Mastery
·
10 min
When to close, when to roll, when to do nothing
Every open position is in one of four states. The right action depends on which state, not on how the trade feels.
In this lesson
- Winning at target: close
- Winning below target: hold or close
- Losing within tolerance: hold or roll
- Losing past tolerance: close
- Rolling: deferral, not rescue
- Writing the plan before the trade
Read the full lesson in the app
The complete lesson, with worked examples, callouts, and a quiz to test yourself, is in Iron Condor Options.
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