How do you manage the emotional side of trading SPX?

This question is for Jeff and everyone else trading SPX.

When your position is tested, like today with SPX at 3961 and short calls at 3970, how do you manage the emotional side of trading?

I usually close the trade early for a small loss, but most of the time miss out on a winning trade.
I think, it is a purely emotional response, but should be avoided in trading.

  • Do you stick to your plan and close early, or hope for the best and see what happens?
  • Is your approach different for Calls vs. Puts?