By Eric Reed Clarifying your options helps remove emotion from your trading decisions, Real Money Columnist Paul Price says. No matter what your trade, when things go well you generally have a problem: When’s the right time to close out? If you exit a position too early you can lose out on valuable gains. Hold on too long, though, and the market can turn around and take your gains away. It becomes even more complicated when it comes to options contracts, where you have a defined end date alongside the chance to close out early if things are looking good. “I frequently get questions asking how …