Hi guys!
This iron condor is 3 weeks and 8% strike.
Our short strikes are 118 and @138, 1$ spread.
Our succes rate is 78%, so we have a reward /risk = 100-78/78 = 22/78 = 0.28.
I went in getting 0.33 credit, so max profit is 33 and max loss 67.
RR is 33/67= 0.49, much higher than 0.28.
Enjoy your wallet!
Tari.
This iron condor is 3 weeks and 8% strike.
Our short strikes are 118 and @138, 1$ spread.
Our succes rate is 78%, so we have a reward /risk = 100-78/78 = 22/78 = 0.28.
I went in getting 0.33 credit, so max profit is 33 and max loss 67.
RR is 33/67= 0.49, much higher than 0.28.
Enjoy your wallet!
Tari.
Trade closed: target reached
Max Profit!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.