Yes, you can trade Shorting Strangles successfully. I can show you how it’s done in a few hours, but you’d need to put in the time to get there. No I don’t mean hours or days, it is going to take a lot longer than that to trade with high wining rate. If you’re willing to do the work, then here it goes:
1st and most important, set up a paper account. Trading options requires you to control your fear and greed, and the only way to do that is to do your homework and trade a lot.
2nd, you need to know how to find the right options to sell ( Calls, Puts or Strangles). This is a short video in my Youtube channel ( youtube.com/c/choosingoptions) that can help you with that ( click here ).
3rd, after knowing how to find options to trade safely, you’d need to know how to put them on. In the case of Strangles ( click here ) for another short tutorial of selling Strangles with high winning rate.