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With your market reading skills, I highly doubt you could figure it out.

Thanks for the update, Surf.

Sounds great "in theory". There is a reason many experienced options players don't sell deep otm options, especially not in markets prone to sudden shocks or volatility spikes. Typically by the time you want to cover those short options back, the convexity has made that untenable and now you...

Is there some reason you can't spell "here"?

I don't think you understand the concept whatsoever. If you are going to play this game of "buy the dip", then you have to "sell the rip" in particular during a "bearish market" structure (of course you are too obtuse to make any insightful observations about the P.A.). Hint: you can't just...

Yes, I agree. Guy's brain was fried by the 9 year perpetual BTFD.

Laughable. You just call a bottom each and every day. I'd call it broken clock syndrome.

I have more faith in Madoff's accountant than this guy's back of the envelope nonsense.

Well that's good. Hard to take a bad loss, but better than a catastrophic loss. I got clipped a bit first week of October and then got the hell out.

Yes, that's why I asked the O.P. why he posted a 15 month old article. I remembered this article from the crude lows around $42-ish back then right about the time this former oil fund guy shut the doors. Of course, with the benefit of hindsight crude almost doubled from those lows (very much...

Are you still long NQ?

The articles is from mid-2017, it obviously doesn't apply to the present (unless you think a 30% drop in 6 weeks qualifies as "range bound").

Instead of just focusing on the indicies, look at the individual issues as well. The main difference between February lows and now is that the damage was largely contained in FANG's, for one, and other sectors as well. Parabolic expansions lead to disorderly declines because participants are...

to the OP: You have confused me with your re-posting of an article from those crude lows in summer 2017. I remembered this guy closing shop then, so no idea why you are posting in over a year later. That closing and the news of another operator basically being liquidated in May 2017 were...

Kinda like "would your rather sell vol or buy vol?". Second scenario with a much shorter career sounds like the best option. Doubtful a guy could run a fund for 29 years with such pitiful performance. OTOH, the ability to milk fees by being the vol seller for long stretches overcompensates...

He needs his pocket pal, algofy to make a testimonial.

Good trading.

And that's where all of this enters a gray area. No traditional IRA can invest in any of these levered products. It's only when people transfer their IRA's into custodianship with one of about a handful of organizations can they then trade futures, futs options, etc, etc. Not sure who...

I looked at the photos of the guy. Smug, arrogant, know-it-all written all over this guy. A true flim-flam man. Plus all of the marketing just looked cheap and corny. I swear that I thought this kind of crap died in the 1990's. It's like watching a Wade Cook seminar.

Because it happened in the commodities markets and the average joe is up to his eyeballs in the equity markets.