30 Days of Magic - Making thousands with options trading using Magic 8-Ball

hey everybody my name is Brian and in this video we're going to talk about 30 Days of Magic 8 Ball so first off what is Magic 8 Ball it is an advanced stock market indicator actually called a stock market prediction engine that I created and it uses the full options chain I have a ton of videos out in my YouTube channel so definitely go out and check those out but in this video we're focused on just the raw profits that we made taking this for 30 days magic 8 ball is currently focused on zero DTE and it predicts what's called soon and end of day I mean it's going to give you what we think is going to happen within like an hour and what we think is going to happen at the end of the day in all of the trades that this thing kicks out are designed to run to the end of day but we're going to trade these a few different ways and I'll go over the details um so it includes example trades it has a vibrant online community and it has free and premium servers there are links down below okay 30 Days of Magic we have some ground rules here first we check the news every single day around 10 AM we start looking for an entry now when I say 10 AM that's Eastern Standard Time all times that we discussed are going to be Eastern Standard Time and that time is subjective notice the first bullet point is check the news so if there's say a Fed speaker that's going to you know increase the interest rates at 10 am we're not trading at 10 am we'll wait till 10 30 or 11. but 10 AM is when we start even considering looking for an entry we'll copy and paste those trades directly out of magic 8 ball into thinkorswim I mean there's zero brain power involved it's literally copy and paste around 1 pm Eastern Standard time we look at sonar and sonar I've made a few videos on it takes a little bit of an explanation it is a subset of magic 8 ball that tries to really pinpoint that end of day I will go over that a little bit in this video but again see my other videos around 1pm we look at sonar and we manually create the trade I'm going to automate that in the future but for right now it's a manual creation and of course we do this a couple different ways in this video we do it but I call it normal way where we have stop loss profit collection but then we do the expiration way meaning we just fire and forget a trade we throw it out there and forget about it and at the end of day see what happened and unfortunately this is the internet so I have to repeat myself constantly because I know there's people that are fast forwarding through the slide so bear with me if I'm repetitious one question I'm often asked is what's the difference between the free and the premium Services well the links are down below so you can check both of them out the free service is free you don't even have to feed it a credit card it's just free it's going to give you a chart every 30 minutes there's no trades just charts and it only covers SPX again the links down below and the premium service gives you every five minutes a prediction and that prediction includes the metrics the charts and the example trades it covers underlying such as SPX spy QQQ Apple Tesla and more it's 30 days completely free of charge and then after that your bill 25 a month again I'm not trying to get rich selling subscriptions I'm just trying to pay for the server infrastructure that runs all this stuff some special notes before we really dive in here we're talking specifically about SPX for 30 days that's all this is is SPX for 30 days some of the other underlyings are way more accurate but you make less money because it's you know less money you're throwing into it these are also paper trays that you're going to see screenshots of now I want to preface this with paper trade fills are absolute garbage and for that very reason I use the actual number in the thinkorswim profit analyzer because that is fairly accurate we're also using just one contract but they can of course scale bigger and I'll talk about that later so when I say you make fifty dollars a trade that may seem underwhelming Until you realize that you can scale that out you know to 10 contracts or even a 100 or a thousand contracts it depends on your bank account size and of course with stops and profits the numbers are guides there's really no hard fast rule watch the market and trust your instinct again this is not Financial advice stop loss is critical when you are trading with your account I just I cannot state that enough I don't want somebody going throwing their life savings into a butterfly and then losing everything remember you are responsible for your own trades and your own money trust yourself trust your judgment and use stop loss all right the 10 a.m entry time again at the risk of being repetitious there's a delay if there's news so this is 10 a.m Eastern Standard Time and if there's news like a Fed speaker at 10 AM or you know University of Michigan or whatever I will actually delay now where do I find this news uh multiple sources like Forex Factory CNN Fox News I mean Yahoo trading Yahoo finance people will also post things down below but I typically use Forex Factory because it gives me a nice little chart of what's going on for the day um and then I'll check the indicators you know what is the market actually doing inside of thinkorswim I will check the charts Inside Magic 8 Ball and I will wait until I'm comfortable and I have a good feel for what is going on in the market and I will just kind of verify magic eight ball with other sources like the charts and the indicators in thinkorswim just to make sure that everything's lining up you gotta remember magic eight ball is still very new and sometimes it does some weird things once I'm comfortable I will paste the trades directly into thinkorswim and I will watch these trades let's go ahead and see how this is done okay let's go ahead and look at how we would enter the 10 AM trades this is think or Swim and I am in paper training or simulated training you see up here in the upper left that means we're not playing with real money so if you're just starting out definitely do paper trading it will save you a lot of mistakes and a lot of headaches because you're playing with basically Monopoly money that being said there's some gotchas you got to watch out for this is the setup that I typically use and this is kind of emulating what I've seen Vance Lauren use Vance runs by the numbers so what I have here is I have Tac adx or Tac adx and that's a pretty nice little indicator kind of shows the relative strength of where things are going you can see how it's kind of down and yet the Market's going up and but the Market's kind of petering that means the strength of that movement is really slowed down but I also use macd and I love macd because it just tells me the general flow um it's up you know it's kind of the same thing as adx where it's momentum has gone down but it's still in an upward Trend and you can see with the price trends now these red and green bars along with this hot pink bar that's pivot so let me actually open up it's sve pivots for the day and it just gives you the good support resistance they're not a thousand percent accurate but you know they're pretty close and you can see we're really at that resistance level um looking to break up into Resistance 2 up here again I am not like a professional day trader I've learned a lot of this um let's go ahead and flip over to our Discord server and this is typically what I do is I will look at the news what is happening today and there was no major news for the United States today so I'll typically go out to Forex Factory and then I'll just screenshot it and post it in the group and I'll say you know what's going on good luck everyone and what we'll do is we'll scroll down this is the paid server by the way we'll scroll down into the predictions we'll look at SPX and we're going to hunt for today jump into the present here uh it is 142 Eastern Standard time you see this is what the Market's doing inside of our little magic 8 ball and we're going to scroll up scroll all the way up and we're going backwards in time here I'm just demonstrating what the 10 AM trades would look like this is the benefit of doing this after the fact is you can go backwards in time bear with me we're at 11 14 11 41. 11 21. it's probably a faster way I could probably just search for it or something like that using like this little handle right here so we're at 1056 go up up 10 40. this is the only downside to the predictions being every five minutes is it does kind of clutter this and you got to kind of hunt for it 1005 or there's 1005. there's 10 am so right in this range is really when I would have started looking this morning I've already got these up on the live stream um in case you're wondering and you're in the paid server the live stream is actually right here magic live you can see there's a bunch of people watching all right so this is what it would look like this morning as of 10 05 a.m this is version 1030. it says SPX current price of whatever it was is expected to move up closing near 4469. if we just kind of jump back to think or Swim here again we have the benefit of time you know we've gone forward in time since that prediction so surely it's jumped up way overshot our prediction Mark but you can see the trend is dying down so I am kind of expecting this to drop down a little bit but this again was at 10 am and it gives us the qualify metrics I Do cover all of this in other videos we're just covering how do we take these trades so the first thing I would do is like I would just grab a trade so for example I'd grab this vertical I'm just going to right click and copy it it's literally that simple copy it and then we will flip over to think or swim we'll go to our analyzer tab and then we'll bring this little arrow down here up we'll get rid of whatever's in there sometimes it pops back down and we'll go to this little paste icon right here and we just paste it in now you have a couple traces here you can right click and you can analyze a trade and this is exactly let me kind of scale this out a little bit here this is exactly what the trade would look like if you jumped in at 10 AM wish that was an easier way to do this so pretty much if you got into this vertical at 10 AM you would actually be pretty much full profit already but if you were ready to take the trade you wouldn't just hit confirm and send you would make sure that everything lines up with what you're seeing you think this is going to continue an upward Trend so on using indicators and you don't have to use these indicators they're just examples and then to get the real price you would unclick this little lock now because this trade was from 10 AM the moment I unclicked this lock this trade is going to be worth virtually nothing see now it's worth five um not really great so that is how you would enter the 10 AM trades let's flip back here and I want a special note it doesn't have to be 10 am so for example it is 13 42 I'm going right to the newest one and we're just going to grab this vertical here again you can grab butterflies or iron Condors but this one is uh about sixty seven dollars gonna copy that look back over here go to risk profile bring this guy up paste then hit the unlock you notice how it's jumped up in value so I'm going to analyze this see what's going on still pointing up but you see because it's later in the day we don't have a whole lot of wiggle room meaning this thing starts backsliding we're going to lose money but when you're ready you just hit confirm and send and that brings up this little dialogue make sure you read and understand all of this because if this was real money you would now be making a commitment and you just fire away and unfortunately these little check boxes drive me nuts you can always bring it back up whenever you want so that's pretty much how you do it pretty simple let's look at the rules for trading a butterfly so butterflies I do not love they are the lowest probability trade mathematically but we trade these in multiple Styles and I'm going to talk about this with each different type of strategy but we do a normal and expired so normal we start looking around 10 a.m Eastern Standard time we stop it out at about you know 15 to 20 percent so if it's just going against us I don't take that to full expiration and I don't want to lose too much money however if it's profitable I'll try to take profit around 15 to 20 and you'll see as we go through every day that at the very beginning my butterfly strategy is horrible and then towards the end I really start refining it which goes to my next bullet point trust your instinct you know if you're making money or not it's very clear on the screen and your gut will tell you if hey this just doesn't feel right maybe I should close it out uh some examples I would have like a entry of two thousand dollars so I'm paying two thousand dollars to enter and I'll stop at negative 300 or click profit at positive three hundred dollars the expired style is totally different this is the way the machine does it zero motions you take the trade you just walk away just throw it out there no stop loss no profit collection you walk away and at the end of the day you come back and say did I win or lose so these are the two metrics we're really going to be tracking as we go through these numbers and I'm going to do that for every single strategy normal style and expired style as a human being I would encourage you to use the normal style where you have profit collection and stop loss but I also get a lot of questions so I have the expired style you know the what if what if I ran this to expiration speaking of what if this entire video was generated because of the what if so everybody kept saying what if you did this so the 30-day results of SPX butterflies we had a range we started at 6 21 23 and we ended at 8 3 23. I did skip a day I just I got lazy I'll admit it um and then we had the normal and the expired style so normal we had nine stopped out 22 profited for a success rate of 64 percent not in love with butterfly success rate um total profit remember these are one contract per total profit for the entire month was four thousand three hundred eleven dollars uh expiration this is usually just fire and forget so uh many more of these lost so we lost 11 of them but we won 19. um success rate was only 42 but the profit was actually higher four thousand six hundred thirty four you may be scratching your head going well if you lost how is that profit higher you have to remember that let's say the butterfly is going to stop out when you stop you are realizing that loss and there are days where it would stop out but then the price action would swing right back into profitability and that's where expiration made more money because the price action did move back into the profit Zone and the computer just simply doesn't care about taking a loss because it doesn't have bills to pay um it's worth noting I'm working on a new version of the butterfly because I hate the large entry costs so the new version has about a 500 anti-cross and has similar success rates I'm still testing it though iron Condors all right SPX iron Condors for 30 days um I learned these in the ax option group there's a gentleman out there named Tom he walked me through this and this is when I was very new to options trading and these things are just amazing these are the Workhorse of the system I call these My Old Faithful or my never fails they do actually fail but it's few and far between as you're going to see so normal style I start looking around 10 am again check the news I stop at a 1x or 3x you don't want to take too much of a loss in a condor these are huge Condors so the more loss you take the more it's going to eat into your profit and speaking of profit we try to shoot for 100 profits so even in the normal style I try to run these to expiration you'll see why the premiums in these are so low you're talking 40 or 50 dollars per trade to run this all day long which goes into trusting your instinct an example would be you'll enter and collect fifty dollars premium but you'll stop at a negative 125. again you don't want to stop too late because one bad exit could ruin days worth of profit or even a week or a month's worth of profit you gotta be kind of careful the expired style is totally different take the trade fire forget run to expiration you take the full loss or profit and for these full loss is massive you're talking about risking like nine hundred dollars to make 50 bucks it the risk to reward to these is horrible but because the Condors are so big they have the best success rate in the system the results for 30 days of SPX iron Condors again we had 30 trades ranging from 621 to 83 I did skip a day because I was lazy um the normal Style only two of them stopped out and we profited on 28 of them so it has a success rate of 93 but the profit is low look at that 964 dollars for an entire month um again you can scale these out with multiple contracts we'll talk about that later but just know that these Condors are huge very low premium very large risk but as you can see it has a huge success rate expiration almost identical we lost to 128 success rate of 93 percent the difference is the profit look at the profit between the two the normal style where we're taking stops and profits it's at 964 dollars where the expiration is at 361 because those two losses on the expiration style you took a much greater loss and that's what I mean by losing on a condor can really dig into your profits uh no stop losses on these will crush you over time and you're getting such low premium that broker fees and taxes on top of the stops will ultimately Crush you I love Condors but you need to trade a lot of them and you need to be very good at them to really start seeing profit all right verticals SPX um normal style we start looking around 10 am again check the news uh very similar to Condor I don't like taking a huge loss on these so I'll stop these out at 1X or 3x and I do shoot for about 100 profit meaning let your runners run if the Market's going in your favor just let it go watch it don't walk away and respect your stops but if you're gonna win go for the win trust your instinct an example this would be you get an entry premium of 100 and you stop out at negative 200. so if you lose it's not a huge loss you're just losing you know like two days worth of trading uh the expired Style again this is how the computer would do it take the trade walk away run at the full expiration which means you're gonna take a full loss or profit um a full loss on these is not great but it's also not near as bad as a condor you're talking about maybe like a negative 300 400 loss but still you don't want to do that if you want to make money the results for verticals SPX 30 days range between 621 and 8 3 30 trades again I took a day off just because I wanted to screw around uh normal four of them stopped 26 profited for a success rate of 85 percent that's what I'm talking about uh profit of 637 dollars um expiration takes a little bit of explanation here so again huge shout out to the ax option group love you guys um the code in the system mimics how the professional Traders do it and I consider people in Acts to be professional Traders I'm just an idiot on a keyboard making software but for the expiration we had five lost 25 won now remember these things are going to go to full profit or full expiration that full profit is where you see that huge difference the normal style I did do some profit collection around 50 because the market got weird and I didn't want to take a stop loss where expiration just said you know what you only live once let's just do it success rate was lower at 80 percent but due to the number of Trades that would have stopped and then jumped back into profitability the profit margin is almost double I mean look at that 1216 dollars um stop loss is really key these could have easily gone against me and I could have taken a big loss uh I don't like running things to expiration like that I tend to personally trade like a blended approach where I'll have my stops and my profit in there but if it's obvious the Market's just going to go in my favor I just let it run and take the full profit 1pm sonar trades uh again we'll delay if there's news we look at sonar which is a subset of magic eight ball it's a very special chart and I actually wrote code so it can live inside of thinkorswim but it's problematic which is why I wrote the chart because it's way easier just to look at a chart and then I would manually construct the trade and I'll walk you through how I do that I do want to automate this part in the future I'm just not there yet I've been super busy with life um part of it is I would find the range and it's on the chart it's dead simple but I'll take that range and I'll add and minus 10 points to that range or ten dollars to that range and I'll account for directions so if the Market's just ripping up I'll do my range but then I'll move it up just a little bit because I know that Market's moving in an uptrend and reverse for a downtrend obviously and then I'd watch the trade and uh honestly sonar was a little problematic when I started it but you'll see as we go through the days that it actually just really started kicking butt let's go ahead and see how I construct these trades the sonar trade is a little bit different um so we've got all of the charts and indicators and everything um towards the end of the day they're not really super helpful I'm just gonna level with you here so what I'll go is I'll go into ad simulated trades expand this out you see these bright green boxes that's called sonar it's actually a script I wrote and before you get super excited no it does not auto update and it's got a whole host of other problems but it can live directly inside of thinkorswim so like I can just change the metric here if you're furiously screenshotting don't worry I can actually tell you how to get the full code but you know you have to manually update it but it can tell you exactly where that Market's going so we're really looking for an end of day right around 4490 but we have all this draw down here and this is where you gotta kind of play around with it a little bit gets a little cumbersome here I know you're saying well you said it doesn't auto update and I just saw that green box pop up I'll explain that in a second so we're going to set the threshold for 45 000. I'm going to hit OK and what it's going to do is it flips to not a number and then it recalculates and everything above 45 000 now gets highlighted and if you watch you'll see these numbers change and grow and shrink and that's how we're really highlighting these cells really sonar if we look at it is a modified version of gamma exposure it's very very simple the problem is displaying it inside of thinkorswim is not simple and I know I'm going to get a million comments of why don't you make an indicator think script is horrible it is absolutely horrible and then I'll get a million comments of why don't you go to a ninjatrader or go to tradingview or go to X or go to y or go to Z the problem is what sonar does is it reads the entire options chain and in this case it reads the individual cells and you can't do that with most places like trading view won't let you do it thinks script won't let you do it I mean I could go on and on even yes interactive brokers somebody's going to mention that won't let you do it so this is about the best I could come up with unfortunately this is horrible to work with I mean how do you really tell in this block of green stuff where it's going to go for that very reason I actually added it directly into the prediction models so if we just scroll down I'm going to jump to present here you'll see and this is the paid server of course we have our prediction with our text wall and we have the example trades and you notice that sonar is not in the example trades we have butterfly iron Condor vertical so sonar trades I'm building by hand and I'll use the actual charts so I'll look at this chart and say Yep this bright green line is the soon prediction meaning we think it's going to go up there soon the dark green line is the end of day prediction so we're actually below both of these so I'm expecting the price this pink line to pull up probably about the middle of those two and then we have the individual metrics here so we have volume interest Gamma Delta there are many many more there's like I've identified 16 within the market but these are the four major ones that I really watch um they all kind of tug and pull at the price action um and then here's the sonar chart that takes that green mess that was in think or Swim and puts it into a very simple easy to understand chart so what I'll do is around one o'clock of course I'll check the news I'll come into this chart and it's very simple I look for this magenta line that's where we think or sonar thinks that the price action is going to land around 4487 and these yellow lines you see we've got a high and a low at 4 500 and 4475 those are the ranges so what I'll do is I'll add ten dollars and minus ten dollars and I'll make a little range and then I'll make a condor around that special note you'll notice the high is four four seven five and the low is 4500. it's kind of like breaks your brain because you're like no wait a minute 4500 is higher no what it's saying is four four seven five this Spike down here has more metrics behind it has more pool and that's where we get this direction it's going to pull down so even though the Market's been up trending we are anticipating a slight pull down to four four eight seven um now let's go into thinkorswim and where are we at so 4487 would be about right here so you can see that's how it gets a little bit confusing so we have this giant number 54 000 but it's going to pull down a little bit because these two numbers forty nine thousand forty seven num 47 000 are slightly different than these numbers and you have all these metrics pulling and tugging at the price so it takes into account all those things I'm babbling but it does all the math for you so you don't have to do it uh because I absolutely not a friend of math all right let's flip back here so looking at the chart we got forty five hundred and four four uh seven five and what I'll do is I'll just generate that manually but I also I want to put it in here I put it in option fills uh I do both so at the 10 a.m you see 10 a.m right there I said these are the trades I'm gonna test or jump into some of those I actually to put real money in and then around one o'clock [Music] end of day sonar and then we did this trade right here so I'm just going to copy this now I don't always do that like if I'm busy in a meeting or something I don't do it I let you figure it out but let's go into the risk profile opt us in oh order no order in the clipboard let's see what I screwed up this is the thing I hate about thinkorswim is it's very very finicky if you don't get all of it it will say it's not well defined or no order entry so start with cell and go all the way to the end the LMT there we go and I'm going to analyze this and this is real time this is what this looks like right now so what I've done is when I constructed this thing 53 minutes ago I expected the market was going to pull up a bit so here if you see this little red line right there is where the price action actually is I'm expecting it to pull up a little bit more but it gives us so much room and so we would be getting 90 credits to enter this but we are risking and I'm looking at this little box down here where it says negative 410 we're risking 410 dollars to make about 50 bucks according to that which I question that because the actual trade was around 90 when I enter it so sometimes the analyzer betrays us again that's the time difference of 53 minutes if I unlock this let's see where it's worth no it's actually right around 90. kind of curious why it's saying that though oh that's why let's unlock that nope that's 92. again it's not an exact science and sometimes you gotta mess with it here so I'm going to delete that I'm going to delete that I'm going to show you how I would actually construct it so again I go in here and we're just going to do this in real time I'm gonna grab this chart so we've got 4475 and 4500 I'm gonna go into thinkorswim add similar trades if you have the sonar script that is a huge help because you can highlight where you need to go so we said four four seven five to forty five hundred right here so we got kind of a tight range so I'll add minus 10 so I'll go to 4 4 60. actually four six five right click analyze sell trade and I'm going to go to iron condor and it makes this little guy here now if you look at this it's way too small what did we say 4500 so now we have to kind of bump up these numbers a little bit so I'm going to go up to 45 10. and this is where it gets kind of bothers me I get these screwed around all the time there we go we basically construct a condor so if I were to enter this right now I've got that you know let me pull up some Splitters here or I'm sorry slices break even so these are the little guides helpful so we said it was between four four seven five so about here and 4 500 here so this these two dotted lines represent the range of sonar that we think this is going to land in but you can see I added a little extra padding off to the side here on each side that way if I'm wrong because I'm only human and it starts sliding it gives me time to either eject out of the trade or I can just hold my breath and see if it would be successful but that's how you would construct a sonar trade the rules for sonar get a little murky I'm trying really hard to make it super simple because a lot of this is very subjective uh to me sonar is just as much science as it is Art the normal style I'll start looking around 1pm in the afternoon sometimes it's earlier sometimes it's later depends on my schedule depends on the news and I try to stop these out at 1X meaning because it's so late in the day I really don't trust the market and I just want to stop these out if it's not going in my favor but these are you know I want to hit that 100 profit margin so if it's going in my favor I just let it go trust your instinct an example of this would be entering collecting 100 premium stopping out at negative 100 so really you don't want to lose too much money in these the expired style of course is just fire and forget take the trade run at the expiration come back and see what happened foot loss on these is not great but it's not horrible because I try to do a three per three to one wrist reward so I'm risking say 300 to make a hundred dollars so as long as the system is accurate you know to a certain degree these are going to continually win and win and win and then we will account for losing money just because the accuracy in the system gets better and better the results for sonar now the range is 622 to 8 3 notice I'm only got 29 trades I did skip a day um the reason why there's only 29 days instead of 30 is because I started doing this video started 30 Days of Magic and someone in my group said why don't you include sonar as well and I said it's still pretty experimental but they convinced me so here it is only 29 days but here are the results uh the normal style I stopped out five times profited 24 times for a success rate of 79 profit of about 1283 dollars again these are one contract per trade for 29 days uh expiration style lost six of these 123 for a success rate of 74 percent profit 990 you notice there's less profit because you got that three to one risk to reward ratio so when these lose they tend to lose very rapidly um again I I kind of follow a blended approach where I will do the normal style of trading but if it looks like the Market's going to work for me I just try to run it to 100 percent and as we go through all the trades you'll see at the very beginning I'm kind of like haphazardly doing these and then I get better and better and better with experience okay all results I wanted to put this into one nice sheet just to make it very clear what we're talking about here and if I messed up any of the numbers apologies I'm not trying to mislead anybody this is just a lot of video editing for me um so one contract per trade for 30 days and then I've got you know each Style on the left under the trade column and then I have the type whether it was normal or the expiration style under the profit and accuracies for each one butterflies I have a love-hate relationship with butterflies um the normal style profited 4311 for an accuracy of 64 percent the expired style was slightly more money at 4634 at 42 percent iron Condors are Workhorse of the system shout out to ax options uh normal style 964.93 accuracy that's amazing accuracy um Iron Condor exploration style 361 dollars with 93 accuracy that's just throwing these massive Condors out there and forgetting about it that's still profit vertical normals again these verticals kind of emulate a lot of the folks that are in ax options vertical normals 637 for 85 accuracy um and vertical expiration less accurate at 80 but almost double the money uh twelve hundred dollars 1216 dollars sonar this is still fairly experimental and this is me manually creating them I consider this both you know an art and a science and admittedly there's some days where I completely screw it up and there's some days where I'm like holy crap I did that so sonar normal 1283 dollars for an accuracy rate of 79 percent uh sonar expiration 990 dollars with an accuracy of 74 percent so I'm fairly happy with those numbers now remember this is just one contract this is going the lowest dollar amount you can get this is the low end of the spectrum that we're talking about I always get asked the what if style questions what if you did this what if you did that I know one of the questions is going to be how does this scale what if you did five contracts so that's what the next two slides are this slide is five contracts the next slide is if you did 10 contracts exact same accuracy at least it should be unless I screwed up and the numbers are just multiplied times five because they're five contracts so butterflies normal would be twenty one thousand dollars expired style would be twenty three thousand dollars and the uh iron Condor normal four thousand eight hundred dollars iron Condor exploration 1800 vertical normal three thousand ish vertical expired six thousand sonar uh normal 6400 and sonar expiration 4950. um so those you can see just by increasing the contract size with that accuracy staying the same you greatly start increasing your profits but at the same time you are of course putting more money on the table to make those trades so do trade responsibly I know these numbers are going to get some people excited and some people are going to say well I call complete BS on this okay I encourage you to go into the free server or even take the 30-day trial and show me what I'm doing wrong um I have a very open mind and I'll admit that I'm human and maybe I'm not making as much profit out of these as I could okay all results 10 contracts this is the last slide I'm going to do on the number of contracts you could take this out indefinitely to like you know 100 contracts or a thousand contracts whatever your bank account could handle um this is what I call the edge of sanity this is my small account could probably not even handle this um all results for 10 contracts butterfly normals forty three thousand dollars butterfly expirations forty six thousand dollars iron Condor normals nine thousand dollars uh iron Condor expiration three thousand six hundred vertical normal 6000 vertical expiration 12 Grand sonar normal uh twelve thousand dollars and sonar expiration nine grand it's worth noting in this as you look at the numbers the accuracy stays the same of course unless I screwed something up but look at the profitability between the verticals and the sonars and you see that the sonar normal playing it safe is making just as much money as the vertical is just throwing your money into the market and praying so sonar I'm I'm not sure what it is about the trade itself that is making that kind of money other than I think you're getting more premium uh because you know a sonar isn't a sonar trade is an iron Condor but it's a much smaller much tighter iron Condor so you take two verticals of slap them together and you're getting more premium I think that's part of it right there I definitely welcome your comments down below and I hope you do join at least one of the servers and review it and let me know okay let's go ahead and review every single day yes that's right I took screenshots of every single trade for every single day for 30 days this is going to be a lot of video editing bear with me if there's any mistakes all right before we dive into the individual days I wanted to cover my methodology so you don't ask a bunch of questions because we're going to go through each day very very rapidly I've got a lot of Trades to cover so over here on the left I have the day the trade type the normal profit the expired profit whether it's stopped out and whether it expired in profit so what this means is on day one this is a butterfly and you can see the actual trade here and you can see the trade down here highlighted with a little check box next to it that's the actual trade normal profit is if I traded it like a normal human being meaning I took profit and I had a stop loss expired as if I just ran it to expiration and then of course whether it stopped out whether it expired now if you've never seen the analyzer tab in thinkorswim this is what it is it's right here you click analyze and then you go to risk profile and you make sure the check box is checked for whatever trade you want to analyze this blue or teal line represents end of day and where this pink line you can barely see it because it's right on top of it represents I think it's the profit curve or the time and trade I can never remember basically that means if you were to close the trade right now at that moment in time that's what it would look like versus the blue line which is end of day these screenshots are as you can see up here in the corner taken at end of day the good thing about these is I can zoom in I can zoom out these are just screenshots at the end of the day this was taken at 1604.55 on June 21st but it gives you a good idea of what we're working with here I simply at the end of the day took a screenshot and then recorded the results now the green line represents the price at the end of the day I actually drew that line for every one of these slides so you don't have to ask well where did it actually end up you can actually see I think this green line right here so on day one this butterfly pretty much pinned and we call it a pin when it's right here in dead center so it expired for full profit of fourteen hundred dollars now because I don't like to play chicken with my bank account even when I'm doing paper trades I did exit the trade for profit earlier on so it only made 929 dollars pretty simple so what we're going to do is we go through these slides we'll look at the day the trade type the profit for each style and look at the actual analyzer tab A1 butterfly okay this was almost a perfect pin for the first day I was pretty exhilarated uh buyer beware I am not good at butterflies and the code in the system reflects my not goodness my inability to just make a butterfly work so you'll see that the normal trades are kind of haphazard for butterflies in the beginning and then as time goes on I get better and better at them this was just a lucky day for me to be brutally honest but normal profit was 929 dollars it expired for fourteen hundred dollars it did not stop out and it did expire in full profit as you can see the iron Condor for the day was a normal profit of 30 meaning I took profit at 50 percent uh I don't like doing that in Iron Condors because between broker fees and taxes it's going to eat your profits up um it expired full profit this is pretty common for iron Condor so you see that green line is dead center I mean look at this dead center of the iron Condor I mean it's right there um so that Condor was never challenged uh did not stop out and did expire full profit vertical um this one this takes a little bit of explaining you see where it says normal over here negative 150. what that means is this green bar the price went over against our vertical and went into what I call the bad Zone which is you see this drop off here this right here is the zero Line This goes across screen anything above that zero line this blue bar is profit anything below it is not profit you can see the negatives right here negative one negative 200 negative 300 negative 400. so at some point the price action dipped down and this is where that profit curve that magenta line comes into play because you can still be within the boundaries or the safe zone or the break even of the trade but you could actually lose money so what happened is this green bar starts swinging this way very very quickly and I said I'm not liking that it hit my stop loss and I took the stop of negative 150 but then over the course of the day this is pretty common it swung back and the trade would have been full profit of sixty dollars this is you know kind of the risk trade-off uh and I mean those of you that are skilled at trading probably know a better way leave your comments below but this is you know one of the risks is that you could actually stop out on a trade that would have made money all right day two butterfly here um you can see how it's negative 615 remember this is zero right here that's our zero line these little red bars are our break even anything above is profit anything below is not profit the green line is the price action so we're down in the negative territory at negative 615 dollars it's negative 615 for normal and expired because I never stopped the trade out it was actually over here and then towards the end of the day I just went oop adios goodbye and lost the money again I get better and better at butterflies as this goes on but this was an example of just my stupidity uh it did stop out did not expire on day two iron Condor normal and expired full profit 55 bucks did not stop out did expire but you can see this green line it was here and it just rapidly started moving against us it started see this magenta line here let me zoom in this magenta line is our profit curve once it hits that it's really going to start challenging this Condor and you'll start losing money very rapidly you want to make sure that you don't go past that bar because that's your break even ignore this orange dotted line that's just a slice inside of the analyzer that you can move around um it just so you can help see where things are I just simply forgot to remove it for the image sonar it says day two sonar this is a little misleading because it's the first day I did a sonar remember on the second day people were begging me to do these it was a swing and a miss negative 46 dollars and when I say Miss I mean look barely missed it's right there I mean we are like not even 50 bucks off kind of depressing that it happened on the first day but it is what it is end of days are always risky so we have negative 46 for normal and expired meaning it moves so fast I couldn't stop it out in our vertical of course these are our Workhorse of the system this thing just worked um we normal 70 and expired 70 meaning the price went this way and around 50 I said you know it looks like it's going to keep going so I just let it go and we got full profit out of that absolutely love it textbook vertical day three butterfly um normal profit of 525 dollars and expired for 690. what that means is you see this green line it was going into the center here and then started moving backwards so I grabbed the profit and then it kind of moved back again and I got it for the 690 expired but it did not stop out it did expire in profit butterflies are challenging and you can see once it hits this break even line it gets very scary very fast those numbers go into the negatives very quickly iron Condor was never challenged look at it just dead center normal profit 40. I took the profit when I saw the price kind of move but it snapped back dead center this is what I love to see for iron Condors um again if you just want very low risk trades I'd go with the Condors I have to back up when I say low risk I mean higher percentage chance of expiring the money you're actually risking a lot of money to make low profit all right sonar for day three again a swing and a miss um maybe I hit stage fright when I do these trades I do them in front of a live audience so there's like 200 people watching me do these things and it gets a little nerve-wracking at times normal profit was negative 170 meaning this thing's shot out down here and I was like oh no so I took the stop but it did snap back and expired for negative 20 dollars in our vertical another textbook vertical I mean it just went in the direction we wanted to go even though it started slamming back against us I mean let me zoom in here it never really even challenged it it just stayed right above that profit curve there so I was pretty happy with that all right day four butterfly the market went down and just laughed and laughed and laughed and all we could do is write it down negative 600 normal negative 600 expired again the market just shot against me and I wasn't able to stop it out um I I have a love hate with butterflies because they can be amazing when they pin but they can be horrifying when they go against you um it's worth noting I'm working on new butterfly codes so you don't have this huge risk but the new code has the same wrist or reward profile all right iron Condor you can see the iron Condor was starting to get to the point it was going to be challenged I did take a profit for 25 bucks so it was 50 profit but it did expire at 48 dollars sonar was a win everybody was like Yay so sonar at 115 bucks it expired for 150. what that means is I took that profit because I saw that needle moving against me very rapidly and I wanted sonar to be a win expired for 150 always a good thing in our vertical this was not a good day for the vertical I put the trade in and immediately the market went against us we took a stop of negative 160 meaning it was over here actually it was like down in here somewhere and then it just kept going against us for a negative 422 dollars now when you see these numbers bear in mind that if you're a normal Trader you're looking at this normal number not this horrifying expired number down here all right day five butterfly again not a good day for a butterfly uh normal and expired both negative 900 um this is just my inexperience with butterflies and trying to stop them out and the market just said goodbye adios so my 401k loved it because all the numbers in the stock market moved up but this butterfly just got left behind so it did stop out did not expire iron Condor got challenged this is one of the few iron Condors that actually stopped out so it has a negative 120. this is what I mean by stop loss for an iron Condor is critical because one loss on an iron Condor can wipe out two or three days of profit you gotta be very careful with these and never never take an iron Condor to Max loss um and it expired at forty two dollars meaning you see how this magenta line is here curved it means the price was down in the negative even though we're in the trade and then I stopped it out but during the course of the day it stayed within our profit 10 here not super happy with it but that's the nature of trading sonar however was dead center this is where I start really getting a feel for the sonar trades uh I did take my profit collection at 75 bucks and it expired at 100 bucks I mean look at that just dead center absolutely love it when it does that vertical another textbook vertical day I did collect the profits at 40 because the needle moves so fast and it expired at 80. again this verticals kind of follow ax options and how they do things and I don't want to give away their secret sauce I'd highly encourage you join their group I've learned a lot from them and they're a great group of people and no I'm not being paid to say that um but their methodology is they typically take profit at about 50 percent and it's actually a pretty solid methodology as you can see A6 butterfly not a good day for the butterfly you can see it's right here so our normal was negative 700 again I do get better with the butterflies as we go on and I actually stop these out much sooner as this whole experiment moves on but it did expire for 214. um butterflies have a huge huge drop off here I hate that iron Condor not challenged I mean normal and expired 43 bucks did not stop out there's been not a whole lot to say there uh sonar was getting challenged towards the end but I wrote it right into profitability for a positive 140 on normal and expired you can see how it's right right right at that edge where it's going to be challenged again sonar trades are in the day so you got to be kind of careful and vertical you know another good day for verticals uh I took profit at 90 when the market started getting weird at the end of the day but it did expire for 103 dollars looking at day seven butterflies off to a strong start here you can see it was slightly off not a pin but probably about 50 percent of the way to a pen uh normal was uh for 543 dollars with the expired of 895. you know the drill I saw profit took profit and then if I just let it ride it would have been 895 did not stop did expire iron Condor really didn't even get challenged but it did get off center here for normal profit of 48. yeah I actually took it when it started going off center uh just in case and it expired at 50 I mean that two dollar profits negligible and sonar almost dead center I love it when it does it I mean look at that thing right dead center there 100 profit now you may be asking yourself days like today with that pink line what does that mean so look at this where it says 1602 what happens is at 1600 or 4 pm Eastern Standard Time that blue line is what matters the most and then overnight SPX will quote unquote settle meaning if it's within our profit tent you get the full profit so normal was 60 expired with 95 did not stop did expire out and vertical I hate to be repetitive but another text but vertical where we took 50 profit and we let it expire out at ninety dollars uh did not stop and did expire on honestly I really textbook vertical day it was actually a pretty boring trade day eight butterfly um kind of the same story it was headed towards the middle and then it kind of shot off to the side so I took profit when I could and I'm glad I did because it made more money than when it expired so the real question becomes how do you know when to take profit and how do you know when to just let it run I have my own personal philosophies on that for a butterfly I would not let it expire even though you're going to see the numbers just be you know amazing for butterflies in the system when it comes to just firing and forgetting it but that's because you're risking so much money me personally I don't like to risk money so I take profit when I see it iron Condor again the profit on these is so minimal I've actually thought about retooling these so the profit margin is bigger but it expired I'm sorry the normal 22 it expired with 32 dollars did not stop did expire almost dead center in that condor sonar uh slightly off center but still a great trade uh normal of 82 dollars and expired of 85 so you may be going well why do you take this at 82 if it expired 85 you got to remember this is going down like minutes before the market closes and you don't know what that green line is going to do I mean it's starting to go that way so I want to capture that profit before it really starts going into this magenta curve here because that's when you start losing money very rapidly and if you go to get out of the trade even if it's like right here you're still going to take a loss you want to be very careful about that because this little red line right here that's your break even so if it's moving towards that red line you want to be very cautious and let's see the day 8 vertical started to really get right at that point where it was going to start challenging it and that was making me a little nervous however normal 100 you can tell that it started sliding back and I took the profit and expired at 110 did not stop did expire butterfly again kind of off center here about the 50 Mark normal profit 500 expired 591 saw profit took profit um Iron Condor normal 30 expired 42 dead center in The Condor I love those dead center days where you're just a zero risk um a lot of people look at that number and think man that is so low why even bother with it but remember if you take multiple contracts that can go up exponentially based off your buying power and of course sonar um slightly off center normal 80 expired 105. you can see I'm getting better and better at sonars as this goes on we're at day nine we're already seeing win after win after win so that's actually very encouraging to me at that point and then vertical again I mean just sounding like a broken record not even at that pink line yet so wasn't really challenged I had already cashed out long before then but it expired at a hundred dollars um the goal of this software is to make trading boring to be honest with you I think it's actually starting to get to that point day 10 similar story butterfly took profit at 6 30 expired at 688 you can tell it was kind of sliding against me um you'll also notice with the butterfly you see this pink profit line is not within the blue profit ton I've often wondered that so I did some research and I don't know how accurate this is but that actually exists based off of the metrics inside of the options chain so for example if the price screen line suddenly dropped right here there would be a few moments or a few minutes where that pink line would hold right there but then you'd see it shift very rapidly and I've actually watched it on the screen do that so if there's some way to capture that I would actually start coding towards it I just haven't wrapped my head around it yet um Iron Condors similar story and they're very boring forty dollars versus fifty three dollars um it was not even really starting to get challenged but it was a little off center and sonar uh this one got a little scary right towards the end not gonna lie uh normal 95 expired 95 meaning I wrote it all the way to expiration that day um you can see this pink line how it's really skewed that way uh meaning that that's the way the price was going is really ripping up fast and it was going to be very hard to stop that out if it went beyond my bounds and if I zoom in I mean you can see just how close it is right at that magenta line where it's just starting to threaten this thing personally that close to the edge that's threatening to me because I have a small account and vertical vertical absolutely got threatened this time around look it's like right there the pinks over here and it's just like hello um that's super scary because when you got these verticals you get too far beyond this and you're literally just falling off a cliff into the negative so we had cashed that out early at 42 dollars and it expired at 68 um the goal of this like I said is to make trading boring and that was not a boring day at all okay butterfly day 11 negative 125 normal negative 125 expired um I really struggled with this day I'll admit it it just it started slamming against me and I just said you know what I didn't think it was gonna recoup so I just cut my losses and I'm kind of glad I did um I just said I'm done see a butterfly admittedly it's not really a great test to what the butterfly can do but it's is what it is for that day uh condor uh thirty seven dollars and thirty seven dollars so it was perfectly fine and sonar big big Miss on Sonar um this is why stop losses are key normal took a negative 138 expired took a full loss of negative 420. this is what I mean by a full loss on a sonar trade is not great but of course losing money sucks in any language so we would have to make you know three to four trades successfully to recoup that loss that's why stop loss especially condors and butterflies is critical vertical um of course I mean just look at that I mean right there right there right there right at the break even that is so frustrating um but normal we actually collected 75 bucks it was over here and then the price slammed against me very rapidly um so we're glad we collected when we did because the market expired at a negative 62. this I think is really a testament to uh how professional Traders like enacts options in advance learn with by the Numbers how they actually do things because when they see their profit limit they just take it they don't wait for something like this to happen all right day 12 a new day uh butterfly 635 dollars where the expiration was 1035 I mean look at that beautiful right there almost I want to say about 80 way to pinning it um I would love to be able to figure out how to pin a butterfly every single time I just don't think it'll happen in my lifetime uh iron Condor 40 and 45 I did cut my loss a little bit early because the market was getting a little bit weird sonar you can see where the the weirdness started whenever I do these sonars I car kind of I call it drift where it was about right here is where I thought the market was going to close and you can see I mean as as amazing as it is that it's that close it's still a bit further off than I felt comfortable it was starting to really hit that magenta line where things would have gotten bad very rapidly uh but in either case it was 85 and 85 so profit day all around vertical again we took our profit at 50 so 32 dollars and expired at 65. so another textbook vertical day all right day 13 butterfly um we were 527 profit we cashed out glad we did because it expired at negative 820. this is a perfect example of why I personally would not run a butterfly to expiration because this kind of crap happens all the time where a butterfly will be in the positive and usually in this system it's about 300 400 in the positive and then suddenly it becomes negative so you try to collect those profits when you can iron Condor it did normal and expired at 50 but you can see this got very scary for Condors I mean just a fraction above a move more and we would have been looking at some loss not a fun day for a condor sonar um yeah did not have fun with sonar luckily I did cash this out when I started seeing the market move remember sonars are manual trade so I construct them and I sit there and watch them uh got 50 bucks out of it but then the market ripped up and I lost 391 just the nature of condors and vertical yeah magic eight ball is not perfect it gets the direction of the market wrong and in that case it stopped out at negative 175 very early on and I I think it expired at 4 35 but I think when it stopped out it was actually still in the profit 10 it was like right in here somewhere and I just went goodbye it is what it is I'm trying to improve the software and nothing's perfect but you know again compared to where this was a year ago it is vastly vastly improved all right day 14 butterfly um it did move against us very rapidly first thing in the morning stopped it out at negative 420 you can see I'm starting to get better at stopping this out at a lower number um but then it shot back up and expired out at 237 super frustrating when that happens I agree but it's just part of trading uh Condor same thing Condor actually got stopped out you can see it was a negative 40 uh expired at 40. so it was just one of those days where I was like I'm not taking a condor to full loss I'm stopping this out and then the market turned around and well went the way we wanted it to um we'll see here sonar uh 80 profit 80 expired and it just worked I mean sonar just kind of became one of my favorite trades around this time of the experiment because I was getting very comfortable with them and I don't know if you've noticed but I've also started making these a little bit wider for slightly less premium so for these Condors I've been shooting for about 80 to 90 premium instead of uh 120 or 110. and vertical actually did stop out you can see how it took a negative 150 but it expired for 90. super frustrating it went out here and then right back again it's just part of trading all right day 15 butterfly um we're talking a normal profit of 300 and expired at 399 we got kind of lucky that day you can see how it's kind of teetering towards the edge normal 40 expired 40 for the iron Condor you can see it was kind of starting to threaten it a little bit but not enough that I really felt the need to jump out of there sonar started to get a little scary but of course normal 85 expired 85 love those days where it's in that I call it the 75 range where it's in there where I'm not feeling too scared to the point I stop it out and vertical absolutely zero risk of this thing stopping but I did collect profit at 50 just because I was feeling a little uneasy with the market based off the butterfly however it expired at full profit with 88 dollars um I personally I'm really torn between verticals or sonar trades even though sonars are just iron condors and I'm thinking about retooling the giant iron Condors to be a bit smaller to collect more premium but they will of course impact the accuracy it's kind of a trade-off I haven't decided yet butterfly day 16 a normal profit of 330 and expired at 522. you can see this is where even though it's taken me half a month I started finding my groove with butterflies and I was starting to collect profit around the 300 range and if it started to dip down into the negative I tried to cut it at negative 300 but uh expired at 522 pretty I want to say pretty common for butterflies where it'll start going up and then start going back it's just the ebb and flow of the market Condor 5050 a good day for the Condor I mean really not a lot else to say there uh sonar dead center absolutely loved it I mean look at that I mean you couldn't make that more Center I was super proud of myself however whenever you can get cocky the market will humble you very quickly so you gotta be careful I did take profit at 75 it expired at 115. vertical uh normal 45 profit so we collected 50 and expired at 78 you know you see the market did exactly what we thought it was going to do and life was good day 17 this was a scary day for the butterfly I took the profit at 330 you notice how I'm starting to Target about a 300 profit on the butterflies and it expired at 52 bucks so we had profit and then the market said see ya and we're kind of glad we collected still was a positive but I mean you can see just how stinking close that was to go into the negative um yeah you got to be super careful with that because the market can just make you cry very quickly uh iron Condor uh 50 50 not a lot to say just another successful iron Condor day sonar another dead center sonar you notice this one is a little smaller um the market for whatever reason when I took this trade was not really giving me good option fills is it am I saying that right option fills premium and you'll also notice that I took a higher premium I'm down here at 110. um this could have gone against me very rapidly so this honestly was probably luck which is why I took profit at 75 it expired at 115. vertical again took a 50 profit it expired full profit at 78. I mean just rinse and repeat with the verticals just make money and print it print it print it day 18. yeah I think I said earlier once you get cocky the market will humble you this was that day uh it stopped out at negative 400 so it stopped out around here and the market just said adios and whoop off it went for a full full loss on that expired butterfly that is a painful loss fortunately by then the system had made enough profitable butterflies it wasn't super painful iron Condor did start to get challenged but normal and expired full profit sonar that one got scary uh sonar actually stopped out at negative 100 but expired back in profit 80. I think if I remember right this actually like shot way up and then at the last minute drop back down but it already stopped me out and vertical I mean this was just an amazing vertical I put it on collected it 50 expired 72 I could have just let my Runner run and just watched it into the bank okay butterfly day 19 normal 300 expired 431 you know so I'm really starting to just collect profit around 300. learn my lessons with butterflies by this point and I don't like them making me cry iron Condors absolutely not threatened at all just a normal Condor day that is a weird weird way of looking at it it's a normal Condor day to win I mean these have such an amazing accuracy because they're so big that I'm very confident that most of these Condors win uh sonar dead center another great sonar day 50 profit actually more than 50 profit and an expired out of 80. um I'm actually at this point in the experiment getting very comfortable constructing these sonar trades vertical uh was not comfortable with that vertical so I took the profit and ran it expired at 85 but you can see that very very easily could have gone against me and you were right at that threshold I call that the Fun Zone you don't want to be in the Fun Zone butterflies for day 20 uh 527 profits was actually over in here and then the market said goodbye and went down to negative 800 by expiration so again see profit take profit I know you hear a lot of the professionals say that and that is exactly why right there if you're greeting you hold this thing you could very easily lose all that profit you would have made iron Condors not really challenged but moving into the direction of being cautious normal 40 expired 40. sonar this one made me mad not gonna lie I thought I made the perfect sonar and the market said today's the day little buddy and it decided to Humble me stopped out at negative 100 and it expired at seven dollars not even joking seven dollars I mean come on ah anyways vertical uh another great vertical day I just rode this one all the way to the bank um 53.53 and you can see it was not even remotely challenged um I'm trying to get a real good feel for when to run these to full profit I haven't quite figured it out yet but I'm just starting to get a gut feel and watching the market day 21 butterfly again we took profit around 350 so it was over in this range and it dropped down and expired at 125. um butterflies have a habit of betraying me so I'm getting better at collecting the profit iron Condor I mean dead center I mean that is like a beautiful Condor I mean you could just go watch a movie and come back there's zero threat to this thing I wouldn't do that but you know what I mean you could do that uh sonar was starting to get threatened you can definitely tell by the profit curve here that the market was going down but regardless full profit of 90 expired of 90. and vertical again you can just sit back and relax and watch the money print into your bank account however I did take a 50 profit and watch it expire at 65. day 22 butterfly I I mean they say a picture's worth a thousand words in this case it was worth about fifteen hundred dollars uh I collected profit at 300 and then just sat here and watched it pin and was like man I wish I knew it was going to do that but uh I mean what can you say butterflies are like that iron Condor another full profit day for the iron Condor 40 and 40. uh what more can you say it's just making money sonar um sonars again 50 profit took Profit just over 50 and expired at 75. um getting very comfortable with sonars at this point I'm not like gonna say I've mastered them but you notice the 80 premiums rather than the one or the 110 are actually making way more money because they're getting stopped out less verticals right at the edge of concern but I did write it to the end of day why did I write it to the end of the day I don't know to be honest with you I should have cashed out at 50 but it made full profit so I'm not going to complain day 23 butterfly uh normal and expired 559 uh this was a very calm day so I just rode that butterfly to expiration admittedly a poor choice I should have just cashed it out of 300 but that extra 200 does help um again I I you got to watch your risk management this is not Financial advice but in the real world you should take profit and you stop loss iron Condor 40 and 40 another boring iron Condor day sonar this got exciting towards the end of the day you see I did cut it at 90. I mean it was right here and that market started moving and I said nope cut it and took the 90 profit however it did expire for 100 got lucky and vertical um took the 65 profit watched the price go here and then slam back and it expired at 100 but I thought for sure that was going to slam back further so that was an interesting day for the vertical all right day 24 butterfly again I did something very foolish I ran that butterfly to expiration but it was a profitable day again risk Management's key don't do that even though I got lucky iron Condor normal and expired 78.78 a very boring iron Condor day uh sonar 105 and 105 I you know sonars are just iron Condors so it was pretty boring one thing to note on this one is the premium was 110 and you see how big this Condor is compared to the other sonars if I remember right volatility was up a little higher and I took this trade a little bit earlier vertical just you know fire and forget but the vertical out there and just ran it to full expiration worked pretty good you'll notice the premium I'm collecting is about 1 to 110 and usually not today but usually I take about 50 profit very in line with it what ax options does I don't want to steal their magic or their Thunder they are way better than I am admittedly I just wrote the software and I let the software do the thinking for me that being said I'm interested to see the long-term results of verticals versus the sonar trades because I think the sonar trades are winning slightly more and collecting a little bit more profit day 25 yeah you ever have one of those days where everything just works yeah that was not day 25. you can see we took our profit at 380 and boy am I glad we did because it expired at the full loss of negative 2000 that is a super painful loss for butterfly watching your bank account divvy down to by 2000 is not fun so very glad we took profit on that iron Condor this this would have made people cry if they were in a real trade so it stopped out at negative 90. this is why you use your stops it would have been a 10 times loss if you ran that expiration running an iron Condor to full expiration on a loss or I should say running it to a full loss that's a death sentence for your bank account to be honest with you um and there wasn't much you could do I'm really glad that stopped out the way it's supposed to sonar also stopped out and expired at the full loss of 410 I think if I remember correctly what happened here is the market was very um fluctuating back and forth and then towards the end of the day it just dropped hard and fast and no one could do anything about it verticals however just did not care vertical vertical peeps you out there were just sitting back with a coffee or a whiskey whatever you're drinking and just watching your money print um not even remotely close to being challenged the actual edge of the vertical dropped off this little radar here just whooped right off to the side no worries whatsoever but of course we followed our rules 35 profit expired for 50. Day 26 could not be the polar opposite of the day before we took profit at 261 because I was a little shell-shocked from the day before and of course the butterfly almost pins at twelve hundred dollars uh iron Condor nothing to worry about there 42-42 slightly off center not a big deal uh sonar same thing 90 90 for the profit slightly off center really not even worried about it vertical again 92 92 uh kind of at that point where I was getting a little concerned but it just kept kind of bouncing right in this range and didn't go much further back day 27 butterflies um normal profit of 340. again I'm shooting for about 300 profit per trade and expired I'm pretty much at Penn at 12.89 I mean you couldn't really get too much closer to pin on that one it was right there [Music] um really got to figure out how to pin those consistently iron Condors no worries 43 and 43 it just it was an easy day sonar uh started to worry a little bit you can see how the price was starting to move against me but regardless ran at the full expiration for 100 and expired at 100. and vertical um really didn't care I took the 50 profit which is way over 50 because the market was doing this all day but then when it started moving back against me I said nope took the money and ran it still expired full profit at 60. day 28 um butterfly normal 320 profit again almost pinned at 1230 I mean man that's the stuff that dreams are made out of right there um I would love to say the software got vastly more intelligence toward the end of this but honestly it was just the market was much calmer and it was blind luck iron Condors you can see dead center well close to dead center 4343 for profits no worries there in condorland sonar also almost dead center if you look at the profit curve the time and profit it is let me just slightly off dead center for normal of 110 and expired of 110. just a great money making day and vertical you know no worries there took the profit at 50 expired at 68. 8 29 day before the end of the experiment and oh that was a rough start to the day that butterfly took a stop of negative 300 and expired at negative 543. so this is what I mean by the software did not magically become better the market was just calmer uh iron Condor was right at that point where I think it was going to start to become challenged and too much further and I would have considered just collecting profit but we took the full 52 dollar profit and it expired at 52. sonar I did collect profit at 90 because like I said the market was acting a little weird and expired at 115. vertical I love verticals it just did not care what the market did however I collected my profit at 50 and expired for the full 70. day 30 uh our last day frustrating day for butterflies it stopped out at negative 300 so it was actually over here somewhere and then snapped back down for a 402 profit ah that is frustrating but what can you do Condors not really threatened at all 48 profit for both normal and expired and sonar this one was nervous I wanted a good ending so admittedly I gambled I mean really really gambled look at how close we are to falling off that cliff should not have done that but I wanted a good ending to the story for sonars and we had a happy ending of 80 for normal and expired articles again ah this was frustrating for me so it did stop out at negative 117 but then expired in profit for 57 so this line went Whoopsie Daisy stopped out and then slammed back uh anyways that's the end of our journey these trades have been fairly educational for me and I hope they've been educational for you as well