Karen the Supertrader - TastyTrade Hybrid Experiment

Discussion in 'Journals' started by Sweet Bobby, May 18, 2016.

  1. DTB2

    DTB2

    The math in posts 1094, 1096 and 1099 doesn't add up.
    Part of the Tastytrade math that I don't like.
     
    #1101     Jun 2, 2017
    Macca1 likes this.
  2. easy
     
    #1102     Jun 2, 2017
  3. Stymie

    Stymie

     
    #1103     Jun 7, 2017
  4. I'm up 1.5% so far this year in what has been a difficult trading environment. No more defined risk trades in the portfolio. The only reason I went to defined risk was because of my small account size than my paper money account. I just trade less often and bigger. So far so good!
     
    #1104     Jul 10, 2017
  5. If you are deciding to trade undefined risk then you are dealing with a ticking time bomb.
     
    #1105     Jul 11, 2017
  6. You know not what you say.
     
    #1106     Jul 11, 2017
  7. Oh but I do know as I have blown up my account 6 times from 1993 to 2008. As I now understand risk and my YTD is up over 25% using ONLY defined risk. What research or experience are you using to justify undefined risk? Are you using stops?
     
    #1107     Jul 11, 2017
  8. Pekelo

    Pekelo

    You are selling mostly puts in a raising market, what is so difficult? Karen would be up 10% by now...

    Anyhow, her court case should be coming up soon, I will start a thread about that...
     
    #1108     Jul 11, 2017
  9. When the market is going up , you're the put seller
    When the market is going down , you're the putz seller
     
    #1109     Jul 12, 2017
  10. atrp2biz

    atrp2biz

    This comment is ignorant. If you're short one SPY straddle on a $100k account there is no risk of blow up. If you're long/short 5000 verticals with legs $2 ITM and $2 OTM there is a high risk of blowing up the same account despite being a defined risk trade. It's all about leverage and your blanket statement above is simply false. There is nothing wrong with the responsible use of undefined risk trades. Hell--just being long stock is undefined (to zero anyways).

    Your claim that your up 25% YTD using only defined risk trades suggests to me that you are using a high degree of leverage (ie. relatively high percentage of capital at risk on a given trade) and/or have been leaning very long. Your history of 6 previous blow ups seems to support this thesis.
     
    #1110     Jul 12, 2017
    Sweet Bobby likes this.