Hi guys,
according to my strategy we have 4weeks 12% strikes, 90% probability of success.
For this Iron condor with 5$ spread for each side there is a max profit of 40$ and a max loss 460$: if you are new in Iron condor you should find this R/R ratio very poor compared with forex, but we have very high odds at our side! 90% to get the maxim profit, plus 5$ extra on both sides (the long legs) before to get tha max loss. If the weekly candle closes over the short strike we close the trade, for a loss lower than max loss of 460$.
If you are more experienced you'd love to jump in this trade as I do, Strangle, no long legs, for a max credit of 80$.
Enjoy your wallet!
Tari.
according to my strategy we have 4weeks 12% strikes, 90% probability of success.
For this Iron condor with 5$ spread for each side there is a max profit of 40$ and a max loss 460$: if you are new in Iron condor you should find this R/R ratio very poor compared with forex, but we have very high odds at our side! 90% to get the maxim profit, plus 5$ extra on both sides (the long legs) before to get tha max loss. If the weekly candle closes over the short strike we close the trade, for a loss lower than max loss of 460$.
If you are more experienced you'd love to jump in this trade as I do, Strangle, no long legs, for a max credit of 80$.
Enjoy your wallet!
Tari.
Trade closed: target reached:
Max Profit!