Hey Guys,
The market took another step up in price since my last email. It cracked through the 4500 mark for the S&P 500 and is holding there so far this morning.
I had one new trade today in the low-priced account. It was for the ticker ACI. I knew this ticker was likely to trigger an entry before the market opened. For some reason though, my order didn't fill for the first five minutes of trading. It didn't have any noticeable net impact on my entry price, but it can still be uncomfortable to see your order sitting there and not getting filled despite qualifying for entry. That happens to me once every couple months or so. Normally it fills instantly.
About ACI, the price of that stock went down after I bought it. That means that most people who followed the trade may have gotten a lower price than me. It's the reverse of what happened yesterday with OFC. That one moved up in price shortly after I bought it, which meant that people following the trade may have ended up getting a higher price than me. Over time, it all kind of washes out to some degree, meaning sometimes you'll get a lower price and sometimes you'll get a higher price. It can be helpful to notice firsthand how that works, and these trades with ACI and OFC help demonstrate that.
Yesterday the price on Walmart stock did end up coming back down to my buy limit order price, so my order got filled there. I have buy limit orders for all the tickers on my watch list each day. Once two fill in a given day, then I close out the rest of the orders. I limit myself to two stock trades per day in each account as a way of managing my buying power and diversifying my exposure.
If you have any questions or feedback, I'd love to hear from you.