/biz/ - Business & Finance

Hi retard here, I have an options trading strategy I'm researching where I allow for 50% loss but cash out at 20% profit and from my limited data points (20) it returned 14% since April. However reading the charts many of these contracts have blown well past 20%, sometimes over 100%, and I can't help but wonder if there's more to life.
So I've been at this with a half-assed spreadsheet and thinkorswim for the last hour and I plan to check other tolerances tomorrow and my question is should I scrap the upper limit and just use like a 40-50% trailing stop?
Also tips on any retard traps to look out for doing the math on this thx.