Karen $100,000 to
$41 Million in 4 years
… this is a very interesting interview but only
more interesting when you know that the man interviewing him is just as big a
success story – Tom Sosnoff, the man behind Thinkorswim..
The first time I met Tom was in Chicago . I had taken a vacation day from work and driven to the Trading Show in Chicago
with a good friend of mine. Tom was at this booth called Thinkorswim, wearing
this beret type hat. If you don’t know Thinkorswim, you are probably not alone;
but if you are an options trader, you will most likely say that it is the best
options trading platform plus much more today.
Thinkorswim was purchased from Tom Sosnoff by TD Ameritrade,
who finally did the smart thing – buy a top quality platform, recognizing they
could never create anything like it. Yes – I like TOS (Thinkorswim) as most
people familiar with it call it. TOS is not as cheap as Interactive Brokers or
Tradestation; so be wary about that, but otherwise, it is fantastic. It does everything
except make you money – for that you need someone like Karen the Supertrader.
Click on the link above and hear Tom’s interview with Karen.
Karen took her $100,000 in savings that she had with her
Merrill broker and started trading it. She had spent some hard years working at
her full time job while learning to trade options and stocks with the $22,000
“PhD” class offered by Investools,. She says the classes took her 1 ½ years to
complete but it piqued her interest. She had her “Ahaa’ moment and went out and
left her job, to trade full time. In 2007 – 2008 she made her $100K turn into
$150K. That attracted interest from friends and the account grew to $700K. She
started two funds and in a few years had taken the $700K she had from others
and her own money to $41 Million!!! Wow!
And she has not stopped there. I am not sure of this but I believe she
is past $160 million now. She has 6 people working for her.…
So how did she do it? Listen to the interview. It is not quick or easy ….”It is like learning a craft. It takes years” as Karen says in her interview. She had her breakthrough when she stopped trading stocks. She instead shorted premium on far out options. I can only imagine the risks she took and would love to know exactly how she handled the flash crash… she has been tested. She has very few drawdowns but I expect they are huge. Still, she tells you how she worked hard at learning her craft even while pulling a full time job, as she traded in the evenings and night while she learned. Most of us have ‘other priorities” – family; friends and so on. In order to be great, sacrifices have to be made. Karen has certainly shown us it can be done and by a 50+ year old retail “Supertrader”.
So how did she do it? Listen to the interview. It is not quick or easy ….”It is like learning a craft. It takes years” as Karen says in her interview. She had her breakthrough when she stopped trading stocks. She instead shorted premium on far out options. I can only imagine the risks she took and would love to know exactly how she handled the flash crash… she has been tested. She has very few drawdowns but I expect they are huge. Still, she tells you how she worked hard at learning her craft even while pulling a full time job, as she traded in the evenings and night while she learned. Most of us have ‘other priorities” – family; friends and so on. In order to be great, sacrifices have to be made. Karen has certainly shown us it can be done and by a 50+ year old retail “Supertrader”.
what is her last name. What is her fund. I want to invest in it?
ReplyDeleteDon
dmahoney@thevictorygroup.net
Don, You will need to do the search. I promote independence and learning to trade yourself. People who make lots of money usually take lots of risks; but there are exceptions ... be cautious. Still, her record is very impressive and I understand your wanting to invest with her.
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