Iron Condor Placement
By J.L. Lord, Random Walk Trading.
Format: Video Download
Learn the secret Art of making consistent returns trading Iron Condor.
We can’t make money in any direction when using non-directional option trading.
We make money only if the underlying doesn’t move in either direction. Even though it is still considered a directional trade.
We can make money in either direction so long as we understand that the underlying must trade within a narrow range, almost not moving at all.
If you are trading Iron Condors based upon what most courses teach, using this strategy when it comes to trading, the amount that you are making is probably minimal.
The Iron Condor option trade needs a sideways directional as opposed to the normal up and down direction. Predicting a sideways move is as difficult as it is to predict an up or down movement. Where to place condors becomes vital for the strategy success