Karen the "Supertrader"
- Thread starter drmark27
- Start date
If you've been around long enough its all the same bull. Trading is a business and those who don't have a business plan have minimal chances of achieving even moderate success.
I don't remember anybody hating her, but I do have a few guys on Ignore. But just to explain why some criticize her (and that is not hating) is because she is not the first to use such strategy. Several other HF managers did so and quite a few of them blew up when the market had a quick turn.
So educate yourself both market history and English semantic wise, then come back to this thread.....
Or you can just listen to Karen when she talks about 2008. You know, that big drop thingy....
First, don't tell me what to do, your unsolicited suggestions are not welcome. Secondly, what strategies are original anymore to begin with? That's a rhetorical question, no need for a response. And last whether or not she may blow up or not, she still made a more than reasonable amount of money, more than any person needs in a lifetime.
TID.
Tommy blows it out for $600M and nets $85M for his own pocket in 2009.
he watches Karen ramp it up for a few years in real time in the TOS corner office.
think they are full of crap.......?
call him up 1.855.468.2789
tom@tastytrade.com
The only certainties in life are death, taxes, and options time decay.
http://www.dailyfinance.com/2009/11...-with-the-600-million-man-behind-thinkorswim/
get your head around the price line strangle when earnings shit hits the fan.
http://www.youtube.com/watch?v=afbBm7B1o0w
Ok lets get this straight, she basically sells specific strangles OTM in SP options, and if it goes from 5 percent prob. to say 10 or 15 percent ( market goes against her) they sell more premium further up the chain and hope for the best
Basically works in theory until it does not, at which time it may lose massive ?
Then I would expect you do the same, so don't tell me what to do!
Since we agreed not to tell each other what to do, I do answer this question. The problem with Karen's strategy is not that others have used it in the past, but that they blew up by using them.
Clear now?
That is an incredibly ignorant approach... Anyone can sell puts as long as it works. And when the music stops (and it always stops at one point) you the investor will be without a chair/investment account. Karen will be safely collecting the HF fees....