Karen the Supertrader - TastyTrade Hybrid Experiment

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Since April 5th:

Sweet Bobby: 2.6%
SPX: 2.6%

Correlation? You make the call.

These numbers are gross. Take commissions and taxes out for Sweet Bobby and he is underperforming.
 
Maverick74 said:
Since April 5th:

Sweet Bobby: 2.6%
SPX: 2.6%

Correlation? You make the call.

These numbers are gross. Take commissions and taxes out for Sweet Bobby and he is underperforming.
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Maverick its clear to see that Bobby loves Trading Options and selling premium. Okay his current strategy isn't beating the SPX, so what option strategies do u recommend?
 
F_488 said:
Maverick its clear to see that Bobby loves Trading Options and selling premium. Okay his current strategy isn't beating the SPX, so what option strategies do u recommend?
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None. No strategy alone is going to make or lose money. A strategy is just a vehicle. You still need to know where you are going to get there. I know most don't want to hear this, but I am telling you the truth regardless.
 
Maverick74 said:
Since April 5th:

Sweet Bobby: 2.6%
SPX: 2.6%

Correlation? You make the call.

These numbers are gross. Take commissions and taxes out for Sweet Bobby and he is underperforming.
More...
It's a little early to put this strategy in the grave. I am tweaking as I go and I want to give the experiment at least a year to develop.

I'm sure many hedge fund managers would like to have my performance over the last 3 months.

If this doesn't work, I will be the first to let you know.

Bobby
 
The experiment was up $279 for the day and reached its all-time highs since inception.

One opening trade today:

upload_2016-7-7_16-57-25.png


Here's a look at the Greeks:

upload_2016-7-7_16-56-56.png
upload_2016-7-7_16-56-56.png
upload_2016-7-7_16-57-25.png


Happy trading!

Bobby
 
Maverick74 said:
None. No strategy alone is going to make or lose money. A strategy is just a vehicle. You still need to know where you are going to get there. I know most don't want to hear this, but I am telling you the truth regardless.
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Maverick so are you saying you not only need to know your strategies + (knowing what strategies to trade under certain market conditions) but you also need to have a traders mindset.
 
F_488 said:
Maverick so are you saying you not only need to know your strategies + (knowing what strategies to trade under certain market conditions) but you also need to have a traders mindset.
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You need to understand all possible options (no pun intended), the nuances of all the possible strategies to optimize those options, the optimal pricing of the given strategy and all possible paths the underlying might take. In laymen terms (maybe), to build your house you need to scout the best location, source the cheapest materials, get the best labor cost, at the best financing rate and you better be sure as heck on your timing. So that is the house analogy, move that over to options and you are there.
 
Maverick74 said:
You need to understand all possible options (no pun intended), the nuances of all the possible strategies to optimize those options, the optimal pricing of the given strategy and all possible paths the underlying might take. In laymen terms (maybe), to build your house you need to scout the best location, source the cheapest materials, get the best labor cost, at the best financing rate and you better be sure as heck on your timing. So that is the house analogy, move that over to options and you are there.
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No wonder us small retail guys/gals do not stand a chance in this game, just like I am not capable of building my own house.
 
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