Should You Use Stop Losses When Trading Options?

In today's video, I'll be diving into the topic of stop-loss orders. Should you use them? Are they always beneficial? Let's discuss the nuances of stop-loss orders and when they might actually work against you. Elmer asked a great question: "Are stop-loss orders a good idea?" While it may seem obvious to always have a stop loss, the reality is more complex.

At the beginner level, stop losses are essential when trading stocks to protect against significant losses. However, as you advance and trade different strategies like vertical spreads, the need for stop losses can change. I'll illustrate this with examples from vertical spreads and single options, showing when stop losses are necessary and when they might not be.

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Blog Post: https://optionsblackbelt.com/blog/should-you-use-stop-losses-when-trading-options/

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