Learn the Secret to Winning 90% of Your Trades

Good evening! Earlier today, I sat down with Andy Crowder to dig into his amazing income trades.three dimensional trader
You see, it recently came to my attention that this strategy is now winning 9-of-10 trades!  That doesn’t happen often  ̶  and when it does  ̶  I want to bring it to your attention.
All the news out of Washington has made some folks a little nervous. Lots of people have been emailing and calling our office, asking how to trade the market RIGHT NOW.
That’s why Andy agreed to present this trading strategy.
It works GREAT in this market – beating the S&P 500 by 11x in the last 30 days!
And with just two trades!
Continue reading for a transcript of my conversation with Andy.
IAN: One trading strategy in particular has been CRUSHING the market in 2017. Tell me why this is working so well?
ANDY: Well, the strategy has been working well due to the market’s range-bound nature. Even in a historically low volatility market  ̶  where selling premium has been tough to come by  ̶  this strategy has remained consistent. That’s why the strategy is one of my favorites.
IAN: So, what exactly is this strategy? I’d bet that less than 20% of our readers have ever heard about this.
ANDY: The strategy is known as an iron condor. An iron condor is a defined-risk, non-directional option strategy.
By definition, it’s designed to have a large probability of earning a small, limited profit on a highly liquid underlying security such as a stock or ETFs. As long as the security stays within a large range over roughly a 30-day period, we can lock in some decent profits with an iron condor trade. It works regardless of price direction.
IAN: That’s a pretty funny name for a trading strategy. Where does it come from?
ANDY: The strategy is made up of two credit spreads that when plotted over a risk-reward graph looks like a bird. Hence the name iron condor.

IAN: Neat! So, how exactly does one of these trades work?
ANDY: The basic premise of the strategy is easier to understand in the chart below. But the key part, and the real advantage of this trade is:
You choose the price range of the trade. Increasing the range will decrease your potential profits, but will increase your likelihood of success.
Here is an example of an iron condor trade in the S&P 500 (SPY).
The blue lines define how far the SPY can move BEFORE risking a potential loss. You can clearly see that this range is from $244 and $228.
The underlying SPY is trading for $239.50. So, I would like to establish an iron condor for July expiration.
I typically trade contracts that are 45 to 60 days from expiration. This is a different approach than most other traders.
Why do I do this? Because it allows me to increase my defined range while simultaneously bring in more premium. I do not intend to allow the iron condor trade to expire worthless. In fact, my intention is to take off the trade when there are15 to 30 days left until expiration. There will be some exceptions, but I have found through extensive research that going out 60 days and taking off the trade when there are 25 to 30 days left until expiration is the most profitable approach.
IAN: I know you HATE to brag. But how’s this strategy performing?
ANDY: Since I officially started trading this strategy at the beginning of 2017, I’ve made 10 trades. Nine of these have been winners. The return on capital now stands at just over 76%.
IAN: Inside tomorrow’s LIVE webinar, you’re going to reveal 3 secrets for successfully trading Iron Condors.  Why should our readers tune in tomorrow?
ANDY: Readers should tune in for my unique way of trading iron condors and to understand why it’s been so successful in 2017.
You also mentioned the three live trades. I’ll be showing these trades LIVE in the market on my trading platform. And that should give everyone some timely trade ideas and show my unique approach to trading iron condors.
Andy, thanks for your time today! I think folks now have a much better understanding of this options income trade.
Don’t miss Andy’s live training event.
It’s going live tomorrow. We’ll see you then!
Good Trading,
Ian Wyatt
Market Traders Academy

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