04-14-2019, 07:13 AM
I do not roll, to my way of thinking it is but a euphemism. When you roll you are booking the loss and continuing to try and make the trade work. When placing the 2nd trade in a roll situation, I would ask, would you put this trade on if you weren't in it already?
I have a friend who will not let a stock "beat" him and will fight like a dog to scratch the trade. That mentality has not helped his returns and in fact has cost him many superior opportunities because he's tied up in some twisted "battle" with a particular stock. For example he has been rolling ES futures since 11/2016. He is short from 2,100. That's down $40,000 per contract while tying up the margin for 30 months now
I have a friend who will not let a stock "beat" him and will fight like a dog to scratch the trade. That mentality has not helped his returns and in fact has cost him many superior opportunities because he's tied up in some twisted "battle" with a particular stock. For example he has been rolling ES futures since 11/2016. He is short from 2,100. That's down $40,000 per contract while tying up the margin for 30 months now