tastytrade Review. tastytrade / tastyworks Options Trading DANGER

TastyTrade – why I’m not a fan of tastytrade.com
David Jaffee with BestStockStrategy.com I make around a million dollars a year
by trading stock options you can go to BestStockStrategy.com enter in your email address
and receive over $400 worth of free trading materials and those free
training materials are worth more than almost everybody else’s paid materials
so I know that I recently did a video about why I believe that Kirk Du Plessis
from option alpha doesn’t really make any money and why I think it’s like
borderline fraudulent and scam. I mentioned that he trades ETFs, he
trades iron flies I just don’t think that he makes money or if he does it’s
like a really small amount I think that most of his students especially those
who have account sizes of under like $20,000 or $30,000 dollars I think that none of them are profitable or an extremely small
percentage. Tastytrade is a little bit different. I’ve spoken to both Tom Sosnoff and Tony Battista and I respect them tremendously. Tom Sosnoff is
probably worth, I don’t know $200 MILLION million dollars which you know I respect
that and I’m really happy and proud for him because he’s built up businesses
and he’s probably around like sixty years of age and he built up businesses
when he was like in his 40s so I have a lot of respect for him. And Tony as well. You know when I emailed them they email me back within like 24 hours they’re
fantastic. The only thing is, and I definitely do not think that tastytrade
in any way is a scam, so for the people who are putting out information, besides
myself (and obviously you guys are gonna think that I’m like a little bit biased)
but besides myself there is only one in a half other good resources for you
tastytrade is that one and the half is option alpha where I think that the
production value on his videos are pretty good I think that his strategy is
kind of like shitty I don’t think you’re gonna make
money because I don’t think he makes any money but tastytrade is really good they
have they have incredible videos that you can learn I I definitely think that
if you follow tastytrade and you don’t follow me then your 100% certainty
you’re not maximizing your gains and you’re also increasing the probability
of losses so I think that if you try to save money and not subscribe to the
alerts or take my education course I can almost guarantee you that you’re gonna
end up costing yourself around ten or twenty times as much money as those
programs cost you but I definitely think that you know if you watch my videos and
you watch someone tastytrade then you have a really good understanding of the
overall strategy but remember you have to make really good decisions. My problems with tastytrade (tastytrade.com) are the following: 1) You’re taking way too
much risk primarily because they encourage people to trade small and
trade often my problem with that is it often leads to you
having a lot of small positions on in a numerous amount of underlyings but all
the underlyings aren’t the same so what Tom and Tony doing what they encourage
is that they tell you to look for underlyings that have very high IV rank
so when you scan for IV rank you’re not necessarily discerning between a Tesla
which like two weeks ago was at $420 and then like a week later who’s down to
like $260 and then it jumped back up to 320 and now it’s back to around 260
again or like you know or another stock like all they’re telling you to do is
not make any discernment between the underlying that you trade whether it’s
Snapchat (SNAP) or Twitter etc and all they care about is high implied volatility and
maximize the amount of premium that you receive but I’m telling you, with
absolute certainty, that you should care about the underlying that you’re trading.
There’s a huge difference between SNAP and Facebook right there’s a reason
why Snap is losing the the number of people or the average you know an
average user per month the amount of time that they spend on it whereas
Facebook with the instant Instagram platform is gaining users and gaining
market share if you’re trading a Twitter it’s almost like trading I wouldn’t
necessarily say it’s like MySpace but those are
those aren’t the best examples but the point is you should care about the
underlyings that you’re trading and I can tell you on numerous occasions where
I’ve listened to their podcast where Tom has actually lost track of some of his
underlyings I know that you can say well yeah like he’s producing a show he’s
producing hours of content he’s running a company okay that’s great but for you
you care about maximizing your gains in making money if you have a ten thousand
dollar account a new scan based upon IV Rank and you’re trading something like a Wynn
Resorts which is trading it like 180 I bet you that when when was trading at
150 it had really high IV so what would you do you would then sell a 140 put as
tastytrade would tell you or 145 put or actually tastytrade they tell you to
trade straddle so you would sell a 150 put now win is out like 123 what are you
gonna do like why would you even trade something like that when it’s not a
leading sector it’s not a market leader in its space I mean they just make no
discernment or they do not distinguish between market leaders and the quality
of the underlying and with your money you should definitely care about only
being involved in the most liquid the largest and the best underlyings
all right I know that they that they definitely discern upon based upon
liquidity I get that but they trade way too many underlines and there have been
numerous occasions where Tom has even admitted on his show that he has lost
track of his underlines and he just simply wasn’t paying attention to it and
the reason is because he treats wait too many securities it probably has
positions on like 50 or 70 securities at a time I don’t care if his account size
is 200 million a – 5 million I have positions on five or six securities at
one time he has positions on 70 the other thing is they’re very biased
towards having a negative Delta so a negative Delta means that if you’re that
you would be short calls at all time you would automatically hedge your position
against the market falling very precipitously like it did in February of
2018 and I completely disagree with the strategy because I definitely
think that it you you are sacrificing around 20% of your gains every single
year and look I get it all right there the
market is definitely going to correct and even if I make in extra twenty
percent a year for ten years and then we have a crash like happened in you know
the Great Recession in 2008 if I end up losing 30 percent of my entire portfolio
yeah and that’s not gonna happen but if I do end up losing 30 percent of my
portfolio during that crash then I would be much better off making an incremental
twenty percent a year for ten years then I would have by breaking even with that
by having that negative Delta and not not losing that thirty percent of my
total account size because effectively when you earn like 20 percent a year
extra you’re effectively doubling your account size every single three three
and a half years so if at the end of ten years I lose thirty percent on the total
my total principal in my total look total account size is so much larger
because I do not have that negative Delta bias which is acting as an anchor
that is dragging and holding me back from maximizing my returns so like I
said I definitely think that they have way too much risk because they’re
telling you that you have to trade a lot more underlyings they’re also they have
short Delta the other thing is they encourage you to trade straddles and
strangles and I can’t tell you how bad of an idea this is right now one good
thing about tastytrade is they don’t really encourage you to trade verticals
which i think is great because verticals take away your premium and Tom I think
he says that about sixty to seventy percent of his positions tend to be
naked positions which I agree with I definitely don’t believe that vertical
credit spreads are the way to go I think that encourages people to increase their
size it decreases the amount of premium and it also takes away a lot of your
flexibility because you can’t roll and manage that position but at the same
time they do encourage you to trade straddles and strangles and from my
experience the probability that the call side of those Strauss’s triangles
tested is about two or three times more than the put side and also when you
trade a straddle you are selling of at the money call which you have a very
high likelihood of that getting getting tested and conveniently they own tasty
work so they just say hey no problem just roll up the untested side but who
has time for that a lot of you guys are working full time you’re working on your
side hustle you don’t want to sell and at the money straddle and then even if
you close it out for 25% we’re only collecting 25% of the max of the total
amount of premium you don’t want to have to make endless amount of adjustments
and chase that security I mean tom has numerous positions which are
substantially underwater and I can guarantee you that most of those are
because he sold straddles right and most of those are because he’s trading
securities that at that moment have high implied volatility and he was looking
for a volatility contraction and he just decided to make a trade and collect
premium and now he’s paying the price for it do I think that Tom makes money
in the stock market 100% do I think that Kirk du Plessis is from option alpha comm makes
money in the stock market I’m not sure about that but do I think that the
tastytrade strategy is the best strategy that people should have I definitely do
not believe that and it’s funny because I often times get emails from people and
they’re like oh they’ll talk about like theta and Vega and high implied
volatility like I don’t know if they’re trying to impress me or I don’t I just
don’t get it but the fact is that show me your returns like I think that you’re
focusing on shit that is just completely not important right like the fact is
that you should care about the amount of premium that you’re receiving for doing
a trade and for making good decisions so the high IV and the days to expiration
and all of that other extraneous information is factored into the price
that you are receiving and the price that you’re collecting and the amount of
premium that you’re collecting at that specific moment from making the trade
right so you can look at high implied volatility (IV) you look at everything else you can factor
everything else into the equation but you don’t even have to look at it
because you simply have to make a decision when you make that trade and
ask yourself am I being compensated for the risk I’m taking if I sell this put
in Facebook with an expiration of six weeks out do I feel comfortable
receiving two and a half dollars worth of premium for selling that 145 put for
the amount of risk that I’m taking that’s the only question that you should
ask yourself not oh well the implied volatility in Facebook right now is
seventy and the implied volatility rank and Micron and Intel is 76 so even though I
think that I would be better off by going with Facebook you know this has
higher IV so I’m gonna trade this security that’s not the way that you
should trade it if you really want to make money right you definitely
straighten sell straddles and you definitely especially in a bull market
should not sell calls I don’t care if it’s maximizing your if it’s gonna
maximize your capital efficiency because those calls are gonna end up getting
testing they’re gonna have to make adjustments and you might actually have
to end up increasing the number of puts that you have in order to increase the
strike price of the call that you sold in order to make sure that that call
does not become even more in the money so if you really want to make money you
should follow tastytrade but if you want to maximize your profits you should go
to BestStockStrategy.com and enter in your email and also become an alerts member and you
can also subscribe to our education course it’s the best education course
available it doesn’t overwhelm you with extraneous information it doesn’t
require you to log into your account and scan underlyings four or five times a
day it doesn’t require you to do this bullshit where you’re selling like kirk
Du Plessis from option alpha tells you I am butterflies and selling straddles
that are spreads and you have to log in and make like tons of adjustments and
the same thing with tastytrade they encourage you to make a ton of
adjustments because when you’re selling straddles you will have to make
adjustments alright and that’s annoying that’s gonna increase your
commissions which is great for tasty works but you don’t want to log into
your account multiple times and incur that stress because when you have a
losing position you think about it on the weekends when you have a big losing
position it stops you from being able to get a good night’s sleep you do not want
to get into the habit of selling premium only to have to make adjustments later
on let me repeat that you do not want to get in the habit of
selling premium only to have an expectation that you will have to make
an adjustment at a later date it’s not a good strategy it’s gonna increase your
stress and do decrease your profitability all right let me just make
sure that I hit everything that I wrote down so too much risk I definitely agree
with that because they’re encouraging you to sell straddles and strangles and
I do not like selling call so though thankfully with tastyworks and tasty
trade they don’t encourage you to sell on ETS that much they do encourage more
so on specific underlyings which is great which is one of the big knocks
that I have on Kirk du Plessis from option alpha where I did I think all right I’m not
gonna say it’s a scam I just think that he doesn’t make any money and that
people following option alpha don’t make any money. He has short delta for
for tasty trade which decreases the returns by about 20% a year which I
definitely don’t agree with I think that you’re way better off just trading the
long side is when you’re in a bull market and then if you want to switch to
the short side that’s totally cool. Hey I need over a hundred thousand dollars in
February of 2018 by selling calls on Amazon in February
March I made a lot of money because I sold calls on Amazon why because the
market shifted and the market was bear I’m not trying to predict future price
movements if the market is bear I’m gonna sell calls no problem but I don’t
want to consistently sell calls and how that act is a drag against my returns
too many underlines I’ve mentioned on numerous occasions that Tom himself has
lost track of the underlyings and that’s led to some problems and when you have a
small account you can’t afford to take those losses
another thing we tastyworks is there are exchange fees that they pass through
to people are like six higher than I pay with Etrade (E*trade) so I
don’t know what’s going on like they tell you hey it’s only like ten dollars
of leg maximum but then I think they also charge you like 20 cents per
contract in exchange fees I mean to me that’s just crazy like I spent 10 cents
per contract with each tree and my exchange fees I think are like one cent
per contract so even if even if I sold a hundred contracts with tastyworks it
would actually cost me a lot more even though it capped it at ten dollars
I would pay an incremental twenty dollars in exchange fees whereas with
whereas with etrade (e*trade) I would actually pay a lot less how to end up paying
around so I so let’s say if I sold twenty twenty-five hold one hundred
contracts but tastyworks there will be ten dollars plus like twenty dollars an
exchange piece that’s like thirty dollars and with Etrade (e*trade) I spend
around 8.50 cents on a base and then one and then ten cents in particular meant
to contract with one cent per exchange fee so right there you’re looking at
eighteen dollars and fifty cents plus an incremental $1 for you know for the
exchange fees so it’s a difference of like thirty dollars for tastyworks in
nineteen dollars and fifty cents for etrade (e*trade) so even though they tell you
that there are a really low cost broker they nail you with the exchange fees and
they’re just way more expensive than what I pay with etrade (E*trade) the other
thing is they trade they encourage me to make way too many adjustments, their
commissions like I said when you factor in the exchange fees are way too much
and also, as I said, Tom has lost track of positions which I believe is a little
bit negligent but I do want to tell you that I highly recommend that you follow
tastytrade and tastyworks a lot of my students use tastyworks and I’m not
really a fan of it because I think that the visual ui/ux and the visual
interface is like very annoying it’s extremely slow for me to enter in trades
but I a lot of my students they use tastytrade and tastyworks and I have
hundred times think that it’s better than RobinHood right like it’s not a
good comparison alright I definitely think that tastyworks is infinitely
better than RobinHood so I highly recommend tastyworks as a platform if you have anywhere from like five or ten thousand dollars
and I can link you to the blog post that I made about how to choose the best the
best online brokerage but um you know those are the problems that I have with
tastytrade and Casey works and I definitely think that you’re costing
yourself money by just watching these videos and watching tastytrade videos or
watch or listening to tastytrade and not being an alerts member and an alert
subscriber or purchasing the education course and hey look I don’t want to
spend five hundred ninety nine dollars for education either I’d rather get
everything for free I don’t want to follow someone and pay them $349 I can
do it myself hey if you want to think like that if
you think that you’re a better trader than me and you make better decisions
then God blessed you and more power to you but I can guarantee you that you are
not the better trader and you are in your substantially hampering and
hindering your returns by not being an alerts subscriber because you are trying
to be penny wise and pound foolish you’re sacrificing and not maximizing
your returns and you’re also increasing your risk because you’re trading in ways
that are not the best strategy in order to maximize your profits David Jaffee
from BestStockStrategy.com you can go to BestStockStrategy.com enter in your email and
receive over $400 worth of free trading materials. Please like share comment and
subscribe to this video like I said I’m a big fan of Tom Sosnoff and Tony Battista I definitely
believe that tastytrade is comparable to myself and that is your only legitimate
education platform out there I don’t think that option alpha is legitimate I
definitely think that like Sky View trading is a complete scam and complete
fraud and everyone else I mean but they’re just not even like in the
question but yeah if you want to like watch tastytrade videos then do it
option alpha they do have some high production value and I don’t think that
that sky view trading actually makes trades you know I look like I just don’t
think that they trade at all I think they have great marketing but I don’t
think that they trade but yeah you know there is a ton of and a wealth of
information out there but my main point is that I don’t believe that the
tastytrade methodology and tastytrade strategy is
in your best interest if you want to maximize your profits and minimize your
mistakes and I definitely think especially for what my students tell me
and the reason why they pay me every single month is if you want to maximize
your returns and minimize your mistakes and you should sign up and become a
member of BestStockStrategy.com thank you for watching and if you have
any questions let me know

100 thoughts on “tastytrade Review. tastytrade / tastyworks Options Trading DANGER

  1. The basic problem with Tasty Trade is lots of small gains with risk of big losses. Bound to get caught. Not what the real money makers do. They are arms of a brokerage who want lots of trades. Trade Trade Trade. The big money is made in short time frames which no one can predict. Use options to nurture a baby trade and then protect it with Puts. Never hold onto a losing trade. Trend trading.

  2. Tasty Trade is A1 and Absolutely Free. Option Alpha is confusing and you cannot make head or tail of what he's saying. Tom Sosnoff and Tony Batista are great in their 10-minute shows explaining about Options. Except Tom reads off a chart and does not stop to explain, so as you go forward and watch about 200 of their videos, you will start understanding the language of Options. I watch Tasty Trade whenever I can. True their teaching has limitations and cannot cover every aspect of their trades.

  3. your hair already tells me you are really million dollar running account, lol keep it up

  4. COULD YOU ADD YOUR OPINION OF SHERIDANTV? Dan Sheridan appears helpful and knowledgeable. I mainly watch Dan, along with Tom and Tony. Thanks for your vid!!!!

  5. How do you get $0.10 per contract with Etrade? Their going rate as advertised is $0.75/contract and $0.50/ contract for frequent trading (30 trades/quarter). Is it some privately negotiated deal based on account size and/or trade frequency, or something other, which perhaps is not available to vast majority of their clients? I have both an Etrade and Tasty works account. I do notice the disparity in regulatory fees as you mentioned (although I'm not sure as much as you claim), but I don't see where you come up with $0.10/contract? Even so, Tasty works doesn't charge commission on closing trades. Unless some special deal with Etrade that affords you to pay so little, Tasty works I found is considerably cost effective than Etrade, or other major discount brokerages that I'm aware of.

  6. this guy is spot on. TT is an amazing education tool. I have learned so much. I can 100% tell you I have tried trading the way that TT prescribes and it is a losing trade. The reason is because of the discernment that this guys speaks of. The overall short bias and disbelief that news means anything is just crazy. I think TT is extremely useful, I love the platform and I enjoy their productions immensely. There trading style is not one that I can continue to use though. You need to learn, find your own way and understand the trend. Trying to fight the trend all the time just makes no sense. I still love TT and am a loyal customer.

  7. OA is full of a bunch of resources – it's where I went when I first learned options a few years back. The free content is straight. No need to buy ANY courses. Just Google and get your knowledge for free. You can trade only on probability and statistics. You can also trade on FA. In the end, it's up to you and whatever fits your trading style. Just think for yourself and quit following blindly.

    Best option resource for free: https://www.barchart.com/options

  8. If you are reading this watch Market Measures! All of them. IV rank is the risk gauge. Leaning toward a negative delta is due to put skew and the bull market.
    I do agree know your instrument. However there is alot of information left out of this video.

  9. I follow the Tastytrade strategy of selling mostly strangles. In 2018 my return on invested capital was 31.2%. That's in spite of the draw down in December.

    But I do agree with you regarding only trading leading, highly liquid underlyings such as FB or AAPL etc. I don't just trade anything for the sake of having on as many positions as possible.

    Last, I don't think it's prudent to lift yourself and your program up by criticizing others who are not here to defend themselves.

  10. Actually, Tastytrade’s first metric is liquidity. TSLA is not liquid and therefore, is barely traded by Tom and/or his colleagues.

  11. You’re missing the point. Portfolio makes theta $$ every day while you chase losers all year to break even. At the end of the year, you are way up

  12. Enter 7R6QHPKFNC as the referral code for tastyworks & Receive a FREE WEEK OF TRADE ALERTS Email me once you added 7R6QHPKFNC as the referral code to be added to the trade alerts.

  13. Why would you lose money if the market crashes? Good traders make their best money in down markets. Thank you for this video.

  14. They post all their trades so not sure what's the grey areas. Why is it if someone doesn't agree with something they gotta bash it like it's doing them wrong? To ne it sounds like your not fully understanding their way of trading so it must be wrong right? I haven't lost any money since 2016 with tastytrade. I started with 250.00 expecting to lose it. My margin account was cleared today so I know their advise works. You have to know what your doing an take advise like a grain of salt. Too many traders expect a hand on every trade. Just listen to Jim cramers callers. They all don't know what to do with their own positions. Crazy

  15. What do u think of Liz and Jenny IRA segments for example? That is a totally different show and trading style

  16. not even a dumbass would jump in and follow Tom's trades on a 10,000 account. Why are you only talking about Tom on tastytrade? They all have vastly different styles

  17. Thank you for your video. You kept me from purchasing Warrior Trader and I will always appreciate you for that!!!!! Love this video. My partner likes Tasty, I will be sending her this video.

  18. I'm a trade alerts member. Thank you! i love how in-depth your alerts are.

  19. I love your videos, I found you 2 weeks ago and have been binge-watching

  20. If I have over $200,000, what trading broker do you recommend?

  21. Like your straight forward advice … Do you primarily sell put and call options? I don't believe I can sell options with a small account….Please advise. Thank you!

  22. Tastytrade never said just pick any stock with high IV to trade. They clearly said create your watchlist of liquid stocks and then trade them based on IV rank

  23. I'm not sure why you bash OptionAlpha as a scam while saying TastyTrade is good because they basically trade the exact same system/style. I've watched every video and read everything available on OA and most of TT as well. It's the exact same thing mostly except Kirk seems to like Iron Butterflies a lot in high IVR environments.

  24. So I don't understand, you are speaking against most of the strategies recommended by Tom and yet you are giving out a referral code for tastyworks? How does this work? Are you selling a paid subscription service and alerts and providing free education. Tom does provide free education and a lot of excellent content and it is for the users to follow as they deem fit and based on their risk appetite…. He also provides a lot of evidence to prove his theories which I love. There is no guarantee in trading and nobody has a holy grail…

  25. Great review 👍🏽 Been following your lessons thanks. And yes agreed tastytrade great education however too many underlying positions. To confirm you are promoting a strategy that limits the use of adjustments? To 🎯 ⬆️ probabilities with ⬇️ returns?

  26. You advocate selling naked puts. Does that cause you to lose alot of money if the stock crash below your strike price the next day?

  27. Hey, I want to get your trade alerts but I was wondering how big my account should be first. Please note I don’t have lots of capital

  28. Tom makes money as a business man. His trading has been underwater for years. Short ES at 1550. Accounts are TT accounts. They are taking zero risk. Got 25 mill from investment. Could be a demo account.

  29. You’re missing a lot. Watch every market measures on tastytrade for their back testing data. Entering, managing, allocation, diversification, and exiting is where the edge is. They’ve nailed it.

    Learn everything from everyone. Pick the best.

  30. Moral of the story.. traders need to learn how to make their own decisions instead of just depending on others’ “recommendations”. Learn how to trade the right way then make your own decisions. No one achieves greatness by only following

  31. I tried listening to TT a couple years ago, but they talk too fast for me to learn anything. It definitely wasn't for me. Good video. A little incongruent, however, to say that you like them, but disagree with their trading methodology and don't like their expensive trading platform. Why recommend them if you don't agree with how they trade? It's OK not to like TT.

  32. Can you do a review on Timothy Sykes. He seems like he might be the best at selling trading programs. He was even featured on TV shows like Below Deck.

  33. I like your videos but your course is expensive for me. keep the great videos up !

  34. This is spot on. I've been trading the TT way for the past 3 years and have never had a net positive year. The Call side gets breached ALL THE TIME. Their method simply doesn't work. Tom and Tony are scalping futures to hedge their equity positions and you really don't get insight into that. Many people on their own show have blown out their accounts on the air, including Tom's daughter. Selling Iron Condors in the market we've had the past 10 years is not a winning strategy nor is selling Strangles at 16 or 30 delta. Again, the Call side gets tested constantly. I've been coming to realizations on my own recently that this channel is talking about. Why are we selling delta neutral Strangles, constantly rolling, going inverted, etc when selling a Put makes a hell of a lot more sense? Anyone who has tried using TT method's for any amount of time know what David is saying here is 100% correct.

  35. There is a video on backtesting TT credit strategy by SJ options. You will blow up the account eventually. It is just a matter of time.

  36. Long run you cannot go wrong by mutual funds, TT is a bunch of BS, majority of employees use house money, none would ever use their own money, it is all high risk also risking a ton to make small basically chasing favorite , they want you to trade a lot and roll to make money on commissions , in the end you get buried period.

  37. The guys at Tastytrade taught me how to understand volatility. They have the best education program and it is FREE which is unbelievable. If you trade options Tastyworks is the way to go!! Btw I agree with the creator of this video that picking good underlying stocks has really helped my P&L. When I went from trading 20 to 4-5 underlying stocks and my number of winning trades almost doubled.

  38. You've earned a new subscriber. I always wondered about tastytrade

  39. Tastytrade wants people to trade often so that people pay more to tastyworks

  40. Tastytrade wants people to trade often so that people pay more to tastyworks

  41. i dont know who is doing your marketing but screw him and screw you for your pop up advert

  42. woah….. huge pump. "if you don't listen to me then you gonna loose money"

  43. Much respect David, I signed up for your Options Education Course and it exceeded my expectations

  44. You're the best options trading teacher. very honest and no bullsh*t

  45. Thanks for this. It's interesting how you don't trade often yet tastytrade tells everyone to 'trade often'

  46. I think they want people to trade often because they own tastyworks which is their broker

  47. Improve your sound quality please and you'll definitely be one of the top options trading teachers on YouTube

  48. I respect your intent and integrity and am seriously considering having you teach me how to trade options

  49. Hi David. excellent video. Yes, I wonder why Tastytrade makes it seem like rolling and managing positions is easy and not stressful.

  50. Do you know why tastytrade preaches the importance of collecting premium and 'being the casino' yet also promotes including futures trading?

  51. "Trade small, trade often" = more commission for Twrks Is there any proof that Tom can even beat the S & P with dividends reinvested over time with his own trading? I realize Tom probably doesn't incur as big as drawdown as the S & P in a bear market, but he probably still underperforms the S & P over time. (until proven otherwise) Just because he made a lot of money in his businesses doesn't mean he has a trading system that beats the S & P over time.

  52. People can have an account with Tasty Trade without taking their advice, yes?

  53. Is there a paper trading account you recommend for beginners who want to try selling naked options?

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