Johnny Trades - August 10, 2018 - Don't Hindsight Trade

published 1 week ago by tastytrade, Inc.

New traders tend to look back on positions, specifically closed winning positions and say "I could have made more!". But what about those trades that went from winners to loser? Nick uses his Johnny portfolio to demonstrate why we manage winners. Po...

So I've got I'm calling this don't hindsight trade I've been getting a lot of questions on the support desk of like you know why are we managing at 10 or 20 percent and even if we get it in you know a couple days like why are we holding for 50 percent why do we even manage winners in general and so you know I want to mention is the general because the math question. Right now I'm gonna I'm gonna show you on the next slide kind of what we've been looking at Bob in terms of the positions that close so far and just kind of talk about those a little bit so if you want to pop over to that first slide. So these are all the positions that I've taken off so far that we've place in the last couple weeks and you can see it you know you you always the other day emails I get are like well the the position I took off for $50 is now a $55 profit or $60 profit and ...

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