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REDDIT

Remember to leg out of losing trades

P
Apr 30, 2026 · 14:23

I had a broken wing butterfly in GOOGL for earnings. Long the 367.5 and 380 calls; short two 370 calls -- 2 DTE. Was in for $1.15 credit.

Because of the parabolic move, I entered a GTC trade order which would take me out for a $0.35 loss. This was a mistake.

I had the intention of closing the long call spread (which gained value), and then rolling the short call spread (which was being tested). For some reason, I got scared and traded emotionally. If I had remained disciplined, and legged out of my loser, I would most likely have had a nice little profit.