It would appear we’re not quite out of the woods just yet. With markets looking pretty weak today we will once again move into our safety positions and wait for more clarity.
I’ve put together a little remake of the VTS Iron Condor Strategy Video. For some of you it’ll just a little refresher but for many of the newer members of the community it’ll be a good introduction and starting point for further consideration.
As I mention in the video, there is nothing wrong with taking things really slow and starting the trades in a paper trading practice account for a couple months until you get the feel for things.
All brokers should have this available to clients. I personally use TD Ameritrade and Interactive Brokers and both make it very simple to switch between paper trading and live trading. You just click the little button on the login screen and it switches over. While I can’t personally vouch for any of the others, I suspect it’s about the same across the board so feel free to take advantage of those paper accounts and follow along.
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