Cottle was a floor trader, and this is how the floor sees a position: not as the legs you bought, but as the simplest set of pieces they add up to. An iron condor is also two credit spreads, or a strangle with wings, or a butterfly plus a vertical. See all three, and you know which piece to fix.
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Below the line, for Pro and Elite Trader members: the chapters we use, the five ideas I took from it, the chapters to skip, and the module it prepares. Elite Traders read the book, then work that module with me one-on-one, on their own positions.
