Here is a few rules i have been following for years helped me alot to take my trading journey to the next levels
1 – i up my stop loss to b.e when iam green %10+
2- I don’t sell my winning trades very fast. I always sell in multi stages and leave runners.
3- I always buy one contract before jumping the full size to see the premium and see the setups
4 – I never ever average down on a losing position.
5 – Don’t Marry the option premiums
Option to premiums designed to go to zero, so that don’t be a bag holder and hold forever, you will never be profitable for long term result
6 – never go all in & full port in one trade max size per trade 10% of the port
$10k port = $1k per trade
7 – If I make a good profit from the first trade, I always risk only half the profit for the rest of the day, I do my best to not let green day go red