You Didn't Lock In Gains–You Changed Tables

Most traders think they're "locking in profits" when they close a winning trade. But what if that's just an illusion? In this episode of Thinking In Options, Bill Johnson challenges one of the most common beliefs in trading psychology. Using memorable examples from casinos, blackjack tables, and even driving the wrong way down a one-way street, he explains why selling a position doesn't eliminate risk—it simply changes where that risk lives. You'll learn: Why "locking in gains" is often a misleading concept The hidden danger of thinking in terms of "house money" Why cash is still an investment position How backstories distort rational decision-making A better framework for evaluating every trade based on present probabilities—not past profits Whether you trade options, stocks, or futures, this episode will change the way you think about risk, capital allocation, and the decisions that shape long-term performance. Thinking In Options is hosted by Bill Johnson, Head of Options Education at Market Rebellion, and explores the deeper principles behind options pricing, probability, and market behavior. 👍 If you enjoyed this episode, like, subscribe, and share it with another trader who could benefit from a fresh perspective on the markets. #OptionsTrading #TradingPsychology #RiskManagement #Investing #StockMarket #Trading #MarketRebellion