Even if I could master his trading strategy, I would not do it. Stuck at a computer managing and putting on 30 trades an hour for 6.5 hours each trading day. That is not a strategy or stress I want. Congrats to him for making it work!
Tom. I didn’t understand all of this, I am barely beginning my options trading journey. Based on your reactions, I can tell you were amazed by his responses. Can you make a video summary of this for newbies like me?
Actually most don't know this but, at least one of the most successful hedge fund guys today used to drive a taxi cab before trading. Giy is worth a few billion now 😎 never judge a book....
Man, the way Tom effortlessly understands everything with such fluidity is quite amazing honestly. He deeply understands finance and the markets. It's incredible!
@@JohnHumbert specializing and being a master at one thing doesnt make them smarter than you. If you believe what you just wrote, it makes them more dedicated than you, but not necessarily smarter.
4:50 Rolling the dice 6:30 Compound knowledge 8:50 8-20% Drawdowns 13:00 SPX 18:00 When VIX goes up big 19:00 200k to 1.5M in 2 years? 🤔 23:00 Uber to 0DTEs 😅 27:50 More trades = more money
I agree, but none of Tom's Rising Star guests ever explain in detail what they are doing. They give general explanations that never really make sense on how they can consistently beat the odds. Very sceptical. On the other hand, if I were in Mark's place, would I really want to show my detail strategy. Absolutely not.
@@venician2face What's wrong if people know your strategy? If you trade high volume tickers, you think enough retail traders will copy you to affect the market?
I could be wrong but didn't he say he doesn't close the trades, he just lets them expire? That means he's not making $10 per trade, he's making whatever he put the trade on for.
A lot of people are complaining saying that they want to see more, I’ve been following mark for a little while now and he as many RUclips video some hours longs explaining his trading process and in-depth back testing results, showing the back test vs actual live trading results
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset and knowledge to pull such trades.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 65% rise from early last year to date. I and my advisor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
Elisse Laparche Ewing has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you need an excellent collaboration.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
This strategy is very intriguing! I like 0DTE SPX options and this gives some ideas that could be very useful. Just not looking to make 100 plus trades a day.
Incredible interview. You should invite top 5 traders and ask for common denominator in what they all do. Love these interviews better than most podcast on the internet.
He holds long options 1/2/3/4/5/6/7 days out. Then, current day he starts selling options with delta of 7-20. He is also buying a hedge that costs him very less (Nickel wings) He does this on both sides of the market by putting on a trade every 2 mins i.e he adds a new trade every 2 mins till market closes. This way he gets to average his vol. If the market moves against him, worst case he will cut his positions. His long options usually provide a hedge if the market makes a very big move.
ODTE is SPY or SPX or QQQ that expires at 4:00pm. These contracts have an option dated to expire daily . I trade 0DTEs everyday. It’s the only options I trade . $30 today printed $275 on QQQ
This was a great convo. I also am seeing some success with 0 DTEs (after learning things the hard way). I don't trade 100s of times a day, just once or twice. But for sure, credit spreads (and not synthetic, which after listening to this, I'm going to look into). There is definitely money to be made with 0 DTEs and Mark proves it.
there are people who explain their strategy in details and there are others, this guy will not reveal what he's actually doing, most people who really make profits, never reveal their secrets.
They are smart for not revealing. I'm a fairly successful trader and I would never reveal my setups that I use on youtube. You don't want thousands and thousands of others using your strategy as that could cause the strategy to fail as the algos will eventually catch on. Smart traders never reveal their setups.
Lots of valid points and questions-discussion, but to start at square 0... How did he get around PDT rule with a 2K account, just to get started...?? Lots of pitfalls and 0DTE is a graveyard for a reason... Good for him!
No, and there never will be. You can go back and watch every one of these interviews, and the instant the guest goes into the tiniest details of what their strategies and trade structures actually look like, Tom abruptly cuts them off and diverts the conversation.
Sounds like he's long put and call options 1 week out and selling the options that expire today. All options are at what 8-20 delta. Fur all the trading, as the market moves there must be profit he's taking off one side or maybe both sides
Section 1256 contracts, it's a bunch of tickers not just spx, xsp, vix, ndx etc...euro style cash settled index options, and futures and their options.
21:10 Every retail traders dream until Tom says, THIS IS VERY DIFFICULT, lot of bodies of those who tried this. Very fun interview and really appreciate the warning for the rest of us.
What a great conversation. At the moment I'm averaging roughly $600-$1200 per day doing $SPX 0-dte trades and really want to scale up. I think his idea of buying wings upfront several days out and then writing his shorts against those long wings is a brilliant idea! I'm gonna play around with that idea myself!
He back tests his strategies/theories on option omega then programs bots to make his trades. He diversifies but stays Delta neutral (if I remember correctly). Tom was supposed to pop in on his channel not long ago but I guess they flipped the script.
Very interesting interview. However, the VAR on this strategy will be super high due to concentration of risk by selling credit spreads every 2 min. This makes great money when realized vol is lower than implied vol but gets crushed in high rvol scenarios.
Questions: 1. Those trades that he put on every 2 minutes, are they spreads or iron condors? 2. Those 7/6//5/4/3/2/1 dte calls he put on, do they have the same strike price? 3. The trade that he put on the after of the day before for 1dte, what is that trade?
The 7,6,5... the delta is not important, only the cost. He pays .05/.10 for the long option. then he sells short IC every 10 minutes. In other words, he is scalping the market and profits $10 per trade on average. If the market moves, he is selling (re-balancing) every trade so in the course of the day he may have 250 winners of $10 and 20 losers of $20. On net, he profits $2000 per day.
Find that very difficult to believe he earned that completely on his own, he must have been from a rich family. Even if worked at age of 16 till 22, going to school and college full time there is no way he could have saved $200K at that time, economy wasn't that perfect. To save that much you will need to earn at least additional $100k to offset taxes, and personal spending. Something is missing in this story. I could be wrong but I stand with my analysis.
@@edwardsl8016 I agree with you on this, he has to make 100k a year gross or about 65-70k take home pay, personal expense about 25k, save 45-50k a year for four years from 18 to 22.
Had to listen to this twice to understand the strategy. I appreciate that they keep the traders methods on display but keep the strategy in his hands, but as a trader I would love to see this actually happen in real time.
This guy is a natural. I mean I want to learn from him absolutely, even though he's fricking barely 30. Holy crap. Wonder what he finds next. You can tell Sosnoff is ready to pick his brain and he's a top level baller. Def proves the refinement of one exact strategy wins, which bums me out, because I enjoy a wide swath of approaches but I'm still trying to get out of the trough, so maybe I better change my ways.
I blew two accounts with 0 DTE. It a strategy that will make you lose: you bet, lets say, $500 to win $40 80% of the times; but when you are wrong you may lose 3X what you win or even the whole $500 if you do not place a stop loss. You also overtrade and are stubborn to cut your losses. Trading is just a hard thing to do.
I agree, if you don't know what you are doing, 0DTEs can be fatal. I've learned very hard about this too, trying to beat the system with little knowledge. I however, have been learning a lot and am now fairly successful at 0DTEs the past few months and after changing my strategy somewhat. I wouldn't call it 100% consistent or successful just yet. I want to get through a year's trading before I do. And, I don't take 100s of trades a day. Only one to two and in most cases, it is a credit spread. I also base my "bet" on the day to not make more than about 1% of my portfolio size, which in turn risks up to 10% of my capital max. If my bet doesn't pan out, I usually get out with a bit of a loss as early as possible, but I've been winning a lot more than I lose (with far enough deltas). Like I said, I'm going to continue to do this for a year, or until I realize I'm barking up the wrong tree.
@@OptionSpreadProfits From my watching his RUclips you will learn that he has multiple strategies. He only trades this one when IV has increased from day before. He closes the shorts of either side at 400% loss while leaving the longs on. He has backtesting results that are impressive.
Beautiful strategy but not designed for everyone. Personally I love 0DTE vertical spreads, it is my only favorite one but this guy took it to a different level. My respects. Crazy too
If you do any research into this guy you will learn that he was a construction project manager. Lost his job and did a little Uber. He basically does a huge amount of backtesting and then runs about 20 different strategies each complimenting each other. So basically a quantitative trader that’s allows probability to work itself out, trades small enough to not blow up and almost always has a stop loss. I think he trades mostly in IBR due to way less commissions.
So he jsut sells 0dte (7-20 delta ) Iron Condors all day? The premium is soo low as day goes on no? Then to top it off hes buying/holding way otm1-7 day long puts and calls. I dont get it
Did not quite get buying 7, 6, 5, 4.… long calls ahead of time and then spreads all day. I am sure he is a genius, but I did not get the 150-200 trades a day and the whole management routine. Impressive gain though.
I loved this interview. I wish Tom asked more analytical questions and maybe extend an invite for in depth discussion with other traders who are trading 0DTE. Overall great info!
What does "playing crosis" or "crotosis" mean. I've never heard that reference. Mark says it in response to Tom's question about what Delta he uses at around 11:29 timestamp in the video.
Kurtosis refers to the shape of a distribution to be fatter at the tails and narrower near the center as compared to a normal distribution. The impact of high kurtosis is to throw off the broker provided probability analysis. For retail traders not aware of this, it can cause more losses than expected particularly in Iron Condors and Iron butterflys but also with regard to credit spreads. Mark seems to have found a way to exploit this, but it is not obvious to me how he can win so consistently. I would love to see him in operation.
@@venician2face your explanation is really insightful. I’m also super curious how Mark leverages this so effectively. It would definitely be fascinating to see more of his approach in action. Thanks again for taking the time to explain!
This is excellent. It’s analogous to a fighter jet pilot flying in top speed for 8 hr daily watching all the screen to mitigate short vol risk from Spx Its take a young pilot with sharp fast brianeye coordination. ❤
I'm going to try but I'm not sure if I'm correct...my # examples are going to be using SPY bc I understand enough to make relative sense...I've never traded SPX. Basically it's an iron condor structure, where there are two sides of each trade. Buy one call & one put waay out the money, one week out. So for example tomorrow (Monday 11/18), you might buy the 620 call ($2)and the 500 put ($6) for Friday 11/22. Then you sell an 0DTE option on either side, against the outer "wings", maybe the 576 put ($12) and the 592 call ($11). As long as the options you sell expire worthless, you make $23 in the day, and you still have your wings intact to be able to sell against tomorrow. Do the same thing every day for a week, and you've made $107 ($23 x 5 - the $8 for the wings). Take this approach x200 times per day = $21,400 per week. You obviously need to work your way up to this level bc the width of the wings & number of trades will be limited by your account size...bc you can't take on more risk than your account can afford. If needed, manage / roll up or buy to close the interior options you sell depending on how it moves during the day. If there is a black swan...you can really get messed up bc your wings are so wide that you're essentially naked...most of your clothes are missing
So he’s going long where ODTEs on SPX showing the most volume and then has puts where ODTEs have have most volume on the put wall side and collecting the spread every day ?
😳 you hold that many positions to expiration on 0 dte?! I’ve been tormented over holding one to expiration and after losing a few times I have stopped doing that.
I don’t understand why people would choose deltas so low. It doesn’t take that much data to figure out that an atm put or call has more or less than 50% odds. Your payout is so low on the low deltas vs risk, this guy is lucky he hasn’t blown up.
He is doing exactly what I do....most of the time its a home run.......kind of sorry to see him explain it to everyone BUT the market is big so I guess it doesn't matter.
He said something at 25:00 that everyone needs to understand. “You’re trading an index that is too expensive to hold a naked side”. You need a large account to implement this strategy
ODTE options are only for consistently profitable traders. If you don’t have the perfect entry and it moves slow, the time decay will destroy the value of the options contracts. Although, it sounds like he’s selling the contracts too so the time decay is on his side. But I know people who lost their entire account selling puts so be careful
I stay corrected in my misjudgement of Toms statement , that is taking the longs with him( the trader) home . The trader in the interview gets rid of the short side yet keeps a long delta , long gamma exposure , by not closing the 7,6,5,4,3,2 ,1 day long wings . I cannot stop embarrassing myself anytime I try to correct Tom lol😂
anyone going to mention 50k trades/yr probably over $50k in commission/fees, which is like 5% burn rate on the account, in a zero sum space that is some insane vegas casino house odds
0DTE turned me from a millionaire into an Uber driver
😂😂😂😂😂😂
lol best comment ever!
I can’t
😂
Damn lol
Even if I could master his trading strategy, I would not do it. Stuck at a computer managing and putting on 30 trades an hour for 6.5 hours each trading day. That is not a strategy or stress I want. Congrats to him for making it work!
He uses trading bot to trade the strategies. It’s not complicated.
How does he back test? Which program @loubob21
Tom. I didn’t understand all of this, I am barely beginning my options trading journey. Based on your reactions, I can tell you were amazed by his responses. Can you make a video summary of this for newbies like me?
Thank you. I thought it was just me.😂
i think he is doing it backwards. most millionaire traders turn into uber drivers.
love your comments dude
hater
🤣
Key word “most”
Actually most don't know this but, at least one of the most successful hedge fund guys today used to drive a taxi cab before trading. Giy is worth a few billion now 😎 never judge a book....
Man, the way Tom effortlessly understands everything with such fluidity is quite amazing honestly. He deeply understands finance and the markets. It's incredible!
Totally agree! I was thinking, wow both of these guys are waaaay smarter than I will ever be!
I think you forget that he discussed the strategy beforehand.
Tom is a pro, silly statement
It make for a terrible interview though. He interrupted the guy several times while explaining important parts of his strategy.
@@JohnHumbert specializing and being a master at one thing doesnt make them smarter than you. If you believe what you just wrote, it makes them more dedicated than you, but not necessarily smarter.
For every 1 Mark winning at trading 0 DTE, there are 999 Marks who have lost. Don't become a data point.
fact
On the buy side yeah. On the sell side it’s the opposite, 999 winners to 1 WSB loser
Finally 0DTE focused episode
4:50 Rolling the dice
6:30 Compound knowledge
8:50 8-20% Drawdowns
13:00 SPX
18:00 When VIX goes up big
19:00 200k to 1.5M in 2 years? 🤔
23:00 Uber to 0DTEs 😅
27:50 More trades = more money
So much respect for Mark. The stress of thinking about the market makers, the theta decay, the GEX, and he is killing it!
we need a course on his strategy!
That what he wants, you to say
Gambling is his strat.
To cash in on interviews like this on RUclips.
If you found a gold mind, would you tell everyone about it?
@@tommyz0123 i might, depends.
I’d like to see follow up videos of these interviews 1 year, 3, 5 years after to see who can keep the same strategy.
He will be back driving uber… on no, will be driverless cars by then. Gamblers always go broke.
@@icenomad99 What makes his strategy any more gambling than any other data proven strategy like long dated short strangles?
I've never seen a "Rising star" return with any updates. There should be a " Where are they now? " segment
@@traderginogreat idea!
for sure. these profiles are just examples of the Apex fallacy.
I wish Ton would use the platform to show what they are talking about. I would make it mush earier to understand.
wish I could see a visual demonstration of this
a snake with 1000 razor blades for its widths.. when he tries to pick it up .. he has a metal glove.
I agree, but none of Tom's Rising Star guests ever explain in detail what they are doing. They give general explanations that never really make sense on how they can consistently beat the odds. Very sceptical. On the other hand, if I were in Mark's place, would I really want to show my detail strategy. Absolutely not.
He documents a lot of it step by step on his YT channel Zero Day Mark
You won't because it's made up
@@venician2face What's wrong if people know your strategy? If you trade high volume tickers, you think enough retail traders will copy you to affect the market?
$10 average profit per trade, every 2 minutes. This guy basically figured out how to consistently print his own $300 hourly pay rate. Nice! 👍
I could be wrong but didn't he say he doesn't close the trades, he just lets them expire? That means he's not making $10 per trade, he's making whatever he put the trade on for.
@@sethaldrich6902If thats the case, he saves a lot of on fees.
@@sethaldrich6902 Yea.. $10 to $25. He's literally trading OTM credit spreads as he said.
@@sethaldrich6902$10 is average after gains and losses
@@sethaldrich6902 thats my question too
A lot of people are complaining saying that they want to see more, I’ve been following mark for a little while now and he as many RUclips video some hours longs explaining his trading process and in-depth back testing results, showing the back test vs actual live trading results
What is his username?
What's his channel
@@OptionSpreadProfits I found it. Zero day mark
@zerodaymark
Zero Day Mark
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset and knowledge to pull such trades.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 65% rise from early last year to date. I and my advisor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Elisse Laparche Ewing has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you need an excellent collaboration.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
This strategy is very intriguing! I like 0DTE SPX options and this gives some ideas that could be very useful. Just not looking to make 100 plus trades a day.
Incredible interview. You should invite top 5 traders and ask for common denominator in what they all do. Love these interviews better than most podcast on the internet.
Watched the whole video but I am unable to understand what exactly is Mark doing. Can someone please explain his 0 dte strategy ?
youtube.com/@zerodaymark?si=csuk0tCNukc4eB1n he talks about how he does stuff on his channel
He holds long options 1/2/3/4/5/6/7 days out. Then, current day he starts selling options with delta of 7-20. He is also buying a hedge that costs him very less (Nickel wings) He does this on both sides of the market by putting on a trade every 2 mins i.e he adds a new trade every 2 mins till market closes. This way he gets to average his vol. If the market moves against him, worst case he will cut his positions. His long options usually provide a hedge if the market makes a very big move.
@@fun3721so he can only sell up to the amount of longs he has on? At one every two minutes he would be buying quite a bit on longs before hand?
@@fun3721 does he buy that nickel wings hedge every 2 minutes as well? Or just buy wings first and then keep selling every 2 min?
ODTE is SPY or SPX or QQQ that expires at 4:00pm. These contracts have an option dated to expire daily . I trade 0DTEs everyday. It’s the only options I trade . $30 today printed $275 on QQQ
This was a great convo. I also am seeing some success with 0 DTEs (after learning things the hard way). I don't trade 100s of times a day, just once or twice. But for sure, credit spreads (and not synthetic, which after listening to this, I'm going to look into). There is definitely money to be made with 0 DTEs and Mark proves it.
there are people who explain their strategy in details and there are others, this guy will not reveal what he's actually doing, most people who really make profits, never reveal their secrets.
All he’s doing is selling iron condors in high iv
They are smart for not revealing. I'm a fairly successful trader and I would never reveal my setups that I use on youtube. You don't want thousands and thousands of others using your strategy as that could cause the strategy to fail as the algos will eventually catch on. Smart traders never reveal their setups.
@@down-the-rabbit-hole the market goes up and down, independent of people’s strategies
Fascinating. Some new considerations to 0DTE that I hadn't considered previously.
Great interview. I loved seeing how excited Tom was about it. That part was fun. Good work, Mark! Keep it up.
Not surprised to see Mark on here ! Well done man 👏
Thanks for sharing your insights !
Lots of valid points and questions-discussion, but to start at square 0... How did he get around PDT rule with a 2K account, just to get started...?? Lots of pitfalls and 0DTE is a graveyard for a reason... Good for him!
Toms face when he said he makes a trade every 2 minutes. 😂
Them commissions 😂
@@benjaminpatel4187, Exactly! 🎯💯
Cha Ching
He made the O face
Is there a show afterwards to breakdown what he is doing on the tasty platform. Right now i'm lost lol
No, and there never will be. You can go back and watch every one of these interviews, and the instant the guest goes into the tiniest details of what their strategies and trade structures actually look like, Tom abruptly cuts them off and diverts the conversation.
youtube.com/@zerodaymark
@@thatpointinlife Because it's not tasty mechanics + it's not the best way or channel to discuss trade mechanics.
Sounds like he's long put and call options 1 week out and selling the options that expire today. All options are at what 8-20 delta. Fur all the trading, as the market moves there must be profit he's taking off one side or maybe both sides
He actually documents it all on his RUclips channel Zero Day Mark
Nobody ever talks about the capital gains advantage also of SPX. 60/40 long term/short term vs 100 percent short term
I think if you can qualify for and GET TAX TRADER STATUS your taxes are 1/1 for gains/losses plus you also have expense deductions and other benes'
@@santmat007 He's talking about the capital gains tax rate. Can't beat long-term capital gains treatment.
Section 1256 contracts, it's a bunch of tickers not just spx, xsp, vix, ndx etc...euro style cash settled index options, and futures and their options.
1256 is goooooood!
@@Siegefya What are the other tickers? I think you listed all the indexes, I don't trade futures so don't know about them. Anything else?
21:10 Every retail traders dream until Tom says, THIS IS VERY DIFFICULT, lot of bodies of those who tried this. Very fun interview and really appreciate the warning for the rest of us.
What a great conversation. At the moment I'm averaging roughly $600-$1200 per day doing $SPX 0-dte trades and really want to scale up. I think his idea of buying wings upfront several days out and then writing his shorts against those long wings is a brilliant idea! I'm gonna play around with that idea myself!
What strategy are you currently using and seeing profit from?
Are you running IC?
He back tests his strategies/theories on option omega then programs bots to make his trades. He diversifies but stays Delta neutral (if I remember correctly). Tom was supposed to pop in on his channel not long ago but I guess they flipped the script.
What’s his RUclips channel?
@ zero day mark
Thank you for sharing.
Very interesting interview. However, the VAR on this strategy will be super high due to concentration of risk by selling credit spreads every 2 min.
This makes great money when realized vol is lower than implied vol but gets crushed in high rvol scenarios.
Questions: 1. Those trades that he put on every 2 minutes, are they spreads or iron condors?
2. Those 7/6//5/4/3/2/1 dte calls he put on, do they have the same strike price?
3. The trade that he put on the after of the day before for 1dte, what is that trade?
i believe he said he trades verticals
The 7,6,5... the delta is not important, only the cost. He pays .05/.10 for the long option. then he sells short IC every 10 minutes. In other words, he is scalping the market and profits $10 per trade on average. If the market moves, he is selling (re-balancing) every trade so in the course of the day he may have 250 winners of $10 and 20 losers of $20. On net, he profits $2000 per day.
he manages to save 200k USD at age 22? wow
Find that very difficult to believe he earned that completely on his own, he must have been from a rich family. Even if worked at age of 16 till 22, going to school and college full time there is no way he could have saved $200K at that time, economy wasn't that perfect. To save that much you will need to earn at least additional $100k to offset taxes, and personal spending. Something is missing in this story. I could be wrong but I stand with my analysis.
@@edwardsl8016 I agree with you on this, he has to make 100k a year gross or about 65-70k take home pay, personal expense about 25k, save 45-50k a year for four years from 18 to 22.
Tom, what's the point of all these stsr interviews if the strategy is never explained to the level that it can be applied by others??
I noticed tasty has a $5 assignment fee. Does this apply to spx too?
Had to listen to this twice to understand the strategy.
I appreciate that they keep the traders methods on display but keep the strategy in his hands, but as a trader I would love to see this actually happen in real time.
Still doesn't quite make sense. Tom interrupted him too many times. Let him explain for us!!!
They need to throw in some examples.
@@crimpers5543agree, Tom always talks too much in these interviews. He gets excited like a puppy.
Still don't get it
I could watch this a dozen times and it's still over my head!🙂
This guy is a natural. I mean I want to learn from him absolutely, even though he's fricking barely 30. Holy crap. Wonder what he finds next. You can tell Sosnoff is ready to pick his brain and he's a top level baller. Def proves the refinement of one exact strategy wins, which bums me out, because I enjoy a wide swath of approaches but I'm still trying to get out of the trough, so maybe I better change my ways.
It’s not a game it’s your capital.
But also meme coins
It’s not a game it’s your capital
Great interview with great info. It would be nice if he had a course explaining actual trades. Enjoyed this a lot.
Dint understand the strategy after listening five times. Just going to the sixth. Will that help?
sure! 🙂
Tom talks 2x the amount of his guest
I blew two accounts with 0 DTE. It a strategy that will make you lose: you bet, lets say, $500 to win $40 80% of the times; but when you are wrong you may lose 3X what you win or even the whole $500 if you do not place a stop loss. You also overtrade and are stubborn to cut your losses. Trading is just a hard thing to do.
Tight stops handle that
In high iv iron condors are great 0 dte. As long as you are far enough away from atm you are fine. Theta moves fast on the last day.
Yes but doesnt the 65 cent contract prices add up? Im already at 5k in fees tyd@jameseldridge3445
I agree, if you don't know what you are doing, 0DTEs can be fatal. I've learned very hard about this too, trying to beat the system with little knowledge. I however, have been learning a lot and am now fairly successful at 0DTEs the past few months and after changing my strategy somewhat. I wouldn't call it 100% consistent or successful just yet. I want to get through a year's trading before I do. And, I don't take 100s of trades a day. Only one to two and in most cases, it is a credit spread. I also base my "bet" on the day to not make more than about 1% of my portfolio size, which in turn risks up to 10% of my capital max. If my bet doesn't pan out, I usually get out with a bit of a loss as early as possible, but I've been winning a lot more than I lose (with far enough deltas). Like I said, I'm going to continue to do this for a year, or until I realize I'm barking up the wrong tree.
@@OptionSpreadProfits From my watching his RUclips you will learn that he has multiple strategies. He only trades this one when IV has increased from day before. He closes the shorts of either side at 400% loss while leaving the longs on. He has backtesting results that are impressive.
Minute 24 , Tom meant to say " Taking the short side with you home , not the long side " 8 could be wrong
Beautiful strategy but not designed for everyone. Personally I love 0DTE vertical spreads, it is my only favorite one but this guy took it to a different level. My respects. Crazy too
Why does he use all of those different Diagonal dates to hedge?
Trying like this all day long is like running a marathon everyday
Tom, how can we get an example of what he is doing? What is he buying and selling every 2 minutes, is he closing the previous position?
0.04% return per day. Is there an easier way to get this return rate?
No fees on all those trades?
Thank you team. . . Very helpful . ..
If you do any research into this guy you will learn that he was a construction project manager. Lost his job and did a little Uber. He basically does a huge amount of backtesting and then runs about 20 different strategies each complimenting each other. So basically a quantitative trader that’s allows probability to work itself out, trades small enough to not blow up and almost always has a stop loss. I think he trades mostly in IBR due to way less commissions.
So he jsut sells 0dte (7-20 delta ) Iron Condors all day? The premium is soo low as day goes on no? Then to top it off hes buying/holding way otm1-7 day long puts and calls. I dont get it
I think Tom wanted to adopt him as a son
Thanks, gentlemen. Very interesting!
Thanks for the content
Did not quite get buying 7, 6, 5, 4.… long calls ahead of time and then spreads all day.
I am sure he is a genius, but I did not get the 150-200 trades a day and the whole management routine. Impressive gain though.
same, 150-200 trade a day needs a loads of computing power.
What is DTE? Thx
Days to expiration
Days till expiration 0DTE are same day options expiration day, 1DTE expire next day from today's trading date and so on.
Great interview!
This strategy is almost similar to Karen the super trader , except that she rolls the long side of the spread to the following month , 55 DTE
I loved this interview. I wish Tom asked more analytical questions and maybe extend an invite for in depth discussion with other traders who are trading 0DTE. Overall great info!
WHAT is the ROI and initial capital?
What does "playing crosis" or "crotosis" mean. I've never heard that reference. Mark says it in response to Tom's question about what Delta he uses at around 11:29 timestamp in the video.
its called kurtosis, its a probability and statistics term
Kurtosis refers to the shape of a distribution to be fatter at the tails and narrower near the center as compared to a normal distribution. The impact of high kurtosis is to throw off the broker provided probability analysis. For retail traders not aware of this, it can cause more losses than expected particularly in Iron Condors and Iron butterflys but also with regard to credit spreads. Mark seems to have found a way to exploit this, but it is not obvious to me how he can win so consistently. I would love to see him in operation.
@@jordanfong4255 Thank you, I wasn’t connecting the dots to kurtosis
@@venician2face your explanation is really insightful. I’m also super curious how Mark leverages this so effectively. It would definitely be fascinating to see more of his approach in action. Thanks again for taking the time to explain!
I turned to AI to ask the same question. But thank you for validating I was not alone and being vulnerable enough to ask.
Wish we could see a demo as honestly not sure I get what he is doing
Why don't we do something to the point like exactly give days trade how it's done.
Reminds me of "Karen the Super Trader".
She was selling naked strangles way otm - he’s selling credit spreads
@@MakeTheAdjustment1979 No, she wasn't. Karen was a fraud and is currently in prison. Give it a couple of years, he'll be broke or in prison also.
Mark is the real deal. 👌
Can we get a detailed breakdown of this guys exact reading strategy please??! Pretty please?
His RUclips channel is zero day mark
I got a feeling this guy is a f genius. Can you pls explain how does he trade every 2 minutes?
This is excellent. It’s analogous to a fighter jet pilot flying in top speed for 8 hr daily watching all the screen to mitigate short vol risk from Spx Its take a young pilot with sharp fast brianeye coordination. ❤
6.5 hours
Can someone please explain his strategy in plain words?
His RUclips channel is zero day mark
I'm going to try but I'm not sure if I'm correct...my # examples are going to be using SPY bc I understand enough to make relative sense...I've never traded SPX.
Basically it's an iron condor structure, where there are two sides of each trade. Buy one call & one put waay out the money, one week out. So for example tomorrow (Monday 11/18), you might buy the 620 call ($2)and the 500 put ($6) for Friday 11/22. Then you sell an 0DTE option on either side, against the outer "wings", maybe the 576 put ($12) and the 592 call ($11). As long as the options you sell expire worthless, you make $23 in the day, and you still have your wings intact to be able to sell against tomorrow. Do the same thing every day for a week, and you've made $107 ($23 x 5 - the $8 for the wings).
Take this approach x200 times per day = $21,400 per week. You obviously need to work your way up to this level bc the width of the wings & number of trades will be limited by your account size...bc you can't take on more risk than your account can afford.
If needed, manage / roll up or buy to close the interior options you sell depending on how it moves during the day.
If there is a black swan...you can really get messed up bc your wings are so wide that you're essentially naked...most of your clothes are missing
Can anyone please explain what he’s doing?
SPX 0dte short strangles with inexpensive wings out 1 week.
So basically an iron condor??
Awesome an Very Tasty bit size of knowledge
Would be nice if we can hear Marks explaination without interruption
So he’s going long where ODTEs on SPX showing the most volume and then has puts where ODTEs have have most volume on the put wall side and collecting the spread every day ?
I agree on FOMC days!
Them days are def not for the faint of heart with 0 DTE
if i had couple hundred thousand dollars mid 20s id also be a millionaire too.
All he tells is correct correct...he himself is confused, demonstrate on the platform will be more understanding to viewers
There is any genuine online course available to learn from scratch?
0 DTE isn’t easy. You have to be right about the short term direction immediately. 0 DTE decays very rapidly if you’re wrong.
Motivational. Thanks.
😳 you hold that many positions to expiration on 0 dte?! I’ve been tormented over holding one to expiration and after losing a few times I have stopped doing that.
I don’t understand why people would choose deltas so low. It doesn’t take that much data to figure out that an atm put or call has more or less than 50% odds. Your payout is so low on the low deltas vs risk, this guy is lucky he hasn’t blown up.
Could anyone explain in detail what strategy he is using to make it work for him ?
I drive Uber and trade SPY & TESLA 0dtes lol. Been refining my strategy since this year on demo. This video is good to see 😂
He is doing exactly what I do....most of the time its a home run.......kind of sorry to see him explain it to everyone BUT the market is big so I guess it doesn't matter.
Why ? Because it works ?
@@d.6158 yup....no one wants their goldmine exposed to the world.
Selfish
I still don’t understand what he’s doing lol
🤑🤑🤑
plot twist: he started with a billion
He said something at 25:00 that everyone needs to understand. “You’re trading an index that is too expensive to hold a naked side”. You need a large account to implement this strategy
THIS GUY KNOWS HIS STUFF!!!
Pure genius
Deserves full success
Normal folks can’t do this. You need skill & bravity
Well done mate!!!
The successor to Karen, The Super Trader, Did she get prison time?
He seems to be brilliant and very well composed.
Normal folks don't make up words.
That's a lot of hands on approach and capital intensive. Too much monitoring I can't deal with.
That dude looks 20 years older than actual age.
I want to see some receipts
Nice, Wednesday off seems good strategy, in my experience also mostly Wednesday hasn't been successful day.
Yes, Wednesday statistically can be my losing-est day, mainly due to flatness. I’ve also considered skipping Wednesday.
ODTE options are only for consistently profitable traders. If you don’t have the perfect entry and it moves slow, the time decay will destroy the value of the options contracts. Although, it sounds like he’s selling the contracts too so the time decay is on his side. But I know people who lost their entire account selling puts so be careful
I stay corrected in my misjudgement of Toms statement , that is taking the longs with him( the trader) home .
The trader in the interview gets rid of the short side yet keeps a long delta , long gamma exposure , by not closing the 7,6,5,4,3,2 ,1 day long wings .
I cannot stop embarrassing myself anytime I try to correct Tom lol😂
What is strategy? Naked call or put or other ?
Great video again, Every family has that one person who will break the family financial struggle, I hope you reading this become the one.
Happy to stumble onto your comment.🥰
🙏❤
Thanks for posting.
Amazing comment. I claim it!
Amen!!
He only had 200k to start with 😂
anyone going to mention 50k trades/yr probably over $50k in commission/fees, which is like 5% burn rate on the account, in a zero sum space that is some insane vegas casino house odds
So can someone explain what exactly he is doing?
I also play the 0DTE game and just sell either call or put spreads at around 10 delta.
I just understood to perfect trading SPX, which is my focus. I need to learn more.