I think for the option trades, even though for 1st entries I
show 1 contract on the website, remember I only do that for
simplicity because I double that for the 2nd entry, and 3 options
for the 3rd entry. If one has the capital to do so, best to do say
2 options, or 4 options, 6 etc basically sticking to that 1,2, 3
format for 2nd and 3rd entries.
On the 1st entry so that if you are one that likes to scale out
to reduce risk or it helps your psychology to do so, then you can.
If you have only 1 option you can't scale. That's how I role
personally, it's not really better in the long run, I think profits
are higher one just stays in for the final exit, but for me I like
peeling something off so personally I do more than 1 option. Again
whatever fits your risk profile and account size
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
I think for the option
Just an observation …. The SPY option only a point ...
Posted by matt on 14th of May 2021 at 09:49 am
I think for the option trades, even though for 1st entries I show 1 contract on the website, remember I only do that for simplicity because I double that for the 2nd entry, and 3 options for the 3rd entry. If one has the capital to do so, best to do say 2 options, or 4 options, 6 etc basically sticking to that 1,2, 3 format for 2nd and 3rd entries.
On the 1st entry so that if you are one that likes to scale out to reduce risk or it helps your psychology to do so, then you can. If you have only 1 option you can't scale. That's how I role personally, it's not really better in the long run, I think profits are higher one just stays in for the final exit, but for me I like peeling something off so personally I do more than 1 option. Again whatever fits your risk profile and account size