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Can you Eli5 why buy at ask is the wrong thing to do if you want to buy shares? What is the alternative? Do you mean you should wait/ time buying based on price
by bigfudge 5y ago
Can you Eli5 why buy at ask is the wrong thing to do if you want to buy shares? What is the alternative? Do you mean you should wait/ time buying based on price?
- sokoloff 5y agoI rarely submit market orders (which is what "buy at ask" translate to), even for securities that I know I want to buy. Only in extremely deep markets am I prone to use a market order. What are the alternatives? Limit orders set close to the current range or selling near-the-money puts over and over until you're eventually assigned.