Defending a trade is a key part of our tastytrade mechanical trading approach. Many times our management techniques can make the difference between a winning and losing trade.
On the second episode of our new Mastering Management segment on the Ryan and Beef show, we cover all the bases.
Today, Beef and I are discussing the use of weekly options to reduce cost basis, our approach to undefined risk trades, and why it's crucial to keep track of our position deltas when making adjustments.
Follow us on Twitter!