I was thinking this could be an effective way of buying stocks at a good price.
Instead of buying shares whenever I feel like it, why not front-load a bunch of 90-day limit orders below the current share price? If any of the orders go through, then hooray, I bought the dip. If they don't, I'm not out anything (unlike options) unless you want to include potential gains missed elsewhere. Do you think this is a reasonable approach?
For clarification, I don't mean this as a strategy for all of your investments (including retirement accounts, etc.), just for taxable trading accounts.
Submitted March 21, 2021 at 11:07PM by MinnesotaPower https://ift.tt/2NE3JpP
