The Easiest Way To Add A Stop Loss When Selling A Naked Put
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To properly manage your risk when selling naked puts, you should be using a stop loss. Here's how...
In this video, you'll see a demonstration of how to attach a stop loss order when selling a naked put on the Interactive Brokers TWS platform.
Stop loss orders protect you from losing more money than you need to if a trade goes against you.
When selling naked puts it's extremely important to use a stop loss order otherwise you will be entering a potential max loss scenario.
It's okay to be wrong on your trades, a properly placed stop loss allows you to be wrong and still keep trading.
The best part is that you can set the stop loss at your acceptable level of risk. That may be a 10% loss on the trade, 20%, even 50%.
I show you how to adjust this risk level in the Interactive Brokers TWS platform and it only takes 5 additional clicks to set up your stop loss when
selling a naked put.
Enjoy!
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Disclaimer: I am not a financial advisor, this material is for educational purposes only. Please do your own research before making any investment. This video is not sponsored but some links above are affiliate links. They do not cost you anything but I may make a small percentage if you choose to buy a product.
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