How to Trade Iron Condors for Income
()
About this ebook
How to Trade Iron Condors for Income, and Why You Shouldn't. This book is a cautionary warning filled with excellent information from an experienced options trader. The book includes links to valuable videos.
Kirk McFadden
Captain Kirk McFadden is an accomplished aviator, jet instructor, checkairman, options trader, writer, and veteran.
Related to How to Trade Iron Condors for Income
Related ebooks
Trading Options on Tech Stocks - Selling Puts & Calls: The INCOME INVESTING FOR INDIVIDUALS Series Rating: 3 out of 5 stars3/5THE OPTIONS SECRET Rating: 0 out of 5 stars0 ratingsNo-Hype Options Trading: Myths, Realities, and Strategies That Really Work Rating: 5 out of 5 stars5/5The Market Is Always Right Rating: 0 out of 5 stars0 ratingsIron Condors Rating: 4 out of 5 stars4/5Writing Naked Puts Rating: 4 out of 5 stars4/5Lessons of a Lifetime: My 33 Years as an Option Trader Rating: 5 out of 5 stars5/5Uncle Bobs Money: Generating Income with Conservative Options Trades Rating: 4 out of 5 stars4/5Advanced Options Trading: Approaches, Tools, and Techniques for Professionals Traders Rating: 4 out of 5 stars4/5Option Greeks for Traders : Part I, Delta, Vega & Theta: Extrinsiq Advanced Options Trading Guides, #5 Rating: 0 out of 5 stars0 ratingsOptions Trading: How To Excel At Options Trading: Strategies On How To Excel At Trading Rating: 0 out of 5 stars0 ratingsAdvanced Options Trading: Master the Advanced Trading Strategy and Boost Your Income From Home: 3 Hour Crash Course Rating: 0 out of 5 stars0 ratingsMake Money Trading Options: Short-Term Strategies for Beginners Rating: 5 out of 5 stars5/5The Option Trader's Mindset: Think Like a Winner Rating: 0 out of 5 stars0 ratingsOptions Trading Strategies: 25 Option Trading Strategies That Can Bring You Profit Rating: 0 out of 5 stars0 ratingsOptions Trading: Strategies to Make Money with Options Trading Rating: 3 out of 5 stars3/5Trade Options with an Edge Rating: 5 out of 5 stars5/5Power: Passive Option Writing Exceptional Return Strategy Rating: 0 out of 5 stars0 ratingsOptions For The Beginner And Beyond Rating: 0 out of 5 stars0 ratingsThe Intelligent Option Investor: Applying Value Investing to the World of Options Rating: 4 out of 5 stars4/5Essential Option Strategies: Understanding the Market and Avoiding Common Pitfalls Rating: 4 out of 5 stars4/5Trading Implied Volatility: Extrinsiq Advanced Options Trading Guides, #4 Rating: 4 out of 5 stars4/5The Four Biggest Mistakes in Option Trading Rating: 4 out of 5 stars4/5Credit Spreads:Beginners Guide to Low Risk, Secure, Easy to Manage, Consistent Profit for Long Term Wealth Rating: 0 out of 5 stars0 ratingsPositional Option Trading: An Advanced Guide Rating: 0 out of 5 stars0 ratingsThe Short Book on Options Rating: 2 out of 5 stars2/5
Investments & Securities For You
How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition Rating: 5 out of 5 stars5/5Stock Market Investing for Beginners & Dummies Rating: 5 out of 5 stars5/5Girls That Invest: Your Guide to Financial Independence through Shares and Stocks Rating: 5 out of 5 stars5/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Don't Start a Side Hustle!: Work Less, Earn More, and Live Free Rating: 5 out of 5 stars5/5Stock Investing For Dummies Rating: 5 out of 5 stars5/5SECURITIES INDUSTRY ESSENTIALS EXAM STUDY GUIDE 2022 + TEST BANK Rating: 5 out of 5 stars5/5Just Keep Buying: Proven ways to save money and build your wealth Rating: 5 out of 5 stars5/5A Beginner's Guide To Day Trading Online 2nd Edition Rating: 4 out of 5 stars4/5Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game Rating: 5 out of 5 stars5/5Principles: Life and Work Rating: 4 out of 5 stars4/5How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started Rating: 5 out of 5 stars5/5ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years Rating: 5 out of 5 stars5/5Real Estate by the Numbers: A Complete Reference Guide to Deal Analysis Rating: 0 out of 5 stars0 ratingsBuy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns Rating: 4 out of 5 stars4/5You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market P Rating: 4 out of 5 stars4/5
Reviews for How to Trade Iron Condors for Income
0 ratings0 reviews
Book preview
How to Trade Iron Condors for Income - Kirk McFadden
CHAPTER 1
I will and do trade Iron Condors, but only under a very specific set of circumstances. Towards the end of this book I lay out the system and ground rules that I follow trading the strategy, which I will do, but only very rarely.
First, we’ll look at basic iron condors and discuss the features of the trade and point out a few things. Hopefully, by the time you get through the discussion, you will see the pratfalls and danger of the common approach. My goal is to save you money by avoiding the risk, and avoid having you paying someone big money to show you the secret of consistent income
by trading iron condors. If I’ve said it once I’ve said it a thousand times; there are no secrets in trading. No one has the secret.
There is no such thing as a perfect system.
I’ve been around the block and have been trading for a long time, off and on, my entire life. You name it, I’ve traded it. I was a Series 7 registered rep and stock broker for a time, and between stints in the military and an extensive flying career, I have watched the markets and traded. Cars, horses, grains, cattle, metals, fish, currencies, stocks, bonds. But I’m not here to toot my own horn or make performance claims. It is my sincere desire to pursue right work
and help you negotiate the shark infested waters of the trade by educating you about risk, and helping you negotiate the sea of deceptive flotsam that is the promotional end of the financial services industry.
Specifically, this book addresses one of the first things you’ll run into in your search for a way to make money online by trading options; the Iron Condor. Service purveyors constantly ply these waters, trolling for newbies. It is a compelling story and a compelling business model. To a man, they are enthusiastic about iron condors and convince a lot of people to try them.
Once a person actively trades them they will begin to get burned badly, lose money, and will eventually sign up for the monthly advisory service, the monthly tout sheet, racing form, the inside track, call it what you will. Eventually the newbie will