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Love the first minute of this discussion that is applicable to 99% of people that do not have a 10 million dollar plus account: if you're feeling it just buy long premium and let it ride, let it triple, quadruple or go to zero. Unless you can fire off 10 lots with no hesitation, the downside of short premium positions are absolutely never worth the risk unless you are spending 10 grand plus a month on AWS compute and are constantly modelling your own trades with GPU arrays. Assuming that options pricing reflects "excessive fear" is a guaranteed loser unless you can hold 10 lot plus positions to incredible losses and not bat an eyelash.
Wonderful show. Loved the ending comments and how the best traders think far out. You know the rabbit hole I've been going down and it's a decades long instrument. Reaffirms the thought process anyway and through what lenses to look at it. Great job as always.
Great feature for reviewing the performance of favorite strategies. However, for traders who frequently adjust their trades, the results likely don’t reflect reality, as they don’t account for rolling, adjusting strike prices, or entering trades based on specific criteria like support and resistance, RSI, IVR, or avoiding earnings - all of which can provide an additional edge in real life. On the other hand, this also makes me wonder whether a simple buy-and-hold strategy might be more effective because many trades simply under-perform the simplest strategy.
It uses data at 2:45. So even if you would have closed a trade technically at 1:00 for a profit but the market reversed and your trade was a loss by 2:45 this back test would not catch that win. So it’s basically useless.
I am a citizen of Ukraine and I want to open an account with you. But your program does not provide such an opportunity to citizens of Ukraine. Although American law does not prohibit this. I have an account with another US broker, but I want to trade with Tastytrade. Maybe someday you will give us such an opportunity.
Acquiring stocks could appear simple, but choosing the right stock without a tested plan can be very difficult. My main barrier to growing my $210K portfolio, which I've been working on for a while, is the absence of well-defined entry and exit plans. Any guidance on this would be highly valued.
Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I participate in this? I sincerely aspire to establish a secure financlal future and i'm eager to participate. Who is the driving force behind your success?
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like Judith B. Richards I've worked with her for some years and highly recommend her. Check if she meets your criteria.
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Yes!!! That's exactly his name (Alex Robert) so many people have recommended highly about him and I am just starting with him from Brisbane Australia 🇦🇺
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Yes!!! That's exactly his name (Alex Robert) so many people have recommended highly about him and I am just starting with him from Brisbane Australia 🇦🇺
