The other thing that shocked me was his trade count. Think he said he was on his way to somethin like 10k trades this year. That sounds like a lot of trades for someone selling premium.
Karen the Supertrader - TastyTrade Hybrid Experiment
- Thread starter Sweet Bobby
- Start date
- Status
Does it say "live trading" in the title? But you are right, the title is a bit unfortunate. Karen over leveraged (not to mention the HF set up) but that just makes using her strategy the right way more interesting. Had she continued the way like Bobby and the 2 other Yahoo boys trade the strategy, she could have made a relative easy 10-15% in the last 2 years and she would be the queen of HF managers.
Now someone asked, what is Bobby selling? He is selling a dream. And the dream is that instead of useless chit-chat, someone here on ET puts real money behind an idea and makes it work. And explains it to interested posters. If you don't trust him (how can you not trust a guy called Sweet Bobby??) or you think he is here to sell something, then don't follow this thread.
Otherwise just relax, sit back and enjoy the show. The popcorn is ready in the microwave...
Look guys, the end of too much bitching will be that he is going to go back to the Yahoo board, and you will miss an opportunity to learn something. I understand scepticism, but he is not the only one using this strategy, and so far nothing magical happened. Actually, there is something magical, someone on ET is actually making money by trading...
I dont see any evidence of what you are saying ...
From my understanding, Sosnoff has never revealed his performance and there's no real proof that he even trades.
Well he also scalps which significantly contributes to the trade count.
As I said, *change* in gamma aka "speed" and the ability to actually work with a position that's seriously going against you. A trader is duly compensated for being short ATM (peak gamma) - and this has been covered in this thread already.
I was just pointing out that gamma (acceleration) is decreasing--not increasing. I am certainly not arguing that delta (speed) is increasing.
I was literally referring to the 3rd order greek "speed" (aka gamma of gamma, https://www.elitetrader.com/et/threads/calculating-gamma-of-gamma.243458/) not the conceptual "acceleration and speed" of gamma and delta respectively. However, I think we both agree here with what I was getting at in that the closer to the money the less embedded leveraged risk there is to get out of control in the first place. e.g. short OTM crap that can only increase in gamma and vega when it doesn't go your way.
Granted, the more time to expiration the more room for error (in the gamma department atleast), but that's not going to make any of these out of the blue huge vol days of the past couple years just turn into a Sunday drive.
I think that thread is mis-titled and is referring to the speed of gamma or d(gamma)/dS. In any event, it doesn't matter because gamma itself is decreasing.
You keep saying gamma increases if things don't go your way--that's not the case. However, I will say that the gamma curve flattens as vol picks up and that counter-intuitively ATM gamma decreases.
But enough theory. I think we can safely say that theta can be used as a proxy to risk.
You keep saying gamma increases if things don't go your way--that's not the case. However, I will say that the gamma curve flattens as vol picks up and that counter-intuitively ATM gamma decreases.
But enough theory. I think we can safely say that theta can be used as a proxy to risk.
- Status