The equity curve of this trade must be compared to the margin used (SPAN/Margin).This is just my opinion about this strategy
It seems to me that this trade is more for protection than something to make money with
Sure it makes some money but at what cost ?
Without adjustments this has a negative theta because of the upside down butterfly so you have to hold it into expiration to get the most out of this trade for 3 months It's too slow for my taste and it's not making a lot of money after waiting that long
This is not something that you put and leave it alone like the BWB where at least you have positive theta if you are near the tent so you could get out with a small profit at any time
It has to be constantly adjusted to remove the sea of death
I am sure Igi does a good job with the adjustments but I don't think I would be able do the adjustments by myself
I will stick with my PCS that works very well for me
Well that is one way to get around the small profitsLimiting risk is actually a big plus. I'm totally OK with making small profits. After getting used to the adjustments my hope is to eventually open one every month while still keeping each for 3 months.