The New CS Board

[Smokey22]

It's hard to be clear. Okay, here is my question then. You said before that you don't use stops on options. So, if you get out with a win, I assume you use a target and exit the trade there.

If you end up getting out with a loss, on what basis have your decided to get out? Since you do not use stops, you do not get out on the basis of a stop. The reason most of us use stops is for getting out when the trade is going against us. What do you use as a guide for getting out when the trade is going against you?

I think this confusion is the reason why someone assumed recently that you were saying all of your trades were winners. They must have assumed that if you had no stop, you had-- and needed-- no guide to get out of a losing trade, so you must not have any losing trades.