Don Bright
Bright Trading, LLC
Registered: Oct 2001
Posts: 11698 |
06-09-12 05:28 AM
We're supposed to be called "traders" for a reason. What was your expected return on the position? More importantly, take profits when the market gives them to you ....based on your own, personal, drawn out graph of price movement and days until expiration.
So many get caught up in the minutia of options. Options are so simple, just let them be. You're still guessing on vol and direction, but who cares...if you happen to pick something that worked, then take a profit, or as I teach my people, take half the position off. If you do that, you're always "happy" - if it goes against you, you're "happy" you took half off....if if goes your way, you're "happy" you only took half off....either way, "happy" .....got it?
All the best,
Don
__________________
Don Bright (not an alias)
Bright Trading, LLC
http://www.stocktrading.com
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There is no one size fits all policy, if your view of the market changes then adjust your positions to reflect that.
