The Secret to Successful Trading is not the Strategy itself. It is the Practice, Development and Repetition that Brings Success!
The Iron Condor strategy can be a great Income Producing Strategy, but most people struggle with it, especially new traders. Why????
They are not sure what to do when something goes wrong with the trade.
They are not sure what strikes to pick.
They are not sure what expiration to pick.
And because of that:
They just slap something on that they see somebody else do.
They are at a loss for managing the trade because it’s really not their trade.
They don’t understand it.
Although this is not a Comprehensive Iron Condor Course, I do want to shed some light on the Iron Condor trade and why it’s worth considering, but more importantly give you an understanding of how average wins and average losses combined with win percentage determines your bottom line.
If you are looking for a comprehensive Iron Condor Course, my "Iron Condor System for Today's Market Course" is a Great Choice.
Ideally when we are selling an Iron Condor, we are anticipating that price is going to go sideways. Now, it’s fine if price goes up a little and then comes back down a little. It’s actually great for that to happen because we want to burn off some time. This trade makes it's money by time passing by and price staying still. And while the market doesn’t necessarily stay perfectly still, it will often gyrate around a good part of the time and stay within a range.
So, could we find a stock or an index that will stay within a range and could we make enough money often enough to offset the risk? That’s the big key is to offset the risk.
Join me in exploring the Basics of this exciting Option Trading Strategy and more importantly, Learn How to Practice and Repeat Your Strategy to Create a Money Machine!
Who this course is for:
New Traders looking to understanding what it takes to be successful before blowing up the accounts
Struggling Traders looking to Learn what it takes to Create a Money Machine and Develop a Reliable Options Income Strategy
Intermediate Traders who want to Understand the Process for achieving consistent, positive results from their Trades
A Tale of Two Careers…. Automotive Electrical Expert / Stock and Options Trader and Coach
Prior to becoming a Full Time Trader, Steve was and still is an ASE Certified Master Automotive Technician. He was the “go to” guy for vehicles with problems that no one else could fix, as well as a Shop Foreman and Instructor of fellow technicians.
After 26 years as a Top Technician specializing in Diagnosing Electrical and Electronics Systems, Steve made the move to Automotive Instructor and spent the next 10 years at a Technical School in NY. There he received a Recognition Award as Top Instructor for being able to get through to students that others thought could not succeed.
Steve feels teaching is about getting the students involved in the learning experience, teaching in a way that lets the students realize “they can do this”, not how hard it is. He is passionate about what he does and takes great pride in every light bulb he can turn on.
Steve has been trading Stocks and Options since 1999. With his passion for teaching, he has been a perfect fit as an Options Coach/Mentor for three Online Trading Education Companies. The Founder and Options Coach at BlueChipTraderDevelopment.com, Steve is available to answer your questions as well as provide One-on-One Online Personal Coaching Sessions.
Years of Coaching new and experienced Traders has given Steve the understanding of what struggling traders need most, clear explanations of the Processes that will lead them to the Success they are looking for in their Trading.
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