There are many profitable option trading strategies, but none of them will work unless you are willing to stick to a set of guiding principles. Several rules I employ are helpful in maximizing profits, limiting losses and, most importantly, taking the emotion out of trading.
Below, I will go over my basic trading philosophy, why I decide to take profits or cut losses when I do and how these decisions can be used to limit risk.
The post Eight Easy Tips That Can Turn Your Trades From Losers to Winners originally appeared at Investors Alley.