IC on NQ hedged with OTM binaries low risk, low stress and the premium paid the risk on some of my directional trades… Love it!
Sweet!! I did essentially this same trade today, just without the hedges!! I am still on demo with Iron Condors, but I am getting pretty used to the process, and I think I can go live with this at the start of next week.
I am getting my ass kicked on on the IC is any would get on skype and and sit with me as i walk through putting on a trade I would eternally grateful.
Just ask me to help you Joe - you have me on about every medium possible and I will. Chances are your not putting a simple piece together (going wrong way doing a straddle), or randomly picking an iron condor versus using expected ranges, or miscalculating premium. Ive offered to help you free directly just ask you post your charts and your trades. So why the frustration if you have not taken me up on it?
So @darrell walked me through the last IC trade I made before this post. I did everything right but I executed it on the wrong expiry the right expiry would have been a winner. Thanks for taking the time look at my trade and educate me.
Randy, nice trade. What time did you enter the IC and binary hedges? Thanks!
Hi Jeff4155,
I put both wings of the IC on at 11:40 am and hedged with the OTM binaries at 1:40ish when volume started picking up. Cant say enough how crazy accurate and helpful the expected ranges ( hi to lo, close to close), Dev and magnet levels are when placing these trades.