No need rc...no redirection to services or site or name of C2 account. This is simply an ongoing study of perhaps my attainment of some rather lofty goals...and how that might translate into future money management opportunities. No solicitations at present or likely needed once chronicled...but thx for your astute concern. As always it is much needed. gA
a lot of quants set up small funds to start and see how it evovles they are "incubator funds" and let you get some experience and proven results;
Some recent plays that show how covered calls coupled with accurate market direction analysis can produce a 20-25% outperformance versus the Nasdaq in EACH year. Past exponential gains were preserved with 26-Jul-2007 "Stop Losses" call that cashed us out of long positions. Accurate re-entry with August 29th "confirm" and September 18th huge day of accumulation leave us ready and set to capitalize our usual 30-50% ramp in the next 3-4 months. You've seen the risk-averse charts and the stress level is comparably quite low for a fund that moves well past the others in just 3-5 years. gA aka Paysense Meanwhile most people see the results as modest at best. What would you expect when everywhere you look the standard fund that invests with call options in BIDU/RIMM/AAPL/GOOG is going to go diagonally up 300% in the next six months? However, what I chronicle is a mid- to long-term jewel. If I am worth 1M...200K in five years of standard Nasdaq returns approximates about a 700% return or 1.5M - without even risking the other 0.8M of other assets. More interesting are the next 5 years where a (remember the grandma charts??) 1.5M account becomes a very respectable 11.25M. At that point your only concerns: "Will the manager continue to manage your funds?" and "Can we grow this in tax-reduced (re: offshore) accounts?" More fodder for you brain.pS
This may be useful as copied from C2 Forum. My writing again: Well lets see, I entered my Covered Call Fund (not the actual name) on Collective2.com at just about the same time as the market was topping and just before it did I took a hit with IOC that was a bit over-allocated and didn't have a "safety" stop in place = 7.5% drop. I reduced allocations to individual positions and have a stop loss target in place for all covered call positions (just in case. This lowered risk per trade can be seen in history. Well if my charts at XxxxxxxXxxxxxx.com look appealing, as they likely do since most people are underwater without much hope of recovering after the recent semi-deep correction - coupled with the fact that most appealing systems at C2 are likely to fall just after subscibing, then expect these to low-ball my soon to unfold results at Collective2. For instance, 2006 needed much patience (nearly 8 months of plodding along) before we engaged in a nice 50% ramp through into 2007. Remember, this is a late-stage bull market and some degree of caution is necessary in order that highly compounded gains over the years are not drawndown too much (read a math book). So when the usual 10-12% hit from a correction to this type of fund (no it is not a 6-month rocket ship that will only crash back to Earth) you had to add the 7.5% and an additional 3-5% (due to mine and C2 reporting error) and you have a 23% DD instead of the usual 12%. No worries though since these are indeed the lows and plenty of upside is 'baked into the cake'. You all have just not seen this, yet. Granted in 4 months you could have, however what you have seen is an improvement to my XxxxxxxXxxxxxx.com funds. I've always just stayed in cash until the market shows a bottom then I leverage my funds with covered calls to the hefty tune (very safe way to play, mind you.) Well what you have seen is a current 35% ramp off the DD low - most of which occurred during the correction! My fund is now 5% in the positive and I expect the next 3-4 months to provide an additional engaging 40-50% runup. What sets me apart from the rest? These hefty gains are accomplished year-in and year-out and risk of much loss to these gains is quite low. A compounded 65% annual return is nothing to balk at - especially if you are ensured this can be done for life. Why wait to get in when you can get in now? Use a reverse mentality - don't be attracted to 100% ramp-ups in the first six months when 99-out-of-100 are going to fail miserably, shortly thereafter. Go for the system that is right on track to benefit you in the long run - even if you see no real progress in the first 4 months. Simply compare the drop these past few months to my XxxxxxxXxxxxxx Funds with my C2 Fund...and believe the ensuing 50% ramp will indeed occur. Gilbert
Basically what we have is a typical late-stage bull market. Quite incredible isn't it? I mean when a person like StockTrdr makes statements as such over and over and develops a following...lol... Looking at YTD charts of DJIA/SPX/Nasdaq/RUT/MID/SML/Soxx and well you paint an amazing picture of what may be finally getting to a late-stage bull market (re: weariness = correction >10%, perhaps bear market) I mean 2 shortlived corrections thus far in 2007 and the Fed-saved drop recently that wasn't allowed to run its "normal" coarse with their oh-so-timely intervention just when we could've gone down another quick 10%!! So we once again move powerfully off the bottom - but did we? I mean how long can AAPL, RIMM, BIDU and AMZN (re: QQQ) hold the market (see symbols above) up? Most all indexes are taking a heavy hit...and well now for the first time in '07: BIDU off 5%, RIMM off 4%, AMZN off 17%, AAPL off 2.5% are seeing some losses. We shall see what happens...but 2008 is an election year!?! Economic fundamentals do seem ripe for a decent retracement but, let the market be your guide going forward Gilbert aka paysense
Well my bets are placed. As of right now, buyers will need to once again save the day - or the Fed. Could once again be an ugly close so I place a WOTM bearish call spreads in FXI and QQQ as well as bought some NOV 52p in the QQQ. Most indexes (QQQ aside) are already in Feb decline state. The market NEEDS a strong correction to wash out all the pozers and so strong stocks can confidently move back into the forefront. IF we do close deep south, Fed will (likely) need to move pre-meeting with a rate cut or this market (NOT QQQ) will be in standard 10-20% decline. Just my humble opinion. Gilbert
Kingdom Capital Covered Call Fund System started 5/30/2007 (21 weeks ago) Trades 247 Profitable 105 Losses 142 Win % 42.5% Cumu $ ($13,434) after typical commission ($27,637)
Not saying my Fund is a flash 50-100% right out the gate. Not even saying my fund isn't down after almost 5 months. What I am saying is capital is preserved and AVERAGE annual gains will/does exceed 50%. Grand you say? You are RIGHT Take a look... C2 fund is almost exact to my web-based busines fund when overlayed from June 1 to present. ALSO NOTE my win percentage is much higher than reported as winning spread trades at C2 are counted as one win and one loss. Commissions seem a bit out-of-whack too, as many systems have much less commish with equal amount of trades. Also note that by simply gambling I can (attempt) to vault this fund - for example magnifying my recent successful overnight spread trade in AAPL based on earnings by say 10?? Instead a a few percent I'd jump 15% and look good to the amateurs. Anyway, this is a REAL FUND with REAL GOALS that are REALLY ON TRACK (although this isn't easy and current market does frustrate). Gilbert aka PAYSENSE Please note, the first chart was update as of last Friday and second chart as of yesterday's close or 0ff $8,500 now currently ~$15,000.
Yes, we have an update: Institutional favorites finally breakdown. Yesterday's move to "Caution" from September 18, 2007 "Green Light" call (from 26-Jul-2007 "Stop Losses" call) OUT of Covered Call or long stock and call positions may turn quickly to "Stop Losses" as no doubt this patient trader sees us finally getting a REAL correction. Some snapshots of how we hung out and may move forward now: You ask me why and how I make these calls? Volume baby...just following the big boys. Hey Atticus, et al those spread trades work great and thanks to some self-taught trading lessons will I now shine? In time, Gilbert. Paysense
Ok. Here yugo. Wondering what paysense has been doing with all his lofty assertions throughout all this market turmoil? Well he doesn't take too much guff from the "so-called" elitist. Not much you can say once success plays itself out and short-termers get pummeled (lol). NOT TO MENTION (interestingly) NOT 1 poster has presented what would be in keeping with a competition to these asserted goals (i.e. naming a fund track record), very exciting indeed! My web-based services continue to track per the usual. After all I been managing what I term as "the best performing fund on the planet" for umpteen years. No I am not a dummy and don't make absurd expressions that don't stand the test of time, and despite all the arguments against - not one has presented any real credibility toward saying it isn't so: (a) Covered calls can't do what I say - and of course there must a better-working trading method. (b) Money has to be made on the long and short sides of the market or "slippery money" will vacate. (c) The big bull gains dictate that a much larger near-term performance is expected. (d) real-time statistics just aren't measuring up to stated past performance at web-site via Collective2.com. So what do I know? I know that if a low-beta equity curve AND contained drawdown that can produce an AVERAGE 50%+ annual return will have unlimited business and gains that literally won't need it. So how have we done. First off what I've been doing since the early part of the century/decade as stated at my website is ENTIRELY real. Second results that are produced are entirely dictated by what the market throws at you (at least for my long-only funds at my site) - hence late-stage bull markets will spend more time treading water (minimizing losses from HUGE past exponential gains - which OF COURSE makes or breaks ALL mid- to long-term fund performers) as frothy (albeit short-lived) gains - such as seen in 2007 - will be lost in a heartbeat and my fund management dictates that not much gains (despite the need that many had to continuously point this out these past 6 or so months) are made during such periods. WHAT DO I KNOW - well pretty much what has just transpired and what VERY LIKELY will continue - namely vehement moves to the downside washing out the less-fortunate players. OK I do make gains (if given a few months lol) at my C2 account WHICH DOES utilize my highly-accurate Market Direction calls (called near-exact top 26-Jul-2007, near-exact bottom with the 29-Aug-2007 follow-through and now the recent 08-Nov-2007 top call as we again cashed out of all long positions). In all fairness - although having moved into some new long positions we actually waited until 18-Sept-2007 to issue our "Green Light" call. So you see this is ALL routine and vastly powerful for my fund management - which has capitalized with (on more than one occasion recently) about 25% in gains - once long positions were drawn down - during market downtrends. This effective addition to my already heady average annual return - already using conservative techniques - WILL blast my average up to about 75%+ per year. So as things unfold try to pay attention (pay sense) to what ACTUALLY should be an account managers goals and dreams - AND what to look for when you analyze to see that I actually continue to meet these goals. PLUS am and have ALWAYS been entirely transparent and honest with results/assertions ALL THESE YEARS. It is just a matter of a short while more when interested parties will be compelled to join forces. -ok let's see if i can finish this rah-rah post before lunch and the 2nd half of the Michigan-Ohio State game- In all fairness these first two graphics are a strictly long-only (covered call) fund that as stated above will not gain much traction in a 2007 late-stage bull market - yet knows when to cash out - and does produce the long-term results (see 8 yr. performance below). And this is my 5.5 month C2 Fund finally gaining traction that I expect - with or without a recession - to be +50% within 6 more months. Below is versus the Nasdaq, which OVER TIME is the only comparable metric. Once we get through the froth and the deep correction "fanciful" gains will stack on top of this (albeit hypothetical) representation of what compounding these 20k funds (started each year at my training site - "the world's only LIVE covered call fund that happen to beat ALL funds that I've seen) with a $200,000 account that compounds over the years with no added funds. OK and yes, during this seemingly long but actually quite short timeframe of 6-9 months, sit back and watch the hopeful participants begin to line up! After all what markets can throw at you IS ENTIRELY the gist as most newbies (albeit successful 2-5 year traders) as WE CONTINUE to see unfold as the weeks progress. "What's in your wallet?" The hope of taking 1/10 your net worth and making your money work HARDER for you with very comfortable risk so that it equals your net worth in less than years you can count on our hands. The real value is where that can grow in just 5 more years. Can you say tens of millions of dollars? The downside is contained, too. Stay posted!! Just keeping a more exhaustive track record since I will be moving into newer successes in the next couple of years. Paysense