You ever hear of one of Karen the Supertrader’s Clients suing her?

"Karen Bruton" was accumulating unrealized losses through a DITM ES FO calendar. A three day calendar in which the sole purpose was to book a realized gain on the short proceeds while carrying a huge unrealized loss. He fraud fund was structured to pay performance fees on realized gains and ignoring unrealized gains/losses.

1) The calendar was 100 points ITM with essentially zero greeks (same as 100 point OTM calendar trading for pennies). The only purpose was to carry forward large unrealized losses.

2) "Karen Bruton" and her "Hope International" fraud went into the scam calendar trade knowing she was adding an additional $300,000 in losses with each roll.

Sweet Booby is doing the dumb(er) version posting realized gains of 13% on his YT channel while ignoring >20% unrealized losses.

https://www.elitetrader.com/et/thre...s-geeks-on-parade.328651/page-14#post-4954941
 
GoGo Yubari says "Bingo".

destriero said:
1) The calendar was 100 points ITM with essentially zero greeks (same as 100 point OTM calendar trading for pennies). The only purpose was to carry forward large unrealized losses.
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People have received 10-15 year sentences for similar frauds re: similar monies. Imagine booking a guaranteed $300K MONTHLY loss to perpetuate the scam.
 
drmark27 said:
At the very least, I need to know the entire position. This doesn't tell me enough.

I recently backtested a RC hedge through 2020 and it failed miserably despite being advertised to do wonderfully in exactly that type of situation. I'd be interested to see the differences between yours and that one.

Spectacular performance may always be the result of [timing] luck. I therefore won't give much credence to an isolated ROI claim unless I've explored the surrounding parameter space and found it to be robust.
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So you wanna come over for drinks and dinner?
 
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