• Break even is better than loss. Be up earlier to finish game plans well •
- Break even is better than loss. If you are in the money & past a level there is generally no good reason to let such a trade become a big loss, don’t let greed rob you of green.
- You need to be up a bit earlier to have your game plan more thoroughly established so you have time to think & regulate before market open.
- Be cautious going long when overall market is trending down or in a deliberative state.
- You need to account for imperfect entries when determining your risk to reward ratio during game plan.
- You need to understand & account for the affect IV will have on the option price and try to be on the right side of it.