One of the most best ways that we can improve our overall profitability is by managing our winning trades. This is important because after we have reached a given level of max profit, we still have all of the risk but a smaller potential reward. Additionally as expiration approaches, there is an increased amount of gamma risk so we will look to close our positions early so that we can avoid this risk.
Today, Tom Sosnoff and Tony Battista discuss everything that you need to know around managing winners. The guys explain why we look to manage our winners compare to our losers. They also show you where you can find the probability of managing a trade at 50% of max profit, a proprietary feature of dough! The wrap up the segment by explaining the math behind the concept of managing winners and how you can still be profitable when you take a full loss and have smaller winners!
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