Super Trader Karen
Super retail trader Karen turned $100k into $41 million in profits in 5 years. Listen to how she did it.
- 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 technical 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, 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.com 24 minutes of magic
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
.."Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start.”..
.."If past history was all there was to the game, the richest people would be librarians"..
.."If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks"..
John (Jack) Bogle
.."Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it"..
..“Because of the extreme challenge, one must commit full attention to it.” Market speculation is “no different than trying to be a successful doctor or lawyer … you simply must devote yourself full-time to the study of your craft”...
Created on: 6/16/2012 10:28:34 PM Last Update: 2/7/2013 12:04:11 AM Posted by: RTT
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