Welcome to SteadyYields

[Kim]

We are pleased to expand our services offerings with a new strategy called SteadyYields.

Here are the service parameters:

• Tailored for medium term active traders
• Model portfolio size - $10,000
• Underlying -TLT
• Average holding period - 2-4 weeks
• Number of trades per month - 3-5 plus adjustments
• Profit target - 30-40%+ annually

 

There is a long-term correlation between oil prices and constant maturity yields for the 10-year Treasury. SteadyYields is a trading strategy that takes advantage of this correlation. Details can be found on the members forums discussions.

We recommend trading with a low or no commission broker (like Tradier or FirstTrade). TLT is extremely liquid, scaling up will not be a problem.
 

[alwaysprepared]

On 12/12/2024 at 9:52 AM, Kim said:

Yes, and remember that we usually don't use more than 50-60% of the capital. So when you look at performance, ROI is much higher than reported because we have almost half of the portfolio in cash.

@Kim I'm considering rejoining Steady Yields again but am skittish after my experience with the previous manager.  Would you be willing to post the returns and a brief summary of how ;things are going for the partial year under the new management??  I realize a partial year is not a fair test of the future potential of the trade, but if things seem to be going to plan and subscribers seem happy, then I'm willing to take a chance with it...

Thanx in advance...

[zxcv64]

4 hours ago, alwaysprepared said:

Would you be willing to post the returns

I'm not Kim, but you can see the returns here :   https://steadyoptions.com/performance/

(then click on 'SteadyYields'). The returns for all the strategies are shown here.

 

[Kim]

57 minutes ago, zxcv64 said:

I'm not Kim, but you can see the returns here :   https://steadyoptions.com/performance/

(then click on 'SteadyYields'). The returns for all the strategies are shown here.

 

Thank you. I was a bit surprised by the question, as we always post all returns of all services on the performance page. 

SY is a completely different service now. Different managers, different risk management, different trading philosophy. Our goal is to keep the drawdowns to 20-25% maximum. 

[alwaysprepared]

54 minutes ago, zxcv64 said:

I'm not Kim, but you can see the returns here :   https://steadyoptions.com/performance/

(then click on 'SteadyYields'). The returns for all the strategies are shown here.

 

I have visited that page.  I'm assuming those returns can't be accurate for the new manager of that strategy since he's only been doing the job for about 1/2 a year....  Those numbers can't possibly include the disaster that I was a victim of earlier this year...

[Kim]

1 minute ago, alwaysprepared said:

I have visited that page.  I'm assuming those returns can't be accurate for the new manager of that strategy since he's only been doing the job for about 1/2 a year....  Those numbers can't possibly include the disaster that I was a victim of earlier this year...

The service has been restarted in July. Those are the returns since July, and I can assure you that they are 100% accurate. You can find the previous return under discontinued strategies, link on the performance page. 

[alwaysprepared]

1 minute ago, Kim said:

The service has been restarted in July. Those are the returns since July, and I can assure you that they are 100% accurate. You can find the previous return under discontinued strategies, link on the performance page. 

OK, @Kim.  I'll take your word that those are indeed the results so far under the new management...

Thank you for responding!

[berg1975]

The strategy is described as low maintenance. How sensitive is the strategy to timing of entries, exits and rolls? With Double Diagonals, it was possible to enter (or roll) hours after a trade alert without impairment to performance. Is there a similar tolerance with this strategy?

Also, how would the relaunched strategy have performed in April, May and June 2024? Would the June loss have been less? Thx

 

[Kim]

Yes, most of the time it is possible to enter hours after the trade has been posted, sometimes even the next day. Of course the entry will depend of the underlying price - if the price moved significantly, sometimes the trade price can change as well. But for the most part, those are very slowly moving trades.

The implementation is very different from the previous one. Yes, June 2024 performance would be very different from the previous implementation. In fact, it is possible it would actually make money in June 2024.

[Mattatut]

Why am i getting emails touting this program with a 91% truth? How can it have a 91% return YTD, as per the email I just got, when the model portfolio of $10K shows it is just over $10K with a YTD return of 5%. What am I missing? 

[Yowster]

20 minutes ago, Mattatut said:

Why am i getting emails touting this program with a 91% truth? How can it have a 91% return YTD, as per the email I just got, when the model portfolio of $10K shows it is just over $10K with a YTD return of 5%. What am I missing? 

Steady Yields and Steady Options are different portfolios.

[Kim]

6 hours ago, Mattatut said:

Why am i getting emails touting this program with a 91% truth? How can it have a 91% return YTD, as per the email I just got, when the model portfolio of $10K shows it is just over $10K with a YTD return of 5%. What am I missing? 

 

Not sure why the confusion..

[Kim]

 

Please be advised that Steady Yields subscription rates will be adjusted on October 15 as following:

• Monthly - $150
• Quarterly - $375 (save 17%)
• Yearly - $1,200 (save 33%)

Please note that the increase will only apply to new subscribers. Existing subscribers will be grandfathered at the rate that they signed up for originally, as long as they maintain an active subscription. We hold rates for our existing subscribers as a reward to them for their loyalty to us, which we very much appreciate. As long as you join before October 15th, you will continue to pay the current rates.

Bundle prices will remain the same for now, but are expected to increase soon.

If you wish to join before the price increase, please use one of the links on the Subscription page.

Please make sure to read the Frequently Asked Questions to make sure the service is a good fit for you.

 

If you currently have a monthly or a quarterly subscription and wish to upgrade to yearly and be grandfathered at the current price of $1,000/year, you can cancel the monthly or the quarterly and subscribe to the yearly before October 15 and we will provide a pro rated refund of the unused portion of the current monthly or quarterly subscription.

[equus]

Thanks for the heads up. The current rates until 15th October are:

Monthly - $125
Quarterly - $300 
Yearly - $1,000

If we subscribe by the 15th and get grandfathered in to these current rates, are we free to move between the current monthly/quarterly/yearly rates in the future? For example, if I subscribe to the quarterly at $300 now, can I switch to the yearly at $1000 some months down the line?

[Kim]

It is our policy to grandfather members at rates they originally subscribed as long as they maintain an active subscription. This applies to individual products and bundles. If you cancel a service or a bundle and wish to re subscribe, you will pay the price in effect at the time you re subscribe.

So it will not be possible to change the term after the 15th and keep the current rate, but members can try the service now with monthly subscription and upgrade to yearly before the 15th at the current rate, and I will issue prorated refund of the monthly subscription.

[Kim]

Members who change their subscription from monthly to yearly, please don't forget to cancel the monthly to avoid double charge.

[intec2020]

I operate with IB, would commissions be a problem for this operation?

 

 

[intec2020]

where Do I could read about this strategic?

[SSP]

1.  IBKR is a very low commission broker.  I have used them for several years with both Steady Yields, and also better yet with Steady Collars strategies. Their commission structure as well as low Margin interest rates allow you to keep most of the profits for yourself.

2.  You can read about it in the Forum Steady Yields 

Sarang 

[greenspan76]

7 hours ago, intec2020 said:

I operate with IB, would commissions be a problem for this operation?

I use IB for a lot of trading, but these TLT trades, in my opinion, are too expensive there so I use Tradier for them. However, I made these trades at IB before I switched to using Tradier so I can give you real numbers on the commission differences. Over several hundred contracts of TLT butterflies at both brokers, my average commission per contract at IB was $1.138 and my average at Tradier is $0.214. Tradier does charge a $10/month for Tradier Pro, which is spread across many other contracts for me. But even if you only traded these TLT trades at Tradier and you only did 15 butterflies per month, it would cost you around $25.68 commissions + $10 monthly fee = $35.68. Whereas at IB, the same trade would be roughly $136.56. Those are total costs to open + close just as a comparison of the difference

 

Edited 7 hours ago by greenspan76
correct math

[intec2020]

Thanks 

[intec2020]

I'm undecided whether to subscribe to that service, because I saw that it had many losses, have you been using it for a while?

[intec2020]

2 hours ago, greenspan76 said:

I use IB for a lot of trading, but these TLT trades, in my opinion, are too expensive there so I use Tradier for them. However, I made these trades at IB before I switched to using Tradier so I can give you real numbers on the commission differences. Over several hundred contracts of TLT butterflies at both brokers, my average commission per contract at IB was $1.138 and my average at Tradier is $0.214. Tradier does charge a $10/month for Tradier Pro, which is spread across many other contracts for me. But even if you only traded these TLT trades at Tradier and you only did 15 butterflies per month, it would cost you around $25.68 commissions + $10 monthly fee = $35.68. Whereas at IB, the same trade would be roughly $136.56. Those are total costs to open + close just as a comparison of the difference

 

With those commissions, and the payment of the service in IB, I don't think it will be profitable then.

[SSP]

The losses were with the previous manager who did a terrible job.  Yowster has been managing it since the other guy was ousted, and there has been good returns. Read the postings on the Forum or follow Kim's email updates on Steady Yields.

Sarang

[Kim]

3 minutes ago, intec2020 said:

With those commissions, and the payment of the service in IB, I don't think it will be profitable then.

This statement is completely inaccurate. Even with IB commissions you would still make outstanding returns. 

[greenspan76]

12 minutes ago, intec2020 said:

With those commissions, and the payment of the service in IB, I don't think it will be profitable then.

Well, I wouldn't necessarily say that. The model portfolio is $10k, but I use a $20k portfolio so all my trades are double size. Since Yowster starting managing the strategy in July 2024, I've had total profits of ~$14,300 after paying ~$2735 in commissions. I just switched to using Tradier for this strategy in May, so most of the commissions are from IB. I'm pretty happy with it overall. Maybe I should have not overemphasized the commission difference in my prior post because if you can't use a cheaper brokerage, the results have still been pretty good with IB

Edited 4 hours ago by greenspan76
clarity

[DrBG]

Question and apologies if this has been discussed. If someone is stuck using IB could you explore using options on /ZB futures instead? You’d likely have to pick different strikes based on deltas but you’d be able to reduce your contract size by 10x. Not to mention more favorable capital gains treatment in US.

[Kim]

1 hour ago, DrBG said:

Question and apologies if this has been discussed. If someone is stuck using IB could you explore using options on /ZB futures instead? You’d likely have to pick different strikes based on deltas but you’d be able to reduce your contract size by 10x. Not to mention more favorable capital gains treatment in US.

I guess you could try, although the difference id deltas might impact results.

[Kim]

1 hour ago, greenspan76 said:

Well, I wouldn't necessarily say that. The model portfolio is $10k, but I use a $20k portfolio so all my trades are double size. Since Yowster starting managing the strategy in July 2024, I've had total profits of ~$14,300 after paying ~$2735 in commissions. I just switched to using Tradier for this strategy in May, so most of the commissions are from IB. I'm pretty happy with it overall. Maybe I should have not overemphasized the commission difference in my prior post because if you can't use a cheaper brokerage, the results have still been pretty good with IB

So you gave up almost 20% of the profits, but still made over 70% in just one year even with not the best broker.. not bad.. over 14 years of subscription fee. 

[Yowster]

@greenspan76 your comment about your experiences with IB commissions on the TLT trades made me look at my commissions for every 15-lot TLT fly this year.  As you know IB commissions vary, but my range across all of those trades was a low of ~$0.35 and a high of ~$1.05 per contract (with only two trades of paying $1.00+).   The average across all those trades was ~$0.60 per contract, so much lower than what you have observed.   At that $0.60 rate the total commission to both open and close the trade was $4.80 for each fly (4 legs on open and close) - and with each fly typically costing ~$200 that commission is 2.4%.    Ideally, I'd like under 1% impact per trade, but these are 4 leg trades so while not ideal the commission impact is bearable.  Of course if you can lower fees and the same fills with another broker then that is better.   The question is why your IB commissions are so much higher than mine, I have nothing special or out of the ordinary tied to my IB account.

[Canuck_Dave]

@Yowster @greenspan76 here are my YTD trades in SY for TLT ... I use IB as there really is not another brokerage to use in Canada at least for options ..... so yes the comms are high but still making good returns