▲ 1 r/stocks
Broker that let's me set trades based off % of portfolio? i.e. buy as much SPY with100% of portfolio or cash available. Also set a time?
I do index investing and swing trading with many of my positions, with exits and entries happening at the end of the day. For example, on May 15th, I might exit my position in IWM, sell all my shares, and then cycle into the SPY ETF.
The problem is I haven't found a quick way to do this. I have to exit about 15 minutes or more before the market closes, then calculate the shares, etc. I'll buy the SPY then.
If there's a broker out there, I could tell it at 4 p.m. to sell all IWM shares, then buy 100% of my available cash into SPY at 4 p.m./close.
I may be overlooking something here, but it's just a minor annoyance I'd like to automate if I could.
Currently, I'm with IBKR (Taxable), Fidelity (HSA), and Schwab (IRAs).
Thanks!
u/Gousf — 11 hours ago