Over the last few weeks I have started to trade butterflies more frequently. I have been trying out a new strategy to fit my risk profile while increasing my profits exponentially with little added risk. The one thing that is needed to trade butterflies is patience. As I mature as an option trader I have learned that the one thing that has made me successful is patience, and without it, many of my trades would have never reached their potential, or I would have exited with losses to soon and not give myself a chance to recover. There are three reasons as to why I love trading butterflies: there is very little time decay, you have a phenomenal risk/reward, and you do not need a big move to be profitable.
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