Common mistakes of option trading:
1. Not having an exit plan
2. Trying to make up losses
3. Trading options with no liquidity
4. Sizing options like a commons trade
5. Hoping for high % gains on every trade
6. Letting one loser wipe out all your gains
Days like today are where I see new traders wreck themselves.
Make money when trading is easy in trend, then give it all back trying to force trades in chop.
Not every session is made the same. Keeping gains is harder than making them
@Penny_Lane_BBM@98_tennis Yeah that hurts. That’s where I am in my trading… I know how to make money on a trade, just not how to keep it when I’m wrong. 😣