72: Options Trade Adjustment - How To Unemotionally Adjust Trades That Don't Go Your Way

Show notes: http://optionalpha.com/show72 You've entered a new option trade with a high probability of success - but you also know that a 70% chance of success doesn't mean it's a sure thing. As soon as your order fills the stock starts to move against your position - just your luck right? And each subsequent day the stock continues to trend closer and closer to your strike prices, threatening your position. At this point, you're starting to get pretty emotional about the whole thing and don'...