick up the dividend by just getting the discounted price that day ---- the problem with this is A) you have to wait for that date --- and in the meantime the shares may have run more than you're trying to "save" --- and B) once again - do you really have the time to spend chasing this small amount (in total dollars). If you're trading big blocks of shares 1000 or so per - then maybe - but not on 100 or 200 shares...