For the money I have from the sale of my house that I want to invest in equities, I had thought to DCA in equivalent weekly amounts from 2nd week of June to 2nd week of November.
The first three weeks I invested the price dropped after I bought and it is very depressing. So last week I tried my first attempt at a limit order and it got filled the next day and so far it is nice and green (made a little money).
Now I'm not sure whether to keep DCA'ing at market price each week, or whether to maybe put in several limit orders at once for July, using attractive price limits and see if they get filled. But if they don't get filled, how long should I wait before I buy at market price (since my goal is to slowly invest the money week by week for the next 4+ months)?
I don't actually have the money for August-November because I stuck it in some T-bills and T-notes instead of leaving it sit (though now it looks like the rate on the core position has been doubled so it is at least competitive with a bank saving account, but it wasn't when I started and it is so hard to keep re-thinking where to have the money sit).
I don't know if I could put lots of limit orders at shockingly low prices and then if they get filled could I liquidate the t-notes/t-bills to cover the cost, or would Fidelity not fill the orders if I run out of the available cash?
The first three weeks I invested the price dropped after I bought and it is very depressing. So last week I tried my first attempt at a limit order and it got filled the next day and so far it is nice and green (made a little money).
Now I'm not sure whether to keep DCA'ing at market price each week, or whether to maybe put in several limit orders at once for July, using attractive price limits and see if they get filled. But if they don't get filled, how long should I wait before I buy at market price (since my goal is to slowly invest the money week by week for the next 4+ months)?
I don't actually have the money for August-November because I stuck it in some T-bills and T-notes instead of leaving it sit (though now it looks like the rate on the core position has been doubled so it is at least competitive with a bank saving account, but it wasn't when I started and it is so hard to keep re-thinking where to have the money sit).
I don't know if I could put lots of limit orders at shockingly low prices and then if they get filled could I liquidate the t-notes/t-bills to cover the cost, or would Fidelity not fill the orders if I run out of the available cash?