Tuesday, September 18, 2018 11:41:35 PM
When buying OTC, I have to set a Limit. In the past, it's like, no matter what price I put on the limit, that's what they end up buying it for. Never anything below that.
So . . . with the price of CVSI most likely rapidly rising tomorrow, if I set a limit of $5.75, I might not even be considered. I can set a limit of $6.25 and most likely will be able to buy.
Here's my question. Let's say, if I set a limit of $6.25, I'm pretty certain I'll end up buying it for $6.25. Nothing less than that. It's like, no matter what price I put on the limit, that's what they buy it for. If I 'gamble' and set it for $5.80, I doubt if I'll get any takers and will lose out on an opportunity.
How do you guys set YOUR limits? Better yet, what limit would you put on it first thing in the morning?
Thanks,
Mike
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