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I appreciate the email. Those are very wise words. Too bad this email came after three devastating losses the newsletter experienced in 2016 (150%, 78% and 69% losses before commissions). Unfortunately, it looks like they didn't really learn any lessons from those losses. The newsletter members already booked two more devastating losses of 96% and 89% in the first five months of 2017. Definition of insanity is "doing the same thing over and over again and expecting different results". From the FAQs of this newsletter: As we mentioned here: Oftentimes you'll find this in a credit spread newsletter where the big loss just hasn't happened yet (it will). Here is the problem with weekly credit spreads: most of the time, they will do fine, but if the market really does go south the position will be in trouble well before the short options go in-the-money. If the market drop is fast and severe (e.g., flash crash) there will be nothing you can do - the trades will be blown out with no way to recover, your entire investment will be gone. We warned about those "easy gains" several times. This is what we wrote in Can You Really Make 10% Per Month With Iron Condors? article: Here are some mistakes that people do when trading Iron Condors and/or credit spreads: Opening the trade too close to expiration. There is nothing wrong with trading weekly Iron Condors - as long as you understand the risks and handle those trades as semi-speculative trades with very small allocation. Holding the trade till expiration. The gamma risk is just too high. Allocating too much capital to Iron Condors. Trying to leg in to the trade by timing the market. It might work for some time, but if the market goes against you, the loss can be brutal and there is no another side of the condor to offset the loss. Unfortunately, many options gurus present those strategies as safe and conservative. Nothing can be further from the truth. As mentioned (correctly) in the above email, weekly credit spreads are very volatile and aggressive. You should allocate only small portion of your options account to those trades. Related articles: Can You Really Make 10% Per Month With Iron Condors? Why Iron Condors Are NOT An ATM Machine Why You Should Not Ignore Negative Gamma Get Real Trade Iron Condors Like Never Before Want to learn how we reduce our risk? Start Your Free Trial