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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Investment Strategies / Mechanical Investing
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Author: elann ✸✹🐝🐝 HONORARY
SHREWD   😊 😞
Number: of 6131 
Subject: Re: study on execution prices by popular brokerages
Date: 08/07/25 11:33 AM
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This has occurred to me often; it occurred last week with APP. It occurs for me about once a month when I try to save by using a limit order. APP went from 363 to 380 the next morning so yes it can cost you if you miss a purchase by using a limit order that doesn't execute.

Sometimes the risk is big. I am up 62% in TPR in two months; if I had missed that by using a limit order trying to save 1/2%? You can see the risk.

A limit order is not a catholic wedding. Yes, maybe in 10% of trades the price will move away from you by a few cents. I always check immediately after placing my order, and I adjust the limit to get the execution. I never place an order and wait till the next day to find out that it didn’t execute.

Another 10% of the time you actually get an execution that is a few cents better than your limit.

Elan
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