What's the current view of Tasty Trade after Karen-the-Faker?

J

JesseJamesFinn1

Someone from my past claimed he followed all the great recommendations of Tasty Trade even though his account was very limited along with his ability to blow accounts up. I watched someone's video about back-testing Karen's great trading skills and he was suppose to have exposed her before the SEC or did he? Did anyone here ever think Karen's returns were too good when all the best Hedge Funds were getting slammed?


Looking at William Ackman its hard to imagine someone who will not get out of the way of a trade like VRX, last year on Elite there were some of us buying the Puts while buying the Calls on AGN when they both fell down to $150.00
 
JesseJamesFinn1 said:
Someone from my past claimed he followed all the great recommendations of Tasty Trade even though his account was very limited along with his ability to blow accounts up. I watched someone's video about back-testing Karen's great trading skills and he was suppose to have exposed her before the SEC or did he? Did anyone here ever think Karen's returns were too good when all the best Hedge Funds were getting slammed?


Looking at William Ackman its hard to imagine someone who will not get out of the way of a trade like VRX, last year on Elite there were some of us buying the Puts while buying the Calls on AGN when they both fell down to $150.00
More...
Forget Karen - you guy should be doing what this guy does. He makes 3% a month on a strategy that's similar but slightly refined.

https://www.tastytrade.com/tt/shows...rod-tastytrades-newest-rising-star-08-04-2016
 
sysdevel99 said:
Forget Karen - you guy should be doing what this guy does. He makes 3% a month on a strategy that's similar but slightly refined.

https://www.tastytrade.com/tt/shows...rod-tastytrades-newest-rising-star-08-04-2016
More...


I don't think Tasty Trade was aware of Karen and the gang got duped by her story, all of us were kind of infatuate to think someone as old as Karen was able to make it so big in such a short period. I was really bummed out Karen turned out to be a huckster and perhaps got trapped like the CEO of Satay Software who said "When your riding on top of a tiger you lest not get off for fear it eat you up" when referring to his accounting scandal. The ticker was SAY, Indian company manufacturing false returns until it got bought out. Will watch the video and study his method, thank you!
 
Surprise said:
Avoid like the plague ...
More...
Now that Karen is investigated they have to promote another "supertrader or rising start" who's strategy is almost exactly the same but hopefully will hook another 5k viewers until he blows up.
 
Were you saying to avoid anything from Tasty Trade because the clown who told me to watch them was under my wings from 2001-2004 until he decided to change his style of trading from mine and had me alter my causing me to lose because he wanted me to trade options without any knowledge of that asset class. I could trade any stock as good as any trader but stupid me decided to trade options after making $250,000 off three option trades playing with $75,000 a pop. I learned my lesson and broke ties with that idiot, we have not spoken since 2004 until I sent him a email by accident last year showing I had finally managed to mimic my small cap trading with weekly and leaps.

The moral of my story is to avoid changing what works for you especially when some asshole who took $2.5 million in 1997 down to $13k in 2001, I helped him bring his account back up to $100k+ only for him to blow up himself and his wife's IRA with Option Trading. Why was the money we made buying Small Caps not enough for him? What was wrong with making $150k to $250k trading small cap stocks and microcaps? My research was very good, he basically screwed up my trading for almost one year. It took over one year to get that asshole's hoodooness out of my head.
 
What many people fail to understand is that the main purpose of tastytrade is to generate commissions for TOS. Here is a good explanation of the whole tastytrade/TOS connection:

http://johnsville.blogspot.ca/2014/11/tastytrade-shill-with-skills.html

And couple more articles about Karen the supertrader:

https://steadyoptions.com/articles/karen-the-supertrader-myth-or-reality-r110/
http://realmoney.thestreet.com/articles/06/08/2016/why-karen-supertraders-story-never-made-sense
http://sjoptions.com/karen-the-supertrader/

Here is the SEC complaint:
https://www.sec.gov/litigation/complaints/2016/comp-pr2016-98.pdf

Fascinating read. She definitely should be in jail, together with Bernie Madoff. And Tom Sosnoff is probably the next to be investigated by the SEC.
 
You must log in or register to reply here.
Back
Top