225: 1-Year Review of $3k Monthly Iron Condor Bot

The Option Alpha Podcast

Kirk Du Plessis

Investing, Trading, Stock Market, Business, Options Trading, Education, Finance

4.8 • 1.2K Ratings

🗓️ 5 April 2023

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week we take a look at the performance of the Monthly Iron Condors ($3k Portfolio) bot template. You might recall that we previously did a deep dive on this template back on Show 214, walking through the strategy setup, the scanner and monitor automation setups, etc. But now that we’ve had it running for a little over a year, we thought it would be help to take a look at how it has weathered this year’s market volatility and explore possible ways to adjust or improve its performance in the future.

Important Notes: This podcast is purely for educational purposes and my exploration of this bot template is not a recommendation or suggestion to use this strategy as your own. Bot performance does not includes in commissions, which might vary from account to account or broker to broker. We encourage you to always do your own due diligence, factor in your own personal situations, and trade strategies you are comfortable with in your account.

So, let's dive in and look at how this strategy has performed in this year's volatility and explore possible adjustments and future improvements. Ultimately, if nothing else, we hope this example helps give you some ideas to help with your own trading.

Transcript

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0:00.0	This week on the podcast, we take a look at the performance of the monthly Iron Condor 3K portfolio bot template
0:06.7	You might recall that we previously did a deep dive on this bot template back on show 214
0:12.5	Walking through the strategy setup the scanner and monitor automations etc
0:16.7	But now that we've had it running for a little over a year
0:19.2	We thought it would be helpful to take a look at how it's whether this year's volatility and explore possible ways to adjust or improve
0:26.6	It's performance in the future as a reminder this podcast is purely for educational purposes only and my exploration of this bot template is
0:35.0	Not a recommendation or suggestion to use this strategy as your own
0:39.1	We always encourage you to do your own due diligence and trade strategies you're comfortable with in your account. So let's get started
0:46.6	You're listening to the option alpha podcast from option alpha dot com where we show you how to make smarter trades
0:53.2	Learn how the stock market really works and generate consistent monthly income
0:58.5	Now your host and head trader at option alpha dot com
1:05.1	Hey everyone, this is Kirk here again from option alpha working every single week to make this the most popular
1:10.2	Investing podcast offered online because it's based on one thing and one thing only and that's helping you
1:16.3	Consistently place smarter trades. So again, thank you so much for tuning in and welcome back
1:20.4	I know it has been a long time since we've released a podcast
1:23.9	But I'm really glad to be back in the podcast seat. It's actually same seat
1:28.1	I said in all the time anyway, but I'm glad to be doing another show here
1:31.7	I'm been actually kind of racking my brain try to figure out. Okay, what can we do next on the podcast?
1:36.7	We do have a couple of guests coming up that I think you guys will really enjoy a couple special guests that we've started to do
1:42.0	Interviews on so those should be coming out as well
1:44.1	But I thought you know what better way to start this than going through potentially a bot template that we have
1:49.8	Really put a lot of emphasis on is
	...

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