Mitigate Risk - iron condor

EliteTraderNYC · Oct 9, 2015

Haha yes thanks OTM, you know what I noticed just this week? If the spread is really small like .5 or 1 point, theres almost no change betw the spread when IV goes up.

trilogic · Oct 9, 2015

stevegee58 said:
High probability strategies appear "better" because they satisfy "the need to be right." The other side of the "high probability" coin is "low reward, high risk"; one is an inevitable consequence of the other.
The analogy that sums it up best is "eats like a bird but shits like an elephant."

I went through the same phase where I preferred high probability setups. I've gradually moved over to high reward/risk trades. For me, it's much easier to take small losses and have more opportunities for the high reward.
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However this depends on size of delta trading and time in the market and expected prob AND % return

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Mitigate Risk - iron condor

EliteTraderNYC

trilogic