How to stage your options trades for higher returns

michael martin martinkronicle

How to stage your options trades for higher returns

Some options trades require you to complete the structure in two steps.  Whereas you don’t want to “leg” into intra-commodity spreads, you might consider that a strategy for your butterfly or condor trades.  Instead of putting on a long butterfly all at once, many traders we’ve worked with are buying call spreads, for example, and then after the market moves selling the call spread above it to complete the butterfly.  This doesn’t work 100% of the time, and sometimes you just offset the vertical spread.



Some options trades require you to complete the structure in two steps. 

Whereas you don’t want to “leg” into intra-commodity spreads, you might consider that a strategy for your butterfly or condor trades. 

Instead of putting on a long butterfly all at once, many traders we’ve worked with are buying call spreads, for example, and then after the market moves selling the call spread above it to complete the butterfly. 

This doesn’t work 100% of the time, and sometimes you just offset the vertical spread. However, sometimes is does work and you can take advantage of the flexible nature of options to carve out your Reward to risk profiles. 

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Great Trading Articles on Trading Process

Create winning spreads with weekly options

How to benefit from the flexibility of options

How to use options to reduce risk in your portfolio

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How to develop expertise in the markets

michael martin martinkronicle

How to develop expertise in the markets

Michael Martin discusses how it’s appropriate for some traders to focus on one market or sector for professional purposes. 


Michael Martin discusses how it’s appropriate for some traders to focus on one market or sector for professional purposes. 

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Great Trading Articles on Trading Process

Two techniques to master drawdowns

Set goals on measurable behavior not returns

How to diversify across one market

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How to handle a losing streak

michael martin martinkronicle

How to handle a losing streak

Both winning and losing streaks are “user-defined” so make sure you understand what your trading results are telling you. Here’s one way to know.

Both winning and losing streaks are “user-defined” so make sure you understand what your trading results are telling you.

Here’s one way to know.

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Great Trading Articles on Trading Process

Trading systems do not remove emotion from trading

Adding new indicators won’t help you

Getting aligned with your emotional trading rules

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Why your monthly goal has nothing to do with profitability

Focus on process, not results

michael martin martinkronicle

Why your monthly goal has nothing to do with profitability

You are powerless over the markets, regardless if you have 30 years of experience or only 30 days.  Focus on your process, because you can’t control the outcome.  I believe you need to have positive intention about your trading as “intentions equal results.”  Your intention is closely related to your attitude and your attitude affects your judgment, judgment affects your behavior, and behavior predicts where you end up in life.


You are powerless over the markets, regardless if you have 30 years of experience or only 30 days. 

Focus on your process, because you can’t control the outcome. 

I believe you need to have positive intention about your trading as “intentions equal results.” 

Your intention is closely related to your attitude and your attitude affects your judgment, judgment affects your behavior, and behavior predicts where you end up in life.

You can’t work backwards from losing money in one month and determine that you are not a good trader. You may have had bad luck or the markets might not be amenable to your trading rules. 

You may come to understand that your process needs tweaking to better suit the markets or your emotional makeup. That’s what backtesting is for. 

If your results from trading in one month are “in model” then all you can do is study the variance between what orders your system generated and what orders you entered. 

The same can be said about winning months and good trading.

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Great Trading Articles on Trading Process

When you focus on process the results will follow

Professional traders focus on process not results

If you want to succeed in the markets, these three things must line up

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What you need to do to survive your first three years

michael martin martinkronicle

What you need to do to survive your first three years

In this episode, Michael Martin has a frank discussion about what you need and what you don’t need at the beginning of your career.  In one sense, your job is to survive.

In this episode, Michael Martin has a frank discussion about what you need and what you don’t need at the beginning of your career. 

In one sense, your job is to survive. That means going slowly and playing superior defense. 

Many traders keep a full-time job to make sure they can pay their bills before going solo. 

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Great Trading Articles

How you can improve your trading by playing better defense

How to maintain your discipline while losing

Do this to protect your capital

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