A 3x winner on a $3.30 option $620.00 profit per contract
Knowing how and when to take profits is a question I’m always being asked. Once we’ve identified where we are going to get into the trade…
We then need to understand how to manage that setup.
In this video, I’ll walk you through an XLV exchange traded fund setup that delivered a 3x winner. This is an example of when to take profits and, most importantly, how much money to take off the table and at what point. In trading options, it’s essential that you let time work in your favor. Often traders get out too early and miss the opportunities. But this can be avoided!
Check out this video for the step-by-step breakdown of understanding how to take profits.
