SAM is the acronym for locally-known bourse jargon called strategic averaging method. It is a semi-active trading and medium-term approach of investing. Most traders and investors using this strategy are members of Bro. Bo Sanchez’ Truly Rich Club (TRC), a global community that aims to “help good people become rich”.
SAM is a modified version of cost averaging strategy where you buy below prices and continue to buy until target price is hit, in which you sell everything. Most SAM advocates have COL Financial as their stockbroker but there are some non-Truly Rich Club (TRC) member traders who follow this strategy by looking at COL’s investment guides.
COL Financial supports TRC in applying SAM through their EIP ordering method. But apart from the EIP, DAY or ATO (Off-Hours Order), some online stock trading platforms have special ordering features such as Good This Week (GTW), Good This Month (GTM), Good Till Cancelled (GTC), or At-The-Close (ATC).
In the case of COL Financial, they have the GTC and ATC ordering options. Continue reading How GTC Ordering Can Benefit Busy SAM Investors