How do you determine position size when adhering to a maximum of 10 percent of account value while executing daily Iron Condor Command setups?

At VixShield we size every Iron Condor Command position so that the defined risk never exceeds 10 percent of total account equity. This rule forms the bedrock of our risk management approach and keeps drawdowns contained even during the occasional losing streak that the Temporal Theta Martingale must recover. Because we trade only 1DTE SPX Iron Condors that fire at 3:10 PM CST after the 3:09 PM cascade, the math is straightforward and repeatable every market day. First calculate the maximum dollar risk allowed: multiply account balance by 0.10. For a $50,000 account that equals $5,000 of risk capital per trade. Next divide that figure by the width of the chosen Iron Condor. Our Conservative tier typically collects $0.70 credit with wings placed using EDR and RSAi strike logic, producing roughly a $5.30 wide spread after credit. That means each contract controls $530 of risk. Dividing the $5,000 maximum risk by $530 gives approximately nine contracts. We round down to eight contracts to stay strictly under the 10 percent threshold. The Balanced tier at $1.15 credit and Aggressive tier at $1.60 credit produce narrower risk widths, so the contract count rises accordingly while the 10 percent rule still governs. ALVH hedges sit outside this sizing calculation. The three-layer VIX call structure (short 30 DTE, medium 110 DTE, long 220 DTE in a 4/4/2 ratio per 10 Iron Condor contracts) costs 1 to 2 percent of account value annually and is sized independently to protect the entire portfolio rather than any single trade. Because we follow a Set and Forget methodology with no stop losses, the 10 percent cap plus Theta Time Shift recovery gives us confidence to let every position run to expiration. In backtests from 2015 through 2025 this discipline contributed to an 82 to 84 percent win rate inside the Unlimited Cash System while keeping maximum drawdown between 10 and 12 percent. Newer traders sometimes ask whether they should scale contracts intraday or adjust after VIX moves. The answer is no. We determine size once at 3:10 PM CST using that day's account equity snapshot and the exact credit provided by RSAi. Position sizing therefore becomes mechanical, removing emotion and preventing over-leverage even when VIX sits at 17.95 as it does today. All trading involves substantial risk of loss and is not suitable for all investors. To master these calculations and see the exact spreadsheet we use, visit the SPX Mastery Club for live walkthroughs and the full video library.