When trading options, there are a multitude of available strategies. When choosing one (or more) to trade, it is imperative that the trader understands how to initiate the trade, manage risk, and have a solid understanding of when to exit.
There is much to learn and it takes time. I know that I offer a good explanation in The Rookie’s Guide to Options and that there are people – some very qualified, others not so much – who sell courses on trading iron condors. This series is not an attempt to compete with anyone. In fact, I have no intention of offering a complete soup to nuts description of the strategy, including all that I know about it. At least I cannot offer it free. However, there is no reason not to begin the journey.
Part 01: decisions that must be made