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SEC Complaint Against 'Supertrader' Karen Looks Like Mini-Madoff
Started:June 8th, 2016 (04:46 PM) by Cloudy Views / Replies:2,171 / 21
Last Reply:June 16th, 2016 (03:21 AM) Attachments:0

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SEC Complaint Against 'Supertrader' Karen Looks Like Mini-Madoff

Old June 13th, 2016, 10:09 AM   #21 (permalink)
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boxi View Post
When I first saw the interview with her few years ago an immediate thought was "another Niederhoffer" that will blow up soon, yet the smart hosts at TastyTrade were so enthusiastic about her. Now, few years later the blow up story shows up.

If something looks too good to be true than most likely it is.

In trading business if it sounds too good to be true then it is probably too good to be true.

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Old June 16th, 2016, 03:21 AM   #22 (permalink)
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mattz View Post
Whether you have a smooth equity curve or not, you need to look at the underlying strategy of the CTA, because that may reveal the "Black Swan" risk component that could potentially affect the program in the long run.

Good point. The most classic one is when a CTA smoothens his equity curve with short vol that has nothing to do with the strategy that he/she is marketing. I think of it as sesame oil, a bit of it tastes good, just a little more and it ruins the dish - and when you aren't sure if you have a deadly allergy, you really need to know if it's in your dish.

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