Does anyone know if buying out of hours usually works out worse or better? By this I mean is the price higher as there are many orders at the same time? I tend to wait and send orders manually but not actually sure if it is necessary.
Iāve read that prices tend to bounce around more near opening (and closing) time, so if you place a market order for opening time, youāre more likely to get a surprise than if you wait until half an hour after opening. I couldnāt tell you from personal experience, as I also always wait until trading is in progress so I have a sense of whatās happening.
@Brap_the_younger but I thought you actually get the live price at 9 or 10am when FT send the order through and not the time you place the order.
@FailedTuringTest yes that is what I was guessing happened but FT place the orders an hour after opening I believe, at least that is what the app implies.
My thought process is I may actually be wasting my time being on the app to place an order if the price can be just as random as me being on manually.
It can be a bargain first thing in the morning though.
I bid the minimum Ā£75 for an ETF and it bought in at Ā£73, which made me very happy. That was just the one share though, and that would be a pain in the butt if youāre going for a big order Iād imagine. I tried to do the same for another ETF but the bid was rejected, and that particular one went up so I had to pay when the price updated.
Iām being hammered by ARBās decline this week. But at the same time I have a new investment (RMM) making up for those losses. You win some you lose some I guess. Investing can be stressful.