Option Trading Books

The following discussion about the Iron Condor is not a beginner's book. It assumes the reader knows what vertical credit spreads are and how they fabricate the Iron Condor. In fact, the reader most benefitted by this book may be the one that has traded vertical spreads and iron condors and wants to improve his/her percentage of successful trades and increase profit. Anyone that has suffered the regrettable situation where you lose all or most of the investment needs to know how to avoid the problem. One should set a goal to never lose more than twice the credit. Understand that the Iron Condor has a high risk to reward and plan to monitor and adjust with triggers and a plan of action predetermined when the trade is first put on. The following text should provide the tools, triggers and monitors necessary to be a successful Iron Condor trader.

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