After struggling for many years through losses and inconsistent returns in my trading accounts, I came across a book called Profiting With Iron Condors by Micheal Hanania Benklifa. The book is all about monthly credit spreads primarily using index options on the SPX,...
Are you really serious about your Trading and Trading Strategy? Think about it. Whether you’re a plumber or an executive, you need to make the investment to educate and train yourself so that you will be proficient in your field of work. Some of us have spent...
I made $350 today using $5,000 of margin with a Put Credit Spread. This is my 9th consecutive win this month trading this strategy. In the video I discuss my pre-market review in preparation for my trade. I noted support and resistance areas that are critical to know...
If there was only one golden rule for a trader, it would be this: I must have the humility to admit when I am wrong and take losses quickly before the losses are big! This was not easy for me to adopt. In fact it took me years to consistently take small losses early....
For many years, I was not a successful trader. In fact, I lost a lot of money! After many years of losses, I moved to credit spreads and Iron Condors. My main strategy became selling monthly expiration iron condors on the SPX exchange. I did have some losses at the...
