Using stop losses may be one of the most important factors when trading options. These allow you to limit your trading losses from going against you and give you ultimate control of your profits. In this video, we will discuss why you should be using stop losses in EVERY options trade, how to select your stop loss amount and some examples in Robinhood and Webull.
(0:40): Why you should use Stop Losses
(3:44): Types of Options Stop Losses
(5:50): Setting Stop Losses In Robinhood
(6:30): Setting Stop Losses in Webull
(7:00): Where Should You Set Your Stop Loss?
(8:30): Can You Use Stop Losses On Options Spreads?
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