Do you follow the same pattern for every trade?

One of the major mistakes made by investors is not keeping the same pattern on every trade. In other words, you need to have a strategy that you use on every trade so that you can see if it’s a winning strategy. If you constantly try to time the trade you’ll have a tough time. 

An example would be selling calls and trying to buy them back. In most cases we advise against that strategy. Now on occasion you may see an opportunity on an abnormal day, one where volatility is very high, but for the most part you sell the call in hopes of getting called away to maximize profits.

As always consult your advisor before investing of any kind. Options are NOT suitable for all investors and people can and do lose money. We give no warranties or guarantees regarding our opinions. INVEST AT YOUR OWN RISK

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