I looked into this site from time to time during the last 2 years and just today gave me a push to use it as a journal and maybe even write what errors I made during the years. 11.1.06 Bought to open b/o ADVNB @ 32.45 (my average purchase price) b/o KB @ 74.22 b/o SBS @ 17.40 b/o AYI @ 35.92 In case somebody should ask: I select my stocks using a combination of various screening parameters (don't ask, I already own some other stocks (but think it is best to start my journal "near" realtime. I usually buy between 9.30 and 10.10 and hope to post my entries shortly afterwards (it's the other way round to some journals...). The holding duration can be between 1 (rarely) to 60/80 (rare too) days, most make it 1-4 weeks. Most of the stocks I buy are not huge volume stocks (min. 50k) and the spread might be up to 0.7 % or more therefor I try to get between the bid/ask. I also look at recent history to figure out if the stock tends to weaken after the open. As far as I recall once every 7 or 8 operations the price heads north and I end up with a much higher price than if just tried a ask+ limit with reduced displaysize (IB'sTWS). I remember reading, if you want a stock buy it at the market (if I close I more often use market orders)... Are there people around with more detailed studies regarding this problem (I know there are? Maybe I try a poll.. Entering a position I would if forced use: 1) MOO 2) tight limit scale orders around the expected open 3) tight limit scale orders around the expected open + later e.g. 10:05 next bunch of scale in bid/ask 4) fixed time orders, e.g. 9.35, 9:48 etc. 5) just wait and see what I can get As I only can vote for one I'd go with 3 Greetings, Mike