Bogleheads

[ilan1h]

Is there a recommended method of doing a TLH? I tend to like to TLH on market downturns if at all possible. Currently I start with the ETF that I would like to sell. I look at the bid/ask, and I generally choose the higher "ask" price to set as my limit order. Even though I've chosen a down day to sell this ETF, obviously I would like to get on the higher side of the bid/ask spread since I am selling. The moment the sale goes through I start working on buying the replacement ETF. At this point I do not like to miss the opportunity to complete the sale due to greed. I put my limit order at exactly the lower "bid" (not the higher ask) price. I observe it closely for a few minutes to half an hour to see what it's doing. If it looks like it's veering upwards I will raise my limit to the current bid price. If after a while it looks like I'm going to miss the boat, I simply raise my limit order to the ask price instead of the bid. Generally this will execute the order. Most of the time I execute both orders within a few minutes to half an hour without being hosed too serverely.

I was curious if any one else has other ways of doing it?

[indexfundfan]