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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: bacon   😊 😞
Number: of 6132 
Subject: Re: IB Transaction Cost Analysis
Date: 01/02/24 9:52 AM
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One last point is that from my statistics in the past, it was better to buy earlier in the day rather than later.

My experience, anecdotal since I kept no records on this item, was that I got perfectly fine prices when I bought and sold shortly after lunch time, Central Time (a time frame driven by my daily schedule more than anything). "Perfectly fine" for me was usually a price better than the extant market price by a few bucks across the whole order; although a few times I got a worse prices of roughly the same magnitude. This was with TDAmeritrade; now that I've been forced to Schwab by that acquisition, I'll find out whether that's still the case.

Eric Hines
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This community has written 6,115 posts about Mechanical Investing. The article-length ones it recommended most:
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