Learn To Lock In Profits

Author: Morris Puma

Don't Let Your Profits Slip Away

Locking in profits is one of the most difficult and most integral parts to trading options successfully. However, we have developed techniques over the years to lock in profits on most option strategies.

"When I have a profit on a Broken Wing Butterfly trade, I make an adjustment which locks in my profit but still allows me to stay in the trade and make even more. The profit is mine forever, and there is pretty much no way I can lose it. This type of trading has greatly improved my personal trading, and I love teaching it to my students. I've developed similar techniques for many strategies that I use. This to me is one of the best things any options trader can learn to do."

I said that years ago and it still holds true.