The Iron Condor is perhaps the most dangerous option strategy around.

See here’s the deal: when a new fresh faced option trader first hears of this trading strategy – he or she becomes so enamoured with it that they just can’t seem to help but jump right into trading them – risking way too much money – and without much thought of what they are going to do if the trade starts to go wrong.

And unfortunately what always seems to happen to a high percentage of them is that they promptly wind up getting their trading accounts demolished and their heads handed to them on a platter.

Now stop.

I don’t want you to get the wrong idea here. So let me explain something.

I LOVE iron condors.

I think the iron condor really IS a great trade.

And all those stories and claims about making 5 to 10 percent a month while barely spending any time looking at market – and how the odds are so unfairly on the side of the iron condor trader – and how trading iron condors is just like becoming the ‘house’ instead of the gambler – yes – I believe all those claims and stories too. In fact, not only do I believe those stories – I KNOW they are true – because I experience it myself first hand on a regular basis.

Here is the problem: All those fresh, green and excited new option traders have no idea what they don’t know. This trading options for income thing is like an alien planet – with a whole new set of rules inside a brand new reality. And when the person who has introduced them to this new way of trading just tells them about the good but forgets to tell them about the bad – they wind up jumping in with way too much confidence, misunderstanding, and expectations that are completely wrong.

Yes it’s true that iron condors and credit spreads can be put on with an eighty to ninety percent probability of winning. And yes it’s true that they can generate returns of over ten percent a month. BUT – they also come with a dangerous risk to reward ratio that can be in the range of ten to one.

This means that in order to achieve those 80 to 90 percent probability trades – you need to risk ten dollars to make just one – or to be more realistic – you need to put at risk $10,000.00 for the chance to make just $1,000.00.

And as my mammy used to say (God bless her soul) – that risk to reward ratio is ‘an awful bad egg’. In fact, it’s an honest to goodness stinking rotten deal.

Because once you do the math you find that even with those glorious monthly returns with 80 to 90 percent probability of winning – all it takes is just one problem month to come along and cause a loss that will completely obliterate the 8 to 9 wins you’ve managed to rack up – as well as potentially the rest of your entire account!

Nevertheless…

All is not lost…

Like I said before, I LOVE the iron condor trade.

It’s one of my favorite trades – and it continually generates profits for me.

So apparently, even with that atrocious risk to reward quandary, there must be a method to generate consistent income with this trade.

And there absolutely is.

It’s all in how you manage the trade.

As long as you learn the correct way to initially place these trades, then combine that with a super simple management technique and a few easy adjustment tricks – this risk to reward issue can be completely eliminated and no longer presents a problem.

You just need to arm yourself with a small amount of trading know-how. A few iron condor tricks that will allow you to quickly and easily adjust yourself out of sticky situations and smother any problem month threat that comes along, permitting you to experience the iron condor strategy for all that it’s ‘really’ cracked up to be.

To learn how to properly trade the Iron Condor Strategy for consistent monthly income, go to this Iron Condor Adjustments website and watch our Free Video and get our Free Report.