How much reserve cash do I need in the account where I’m autotrading the iron condor strategy?
Thirty percent (30%) reserve cash is required where either the cash is already in the account, or it can be moved into the account within 4 days. One source of reserve cash is a home equity line of credit where you link your line of credit to your checking account and you link your checking account to your brokerage account. This will provide the reserve cash when required, mostly during the 4 to 5 months each year when we’ll need to make adjustments.
How much reserve cash do I need in the account where I’m autotrading the iron condor strategy?
Thirty percent (30%) reserve cash is required where either the cash is already in the account, or it can be moved into the account within 4 days. One source of reserve cash is a home equity line of credit where you link your line of credit to your checking account and you link your checking account to your brokerage account. This will provide the reserve cash when required, mostly during the 4 to 5 months each year when we’ll need to make adjustments.