Managing Funds for a Living

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ENCY is down 16% today. Tell that to the covered call player who traded it yesterday. FWIW, ENCY vols are going to skyrocket. I'll go on the record stating July vols will hit 350%. Stock lost $.75 and the 5C lost $.15. Nice, the CC lost $.60 on the day.

I see you've edited out the reference to 50% returns in that C2 account. Smart move. Down 2.6% with a -7.40 Sharpe in two weeks? Phenomenal.
 
So your methodology involves CC on the biotech sector into trial results? I recall you were in the CC on DNDN pre-FDA. That didn't work out so well.

Easy money.
 
Your postings are clueless - trying to render mine as such?

If you've been in the game for any length of time...and I'm sure you are one of the very knowledgeable - perhaps still trying to bring results in line, but you'd know time-and-again baseless, meritless points don't mean anything.

Not worth mentioning. Long term results (or for me mid-term to long) are what matter. Not the day to day drivel most are intent on quibbling about.

And what 50% claim was removed. Go follow some true guru that understands Greek, etc. and come back in 6 months. Then you can kick my a** with the told-you-so's. Until then go away or at least give a leg up once in a while. G
 
Perhaps you're suffering from water on the brain. You cite a biotech stock which will soon be trading <$1 or >$10. Selling vol in such a scenario is insanity... the vols have nowhere to go but up on ENCY.

You were spamming this site for weeks before settling on your current pseudonym.

You're 48yo and don't have an account that would buy a Toyota Prius, but you spam with these fictional 7-figure portfolios.

You've been doing this for a decade and don't know the most fundamental concepts.

You got your ass handed to you in DNDN, thinking that 400% vols were a good sale. They were, but not when you're short puts.

Perhaps worst of all... you have a phucking soul-patch. The faggiest facial hair in recorded-history.
 
...not to hit another chord, but spare me, please!

I said ENCY-type (30%+ out a few months) plays may look good - but prob aren't.

Anyway...CL I forgot to log the put option at the exact time I made the IOC trade...but many more CC trades will make this study available.

Gil
 
Quote from paysense:

...not to hit another chord, but spare me, please!

I said ENCY-type (30%+ out a few months) plays may look good - but prob aren't.

Anyway...CL I forgot to log the put option at the exact time I made the IOC trade...but many more CC trades will make this study available.

Gil
More...

It doesn't matter if you forgot to log the trade, it will be the same as your CC anyway. What you should log against it is the diagonal.

On a different note, you're tangling with the wrong guy. You'd be much better served asking atticus to assist you with trading. He is one of the few around here who is the real deal. Not to offend you, but you are stating hypotheticals and theory with an account balance that doesn't back up the claims. Atticus can show 60%+ over six months on an actual 8 figure account; AUDITED.

In your frustration you instructed him to follow some guru; he is the guru. On his worst day he is a better trader than 99% here on their best day. I'm not trying to make you feel bad, but I think you should know what you're talking about.
 
All feelings aside -

Here is my summation...I don't care, I don't believe it and I don't see it!

I only wish to engage in constructive dialogue. I am not stupid...I can discern a problem when I see it - especially when my intents and convo is contained well within what I personally know is of great value.

So when someone comes along sideways...it doesn't take a rocket scientist to figure out what they are all about - nothing but problems that I will continue to avoid.

I don't care what he knows or what his short-term success has unfolded. It IS meaningless - just like (most) of the rest. Besides this is NOT that big a deal...managing money. Get a clue! There is life and then there are side notes. This is a side note!

In time what I do know will be astoundingly backed up and greatly overshadow - even the best! Because I know what the best have to offer - even with astounding knowledge and capabilitites.

Success requires that you put it ALL together into something meaningful...and I have not seen it - and wish I did!

Not to say that I won't improve upon my true success, which of course is a constant. So please, spare me the ABSOLUTE nonsense - I've heard it before.

I have a track record of many years - like clockwork. It may not be with real money growing into really substantial sums - but believe me you...this to will be a side note. Please let me do what I do since it's gonna take at least 3 months to see anything.

And believe me oh guru's of guru's, wherever you are, thus far ALL is in keeping within strategy parameter. If it wasn't I WOULD suck. But that is not the case.

I really am sick of crappers, so lay off - manage your 6M and talk to me this time next year. I know my metrics will be hit and you do not.

Pay some sense!!
 
How would you feel if what you do with success is done in your sleep. And you post an ongoing log that many people may benefit/read and a couple of yahoos want to tell you where you are at. OVER AND OVER AND OVER - AHHHHH!!!!!!

it is nonsense.
 
p.s.,
Is English your primary language? I am just curious because most of your posts ramble on in a rather incoherent and grammatically incorrect manner.

Cache is trying to help you, and although he doesn't do it in the nicest way, atticus was helping you too. So there are people on this site trying to help you, but I was just wondering who are the "many people" you refer to that you are benefiting? Could those who feel this thread is helpful or very useful to them please speak up? I have seen many posts that all agree that you appear to not know what you are doing, so where are the posts that thank you for this thread? Is there anyone who finds this thread beneficial to their trading?

Your record and your posts show that you don't know as much as you should to be giving advice to anyone. There is nothing wrong in lacking knowledge if you are willing to learn, but your attitude seems to preempt the possibility of your growth.
 
Quote from paysense:

All feelings aside -

Here is my summation...I don't care, I don't believe it and I don't see it!

......

I really am sick of crappers, so lay off - manage your 6M and talk to me this time next year. I know my metrics will be hit and you do not.

Pay some sense!!
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Well, I was actually trying to help you to understand the world in which you are trying to function. You know only one or two of the most basic options strategies and are completely clueless what the others have to offer.

Even in the face of tangible proof you are too stubborn to admit your lack of knowledge. Then you ignorantly lash out at others because in reality their presence makes you look and feel inferior. You can convince yourself that you are better than them, but the poor shmucks that you're trying to charge lose confidence very quickly.

It is obvious to everyone here that you are the one making unsubstantiated claims.

1st - with the returns that you claim to be able to get over the long term, even a $10K account would be well over $1MM by now.

2nd - your statements make it painfully obvious that you aren't even slightly familiar with the industry, yet you try to make it sound like you know everything about it.

3rd - your strategy (by definition) should outperform the index on a daily basis. You are currently underperforming the index by a significant amount considering the short period of time.

4th - you are the one here that isn't making enough from trading and thus feels compelled to charge subscription fees for beginner strategies that any schmoe can figure out on his own.

I could keep going but the point is obvious. I was inclined to try to help you out before, but your adolescent rants aren't very appealing. I wish you all the best in trading.
 
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