Learn the top 3 trade setups we are using on the desk here: bit.ly/42oIH2B #optionsincome #passiveincome #optionstrading SMB Disclosures www.smbtrainin...
I Hit 12k today trading. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Louise O'Brien for helping me achieve this.
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
The iron condor you show has short strikes around 25 delta, so win rate better than 50%. The iron butterfly strategy you show, I guess it has a much lower win rate?
Does the brokerage automatically exercise your buy options to cover the assignment or is this something you have to do yourself? Choosing to exercise the option?
yea but what are the odds that RUT will close near the opening price?!! This rarely happens..... what usually happens is that the index closes far away and you end up paying more than you got which results in loss
Some days yes and some days no. There're plenty of days where your short options expire worthless EOD and you can always roll down/ up one of the short legs to reduce loss if you like. You just put on the trade and be mechanical. Take wins and take losses, hopefully come out green on the other side. These work in sideways consolidating markets, not good in trends.
Just curious if one side of your iron condor short side gets breached on RUT , can you actually close the position and roll it like IWM ? As RUT is cash settled and there is no transfer of shares .., pls advise if we can roll RUT or SPX iron condors , of our short put / short call side gets breached 🙏🙏
To me that’s automatically going to happen. I wish I could understand how to close the trade. Maybe 25-50% of premium received. I’m not sure if there’s any advantages to rolling this trade.
Being in the discord and starting trading is literally changing my life l'm starting witha small $18,500 account but I got it up to $96,000 in one week! Not a lot of money but that's a big growth for me 🎉🎉
I'm happy to see George Ollenburger mentioned here, my spouse recommended him to me after investing $4000 and he has really helped us financially in thu times of COVID-19 lockdown here in Australia.
See my options trade playlist... Some of the older videos go into some detail but members get more It's great info SMB puts out though, I tune in from time to time
I noticed you have changed the claims in your intro sequence from 'one of the top proprietary trading firms' and ' six or seven figure a year traders' to what you have now. Can you explain this?
The best trading strategy you can have is patience. Entering positions during a consolidation phase or choppy day is a good way to diminish your confidence and risk to reward. If you wait for stocks or ETFS to become overextended to the upside or downside you have a higher probability of making profit on those trades. Of course it's not easy and most people want to trade everyday so this isn't ideal for them.
Ah yes. The small, meager account of 10s of 1000s of dollars lol. Not people with like $1k-5k to grow an account with single contracts who are also only able to use up to Level 2 options with their brokerage (ie no spreads, no pmcc on things like Webull where you can do the legs separately, or anything like that)
If anyone knows of a broker where I don’t have to have a minimum of 2000 in margin account to trade iron condors please let me know I hve not found ANY….
Learn the top 3 trade setups we are using on the desk here: bit.ly/42oIH2B
I Hit 12k today trading. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Louise O'Brien for helping me achieve this.
You trade with Louise O'Brien too? Wow that woman has been a blessing to me and my family.
That woman has changed my life for good. I attended her investment class couple of weeks last year and she’s the best when it comes for Guidance.
I'm new at this, please how can I reach her?
I'm happy to see Louise O'Brien mentioned here, my husband recommended her to me when I was in Germany during Covid, she's amazing.
I was skeptical at first till I decided to try. It's huge returns is awesome. I can't say much
Seth, the absolute best. . .
Great Video!
At 17:34 into the video the "Initial ...Iron Condor" should be "Iron Butterfly"
Is there a specific time to do these strategies or can they be implemented anytime?
Also, at 15:18 should change condor to butterfly.
Hello, Mike, I am reading your book in Chinese Edition lead me here. It is nice teching book for people who want become a day trade.
love hearing this
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?
I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
is there a reason to do an iron fly vs buying a straight fly?
So basically the difference in utilizing the iron condor vs iron butterfly is based on whether you have a small or big account?
The iron condor you show has short strikes around 25 delta, so win rate better than 50%.
The iron butterfly strategy you show, I guess it has a much lower win rate?
Does the brokerage automatically exercise your buy options to cover the assignment or is this something you have to do yourself? Choosing to exercise the option?
He’s trading $RUT, which is cash settled. No assignment happens. Same with $SPX and I think $NDX.
What’s the expiry time on this trade iron butterfly? 0DTE?
Learn the greeks they have all the answers
Question do I have to own 100 shares before I can do the strategy?
No
No, long options will cover you
assignment risk But don’t panic
@@allanaldair5767 RUT options are cash-settled: no shares.
yea but what are the odds that RUT will close near the opening price?!!
This rarely happens..... what usually happens is that the index closes far away and you end up paying more than you got which results in loss
Some days yes and some days no. There're plenty of days where your short options expire worthless EOD and you can always roll down/ up one of the short legs to reduce loss if you like. You just put on the trade and be mechanical. Take wins and take losses, hopefully come out green on the other side. These work in sideways consolidating markets, not good in trends.
Just curious if one side of your iron condor short side gets breached on RUT , can you actually close the position and roll it like IWM ? As RUT is cash settled and there is no transfer of shares .., pls advise if we can roll RUT or SPX iron condors , of our short put / short call side gets breached 🙏🙏
To me that’s automatically going to happen. I wish I could understand how to close the trade. Maybe 25-50% of premium received. I’m not sure if there’s any advantages to rolling this trade.
Being in the discord and starting trading is literally changing my life l'm starting witha small $18,500 account but I got it up to $96,000 in one week! Not a lot of money but that's a big growth for me 🎉🎉
Wow I'm new here How does this bitcoin thing works I just need someone to guide me and help me manage my trade
I'm happy to see George Ollenburger mentioned here, my spouse recommended him to me after investing $4000 and he has really helped us financially in thu times of COVID-19 lockdown here in Australia.
Alright thanks for the recommendation, but how do I reach them?
5th winning thanks to George Ollenburger he's really the best broker I've ever seen.
Thanks for the info, just texted him hope he replies❤️
Hi Seth, What’s a good brokerage platform to use for options trading that’s user friendly
Tasty Trade
Amazing video and I have just one question - how does one lose money with an Iron Butterfly?
I want to pratice it but i need to know how i can find a broker that allows trading with small capital
Tasty or IBKR.
@OptionsJive i opened on IBKR but it doesnt allow me to trade options
@OptionsJive i opened an account on IBKR but they dont allow me to trade options
We need strategies in single contracts
Ill do my best to help out
See my options trade playlist...
Some of the older videos go into some detail but members get more
It's great info SMB puts out though, I tune in from time to time
Single contracts will kill you
How is that@@erivera0270
I passed this on to Seth and will discuss with him on Monday. There are others who would like a video on it as well so we'll work on that
10% profits already from SONY42K, MATIC, and ETH. Should I double down or chill?
I noticed you have changed the claims in your intro sequence from 'one of the top proprietary trading firms' and ' six or seven figure a year traders' to what you have now. Can you explain this?
NVDA 3/21 calls !!! Buying any weakness!!!
So what's the catch(s)?.......
Also, I thought you can't sell options naked.
Not naked. He bought long options on both sides. You should learn about vertical credit spreads
@@jzgtr100 Thanks for the response. I had thought that might be the case, but it's been so long.
The best trading strategy you can have is patience. Entering positions during a consolidation phase or choppy day is a good way to diminish your confidence and risk to reward. If you wait for stocks or ETFS to become overextended to the upside or downside you have a higher probability of making profit on those trades. Of course it's not easy and most people want to trade everyday so this isn't ideal for them.
If u can use a clearer example from perhaps a trading platform..
Almost all brokers you will have to use a margin account and have a minimum of 2000 to trade iron condor no matter how small the max loss is.
Are there strategies for small cash accounts? I’m trying to grow my Roth IRA at a young age so I can’t do anything margin related. Thanks!
If SONY42K is $1 now and hits $15 next year, I might actually retire. This is a no-brainer move.
Correction: "If the index closes below the short put then obviously both CALLS expire with no value (also untouched)
Literally shows exactly this at 15:49...... So what's your correction? Did you watch it 🙂
What broker do you use that looks like a very simple platform?
It's not a broker, it's OptionNET Explorer software.
the broker's called Microsoft Excel
Ah yes. The small, meager account of 10s of 1000s of dollars lol. Not people with like $1k-5k to grow an account with single contracts who are also only able to use up to Level 2 options with their brokerage (ie no spreads, no pmcc on things like Webull where you can do the legs separately, or anything like that)
Completely lost me
It's just a basic iron condor strategy. But I don't recommend it.
If anyone knows of a broker where I don’t have to have a minimum of 2000 in margin account to trade iron condors please let me know I hve not found ANY….
First
Do you want a medal?
So why would anyone use an iron condor ?
Small account? Cant you only sell contracts if you own shares? I usually only buy calls or puts to keep it simple. My account is under 3k.
They're doing spreads.
If you have a small account, stay away from options. Buy ETFs instead. Options is the best way to loose all your money and then some.
It should be exactly opposite!
Appreciate the insight! Profited 30% and reinvested in SONY42K and ADA. SOL looks tempting too. Thoughts?
SOL is going to zero
SONY42K and ADA are my top picks. Selling? Nah, this is a one-way trip to the moon 🔥
This has NOTHING to do with the topic and example trade.