The logic of taking small option is very simple.
If the direction is right, even small option will become quite big BUT if the direction is wrong, even big option cannot save you. In fact that will be disastrous. So, it is always better to trade in small options
We have to just avoid losing big. Profit will come eventually inevitably
Even Charlie Munger used to say…we have to avoid wrong decisions. It is not critical to take lot of right decisions to be super successful. Ask we have to ensure is that we don’t do anything stupid or don’t do too many wrong things. Once that is ensured big success comes sooner or later. We have to stay in the game long enough.
Also, since fear factor is not there one can hold without panicking
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