Karen the Supertrader - TastyTrade Hybrid Experiment

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

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  1. i960


    Lotta big talk here, sure would be a shame to eat some humble pie wouldn't it? It's one thing to disagree with people - it's another to basically disrespect their input by making caricatures of their words.
    #661     Sep 22, 2016
  2. ds4
    What are you talking about? Caricatures of whose words?
    #662     Sep 22, 2016
  3. I certainly don't mind thoughtful comments. I just got tired of all the hateful "shit hit the fan" and account blow up comments from people who have no clue as to what my strategy is about.
    #663     Sep 23, 2016
  4. newwurldmn


    Bobby, how many puts are you short? How many calls? How many puts and calls are you long?

    Do you mind sharing your positions? I'm curious as to how big you are vs your account size.
    #664     Sep 23, 2016
  5. F_488


    Go to page 1 of the thread and you will see all Bobbys Trades, he updates them on a regular basis.
    #665     Sep 23, 2016
    Sweet Bobby likes this.
  6. Pekelo


    I actually don't like P/L curves like that. It shows that after 10 weeks of trading you were back to zero, and all the gains were achieved in the last 8 weeks. I know P/L lines never straight up, but could you tell us what was the difference between the first and the last 8 weeks? I think volatility kicked in after the summer doldrums and you also used more margin, correct?
    #666     Sep 23, 2016
  7. I have 4 short puts in /ES and short 3 calls.
    SPX I am short one strangle
    I am short one call in SPX
    I am short one out in SPY

    If someone can remind me how to post a link to my spreadsheet I will gladly post it again.
    #667     Sep 23, 2016
  8. Based on tastytrade research, I moved my theta target to a range between 1/10 of 1% and 1/2 of one percent. Originally I was trying to just maintain 1/10 of 1% and I often fell below that target.

    I also allow myself to allocate up to 30% of my buying power for trades. Not much else has changed in the strategy.
    #668     Sep 23, 2016
  9. sle


    While we on the subject, why not just short VXX? He'd get all the benefits without the negative drift of a leveraged ETF.
    #669     Sep 23, 2016
  10. Maverick74


    The short interest rate on VXX is usually very high and it's also often hard to borrow.
    #670     Sep 23, 2016
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