Do you have a predefined loss point for undefined-risk losers?

I roll. Even in crude when I'm trapped like a dirty dog!!!

I just roll and manage with the counterparty option

We are trading options .....

I trade small enough

My stupidity! Paid a very high price for that.

Depends upon B/E, suppose we put SL and the MtM loss hit your SL but B/E is intact?

Only if some fundamental thing really change the game for a company i will stick to it

are you referring to extrinsic loss or intrinsic loss

I use price action of the underlying to determine exit point

I wait to long before I close a losing position. Need help to understand the best time to bail out.