Lahore, Pakistan -- (ReleaseWire) -- 03/17/2014 -- Iron Condor 101 video game has been developed for those serious traders who want to make a serious income trading iron condors. There are two main hurdles in becoming successful at trading iron condors:
1.How to effectively manage the trade especially when to make the exit
2.Winning the trades consistently in order to maintain a steady growth in the portfolio
One method to learn how to effectively manage these options trade is to paper trade.However a better method has been developed by an options trader with the development of this Iron Condor 101 Video Game. With this video game, traders can mange 100 trades from start to finish in a matter of hour. Managing trade after trade will hone the skills when dealing with a live trade.
This is what the developer of this video game says: “There are good books…but they can be abstract, hard to slog through and understand. And there are good videos…but that's a lot of watching. Watching isn't doing! And there are good back-trading programs and paper-trading platforms…but it's genuinely painstaking to place and click through trades over and over and over again. And most of the focus of all of the above is on how to place the trade. But placing the trade isn't most of the battle. Once you learn how, it takes just 5 minutes a month to place the trade. Managing the trade is what you really need to practice…because once you place the trade, you have to manage it for a full option cycle...which lasts from the third Friday of the month you are in now to the third Friday of the next month.”
About the developer of Iron Condor 101 Video Game
The developer of this video game is a successful options trader. Some years back, he needed to have a medical procedure. On the day when his medical procedure was scheduled, market moved against his Iron Condor position and he was in danger of losing heavily. He didn’t know what to do. Whether to close the trade or keep it open as for hours he was supposed to be unconscious during the medical procedure. With these thoughts in his mind, he went for his medical procedure. When he woke up, the first question he asked his wife was did S&P index go down at all? After regaining consciousness, he started working on developing this video game that he used to practice 100s of Iron Condor trades so that in future he would know what to do when the market moved against his position.
For more information about the Iron Condor 101 video game, please visit the following website: