Do you have an open position and aren’t sure what to do? Ever have a small loss turn into a big loss? Ever have a winner turn into a loser? One common behavior of successful traders involves creating a game plan before placing a trade. Game planning involves thinking a trade through from beginning to end, focusing on both positive and negative outcomes. Join options professionals, Edward (Trey) Jarrell, Robert Kwon and Konstantin Vrandopulo, from Fidelity’s Trading Strategy Desk in this recorded webinar as they discuss having a plan of action for both scenarios which allows you to make disciplined decisions regarding your trades, managing potential profits on winners and minimizing losses on losers.
During this webinar, the presenters discussed:
- Why a game plan is crucial to determine next steps in your trade
- How to create a game plan that is easy to follow and implement
- How your game plan might change, and how to take action as a result