I like the video, I enjoyed learning a little bit more about iron Condor, but what I find myself doing is re-watching all of your put credit spread videos for smaller accounts, I think the put credit spread series has got to be the best of your work and I literally have watched the same videos at least 10 times to fully digest everything fully. And also, this might just be me personally, but I actually think I prefer videos that are a little bit more candid like you’re pretty much just talking to the camera and screen sharing in a calm tone as if I’m with you and you’re showing a friend as opposed to the overly edited stuff. Just wanted to give you that insight and opinion for your own personal data I guess. Thank you so much. Henry will be joining the small account. Discord soon.
I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience
Tracy Britt Cool Consulting was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Tracy.
Hi Henry! can you please make a video explaining how you deal with the taxes from all this money you're generating and what kind of account we should open to prevent owing the IRS large amounts of money
Hey King Henry Majesty Your Highness Your Honor, I’m going to study your options course. I’ve been growing my 3 accounts. Going to keep practicing paper trading as I haven’t done enough. But RH only allows me one leg - so no birds for me. I can only do cash secured puts and covered calls and will focus on that for now.
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.....
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience,..
Hi Henry, your video is inspiring. May i check with you the calculation for META, the max profit in an iron condor is the net credit received. However, in this case, the “Expected Profit” is listed as $735. This seems to be an error, given the actual credit is only $1.90. The correct max profit should be $1.90 per share, which equates to $190 for 100 shares (assuming one contract = 100 shares). The calculation of $735 seems incorrect.The loss is calculated as the width of either spread (the difference between the strike prices) minus the net credit received. For the put side: $450 - $440 = $10, for the call side: $530 - $520 = $10, the max loss would be $10 - $1.90 (net credit) = $8.10 per share, or $810 total (for 100 shares). the system shows a max loss of $265?
You fail to mention that Robinhood and all brokerages will close pretty much all of these kind of trades if you don’t have the collateral to cover the trades. Also this is done within being in the money of any trade. They typically close it by 3:30. You can lose money on trades you would win had the brokerage not interfered but this also makes all of the trade strategies kind of useless because you are betting to be right and against the brokerage and hoping you don’t lose the trade as well. The money that seems to be made with options is in either basically having a lot of capital to sell options and safely getting assigned and then executing the wheel strategy or gambling on buying a option which has low win rates but feasible to win with leap options
Sucks you had to delete yesterday’s video because the world is too soft to handle the truth. Keep up the awesome work. Taught me so much how to make a relatively safe passive income!
Uncle Henry, the problem is that most people with a small account are new investors and they don’t have a level 3 account, so they can not trade spreads. Please explain the best way to get to a level 3 account so we can start trading spreads.
What is your opinion on doing an iron condor on the SPX , 0DTE? With like 50-70 points up/down from opening price? And the wing 5-10 points? Too risky or doable?
Can I do a Call Credit Spread and a Put Credit Spread separately and not together as an Iron Condor? What would be the difference? The reason I ask is that my ROTH IRA doesn't allow me to do Iron Condors, but I think it may allow me to do the a Call Credit Spread and a Put Credit Spread separately... So that might be a way I can get around it...
You can do them separately, but then you are doubling your risk. As an iron condor, the brokerage should recognize it as you can only win one side, so they will only take the collateral of one side. For example, if I have an iron condor with $1 wide strikes on each side, my risk is $100 due to the $1 wide strike. If you open them separately and still do the same $1 wide strikes, each trade will put on a $100 risk, giving you a total of $200 risk for the same strikes and same premium collected, all things equal
I wouldn’t do this, like in the meta example he’s using a lot of collateral to secure his put and potentially owning 100 shares for a covered call. This is good if you know what you doing and have a bit of koney
I'm sure you won't get this....but I need serious help!! I've invested in a trading company and at this point I don't care what strategy I do to make my money back!
OpenAI is over hyping its AI models, and frankly OpenAI is pompous, arrogant and full of self importance for technology that is open sourced. OpenAI has no meaningful moat or long term competitive advantage. All the cacophony for a storm in a tea cup. 😅 Wednesday, 28th August 2024.
I like the video, I enjoyed learning a little bit more about iron Condor, but what I find myself doing is re-watching all of your put credit spread videos for smaller accounts, I think the put credit spread series has got to be the best of your work and I literally have watched the same videos at least 10 times to fully digest everything fully. And also, this might just be me personally, but I actually think I prefer videos that are a little bit more candid like you’re pretty much just talking to the camera and screen sharing in a calm tone as if I’m with you and you’re showing a friend as opposed to the overly edited stuff. Just wanted to give you that insight and opinion for your own personal data I guess. Thank you so much. Henry will be joining the small account. Discord soon.
I think you are the smartest person I can follow. I can understand the way you teach. It’s too complex when I watch other videos
“As long as you picked the right stocks, and you know when to enter…” - that’s the hardest part to figure out.
I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience
Tracy Britt Cool Consulting was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Tracy.
She is really a good investment advisor. Was privileged to attend some of her seminars.that's how I started my own crypto investment
How can I reach her?
EXCELLENT video! One of the best explanations of Iron Condors. Something I will try to venture into. THANKS!
Hi Henry! can you please make a video explaining how you deal with the taxes from all this money you're generating and what kind of account we should open to prevent owing the IRS large amounts of money
Hey King Henry Majesty Your Highness Your Honor,
I’m going to study your options course. I’ve been growing my 3 accounts. Going to keep practicing paper trading as I haven’t done enough. But RH only allows me one leg - so no birds for me. I can only do cash secured puts and covered calls and will focus on that for now.
What do you consider a small account? What is minimum $$ needed?
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.....
I appreciate the professionalism and dedication of the team behind Kerrie’s trade signal service....
As a beginner, it's essential for you to have a mentor to keep you accountable..
Kerrie Farrell program is widely available online....
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience,..
The fact that i got to learn and earn from her program is everything to me think about it, it's a win win for both ways...
Can you close these contracts sooner than the expiration date? Will you profit?
Hi Henry, your video is inspiring. May i check with you the calculation for META, the max profit in an iron condor is the net credit received. However, in this case, the “Expected Profit” is listed as $735. This seems to be an error, given the actual credit is only $1.90. The correct max profit should be $1.90 per share, which equates to $190 for 100 shares (assuming one contract = 100 shares). The calculation of $735 seems incorrect.The loss is calculated as the width of either spread (the difference between the strike prices) minus the net credit received. For the put side: $450 - $440 = $10, for the call side: $530 - $520 = $10, the max loss would be $10 - $1.90 (net credit) = $8.10 per share, or $810 total (for 100 shares). the system shows a max loss of $265?
nvidia earnings is tomorrow…… are you sure you wanna set up an iron condor
You fail to mention that Robinhood and all brokerages will close pretty much all of these kind of trades if you don’t have the collateral to cover the trades. Also this is done within being in the money of any trade. They typically close it by 3:30. You can lose money on trades you would win had the brokerage not interfered but this also makes all of the trade strategies kind of useless because you are betting to be right and against the brokerage and hoping you don’t lose the trade as well. The money that seems to be made with options is in either basically having a lot of capital to sell options and safely getting assigned and then executing the wheel strategy or gambling on buying a option which has low win rates but feasible to win with leap options
How often do you do iron condors?
Thank you for sharing Heney!
How can you sell put options without enough capital to cover the max loss cost?
You can do a put credit spread instead. That’s where you buy a put option lower than the put you sold.
What level of trading do you need for this strategy
Sucks you had to delete yesterday’s video because the world is too soft to handle the truth. Keep up the awesome work. Taught me so much how to make a relatively safe passive income!
He deleted a video? What was it about?
Yeah that's what I was wondering
He stepped off in the politics.
Always a mistake
Uncle Henry, the problem is that most people with a small account are new investors and they don’t have a level 3 account, so they can not trade spreads. Please explain the best way to get to a level 3 account so we can start trading spreads.
I opened one at Interactive Brokers, did a short questionnaire, then I requested it through the online account then it was approved.
What is your opinion on doing an iron condor on the SPX , 0DTE? With like 50-70 points up/down from opening price? And the wing 5-10 points? Too risky or doable?
We tend to have a lot of +1% moves lately. Don't think the win rate would cover the losses. I'd be curious to here is opinion
Too risky now
Please do vedio on SMCI Hindenburg report. Is SMCI is still buy? Or risk??
it's not a buy. the hype with invidia came to an end, and smci has a lot of competititors coming in their business
Can I do a Call Credit Spread and a Put Credit Spread separately and not together as an Iron Condor? What would be the difference? The reason I ask is that my ROTH IRA doesn't allow me to do Iron Condors, but I think it may allow me to do the a Call Credit Spread and a Put Credit Spread separately... So that might be a way I can get around it...
You can do them separately, but then you are doubling your risk. As an iron condor, the brokerage should recognize it as you can only win one side, so they will only take the collateral of one side. For example, if I have an iron condor with $1 wide strikes on each side, my risk is $100 due to the $1 wide strike. If you open them separately and still do the same $1 wide strikes, each trade will put on a $100 risk, giving you a total of $200 risk for the same strikes and same premium collected, all things equal
@@Megrogs2641 Thanks for explaining that. I appreciate your help. It's a real bummer that they restrict my ROTH IRA like that.
You have to make sure the stock is very liquid otherwise it is hard to close.
The problem is brokerages won’t allow you to do spread trading. Unless you been trading for years.
How is an iron condor so valuable for small accounts if you keep paying to roll it when the stop losses keep getting breached.
I wouldn’t do this, like in the meta example he’s using a lot of collateral to secure his put and potentially owning 100 shares for a covered call. This is good if you know what you doing and have a bit of koney
These are iron condors, the collateral required is the width of the spread.
Please make videos based on current market, not like on what happened 3 weeks ago.
I'm sure you won't get this....but I need serious help!! I've invested in a trading company and at this point I don't care what strategy I do to make my money back!
Yeah ive lost as well 😢
you would need 160k for an iron condor on MSFT correct? I got a 50k account im trying to build
No
Iron Condor is a credit spread.
That's how I lost money.. One lost wipes away 5 wins..
@@meiko_kaji oh .. sure... good luck
@meiko_kaji Sure, if you move the strikes closer... well.. good luck then
He could've used margin and it went against him.
I had a similar experience. Went well for a few trades, then boom too consecutive losses wiped all that work
I wish Henry would say more about how it could go terribly wrong.. so we can avoid that
OpenAI is over hyping its AI models, and frankly OpenAI is pompous, arrogant and full of self importance for technology that is open sourced. OpenAI has no meaningful moat or long term competitive advantage. All the cacophony for a storm in a tea cup. 😅 Wednesday, 28th August 2024.
It's not so easy .If it were easy everyone would do it. If you lose you lose 10. If you win you win 3. If it goes well, mathematically you are doomed.
Taking down unpopular videos I see. How long was this one sitting in the vault for release to wash away the stink of that last deleted video 🤣🤡