091: Craig Scott – Trading Fundamentals, Sentiment and Events, and Why Conviction Matters
Chat With Traders
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The Free Rule in Options Trading
If you feel as though there's a chance that the price may move more in your favor, are you ever going to leave part of a position on? Yes, I call that the free rule. There are times if I still feel it hit my trigger point, but I will always take money off the table when it hits those points. You have to be strict with that because too many times, especially in options, the market gets fluid and the market gets fast.
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