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Road Trip

  1. What do you think is the best way to deal with a down market while trading a Road Trip trade?
    Reverse Harvey?

    I mean when the market falls just take profit on the longs and buy new ones closer to the short strike?

  2. Close all long position and rollover short position for one month. And Keep rollover next month ...! Or just take the loss and start a new trading position!
  3. It depends on how fast the market is going down and how close the trade is to expiration
    Normally if it goes down slowly you could just take the profits
    If iit goes down fast you can just manage the losses by closing or reducing the short verticals and let the longs run I would not close the longs and move them closer as the market usually snaps back from a short selloff and than you get whipsawed and loose on both sides