When we are trading in a smaller account, it is extremely important to use capital as efficiently as possible. Knowing this, Tom Sosnoff and Tony Battista wanted to take a look at two different strategies for smaller accounts. The guys compare a $1 Wide Iron Condor, collecting 1/3 the width of the strikes to a $5 Wide Iron Condor, collecting 1/3 the width of the strikes. The difference in the two trades is the management style applied to each. For the $1 wide, they are holding the trade to expiration, looking to make about $.33 on the trade. On the $5 wide, the guys look to manage these trades at 25% of max profit, targeting $.40 on the position. Since the two trades have a similar profit target, it is interesting to see how they compare. Tom and Tony find out that it's better to trade the wider Iron Condor ($5) and manage the trade early than it is to take less risk and hold the trade until expiration. This allows you to spend less time in the trade, increase your win rate and realize a higher profit!