5 Key Tips | Managing Active Positions 💡
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One common issue among traders is not being able to hold positions past a certain profit percent; often impulsively closing positions once in the green and taking larger overall losses. Not allowing plays to run will kill gains just as fast as not practicing risk management
Improper Sizing 💵
Position sizing is personal as each trader has a different tolerance for risk and varying account sizes. Being over leveraged will be the first thing which results in unmindfully closing a valid position. You have to be at peace with the risk before entering
Position sizing is personal as each trader has a different tolerance for risk and varying account sizes. Being over leveraged will be the first thing which results in unmindfully closing a valid position. You have to be at peace with the risk before entering
Rushed Setups ⏳
Taking a trade on a setup off hope or for the simple reason to just be in a trade is a bad practice. Being without a plan on sub-par setups leaves no room for confidence. You must be certain with your intentions and have full confidence in what you plan is
Taking a trade on a setup off hope or for the simple reason to just be in a trade is a bad practice. Being without a plan on sub-par setups leaves no room for confidence. You must be certain with your intentions and have full confidence in what you plan is
Near-Term Expiry ⏱
When taking weekly option contracts, premiums become extremely volatile on underlying movements which can negatively effect your mental state and remove your mind from the chart. Farther out expirations move better than most believe and will be easier to hold
When taking weekly option contracts, premiums become extremely volatile on underlying movements which can negatively effect your mental state and remove your mind from the chart. Farther out expirations move better than most believe and will be easier to hold
Profit Targets 🎯
Similar to trading without a plan, not having set profit taking targets creates confusion. Before entering any trade, you should know where you will be taking first profit or closing a full position. Let the chart tell you when manage profit taking
Similar to trading without a plan, not having set profit taking targets creates confusion. Before entering any trade, you should know where you will be taking first profit or closing a full position. Let the chart tell you when manage profit taking
Past Losses ⛔️
Most traders experience losses when first starting which can weigh heavy on their future actions. It is important to remember that anything that may have went wrong in the past is irrelevant for the present time as long you you can learn and move on from mistakes
Most traders experience losses when first starting which can weigh heavy on their future actions. It is important to remember that anything that may have went wrong in the past is irrelevant for the present time as long you you can learn and move on from mistakes
Check all the boxes, and find that it’s much easier to trust the trading process and not irrationally close positions which are still in the making. It’s unlikely to catch a direct move to your profit target, so have patience and follow the system you know works for you
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