Quote:
Originally Posted by jayswin
All three of my "but it could keep going!!" holds this year have resulted in smaller returns than cashing out as per my strategy.
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Yup, I have targets on my option trades now as it is easy to get caught up in it can only go up. Rode a few to +50-100%, held on and closed +25 to breakeven or a loss.
I personally don't get too bothered if I could have made more money as I flip it into something else. I get more annoyed if I hold on and get hit with opportunity cost even if I close higher at the end of the day, way worse if I close down less than the high.
If you get more annoyed by missing out on gains, have a profit target and scale out. 25% at 50%, 75%, 100%, and 125% etc.