Hi guys,
according to my strategy we have 4weeks 15% strikes, 93% probability of success.
For this Iron condor with 5$ spread for each side there is a max profit of 100$ and a max loss 400$: if you are new in Iron condor you should find this R/R ratio very poor compared with forex, but we have very high odds at our side! 93% to get the maxim profit, plus 5$ extra on both sides (the long legs) before to get tha max loss. If the weekly candle closes over the short strike we close the trade, for a loss lower than max loss of 400$.
I prefer a strangle this time, max profi is 250$, and if things go wrong I close the trade for a max loss of 800$, getting a better R/R ratio, always with a 90% of max profit!
Enjoy your wallet!
Tari.
according to my strategy we have 4weeks 15% strikes, 93% probability of success.
For this Iron condor with 5$ spread for each side there is a max profit of 100$ and a max loss 400$: if you are new in Iron condor you should find this R/R ratio very poor compared with forex, but we have very high odds at our side! 93% to get the maxim profit, plus 5$ extra on both sides (the long legs) before to get tha max loss. If the weekly candle closes over the short strike we close the trade, for a loss lower than max loss of 400$.
I prefer a strangle this time, max profi is 250$, and if things go wrong I close the trade for a max loss of 800$, getting a better R/R ratio, always with a 90% of max profit!
Enjoy your wallet!
Tari.
Trade closed manually
The price moved up stronlgy 1 week before exp. I closed the position manually, accoridng to the strategy, cutting the loss around 50%
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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.