Karen the Supertrader - TastyTrade Hybrid Experiment

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

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  1. #1221     Dec 31, 2017
  2. DTB2

    DTB2

    I'm quite confident that T&T have not had a profitable year since tastytrade began. Early on their scalping was pretty good until they really stuck to their hold until you're right BS.

    I think they are still short ES from 6-700 points ago!

    For my taste, selling naked options (capping your upside to increase you POP while not capping your downside) is bass ackward.
     
    #1222     Dec 31, 2017
  3. Of course...hindsight is 20-20.
    Yeah, but what if the market was DOWN 20% last year ?
     
    #1223     Jan 2, 2018
    samuel11 and Sweet Bobby like this.
  4. Just do a credit spread....that will cap the downside.
    I believe the 4 legged version of this is called selling a condor....
     
    #1224     Jan 2, 2018
  5. Pekelo

    Pekelo

    We are going to see it this year...
     
    #1225     Jan 2, 2018
  6. I sold a strangle in FXI today for a 1.04 credit with 45 Dte. I will close it for 50% profit, or a loss of 2x the initial credit received, or after 22 days - whichever comes first.
     
    #1226     Jan 2, 2018
  7. My probability of profit on the trade is upwards of 70%. I like those odds!
     
    #1227     Jan 2, 2018
  8. I would recommend that you look at maximizing payoff instead of just probability of win.

    payoff = probability of win * (reward/risk)
     
    #1228     Jan 2, 2018
  9. Not if you "bet the farm"...LOL.
    What % of total capital did you risk ?
     
    #1229     Jan 2, 2018
  10. I don’t solely look at probability of profit. This was the best trade for me on the board today according to my criteria.
     
    #1230     Jan 2, 2018
    dealmaker likes this.
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