Nice work on the profits - looks like the average trade size/leverage went up overall though - if I sum the credit of the first 10 trades it's less than 1/4 of the average trade credit of the last 10 or 15. So what used to be a 1500$ up day in June is now a 6k day in September.
Karen the Supertrader - TastyTrade Hybrid Experiment
- Thread starter Sweet Bobby
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Yes, you are corr correct. For those who follow this thread, you might remember that a few weeks ago I said that I needed to rev things up a bit. I was being a little too conservative. Whereas I was trying to maintain a theta of 1/10 of 1 percent, I was often below that level.
Based on Tastytrade research, I have now increased my theta range from a minimum of 1/10 of 1% to a maximum of 1/2 of 1%.
I also now understand that I will keep about 25% of the total premium that I sell. This, I have a pretty good estimate of the amount of premium that I need to sell in order to reach my profit targets.
Also, I am trying to use no more than 30% of my buying power. The strategy is a work in progress but thus far, I like the adjustments that I have implemented. I am a much better trader today than when I first began this experiment.
Bobby, XIV is up 40% since April 5th. That is the short Vol ETF. Why are you just not long XIV? You get the same benefit without the upside drift risk.
I'm not at all familiar with that underlying.
I am the greatest trader known to man . . . at least over the last two weeks anyway. 
Line up now and buy my trade signals for the unbelievably low price of $99.99 a year. Be one of the first 10 to sign up and you'll receive a free copy of my latest book, The Humble Trader!
Line up now and buy my trade signals for the unbelievably low price of $99.99 a year. Be one of the first 10 to sign up and you'll receive a free copy of my latest book, The Humble Trader!
I am the greatest trader known to man . . . at least over the last two weeks anyway
View attachment 166752
Line up now and buy my trade signals for the unbelievably low price of $99.99 a year.
Be one of the first 10 to sign up and you'll receive a free copy of my latest book, The Humble Trader!
...Take a photo of yourself next to your Porsche or Ferrari -- and you're Set for Trading Guru Greatness;
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I really need to borrow a jet. That would really look impressive!...Take a photo of yourself next to your Porsche or Ferrari -- and you're Set for Trading Guru Greatness
You damn fool! You are always popping off anytime you have a little success. But where is your ass during the drawdowns, huh? Not a peep out of you! Get lost loser! Geez!I am the greatest trader known to man . . . at least over the last two weeks anyway.
View attachment 166752
Line up now and buy my trade signals for the unbelievably low price of $99.99 a year. Be one of the first 10 to sign up and you'll receive a free copy of my latest book, The Humble Trader!
We are just a wee bit testy today, don't ya think? Chill out, man!
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