The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to answer the question, “When is it not worth adjusting an option trade?” I do get this question all the time and I wanted to publish this daily call to talk about it specifically because I’ll go through in this call, three cases or three scenarios in which you would not be worth you making an adjustment to an option trade. Now, what I do find just as a precursor to all of this is that a lot of times, traders are trying to put lipstick on a pig and what I mean by this is that traders get into a bad trade or a bad setup initially and they think they can adjust their way out of the position. But again, most of your success is going to come from the ability to execute and enter trades correctly and what I mean is position sizing correctly, adding a trade that gives your portfolio balance and diversification, using the right strategy. Those things will give you a far greater impact on your performance an