Experienced traders here make fun of iron condors but I have been successfully managing them by hedging so that I am profitable even when vol spikes. I just can’t cut my losses so, I learned how to turn the loss into a profit on the overall position. To each, his own. Trade according to your personality. Happy Trading to all.Risk management is not only amount of stops or where placed. Often times it is negate signals based on chart pattern percentages, news reports, holidays etc. My style of trading is all about percentages and hedging, using the correct hedge can make a losing trade be overall profitable.
