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SteadyOptions Q1 2015 Report: 47.4% ROI

While most major indexes continue to straggle, SteadyOptions continues to deliver strong gains. SteadyOptions flagship service produced 47.4% ROI in Q1 2015, based on fixed $1,000 allocation per trade (non-compounded) and 6 trades open. This translated to 28.4% return on the whole account, based on 10% allocation per trade. The winning ratio was a remarkable 82%. Check out the Performance page to see the full results.

Iron Condor Adjustments: How and When

Let’s begin with a basic fact: There are many methods for adjusting a position so that risk is reduced. Some are inexpensive, others cost more than most traders are willing to spend. Some are effective most of the time, but the protection offered is minimal. Others are so effective (alas, that happens rarely) that the gains an be spectacular. [Think of owning an extra put or two before the market opens down 20% one fine day]

Steady Condors: The Comeback

Steady Condors has just finished another profitable month of trading with gains of 7.7% on margin, and 6.2% per unit for April expiration. This makes the year to date return 17% on a whole account. Of particular importance is that this month’s gains bring Steady Condors back to new equity highs after a somewhat lengthy (yet statistically expected) drawdown over the last year. Those who had the discipline and patience to stay the course have been rewarded.

Fibonacci, Gann, Elliott

Many people believe in the above methods, indicators. I am skeptical about the usability of them. I'll tell you why ... Fibonacci, Gann, Elliott - all of them bring the laws of nature into the trading. These are formulas and laws that can be found in nature and form certain patterns.

Karen The Supertrader: Myth Or Reality?

Karen the "SuperTrader" has generated a lot of curiosity in the trading community. She has been interviewed on TastyTrade twice. The title of the last interview was "OPTION TRADER makes $105MM PROFIT in the NDX, SPX and RUT. Is she real? Does she really generate all those outstanding profits? Do you think Karen is a fraud? This article aims to clarify some facts about Karen SuperTrader and her trading results.

Why Iron Condors are NOT an ATM machine

We closed today our Steady Condors March trades for an average gain of 7.5% before commissions, or 5.8% return on the whole account after commissions. We don't promise you some absurd numbers like 10%/month or 5%/week, but we are proud to report performance in the most honest and transparent way possible. I will explain later how our performance reporting is different from other newsletters, but let me start by quoting Jesse Blom's post on the forum.

TSLA, LNKD, NFLX, GOOG: Thank You, See You Next Cycle

Our long term followers know that buying premium into earnings is one of our favorite strategies. I wrote about the strategy in my Seeking Alpha article Exploiting Earnings Associated Rising Volatility. IV (Implied Volatility) usually increases sharply a few days before earnings, and the increase should compensate for the negative theta. We have been using this strategy in our SteadyOptions model portfolio with great success.

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