This Entrepreneur Credits His “Checklist” For 45% Returns
HTML-код
- Опубликовано: 10 фев 2025
- Chris, a 52-year-old Dallas entrepreneur, discovered options trading at 47 and transformed his investment strategy from stocks and real estate to active trading. Using certain strategies he learned from watching tastylive, he averaged 47% returns annually over the last 4 years on a mid 6-figure account, making 2,800 trades last year while running his business. He credits disciplined mechanics and position sizing for his success.
Subscribe to our Second Channel: @tastylivetrending
Check out more options and trading videos at www.tastylive.com!
======== tastylive.com ========
tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we’ll help you take your trading to the next level, whether you are new to trading or a seasoned veteran.
Follow us on Twitter: tastyliveshow
Check out our Instagram: tastyliveshow
tastyliveshow tastylive content is created, produced, and provided solely by tastylive, Inc. (“tastylive”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims (including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer. tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with tastylive whereby tastytrade pays compensation to tastylive to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of tastylive by tastytrade. tastytrade and tastylive are separate, but affiliated, entities with their own products and services. tastylive is the direct parent company of tastytrade.
0:00 - Intro
2:12 - Early Trading Experience
3:11 - Discovery of Options Trading
4:40 - First Trading Steps
6:25 - Trading Development & Growth
8:42 - Trading Performance (45% Returns)
9:46 - Daily Trading Schedule
11:05 - Trading Products & Strategy
12:04 - Trading Activity & Position Management
14:51 - Position Sizing & Risk Management
15:59 - Views on Traditional Investing
17:00 - Trading & Business Management Parallels
18:54 - Learning from Trading Mistakes
20:51 - Market Psychology & Fear
22:14 - Closing Remarks
I love this type of interview. Real world and not scripted. Nice job, Tom.
Great interview! Tasty mechanics take the guessing out. For those without a trade plan or framework, the checklist is basic.
Liquid underlying (stock, future, etf, currency etc.), high IVR, increasing 5day IV, 1-2% max size of Net Liquidity.
Is this strategy documented on a Tasty web page somewhere?
@@flmasonit’s basically the steps they go though almost every day. I don’t know where it’s written online, but they talk about it constantly in their daily live sessions. They have thousands of hours of educational content as well on their website.
Never double down. I did that in PLUG in 2021 and learned a 30K education that I will always remember. Thank you PLUG. Truth in Price, Volume, Size IVR and moving averages💫 Most excellent interview💫
Wow, this is such a great source of inspiration to finally finish my own trading plan checklist! I’ve divided it into three sections: Macro, Sector, and Stock checklist. And its been taking me weeks to complete because Im trynna make sure its thorough and hits the correct points. I’m so glad I found this on my feed. I’ll definitely finish my own right away now!
Checklist:
Look over your watch list
Evaluate IVR > 35
Is the 5-day change in IVR positive?
Glance at the chart. Is it high? Low? If it's middle, then he trades a strangle. If it's low, then he'll sell a 30 delta put.
Managing: will roll
Closes at 50%-60% profit.
Thinks size is most important to pay attention to. Thinks in percentages. Each opening position doesn't take more than 1%-2% net liquidity.
You are the Goat!
Thank you, sir for the summary. Saves me TIME!
each opening position doesn't take more than 1-2% of net Liq.. Is he referencing Buying power requirement/ BP Eff.(on the webplatform)?
@@coreymckain sounds like. 500k cash account, invest no more than 10k on single trade.
that explains the 2600 trades per yr if he closes at 50-60% profit.
Great interview! I'm also in the Dallas area and love the way that Chris thinks... I also think in probabilities with almost everything. Would love to meet you guys if you're in Dallas!
I would like to see his check list.
Her went through a good number of them. Not sure if it was all of them, but quite a few
Build your own
He said
- make sure there's a tight bid ask spread
- ivr has to be over 35.
- what is the 5-day change on ivr... Is it going up?
- is the underlying trading at xtremes (high or low)
- if the underlying is mid-range, he strangles it
- if the underlying is low he will just sell a 30 Delta put.
- he keeps his size small. No more than 1-2% Net liq
- he closes his positions at 50 to 60% profit
- if a call gets breached he will roll up.
- he only sells and does not buy
He also noted to be knowledgeable:
- market awareness
- understand how futures move with equities
- product indifference
- understand how volatility is different in futures.
9:30 sell 20 delta strangles 14:40 size important
This is my favorite interview so far.
Excellent interview. It's really inspiring to see someone who has come into the game relatively late and is smashing it.
OMG this is one of the best interviews, I relate a lot!
This is exactly why the Trading Plan is so important.
This guy is so smart!! Such an inspiration
Love this! Thank you for the interview!
Boy howdy did I take notes on this one!!
I just had a question. I'm not really a newbie to options trading but I definitely don't do it enough to call myself good by any means.
He said at one point that it is important to know if your underlying is overpriced. But when he said what his biggest mistakes were he mentioned he shouldn't have chosen/sold a direction based on his opinion on if the underlying was overpriced or not...
What doss this mean?
Great story. Best of luck with your future trading.
One of the best 'rising stars' videos to-date.
Exactly. We have a strategy and we need to execute the turn on a dime case scenario. With data we can see where to close the position weather it's on the down side or up.💫
Yes sir 🙌 thank you for the interview
Great content, thanks!
Your guest mentioned several books that he initially read to help him get started. You may have already done so on another POD, but can you please share those books or ones you might recommend for new traders?
Just looking for the top 3 that you feel are must haves on your shelf.
Thank you!
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Katherine Miller
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Katherine Miller too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
WOV.Great stuff .
Are these xx( 21,45) day trades?
Are these 45 day trades? 0DTE?? He stated he has at least a dozen open positions on any given day so it sounds like he’s opening positions all day?
Also, I’m trying to wrap my head around selling 20 delta strangles…the capital requirement and risk seems monstrous. Is there a resource to better describe/discuss this trade, what to expect and when how to manage?
You Guys Rock!! Change and Improve Lives!!
What’s the account size ???
Mid six figures could be 300K to 500K starting size?
@ that’s what I was confused about, half of 1 million or do they mean half of 100k ? I think you’re correct
What is he saying at 3:55. Watched market measures and options ____? jive?
How about 11:17? You're looking for ____? change?
I seen you ask this question about what he said at 11:17 in the SHORT version of this video…. I also was curious so I came here to the full video because I thought maybe it was a glitch in the editing on the short version…. Well I STILL HAVE NO IDEA WHAT HE SAID AT 11:17 🤷🏻♂️
But I can help you out with the 3:55 he’s saying he watched “Options Jive” which I believe is a show/segment that they do on tasty …. I’m not super familiar with it but I have seen/heard the term before….
Tom Sosnoff, you're such an interesting man.
Amazing story.
Thanks Tom
Does Tasty have formal training that can take a beginner to a professional level in a structured way? If so, what's the cost?
U do understand execution is determine by how FAST something is Triggered and this is why U should read this .
we need CLARITY in what AGGREGATION PERIOD is and what it can do this is a METAPHOR for AGGREGATION your driving a CAR your AGGREGATION period would be 1 hr U would ( LOOK ) at the Speed o meter BUT if it were set to 1minute U would have less a Chance of getting Hurt . question how often do U watch your SPEED . the Bar DATA is calculated more often WITHIN the BAR . would U have it calculate after a move or while it Happens .my self the script i use is 5 sec Aggregations using TICK CHARTS . this is needed if U trade the OPENING MARKET . ( WAKE UP ) . trading 1967
help me out with trade entry size. 1% of 100k is one thousand. Where do i find strangles for only one thousand buying power
Give it a buy leg on each side, call it an iron condor, and enjoy very low buying power, even in your IRA.
💫
Once you figure out how to manage trades things become pretty simple
last year I had a 34% return, made a total of 1100 trades, and use $600k as collateral...
@@thetradersam6157 nice work. Was your collateral pure cash, or was it invested and using margin?
Would be nice to see his actual P&L. Not that I don't believe him.
Wonder what DTE he runs on strangles
Probably 45DTE as he is “Tasty guy”
Sorry to disagree, but anyone selling strangles with tasty mechanics is going to experience many small winners and a few large losers that wipe out your profits.
he got 45% each year for 4 years? or 45% returns OVER 4 years?
Obviously 45% each year, or he would not have been here 😂
@@bingebinge3722 Thanks appreciate the response
Each year, Tom said he started with a mid 6 figure account and 5x it over 4 years. So figure 500k-2.5m which is 45% compounded annual return
@shawnl3151 thanks brother!
@@bingebinge3722 True, if he were just making a slow/steady 15% per year, it wouldn’t be enough for Tom to bother interviewing! LOL
I call bull on the 47% returns, as Tasty mechanics would have you keep 50% capital unused in low VIX conditions.
Are "Tasty Mechanics" documented somewhere?
@@flmason Yep, check Julia and Anton's book by Wiley.
Options allow for much higher gains than normal stock trading because options are leverage. You can buy an option for .50 and sell it for 1.50 an hour later if volatility goes your way.. that’s high risk high reward trading.. if you learn to not get greedy with options you can make huge gains fast…
tasty trade rules are not always the best. I was also told by an experienced trader not to shoot for more than 3% a month because it gets crazy volatile. I also don’t want to be chained to a computer either.
@@flow5718 Would that be "The Unlucky Investor's Guide to Options Trading"? (Sounds like it was written for me! LOL!)
You can get 64% just holding TQQQ. If it drops, buy more. It will come back.
Of course, and past performance IS a guarantee of future results. LOL
@ look at the chart. Goes back to the start of TQQQ. Big swings, but the trend is upward. It’s the best performing etf.