Today's episode explains why we manage our trades before expiration and how we can use the tastyworks platform to close at a percentage of max profit. When selling options, managing profitable trades before expiration increases the trade's probability of profit, reduces risk, and helps us to use our capital more efficiently.Episode Contents
- Why We Manage Our Trades
- How We Manage Our Trades
About Trading For Newbies
This series will educate you, the beginning trader on the basics of options trading and the tastytrade approach to trading. Our goal is to get you to the point where you will be able to actively find opportunities in the market, enter and exit trades, and clearly articulate what you are doing throughout the process.