By Steve Liguori, Instructor - Course Developer
Options Trading - Creating an Income Machine - Selling Iron Condor Basics
How Risk, Reward, Average Wins, Average Losses and Probability determine Your Bottom Line.
Are you familiar with the Iron condor strategy for trading? How has it or other option trading strategies been working for you so far? If you want to learn the strategy or to improve your results using it, join this course and discover essential tips to proceed in your trading career with more confidence. You have to have an understanding of how risk, reward, average wins and losses play into a successful trading system. This course is about finding ways to create a winning trading system.
Why is it worth learning the Iron condor strategy?
Successful trading mainly depends on experience and practice. And yet without option trading strategies that you can trust, you may quickly lose interest (and money) to keep collecting that experience! Iron condor is a great income-producing strategy, but without a proper introduction to it, most people struggle with Iron condor options, especially those who are new in trading markets. Why? Because they don’t know well what to do if something goes wrong. What they tend to do is following somebody else’s actions hoping for the best. So my mission is to shed some light on the Iron condor strategy.
When used with knowledge and confidence, you will gain an understanding of how average wins and average losses together with win percentage have a determining effect on your bottom line.
What can you expect to learn in this course?
This Iron condor strategy course is divided into two main parts. Part 1 will introduce you to the strategy from the most basic level, and I’ll explain to you about high probability iron condors. You’ll get an easy to follow and understandable presentation about how likely are Iron condors to bring money to your wallet.
In the second part, we’ll start talking about variations of Iron condors and actually build a trade using the Iron condor strategy. I won’t leave you without any reference to what your next steps should be once you finish the course.
When you learn Iron condor strategy, you’ll be able to earn money by time passing by and price staying still. I’ll explain to you how to make the best use of the stocks or indexes that remain within a range and how to make enough money that could offset the risk. These are elementary things you must know when trading Iron condor options.
Learn a valuable strategy and implement it immediately when you trade!
With this course, you’ll be able to build a winning trading system that will match your comfort level and market availability. Go on an expand your array of money-making tools in trading markets, and let me know your success story!
By the way…
Did you know the origin of the name of the strategy that you’re going to learn? The profit/loss graph of the Iron condor trading position resembles a large-bodied bird. The word iron shows that the trading position is formed by employing both calls and puts. That means a bull put spread and a bear call spread work in combination. Thus, Iron condor!
Course overview - 10
Iron Condor Introduction
High Probability Iron Condors Explained
Can High Probability Iron Condors Make Money?
How Do I Get Good at This?
Iron Condor Variations
Building an Iron Condor Trade
Comparing Iron Condors with Different Expirations
Sample Iron Condor Trade
Sample Iron Condor Trade - Results
Summary and Next Steps