Karen the Supertrader - TastyTrade Hybrid Experiment

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

  1. newwurldmn

    newwurldmn

    I didn't call you a liar. I never did. I have only asked questions to understand what you are doing.

    But it is odd that you earned over 1% (a pretty high amount given your size and performance) on a day that pretty much all short vol strategies should have lost.

    But now, it's interesting that you assumed that I am attacking you. You went from a person who was being rational, open, and unfairly being picked on, to someone who might be hiding something with Deflect and Attack tactics.
     
    #741     Sep 27, 2016
  2. The only way that anything that I'm reporting is incorrect is if I make a typo or if the info is reported incorrectly from TOS. I'm not selling anything and there's no reason for me to lie. This is just an experiment in learning.
     
    #742     Sep 27, 2016
  3. atrp2biz

    atrp2biz

    Vol is only one consideration. Delta can make up for the difference. I was short vol yesterday but still was ahead for the day.
     
    #743     Sep 27, 2016
    Sweet Bobby likes this.
  4. F_488

    F_488

    Guys let get back to the Trading. Its easy to trade insults sitting behind your keyboards but it doesnt make u a better Trader or put $$$$$ in your trading accounts (or buy you a 488 GTB) and that's the sole purpose of Elitetrader.
     
    #744     Sep 27, 2016
  5. The experiment is up $1,008.50 for the day. Here's the Greeks:

    upload_2016-9-27_15-8-5.png

    As you can hopefully see, the account is not in balance even after my two ES short call trades that I placed today. I don't expect to correct the deltas in a single day, so I just chip away at it. If you can't see above, Delta is -196.11, vega is -1278.03, theta is just fine at 194.05.

    Happy trading!

    Bobby
     
    #745     Sep 27, 2016
  6. Some of us just wanted to warn you about two related things (1) Not confusing genius with a bull market and (2) TastyTrade type stuff works great until it doesn't.

    Now go on back to trading credit spreads and strangles until you can buy your own private jets and NFL teams!
     
    #746     Sep 27, 2016
  7. newwurldmn

    newwurldmn

    What are the units for delta, gamma, vega, and theta.

    Am I reading this right:
    delta = change in SPY shares per $1 move in SPY
    gamma is change in delta (defined above) per $1 move in SPY
    vega is change in 1% move in IV
    theta is 1 day decay in option

    So if we selloff $1 (50bps) you are flat delta. because you will get longer 220 shares and you are currently short 196 shares.

    If this risk is comparable to what you were running going into Monday how did you make money? By the time 1/2 the move was over you were flat delta and probably lost 1 vega (which would be like 1200).
     
    #747     Sep 27, 2016
  8. MK, you just proved your own ignorance. I am continually short the market - not bullish! Thanks for chiming in!
     
    #748     Sep 27, 2016
  9. Flynrider

    Flynrider

    His point may be that short vega strategies do well in a bull market? I also consider myself a "tasty trader" but have a lot more diversity of underlying and theta/vega strategies than you're doing here. Anyone that thinks "tasty trading" is just selling naked strangles in SP500 is wrong (I'm pretty sure you probably know this).
     
    #749     Sep 27, 2016
    Sweet Bobby likes this.
  10. Pekelo

    Pekelo

    We got it. We got it for the first time, you guys don't have to harp on it. Now just sit back and wait until you will be proven right. I mean it is a win-win for you, it isn't your money at stake and you will be right at the end, so there is simply no way to lose!!!

    Of course you could also learn a few things, but you already know everything, so there is really no reason for you guys to be in this thread. We promise, we will post a Booby Blew Up! post so you will get the news.

    In the main time, just shut the fuck up...
     
    #750     Sep 27, 2016
    Sweet Bobby likes this.