Google site search Follow readtheticker on LindedIn YouTube StockTwits FaceBook Follow readtheticker on Twitter
Blog ReLoad |Titles List |Media Only |Media Titles List |RSS RSS |ATOM Atom |FEEDBURNER FeedBurner|Email Delivery |Mobile
Created on: 6/4/2012 11:19:14 PM GMT   Last Update: 6/9/2012 10:52:36 PM GMT Posted by: RTT
WARNING: This entry is 836 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.

1 POST Wyckoff, Super Trader Karen (1998)


wyckoff-super-trader-karenSuper retail trader Karen turned $100k into $41 million in profits in 5 years. Listen to how she did it.UPDATE1

Points
- Keep it Simple
- Know the big picture
- Watch price and volume, very critical
- Bollinger bands (x2 Standard Deviations)
- Short option premium (selling calls and puts, very risky as has open loss)
- Trade of theta
- Less or no technicals studies
- Does not trade stocks, options only
- Due to such a large account options on only: NASDAQ 100, SP500, Russel 2000
- Non directional plays
- Trading and investing is like learning a craft a education, trading is very difficult
- Stocks are too difficult to pick for the retail investor, unknown news and fundamentals can sink you
- Therefore does not trade stocks (only Indexes), wishes to avoid the 'Earnings Season' risk
- Low drawdowns
- Has a single and simple strategy (one trick to beat the market) which is Wide Index Strangles
- Shorting premium (option writing)

From TastyTrade 24 minutes of magic


COMMENTS: Well done Karen!

NOTE: The video is the only knowledge RTT (readtheticker.com) has of Karen, we have no idea is Karen knows if RTT exists.

To short option premium you need price to stay away from your strike price. Price and volume is important to Karen. Karen doesnt mention the Wyckoff word, but anyone who watches price and volume for reversal action (accumulation or distribution patterns) will become a Wyckoff fan. Wyckoff patterns that would support her approach would be: Selling Climax, Buying Climax, Springs, Tests.

When Karen says she as been tested (Flash Crash), could this success story be different. Maybe or maybe not that would depend on money management.

Karen could not pick direction, this blog suggest she quickly becomes a RTT Plus member to master stock market direction with RTT Market Timer. Our Hurst cycles would also help to pick the next zone for accumulation or distribution to short premium. Please review Wyckoff 2.0 theory.

For example RTTTrendStatus (circle areas) great places to short premium

Click for popup. Clear your browser cache if image is not showing.
SPY

After a few strange emails.. more information.

When you write a put (short put option premium), you wish for the premium to be over valued. A premium is over values when the VIX is high and this is usually associated with price forming a bottom during a pullback. Therefore to get the best bang for your buck writing put options, you wish to pick bottoms in a up trend.

RTT Plus cover RTT Market Timer. See if you can find the bottom picked by our mechanical timer.

Timer





NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

...“It is impossible here to give an adequate idea of the Law of Vibration as I apply it to the markets. However, the lay man may be able to grasp some of the principles when I state that the Law of Vibration is the fundamental law upon which wireless telegraphy, wireless telephones and phonographs are based”...

William D Gann


.."The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market."..

George Soros




         >> Print or PopOut or Pdf
         >> Go Back

We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund



Search Blog for Text:
Search Blog for Ticker Symbol:

Or 'Click Me' to search this site with Google
Debt limit 101 !
QE addiction
Do you believe me!!

Pages
1. Tips, Tricks, How Toos
2. Blog Performance Review
3. List of the best blog posts

MostRecent
Market Call, Upper channel correction imminent - Update
Stocks and Gold next play
Ganns financial table still working
Silver narrow spread on solid volume
Would you buy this stock?

Economic(77)
Jokes(17)
Market Review(58)
Ticker Review(26)
Wall Street(18)
Gann Wyckoff Hurst(71)
Alpha Search(9)
Metals and Forex(87)
Bonds(16)
Newsletter Review(1)
News(3)
Investors(101)
Cycle Masters(2)
Market Calls(12)
Testimonials(8)
Swing Trade Idea(36)
Cycle Review(22)
Winners and Losers(7)
Specials(2)
Market Strategy(41)
Mystery Trader(5)
Wyckoff 2.0(14)
RTT Tools(24)
RTT ST Model(1)
Sector Watch(9)
RTT TV(12)

201409(3)
201408(7)
201407(8)
201406(9)
201405(7)
201404(8)
201403(11)
201402(7)
201401(12)
201312(9)
201311(9)
201310(13)
201309(11)
201308(12)
201307(16)
201306(12)
201305(14)
201304(16)
201303(16)
201302(12)
201301(18)
201212(11)
201211(14)
201210(19)
201209(19)


 

RSS RSS

ATOM Atom

FEEDBURNER FeedBurner|Email Delivery

  Blog Links
Marker TalkMarkets
Marker PhilStockWorld
Marker FinancialSurvivalNetwork
Marker KimbleChartingSolutions.com
Marker iTulip
Marker SlopeOfHope
Marker dshort.com
Marker IndexIndicators.com
Marker Safehaven.com
Marker Marketoracle.co.uk
Marker KingWorldNews.com
Marker ZeroHedge.com
Marker MaxKeiser.com
Marker Bespokeinvest.com
Marker Jugglingdynamite.com
Marker Bloomberg.com
Marker MarcFaberchannel
Marker SeasonalCharts.com
Marker McverryReport.com
Marker SmartMoneyTracker
Marker Calafia Beach Pundit
Marker BusinessInsider.com
Marker YahooTechTicker
Marker JoeFahmy
Marker Trader MC
Marker ForexLive
Marker Tim Duy Fed Watch
Marker StreetTalkLive
  Symbols used in blog
AAPL AORD AUDJPY AUY BAC BANK CAT CRB CRUDE DD DIA DLTR DXY EURUSD EWA F FB FDX FXA FXE FXY GDX GE GILD GLD GLDFXY GOLD GOOG GS HL HSI HYG INDU IWM JJC JNJ MCD MCYC MMI MSYCYC NEM NYSE PBS PCLN QQQ RGLD SBUX SLV SO SOX SPY TBT TLT TM TNX TRAN TYX USO UUP XAU XLF XLU XLV XLY XOM YHOO


Follow readtheticker on LindedIn

Seeking Alpha Certified

Add to SocialTrade

StockTwits

Follow readtheticker on FaceBook









Home | Charts & Tutorials | Market Timing | Blog | RTT Tv | Services | General Information | Contact Us | Sign Up | Logon
Indicator Library | FAQ | Site Search | Symbols Available | Education | Advisors | General Policy | Privacy Policy | Terms Of Use | About Us
Tutorials | Charts Demo | Charts Members | Charts Secured | Calendar | World Time .
Public Disclaimer