Iron Condor Options for Beginners

Page 71 all the legs are put. I do got point how to calculate ROI, but i request author to correct this minor error.

It discuss about when to enter into a trade and the probability of the trade can be determined and what can we do if the trade is not in our favor. It is the stuff we should gain knowledge on to be profitable.

The book is very good, explaingn the mind set to be successful trader. It is not required to be right all the time. Even the greatest players have max to max 50% winning ratios. Then why should we crave to be right all the time. Thank you for xplaing so well IRON CONDOR and Trading MIND SET.

Absolute waste. Poor quality pages. The content is nothing technical. It's like a history write up which one can find online.

This book clearly explained the concept of the iron condor strategy, I will certainly use this to help me in my trading.

This is a good book oversold by its advertising.It is advertised for "beginners," but assumes basic knowledge of options. Early in the book, it directs you to a "free" download that explains the terms used, but this requires your e-mail address.It is advertised as an easy, casual way to make extra money, but the book itself describes many ways for you to lose money. It claims that it only requires a few hours of work each week, but the quantity of time spent in labor is not a measure of the quantity of labor. According to the book itself, you need to know what you are doing, maintain focus throughout, and constantly record and review your trades. It even advocates long term breaks to avoid burnout and maintain optimal concentration. It's like any other job.The book description states that you could make thousands of dollars a month, even a week with this method. The book itself is much more conservative in its estimates, and forthright about the risks.The description also claims "you do not need to have any experience to profit." This is contradicted by the book, which recommends three months of initial paper trading, constant paper trading even while making live trades, and evaluation of past trades.The advertising problems mentioned above are exacerbated by the fact that the book itself warns against such shady marketing methods in the selection of "trading gurus" and educational courses!If you are interested in becoming a day trader or investor, then this book can help you. It explains this particular strategy and the research and discipline required to be successful with it. There is no reason to believe that this strategy, if well implemented, will do otherwise. I can't confirm this myself, but the books claims appear to be legitimate. There are many ways to go wrong, but it's your job to know your trade and execute it profitably.However, this book is not for amateurs. This is for people who view trading as a second job, and potentially a full-time job.I have two criticisms of the book itself. First, it does not tell you what the benefit of day-traders is to society. Of course, you might make money, but how does your work benefit the market? Are you actually helping other people by trading this way? Or are you simply profiting off of other's rashness or ignorance? This problem is mentioned and even admitted without resolution.Second, the book becomes a little repetitive towards the end. I know the author is trying to summarize the book and emphasize the mental discipline required to succeed, but I found it unnecessary.

I expected a highly technical overview of iron condor option trading strategies, which this book does cover well. I was pleasantly surprised, however, when the book covered more general necessities for success in trading, including journaling, Eastern philosophy on having a calm mind, emotional awareness, and detachment from trading results. Indeed, useful for more than just trading iron condors!

This was the first book that I’ve ever read about iron condor options. I’m into trading for a while and haven’t even heard about this option before but the way the author has presented it into the book made for a great introduction on the matter. I’m really hooked on it now. It is a great book with tons of information and insights into the option, discussing topics that after reading them will ultimately make you comfortable with actually using the option and start investing.It’s hard to find a simple book on anything investing, one that you can just pick up, have a read and then apply the teachings. Usually investment books are filled with terms you simply cannot grasp. This book on iron condor is really for the beginner into not just the option but also investing in general. It takes you through the entire process and makes you understand. It’s like the author knows to give you some final directions before moving to the next chapter, just so that you are 100$ ready to move on without missing anything of value.Finally, the book fits like a glove for the times we’re living in now, with so many people trying to invest their money into something they can rely on. It’s honest, smart, yet written in a friendly tone, which inspires trust. It helped me a lot!

I am newish to investing. I read a lot, ask my finance friends a ton of questions, and limit my dabbling to things like stocks, mutual funds and index funds. I've pretty well for myself and am looking to branch out. As a newbie, Iron Condor Options are completely new to me. I'd never even heard of them before. And I have a feeling a lot of other beginners haven't either. That's why I say this book is probably best suited to someone with a bit of comfort around investing. Further, some of the terms used in the book are ones I had to look up. Now that that's out of the way: This book has a lot of great information on what Iron Condor Options are, how to use them, what to look for, what to look out for, who is using them, how they are using them and what is possible. The guide-like format of the book, and the huge amount of documentation, made me feel supported and safe diving into Iron Condor Options. It's always great to learn about something you didn't know existed.