Leaderboard

These trades can be very risky and require on the spot management. i would not recommend people do them unless the time to watch them closely. I am not advocating these trades but I do think getting familiar with specific trades and repeating them will help with the outcomes. Personally I am not crazy about the butterfly generally but decided to try it on nflx just to play with it. But essentially so far I think I would have been better off Starting with the Iron Condor(less adjustments) rather than butterfly essentially because of commisions as yowster said with very small allocation. Higher risk means more stress and is probably not for everybody.Besides you don't have to do extra trades to make money, Kim has a great system here and I can vouch for it, I just like to experiment alittle with small positions to see if any of these approaches appeal to me. Plan to stay in trade for 3-4 days at most but like Kim says these flys have very narrow range high maintenance. Just my 2 cents. Bret