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Successful option trading rules to follow
1. Have a plan for buying or selling any trade you make.
1. Have a plan for buying or selling any trade you make.
· 2. Establish
in advance your profit goal and if it is reached, take your profit. Don’t get greedy.
· 3. Determine
the worst-case scenario on the downside. If your position hits your downside
mental
stop-loss, sell your position.
stop-loss, sell your position.
· 4. Don’t
expose yourself to further risk. Preserve your cash and live to invest another
day.
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