Letters

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To the Editors:

For the Model Shadow Stock Portfolio, you recommend entering limit buy orders at the ask price and limit sell orders at the bid price. [See the April 2010 AAII Journal or the Model Portfolios area of AAII.com for the portfolio rules.]

I would think it’s best to buy low and sell high. Therefore, wouldn’t it be better to enter buy orders at a small discount from the present bid price and a sell order at a small (0.5%) amount above the present ask price? This applies if the difference between bid an

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Discussion

Harry from California posted over 2 years ago:

Both fundamental and technical analysis are useful ... the nice thing about the premise for technical analysis is that everything boils down to price and as Mr. Kahn likes to say: "That's what you put in the bank!"


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