MarketMatt Channel
OP
102303390
:
NEVER PAY MARKET. Always know exactly what entry point you’re looking at, I like to underbid, by anywhere from 10 to 20%, so rather than being down 20%, I get the purchase on sale, please confirm you understand what I’m talking about, and on the way out, I like to add 5% to whatever my ask price is going to be
minions365
:
Yeah i tried timing and target but sometimes its so fast and i missed that price. Sometimes i feel it is not yet time to enter and watch for a period and still undecided which is my confidence level and experience not enough.
102303390
MarketMatt Channel
OP
:
So you mean when you want to enter a position at $1, you will place a limit order at $0.80 when the mid price reach $1?
MarketMatt Channel
OP
102303390
:
Close, it means you’re ready to buy an option, it’s one dollar or $100, instead of paying that you said yourself I will put in for $80 and turn off my phone or computer, and there’s a pretty significant chance you’ll get that purchase at $80 rather than $100 so on the way and you’ll already save 20%
102303390 : Hi Matt, when u enter an option trade, do u use limit order or market order?
MarketMatt Channel OP 102303390 : NEVER PAY MARKET. Always know exactly what entry point you’re looking at, I like to underbid, by anywhere from 10 to 20%, so rather than being down 20%, I get the purchase on sale, please confirm you understand what I’m talking about, and on the way out, I like to add 5% to whatever my ask price is going to be
Dont chase high : $Roku Inc (ROKU.US) $Will there be a few chances to rise up 150 next year?
minions365 : Yeah i tried timing and target but sometimes its so fast and i missed that price.
Sometimes i feel it is not yet time to enter and watch for a period and still undecided which is my confidence level and experience not enough.
102303390 MarketMatt Channel OP : So you mean when you want to enter a position at $1, you will place a limit order at $0.80 when the mid price reach $1?
MarketMatt Channel OP 102303390 : Close, it means you’re ready to buy an option, it’s one dollar or $100, instead of paying that you said yourself I will put in for $80 and turn off my phone or computer, and there’s a pretty significant chance you’ll get that purchase at $80 rather than $100 so on the way and you’ll already save 20%
Violets : it's funny you can be good at most of these and bad it just one and it can cost you money