I am failing to exit properly

JohnDesey

Junior member
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This problem pops up for me sometimes. Probably six times in the last week or so I have had a great profit on an option trade and not exited and of course you guys know what happens next! Profit gone and I have a loss. I know this is greed telling me if I hang on I can make more. I’m gonna implement an old strategy of mine which is to immediately put a limit sell order at a predetermined profit right after I enter a trade. And just let the computer do the discipline work that I can’t seem to do currently. Does anyone else struggle with us?
 
I don’t trade options, but I do the same with forex. Set SLs and take-profits right after entering. Letting the market do its thing helps avoid the emotional pull!
 
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