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Buy off of intraday quote or end of day prices.

QuestionsCategory: QuestionsBuy off of intraday quote or end of day prices.
LAW LINDSEY asked 6 years ago
Do you think it matters if I make key list purchases off of intraday quotes or wait for end of day prices.   I have primarily been a value investor and am trying to branch out into swing trading.  I know I may be able to get some better executions if I buy intraday but if I go with end of day I will be exposed to less noise.  Regardless of entry I am thinking of setting stops of not more than 2 ATR and having no expected losses of more than .5% of account (unless gap down occurs).     Does this sound reasonable?  Thanks for your thoughts. Law Lindsey
1 Answers
Avatar photoOwen Staff answered 6 years ago

Hi Law,
Video from Pat:
https://youtu.be/qmkUyg93zBA

LAW LINDSEY replied 6 years ago

Thank you for your analysis of the charts and explanation. Makes total sense to buy at as close as possible to pivot point and to pyramid into profits.
Law Lindsey