But it is important to recognise that the market can be irrational longer than I can stay solvent so I am looking to drip feed money in on a weekly basis. I am looking currently to put buy orders in for about £15,000 a week. This can be one buy or 3. My normal minimum buy is circa £5,000 and £15,000 allows me to do 3 of those or buy into an existing position that I have become more confident in.
I have already encountered some difficulty in this. I tried today to place 3 orders. One for BVS was executed the other two did not go through. They were both rejected on the grounds that the amount I wanted (£5,000) could not be traded at the price I was being shown. But they could be traded for a lot more. In the case of one company it went up briefly 4% after my £5k bid. I refused both higher prices as I don't believe they reflect a fundamental on the company but are a market maker looking to profit from me by hiding behind a volatile market. I have set a limit order.
Price is what you pay, value is what you get. My suggestion to anyone at the moment is be very aware of the price as I believe market makers are looking to benefit more than they normally do buy flexing spreads to catch the unwary.