Re: [SuperTraderKarenStudy] Re: Results Utilizing TTS


Oct 6, 2015

 


----------------------------

#5158 Oct 6, 2015

Congrats,

And thanks for sharing��

To: supertraderkarenstudy@yahoogroups.comFrom: supertraderkarenstudy@yahoogroups.comDate: Tue, 6 Oct 2015 13:54:01 -0400Subject: [SuperTraderKarenStudy] Results Utilizing TTS (Tyler's Trading System) [1 Attachment]

��[Attachment(s) from Lawrence Vaduva included below]

I wanted to provide an update on my results trading Tyler.smethod, which I have been doing using real money since that brutal Monday, Aug24th���� freefall.�� My account, on thatprior Friday, was valued at 168k.�� I had10 naked puts open at 1820 strike with Oct1 exp.��On the big sell off I had 8k available in buying power�� as volatilityexploded.With Tyler.s help I adjusted my positions to selling 4 putcontracts at 2035 strike and selling 4 call contracts at 1920 strike, both��at 11 and 4 days DTE, respectively.�� This instantly added around 22kto my account bringing me back to 75k buying power and increasing my accountvalue to�� 189k after commissions.Since then I have been adjusting and trading using thisnew�� approach, week to week setting mytargets on reducing my exposure to 2 put contracts and 8 call contracts max whilegenerating minimum of 0.4% per week in premium or 1k for my account per week.�� Iam attaching my trade log and will be posting my trades like Tom and Keith do,to offer any insight that may be gleaned from my experience, as we are alllearning.�� This post is done in gratitudeto Tyler for his unparalled help.��Lawrence



----------------------------

#5159 Oct 6, 2015

Thanks for providing the trade log. I'm also interested in Tyler's adjustment strategies so this helps immensely. If you're willing, please keep us up to date.

On Tue, Oct 6, 2015 at 10:54 AM Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> wrote:

.[Attachment(s) from Lawrence Vaduva included below]I wanted to provide an update on my results trading Tyler.smethod, which I have been doing using real money since that brutal Monday, Aug24th.. freefall.. My account, on thatprior Friday, was valued at 168k.. I had10 naked puts open at 1820 strike with Oct1 exp..On the big sell off I had 8k available in buying power. as volatilityexploded.With Tyler.s help I adjusted my positions to selling 4 putcontracts at 2035 strike and selling 4 call contracts at 1920 strike, both.at 11 and 4 days DTE, respectively.. This instantly added around 22kto my account bringing me back to 75k buying power and increasing my accountvalue to. 189k after commissions.Since then I have been adjusting and trading using thisnew. approach, week to week setting mytargets on reducing my exposure to 2 put contracts and 8 call contracts max whilegenerating minimum of 0.4% per week in premium or 1k for my account per week.. Iam attaching my trade log and will be posting my trades like Tom and Keith do,to offer any insight that may be gleaned from my experience, as we are alllearning.. This post is done in gratitudeto Tyler for his unparalled help..Lawrence



----------------------------

#5160 Oct 6, 2015

Congrats on my side as well and as Antonio stated thank you for sharing!

Great to see that things have been moving your way even on a new style of trading.

Best,



----------------------------

#5161 Oct 6, 2015

Thanks guys.. I will Frank.. I'll post like Tom and Keith do when I enter/exit a position.. Currently I have been able to adjust my contract size to where I want it.. I still have 2 contracts to open in call side, but since I generated what I needed for my weekly target...no use adding risk for this week.LawrenceOn Oct 6, 2015 2:04 PM, "Frank fhriley@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Thanks for providing the trade log. I'm also interested in Tyler's adjustment strategies so this helps immensely. If you're willing, please keep us up to date.

On Tue, Oct 6, 2015 at 10:54 AM Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> wrote:

.[Attachment(s) from Lawrence Vaduva included below]I wanted to provide an update on my results trading Tyler.smethod, which I have been doing using real money since that brutal Monday, Aug24th.. freefall.. My account, on thatprior Friday, was valued at 168k.. I had10 naked puts open at 1820 strike with Oct1 exp..On the big sell off I had 8k available in buying power. as volatilityexploded.With Tyler.s help I adjusted my positions to selling 4 putcontracts at 2035 strike and selling 4 call contracts at 1920 strike, both.at 11 and 4 days DTE, respectively.. This instantly added around 22kto my account bringing me back to 75k buying power and increasing my accountvalue to. 189k after commissions.Since then I have been adjusting and trading using thisnew. approach, week to week setting mytargets on reducing my exposure to 2 put contracts and 8 call contracts max whilegenerating minimum of 0.4% per week in premium or 1k for my account per week.. Iam attaching my trade log and will be posting my trades like Tom and Keith do,to offer any insight that may be gleaned from my experience, as we are alllearning.. This post is done in gratitudeto Tyler for his unparalled help..Lawrence



----------------------------

#5162 Oct 6, 2015

If anyone is interested in the real-time version of this group on skype, please feel free to join:

join.skype.com/sL8h8meRwrF6.."KST Study Group".

We have several stars from here including Tyler, Craig from TT fame, Alan (to name a few) and many others.

This is an informal gathering and anyone can stay as quiet .or start a "lecture" on our favorite topic or host a "Q&A" or just type news of the day and opinions.

About 45 of us from this group and some of us share live comments and trades.. It is quite active of late, esp. with Tyler's feedback on his system.

We could even have a good discussion between KST expert(s) and TTS there as the market is live and moving!

Just a thought to consider!

Thanks,Sanju







----------------------------

#5164 Oct 6, 2015

Yes...I ll join...when are meetings?On Oct 6, 2015 5:43 PM, "Sanju Nath sanjivendra@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.If anyone is interested in the real-time version of this group on skype, please feel free to join:

join.skype.com/sL8h8meRwrF6.."KST Study Group".

We have several stars from here including Tyler, Craig from TT fame, Alan (to name a few) and many others.

This is an informal gathering and anyone can stay as quiet .or start a "lecture" on our favorite topic or host a "Q&A" or just type news of the day and opinions.

About 45 of us from this group and some of us share live comments and trades.. It is quite active of late, esp. with Tyler's feedback on his system.

We could even have a good discussion between KST expert(s) and TTS there as the market is live and moving!

Just a thought to consider!

Thanks,Sanju



----------------------------

#5165 Oct 6, 2015

Welcome Tim.. I recommend you just search the name Tyler...and read all the posts.. I believe first posts started mid July.On Oct 6, 2015 6:00 PM, "teneyck99@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Hi,

I'm new to this group and was wondering what Tyler's trading method is?. Is there documentation on his method?

Thanks,Tim



----------------------------

#5166 Oct 6, 2015

It's a Skype room that's open 24x7 but goes quiet for the most part after trading hours, picks up activity before mkt open, continues till mkt close.

Thanks,Sanju

On Oct 6, 2015, at 5:05 PM, Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> wrote:



��Yes...I ll join...when are meetings?On Oct 6, 2015 5:43 PM, "Sanju Nath sanjivendra@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

��If anyone is interested in the real-time version of this group on skype, please feel free to join:

join.skype.com/sL8h8meRwrF6����"KST Study Group".

We have several stars from here including Tyler, Craig from TT fame, Alan (to name a few) and many others.

This is an informal gathering and anyone can stay as quiet ��or start a "lecture" on our favorite topic or host a "Q&A" or just type news of the day and opinions.

About 45 of us from this group and some of us share live comments and trades.�� It is quite active of late, esp. with Tyler's feedback on his system.

We could even have a good discussion between KST expert(s) and TTS there as the market is live and moving!

Just a thought to consider!

Thanks,Sanju



----------------------------

#5167 Oct 6, 2015

Welocme Tim.

Just for a brief introduction, quoting Lawrence reference, here attached a brief description of Tylers Trading style:

"I am typing on my phone now so errors and typos are more frequent.

I would generally say that I never take a loss, but it depends upon your definition of a loss.

Becausetime is infinite I can theoretically continue to adjust losing calloptions indefinitely.. If time stood still, I am already offered manyyears into the future expirations with weeks, months and quarterexpirations offering dozens of potential roll to dates.. And as timeunfolds new further reaching expirations appear.. Every roll, even forcalls deep in the money generates cash.. Every new out arm generatescash.

I will continue to keep my itm callsuntil they are all closed.. When I open a bunch of new weekly puts atm, Iuse the cash to buy down any itm calls.. But my overall cash positionhas increased.. Is this considered taking a loss?. I don't consider itthat way.. I see it as a win with a temporary net liquidation value thatis negative.. I increased my cash, reduced the number of itm calls, andreduced my margin risk by deleveraging.

If youdo this long enough, all of your naked itm options are gone and yourcash has grown.. With no more options to manage, all that collected cashis kept for myself.

If I roll otm calls andtake off 10% of the contracts those closed contracts were closed at aloss, but my cash increased because the credit from the 90% calls rolledplus the new puts was much higher than the cost to close the 10% calls..So is this a loss?. I see it as a win.

Irarely look at my weekly net liquidation value.. It is not reflective ofmy long term expectation.. It is just a reflection of Tempe currentstate of the options.. If I keep following the adjusting rules then anybad nlv number ultimately becomes a very positive one as the callsreverse and expire worthless or they are bought down with out premium.

Ithink of the stock market like the ocean.. It is always waving nonstop..It cannot be predicted or controlled but you can ride it.. You can puta boat on it and go along with the waves.. Ride them up and ride themdown.

I am doing that with strangles, usingtime to always collect more premium while deleveraging the side that iscurrently the scariest.. And you just keep riding the waves until youare docked where everything expires otm on a Friday or you have closedall of the itm positions with premium from other atm positions.. Thenyou start over by opening a new set and riding some more.

-Tyler"

Further research in the group shall give access to more information.

Best,



2015-10-06 19:07 GMT-03:00 Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com>:

.Welcome Tim.. I recommend you just search the name Tyler...and read all the posts.. I believe first posts started mid July.On Oct 6, 2015 6:00 PM, "teneyck99@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Hi,

I'm new to this group and was wondering what Tyler's trading method is?. Is there documentation on his method?

Thanks,Tim







----------------------------

#5168 Oct 6, 2015

Thanks for the reply Tyler. ��I would say you did quite well for typing that message on your phone. ��I can't say that I fully comprehended everything in your message but maybe a little time and thought will help.

Thanks again,Tim



----------------------------

#5169 Oct 6, 2015

Tim-

If you have time, consider joining the Skype conversation during the day.

Tim A.

On Oct 6, 2015 3:50 PM, "Giovanni Pugliese Carratelli giovax@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Welocme Tim.

Just for a brief introduction, quoting Lawrence reference, here attached a brief description of Tylers Trading style:

"I am typing on my phone now so errors and typos are more frequent.

I would generally say that I never take a loss, but it depends upon your definition of a loss.

Becausetime is infinite I can theoretically continue to adjust losing calloptions indefinitely.. If time stood still, I am already offered manyyears into the future expirations with weeks, months and quarterexpirations offering dozens of potential roll to dates.. And as timeunfolds new further reaching expirations appear.. Every roll, even forcalls deep in the money generates cash.. Every new out arm generatescash.

I will continue to keep my itm callsuntil they are all closed.. When I open a bunch of new weekly puts atm, Iuse the cash to buy down any itm calls.. But my overall cash positionhas increased.. Is this considered taking a loss?. I don't consider itthat way.. I see it as a win with a temporary net liquidation value thatis negative.. I increased my cash, reduced the number of itm calls, andreduced my margin risk by deleveraging.

If youdo this long enough, all of your naked itm options are gone and yourcash has grown.. With no more options to manage, all that collected cashis kept for myself.

If I roll otm calls andtake off 10% of the contracts those closed contracts were closed at aloss, but my cash increased because the credit from the 90% calls rolledplus the new puts was much higher than the cost to close the 10% calls..So is this a loss?. I see it as a win.

Irarely look at my weekly net liquidation value.. It is not reflective ofmy long term expectation.. It is just a reflection of Tempe currentstate of the options.. If I keep following the adjusting rules then anybad nlv number ultimately becomes a very positive one as the callsreverse and expire worthless or they are bought down with out premium.

Ithink of the stock market like the ocean.. It is always waving nonstop..It cannot be predicted or controlled but you can ride it.. You can puta boat on it and go along with the waves.. Ride them up and ride themdown.

I am doing that with strangles, usingtime to always collect more premium while deleveraging the side that iscurrently the scariest.. And you just keep riding the waves until youare docked where everything expires otm on a Friday or you have closedall of the itm positions with premium from other atm positions.. Thenyou start over by opening a new set and riding some more.

-Tyler"

Further research in the group shall give access to more information.

Best,



2015-10-06 19:07 GMT-03:00 Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com>:

.Welcome Tim.. I recommend you just search the name Tyler...and read all the posts.. I believe first posts started mid July.On Oct 6, 2015 6:00 PM, "teneyck99@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Hi,

I'm new to this group and was wondering what Tyler's trading method is?. Is there documentation on his method?

Thanks,Tim



----------------------------

#5171 Oct 6, 2015

.2 trades today. I'm inverted on my calls and puts.. Opened puts where my ITM calls are and opened calls where my ITM puts are.. This way I plan on generating additional income on positions I'm already in.

STO SPX Oct wk 2 1930 Puts @ 1.85 (3 contracts)

STO SPX Oct wk 2 2025 Calls @ .35 (2 contracts)

Lawrence

On Oct 6, 2015 7:25 PM, "Tim Adams tadams101@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Tim-

If you have time, consider joining the Skype conversation during the day.

Tim A.

On Oct 6, 2015 3:50 PM, "Giovanni Pugliese Carratelli giovax@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Welocme Tim.

Just for a brief introduction, quoting Lawrence reference, here attached a brief description of Tylers Trading style:

"I am typing on my phone now so errors and typos are more frequent.

I would generally say that I never take a loss, but it depends upon your definition of a loss.

Becausetime is infinite I can theoretically continue to adjust losing calloptions indefinitely.. If time stood still, I am already offered manyyears into the future expirations with weeks, months and quarterexpirations offering dozens of potential roll to dates.. And as timeunfolds new further reaching expirations appear.. Every roll, even forcalls deep in the money generates cash.. Every new out arm generatescash.

I will continue to keep my itm callsuntil they are all closed.. When I open a bunch of new weekly puts atm, Iuse the cash to buy down any itm calls.. But my overall cash positionhas increased.. Is this considered taking a loss?. I don't consider itthat way.. I see it as a win with a temporary net liquidation value thatis negative.. I increased my cash, reduced the number of itm calls, andreduced my margin risk by deleveraging.

If youdo this long enough, all of your naked itm options are gone and yourcash has grown.. With no more options to manage, all that collected cashis kept for myself.

If I roll otm calls andtake off 10% of the contracts those closed contracts were closed at aloss, but my cash increased because the credit from the 90% calls rolledplus the new puts was much higher than the cost to close the 10% calls..So is this a loss?. I see it as a win.

Irarely look at my weekly net liquidation value.. It is not reflective ofmy long term expectation.. It is just a reflection of Tempe currentstate of the options.. If I keep following the adjusting rules then anybad nlv number ultimately becomes a very positive one as the callsreverse and expire worthless or they are bought down with out premium.

Ithink of the stock market like the ocean.. It is always waving nonstop..It cannot be predicted or controlled but you can ride it.. You can puta boat on it and go along with the waves.. Ride them up and ride themdown.

I am doing that with strangles, usingtime to always collect more premium while deleveraging the side that iscurrently the scariest.. And you just keep riding the waves until youare docked where everything expires otm on a Friday or you have closedall of the itm positions with premium from other atm positions.. Thenyou start over by opening a new set and riding some more.

-Tyler"

Further research in the group shall give access to more information.

Best,



2015-10-06 19:07 GMT-03:00 Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com>:

.Welcome Tim.. I recommend you just search the name Tyler...and read all the posts.. I believe first posts started mid July.On Oct 6, 2015 6:00 PM, "teneyck99@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Hi,

I'm new to this group and was wondering what Tyler's trading method is?. Is there documentation on his method?

Thanks,Tim







----------------------------

#5173 Oct 6, 2015

I can't read the attachment but it's probably me

Keith



----------------------------

#5174 Oct 6, 2015

Lawence - thanks for positing.

I would like to make sure that I understand your current total SPX position - trying to reconcile your spreadsheet and your trades from today. Can you confirm the following:

Oct2 2025 puts - 4 contractsOct2 2025 calls - 2 contractsOct2 1920 calls - 3 contractsOct2 1930 calls - 3 contractsOct 2 1930 puts - 3 contracts

Thanks.

To: supertraderkarenstudy@yahoogroups.comFrom: supertraderkarenstudy@yahoogroups.comDate: Tue, 6 Oct 2015 19:38:22 -0400Subject: Re: [SuperTraderKarenStudy] Re: Results Utilizing TTS (Tyler's Trading System)

��

��2 trades today. I'm inverted on my calls and puts.�� Opened puts where my ITM calls are and opened calls where my ITM puts are.�� This way I plan on generating additional income on positions I'm already in.

STO SPX Oct wk 2 1930 Puts @ 1.85 (3 contracts)

STO SPX Oct wk 2 2025 Calls @ .35 (2 contracts)

Lawrence

On Oct 6, 2015 7:25 PM, "Tim Adams tadams101@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

��

Tim-

If you have time, consider joining the Skype conversation during the day.

Tim A.

On Oct 6, 2015 3:50 PM, "Giovanni Pugliese Carratelli giovax@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

��

Welocme Tim.

Just for a brief introduction, quoting Lawrence reference, here attached a brief description of Tylers Trading style:

"I am typing on my phone now so errors and typos are more frequent.

I would generally say that I never take a loss, but it depends upon your definition of a loss.

Becausetime is infinite I can theoretically continue to adjust losing calloptions indefinitely.�� If time stood still, I am already offered manyyears into the future expirations with weeks, months and quarterexpirations offering dozens of potential roll to dates.�� And as timeunfolds new further reaching expirations appear.�� Every roll, even forcalls deep in the money generates cash.�� Every new out arm generatescash.

I will continue to keep my itm callsuntil they are all closed.�� When I open a bunch of new weekly puts atm, Iuse the cash to buy down any itm calls.�� But my overall cash positionhas increased.�� Is this considered taking a loss?�� I don't consider itthat way.�� I see it as a win with a temporary net liquidation value thatis negative.�� I increased my cash, reduced the number of itm calls, andreduced my margin risk by deleveraging.

If youdo this long enough, all of your naked itm options are gone and yourcash has grown.�� With no more options to manage, all that collected cashis kept for myself.

If I roll otm calls andtake off 10% of the contracts those closed contracts were closed at aloss, but my cash increased because the credit from the 90% calls rolledplus the new puts was much higher than the cost to close the 10% calls.��So is this a loss?�� I see it as a win.

Irarely look at my weekly net liquidation value.�� It is not reflective ofmy long term expectation.�� It is just a reflection of Tempe currentstate of the options.�� If I keep following the adjusting rules then anybad nlv number ultimately becomes a very positive one as the callsreverse and expire worthless or they are bought down with out premium.

Ithink of the stock market like the ocean.�� It is always waving nonstop.��It cannot be predicted or controlled but you can ride it.�� You can puta boat on it and go along with the waves.�� Ride them up and ride themdown.

I am doing that with strangles, usingtime to always collect more premium while deleveraging the side that iscurrently the scariest.�� And you just keep riding the waves until youare docked where everything expires otm on a Friday or you have closedall of the itm positions with premium from other atm positions.�� Thenyou start over by opening a new set and riding some more.

-Tyler"

Further research in the group shall give access to more information.

Best,



2015-10-06 19:07 GMT-03:00 Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com>:

��

Welcome Tim.�� I recommend you just search the name Tyler...and read all the posts.�� I believe first posts started mid July.On Oct 6, 2015 6:00 PM, "teneyck99@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

��Hi,

I'm new to this group and was wondering what Tyler's trading method is?�� Is there documentation on his method?

Thanks,Tim



----------------------------

#5175 Oct 6, 2015

Lawrence ... Great job ... How much did it cost you to buy the original puts back ? You were inverted ... Were you initially worried that you could have losses on both the puts and calls or was margin the main concern ?ThanksVictor��

From: "Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> To: supertraderkarenstudy@yahoogroups.com Sent: Tuesday, October 6, 2015 1:54 PM Subject: [SuperTraderKarenStudy] Results Utilizing TTS (Tyler's Trading System) [1 Attachment]

��[Attachment(s) from Lawrence Vaduva included below]I wanted to provide an update on my results trading Tyler.smethod, which I have been doing using real money since that brutal Monday, Aug24th���� freefall.�� My account, on thatprior Friday, was valued at 168k.�� I had10 naked puts open at 1820 strike with Oct1 exp.��On the big sell off I had 8k available in buying power�� as volatilityexploded.With Tyler.s help I adjusted my positions to selling 4 putcontracts at 2035 strike and selling 4 call contracts at 1920 strike, both��at 11 and 4 days DTE, respectively.�� This instantly added around 22kto my account bringing me back to 75k buying power and increasing my accountvalue to�� 189k after commissions.Since then I have been adjusting and trading using thisnew�� approach, week to week setting mytargets on reducing my exposure to 2 put contracts and 8 call contracts max whilegenerating minimum of 0.4% per week in premium or 1k for my account per week.�� Iam attaching my trade log and will be posting my trades like Tom and Keith do,to offer any insight that may be gleaned from my experience, as we are alllearning.�� This post is done in gratitudeto Tyler for his unparalled help.��Lawrence







----------------------------

#5178 Oct 6, 2015

Hello Sanju,

I have tried several times to join that group, but keep running into issues.

I am currently traveling and often have marginal internet service so that may be part of the problem.�� I use Skype regularly so that is not the problem.�� I am also limited on time but will keep trying.

Tom



----------------------------

#5180 Oct 7, 2015

One correction:

Oct2 2025 puts - 2 contracts

Oct2 2025 calls - 2 contracts

Oct2 1920 calls - 3 contracts

Oct2 1930 calls - 3 contracts

Oct 2 1930 puts - 3 contractsLawrenceOn Oct 6, 2015 8:37 PM, "Alan R ajrand@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Lawence - thanks for positing.

I would like to make sure that I understand your current total SPX position - trying to reconcile your spreadsheet and your trades from today. Can you confirm the following:

Oct2 2025 puts - 4 contractsOct2 2025 calls - 2 contractsOct2 1920 calls - 3 contractsOct2 1930 calls - 3 contractsOct 2 1930 puts - 3 contracts

Thanks.

To: supertraderkarenstudy@yahoogroups.comFrom: supertraderkarenstudy@yahoogroups.comDate: Tue, 6 Oct 2015 19:38:22 -0400Subject: Re: [SuperTraderKarenStudy] Re: Results Utilizing TTS (Tyler's Trading System)

.

.2 trades today. I'm inverted on my calls and puts.. Opened puts where my ITM calls are and opened calls where my ITM puts are.. This way I plan on generating additional income on positions I'm already in.

STO SPX Oct wk 2 1930 Puts @ 1.85 (3 contracts)

STO SPX Oct wk 2 2025 Calls @ .35 (2 contracts)

Lawrence

On Oct 6, 2015 7:25 PM, "Tim Adams tadams101@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.

Tim-

If you have time, consider joining the Skype conversation during the day.

Tim A.

On Oct 6, 2015 3:50 PM, "Giovanni Pugliese Carratelli giovax@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.

Welocme Tim.

Just for a brief introduction, quoting Lawrence reference, here attached a brief description of Tylers Trading style:

"I am typing on my phone now so errors and typos are more frequent.

I would generally say that I never take a loss, but it depends upon your definition of a loss.

Becausetime is infinite I can theoretically continue to adjust losing calloptions indefinitely.. If time stood still, I am already offered manyyears into the future expirations with weeks, months and quarterexpirations offering dozens of potential roll to dates.. And as timeunfolds new further reaching expirations appear.. Every roll, even forcalls deep in the money generates cash.. Every new out arm generatescash.

I will continue to keep my itm callsuntil they are all closed.. When I open a bunch of new weekly puts atm, Iuse the cash to buy down any itm calls.. But my overall cash positionhas increased.. Is this considered taking a loss?. I don't consider itthat way.. I see it as a win with a temporary net liquidation value thatis negative.. I increased my cash, reduced the number of itm calls, andreduced my margin risk by deleveraging.

If youdo this long enough, all of your naked itm options are gone and yourcash has grown.. With no more options to manage, all that collected cashis kept for myself.

If I roll otm calls andtake off 10% of the contracts those closed contracts were closed at aloss, but my cash increased because the credit from the 90% calls rolledplus the new puts was much higher than the cost to close the 10% calls..So is this a loss?. I see it as a win.

Irarely look at my weekly net liquidation value.. It is not reflective ofmy long term expectation.. It is just a reflection of Tempe currentstate of the options.. If I keep following the adjusting rules then anybad nlv number ultimately becomes a very positive one as the callsreverse and expire worthless or they are bought down with out premium.

Ithink of the stock market like the ocean.. It is always waving nonstop..It cannot be predicted or controlled but you can ride it.. You can puta boat on it and go along with the waves.. Ride them up and ride themdown.

I am doing that with strangles, usingtime to always collect more premium while deleveraging the side that iscurrently the scariest.. And you just keep riding the waves until youare docked where everything expires otm on a Friday or you have closedall of the itm positions with premium from other atm positions.. Thenyou start over by opening a new set and riding some more.

-Tyler"

Further research in the group shall give access to more information.

Best,



2015-10-06 19:07 GMT-03:00 Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com>:

.

Welcome Tim.. I recommend you just search the name Tyler...and read all the posts.. I believe first posts started mid July.On Oct 6, 2015 6:00 PM, "teneyck99@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Hi,

I'm new to this group and was wondering what Tyler's trading method is?. Is there documentation on his method?

Thanks,Tim



----------------------------

#5181 Oct 7, 2015

I have been inverted the whole time.. All my costs and profits are in the attachment..LawrenceOn Oct 6, 2015 10:35 PM, "Vic Ferrari vico213@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.

Lawrence ... Great job ... How much did it cost you to buy the original puts back ? You were inverted ... Were you initially worried that you could have losses on both the puts and calls or was margin the main concern ?ThanksVictor.

From: "Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> To: supertraderkarenstudy@yahoogroups.com Sent: Tuesday, October 6, 2015 1:54 PM Subject: [SuperTraderKarenStudy] Results Utilizing TTS (Tyler's Trading System) [1 Attachment]

.[Attachment(s) from Lawrence Vaduva included below]I wanted to provide an update on my results trading Tyler.smethod, which I have been doing using real money since that brutal Monday, Aug24th.. freefall.. My account, on thatprior Friday, was valued at 168k.. I had10 naked puts open at 1820 strike with Oct1 exp..On the big sell off I had 8k available in buying power. as volatilityexploded.With Tyler.s help I adjusted my positions to selling 4 putcontracts at 2035 strike and selling 4 call contracts at 1920 strike, both.at 11 and 4 days DTE, respectively.. This instantly added around 22kto my account bringing me back to 75k buying power and increasing my accountvalue to. 189k after commissions.Since then I have been adjusting and trading using thisnew. approach, week to week setting mytargets on reducing my exposure to 2 put contracts and 8 call contracts max whilegenerating minimum of 0.4% per week in premium or 1k for my account per week.. Iam attaching my trade log and will be posting my trades like Tom and Keith do,to offer any insight that may be gleaned from my experience, as we are alllearning.. This post is done in gratitudeto Tyler for his unparalled help..Lawrence







----------------------------

#5182 Oct 7, 2015

Hello Eric....let me try to answer at the end of your questions.. I don't have color font on phone so bear with me....Hi Lawrence,

Thank you for your very informative post. I have been reading Tyler's post over a few times in the past but could not fully understand how he was adjusting. You obviously understands it better than i do.

Some questions though. Looking at your trades..

1. Your original position was 1820 Puts. You adjusted by STO 1920C & 2035P. So what happened to the original 1820P? Were they closed out (rolled) to those new positions?The original we closed out with all the credit received by opening the new positions.

2. STO the 1920C because they were ATM as per Tyler. But why 2035 strike for the Puts? Was it purely for the credit you needed to receive or were there other considerations like probability & deltas?

Purely for credit

3. As Victor asked. You essentially went inverted. So what happens if the mkt went the other way? Yes your original problem Puts will be ok now but your ATM calls will become the new trouble will it not?

If market stays within range, I keep collecting premium....when market goes out of range one side of the inverted expires worthless.. As I collect premium I buy to close the deepest in the money side reducing as many contracts as possible while maintaining a .4% return for the week.. My target is 4k per month.Wouldn't it then be managing one problem side after another? How will the entire position be exited safely?.The entire position is exited safely by reducing contracts as you collect premium..and still maintaining target weekly premium.LawrenceOn Oct 7, 2015 12:43 AM, "sunzisea@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Hi Lawrence,

Thank you for your very informative post. I have been reading Tyler's post over a few times in the past but could not fully understand how he was adjusting. You obviously understands it better than i do.

Some questions though. Looking at your trades..

1. Your original position was 1820 Puts. You adjusted by STO 1920C & 2035P. So what happened to the original 1820P? Were they closed out (rolled) to those new positions?

2. STO the 1920C because they were ATM as per Tyler. But why 2035 strike for the Puts? Was it purely for the credit you needed to receive or were there other considerations like probability & deltas?

3. As Victor asked. You essentially went inverted. So what happens if the mkt went the other way? Yes your original problem Puts will be ok now but your ATM calls will become the new trouble will it not?

Wouldn't it then be managing one problem side after another? How will the entire position be exited safely?.

I hope you can provide some insights into this question. Thank you again for sharing your trades.

Best.

Eric S



----------------------------

#5184 Oct 7, 2015

Lawrence,

Thanks for the clarification/update.

I am going to live vicariously thru you over the next three days to watch your rolls. Based on my style of trading I do not have much experience rolling deep in the money SPX options. I have done only a few rolls, which were not fun from my perspective. I found the spreads ridiculously wide and it took time to get the roll executed - I was using limit orders not market orders on the SPX.

Based on Wednesday's market action looks like you will need to roll the following short positions:

Oct2 1920 callsOct2 1930 callsOct2 2025 puts

Do you have any plans yet - I assume that you will roll either Wed or Thurs and not wait until Friday?

Thanks again.

To: supertraderkarenstudy@yahoogroups.comFrom: supertraderkarenstudy@yahoogroups.comDate: Wed, 7 Oct 2015 07:01:55 -0400Subject: RE: [SuperTraderKarenStudy] Re: Results Utilizing TTS (Tyler's Trading System)

��

One correction:

Oct2 2025 puts - 2 contracts

Oct2 2025 calls - 2 contracts

Oct2 1920 calls - 3 contracts

Oct2 1930 calls - 3 contracts

Oct 2 1930 puts - 3 contractsLawrenceOn Oct 6, 2015 8:37 PM, "Alan R ajrand@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

��Lawence - thanks for positing.

I would like to make sure that I understand your current total SPX position - trying to reconcile your spreadsheet and your trades from today. Can you confirm the following:

Oct2 2025 puts - 4 contractsOct2 2025 calls - 2 contractsOct2 1920 calls - 3 contractsOct2 1930 calls - 3 contractsOct 2 1930 puts - 3 contracts

Thanks.

To: supertraderkarenstudy@yahoogroups.comFrom: supertraderkarenstudy@yahoogroups.comDate: Tue, 6 Oct 2015 19:38:22 -0400Subject: Re: [SuperTraderKarenStudy] Re: Results Utilizing TTS (Tyler's Trading System)

��

��2 trades today. I'm inverted on my calls and puts.�� Opened puts where my ITM calls are and opened calls where my ITM puts are.�� This way I plan on generating additional income on positions I'm already in.

STO SPX Oct wk 2 1930 Puts @ 1.85 (3 contracts)

STO SPX Oct wk 2 2025 Calls @ .35 (2 contracts)

Lawrence

On Oct 6, 2015 7:25 PM, "Tim Adams tadams101@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

��

Tim-

If you have time, consider joining the Skype conversation during the day.

Tim A.

On Oct 6, 2015 3:50 PM, "Giovanni Pugliese Carratelli giovax@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

��

Welocme Tim.

Just for a brief introduction, quoting Lawrence reference, here attached a brief description of Tylers Trading style:

"I am typing on my phone now so errors and typos are more frequent.

I would generally say that I never take a loss, but it depends upon your definition of a loss.

Becausetime is infinite I can theoretically continue to adjust losing calloptions indefinitely.�� If time stood still, I am already offered manyyears into the future expirations with weeks, months and quarterexpirations offering dozens of potential roll to dates.�� And as timeunfolds new further reaching expirations appear.�� Every roll, even forcalls deep in the money generates cash.�� Every new out arm generatescash.

I will continue to keep my itm callsuntil they are all closed.�� When I open a bunch of new weekly puts atm, Iuse the cash to buy down any itm calls.�� But my overall cash positionhas increased.�� Is this considered taking a loss?�� I don't consider itthat way.�� I see it as a win with a temporary net liquidation value thatis negative.�� I increased my cash, reduced the number of itm calls, andreduced my margin risk by deleveraging.

If youdo this long enough, all of your naked itm options are gone and yourcash has grown.�� With no more options to manage, all that collected cashis kept for myself.

If I roll otm calls andtake off 10% of the contracts those closed contracts were closed at aloss, but my cash increased because the credit from the 90% calls rolledplus the new puts was much higher than the cost to close the 10% calls.��So is this a loss?�� I see it as a win.

Irarely look at my weekly net liquidation value.�� It is not reflective ofmy long term expectation.�� It is just a reflection of Tempe currentstate of the options.�� If I keep following the adjusting rules then anybad nlv number ultimately becomes a very positive one as the callsreverse and expire worthless or they are bought down with out premium.

Ithink of the stock market like the ocean.�� It is always waving nonstop.��It cannot be predicted or controlled but you can ride it.�� You can puta boat on it and go along with the waves.�� Ride them up and ride themdown.

I am doing that with strangles, usingtime to always collect more premium while deleveraging the side that iscurrently the scariest.�� And you just keep riding the waves until youare docked where everything expires otm on a Friday or you have closedall of the itm positions with premium from other atm positions.�� Thenyou start over by opening a new set and riding some more.

-Tyler"

Further research in the group shall give access to more information.

Best,



2015-10-06 19:07 GMT-03:00 Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com>:

��

Welcome Tim.�� I recommend you just search the name Tyler...and read all the posts.�� I believe first posts started mid July.On Oct 6, 2015 6:00 PM, "teneyck99@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

��Hi,

I'm new to this group and was wondering what Tyler's trading method is?�� Is there documentation on his method?

Thanks,Tim







----------------------------

#5187 Oct 7, 2015

Yes Alan, that's my plan.. I put my rolls on two minutes prior to market open Friday morning using limit order.LawrenceOn Oct 7, 2015 10:18 AM, "Alan R ajrand@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Lawrence,

Thanks for the clarification/update.

I am going to live vicariously thru you over the next three days to watch your rolls. Based on my style of trading I do not have much experience rolling deep in the money SPX options. I have done only a few rolls, which were not fun from my perspective. I found the spreads ridiculously wide and it took time to get the roll executed - I was using limit orders not market orders on the SPX.

Based on Wednesday's market action looks like you will need to roll the following short positions:

Oct2 1920 callsOct2 1930 callsOct2 2025 puts

Do you have any plans yet - I assume that you will roll either Wed or Thurs and not wait until Friday?

Thanks again.

To: supertraderkarenstudy@yahoogroups.comFrom: supertraderkarenstudy@yahoogroups.comDate: Wed, 7 Oct 2015 07:01:55 -0400Subject: RE: [SuperTraderKarenStudy] Re: Results Utilizing TTS (Tyler's Trading System)

.

One correction:

Oct2 2025 puts - 2 contracts

Oct2 2025 calls - 2 contracts

Oct2 1920 calls - 3 contracts

Oct2 1930 calls - 3 contracts

Oct 2 1930 puts - 3 contractsLawrenceOn Oct 6, 2015 8:37 PM, "Alan R ajrand@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Lawence - thanks for positing.

I would like to make sure that I understand your current total SPX position - trying to reconcile your spreadsheet and your trades from today. Can you confirm the following:

Oct2 2025 puts - 4 contractsOct2 2025 calls - 2 contractsOct2 1920 calls - 3 contractsOct2 1930 calls - 3 contractsOct 2 1930 puts - 3 contracts

Thanks.

To: supertraderkarenstudy@yahoogroups.comFrom: supertraderkarenstudy@yahoogroups.comDate: Tue, 6 Oct 2015 19:38:22 -0400Subject: Re: [SuperTraderKarenStudy] Re: Results Utilizing TTS (Tyler's Trading System)

.

.2 trades today. I'm inverted on my calls and puts.. Opened puts where my ITM calls are and opened calls where my ITM puts are.. This way I plan on generating additional income on positions I'm already in.

STO SPX Oct wk 2 1930 Puts @ 1.85 (3 contracts)

STO SPX Oct wk 2 2025 Calls @ .35 (2 contracts)

Lawrence

On Oct 6, 2015 7:25 PM, "Tim Adams tadams101@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.

Tim-

If you have time, consider joining the Skype conversation during the day.

Tim A.

On Oct 6, 2015 3:50 PM, "Giovanni Pugliese Carratelli giovax@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.

Welocme Tim.

Just for a brief introduction, quoting Lawrence reference, here attached a brief description of Tylers Trading style:

"I am typing on my phone now so errors and typos are more frequent.

I would generally say that I never take a loss, but it depends upon your definition of a loss.

Becausetime is infinite I can theoretically continue to adjust losing calloptions indefinitely.. If time stood still, I am already offered manyyears into the future expirations with weeks, months and quarterexpirations offering dozens of potential roll to dates.. And as timeunfolds new further reaching expirations appear.. Every roll, even forcalls deep in the money generates cash.. Every new out arm generatescash.

I will continue to keep my itm callsuntil they are all closed.. When I open a bunch of new weekly puts atm, Iuse the cash to buy down any itm calls.. But my overall cash positionhas increased.. Is this considered taking a loss?. I don't consider itthat way.. I see it as a win with a temporary net liquidation value thatis negative.. I increased my cash, reduced the number of itm calls, andreduced my margin risk by deleveraging.

If youdo this long enough, all of your naked itm options are gone and yourcash has grown.. With no more options to manage, all that collected cashis kept for myself.

If I roll otm calls andtake off 10% of the contracts those closed contracts were closed at aloss, but my cash increased because the credit from the 90% calls rolledplus the new puts was much higher than the cost to close the 10% calls..So is this a loss?. I see it as a win.

Irarely look at my weekly net liquidation value.. It is not reflective ofmy long term expectation.. It is just a reflection of Tempe currentstate of the options.. If I keep following the adjusting rules then anybad nlv number ultimately becomes a very positive one as the callsreverse and expire worthless or they are bought down with out premium.

Ithink of the stock market like the ocean.. It is always waving nonstop..It cannot be predicted or controlled but you can ride it.. You can puta boat on it and go along with the waves.. Ride them up and ride themdown.

I am doing that with strangles, usingtime to always collect more premium while deleveraging the side that iscurrently the scariest.. And you just keep riding the waves until youare docked where everything expires otm on a Friday or you have closedall of the itm positions with premium from other atm positions.. Thenyou start over by opening a new set and riding some more.

-Tyler"

Further research in the group shall give access to more information.

Best,



2015-10-06 19:07 GMT-03:00 Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com>:

.

Welcome Tim.. I recommend you just search the name Tyler...and read all the posts.. I believe first posts started mid July.On Oct 6, 2015 6:00 PM, "teneyck99@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Hi,

I'm new to this group and was wondering what Tyler's trading method is?. Is there documentation on his method?

Thanks,Tim







----------------------------

#5188 Oct 7, 2015

Havent had issues yet rollingOn Oct 7, 2015 10:45 AM, "rshukla@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Hi Lawrence,

What has been your experience so far rolling deep ITM options? .

-Rocky



----------------------------

#5189 Oct 7, 2015

Lawrence ... Can you make your spreadsheet bigger ? I am having trouble enlarging it , and as sent, is tiny ...ThanksVictor ��

From: "Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> To: supertraderkarenstudy@yahoogroups.com Sent: Tuesday, October 6, 2015 1:54 PM Subject: [SuperTraderKarenStudy] Results Utilizing TTS (Tyler's Trading System) [1 Attachment]

��[Attachment(s) from Lawrence Vaduva included below]I wanted to provide an update on my results trading Tyler.smethod, which I have been doing using real money since that brutal Monday, Aug24th���� freefall.�� My account, on thatprior Friday, was valued at 168k.�� I had10 naked puts open at 1820 strike with Oct1 exp.��On the big sell off I had 8k available in buying power�� as volatilityexploded.With Tyler.s help I adjusted my positions to selling 4 putcontracts at 2035 strike and selling 4 call contracts at 1920 strike, both��at 11 and 4 days DTE, respectively.�� This instantly added around 22kto my account bringing me back to 75k buying power and increasing my accountvalue to�� 189k after commissions.Since then I have been adjusting and trading using thisnew�� approach, week to week setting mytargets on reducing my exposure to 2 put contracts and 8 call contracts max whilegenerating minimum of 0.4% per week in premium or 1k for my account per week.�� Iam attaching my trade log and will be posting my trades like Tom and Keith do,to offer any insight that may be gleaned from my experience, as we are alllearning.�� This post is done in gratitudeto Tyler for his unparalled help.��Lawrence



----------------------------

#5190 Oct 7, 2015

Lawrence

I cannot read the spreadsheet either

Kalam

To: supertraderkarenstudy@yahoogroups.comFrom: supertraderkarenstudy@yahoogroups.comDate: Wed, 7 Oct 2015 17:05:28 +0000Subject: Re: [SuperTraderKarenStudy] Results Utilizing TTS (Tyler's Trading System)

��

Lawrence ... Can you make your spreadsheet bigger ? I am having trouble enlarging it , and as sent, is tiny ...ThanksVictor ��

From: "Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> To: supertraderkarenstudy@yahoogroups.com Sent: Tuesday, October 6, 2015 1:54 PM Subject: [SuperTraderKarenStudy] Results Utilizing TTS (Tyler's Trading System) [1 Attachment]

��[Attachment(s) from Lawrence Vaduva included below]I wanted to provide an update on my results trading Tyler.smethod, which I have been doing using real money since that brutal Monday, Aug24th���� freefall.�� My account, on thatprior Friday, was valued at 168k.�� I had10 naked puts open at 1820 strike with Oct1 exp.��On the big sell off I had 8k available in buying power�� as volatilityexploded.With Tyler.s help I adjusted my positions to selling 4 putcontracts at 2035 strike and selling 4 call contracts at 1920 strike, both��at 11 and 4 days DTE, respectively.�� This instantly added around 22kto my account bringing me back to 75k buying power and increasing my accountvalue to�� 189k after commissions.Since then I have been adjusting and trading using thisnew�� approach, week to week setting mytargets on reducing my exposure to 2 put contracts and 8 call contracts max whilegenerating minimum of 0.4% per week in premium or 1k for my account per week.�� Iam attaching my trade log and will be posting my trades like Tom and Keith do,to offer any insight that may be gleaned from my experience, as we are alllearning.�� This post is done in gratitudeto Tyler for his unparalled help.��Lawrence



----------------------------

#5191 Oct 7, 2015

Its a jpeg.. You should be able to enlarge using a computer or laptopOn Oct 7, 2015 1:05 PM, "Vic Ferrari vico213@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.

Lawrence ... Can you make your spreadsheet bigger ? I am having trouble enlarging it , and as sent, is tiny ...ThanksVictor .

From: "Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> To: supertraderkarenstudy@yahoogroups.com Sent: Tuesday, October 6, 2015 1:54 PM Subject: [SuperTraderKarenStudy] Results Utilizing TTS (Tyler's Trading System) [1 Attachment]

.[Attachment(s) from Lawrence Vaduva included below]I wanted to provide an update on my results trading Tyler.smethod, which I have been doing using real money since that brutal Monday, Aug24th.. freefall.. My account, on thatprior Friday, was valued at 168k.. I had10 naked puts open at 1820 strike with Oct1 exp..On the big sell off I had 8k available in buying power. as volatilityexploded.With Tyler.s help I adjusted my positions to selling 4 putcontracts at 2035 strike and selling 4 call contracts at 1920 strike, both.at 11 and 4 days DTE, respectively.. This instantly added around 22kto my account bringing me back to 75k buying power and increasing my accountvalue to. 189k after commissions.Since then I have been adjusting and trading using thisnew. approach, week to week setting mytargets on reducing my exposure to 2 put contracts and 8 call contracts max whilegenerating minimum of 0.4% per week in premium or 1k for my account per week.. Iam attaching my trade log and will be posting my trades like Tom and Keith do,to offer any insight that may be gleaned from my experience, as we are alllearning.. This post is done in gratitudeto Tyler for his unparalled help..Lawrence



----------------------------

#5192 Oct 7, 2015

When enlarged its not legible. ��At least on my computer.��-------- Original message --------From: "Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com>Date: 10/7/2015 1:41 PM (GMT-05:00)To: supertraderkarenstudy@yahoogroups.comSubject: Re: [SuperTraderKarenStudy] Results Utilizing TTS (Tyler's Trading System)







----------------------------

#5193 Oct 7, 2015

Oh...ok...I will save as an excel file and attachOn Oct 7, 2015 2:06 PM, "ckalb ckalb@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.When enlarged its not legible.. At least on my computer..-------- Original message --------From: "Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com>Date: 10/7/2015 1:41 PM (GMT-05:00)To: supertraderkarenstudy@yahoogroups.comSubject: Re: [SuperTraderKarenStudy] Results Utilizing TTS (Tyler's Trading System)



----------------------------

#5194 Oct 7, 2015

How do you determine your limit price? Why do you put the order in pre-market instead of waiting for the market to open and option prices to settle in?



----------------------------

#5195 Oct 7, 2015

The limit price I use is the minimum of the bid and ask. I don't want prices to settle because I find I can get filled (always for a credit) much easier first thing in morning when market makers have lots of flexibility to buy and sell my positions.. Through practice I have found I can get great fills very fast executing this way.LawrenceOn Oct 7, 2015 2:42 PM, "rshukla@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.How do you determine your limit price? Why do you put the order in pre-market instead of waiting for the market to open and option prices to settle in?



----------------------------

#5196 Oct 7, 2015

Interesting. My experience has been that after-market bid-ask spreads widen out ... plus the prices are usually stale because they don't reflect gaps.



----------------------------

#5197 Oct 7, 2015

Yes...I agree.. TOS (and probably any platform). will provide you the best premium available.. So I have often received more then I set limit order to.. I error on the side of caution an low ball my bid so I get filled faster...but never for a debit.LawrenceOn Oct 7, 2015 5:54 PM, "rshukla@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Interesting. My experience has been that after-market bid-ask spreads widen out ... plus the prices are usually stale because they don't reflect gaps.



----------------------------

#5198 Oct 7, 2015

Here is the trade log in excel format.. Let me know if you still cannot view it.

On Wed, Oct 7, 2015 at 1:08 PM, Kalam Momin klm786@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com> wrote:

.Lawrence

I cannot read the spreadsheet either

Kalam

To: supertraderkarenstudy@yahoogroups.comFrom: supertraderkarenstudy@yahoogroups.comDate: Wed, 7 Oct 2015 17:05:28 +0000Subject: Re: [SuperTraderKarenStudy] Results Utilizing TTS (Tyler's Trading System)

.

Lawrence ... Can you make your spreadsheet bigger ? I am having trouble enlarging it , and as sent, is tiny ...ThanksVictor .

From: "Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> To: supertraderkarenstudy@yahoogroups.com Sent: Tuesday, October 6, 2015 1:54 PM Subject: [SuperTraderKarenStudy] Results Utilizing TTS (Tyler's Trading System) [1 Attachment]

.[Attachment(s) from Lawrence Vaduva included below]I wanted to provide an update on my results trading Tyler.smethod, which I have been doing using real money since that brutal Monday, Aug24th.. freefall.. My account, on thatprior Friday, was valued at 168k.. I had10 naked puts open at 1820 strike with Oct1 exp..On the big sell off I had 8k available in buying power. as volatilityexploded.With Tyler.s help I adjusted my positions to selling 4 putcontracts at 2035 strike and selling 4 call contracts at 1920 strike, both.at 11 and 4 days DTE, respectively.. This instantly added around 22kto my account bringing me back to 75k buying power and increasing my accountvalue to. 189k after commissions.Since then I have been adjusting and trading using thisnew. approach, week to week setting mytargets on reducing my exposure to 2 put contracts and 8 call contracts max whilegenerating minimum of 0.4% per week in premium or 1k for my account per week.. Iam attaching my trade log and will be posting my trades like Tom and Keith do,to offer any insight that may be gleaned from my experience, as we are alllearning.. This post is done in gratitudeto Tyler for his unparalled help..Lawrence



----------------------------

#5199 Oct 7, 2015

Thanks Lawrence! ��I can read the sheet just fine.



----------------------------

#5200 Oct 7, 2015

Thanks for reposting the excel format is much better

Keith



----------------------------

#5204 Oct 7, 2015

Absolutely.. I'm hoping to get as much critique and feedback from everyone as possible.. Please don't hesitate to ask questions or offer advice...best way to learnLawrenceOn Oct 7, 2015 9:11 PM, "keith dutter matt19.2526@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Thanks for reposting the excel format is much better

Keith



----------------------------

#5205 Oct 7, 2015

Hi Lawrence,

I have a few questions again :-)

1. Looking at your initial adjustments. You collected a total of $35.50 + $3.40 for the ATM calls & ITM Puts. Was that because that was more or less what it costs you to close your original 1820 Puts? I am assuming you do not want a debit on your rolling.

2. What did you choose to go so deep ITM on the Puts? (SPX @ 1920 & selling 2035 puts) This will mean it will take a longer time for your puts to become OTM & safe?��

I understand it could be because you needed to collect say $38 total to have a credit for the roll. But wouldn't say selling slightly ITM instead of ATM Calls & less deep Puts give you the same amount of credit? (i don't have the numbers now but say 1900 Calls & 2010 Puts). This will make greatly increase the probability of your puts being able to reach OTM sooner.��

Again, really appreciate you taking your time out to reply. Many thanks.

Best��

Eric S







----------------------------

#5207 Oct 7, 2015

Hi Lawrence,

First, thanks so much for posting your trades...if I can understand and learn from what you've accomplished, I might be halfway dangerous!

I have a few questions. First, on 8/24, you STO Sep1 2035 puts and Aug4 2030 puts. The credits you received don't seem correct. With SPX between 1965 and 1867 that day, those puts would be deep ITM and should have a much larger credit. Why are the numbers for Price of Options so low?

Second, if I understand correctly, going into 8/24, your open position was 10 Oct1 1820 puts. What was your initial credit on those? Just want to understand your starting point.

Looking down the Price of Option column, it appears that sometimes those numbers don't match what I would expect. For example, on 9/10, with SPX at 1951, you sold 1920 calls for a price of $14. With those calls 31 points ITM, their price should have been much higher than $31.

I'm sure I'm misunderstanding what is represented and hope you can clarify it for me.

Thanks!

Ralph



----------------------------

#5210 Oct 8, 2015

Eric to be honest with you those were the strikes Tyler suggested at the time. Those are consistent with his strategy... ATM on the unthreatned side and the put strike was chosen to be able to reduce my 10 naked puts to 4.. Again the deleveraging is consistent with his system.. I did close out the 1820 puts.. All of them.. It was all done for a very nice credit approx 20k, I took a lot of risk off and my buying power increased ten fold cause I took 6 naked put contracts off.I understand your second point about the different strikes...but if you think about it, it really doesnt make much difference.. I created a range of 100 points between the calls and the puts....while im in between that range I roll and collect premium.. Once I collect enough premium...I deleverage the side that's deepest in the money.. When I break out of this range, one side will expire worthless, I will then begin collecting premium to start deleveraging the itm side that is left over.LawrenceOn Oct 7, 2015 11:45 PM, "sunzisea@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Hi Lawrence,

I have a few questions again :-)

1. Looking at your initial adjustments. You collected a total of $35.50 + $3.40 for the ATM calls & ITM Puts. Was that because that was more or less what it costs you to close your original 1820 Puts? I am assuming you do not want a debit on your rolling.

2. What did you choose to go so deep ITM on the Puts? (SPX @ 1920 & selling 2035 puts) This will mean it will take a longer time for your puts to become OTM & safe?.

I understand it could be because you needed to collect say $38 total to have a credit for the roll. But wouldn't say selling slightly ITM instead of ATM Calls & less deep Puts give you the same amount of credit? (i don't have the numbers now but say 1900 Calls & 2010 Puts). This will make greatly increase the probability of your puts being able to reach OTM sooner..

Again, really appreciate you taking your time out to reply. Many thanks.

Best.

Eric S



----------------------------

#5211 Oct 8, 2015

Ralph let me start off saying that I'm sure there are incorrect prices in the spread sheet.. Im just getting used to logging all this.. Second I do know what my acct balance was.. It was 168k pre 10 puts adjustment and 188k post adjustment...that's why I can understand there might be errors.. I have started keeping much better track since.. As far as the rolls go, those v are the prices I am getting.. Don't forget it's a roll so I'm closing out current expiration and opening further out expiration.. Both are deep itm...the credit is just time premium.LawrenceOn Oct 8, 2015 2:22 AM, "ralphko@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Hi Lawrence,

First, thanks so much for posting your trades...if I can understand and learn from what you've accomplished, I might be halfway dangerous!

I have a few questions. First, on 8/24, you STO Sep1 2035 puts and Aug4 2030 puts. The credits you received don't seem correct. With SPX between 1965 and 1867 that day, those puts would be deep ITM and should have a much larger credit. Why are the numbers for Price of Options so low?

Second, if I understand correctly, going into 8/24, your open position was 10 Oct1 1820 puts. What was your initial credit on those? Just want to understand your starting point.

Looking down the Price of Option column, it appears that sometimes those numbers don't match what I would expect. For example, on 9/10, with SPX at 1951, you sold 1920 calls for a price of $14. With those calls 31 points ITM, their price should have been much higher than $31.

I'm sure I'm misunderstanding what is represented and hope you can clarify it for me.

Thanks!

Ralph



----------------------------

#5212 Oct 8, 2015

Hello TZ.. I recommend doing a search for "Tyler" on this blog and read everything he wrote.LawrenceOn Oct 8, 2015 3:34 AM, "tzewei_79@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Hi,

Thanks for sharing. Is there a document that explains the strategy? Like choosing which strikes to sell and how to manage the trade after that? I see some call sold gets ITM for quite some time. If SPX keep going higher and higher, what do you do?



----------------------------

#5213 Oct 8, 2015

Hi Lawrence,

Thanks for answering all the question so patiently, I jus have one last one, that I think its clear to me, but just want to make sure. I think we all where in trouble with the move on monday 24th.��

I suspect, that all those decisions where made solely to "stay alive" and out of a margin call. So more that been picky on exact strikes, it was more of a move to be safe with buying power and giving you the opportunity to get it all back. I know there where lots of people that day that had to close losers and what you did would be a learning experience.��

I was getting very close to a margin call that monday morning, and first thing I did was change all to /es and sell 4 futures contracts at 1935. I though of lots of different options, but I never though of what you did and its a very good option to consider.��

Thanks for your time, and for sharing.

Antonio��

To: supertraderkarenstudy@yahoogroups.comFrom: supertraderkarenstudy@yahoogroups.comDate: Thu, 8 Oct 2015 06:57:04 -0400Subject: Re: [SuperTraderKarenStudy] Re: Results Utilizing TTS (Tyler's Trading System)

��

Hello TZ.�� I recommend doing a search for "Tyler" on this blog and read everything he wrote.LawrenceOn Oct 8, 2015 3:34 AM, "tzewei_79@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

��Hi,

Thanks for sharing. Is there a document that explains the strategy? Like choosing which strikes to sell and how to manage the trade after that? I see some call sold gets ITM for quite some time. If SPX keep going higher and higher, what do you do?







----------------------------

#5214 Oct 8, 2015

Ok, thanks Lawrence...that explains why the prices look odd.

One other question...when you are rolling, are you waiting until the last day before expiration before rolling. Essentially, this is what Tyler advocates and I wonder if you follow it as well. Seems a bit disconcerting when the options go deep ITM.

Thanks, again, for sharing your experience.

Ralph



----------------------------

#5215 Oct 8, 2015

I have done it both ways...waited or executed day prior.LawrenceOn Oct 8, 2015 12:09 PM, "ralphko@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Ok, thanks Lawrence...that explains why the prices look odd.

One other question...when you are rolling, are you waiting until the last day before expiration before rolling. Essentially, this is what Tyler advocates and I wonder if you follow it as well. Seems a bit disconcerting when the options go deep ITM.

Thanks, again, for sharing your experience.

Ralph



----------------------------

#5218 Oct 8, 2015

I appreciate it....but I did not think of it. Tyler did....and yes it was all about survival....On Oct 8, 2015 9:34 AM, "antonio porres aporresm@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Hi Lawrence,

Thanks for answering all the question so patiently, I jus have one last one, that I think its clear to me, but just want to make sure. I think we all where in trouble with the move on monday 24th..

I suspect, that all those decisions where made solely to "stay alive" and out of a margin call. So more that been picky on exact strikes, it was more of a move to be safe with buying power and giving you the opportunity to get it all back. I know there where lots of people that day that had to close losers and what you did would be a learning experience..

I was getting very close to a margin call that monday morning, and first thing I did was change all to /es and sell 4 futures contracts at 1935. I though of lots of different options, but I never though of what you did and its a very good option to consider..

Thanks for your time, and for sharing.

Antonio.

To: supertraderkarenstudy@yahoogroups.comFrom: supertraderkarenstudy@yahoogroups.comDate: Thu, 8 Oct 2015 06:57:04 -0400Subject: Re: [SuperTraderKarenStudy] Re: Results Utilizing TTS (Tyler's Trading System)

.

Hello TZ.. I recommend doing a search for "Tyler" on this blog and read everything he wrote.LawrenceOn Oct 8, 2015 3:34 AM, "tzewei_79@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Hi,

Thanks for sharing. Is there a document that explains the strategy? Like choosing which strikes to sell and how to manage the trade after that? I see some call sold gets ITM for quite some time. If SPX keep going higher and higher, what do you do?



----------------------------

#5219 Oct 9, 2015

Hi, is it the one with last post on Oct 2013?



----------------------------

#5227 Oct 12, 2015

Hi Lawrence, Since this new trading method (Tyler style) was adopted to salvage the margin problem, are you still sticking to your old methods of trading or is this Tyler style now your new normal?

Best Eric S



----------------------------

#5230 Oct 12, 2015

Hi Eric...this is the new norm.. I rolled all my itm positions last Thursday for an average of $8 per contract 14 DTE.. This has allowed me to pull in around 7k.. That plus extra cash I accumulated the prior week will allow me to deleverage one call contract sometime this week.. I'm waiting for a little pull back within the next two weeks to do so.LawrenceOn Oct 12, 2015 8:50 AM, "sunzisea@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Hi Lawrence, Since this new trading method (Tyler style) was adopted to salvage the margin problem, are you still sticking to your old methods of trading or is this Tyler style now your new normal?

Best Eric S



----------------------------

#5232 Oct 12, 2015

Lawrence ... It's easy to pull in large amounts of money selling deep itm options ... That's self evident ...Karen s method gave her 30 % plus , returns consistently since 2008 while keeping herself at initiating trades at 5% probability in the money ... That to me is amazing ... Your system may be better , but till Tyler or yourself , have at least a 3 year track record of better track records than Karen , I believe you should emphasize ,like Tom , that you are in an experimental faze and you don't know for sure if this can work over at least a 1,3,5, year period ... It very well may , but 2 months of your doing this is hardly enough time , for every one to dump karen s way and jump on board ... Not that you did encourage that , but let's acknowledge that this system has not been tested over longer periods of time ...Tyler himself admitted he lost money in 2014.... No disrespect to either of you , and it's great to learn other possibly better systems , but let's qualify TTS as something still in its infancy stage ... I'm sure many readers in the group will disagree with me , but I just wanted to contribute my thoughts if that's OK ... ThanksVictor







From:

Lawrence Vaduva lawrence.vaduva@... [supertraderkarenstudy] supertraderkarenstudy@yahoogroups.com>;

To:

supertraderkarenstudy@yahoogroups.com>;

Subject:

RE: [SuperTraderKarenStudy] Re: Results Utilizing TTS

Sent:

Mon, Oct 12, 2015 8:31:58 PM



.Hi Eric...this is the new norm.. I rolled all my itm positions last Thursday for an average of $8 per contract 14 DTE.. This has allowed me to pull in around 7k.. That plus extra cash I accumulated the prior week will allow me to deleverage one call contract sometime this week.. I'm waiting for a little pull back within the next two weeks to do so.LawrenceOn Oct 12, 2015 8:50 AM, "sunzisea@... [supertraderkarenstudy]" supertraderkarenstudy@yahoogroups.com> wrote:

.Hi Lawrence, Since this new trading method (Tyler style) was adopted to salvage the margin problem, are you still sticking to your old methods of trading or is this Tyler style now your new normal?

Best Eric S







----------------------------

#5233 Oct 12, 2015

I have 4+ years of returns, which are now 24% CAGR, with the best year at 85%, and worst year at -9%.. However, if I had kept my current approach to trading in the -9% year, it would have been closer to +2%, and my overall CAGR would be closer to 29%.. And if we just looked at this year + -9% year, am around 24% CAGR over 24 months, which had to absorb a huge 20% peak to trough draw down because I wasn't as smart about trading ITM calls as I am now. That is the power of learning from the -9% and having many many many calls go ITM while the market is racing up.. My CAGR has been inching up over time, though took a hit last year. The purpsoe of refining from active trading is to steadily inch up the CAGR.. So given that, it may make more sense to look at run-rate CAGR over a 12-24 month rolling window instead of a 7 year CAGR over many years.. This way a trader's more recent knowledge and trading cycle adjustments are weighing in to the viability of the strategy, and a 12-24 month rolling window is long enough to trade through any positive or negative cycles.

With a 4 year track record on a trading strategy that has a weekly cycle of a trade (in / out/ adjust), I now have 208 weekly cycles that I have lived through, with approximately 1200 mid-week adjustments made.. Compare this to Karen's 7 year track record with a strategy that opens 45-60 DTE and takes trades off a couple weeks later.. If she is averaging a 3 week cycle, then after 7 years, she has been through ~120 3 week cycles.. So, while you implied that my approach doesn't have a long track record, in some views this particular approach could be more hardened than whatever system Karen is using.

More importantly to me, my Sharpe & Sortino ratios, a measure of risk-adjusted returns are about 35% better than the returns you get with S&P 500 total return, which is buy-and-hold with dividends calculated in, while my rate of return over the same period is about double.. If I ever wanted to go out and raise professional money, these ratios are critical because making a higher rate of return with a crazy equity curve with a lower sharpe / sortino ratio will send investors running (screaming) for the hills.

The reason I started writing on these threads is that I have studied Karen's approach after I developed mine in a vacuum, and her approach is a death trap waiting to happen without significant hedging scenarios.. Either she is not sharing them (and doing them), or she is not executing those hedges and masking some of the wild equity curves she is seeing.. But she is definitely using a lot of leverage that can lead someone into a dangerous place.. This is a trader who says she opens 50% of her margin on her first trades and goes 5% ITM probability with a roll at 30% delta.. The number of contracts she is taking on has to be huge.. And she is timing the market based upon bollinger band setups, so she is not in the market 100% of the time, which is a bit odd, since you would think that if the bollinger bands favored her, then she'd want to maybe be 10% or 20% pITM when opening a particular side on the expectation of a bollinger band reversal.



So one conclusion I have about Karen is that for her to open that many contracts on an initial position (that far OTM & that many DTE) and to get a 30% return requires some serious hedging that is not disclosed. And I suspect that her hedging strategy is something that is not widely shared such that she is able to time the hedges so that they go on right before things get sticky, such as shorting /ES in a massive quantity any time the market has a -1% move in a few hours, or going long ES any time the market is up 2% in a day. .

Or, maybe she is not hedging that much with her actual returns closer to .20-25% (like mine) and for publicity maybe she is stretching things just a little bit.

Most of the traders watching these threads do not have big accounts, and I would be pretty upset if someone on this board had their account blow up trying to mimic a strategy that - on its surface - looks pretty safe, but because they didn't share the appropriate hedging strategies, would cause them to blow up.

FWIW about Karen's track record.. The audited results have never been shared.. There are so many and many threads online that break down her results. If you go into those deep threads with the experts, you'll see a lot of people say that 2%+ / month is pretty achievable, but not sustainably so - there will be some drawn down months and also some excel months, even when using hedges.. All those people who are getting 2% / month all tend to say they are using about 1/2 the initial capital than Karen is using - they do that because they'd all have exploded in huge draw downs otherwise.. So it's another data point that makes analysis murky - there is something about her approach or results that are not disclosed.

I am quite confident that I can get to a 30% CAGR, but the only way I know I can get there is by reducing risk, getting closer to ATM, and getting closer to DTE.. Every algorithm that I have run where I go further away, reduces returns or amps up the risk to the point where August would have been a shit storm.. Tom kept a super cool head through the trading, but after the worst was over, he shared some scary nums.. The emotional volatility had to be pretty dman hard to manage.

While I am confident that my CAGR will get closer to 30%, it will not happen immediately.. My CAGR has been inching up over the years as improvements are made.. It's taken me a lot of repeated weekly cycles to learn edge cases and how to trade around them.. Karen had to go through the same learning cycle, and it's likely that her CAGR is inching up as well, but I'd really love to see the run rate CAGR instead of the claimed historical full period CAGR.



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