Iron Condor - Is this the best?

I can't speak for anyone else here, but after re-reading my own comments I really don't think I've said anything rude in anyway to him. He clearly doesn't know what he's doing (and we've all been there when we started) yet he seems determined to pretend he does. That usually leads to one place, trading losses. I'm not trying to be rude, just speaking the truth. Arrogance and stubbornness usually lead to losses.

You are right about one thing though Crayon. It is vital that a trader finds his own way, finds his own techniques that work, even when others will say they won't. This is a skill every successful trader needs to have. The fund I manage trades five different strategies, two of them are often criticized by other traders. That doesn't bother me though because they work for reasons I fully understand.

Having said that, you can't just go around blindly and like I said, jam square pegs into round holes. Some unconventional strategies work, and some are just mathematically unattractive. Your desire to blindly trade Iron Condors without monitoring your entries as the most important aspect of the trade is the latter.

Iron Condors are a great trade, nobody here is saying otherwise. We're simply telling you that the entry is what makes or breaks the trade. Sometimes conditions are great for a good old Iron Condor, and sometimes it's a terrible choice. If you consistently slap on Iron Condors in unfavourable conditions, no amount of management techniques taught to you by some online guru for 49.99$ a month will save you.


Cheers
 
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