tag:blogger.com,1999:blog-5375291312433129989.post686495352149106129..comments2023-06-03T05:06:58.216-04:00Comments on The Lazy Trader: Trading with realistic expectationsHenrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-5375291312433129989.post-65034779702877232002015-09-25T08:38:53.915-04:002015-09-25T08:38:53.915-04:00Hey Henrik,
True, I need to inquire it further di...Hey Henrik,<br /><br />True, I need to inquire it further directly with him. But at the same time, I wanted to take the opportunity to ask you about it, because you seem to have a lot of experience trading options.<br /><br />By the way, here's his statement:<br />http://www.pro-trading-profits.com/members/servicecalcfc.asp?report_name=steady_options<br />Apparently being tracked with the same service that you use:<br />http://www.pro-trading-profits.com/members/servicecalcfc.asp?report_name=the_lazy_trader<br /><br />Regards,<br />VíctorAnonymoushttps://www.blogger.com/profile/16429905594767000472noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-26327970774690143792015-09-22T11:45:52.647-04:002015-09-22T11:45:52.647-04:00The thing is, I have never been a subscriber of hi...The thing is, I have never been a subscriber of his service so I don't know the particulars on how he would handle extreme situations. His returns look spectacular but I obviously can't tell you whether that is sustainable or not going forward. That's why I suggested that the very hard, the toughest questions should be asked to him.<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-45344274058159542472015-09-22T11:32:19.351-04:002015-09-22T11:32:19.351-04:00I mean... is it realistic at all, expecting to ach...I mean... is it realistic at all, expecting to achieve something like that in a constant basis, for the long-term? Do you find it possible, considering we have that statistical data as a sound proof of someone actually doing it, along with many followers of his service? =OAnonymoushttps://www.blogger.com/profile/16429905594767000472noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-84178625309925659982015-09-22T11:21:10.511-04:002015-09-22T11:21:10.511-04:00This comment has been removed by the author.Anonymoushttps://www.blogger.com/profile/16429905594767000472noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-55955653391137856452015-09-22T11:11:35.325-04:002015-09-22T11:11:35.325-04:00I'm sorry if my question seemed to be repetiti...I'm sorry if my question seemed to be repetition. I was just talking about the possibility of having that kind of returns while trading options as he does, with well-controlled risk.<br /><br /><br />Strategy: Non-Directional strategies (straddles, calendars, Iron Condors etc.).<br />Trades per month: 10-15 plus adjustments.<br />Number of open positions: 4-6 options trades - spreads only.<br />Performance targets: 5-7% monthly net return on the whole account (although they often obtain more than 10%, with very few losing months: no more than 2 per year and much smaller than the winning ones).<br />Maintenance: Fairly high, tailored for active traders.<br />Impact of commissions: About 2% per month.<br /><br />"There are many services that trade exclusively one strategy, like credit spreads. While they might make decent returns 9-10 months per year, 1-3 bad months when the markets make sharp moves can wipe out months of returns... At SteadyOptions, we offer a complete portfolio approach. We use a diversified approach by trading a mix of non-directional market neutral strategies and balancing the portfolio Greeks. In order to hedge our theta positive gamma negative trades (like Condors and Calendars), we will always have gamma positive trades like straddles or strangles".<br /><br /><br />Everything seems logical/achievable and legit... And yes, I have already talked with him. It is supposed to be as I stated... So again, regarding his profits and future potential, what could you tell me about it?... A little insight and informed opinion of yours part would be super valuable :-)<br /><br /><br />Sincerely,<br />VíctorAnonymoushttps://www.blogger.com/profile/16429905594767000472noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-17533015643962993132015-09-22T10:32:14.235-04:002015-09-22T10:32:14.235-04:00Once again, what do I think? Like I said, a legit ...Once again, what do I think? Like I said, a legit trader. That's why I have a permanent link on the left column of this site linking to him, although I don't make a dime from it. It is just to make the good sites stand out in the middle of a sea of garbage that the trading arena is.<br /><br />As for his returns in particular, why not question the man himself directly and stop guessing?<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-50403256445255070032015-09-22T10:27:35.727-04:002015-09-22T10:27:35.727-04:00Henrik,
As far as I know, Kim's track record ...Henrik,<br /><br />As far as I know, Kim's track record shows returns on the whole account. And he always allocates 10% for each trade, hence a 30% winner or loser equals to 3% for the account, and his monthly returns already account that... So in fact what we are seeing, are true returns well over 100% per year (also look at the portfolio value, below in the same link).<br /><br />What do you think?<br /><br />Regards,<br />VíctorAnonymoushttps://www.blogger.com/profile/16429905594767000472noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-62627148766432440342015-09-22T09:22:34.894-04:002015-09-22T09:22:34.894-04:00Hi Victor,
Kim Kleiman is a legit trader with a s...Hi Victor,<br /><br />Kim Kleiman is a legit trader with a solid service. I trust the track record.<br />But, notice that he reports ROI, not portfolio growth. So, you won't see those returns reflected as account growth. If you have a ROI of 200% and you deploy 10% of your account on a play, in reality it is a 20% account growth. For more information on different ways to report performance check out my article http://www.the-lazy-trader.com/2012/11/measuring-portfolios-performance.html<br /><br />Regards,<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-67067001495609764412015-09-22T07:15:34.484-04:002015-09-22T07:15:34.484-04:00Hey Henrik,
What's your opinion about the Ste...Hey Henrik,<br /><br />What's your opinion about the SteadyOptions audited track record up to this day?<br />https://steadyoptions.com/performance<br /><br />Cheers!<br />VíctorAnonymoushttps://www.blogger.com/profile/16429905594767000472noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-60077366491646601262013-11-19T06:45:16.444-05:002013-11-19T06:45:16.444-05:00Yes very true in trading our expectation should be...Yes very true in trading our expectation should be such that which can be achievable in real.lourishttp://www.zforex.co.uknoreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-69839422479342685942012-11-25T08:50:58.329-05:002012-11-25T08:50:58.329-05:00Exactly Robert! You have to be aware of what is re...Exactly Robert! You have to be aware of what is reallistic, so that you dont get affected, or mentally depressed when you dont see your account growing 10% every month. Thanks for the comment!The Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-27240874881545729902012-11-25T02:06:50.444-05:002012-11-25T02:06:50.444-05:00I like this summary and realization what is real a...I like this summary and realization what is real and necessary to be succesful - consistent results.. I made during this year in one month above 10% , but when I didn't make it next month ( but the result was still positive ) , it was for me quite difficult to understand what is happening. I prepared well for this year also with expectations and with real targets (15% p.a.), but results with such a superb values could be also dangerous, when you are not used to achieve it. And it happened, it had for me negative impact in oncoming months than I put up back myself into normal..just my hint from reality :)Roberthttps://www.blogger.com/profile/08700121139910544763noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-8353254246831034122012-11-21T07:55:48.205-05:002012-11-21T07:55:48.205-05:00Thanks LuisThanks LuisThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-9229520248613515162012-11-21T06:14:07.299-05:002012-11-21T06:14:07.299-05:00Very good articleVery good articleLuisnoreply@blogger.com