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Looking at the chart of $VG Total Stock(VTI.US), the two limit buy orders you set at 338 and 335 are a typical laddered, phased buying strategy. This approach is reasonable in itself, but we can refine it further:
1. First, look at the current position
- Current price: $342.57
- Your buy orders:
- 338: About 1.3% lower than the current price
- 335: About 2.2% lower than the current price
Both price levels are within the recent pullback range (the low on February 5th was around 332), which is a reasonable range for buying on a pullback, not chasing highs.
2. Advantages of this setup
✅ Adheres to the "don't chase highs" principle: You didn't buy directly at 342 but waited for a pullback, which is correct.
✅ Phased position building: A small test position at 338, then adding at 335, avoiding a single large position all at once.
✅ Aligns with recent volatility: $VG Total Stock(VTI.US) is a broad market ETF with low volatility; a 1%-3% pullback is already a good buying window.
3. Areas for optimization
1. Position sizing:
- If you plan to invest a total of 10 units of capital, buy 3 units at 338 and 7 units at 335. This "buy more as it falls" approach yields a better cost-averaging effect.
- Avoid buying the same quantity at both price levels, as the buying power at 335 would be insufficient.
2. Stop-loss/take-profit setup:
- After buying, you can set a mental stop-loss line, e.g., reassess if it breaks below 330 (the recent low).
- Consider reducing 1/3 of the position above 350 to lock in some profits.
3. Time dimension:
- This type of limit order can be set as "Good-till-canceled (GTC)", allowing it to execute automatically during market pullbacks without needing to monitor the market daily.
4. Final conclusion
The 338 and 335 price levels are appropriate—neither chasing highs nor being overly pessimistic, representing steady points for phased buying.
If you want to be more cautious, you can:
- Lower the buy order at 338 slightly to 336-337 to increase the probability of execution;
- Keep 335 as the position for a deeper pullback
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