J.L. Lord – Practical Iron Cockroach

Practical Iron Cockroach

By J.L. Lord, Random Walk Trading.

*Digital Download*

Video running time: 1 hour and 30 minutes

Iron Cockroaches (IC) can be one of the best tools at your disposal during times of chaos in the markets when you want to take advantage of high volatilities and simultaneously make a directional trade. During the latter part of 2008, we saw the market move in terms of 800, 900, or over 1,000 Dow points in a day. While this is a great environment for a day trader, all this opportunity comes with a cost; the cost of this opportunity being the great deal of risk when you are wrong. The iron cockroach is a trade that lends itself to this situation, and makes this lesson one of the most valuable to a trader.

In this course, Random Walk explains the Iron Cockroach and the best conditions for the Iron Cockroach. We compare the Iron Cockroach to the Iron Condor, and construction of the Iron Condor.

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