Hi All, so I am just starting out on my options journey after being doing basic stocks the last five years. I am intrigued by the Iron Condor but in a previous post I noticed a lot of negativity and criticism for the strategy. Below is a sample of the way I plan to set up my trades (using SPY for example). Plan is to have a wide range to start and collect about 40-50% of max profits. I'm not after huge wins with this strategy but a slow and steady approach.
I'd like to know your thoughts on this and to learn what I'm doing wrong and where I could improve.
https://preview.redd.it/j8bss6gbo2ke1.png?width=1140&format=png&auto=webp&s=2be532528e8b37d5807dbb7c4874050885be01ec