Do you employ stop loss orders for the Iron Condor strategy?
No. The MCTO team has been trading this strategy for 14 years and have concluded that stop losses work against us when writing far out-of-the-money, 85% probability, index credit spreads and iron condors. Our approach to handle a fast-moving market is to employ an aggressive adjustment methodology where we’ll move a trade if it starts to get under pressure or goes in-the-money.
Do you employ stop loss orders for the Iron Condor strategy?
No. The MCTO team has been trading this strategy for 14 years and have concluded that stop losses work against us when writing far out-of-the-money, 85% probability, index credit spreads and iron condors. Our approach to handle a fast-moving market is to employ an aggressive adjustment methodology where we’ll move a trade if it starts to get under pressure or goes in-the-money.
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