Iron Condor Adjustments – Scary, Scary Stuff

by Ted Nino on September 5, 2010

There are two faces to the iron condor. And thankfully for all us iron condor traders – neither face belongs to Barbara Streisand. However, on second thought – it might be even worse…

Usually when the iron condor and the new option trader meet, the iron condor comes across as this amazing beautiful trade – a holy grail type of method that almost guarantees success with every single trade. A spread that only takes a few minutes every month to put on and manage – and one that spits out consistent cash like a broken Las Vegas slot machine.

Of course, new option traders go gaga over this strategy – and who could blame them. It seems to be a trade that’s almost too good to be real.

And sadly, sooner or later (mostly sooner) they discover that it IS too good to be true.

But it doesn’t have to be that way.

See here’s the deal: The iron condor actually IS a pretty incredible trade. It CAN take very little time to manage. And it CAN produce some very consistent and truly outstanding and impressive returns.

It’s that most new option traders don’t take the time to really learn and understand this strategy. If they did, they would become aware that the trade has two faces – or two sides if you will – and one of those sides can be quite dangerous – that if is not managed and handled correctly can deliver some pretty ugly losses to a trading account.

It all has to do with the iron condors risk to reward ratio – which can give off small win after small win after small win – hypnotizing us traders into complacency – then suddenly out of the blue (again, if you don’t know how to make proper iron condor adjustments) smash us over the head with one huge loss utterly destroying our account.

But again – it doesn’t have to go down this way. The iron condor can be tamed – and trained – to produce consistent and reliable monthly income – even through the occasional one or two tantrums and fits it might throw around every year. The key is to learn how to correctly manage these trades from the get go – from the day they get put on – AND – how to utilize the various iron condor adjustments that are available to keep these trades profitable and from getting out of hand in whatever market condition. Learning iron condor adjustments is the KEY.

Looking to find the best deal on iron condor adjustments, then visit to find the best training on how to trade the iron condor for monthly income.

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