Who are the icons/ pioneers that anyone wanting to learn should follow/read thier book(s): Dan Sheridan, Charles Cottle....? Additionally, when managing risk Trading the Greeks & making 'adjustments' once in the trade, w/ complex option stratigies(condors/butterflies/puts/calls), how does one manage the risk: Where's the cut'n run? My current use of risk is 3.5% (I have a small account) and there is a clear and defined exit strategy based on price, so is this to say that Trading The Greeks, I can make adjustments up until I hit my Risk% or hit my account cieling and cannot add any more positions ('make adjustments')? But even then, I would think you could just implement a strategy to add more margin, no? It seems to be much much more fluid and if you're good at making adjustments your probability of having a loosing trade (outside of some crazy move/crash) is less, giving you a greater edge. Thanks in advance.
the option club just had a webi with dan on greeks, you can find a replay here http://video.theoptionclub.com/managing-income-trades-by-the-greeks.html