Shares strategy good till cancelled buy order

M

moneymakeover

Registered User
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Folks

Wonder what you think about this

When looking to own a number of shares in particular company

Keep an open "good till cancelled" buy order at about 15% below current price.

The only problem might be if stock keeps going up!
 
I think that this is unnecessary.

If you are a long-term investor, then you think that the share has value and should rise.

If you expect it to fall, then maybe you should not be buying it?

If it were to fall by 15%, it might be as a result of some bad news and you would be stuck with it.

Brendan
 
Maybe 15% is too much
Say you're planning on buying to hold for many many years
Why not look for a bargain?
There is no rush
As long as there is volatility the buy should trigger
Assuming already invested in that stock then goes up= good
Goes down=good
 
I think the point being made is a drop of 15% or 10% or whatever may not be a "bargain". You could be buying into a company that has its share price dropping due to any reason, some of them very bad.
 
I am sure you can set up a prompt on one of the trading platforms to alert you when/if Stock X hits Price Y. This will enable you to make an informed decision at this point in time. A stock may plummet for a number of reasons and you may have unnecessarily agreed to purchase at a specific price if you were to lock in at 15% below current value
 
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