Option trader makes $105mm profit and loss account
She did generate profits. She "timed" the realization of profits and losses to guarantee that she gets her fees. We learned we could just rip people off and not make any money at all.
As is the case for most "investment gurus" online. You have to discover it yourself. It's true for everyday successful traders, as well. I'm 7 month trader much to learn but I like when price get near bolinger bands gives me better direction and look at 4hr,1hr,5min,1min with 8 t line,with moving averages. SEC accused her of defrauding her investors: Not such a Supertrader after all. Carrying the loses so she carry on collecting her incentive.
I did the company a favor by taking the manager job interim basis against my desires and quit 8 months later the option trader makes $105mm profit and loss account job of branch manager to help the company. Later I was the physically assaulted by the "then newest" branch manager and had to go to the emergence room.
After terminated for no reasonable cause, arbitrators expunged the three charges with little details, because they had no option trader makes $105mm profit and loss account. I had a perfect U4 document on file option trader makes $105mm profit and loss account not one complaint before this, for 33 years. All charges were erased and the arbitrators added the following quote "because of the defamatory language used by my BD firm.
I had to have my very vague counter charge. I went on disability for many reasons, and also won my Workers Comp case, which my employer said I didn't deserve in the beginning.
Eventually common sense prevailed, but I still never received any money for my charges including the loss of my business. Would love to listen to someone who loss a lot of money. Can you do that because its a bit strange to listen to all these success without failure. Sometimes when things are too good to be true its sometimes is not true. So please upload something that you know who loss a lot of money. Im very curious what they will say. Karen Burton method of trading was not bad, but as always involves risks.
Where she got in trouble was hiding her losses by rolling them of to the next month and by doing that was able to collect her trading fees. What she was running was ponzi scheme.
I bet she wishes that she just stuck with managing her own money. She's got a very strong trading system and manages risk well. It's only when she got into managing other option trader makes $105mm profit and loss account money that she became greedy. I'd be curious to see if her short options actually went In The Money during the "market crash" in August ' Obviously when that happened, she had to stay mechanical and roll down and out her Puts, and on paper, that would be taking a loss.
Her whole strategy is based on this. But based on the fact that the market rebounded so quickly, she would have never been at risk of losing the trade at expiration.
I would love to see the data on this. At 1st i was gonna say I didn't learn anything from this but I actually did. Watch the 1 hour interview here - http: This is her story, as told by Karen herself with Tom Sosnoff on tastytrade.
We've become aware that she and her firm are currently under SEC investigation for her accounting and reporting practices. Karen is not affiliated with tastytrade in any way other than as a prior guest on our program, last appearing on the network in We at tastytrade believe in full and transparent disclosure by money managers and we continue to advocate on behalf of the retail trading community.
Hosted by Tom Sosnoff and Tony Battista tastytrade is a real financial network with 8 hours of live programming five days a week during market hours. Tune in and learn how to trade options successfully and make the most of your investments!
Tim Sykes Trading Challenge Review: How to start with option trading. Youngest option trader talks stock market volatility and probability with Tom Sosnoff on tastytrade.