Dan Sheridan – How To Manage A $25,000 Portfolio

Class Description Dan Sheridan This is a quick snapshot of his teaching style to students at the Sheridan Mentoring Programs. This is the only way to offer a class!

Dan Sheridan – How To Manage A $25,000 Portfolio

Product Description

Class 1: With Dan Talking Important Considerations in Constructing 25K Portfolio Iron Condors with a Longer Lifespan

1- Intro and Outline
16:15- Philosophy: How Can we trade weekly or monthly income?
Overall Portfolio Philosophy Sheridan Mentoring- Three Parts Portfolio
26:25- Magic of Repeatable Trades
30:15- Our Trading Department has Technicals
39:10- Financial Goals and Plans for the 25K Portfolio
42:20- Allocation of capital and trades in the 25K PortfolioUse VIX
49:18- Profit and Loss Plans
50:07- Vehicle Selection
1:02:05- Futures Options
1:03:50- Long-Term Iron Condors in SPX
1:09:10- To illustrate the guidelines, I have included an example of a Long Term Iron Condor. Class Trade #1 was posted on January 7.
Use this example to review Iron Condor guidelines for Iron Condors that will last longer.
This SPX example was placed on 72 days after expiration.
1:29- Introduction to Iron Butterflies
Class ends in 1 hour 39 minutes and 50 seconds

Class #2: Dan Talking Unbalanced Iron Butterfly RUT and other considerations when Constructing a 25K Portfolio.
1- Intro
3-41:20- Class Trade #2 Iron Butterfly, RUT (Unbalanced Butterfly), and Teaching time on this Butterfly Methodology.
Dan We also discussed the Plan and Adjustments, which was very thorough. Dan Combination of teaching time and new trades
41:20-44:15- Class Trade #1 Review 72 day Iron Condor in SPX
45:05- Q A Butterflys
54- Word Document to Support the Iron Butterfly Discussion
57:30- Diversification for $25K Portfolio
1:04- Core Strategies in 25K Portfolio
1:05- Ideal Trade Duration in the 25K Portfolio
1:08- How do we Manage Portfolio Greeks?
1:09- Credit Spreads: Delta and Vega Risk Management
1:09:35- 2 Specific Plans to Manage 25K Portfolio
1:11:35- Q A
Class ends in 1 hour 17 minutes 37 seconds

Class #3: With Dan Talking Volatility
1- Introduction, Annotation on Class Page
6:05- Q A Word Document on RUT Iron Butterfly with explanation of some guidelines
15:25- Implied Volatility
23:05- Standard Deviation
39:15- Vega Exemplary of what volatility should be used for the standard deviation formula
49:40- Implied volatility of a spread
57:10- Example of Implied Volatility in a Spread
1:06:50- Review Class Trade #2 Unbalanced Iron Butterfly
1:13:20- Review Class Trade #1 72 Day Iron Condor in SPX
1:16- 25 K Portfolio Up-to-date
1:22:10- Weekly Calendar: Live Trade
1:35- Q A
Class ends in 1 hour 42 minutes and 16 seconds

Class 4: With Dan Talking Credit Spreads
1- Intro, Q and A
8:00- How To choose a vehicle to use for Credit Spreads
24:05- What is the best way to use my credit spreads with Puts (Bullish), or Calls (Bearish). What about stocks and indexes?
27:35- Credit Spreads: How long (days to expiration), should I use them?
29:35- Which strike should I buy with Credit Spreads
31:17- Credit Spreads: What strike should you buy?
32:55- How To execute Credit Spreads
36:05- How do you profit and lose with credit spreads?
40- Case Study on Credit Spread Adjustments (Using the Put Credit Spread).
41:10- In my Case Study, what is the Profit and Loss plan?
49:45- When should you adjust credit spreads?
54:20- Check out this case study.
56:20- How How do I use Insurance to start a Credit Spread?
1:06:45- Adjustments to Credit Spread #1: Take Off Some Spreads
1:11:15- Adjustments to Credit Spread #2 Roll short options down (if upside, up)
1:12:26- Adjustments to Credit Spread #3 Roll spread up and increase size. Roll spread up if you receive calls
1:14:52- Adjustments for Credit Spread #4: Buy Long Option (on upside call or downside put)
1:16:35- Adjustments for Credit Spread #5 Buy Vertical Spread
1:18:20- Adjustments for Credit Spread #6 Buy Out-Of-The- money Calendar (Puts down and Calls up)
1:19:46- Adjustments for the Credit Spread #7 Make Credit Spread a Butterfly
1:25- Adjustments for Credit Spread #8 Make Credit Spread a Calendar
1:27:20- Adjustments for the Credit Spread #9 Make Credit Spread an Iron Condor
1:30:45- Review Class Trades 25K Portfolio
1:31:08- Review my 1st Class Trade 72-Day iron Condor
1:33:32- Review Class Trade #2 RUT iron butterfly that I took off
1:38:19- Review Class Trade #3 Ut Weekly Calendar that I created today
Class ends 1 hr 47min and 12 sec

Class #5: Dan Weekly and Monthly Calendars
1- Intro: New Class Trades starting Monday, Jan 26
7:15- Intro Q AHow much 25K Capital should you put to use on any given day?
14:25- Intro Q A?, A summary of how I would schedule trades for the 25K class?
18:50- Weekly Calendars (following Word Document From Class Page)
38:25- Monthly Calendars (following Word Doc from Class Page).
1:05:45- Review Class Trade #4 RUT Iron Condor 23 Days from Expiration (Trade placed on Jan 26).
1:08:40- New Class Trade #5 RU Weekly Calendar Buy 1 February 1190 Put, (Feb 20 expiration).
You can sell the 1 February 1190 Put (Feb 6-Expiration) for $8.15 debit ($815)
Class Ends in 1 hr 13 minutes and 31 sec

Get it now Dan Sheridan – How To Manage A $25,000 Portfolio

Class #6 – With Dan Talking the “Navy Seal assisted Put Credit Spread” (Iron Condor alternative)
1– Intro- announcements, today’s outline, and Q and A
1:25– Intro- class page annotation of Wednesday’s Class
7:40– Intro Q and A The Weekly Calendar was taken off the site in just one day. We put it up Wednesday and then took it off on Thursday.
Would we like to put it back on?
11:10– Intro- Q and A Who do we contact if we don’t get class trade updates?
11:19– Intro- Q and A How What is the best vehicle for income trades?
14:17– Q and A More Rut than SPX?
14:38– Q and A What is the difference between open outcry in SPX and electronic trading in RUT
15:45– Q and A Fill in the gaps for weekly or monthly executions.
16:2– 25 K update of the Class Trades (Goal to make $1500 monthly)
25:00– Calendar for putting on February Trades for 25K Portfolio
34:15– Navy Seal assisted Put Credit Spread and Case Study
1:16– Review Class Trade # 4 RUT Iron Condor, put on Jan 26
1:21:18– Review Class Trade #5 Weekly RUT Calendar put on Jan 28 and took off Jan 29
1:22:25– New Class Trade #6: Navy Seal Assisted Put Credit Spread
1:33:40– Announcement of Huntington Beach Seminar on February 19 and Feb 21 Phoenix Index Seminar
Class ends in 1 hour, 36 minutes and 17 seconds

Class #7: Dan Teaching Double Diagonals and Weekly Iron Butterfly
1– Intro: Topics covered so far in the 25K Class
1:23– Review of the 6 Class Trades done so far in 25K Class
2:20– Live Trade #7 Weekly Iron Butterfly Feb 13 Expiration SPX $ 2046 2045-2070
Call credit spread and 2045-2015 Credit Spread Credit Total Credit $21.15 Credit
9:10– Review Class Trade #4 RUT Iron Condor
11:45– Review Class Trade #6 Navy Seal Assisted Put Credit Spread
22:00– Weekly Iron Butterfly teaching from Word Document (using AMZN as example),
Also, insurance was discussed for a major move. We also discussed adjustments
40:10– Double Diagonals (Used IBM as an example), and covered adjustments
49- END– Took a last look at Live trade #7 put on today, Weekly Iron Butterfly in SPX.

Class #8: Wrap up Dan
1- Annotation of the last class and Intro Class Page
4:50- Review Class Trade #7, Weekly Unbalanced Iron Butterfly – SPX with adjustments
17:35- SPX Price chart of what the market did in the 25K class
20:25- Question about Iron Butterfly Trade: If we continue to go up, would you be willing to take over the entire call side?
21:45- Question about Iron Butterfly Trade: Additional upside adjustment if the price goes up?
A Other questions may be asked by students are also covered.
27:25- What is a Couch Potato Income Strategy (or Couch Potato Income Strategy)?
30:38- What strategies do I love the most?
35- Do you ever tighten the good side (Put side) of an Iron Butterfly when the market is up?
Tightening means reducing the credit spread.
37:07- What happens to the butterfly width?
39:17- Navy Seal Assisted put credit spread – compared to smaller quantities of put credit spreads
57:15- One last look at Class Trade #7: Weekly unbalanced Iron Butterfly
1:00:02- (1 Hr. & 2 min) Constructing trades in which you have either no Vega risk (or reduced Vega risks).
1:08:25- Next 2 online classes, the Butterfly Class and then the Credit Spreads.
Class ends at 1 hr, 12 min and 50 seconds

Forex Trading – Foreign Exchange Course

Are you interested in learning more about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, many countries freely float their currencies against other countries, which keeps them constant in fluctuation.