Karen the "Supertrader"

a couple points...

to the poster who said she has on staff the best ta person alive. even if she did (which she prob doesn't) it doesn't matter b/c even the best trader in the world gets it wrong OFTEN.

saying she made $105 million is less impressive if she ends up losing it all in one week which is EXACTLY what happened to v. niederhoffer.

the insurance analogy is a good one. here's another insurance analogy - she sells a $1 million USD term policy to me for $100 a year. I decide that i would rather pay monthly rather than pay for the whole year up front so i pay more ($11 instead of 100/12). legally, as soon as i give her the first payment she must pay my heirs the full policy amount (yes i know suicide is excluded).

bottom line, i think this issue is settled that picking up pennies in front of a steamroller is a bad idea.

v. niederhoffer looked like the best trader in the world right up until the time he was the worst. the sad thing is most of it was not his money that he lost. karen's investors will learn the same lesson.
 
Quote from FrankSlaughtery:

a couple points...

to the poster who said she has on staff the best ta person alive. even if she did (which she prob doesn't) it doesn't matter b/c even the best trader in the world gets it wrong OFTEN.

saying she made $105 million is less impressive if she ends up losing it all in one week which is EXACTLY what happened to v. niederhoffer.

the insurance analogy is a good one. here's another insurance analogy - she sells a $1 million USD term policy to me for $100 a year. I decide that i would rather pay monthly rather than pay for the whole year up front so i pay more ($11 instead of 100/12). legally, as soon as i give her the first payment she must pay my heirs the full policy amount (yes i know suicide is excluded).

bottom line, i think this issue is settled that picking up pennies in front of a steamroller is a bad idea.

v. niederhoffer looked like the best trader in the world right up until the time he was the worst. the sad thing is most of it was not his money that he lost. karen's investors will learn the same lesson.
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True true. Maybe she should get into some activist campaigns....just kidding.
 
When people make 105 million and hold other people's money they are not some shadows in the night. They should have a name and telephone number and address and most likely a compnay name.

Most hedgefunds who sell naked options are listed and have nice brochures and web sites you can scroll through. These are legit outfits and they have an office. They rarley operate from a bedroom and pop up on talks shows and Youtube videos.

Has anyone thought along those lines-? Need to know the identity of the person making such claims- otherwise it is too good to be true and it probably is.
 
The whole discussion is pointless unless you know the identities of the Super trader and have a telephone number and company roster.

This is nonsense otherwise what happens or not, it is making everyone feel jinxed and less off even though there are some brilliant people posting here who know this business very well.
 
Quote from Pekelo:

What I don't get is, why were those 2 schmoes jizzing all over her in the video, instead of asking her, how does your system perform in a 4 sigma event??? What would be your loss when the SPX drops 20% in 3 days?

They were talking about her like she discovered the wheel. Let's make it clear:

1. Selling premium is nothing new.
2. Selling premium is not really trading. It is being in the insurance business.

So calling her a super trader is an incredible stretch, and those 2 "experts" should have made clear the dangers of such strategy. But I guess they had to promote someone interesting/successful.....

Now to give her credit, they are probably very good at managing the positions and they don't take a full one, only when there is a big market move. I think one fund being completely for charity is a bit fishy. It is either some kind of tax write off or helping to bring in clients...
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I like to know the identity of the person fully disclosed before making such claims on the Internet and Youtube. There is nothing to fear if you are a legitimate operation and carry that much wherewithal.

No need to stir the storm and than hide
 
Earlier in this thread, someone (Pekalo?) solved the mystery of who Karen the Supertrader is. I was able to find links on-line. See if you can find it too and if that satisfies your curiosity.

I agree with what you said about Tom Sosnoff's credibility. One thing I would ask is whether this has damaged his credibility?



Quote from Optiontrader5:

I like to know the identity of the person fully disclosed before making such claims on the Internet and Youtube. There is nothing to fear if you are a legitimate operation and carry that much wherewithal.

No need to stir the storm and than hide
More...
 
Quote from Optiontrader5:

I like to know the identity of the person fully disclosed
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I already posted it in this thread...

Also, since HFs are not allowed to advertise, by keeping herself semi-anonymous, she protects herself from being disciplined...
 
Quote from rt$:

Would Black Monday in October 1987 when the market dropped like 25% count as Mr. Fat Tail?

I believe the market was down the Friday before the Black Monday. It might have down also on Tuesday, the day after Black Monday.

What kind of adjustments would Karen make if the market tanked 25% one day?

What kind of adjustments would Karen make if the market drops 25% and then another 20% the next day?
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she could be long a bunch of penny options as a hedge for a black monday,making her shorts spreads reducing the leverage
 
Watched both videos. stupid of her to break down her strategy in such detail. Guess she's looking for more money at the risk of having other large players replicate her moves.
 
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