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Closing Options Early

If a trade is going against you, you need to learn when it’s time to get out and take your losses instead of letting them stack up against you. This is something you should integrate into any trading method you create—you always need to have rules for deciding to enter a binary options trade and rules for when you’re going to exit your trades. Those rules should be tested using historical data, and then demo tested using virtual money, before you ever go live with them.

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