Three Key Elements for Small Trading 153n5w

Hosts Tom and Tony discussed three key elements for small trading under $25,000: asset selection using cheaper alternatives like sector ETFs or liquid individual stocks instead of expensive indices, position scaling through wider strikes rather than adding contracts, and active risk management by closing at 50% profit or 21 days to expiration. They emphasized that increasing individual position risk with wider iron condors or naked strangles provides better win rates and lower tail risk compared to simply doubling contract quantities, while consistent early management significantly outperforms holding positions to expiration 3nl5r