This video shows you exactly how I'd build an options trading portfolio if I had $3,000. I also review a live bot that’s been running this strategy for the last 3 years.
You can clone the bot template here:Â Monthly Iron Condors ($3k Portfolio).
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I break down the steps of how you can make the most out of a small account as a new trader:
- The importance of keeping position sizes small.
- Why I focus on market-neutral, high-probability trades such as iron condors with at least 70% probability of profit.
- The best filters for finding trades with positive expected value and minimum implied volatility rank.
- Why a diverse basket of ETFs in uncorrelated sectors is critical for small accounts.
- My thoughts on taking profits early to boost consistency and increase your win rate.