I agree. You can pick up nickels in front of steamrollers, eat like a bird and sh*t like an elephant, etc -for a whole career as long as you get lucky at a few critical times. It's a variation on a common theme and I think some folks make entire successful careers out of it. Savvy money managers will run a regression on the fund returns and, if volatility appears to explain the returns, they will look out for a premium-selling scheme.
no question about it. What is this "super trader" fund? who are the auditors? Why is she promoting herself on youtube? surf
I'm skeptical as well. Who hands millions over to a "trading team" made up of a couple of former CPA's and a lawyer that met at a freaking trading seminar? This whole thing smells fishy to me....
Unless it was sosnoff himself who invested with the whole thing planned as a marketing campaign, I don't know anyone who would back such a program ....
Because they either: i) are still in the super profitable stage immediately prior to blowing up ii) can't remember the last time(s) they blew up
What I don't get is, why were those 2 schmoes jizzing all over her in the video, instead of asking her, how does your system perform in a 4 sigma event??? What would be your loss when the SPX drops 20% in 3 days? They were talking about her like she discovered the wheel. Let's make it clear: 1. Selling premium is nothing new. 2. Selling premium is not really trading. It is being in the insurance business. So calling her a super trader is an incredible stretch, and those 2 "experts" should have made clear the dangers of such strategy. But I guess they had to promote someone interesting/successful..... Now to give her credit, they are probably very good at managing the positions and they don't take a full one, only when there is a big market move. I think one fund being completely for charity is a bit fishy. It is either some kind of tax write off or helping to bring in clients...
There is nothing fake about her returns .. Tom is already a multi millionaire and has better ways to make money than coming up with a fake trader who could easily be exposed by someone that knows her if she is fake . The reason why everyone can't do what she does is CAPITAL .. You need millions to really get into selling far out the money options and make meaningful money . Most People just buy calls or puts because they are looking for lottery type returns . She, on the other hand makes a steady predictable return .
Well, then, proving she is legit should be just as easy. Why are no details provided about her? What's the purpose of the video?
I like her, she is down to earth, not full of her self like other option sellers who eventually blow up due to big egos eg Niederhoffer. I doubt she will have problems managing her risk properly when volatility goes crazy.