> For the complete documentation index, see [llms.txt](https://docs.nftbutler.io/nft-butler/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.nftbutler.io/nft-butler/more-resources/best-practices.md).

# Best Practices

## Bidding best practices

* Pick rare traits which are still well in demand by the community. You can check the sales stats as well as the trait floor price history one each trait.
* Define your risk and make sure you can still profit even with the maximum bid price.
* Patience is key, you might not always be the highest bidder but you can still end up there when other bids are accepted or expired.
* Use [**Maximum active bids**](/nft-butler/setup/security-features.md#maximum-active-collection-bids) & [**Asset Limit**](/nft-butler/setup/security-features.md#asset-limits) on CTOs to ensure you're not exposing to much liqudity at the same time.
* Use the built-in [security features](/nft-butler/setup/security-features.md)
  * Always set **hardcap bid price** to put a red line when bidding relative to the collection floor price (percentage)
  * Work with **trait floor and/or collection floor caps** in case of dropping floors.
  * Use the max **# assets limit** to make tasks stop if your wallets are owning the maximum amount of assets already
* Use validity times of 10-30 minutes on CTOs and something between 1-6 hours on token bidding tasks (depending on the size of the task, usually we calculate 1 hour per 1000 bids)
* If you want to sell an NFT it's worth engaging with the **Discord community** to find a potential buyer if it wasn't taken of your hands already. Sometimes patience is key here too to wait for the next buyer instead of dropping your profit margin.