Strangles – What are they and How do we Trade Them? Strangles are the only uncapped risk, limited reward strategy we trade. As a result we are highly selective about how we trade Strangles. We base our strangle trades like we place our probability based non-index and Broken Wing Iron Condors. We use probabilities and […]
2/8/2019 Weekly Recap and Look to Next Week. The good news is we were eventually right about the market being over bought and going to pull back. The bad news is we were off on our timing. Which resulted in us rolling our SPX Iron Condor the day before the pull back because our Calls […]
HD – 9/05/18 – Iron Condor On 9/5 I decided to place an Iron Condor trade on HD. HD was trading at $204.27 with an implied volatility rank of 13, not great but I decided to go with it anyway. When I placed the trade I had a 60.5% probability of success if I held […]
SPX – 07/31/2018 – Iron Condor I started this trade looking for an Iron Condor, I entered the Put side first and was filled in about a day. Next I entered an order for my Calls but … I was never able to get filled at a level I was comfortable with. SPX was trading […]
Trade4Profits: Watch Me Trade 2 Watch Me Trade 2 is a continuation of our first Watch Me Trade book. This time we show even more trades including a focus on range bound high probably trades such as Iron Condors and Broken Wing Iron Condors. This trading journal focuses more heavily on these strategies than our […]
Trade4Profits: Watch Me trade There are lots of books out there on trading but how many of them teach you as well as let you study real entries from a traders private trading journal? In my book, I let you look over my shoulder as I trade covered calls, diagonals, butterflys, credit spreads, debit spreads, […]
Trade4Profits – Shortcuts to Profitable Trading This is our first book giving you an introduction to the way we trade and why. Shortcuts to Profitable Trading helps new and experienced traders learn techniques for profitable trading. Based on our over 20 years of experience trading equities, options, forex and commodities. Use Options to generate substantial […]
EWZ – 9/4/18 – Iron Condor Saw a quick opportunity to get into a high probability trade on EWZ. The implied volatility looked good and the chart supported my short positions. On 9/4 I sold the 10/19 $37 Call and purchased the $40 Call to cover it. At the same time I sold the 10/19 […]
In 2016 our overall success rate was 65.52% In 2017 our overall success rate was 66.67% In 2018 our overall success rate was 71.11% In 2019 our overall success rate was 62.61% In 2020 our overall success rate was 73.41% In 2021 our overall success rate was 69.77% In 2022 our overall success rate was […]
I placed this debit spread as C was bouncing off of support. Initially I had not planned on being in the trade that long. I thought it would bounce up quickly. Took longer than I had hoped but was still able to get out with a good return. When I entered the trade C was […]
