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Alias Born 07/21/2005

Re: Barbados Shawn post# 73960

Thursday, 08/18/2011 12:55:59 PM

Thursday, August 18, 2011 12:55:59 PM

Post# of 77456
Nice job.

I am fairly new to options as well. I've been trading for a while but started trading options this year.

I have found the most important decision I made that has helped me trade unbelievably better is to always have a plan. I ask myself questions like 'Why am I selling/buying here? What are the possible scenarios that could happen? How am I going to react? When am I going to exit this trade?'

I find that if I can answer those questions before I enter a trade, I do much better. My emotions stay out of it as well if I have a plan.

Congrats on those Aug 110's

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