wonder why EVERYONE who ever made more than subsistence survival living trading on their own says this? maybe cause its true?
Karen the "Supertrader"
- Thread starter drmark27
- Start date
wonder why EVERYONE who ever made more than subsistence survival living trading on their own says this? maybe cause its true?
Interesting. I'm not familiar with the lady from several years ago. Any idea what her name was?
I posted here because I've yet to hear anybody voice skepticism about her story. I think one of the reasons may be because Sosnoff is presenting her. Many people respect him so much from TOS and they love TOS and love him, etc. Great setup for potential brainwashing.
A few numbers more:
This year she didn't have a losing month and up 30% (by mid-Oct). Last year she made 53% and the only down month was August by -4.5%.
Now last August was when the market tanked a decent amount, I think the max. down was -14%, but later bounced back. So being down only -4.5% shows that her money management is excellent. Although the real down from the 1st of Aug to the 31st was only -6%. (tanking started in July and the bounce)
The difference between her and an average premium seller are:
1. She also sells calls.
2. She reserves ammunition, so usually only committed up to 50% of the funds and if a big move happens, readjusts.
At least, that's how I understood it....I would like to see how she performs when the market tanks 20% in 4-5 weeks...
This year she didn't have a losing month and up 30% (by mid-Oct). Last year she made 53% and the only down month was August by -4.5%.
Now last August was when the market tanked a decent amount, I think the max. down was -14%, but later bounced back. So being down only -4.5% shows that her money management is excellent. Although the real down from the 1st of Aug to the 31st was only -6%. (tanking started in July and the bounce)
The difference between her and an average premium seller are:
1. She also sells calls.
2. She reserves ammunition, so usually only committed up to 50% of the funds and if a big move happens, readjusts.
At least, that's how I understood it....I would like to see how she performs when the market tanks 20% in 4-5 weeks...
At first I thought it was this woman the so-called "Queen of Condors" http://www.traders.com/index.php/sa...real-world/1365-the-queen-of-the-iron-condors
But I guess it is yet another woman getting miracle returns from ICs?
Max has been selling ops on the S&P for a LONG time and even he takes a big hit sometimes :
Name of trading advisor: AIM and/or Max G. Ansbacher
Inception of client account trading: May 1995
Inception of client account trading pursuant to General Program: May 1995
Number of open accounts: 1
Aggregate client assets overall: $15,547,909Aggregate client assets traded pursuant to General Program: $9,374,353
Largest monthly drawdown (5-year period): (20.76)% (9/08)
Largest peak-to-valley drawdown (5-year period): (32.01)% (12/07-10/08)
Number of accounts both opened and closed with a profit (5-year period): 6
Range of returns experienced for profitable accounts (5-year period): 0.02% to 5.95%
Number of accounts both opened and closed with a loss (5-year period): 11
Range of returns experienced for unprofitable accounts (5-year period): (.25)% to (18.71)%
2012 Annual Rate of Return: 13.68 (3Months)
2011 Annual Rate of Return: (18.76)%
2010 Annual Rate of Return: 11.77%
2009 Annual Rate of Return: 27.42%
2008 Annual Rate of Return: (28.95)%
2007 Annual Rate of Return: 5.25%
But I guess these gals just know more and have some "secret" method of avoiding getting "Niederhoffered"?
But I guess it is yet another woman getting miracle returns from ICs?
Max has been selling ops on the S&P for a LONG time and even he takes a big hit sometimes :
Name of trading advisor: AIM and/or Max G. Ansbacher
Inception of client account trading: May 1995
Inception of client account trading pursuant to General Program: May 1995
Number of open accounts: 1
Aggregate client assets overall: $15,547,909Aggregate client assets traded pursuant to General Program: $9,374,353
Largest monthly drawdown (5-year period): (20.76)% (9/08)
Largest peak-to-valley drawdown (5-year period): (32.01)% (12/07-10/08)
Number of accounts both opened and closed with a profit (5-year period): 6
Range of returns experienced for profitable accounts (5-year period): 0.02% to 5.95%
Number of accounts both opened and closed with a loss (5-year period): 11
Range of returns experienced for unprofitable accounts (5-year period): (.25)% to (18.71)%
2012 Annual Rate of Return: 13.68 (3Months)
2011 Annual Rate of Return: (18.76)%
2010 Annual Rate of Return: 11.77%
2009 Annual Rate of Return: 27.42%
2008 Annual Rate of Return: (28.95)%
2007 Annual Rate of Return: 5.25%
But I guess these gals just know more and have some "secret" method of avoiding getting "Niederhoffered"?
No that's the Ansbacher Fund. Max is a well-known S&P option seller. He's been doing it for 30 years. I believe that he rarely got negative returns before a few years ago.
But the idea of the post is that consistent big returns = consistent big risk...Unless you can pay for order flow info, or insider stuff like SAC is accused of.
Honestly, I respect Tom's integrity that this is a true and valid story for people to hear. You have to remember that he's trying to create a network to reach out to investors. If he can show someone with no options experience can go from doing classes at investools to managing money, it makes for a good story for his network and for advancing his goals. I saw the video and she seems genuine, and Tom does go after frauds, see Tim Sykes.