5 ways to be a better ETF trader
Limit orders, which are set to buy or sell shares of a security at a specific price, are generally your best bet when trading ETFs, Mr. Rosenberg said.
“You want to make sure you have some control over the best execution of the trade,” he said.
The most popular alternative to limit orders are market orders, which simply ask for the best price immediately, but if an adviser is trading a large block of shares it could lead to surprises on just how much the trade cost.
“Take every caution against having a trade issued,” Mr. Rosenberg said. “No one wants to pay more than they think they should.”