Karen the Supertrader - TastyTrade Hybrid Experiment

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

  1. i960

    i960

    And lose on the equity value too.
     
    #421     Jul 19, 2016
  2. Maverick74

    Maverick74

    Bobby, any reason why you stopped updating your spreadsheet?
     
    #422     Jul 19, 2016
  3. Alot of people are too proud...to post failure stories o_O:banghead:
    They only want to show off the positive of themselves.
     
    #423     Jul 19, 2016
  4. Maverick74

    Maverick74

    It's not a failure story. But his followers are probably more interested in how this strategy does when it's not working vs coming on here during the theta bleed and talking about the small decay he is earning every day. I won't call him a failure. I just want him to be consistent.
     
    #424     Jul 19, 2016
    Sweet Bobby likes this.
  5. My apologies, Maverick. The worksheet has now been updated.
     
    #425     Jul 19, 2016
  6. And the asshole of the day award goes to . . .
     
    #426     Jul 19, 2016
    F_488 likes this.
  7. Three trades today.

    upload_2016-7-19_21-5-14.png

    Here's a look at the Greeks:
    upload_2016-7-19_21-8-44.png

    Since I can't enter a OCO order to close my ES positions at 2x the credit received, I have added yet another column to my spreadsheet to help me keep an eye on those positions. I never had this trouble with SPY and SPX. I still have several "problem children" but I have some time on my hands.

    Happy trading!

    Bobby
     
    #427     Jul 19, 2016
  8. i960

    i960

    Why can't you do this? You should totally be able to submit an order to do that.
     
    #428     Jul 19, 2016
  9. On my SPX and SPY I set up two closing orders simultaneously. One to take profits at 50% and the other to close at 2x loss, with one order cancelling the other. TD told me that I can't do a stop limit order on ES options. If you can tell me how to do it, I would greatly appreciate it.
     
    #429     Jul 19, 2016
  10. The put skew is there for a reason, think about this the 87 crash completely changed how options are priced, that's a pretty big deal. There is a paper somewhere that talks about the crash in sigma's some insane number, don't have time to find the paper. On a crash with defined risk you eat the max loss and move on, with naked options you are f&*ked.

    https://www.cboe.com/micro/skew/documents/skewwhitepaperjan2011.pdf
     
    #430     Jul 21, 2016