Karen the Supertrader - TastyTrade Hybrid Experiment

Sweet Bobby · Mar 17, 2018

Saltynuts said:
Thanks Bobby. Sorry for the rookie question, but what is DTE? What criteria do you use to determine on what you sell options? Thanks!

Days to expiration.

Sweet Bobby · Mar 17, 2018

i960 said:
“I’m on track for <insert x% annualized returns>”

(Various charts of equity curves)

I can tell with what you primarily focus on that you’re in for some hurt, Bobby.

You’re an idiot. You have no idea what I mean because you can’t project your own returns. I don’t use equity curves or charts to project returns! You’ve been predicting my demise for years, yet I’m still here. No trouble for me. I can lose money, but over time I will always come back.

If you wouldn’t be such a doomsdayer, I actually might help you to show you a simple method of projection based on actual data. You have exhibited that you have no clue!

Sweet Bobby · Mar 17, 2018

Sweet Bobby said:
Days to expiration.

i960 said:
“I’m on track for <insert x% annualized returns>”

(Various charts of equity curves)

I can tell with what you primarily focus on that you’re in for some hurt, Bobby.

Let me show you a much better approach that will serve you well in life.

Hey Sweet Bobby, that’s very interesting that you project your returns over the next 52 weeks. Would you mind sharing your methodology? Thanks again!

i960 · Mar 18, 2018

Sweet Bobby said:
Let me show you a much better approach that will serve you well in life.

Hey Sweet Bobby, that’s very interesting that you project your returns over the next 52 weeks. Would you mind sharing your methodology? Thanks again!

You miss the point: You’re obsessed with the money factor and are counting your chickens early.

galvinlee888 · Mar 18, 2018

Ngmm.. Short volatility trading. I have been in trading for nearly 18 years and have seen a lot of short volatility trader, unfortunately the story always the same, small win consistently (in their dream) until sh** hits the fan ..

Saltynuts · Mar 18, 2018

galvinlee888 said:
Ngmm.. Short volatility trading. I have been in trading for nearly 18 years and have seen a lot of short volatility trader, unfortunately the story always the same, small win consistently (in their dream) until sh** hits the fan ..

I worry about this. But if one only puts a very small part of their account in VIX short products until there is a spike in the VIX, can't one essentially completely mitigate this risk? Like you would only be 100% invested if VIX went to 160. It will probably never go that high, but play it safe. With VIX below this, you ratchet down your percentage investment accordingly. So if VIX is at 80 you are 50% invested. VIX at 40 25% invested. And so on. Something like that.

Sweet Bobby · Mar 18, 2018

i960 said:
You miss the point: You’re obsessed with the money factor and are counting your chickens early.

You missed the life lesson!

I in no way am obsessed with the money! I don’t count chickens. I trust my data.

lawrence-lugar · Mar 18, 2018

Sweet Bobby said:
You missed the life lesson!

I in no way am obsessed with the money! I don’t count chickens. I trust my data.

Everyone trusts their backend tested data...till it blows up in their face...like LTCM of the late 90's.
But their is no fool-proof, Holy Grail automated formula or system in the market.

I sound like a broken record...but this trading game...is part art, part science

,

And it takes a skilled trader to realize that and survive and thrive.
Having the ability to maximize reward and upside, in the constant lingering face of market adversity or risks.
Rules sometimes have to be broken and bended, and intuition and common sense applied to the unique, given situation.

ET 2018.

Sweet Bobby · Mar 18, 2018

lawrence-lugar said:
Everyone trusts their backend tested data...till it blows up in their face...like LTCM of the late 90's.
But their is no fool-proof, Holy Grail automated formula or system in the market.

I sound like a broken record...but this trading game...is part art, part science ,
And it takes a skilled trader to realize that and survive and thrive.
Having the ability to maximize reward and upside, in the constant lingering face of market adversity or risks.

ET 2018.

I am the skilled and artistic trader of which you speak!

sss12 · Mar 18, 2018

Maverick74 said:
Bobby, not trying to be critical, just asking a question. The S&P 500 is up 2.3% on the year. You are down about 3%. Last year you were up about 10% but the S&P 500 was up 20%. Wouldn't you just be better off investing in the S&P 500 and using your time towards something else?

Let me offer one other point. You are booking short term ordinary income. Even with futures it's 60/40. Meaning in order for you to beat the S&P 500, you have to outperform the market by at least 500 basis points since buying and holding will generate no taxable events. So even if you were matching the markets returns (which you are not), you still would need an extra 500 points in out performance just to break even. I'm not trying to be critical, just curious what the big picture is here.

Like the ACD thread but calling you on this. Most investors/traders are running a few different strategies that SHOULD BE uncorrelated. This could be 10% of his investable and the rest is long SPY or proxies !?.