ETF Pairs Arbitrage by B.W.O.

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Mehul_M

#1
Hi Beau,

In response to your email to subscribers, I have some questions:

1. Is my understanding correct that the best time to place a buy order is at exactly 9.30 AM Eastern (market opening time)? Or is it that one can place an order any time during the trading day (e.g., 10 AM, 11 AM, etc.) but just not before or after market hours?

2. If 9.30 am is the best time, there will be times when I may be otherwise occupied (e.g., at work), and unable to place an order. In that case, what do you suggest? Place it as soon as possible afterwards? Place a Market On Open order in advance? Or should I think about having a full service broker who can execute the trade on my behalf at 9.30 AM? (I'd have no other reason to use a full service broker.)

Thanks,
Mehul
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B.W.O.

#2
Per 1, correct, placing market orders between 4:15 pm and 8 PM EST as a market day order will let the order "sit" on the broker's server and be filled at 9:30 AM when you should trade. That's why WL says it only takes 5 minutes to do a Wealth Signal per day.

2) You should always find time there's plenty more than 16 hours almost.
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B.W.O.

#3
And, as I said, placing a MARKET DAY "ORDER MOO" MARKET ON OPEN IS NOT RECOMMENDED!
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Mehul_M

#5
I'm sorry I don't understand. If you can clarify:

1. What is the 16-hour window you mentioned, when you recommend placing a trade?
2. What type of order should one place? When the markets are open, I assume, a plain vanilla market order?
3. When markets are closed (if the window is 16 hours, markets will be closed for part of that window), what type of order do you suggest?

Thanks
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B.W.O.

#6
1) If you get a signal the day before at 4:15 to 4:30 PM to immediately place a 2) MARKET DAY ORDER ( THIS ORDER WON'T EXECUTE UNTIL 9:30 AM EST APPRXOIMATELY 14 HOURS LATER!) 3) MARKET DAY ORDER. CIRQUEMENATONENODA.
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