Karen the "Supertrader"

Quote from sle:

What is the difference? Both are bets on overpriced implied distribution and both are going to suffer in extreme market environments.
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She makes an extra nickel but will blow up even bigger?
 
If you were this grandma making this kind of serious coin would you expose yourself as a promotion for something called "tasty trade" and make comments about fleeing to Mexico?

Only a real idiot or an actress would do such a thing as there is zero upside. surf
 
Quote from jeffalvinson:

I have watched both videos about a half dozen times.
Here's what I got out of it:

She says that initially she sells either naked puts, "or" naked
calls and then just watches the "Probability Indicator" on the TOS
software. She starts out initially with a probability of that put
finishing In the Money by 5%.

As time goes by, if the market is moving down and the probability indicator says that put strike she sold now has a 30% probability of finishing ITM, she balances the position by selling calls, or more further out puts, or both. Whatever it takes to bring the equation back into balance, "because once she gets a credit, she ain't giving it back."

She initially starts off 50% invested in her account, but if things get in trouble she will use 70-80% of her account to make things whole.

Jeff
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Sounds like something I used to do random entries not based on any sort of pattern and then unable to accept the initial position was wrong. So in essence once the position is losing she is taking a synthetic stop by selling the call. Only problem with this is when the market then goes back into the desired direction the short call becomes bigger and bigger thus snowballing the loser until enough time has passed. That is why I don't understand how she is "active"

I suppose by having enough capital she is using time as her edge.

Hey Karen pm me so I can set up a job interview I would love a piece of that pie.
 
Quote from riskaddict:

Sounds like something I used to do random entries not based on any sort of pattern and then unable to accept the initial position was wrong. So in essence once the position is losing she is taking a synthetic stop by selling the call. Only problem with this is when the market then goes back into the desired direction the short call becomes bigger and bigger thus snowballing the loser until enough time has passed. That is why I don't understand how she is "active"

I suppose by having enough capital she is using time as her edge.

Hey Karen pm me so I can set up a job interview I would love a piece of that pie.
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riskaddict,

She has 5 traders watching things all the time on the SPX,
NDX & RUT (although she said the SPX is her bread and butter)
and they are all friends, so she may not need you...ha...ha.

On the video she claims only 1 losing month in all of 2011 and 2012 to date.
That losing month in 2011 was August, where she lost -4.5%
of account value, "but" 2011 finished up the year at +53% net.
She also said she up +30% net through the end of the third quarter in 2012.

My questions are: what about 2008-2009 (-52% SPX decline from June 30, 2008 = 1404 to March 2009 = 666)?, or didn't she apply these strategies that short amount of time ago?
"How in the hell could a naked put seller of the SPX survive a
-52% decline over a 9 month period of time?"

Enquiring minds want to know,

Jeff
 
Quote from marketsurfer:

If you were this grandma making this kind of serious coin would you expose yourself as a promotion for something called "tasty trade" and make comments about fleeing to Mexico?

Only a real idiot or an actress would do such a thing as there is zero upside. surf
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What about fleeing to mexico?
 
Quote from newwurldmn:

Who's PT Barnum in this situation and who are the suckers being born every minute?
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TS kinda looks like a circus promoter. Maybe he's trying out his first big act?
 
Quote from marketsurfer:

jeff alvison states here:

http://www.elitetrader.com/vb/showt...700774&highlight=learning+spanish#post3700774
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Don't make too much of that line, she was just kidding.
If you watch the video, Karen and the interviewer were talking about how she survived the flash crash of 2010.
interviewer:
"lets talk flash crash may 6 2010?"
"
Karen:
I was practicing my Spanish that day because I thought we would be moving to Mexico...laugh...laugh"

Its at 17 min 50 sec to 18 min 15 sec of this May 31, 2012 interview:
http://www.youtube.com/watch?v=cXy9HoWX0es


Here's the longer interview from October 26, 2012:
http://www.youtube.com/watch?v=BquDGE9KxZQ
 
It's not good business for fund managers to make jokes like that. One never knows when 60 minutes , American Greed or the Feds are listening. :D :D :eek:
 
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