When to take a loss?
Hello. I have been trading options for about 5 years now. I done decently. On the other hand, I still have a hard time walking away from my losses and sometimes they really do bounce back. But of course, sometimes they really go to zero too. 🤣🤣🤣
I buy mainly 3-6 months from expiration date with some LEAPS and such. I try to have at least one earning cycle before expiration.
Anyhow…. Please share when you cut your losses and why. Also, how has that worked for you?
u/LotsofChingChing — 8 days ago