Bullshit Free Guide to Iron Condors - Options trading IQ

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BEST OPTION BROKERS There are a HUGE number of brokers to choose from these days, so I won’t detail them all here, but here are some of the major players. Out of the below list, I have heard good things about the ones shown in bold. I would stay away from E*Trade, I had some horrible experiences with them a few years ago. Interactive Brokers Optionshouse Charles Schwab E*trade Fidelity Firstrade Just2trade MB Trading Merrill Edge Optionsxpress Scottrade Sharebuilder Sogotrade Speedtrader TradeKing Trademonster Vanguard Wellstrade Zecco Personally, I use Interactive Brokers and they are fantastic. I also have a paper trading account at Optionshouse and I use their analytical tools quite often. Homework Assignment: Think about your current broker. Are they giving you the best service, execution and price that you can get? If not spend 1 hour researching some of the brokers above and think about switching accounts 8
TRADINGG JOURNAL CRE EATIN NG A TRAD DINGG JOUURNAAL ANND TRAD T ING LLOG Having a trading plan would have to be th he most underest timated aspect of f trading, but a close second woulld have to be havving a trading journal and trading log. If you're not recording, re eviewing and ana alyzing your trades, how can you expect to know what works and what doesn't? A trading journall and trading log are vitally immportant if you want to develop as s a trader. A tradingg journal is where you write down your thoughts on the market ea ach week. You shhould include things like what happened during thhe week, what were w the news worthy items and a how they af ffected the stock ks in your watchl list, how your traades performed and any emotioonal responses yoou felt and also any potential trades you are looking at. By doingg this you will bui ild up a database e of information that t you can refe er back to at a latter date. This will help you when you come acrosss situations that you have expperienced in the past. For exampl le you may have a particular trad de go against youu, so you can loook back and see hhow you reacted in similar situations and whether your decisio on making proces ss was correct. Th his type of analysi is leads to better, more informed decisions in the future. 9
Page 1 and 2: BULLSH*T FREE GUIDE TO IRON CONDORS
Page 3 and 4: Table of Contents Connect………
Page 5 and 6: CONNECT WITH OPTIONS TRADING IQ Fac
Page 7 and 8: WAY too many index calls for my exp
Page 9 and 10: TRADING AS A BUSINESS The most impo
Page 11: CHOOSING AN OPTIONS BROKER Whether
Page 15 and 16: WHAT IS AN IRON CONDOR The Long Iro
Page 17 and 18: PUTTINGG IT ALL TOGETHE ER Placing
Page 19 and 20: WHY IRON CONDORS ARE THE BEST STRAT
Page 21 and 22: Overview IRON CONDOR TRADING PLAN T
Page 23 and 24: Money Management Rules Rules for Le
Page 25 and 26: ENTERING TRADES IN YOUR BROKERAGE A
Page 27 and 28: For what it's worth my preferred me
Page 29 and 30: WEEKLY IRON CONDORS Another variati
Page 31 and 32: Date: Deecember 12, 2012 2 Strategy
Page 33 and 34: ADJUSTING IRON CONDORS Despite what
Page 35 and 36: VOLATILITY IS YOUR BEST FRIEND Lear
Page 37 and 38: From the above table, you can see t
Page 39 and 40: To now wwork out the Pro ofit and l
Page 41 and 42: HOW TO CALCULATE ROI ON IRON CONDOR
Page 43 and 44: MANAGING THE RISKS One of the first
Page 45 and 46: • If you use a Stop Limit, you sp
Page 47 and 48: 10% of the monthly income I am gene
Page 49 and 50: TOTAL NET CREDIT RECEIVED = $940 Th
Page 51 and 52: position. However, if the Flash Cra
Page 53 and 54: Very interesting here what a 20% ri
Page 55 and 56: WHAT ABOUT THE RISK OF EARLY ASSIGN
Page 57 and 58: OTHER THINGS TO CONSIDER REGARDING
Page 59 and 60: RECOMMENDED READING There are a cou

Bullshit Free Guide to Iron Condors - Options trading IQ

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