@jeffh
How to not lose your shirt selling options:
- define risk at trade entry, .5-5% of your portfolio max on a single trade
- leave plenty of dry powder, esp if trading on margin. When the market moves, you need room to adjust
- don’t panic. When things move, it’s tempting to call it quits and pull out at the worst time of max loss. Trade into the storm and be patient.
- check your assumptions. Things change. Do you still believe in your position? If not, close and establish one you want
Nfa, but helped me through a lot of moves that I thought were going to be devastating
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