Replies to post #30499 on Cycle Trading

[jaws57]

I dont play around with it anymore. If im buying I will try the bid and near close if not filled just take the ask. All depends on price action. When I sell I do the Duma routine of MOC, so far ive gotten the current ask at the time. If I need the funds ASAP then I take what I can get

[Duma]

As Jaws posted, most of my trades for SGOV are done MOC, so I easily get the closing price. A week or so back, I placed orders immediately after the close, and I was able to get closing price. Seems if I am later than about 4:15, then I have to pony up another penny to the asking price. That happened last night when I realized I had a few dollars that I wanted to catch the jump today with. SGOV is up .04 this morning, so making .03. Small dollars but the right way to do it. I am finding it very easy to move in and out of SGOV.

I will take your word for it that that will not be the same with FLOT. Today is the day that I am going to starting moving money into FLOT, but I will just use MOC orders and not have to deal with any issues of b/a.

I also made the decision to keep my "trading money" in SGOV. SGOV is very consistent with how it moves, FLOT is not. FLOT jumps up one day and then down slightly another with no pattern that I can see. To capture the best gains, the money needs to stay put.

I am currently trading up to 125% investment, so that means I need to leave 41.7% plus a small reserve in SGOV. I have done a good job of keeping my cash <$1K.

I have really embraced the EOD trading. My alarm goes off at 3:15pm to tell me to go to my charts, review and make my decisions. I have to have my trades in by 3:50. On a rare occasion, I may really be on the fence about a trade, I have let the AH action make the decision for me. I have until 8pm for that decision.