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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: BSDetector   😊 😞
Number: of 6131 
Subject: Re: The Perspective for 2023
Date: 01/05/23 6:54 PM
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4321rewq,
Sent promptly at market close (typically 4 pm, Eastern time). I haven't examined the results of trade execution at open the following day, although it is unlikely the results will be much different over time as any gaps up or down are probably awash if the strategy is followed consistently. One reason to be wary of executions at the open is price action often abruptly reverses when 'The Professionals' enter the market during the final 90 minutes of regular trading hours. The primary challenge with waiting until the following day, however, is that something will have changed overnight, and it will be tempting to 'wait until it's clearer,' which isn't going to happen. I'm never comfortable with new trade executions because the future is never clear(er). Any feelings of emotional confidence about the market's direction are usually misplaced and expensive, at least in my case...hence the math.

Craig,
Yes, the correct date is Friday 10/28/22.
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