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Gumball
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My plan is to trade simple call and put options until I build my account to enough to learn even more complex strategies. I don't see my self moving to the next level until I'm confident at the level I am currently at.
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Its crazy because most of the resources that I have read and learned from never mention the use of stop losses or how to use them to protect your trade. Its the same premise as using support and resistance I assume? I think that is something that I will really dig into more. Are there any resources you could point me to help expand my knowledge?
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Hello everyone, First forum and new options trader for about 6 months or so. I have a question for the long term option traders. How do control your emotion and not exit a trade when it goes against you, but you know the direction you chose is the right one? I have had some winners and loser, but it seems like when I make progress forward take several sets back. I have exited trades to minimize my loses only to wait to get back into it later Any advice would be appreciated.