Here is a tough question. Do you always obey your stops? If you do, or do not, why?
I will start out this with, I do sometimes obey them and sometimes I do not. The reason is because, if I have conviction on a trade, and the r/r is still good, I will hold. It& #39;s a game time situation. Crude, stops. ES, might stop. A stock, def no stop, all depending...
Option trades are in another realm. I definitely try hard not to ruin a winner. Because, spreads and vega is ephemeral. You need to cull and reap. It& #39;s just a function of not letting a good trade go bad, time and vol are massive factors. Sands in the hourglass.