A reader named "TR" writes: I’ve been having some trouble in deciding how I should be exiting and/or adjusting my iron condor trades. Psychology plays a huge role in the decision. Look at it this way: Assume you pick a spot where you recognize the risk don’t like that risk and exit the trade. You know it’s the right decision for you. Once the exit trade has been made would you:a. forget about it?b. watch closely to see what would have happened?If you chose "b " that’s not to your advantage. If you learn to make a good decision …
Products
-
Comments on this entry are closed.