Karen the Supertrader - TastyTrade Hybrid Experiment

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sle said:
I think I have asked these questions before, but OP was too enamored with his performance at the time.
-- what is your whipeout/MT-loss matrix - that is, what combinations of delta and vol move will take you out of the strategy?
-- what assumptions do you make in that calculation? E.g. do you only assume an overnight move etc.
-- does your strategy employ any analysis of the vol you are selling? No need to detail, just a yes/no.
-- what do you think is the reason why your strategy works? Again, no need to details, just explain who's lunch are your eating.
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His answer to your questions would be "Huh"? Then he would continue with 10 -15 posts where he bizarrely yells at himself and then responds to himself.
 
Maverick74 said:
Bobby, you need to learn to use the search button. I've been actively posting on the longest and most active TA thread on ET that has over 12k posts and close to 1.6 million views. I've been actively posting on it, almost daily for over 7 years now. In fact Bobby there is so much info on that thread one of the users printed out enough posts to compile a 200 page online book. I'll let you practice using the search button to find it. Oh and regarding options big fella, yeah, I've done a little posting there as well. I probably have logged close to 10k posts on the option forums. Do you really need me to re-post all that or maybe use the valuable search button that Baron provided for you in upper right hand corner.
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Wow, Maverick! I apologize. I had no idea who I was speaking to! You must really be the man. Based on the number of your posts, you must really be up more than 15.4% since April 5. By the way, what is your return big fellow?

Hey I hit that search button and I still didn't find your spreadsheet butt wipe? Can you send me the link, you aggressive poster, so that I can study your wisdom?

Man listen. You're just jealous. I got it. You want to be the man, but you ain't the man. You're getting beat by a guy with less than 200 points. I know you're embarrassed. How about you actually making some trades instead of making 22,000 insignificant negative posts.
 
sle said:
I don't think that's true. Retail traders have a whole collection of qualitative edges that are not accessible to the institutional traders/PMs (e.g. myself). The structural advantages of being in retail probably deserve a separate thread, but the main obstacle retail traders are facing is lack of education/knowledge and shortage of experience.

The OP is probably right in using risk premia as the base of his strategy. Longer time frame and higher risk tolerance are good advantages to use. He might be carrying too much risk. I have not read enough of the thread to judge the details. If he's smart, he will figure these things before its too late. If he's not, well, he will learn from his own mistakes.

I think I have asked these questions before, but OP was too enamored with his performance at the time.
-- what is your whipeout/MT-loss matrix - that is, what combinations of delta and vol move will take you out of the strategy?
-- what assumptions do you make in that calculation? E.g. do you only assume an overnight move etc.
-- does your strategy employ any analysis of the vol you are selling? No need to detail, just a yes/no.
-- what do you think is the reason why your strategy works? Again, no need to details, just explain who's lunch are your eating.

PS. I do think the OP is on the right track and there is a pot of gold out there.
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Yes.
 
Dolemite said:
His answer to your questions would be "Huh"? Then he would continue with 10 -15 posts where he bizarrely yells at himself and then responds to himself.
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I just try to anticipate the comments of idiots such as yourself.
 
Pekelo said:
Dear Sir, your objection to the OP's strategy is duly noted. Now why don't you be kind and fuck off until he blows up and then you can come back and post a "see, I told you so" post, where we will give you a standing ovation. Maybe candy too.

But in the main time, let Bobby trade in peace.... Please....
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I cannot see how I am interfering with Bobby's trading, I believe he is free to click on Thinkorswim and trade all day long if he so wishes. I never tell anyone I told you so, because that is what the market is for. I am trying to discuss the trait of humility because in my 15 years I have seen plenty traders get hard-ons for 6 month returns and then disappear. It is not the strategy because every strategy can be used to make money, even selling premium. It is the simple lack of respect for risk and how difficult it is to do this for years, not months.
 
Sweet Bobby said:
Out of curiosity Maverick and Ocho, I would like to follow your threads where you outline your strategies and provide information on your trades in detail. Could you please provide me a link? I'm sure I could learn so much from you two!
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I did it here many years ago and learned that there is no value in posting live trades and P/L here, in all honesty. It just detracts from your trading because you become more worried on posting here and discussing than just worrying about your own money. I think you will also find it uses up more valuable time then you get from it.
 
Sweet Bobby said:
Wow, Maverick! I apologize. I had no idea who I was speaking to! You must really be the man. Based on the number of your posts, you must really be up more than 15.4% since April 5. By the way, what is your return big fellow?
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Thank you for proving my point. Emmit Smith was once told by his Dad to stop celebrating every time he scored a touchdown and act like he had done it before and not like some amateur. Most experienced traders here know that when a newbie starts throwing a party for themselves over 6 months of returns, they are not going to last long term because they are mentality unaware of the discipline it takes to make money over the long-term. This is not me trying to be a prick, this is cold hard facts. When traders prematurely ejaculate over 6 months of returns we know the mindset and how it will end of causing them to lose money in the end. But 6 months of trading makes you an expert, so we should all ignore our 15 years of trading and bow down to the newbie making money in a bull market.
 
El OchoCinco said:
Thank you for proving my point. Emmit Smith was once told by his Dad to stop celebrating every time he scored a touchdown and act like he had done it before and not like some amateur. Most experienced traders here know that when a newbie starts throwing a party for themselves over 6 months of returns, they are not going to last long term because they are mentality unaware of the discipline it takes to make money over the long-term. This is not me trying to be a prick, this is cold hard facts. When traders prematurely ejaculate over 6 months of returns we know the mindset and how it will end of causing them to lose money in the end. But 6 months of trading makes you an expert, so we should all ignore our 15 years of trading and bow down to the newbie making money in a bull market.
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The easiest thing for you to do is just leave my thread. But you can't, can you?
 
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