This is a test of a strategy combining what we know of Karen the Supertrader's strategy combined with some of the research from TastyTrade. Will it be profitable? Time will tell. I started this experiment on April 5, 2016. Here is a link to my spreadsheet where you can follow along. Thus far the account is up $2,034 on a $150,000 account. This should be interesting.
...So in about six weeks you made 3% , or an average of .10%/day Easier said than done in the long run, and most people fail... but I would hardly call that a SuperTrader.
Karen the "supertrader" Why not attached the youtube clip where she says she almost blew her account during the flash crash.
2 things you might not be aware of: 1. There is a Yahoo group where they have been running this experiment for 2+ years now. No need to reinvent the wheel. 2. She is using portfolio margin so she can write way more contracts than your retail margin allows you. 2K on a 150K account is 1.5%....
Call me pedantic if you want, guys, but when I left high school (only a few years ago), $2k on a $150k account was actually 1.33%. Must be this "new math", I suppose ...
I can already tell that I'm going to get a lot of support and encouragement on this thread. You guys are the best!