OPTIONS TRADERS CO-OP

[jmbar2]

YES! Trader psychology tip: Don't look at potential gains. Look at how much you are willing to lose, and when you will pull the plug (exit strategy).

For every trade you place, make a paper calculation of how much you are willing to lose if the trade turns against you. Then pull the plug if it hits that target to preserve capital for another trade.

It took me forever to learn this and understand that it really works. With good loss management, you can lose up to 50% of your trades and still end up profitable.

GLTY