Re: Lichello, "By the Book"
I'm using open-ended mutual funds, for which GTC orders aren't available. I'd have to make a major change and switch to ETFs. It may be a good idea to do that, but would take quite a bit of work. My reply to Steve goes into more detail.
Towards the end of the 4th ed, Lichello backs his AIM-HI version, with only 20% starting cash, and 10% minimum order size - even in the light of the 1987 experience and his awareness that the long secular bull market appears to be coming to an end. He doesn't seem to worry much about drawdown!
Best wishes,
Mike (Daisy42).
