Destriero - Butterfly Trades

ironchef · Dec 11, 2020

Since @destriero blocked me, I am sending this message as a public service:

I just want to thank him for his butterfly posts. If not for those, I would have never known butterflies could be very profitable. So far, I made a dozen trades and the results are

.

I am very grateful.

Real Money · Dec 11, 2020

ironchef said:
Since @destriero blocked me, I am sending this message as a public service:

I just want to thank him for his butterfly posts. If not for those, I would have never known butterflies could be very profitable. So far, I made a dozen trades and the results are .

I am very grateful.

Give some examples.

DiceAreCast · Dec 11, 2020

Did you have a chance to count how many threads this guy opened with a few winning trades and abandoned after things did not appear to work his way? I counted more than a dozen at least...

ironchef said:
Since @destriero blocked me, I am sending this message as a public service:

I just want to thank him for his butterfly posts. If not for those, I would have never known butterflies could be very profitable. So far, I made a dozen trades and the results are .

I am very grateful.

BlueWaterSailor · Dec 11, 2020

ironchef said:
Since @destriero blocked me, I am sending this message as a public service:

I just want to thank him for his butterfly posts. If not for those, I would have never known butterflies could be very profitable. So far, I made a dozen trades and the results are .

I am very grateful.

Hey, @ironchef - I've done a number of fly trades, and made out OK, but I can't say that I have a good handle on them; my experience with them is mostly that you want to enter on a high IV, but then you want it to drop/price to stay around where it was at entry. Also, getting in and out at anything near the mark is very difficult. Have you learned anything about them that makes life a bit easier that you want to share?

JSOP · Dec 11, 2020

ironchef said:
Since @destriero blocked me, I am sending this message as a public service:

I just want to thank him for his butterfly posts. If not for those, I would have never known butterflies could be very profitable. So far, I made a dozen trades and the results are .

I am very grateful.

I think he's left ET. For me the most profitable is still vertical spreads. The result and mechanism are very similar but it's much easier to set up and less commission.

qlai · Dec 11, 2020

ironchef said:
If not for those, I would have never known butterflies could be very profitable.

Did you pick up something from him that was not available in textbooks?

MarkBrown · Dec 11, 2020

qlai said:
Did you pick up something from him that was not available in textbooks?

OMG I spit my bourbon out lol - hilarious!

Overnight · Dec 11, 2020

MarkBrown said:
OMG I spit my bourbon out lol - hilarious!

Stop wasting bourbon! It's X-Mas!

Kevin Schmit · Dec 11, 2020

DiceAreCast said:
Did you have a chance to count how many threads this guy opened ...

Are you Asiaprop/Volpunter/GRULSTMRNN?

Finally get settled in B.C? How was the move from Hong Kong?

You've been on the site for a month and still haven't put up a single useful post. You claim expertise in DNN trading models, post the details of one and help ironchef recover from his March drawdown.

DiceAreCast · Dec 12, 2020

Not sure what you are talking about. But looking at destrieros' past threads most did not last too long as he cut it short each time all of a sudden. What would you make of it?

By the way where are your strategies that you have published here? Any links?

Kevin Schmit said:
Are you Asiaprop/Volpunter/GRULSTMRNN?

Finally get settled in B.C? How was the move from Hong Kong?

You've been on the site for a month and still haven't put up a single useful post. You claim expertise in DNN trading models, post the details of one and help ironchef recover from his March drawdown.