Just sharing my noob view. When a trade is going your way, it can be easy to be greedy and assume it will continue to do so. But this will not always be the case. A trade that’s working in your favor can just as easily turn south. There are a million excuses we give ourselves for waiting too long to close your option: “I’m betting the contract will expire worthless.” “I don’t want to pay the commission to get out of the position.” “I’m hoping to eke just a little more profit out of the trade”… the list goes on and on. And so, the results broke my little heart.
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