A critical component of a mechanical trade approach includes what to do when tested.
In the segment today Tom and Tony cover how probabilities can be. Specifically, they focus on the step by step mechanics which include:
Three possible actions:
- Close the trade and reestablish in the next cycle.
- Roll the untested strike within the same cycle for a credit.
- Roll the entire trade out in time for a credit.
If you are looking to up your options game, then this is definitely a segment you do not want to miss!