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I didn't realise that I learned so much rubbish stuff until I watched this video. Thank you Tom for your great content which sets a correct direction for us to learn and work towards to. 👍👍👍👍👍
Go ahead sell puts on futures. The first crash next year or 2 years from now you’ll blow up your account and owe the broker money. You’ll get margin called long before put goes itm from iv expansion. Very dangerous to do this. Ask Karen the super trader about blowing up account without your puts even close to the money.
Investors Tastytrade FINRA Complaint Update. After some further investigation, I discovered Tastytrade, is a Trading Platform being ran out of Chicago, Al Capone style, headed by two guys Tom & Tony. They're all over RU-vid pretending to be good guys. The TASTYTRADE Cartel, is a fraud and as my investigation continues it will be exposed for what it really is. They're exploiting black people like myself in more than one way. Even with FINRA involvement they still haven't closed my winning NUGT trades I have on with a GTC. These are not Good Guys at all, luring people to their platform, with trading strategie advice that they don't honor.😎
Two thumbs down 👎🏻👎🏻, content sounds convincing to the untrained ear but holds no merit. The stockmarket doesn't operate on any of this information because the stockmarket is controlled by individuals and data points are just explanations of past & present actions of said individuals. Like Tom the speaker said and should have taken heed, the stockmarket doesn't care what you think you know. 😎
Please recommend one best prop firm you would deal with now & WHY. In traders Prop Accounts is Hedging Allowed(firm names)? Also For Hedged positions Is any margin required after hedging is completed? For open hedged positions carried overnight how is daily loss limit calculated next day of trading?.And thank you.
12:00 so stup!d … yield do go negative, so downside from 35bps is more than 35bps, ie u lose sh!!!!!t load of money ya shorted yield since 2020 happened. Tell ppl to trade = tell them to go financial suicide
RECAP (for the vast majority of you for whom it won't make sense, seek options education. You won't find it in social networks, just a hint). 1. Understand how derivatives strategies work 2. Understand the futures business. "For it drives the securities business". Most amount of leverage, most amount of liquidity. 3. Pairs trading. Understanding the correlation between correlated underlyings (unaudible!). How correlation works, how price divergence works. 4. Trading volatility as a mean reverting value. There is no such thing as mean reversion with respect to price - it is completely subjective. Whence volatility is truly mean reverting : there's a math model behind it. With price, it's just subjective. Understanding that, and looking for opportunities that way, "is kinda neat". 4. Yield curve. Being able to articulate interest rates and the yield curve. Very important :once you get to a certain level, everybody cares about interest rates, and yet very few people can understand them. A young person that can explain widening and tightening of interrest rates and how that yield curve works, "is very impressive". 5. Val orb. The essence behind the entire professional world of finance. Understanding volatility, knowing how it works, and its expected move, and how correlation plays a role with respect to premium and volatility is a special skill, and very few kids have it. 6. Hedging. Knowing that individual stocks, individual underlying, are very difficult to hedge, and probably not worth it. Because the expected move is greater than the realized move, you have to pay the price of that expected move, which means it doesn't work (or it's not worth it). Hedging is a portfolio of things. Understanding essentially that volatility is a measure of fear, is a measure of expected move. As soon as you learn how to take advantage of volatilty, because you understand what it really is - "fascinating stuff". 7. Digital strategies; get what it is. Being able to undertand blockchain, various currencies, just to make you well rounded, informed, (...). 8. Selling premium. It is critical to understand how it works, the logic and the math behind it, because it is the one way to take advantage of outsized volatility. 9. Lastly, basis improvement. The key to long term, scalable, repeatable success.
@@moneybags6840 Ever heard of gratitude and the word Thank You. Learn and practice them more often. They’ll make you a better person and even a better trader.
Me listening to this and thinking about all the great opportunities in stock market during the pandemic and also the slow recoming to normal life where there are more jobs than people can have
@@junal27 I've watched their daily videos a few years ago. From what I remember they over trade. In essence things with high implied volatility they will trade....sometimes products have high implied volatility for a reason.
@@Doc_Ozzo isn’t that the essence of trading premium as a writer? Trading volatility and reducing delta exposure is part of the game, if you master it you make a good money
@@junal27 So, I have been trading and investing consistently for 7 years. I find what is most helpful is to construct the appropriate market narrative. You can use market profile, technicals etc to help you build your narrative. You then trade around this narrative in products you are comfortable with. For me that's QQQ/SPY/TLT and a handful of others (I like the MWF expiration on QQQ/SPY. Selling puts/calls because of high implied volatility alone is not the best approach.
Shadow Trader is a good example of building the appropriate market narrative, I don't copy his trades as I do my own thing. But check out his videos, fairly solid.
He was talking mainly about options, which is completely cryptic without proper education. Options are technical. I see you're far from understanding anything about it.
I didn't get it. Why make a portfolio flat? Isn't there a way to make a pure vol play if that's what you want to do? Otherwise if you want to make it flat, and willing to overlook tax implications, just close all positions. Ah, "flat" in terms of a single underlying, eg delta neutral in terms of SPY. Not delta neutral for all deltas
This is awesome. Thanks for sharing! Indeed, Bull markets makes average people into geniuses. Lol! BTW a great way to visualize volatility and correlations between assets, are the Historical Volatility Percencile (HVP), Hurst Exponent (HE) and Correlation Coefficient (CC) indicators from bapigindicator.com . Fun fact: They're made by Balipour and Pig, two brilliant mathematicians that TradingView turns to, to check their own maths.
I think it's funny that his first point on what he thinks is important to understand, I don't even understand the 2 things he said before that weren't important to him. The scholes model (heard of it) and the math behind the greeks (still working on that one). Really lets you know where you stand among your peers in comprehension.
I'm slowly slowly getting there. Thank God I realised all the many charlatans lurking before I fell for it ( some MFer will reply to this " wow I lost so much $$ before I met X. email him for results! wow!")
