Options trading is a great way to leverage more for less, but with a significant risk to reward potential.
I have my rules, your rules might vary:
1- No Same Day option unless a quick scalp for no more than 10-15 minutes.
2- Enter on right Setup, once in profit set trail stop.
3- Once Red, Get Out!
4- Only Very Active Options!
Once in a while I might Swing a position, under very optimal conditions, and then the position must a minimal of 2 week expiration.
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