Originally Posted by
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Whichever vehicle you are trading options over, the principles are the same (unless of course you are playing the game with binary options...dont!). There is nothing wrong with the egy you are suggesting in principle. I woudl suggest an amendment to your process described in your first post. You are right to close the profitable leg first but why close that when you are at breakeven on the whole trade. Let it run until there is evidence of it topping out, then close that leg and trail a stop behind the remaining leg to get the icing on the...