A.I.M Users Group Bulletin Board Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : A.I.M Users Group Bulletin Board

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dataminer1 who wrote (8342)	8/29/1999 6:36:00 PM
From: OldAIMGuy	Read Replies (1) of 18928

Hi Bill, It fits better with my business plan to have the AIM orders place on a "good 'til cancelled" basis. Then I know that the work gets done at the price that I know is acceptable to me for a minimum size trade. At the end of the year, I really don't think it matters much in total return if one trades for the minimums or trades when the price happens to justify action on a periodic basis. In the long run, we'll eventually trade about the same number of shares at about the same average price/share. Mr. Lichello said he was big on updating once per month because he was too "lazy" to do it more often! He does make mention that updating more frequently might possibly make for more trades. He didn't know if it would justify the extra effort, however. As we know, AIM bases its trades upon the value of the equity relative to Portfolio Control. It's not time sensitive but value sensitive. If the values are right, then in good faith to AIM, we should make the trade. I do feel that a "rest period" between trades isn't a bad idea. If we're seeing the beginning of a long trend, then why hurry the next trade? Most times I wait a week to place my next order, however I do usually update the opposing order immediately. (ie. If I sell, I wait a week to enter my next Sell order but update my next buy immediately) With some stocks I wait two weeks or a month. Part of the reason that I like gtc orders is that I'm not an avid ticker watcher. Being mildly addicted to the ticker back in the mid '80s in my own "trading" days, I don't miss it at all now. Part of what makes AIM such a great business plan is that we can have a life beyond the ticker!! I hope this helps in your thinking about the questions raised. Best regards, Tom PS: How soon til we see the new PCA??? :-)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next