Comments on: Investment Tips – Patience is the Most Powerful Ally https://www.moneyahoy.com/investment-tips-patience-is-the-most-powerful-ally/ Money Saving, Making Money, and Investment Ideas Sat, 24 Apr 2021 19:50:49 +0000 hourly 1 https://wordpress.org/?v=4.9.22 By: Derek Chamberlain https://www.moneyahoy.com/investment-tips-patience-is-the-most-powerful-ally/#comment-10502 Thu, 18 Sep 2014 11:05:16 +0000 http://www.moneyahoy.com/?p=1646#comment-10502 Jon,

If we could only go back and talk to our younger investing selves!

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By: Jon @ Money Smart Guides https://www.moneyahoy.com/investment-tips-patience-is-the-most-powerful-ally/#comment-10492 Mon, 15 Sep 2014 23:23:16 +0000 http://www.moneyahoy.com/?p=1646#comment-10492 This was a great explanation. I remember when I was a younger investor, I would always get these confused. I ended up writing up a cheat sheet that I kept next to my desk to help me learn!

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By: Derek Chamberlain https://www.moneyahoy.com/investment-tips-patience-is-the-most-powerful-ally/#comment-4727 Sat, 25 Jan 2014 17:49:25 +0000 http://www.moneyahoy.com/?p=1646#comment-4727 Michael,

I think my trading platform does “fill or kill” which is what I think you’re saying (not sure), but I haven’t really used it before. It either fills the entire order, or it doesn’t execute it. I’ve also been in some low volume stocks before, and you’re exactly right. You can pull your hair out trying to get in/out.

I still do limit orders to pick up index fund ETFs just to eek out a little more gain, but it’s more just for small self-entertainment…

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By: Michael@Save-Invest-Grow https://www.moneyahoy.com/investment-tips-patience-is-the-most-powerful-ally/#comment-4725 Sat, 25 Jan 2014 17:29:31 +0000 http://www.moneyahoy.com/?p=1646#comment-4725 I used to trade a lot of individual small-cap stocks (looking for Ben Graham “net-nets”). These can be great if you dig deep into the business, but trading the stock could be frustrating due to low volume. I would be pulling my hair out try to get orders filled! Also, when selling these, I’d advise using GTC orders as you mentioned. I’ve ended up paying a lot of “double commissions” when I used day orders and only got a partial fill. Patience is certainly a virtue on individual stocks. When I make periodic investments into index fund ETFs, I usually just go with market order.

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By: Derek Chamberlain https://www.moneyahoy.com/investment-tips-patience-is-the-most-powerful-ally/#comment-4361 Mon, 06 Jan 2014 14:16:34 +0000 http://www.moneyahoy.com/?p=1646#comment-4361 Untemplater, thanks for stopping by!

I totally agree with you, limit order and infrequent trades are the way to go!

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By: Untemplater https://www.moneyahoy.com/investment-tips-patience-is-the-most-powerful-ally/#comment-4346 Sat, 04 Jan 2014 05:16:52 +0000 http://www.moneyahoy.com/?p=1646#comment-4346 I like to set it and forget it when it comes to investing so I’d consider myself pretty patient. I pretty much always use limits when I trade and don’t freak out if my order doesn’t go through. But I also don’t trade very often. If I traded several times a week it’d be a lot harder for me to be patient b/c it would start feeling like work.

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