Author asks for help managing existing NDX iron condor/iron butterfly positions and warns against 0DTE promoters, but states no directional underlying thesis.
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I am looking for this wise community wisdom to help me get through this difficult moment in my life. I played with 0DTE, got into big trouble and rolled 30 days out. Now I have a mix of IC and IB expiring this Friday, 1/30:
\- NDX, IC 25500/25600-26100/26200;
\- NDX, IB 25700/25800-25800/25900
How would you do it to minimize the losses? When would you start managing?
Please don't criticize or make sarcastic comments. I know, these are my decisions, I am the one fully responsible. I am just looking for help. Thank you very much.
PS. Unless you are fully equipped with tools and algorithms to manage your trades algorithmically, pls don't follow all these 0DTE NDX promoters who claim to be able to manage challenged positions by rolling profitably. It's a complete BS. It may ruin you.