Karen the "Supertrader"

Re "Karen", It's interesting to note how skeptical most are and then
someone says she stupid for giving away her methods. She has no worries about that in my view because her methods do have unlimited risk, which scares the hell out of us and she has a team of 5 or six making adjustments all day long who don't worry about a bucket of trades, just the SPX. She is a number cruncher who keeps the stats and odds on her side.

BTW she's not just short puts, but calls also in the form of strangles
and said she likes to have only 5% OTM on the ends. Also never out more than 56 days...

I suggested on another forum it would be easy enough to test her strategy on TOS paper trading for instance and was willing to bet a six pak of Oregon beer that outcomes would agree with a statistical model of 10% losers...

Regards,

Jerry
 
Quote from jerry2dt:

It's interesting to note how skeptical most are and then
someone says she stupid for giving away her methods.
More...

So you find it interesting, that different people have different opinions? That is interesting...

What is interesting about Karen is how she finds investors. I would like to read her fund's brochure and the full disclosure and description of risk... I bet most investors don't get the full picture....

But I like your idea of testing it on a virtual account. Although we all know the outcome, it works until it doesn't....
 
Quote from Pekelo:

So you find it interesting, that different people have different opinions? That is interesting...

What is interesting about Karen is how she finds investors. I would like to read her fund's brochure and the full disclosure and description of risk... I bet most investors don't get the full picture....

But I like your idea of testing it on a virtual account. Although we all know the outcome, it works until it doesn't....
More...


Agree, if ET could be useful for something it would be to uncover the D doc's or if she is even registered.....


if you gogle her, her full name is out there, but went nowhere really , it is more associated with charity than any "fund"
 
Quote from drmark27:

"Karen the Supertrader" has been featured on Tasty Trade twice (both sessions are available on YouTube). She turned $100K of her own money into $800K or so and then started raising money from others and now trades two or three funds that have amassed $105M in trading profits all from selling naked strangles.

I think the whole story is a fraud. Any thoughts?
More...


audited results are probably only available to potential new customers,

so pony up some and get a look see....
 
Quote from badvestor:

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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there is the mathematical reality that the markets are just so large, that they could withstand more players on that end of the pendulum without even noticing or shifting outside of their normal swing.

so perhaps its not as stupid, or limited as one would believe,

frankly, the exchanges, which have had to sell themselves (hmmmm, who else does that?) and merge with other exchanges, have lost something...

that something is their market relevance to society in that the products offered either were caustic and toxic to their users / customers (who kept failing, losing and not repeating) or no longer relevant in society...

where is/are the former exchanges?
NYBOT?
NYCE? (wasn't that the coffee exchange)
NY Cotton Exchange (wasn't that tied to southern plantation complexes)
KC Stock Exchange?
BOS (Boston stock exchange)?
SFO Stock Exchange?
NYSE?
LAX Stock Exchange?

yeah, all through history, these institutions exist on the larger customer theory...

so perhaps her revealing her strategy is a matter of scale
 
Quote from limitdown:

there is the mathematical reality that the markets are just so large, that they could withstand more players on that end of the pendulum without even noticing or shifting outside of their normal swing.

so perhaps its not as stupid, or limited as one would believe,

frankly, the exchanges, which have had to sell themselves (hmmmm, who else does that?) and merge with other exchanges, have lost something...

that something is their market relevance to society in that the products offered either were caustic and toxic to their users / customers (who kept failing, losing and not repeating) or no longer relevant in society...

where is/are the former exchanges?
NYBOT?
NYCE? (wasn't that the coffee exchange)
NY Cotton Exchange (wasn't that tied to southern plantation complexes)
KC Stock Exchange?
BOS (Boston stock exchange)?
SFO Stock Exchange?
NYSE?
LAX Stock Exchange?

yeah, all through history, these institutions exist on the larger customer theory...

so perhaps her revealing her strategy is a matter of scale
More...

Don't forget the Pacific Stock Exchange out of SF which now is an Equinox Gym...
 
Quote from limitdown:

there is the mathematical reality that the markets are just so large, that they could withstand more players on that end of the pendulum without even noticing or shifting outside of their normal swing.

so perhaps its not as stupid, or limited as one would believe,

frankly, the exchanges, which have had to sell themselves (hmmmm, who else does that?) and merge with other exchanges, have lost something...

that something is their market relevance to society in that the products offered either were caustic and toxic to their users / customers (who kept failing, losing and not repeating) or no longer relevant in society...

where is/are the former exchanges?
NYBOT?
NYCE? (wasn't that the coffee exchange)
NY Cotton Exchange (wasn't that tied to southern plantation complexes)
KC Stock Exchange?
BOS (Boston stock exchange)?
SFO Stock Exchange?
NYSE?
LAX Stock Exchange?

yeah, all through history, these institutions exist on the larger customer theory...

so perhaps her revealing her strategy is a matter of scale
More...

Didn't BWollinsky buy the KC exchange?

surf
 
Quote from Pekelo:
What is interesting about Karen is how she finds investors....
More...
It took 24 pages, but finally we have a sensible comment. At the start of the thread, there was a mad scramble to be first to declare the story bogus. That's an interesting phenomenon in itself and perhaps a topic for another thread.

I find the story of Karen's trading style unremarkable, especially for a short gamma approach. What is really interesting to me is how she built her organization, and how she amassed all that capital. Maybe the story should be called "Karen the Supermanager" or "Karen the Supersalesperson".
 
Quote from rwk:

It took 24 pages, but finally we have a sensible comment. At the start of the thread, there was a mad scramble to be first to declare the story bogus. That's an interesting phenomenon in itself and perhaps a topic for another thread.

I find the story of Karen's trading style unremarkable, especially for a short gamma approach. What is really interesting to me is how she built her organization, and how she amassed all that capital. Maybe the story should be called "Karen the Supermanager" or "Karen the Supersalesperson".
More...

I grimace every time I see the the word "Super" here, on et there are lots of
"Super" bullshitters, see the Hershey thread for some "Super" bs. :p
 
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