Karen the Supertrader - TastyTrade Hybrid Experiment

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

  1. Nice work on the profits - looks like the average trade size/leverage went up overall though - if I sum the credit of the first 10 trades it's less than 1/4 of the average trade credit of the last 10 or 15. So what used to be a 1500$ up day in June is now a 6k day in September.
     
    #651     Sep 20, 2016
    Sweet Bobby likes this.
  2. Yes, you are corr correct. For those who follow this thread, you might remember that a few weeks ago I said that I needed to rev things up a bit. I was being a little too conservative. Whereas I was trying to maintain a theta of 1/10 of 1 percent, I was often below that level.

    Based on Tastytrade research, I have now increased my theta range from a minimum of 1/10 of 1% to a maximum of 1/2 of 1%.

    I also now understand that I will keep about 25% of the total premium that I sell. This, I have a pretty good estimate of the amount of premium that I need to sell in order to reach my profit targets.

    Also, I am trying to use no more than 30% of my buying power. The strategy is a work in progress but thus far, I like the adjustments that I have implemented. I am a much better trader today than when I first began this experiment.
     
    #652     Sep 20, 2016
  3. Maverick74

    Maverick74

    Bobby, XIV is up 40% since April 5th. That is the short Vol ETF. Why are you just not long XIV? You get the same benefit without the upside drift risk.
     
    #653     Sep 20, 2016
  4. I'm not at all familiar with that underlying.
     
    #654     Sep 20, 2016
  5. F_488

    F_488

    Bobby if you rack up any more profits, we will have to contact Sosnoff and let him know there's a new Super Trader in town.
     
    #655     Sep 21, 2016
    Sweet Bobby and dealmaker like this.
  6. I am the greatest trader known to man . . . at least over the last two weeks anyway. :D

    upload_2016-9-22_16-1-43.png

    Line up now and buy my trade signals for the unbelievably low price of $99.99 a year. Be one of the first 10 to sign up and you'll receive a free copy of my latest book, The Humble Trader!:rolleyes:
     
    #656     Sep 22, 2016
    F_488 likes this.
  7. ...Take a photo of yourself next to your Porsche or Ferrari -- and you're Set for Trading Guru Greatness;
    [​IMG] [​IMG]
    :wtf:o_O
     
    Last edited: Sep 22, 2016
    #657     Sep 22, 2016
    Sweet Bobby likes this.
  8. I really need to borrow a jet. That would really look impressive!
     
    #658     Sep 22, 2016
  9. You damn fool! You are always popping off anytime you have a little success. But where is your ass during the drawdowns, huh? Not a peep out of you! Get lost loser! Geez!
     
    #659     Sep 22, 2016
  10. We are just a wee bit testy today, don't ya think? Chill out, man!
     
    #660     Sep 22, 2016