Iron Condors
Iron Condors offers a solid introduction to risk management for iron condors. It offers guidance that allows you to develop good trade habits and an intelligent way of thinking about trading. We all learn as we gain experience, but some experience can be destructive when mindsets that are dangerous to your longevity as a trader become habitual. This book helps you avoid developing those difficult-to-break mindsets. This book is not just a "how to" book—it shares Mark Wolfinger's philosophy on iron condor trading and ideas on how a winning trader thinks. Iron Condors' goal is to offer guidance that allows you to develop good trade habits and an intelligent way of thinking abut trading.
Iron Condors is the third book in the “Best Options Strategies” series that offers a hands-on education for some of the most useful option strategies.
Mark Wolfinger helps traders avoid developing a difficult-to-break way of thinking.
Through Iron Condors, you’ll learn the basic concepts:
How to decide which options are suitable for your iron condor
Ideas—with specific example—on how to manage risk
Figuring out when to exit
The pros and cons of locking in profits quickly vs. holding longer
The following points represents Mark Wolfinger’s beliefs: