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Trading PRODIGY Grows $4,000 to $41,307 (no meme stocks) | Rising Star
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- Опубликовано: 5 ноя 2022
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When done with proper mechanism, investing in the markets literally feels like printing your own money! IMHO a more conservative, strategic approach to trading is most ideal!
Lol, I've never felt so dumb. I've been trying to refine a strategy but trading is just too complicated ….... I'm still trying to wrap my head around it.
Left my job in June ... Once I found trading and started making more than I was while working. That was it for me! Though I was lucky enough to use leverage from an expert, it gave me flexibility to still work while earning tons in the stock options market
I can't wait to quit my job. I swing trade and I am making much more than my day job. I want to have at least 500K from trading before I quit the job I hate. I am on it because I need to pay bills and I am a single mom
@@barbborstein7640 Any tips for a nitwit beginner who's trying to get started? Seems unreal a bit of a difficult concept to grasp
Personally I prefer using the algorithmic trading system. No brains or effort on your part needed and it’s quite profitable! This way I actively manage my passive income and passively manage my active income
JUST FANTASTIC! This kid is a superstar, not a future superstar but already now a true superstar!!
I would love to learn more detail about his proprietary modelling he taught himself. Tom should hire him immediately.
He's only going to get better and better!!!
Wow this kid is a literal genius! The interview was great with thoughtful and intelligent dialogue on both sides, looking forward to more future star interviews!
how is he a "literal" genius? do you even know what quantifies a genius? smh
@@ryen7335 Its like the language that came from Supreme Court Justice Potter Stewart "I know it when I see it" regarding this young person's obvious intellect and talent on display.
This kid sounds so mature! I bet a lot of MBA students would not be able to talk so intelligently about the market. Way to go, Jacob.
As an MBA, I concur. Will also add that half of the students on my final project team wouldn't even be able to follow this discussion.
No lie, I was shocked by his voice
@@JBS7551 hard to watch how? grow up man
Because Jacob is a girl. A very smart and soon to be rich girl.
@@JwowSaechao get a life...trolling kids is illegal
3:27 Listen to this part again. It is a girl, that is why.
Me too, but makes sense bc of his twin’s
I really enjoyed this interview and it was great to hear Jacob’s story & his future plans. More of these please!
Fantastic! Loved every second of the interview! Would love to see Jacob back on the channel again!
This kid is on the ball! Now if we only get him outfitted in a TastyTrade ballcap or Sos Grande beret, it’s well earned!
Wow, what an impressive young man. Great mind. And so well spoken . His parents should be so proud of him.
Glad to see future stars is back! Your guest was awesome. He sound incredibly bright with a awesome future ahead.
love that rising star is back, and this kid, wow, amazing !!! good stuff
Awesome interview! Jacob has a bright future ahead and his accomplishments are very impressive! Great video!
Great great interview! Love this kid - great questions from Tom and great answers from Jacob! well done!
This guy is something special! Very impressive kid with his knowledge at that age.
Kid has dunked on my whole life but you know what, cheers for you my guy, go big 🎉
He has done far more than I have and I am twice his age lol 😂
There’s no race gods time is the best time
Wow! Another education video. I agree with Tom. We need more Jacob.
oh wow...this kid will be another Tom in the future!..i would of love to have friends like this when i was a kid!...GENIUS!!
Great interview. You can tell he's not an average kid. He has a bright future ahead of him!
Get him on the team! Fascinating work.
Inefficiency- wish you guys would have gone down this path a little more. Good stuff thanks.
Very bright and articulate young man but what statregies was he using to increase his account 10x ?
Did he even use options ? Not sure.
I understand he came out with a proprietary model, but I would have liked to know more. Oil ETF,,,,,,
I must have missed something
It sounds like he was arbing short-long positions between oil ETFs and other products based on the underlining IV of the products relative to the price action to find small arbitrage plays that are not definite, but rather speculative based on IV, then trading them.
Maybe I'm wrong as he didn't go deep into it here, but that'd explain why this year he's not done too well (only up a few percent), as his prop model broke as soon as others found the arb play and begun doing it their self, or simply the differing market dynamics changing the way the underlinings move - or rather as he mentioned the main underlinings are no longer on-market the more inefficient products he was using no longer exist and thus he's not able to find an opportunity anymore based on his models.
Ultimately this is why I do not try to find such plays, but instead subscribe to the opposite of what him and Tom do - believing the market is NOT efficient, and rather than trying to play the numbers and arb the spread between realized and implied voaltility or spreads I attempt to arb the perspective of the market vs theoretical personal modeling of events such as FED rate hikes, black swan events, likelihood of economy rolling over, etc.
@@greeneryfinancial I’m curious. You said you try to arb the opposite of the market. Would this be looking at the option chain and going against the side with higher oi. Or looking at the general sentiment of the market from the internet and going inverse. Lots of ways to try this, I’m curious which one you chose?
@@merrickhemmings No I mean I do not arb implied/priced-in volatility vs actual volatility like Tom largely does, as he believes the market prices everything in and thus you cannot arb news/events/sentiment beyond volatility as it should be priced in if the market is efficient.
Instead I try to weight general market sentiment or perspectives against internal probabilities - an example being back in August I extrapolated out macro data, sentiment, and FED behavior and projected a 75bp hike in September, followed by a 75/50bp hike in November, followed by a 25/50 (revised to 50/75 now) hike in December.
At the time the market projected substantially lower amounts of hikes, a 3.50-3.75 terminal FFR as most probable at the end of the year, while I was projecting a rate of 4.00 -> 4.25 as the most probable.
Arbing this looks like, in that case, going short bonds and likely equities - particularly high-debt companies and those with low earnings yield, as if I am correct (I was) there'd be a substantial repricing in time when the market prices in what I had already accounted for in my modeling.
Another example being c*vid - in January I knew about it and how serious it could be, took personal steps to avoid the risks, and tried to short the market, projecting a spread and black swan event months early. Nobody took it seriously, whistling by the graveyard, until Italy locked down many many many weeks later.
Another was the recovery of c*vid, with free money being handed out like crazy and personally putting, and hearing others putting, the stimulus funds in crypto and stocks, I was able to leap on the wagon early arbing the inflation narrative before it showed up, as I understood - and had superior information - to the majority of market participants.
Another was the R*ssia Ukr*ine conflict, knowing the situation and geopolitics, what R*ssia committed to, the war was clear in the weeks before, while market participants and media pundits, even Ukrainians, fastly underestimated the risk, pricing it at 40% according to my modeling.
It's not something I'd recommend for most people, but it's worked extremely well for me - my only issue is as I'm still relatively new (5~ years actively trading as of now) risk-management and conviction hasn't been very good until very recently.
You can see dumb money also performing similar, but rather than macro like myself they attempt to do so on individual stocks/equities. They did fantastic a few years back, really nailing on narratives and digging deep, but in the last couple years since c*vid they slacked and let 'the community' do the work and haven't done great since.
They stopped being hungry, and if you don't give this method the time, a lot of time, you lose - as the market is quick to price in information. Usually it's only a few weeks behind pricing in what you can accurately model.
gawd damn tom we gotta work with the interruptions
Really amazing kid! I wish i knew his last name so I could follow his story in the future, or if he has a blog/vlog or something to follow.
Really like that purple hat
Dream come true 👏🏼
Awesome stuff! Hope to see you back on the show in the future!
Got to get my Granddaughter trading. Thank you, he is truly inspiring.
Impressive! Great interview. Tom is a compassionate guy when he does these. Inspirational.
Go Jacob!! Stay humble!!
did not expect that voice with that haircut and hat. props to the kiddd
3:27 It is a girl at birth that is why.
@@willcollins5660 did not catch that.
@@willcollins5660 2nd time you mentioned that in this thread. A woman who works for me has triplets 2 girls and a boy. Actually the most common arrangement of triplets. You have no basis other than your own opinion.
Wow amazing interview
We will see this man again with nice clear goals with a plan.
You mean this girl, was born a girl at birth.
Wow, such a bright kid!
Very Impressive and focused young man with an amazing future a head of him that is unequivocally not distracted by all the noise and shenanigans going on our society.
Good stuff!
First time watching tastytrades! Great show, this kid is awesome and will do great things in the future. Will subscribe bc of this interview
Almost sounds like Michael Jackson
Great bro..
With a 10x on 4.5K accnt, how exactly does one grow that with the PDT rule on the way to 25K?
Exit using box spreads or after market close to avoid PDT
PDT has nothing to do with it. You can swing (not day) trade, buy options, use margin, and other leverage vehicles.
Nice job
That's rad! 😎
i just cant seem to get to the actual strategies used
Neither can I 🙁
@@cluggyahoo ask me anything
They said a whole lot of nothing. All I learned from him was "Yah"
Tom broke it down, he said it was a Basis trade
Really agree with Tom at 22:00 ! In Europe making money out of the markets still generates envy and jealousy...
Teach this kid to sell options.
this kid will be a multimillionaire by 25 ....
The next Warren Buffet
Hiring him at tasty
Elizabeth holmes voice
Wow! This guys got it , very intelligent
3:27 This girl you mean.
Ja. Hans did gut
Great US market sure with rampant naked shorting and hostage regulators
Looking for experience trader opinion. A friend of mine was telling that I'd be hard pressed to get above 25% returns when I factor in trading fees and taxes. Is this true?
Most probably, yes. But of course it is totally possible to overshoot that. It all depends on how good you are. I'm currently up 10% after fees so far this year (having done approx. only 15 trades the entire year). With the experience and knowledge I have now, it would've been easy making 25+% in 2020-2021 when the fed was printing.
Trade in a Roth and taxes are a non factor. Fees are really not much of a factor these days either, eg Fidelity has no fee stock trades, and $0.65 per option
great kid!
exporting energy through out continents
What did you find this kid!?!?
Which author is the book?
Burton G. Malkiel
Yaaaaaa
Good lord.
To understand Jacob, read Irreversible Damage by Abigail Shrier
How does a 14 year old get $4500? Lol
yah.
Has Jacob even gone through
Puberty? Doesn't sound like it.
3:27, listen here, you will found out the reason.
Lol he said ria.. it’s an IRA.. also zom and sndl are penny stocks.. he said he didn’t trade penny stocks
Hire him Tom!
Lol,
Without GME AMC
I like his voice
Yuh
why is his voice like that? :)
Imagine if this kid traded forex.
he loses...badly, like the 99.99%
His “Ya” is so Germanish
Yaaas
But absolute nothing else sounds like german accent
Yas, but it seems to be working for him haha
SOS IS LIKE BE MY SON
Yah yah yah
"you can't make money off of anything that is public knowledge". And yet I make consistent gains with trendlines, and basic support and resistance..... In $SPY.
this interview is straight fluff and ego stroking. he never explained what he did.
😂😂😂 I got nothing from this just a bunch of jargon
for the future rising stars - please show at least one example of how the star made money, please
Jpp, a hamster in his head is definitely running crazy fast.
8:58
#alien
Tough watch
thank you for your great videos but titles like this sounds little bit cheezy
Strategy? Haha
A completely worthless interview. Zero info on what he did turning 4k into 40k
Is Jacob a boy or a girl or transitioning from one to another? Can't figure out by the sound of the voice.
Dad is a rabbi #iykyk #thenoticing
Ew
Is this a boy or girl?
Took him 11 months to make 3.5%... Rising Star? yikes.
Lol what’s a meme stock ? A stock that is popular? Sounds terrible
3:27 Jacob is a triplet sibling with 2 sisters? So jacob at birth was really a female. This means this person is transgendered at a young age?
So, he couldn't have been hired because of nepotism? It sounds like they both have an Israeli citizenship - let's put it that way.
Tim dillon