No, smash and grab is all you do you and watch your contracts in real time.
Never stay in a contract over-night, regardless of how sure you are that it is going your way. Like, this week if you bought 6k of 4 tier up "in the money calls" you would have made a fortune but come close of day Monday the wise man would sell the contracts and take their gains. But the fool wakes up and sees the stock gapped 6 dollars higher after close of market. He sees all the money he could have made if he just stayed in overnight, so he discards that rule and starts staying in his contracts over night. He looses 9 times out of 10 but his once in 10 wins keeps him pissing his profits away.
Trading options contracts should be like sticking a tin cup in a waterfall, put it in and pull out quick, you have a full cup of water, who cares if a thousand gallons rush by , you got what you need.
Don't get greedy just snipe steady gains and get out before the time value gets sucked out from under you
No, smash and grab is all you do you and watch your contracts in real time.
Never stay in a contract over-night, regardless of how sure you are that it is going your way. Like, this week if you bought 6k of 4 tier up "in the money calls" you would have made a fortune but come close of day Monday the wise man would sell the contracts and take their gains. But the fool wakes up and sees the stock gapped 6 dollars higher after close of market. He sees all the money he could have made if he just stayed in overnight, so he discards that rule and starts staying in his contracts over night. He looses 9 times out of 10 but his once in 10 wins keeps him pissing his profits away.
Trading options contracts should be like sticking a tin cup in a waterfall, put it in and pull out quick, you have a full cup of water, who cares if a thousand gallons rush by , you got what you need.
Don't get greedy just snipe steady gains and get out before the time value gets sucked out from under you