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
..."Mathematics is the only exact science. All power under heaven and on earth is given to the man who masters the simple science of mathematics."...
William D Gann
.....“I measure what's going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend.”..
..“It’s not what you own that will send you bust but what you owe.”..
..“It is much harder to sell stocks correctly than to buy them correctly.” Because of the emotional aspect of trading, if a “stock went up, the average investor would hold because he wants more gains – he’s exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even – he’s hoping against hope”..
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Nobel Laureate for Economics Paul Samuelson
Created on: 6/16/2012 10:28:34 PM Last Update: 2/7/2013 12:04:11 AM Posted by: RTT
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