Real P&L Course Review: Is Karl Domm?
Real P&L Course Review

Real P&L Course Review. Is Karl Domm Legit?

Real P&L Course Review: Is Karl Domm?

Discover when Karl Domm and Real P&L options trading course is legitimate. Learn the pros and cons.

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Course Provider Name: Real P&L

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David Jaffee Reviews Real P&L Options Trading and Karl Domm

Real P&L and Karl Domm review from David Jaffee.

I first became aware of Karl Domm after reviewing his YouTube channel

Karl used to do extensive reviews of other instructor's trading courses, sharing the pros and cons of various systems.

One of his more popular reviews was from Markus Heitkoetter from Rockwell Trading Services.

When Karl launched his own options trading course, David Jaffee knew he had to review Karl's options trading strategy for himself.

Keep reading to learn David Jaffee's thoughts on Karl Domm’s options trading courses and trade alerts. 

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Who is Karl Domm and the Real P&L Channel?

Karl Domm is the host of the Real P&L YouTube channel, with numerous courses and trade alerts.

Domm has owned several businesses, and he has traded options online for more than 20 years.

Karl Domm and David Jaffee trade pretty similarly.

The big differences are that Domm tends to only trade indices, and he's also non-directional in his trading and also doesn't use discretion when trading (all rule-based).

Is Karl Domm and Real P&L Options Trading Legitimate?

Karl Domm is definitely legitimate and he's not a scam. Karl Domm's Options Trading Courses presents Karl’s extensive knowledge and experience in an easy-to-follow options trading course.

Karl Domm backtested around 300 options trading strategies and now shares the options trading strategy with the highest risk-adjusted return that is also very simple to execute.

When reviewing Karl Domm’s Premier Level 5 Program, David Jaffee noticed immediately that Domm encourages his students to trade the SPX index option.

David Jaffee prefers trading individual both indices and individual underlyings but trading just one product makes things simpler and easier.

Additionally, with SPX you have tremendous amount of liquidity, 1256 tax advantaged status (for US residents), and the choice of more options expirations than individual underlyings.

The simplicity of Karl Domm’s course is another advantage. David Jaffee also encourages his own students to reduce the number of securities on their watch list.

When students open trades on high-risk securities, it can lead to substantial losses and stress. By paring down and focusing on SPX, Karl Domm reduces the risk of opening positions in problematic positions.

Another important factor that sets Karl Domm apart from other options trading “gurus” and coaches is that he shows his real trading statement (his real profit and loss statement). Very few people in the industry do that, choosing instead to fudge numbers or mislead students.

At one point, Domm shared his P&L every day. Now, he shares his P&L on a monthly basis.

Karl Domm implements hedging into his trading plan. He does this by purchasing options on the SPX to mitigate tail risk. This enabled him to be profitable in 2022 when the market was down around 20%.

David Jaffee utilizes hedging as well. It's very important to hedge your positions if your goal is to be consistently profitable in all market environments.

Besides David Jaffee and, Domm is one of the few options traders who shares his legitimate P&L with full transparency.

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What results can you expect with Karl Domm and Real P&L?

While Karl Domm seems like a genuine guy with a good intent, it doesn't mean anything if his options trading strategy is unsuccessful.

The Premier Level 5 performs about as well as the S&P 500 with lower volatility (so less risk-adjusted returns).

If you follow his course, you are targeting a similar return to the S&P with a maximum draw down of about 5%.

In general, you'll experience about 25% of the volatility risk, when compared to the S&P.

Karl Domm's strategies tend to underperform during bull markets. For example, in 2023, his trading system underperformed the S&P.

Additionally, when interest rates drop, it's possible that, during a bull market, his system may not keep up with the S&P.

However, the beauty of his trading system is that it protects you from large volatility swings and provides a high risk-adjusted return.

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Final Thoughts on the Real P&L Options Trading Course

Overall, David Jaffee found Karl Domm’s options trading course to be very impressive.

His trading strategy is incredibly simple, taking only five to 10 minutes per day.

Karl Domm walks you through a thorough checklist that is easy to set up, execute and follow (the trading system is non-directional and there are non-discretionary, meaning that it's rules based).

In essence, you put on a few trades and wait. Once a trade is executed, you immediately put in a closing order at your defined profit target.

From there, you rinse and repeat, doing the same process again.

One of the only drawbacks of this system is that it is not a particularly “sexy system.” If you like to be very active, it is possible that this course is not for you.

You will only make a trade about once every two weeks. You will not earn 40% to 50% per year, but you should keep up with the S&P 500 with substantially less risk.

The Premier Level 5 Options Trading Program is also very effective when used in conjunction with David Jaffee’s online options trading course at

Karl Domm is one of the few people who shows his P&L, making him more trustworthy than many of the popular “gurus” today.

His course is a great value for the content provided. You will also gain access to additional resources, including Karl Domm’s book and audiobook.

Domm is also very responsive, answering emails and questions from students in a timely manner.

Thanks for reading the Real P&L review.

You can enroll in Karl Domm's Real P&L options trading strategy course here:

Enroll in the Five Step Options Trading Success Program today.

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Frequently Asked Questions (FAQs)

Is Karl Domm legitimate?

Karl Domm is an options trader and he is definitely legitimate, with over 20 years of options trading experience.

Review of Karl Domm's Premier Level 5 and synthetic dragon options trading

Karl Domm's trading system reduces portfolio volatility by buying options in the SPX to take advantage of the large volatility expansion that occurs during market crashes and selloffs.

By trading the premier level 5 and synthetic dragon options trading system, you should be able to meet the returns of the S&P 500 while mitigating portfolio volatility and risk.

Review Karl Domm safe wheel strategy

Karl Domm's safe wheel strategy allows you to manage your downside risk while achieving solid returns.

Review Karl Domm's Premier Level 5 trading course

Karl Domm's Premier Level 5 course is solid. It allows you to be profitable during bear markets. During bull markets there is may be underperformance (relative to the S&P), due to purchasing the long puts as hedges, but it's a great strategy to reduce portfolio volatility.

About the Author David Jaffee

I (David Jaffee) help people become consistently profitable traders while minimizing risk. I graduated from an Ivy League University and worked at some of Wall Street's most successful investment banks. Subscribe to my YouTube channel for valuable videos - BestStockStrategy YouTube Channel​. Finally, if you're looking to Land a Finance Job, then I've put together the best step-by-step course at My personal website is

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