Karen the Supertrader - TastyTrade Hybrid Experiment

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Had a close shave myself lately - but have it back to 12.68% return for last month - keep that going and I will be very happy camper!

Just need to keep calm now and not start risking too much - it is no good unless you hold on to it!

Keep pecking away like woody the woodpecker:)

J_S

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This is a test of a strategy combining what we know of Karen the Supertrader's strategy combined with some of the research from TastyTrade. Will it be profitable? Time will tell. I started this experiment on April 5, 2016. Here is a link to my spreadsheet where you can follow along.


Thus far the account is up $2,034 on a $150,000 account. This should be interesting.

You have my support anyway - how did you get the excel file into the post, is it an online excel sheet in google or something similar?

I was doing a good bit on ES options lately, but switched to futures with better results as of late - still do the odd few options trades, but my main focus now is on NQ and ES/NQ spreads, and will be doing a bit on FTSE MIB options and futures shortly, as the FT MIB has unreal volatility during normal markets, let alone at the moment!

Done a lot of option trades on FTSE 100 index in the past and might revisit that also - but have to learn to crawl again before I can walk, as I was away from trading for a good few years and just getting back into it now.

Thx.

J_S
 
Can you add a column in excel sheet for time of trade and underlying price at this time - it can be very helpful later on when looking back on trades and results.

Also, if you can, add delta and theta for each leg - you can use the group/ungroup feature in excel to add these, then collapse them to not take up the whole sheet - but I think you know this already?

Thx.

J_S
 
Code:
https://docs.google.com/spreadsheets/d/1BrPv0YoZzf5sUSw453cUQBrLmvKzbuYULKdUMTzvNxg[CODE]

Here's the link.  It is a google spreadsheet.[/INDENT]
Got it, thx.

I don't see the grouping features, but if you want you can add a tab for each trade with all the key info - just a suggestion, but I think it can help to refine strategy and improve on timing.

I was sorry I did not do it for all my FTSE 100 index option trades back in 2007, as I had 85 winners in a row, and now I have to go back thru my diary, get all the details, and go back on charts to get the price of underlying for that day - but that is a good bit away yet, only when I can walk again:)

J_S
 
Can you add a column in excel sheet for time of trade and underlying price at this time - it can be very helpful later on when looking back on trades and results.

Also, if you can, add delta and theta for each leg - you can use the group/ungroup feature in excel to add these, then collapse them to not take up the whole sheet - but I think you know this already?

Thx.

J_S
I have added the column for delta for each leg. I am rounding this number and I'm not including decimal places. I am actually entering the Probability of In The Money.
 
I have added the column for delta for each leg. I am rounding this number and I'm not including decimal places. I am actually entering the Probability of In The Money.

Are they real trades or sim account - selling calls and puts without protection is very risky business!

J_S
 
I am not really interested in this Karen person, it is your excel sheet that caught my eye.

First question for you - why did you sell and ES call with the ES down here - if anything, it was a short put trade, with protection of course!

J_S

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Had a close shave myself lately - but have it back to 12.68% return for last month - keep that going and I will be very happy camper!

Just need to keep calm now and not start risking too much - it is no good unless you hold on to it!

Keep pecking away like woody the woodpecker:)

J_S

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Oh, even an advanced level trader have a losing day...but I am more interested in what affected him to make such a decision. The most difficult part of trading I find is whether a pullback is a pullback or reversal but I think now I am getting better with that.
 
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Are they real trades or sim account - selling calls and puts without protection is very risky business!

J_S
I trade in three different real accounts with different strategies. The trades that I post in this thread are isolated in a $150k paper money account. I do implement most of these trades in my live account, but it depends on what the Greeks are telling me in my other accounts.
 
Oh, even an advanced level trade have a losing day...but I am more interested in what affected him to make such a decision. The most difficult part of trading I find is whether a pullback is a pullback or reversal but I think now I am getting better with that.

Losing should not matter, as it is part and parcel - it is losing way too much that matters!

As RN rightly says, no sense in throwing away good money!

J_S
 
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