11:25 a.m. New York time
Today is 21 days before my options positions expire on July 19. According to my trading rules, I exit all profitable trades no matter how small the profit.
At this point I have three trades remaining. All are within the price range within which they will be profitable at exit, but they aren’t profitable now. So the rules say I don’t exit them, and hang on until the Monday prior to expiration.
By Tim Bovee, Portland, Oregon, June 28, 2019
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.
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Based on a work at www.timbovee.com.