When entering an order to buy or sell a stock, consider a limit order instead of a market order. With a market order, your broker will route the order to whoever will trade and the terms are not likely to be in your favour especially with a stock with lower liquidity. With a limit order you have to specify your limit price and you may need to change that price but at lease there’s some element of protection from predatory traders. Also when entering a limit order, if liquidity is low or you are being very patient, you can choose to set your order to expire at a certain date or good to cancel, or just to the end of the trading day.
HOW DO I TRADE?
I DON'T UNDERSTAND YOUR ACRONYMS
I use a lot of shorthand, abbreviations, and acronyms. If you don't understand them, please email me and ask.
Can you invest for me?
No. I only invest my portfolio. That eliminates the concern that I might make off with your hard earned savings.
How much money do I need to be able to invest?
Enough to fund my retirement. Kidding. You should have enough to set up a diversified portfolio. This can be open to interpretation. Let's assume a trading commission is $10 per trade, if you are trading 1% positions of your portfolio and you want to keep that $10 to a maximum of 0.2% of that 1% trade, that implies $500,000. However that is not necessarily a minimum, your portfolio might contain fewer holding, you might be trading positions larger than 1%, or your trading commissions could be less than $10 per trade - this is just meant to add some perspective to think about. That said, approximately 5-10 good stocks is probably a minimum starting point. Keep in mind this is investing, not trading or speculating.
HOW OFTEN DOES THIS GET UPDATED?
I will update my trading immediately. I will not be trading every day (I'm investing, not trading) but I will update the portfolio after market close (this could be a few hours after close). I will update company commentary and analysis around earnings reports and as things evolve, either new information or significant stock price changes. I will update my general commentary periodically but not necessarily daily.