Ok gang, today was the best trading day of my life as far as percentage gains. My PhD dissertation is on developing a strategy that allows one to make positive returns in normal markets, while making meteoric returns during market corrections.
As you recall, the account started with $3,900. (Originally was $4,500 but I withdrew $600 before trading began.) I have maintained meticulous records of all trades.
Today, the hedges kicked in and I decided to take profits. I closed all positions with the exception of a risk reversal trade that expires today.
Total realized profits in the account total $3,993.56 for a return of 102.4% return in only 25 days.
Now I know you’re going to say that I entered the hedge at just the right time. You are correct. However, the strategy allows me to make money even when the market goes up! I am able to do this because of what I call the golden ratio between short puts and long puts. I’m not sure why this ratio works, but it does. Violate the ratio and your account is at risk.
I will start entering new positions in this account now that I have confirmation that the process works. I thought it would, but it’s great to see it work in real life.
Now, I have been attacked to no end on this forum by uneducated trolls. I challenge any of you to take up my offer. In the highest attempt to be transparent, I will gladly Skype with you and show you my screen with all my orders. Hell, I will post my February statement once I receive it. I just don’t know how I can be more forthcoming.
I don’t need to prove to any of you anything. I took Karen the Supertrader’s strategy and meshed it with Tastytrade methods. I added my own research that I found over the last 10 years searching for sufficient hedges to protect and enhance Karen’s approach. I am fully confident in my strategy. It is not the holy grail, but it is damn good!
I am forever, Bobby the Supertrader!!!
Happy Trading!