I get my buy/sell signals from my set ups. I want to take all trades but somehow this does not work and which signals to take and which ones to ignore - I cant get this right. Do you take all signals?
I do set up a trading page but as spindr0 has described in the next post things get murky when you have used the same legs again so I am forced to make up a spreadsheet.This becomes too much work .And then from time to time you have to agree portfolio page with trading page and the spreadsheet.
Thanks. I have not understood you properly, Go back to original page - which page? Trade log lists pages for 5 days only. Do you mean page in daily statement ? Portfolio page lists all open positions. If these positions are listed as originally taded, ie iron condor or strangle and details can...
spindr0
you said
Butterflys have higher profit potential but less safety and the reverse holds true for the IC's.
If ICs have higher safety -that is really what I want. I have yet not understood difference between butterfly and iron butterfly. Please explain. Thanks
I have tried to find some information in the option books. It seems there is a difference between a butterfly and iron butterfly. With IB if I select butterfly combination it will be either all calls or all puts, How can I have a set up with calls and puts combined and execute the order as one...
Sorry -what would that do to my premium income ?
Please give an example with real prices and net profit/loss. I am really interested in this concept and I want to improve from iron condor, Thanks and much appreciated
Thanks for your reply.I have not experienced big gaps on a weekly basis and I only trade ETFs like DIA, SPY, IWM and QQQ
Yes i would like to learn more about greeks. Any readind material like idiots guides? Some book with plenty of examples? Thanks
Advance discussion has taken place on this thread and few things are beyond me to understand. My knowledge on greeks is rudimentary.
I sell IC only on weekly basis. I try to remain far out and advantage with IB portfolio margin is very low $200-500 per position. Cushion on a/c is maintained...
Is Iron Condor comparatively the safest strategy ? Is there another strategy which will come near to this or better than this for premium income? Commision costs are high but overall it is acceptable. Some guidance mush appreciated. Thanks.
ON p and f charts I get several signals during the day, Some signals fail. Difficult to know which one will fail. I had read somewhere on this thread that if you take all signals ,you will definitely end up in a loss.
Is there some way I can take all the sinals and be profitable. Or sure way...
I mainly trade iron condors on ETFs like SPY, IWM, QQQQ. and DIA with 2 points between buy and sell . Is there still a probability that I can blow my a/c? Normally I leave 50% cash unused in the a/c .
Thanks for guidance.
Thanks for your suggestion for 1 box reversal. I have tried 2 box reversal but today I will definitely try one box as well.
Quote tracker gives p and f charts but they donot have perfect square boxes so 45 degree trnd lines are not possible ,
I will look into bullseye broker as well. I...
Thanks dentist for all the encouraging words. I have duplessis book and I am reading at the moment. I have an a/c with IB and to trade EUR.USD on their ideal pro is $2 per pip and I have made some trades there-though not profitable but I am coming nearer,
Who else will allow me $1 per pip...
Thanks dentist , you have kept this thread alive. I have a chance to become profitable with P and F. Please find some other trsources to read if you can . Thanks
Thanks for your input.Thanks for other replies as well.This is a weekly strategy and it may not work with IWM but with some more stable product it has a chance of working.