Karen the Supertrader - TastyTrade Hybrid Experiment

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

Thread Status:
Not open for further replies.
  1. 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


    #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


    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


    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.
Thread Status:
Not open for further replies.