As an options investor I try to get filled at the midpoint betrween the bid and the ask, certainly a limit order. I then set limit orders to get out. I predetermine the amount of profit I want from a spread at 33% set the limit and forget it. If the position is risky I pick a loss level to get out instead. But thats much rarer, and usually for longer lifespan options. I could kick myself for not doing this with alts. I always want to add to my stack now. I am learning to be more patient, and I think this is wise advice. trying to time the market is difficult for most, and even Warren Buffet says he doesn't try, so why would I? :)
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