Click here to access this week’s Big Saturday Interview with options trader Michael Benklifa, author of Profiting with Iron Condor Options: Strategies from the Frontline for Trading in Up or Down Markets
Says Michael Benklifa in the preface to his book: “I used to hate trading. The problem with stock trading is that you have to know too much in order to be correct, or you have to trade on blind faith. People buy and sell stocks every day without having the slightest idea about the company or the stock they are trading.”
Know thyself is an appropriate mantra for all people at all times. And for traders and investors trying to figure out what trading or investing strategy best fits their personality, “knowing thyself” is an essential first step. For Michael Benklifa, it was a first step that led him away from the 9-to-5 (or more) corporate world and into the world of trading options.
In his book, Profiting with Iron Condor Options, Michael not only shares his journey into the world of options trading. In his book and in our Big Saturday Interview conversation, Michael explains why he believes that options are something that more traders and investors could take advantage of and, more specifically, how trading options strategies like iron condors can make it easier for stock traders to deal with market volatility and uncertainty – both of which have been abundant in the markets of 2011.
“Almost every trade I’ve ever done I could have made way more money in. But the name of the game is to stay in the game,” Michael says. “And the more risk you take, the more risk you take.”
Michael Benklifa manages money through his firm, Othello Consulting. Previously, he was a financial advisor for UBS and an M&A analyst for a number of large pharmaceutical companies. He has degrees from Texas A&M, Ecole Superieure de Commerce in France and the University of Texas.
The Big Saturday Interview is now available as an audio file. To access the audio interview with Michael Benklifa, author of Profiting with Iron Condor Options, click here.
And click the link below to find out more about Profiting with Iron Condor Options