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.
@@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💫
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.
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!
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.
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.💫
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!
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?
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.
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.
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💫
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.
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!
9:30 sell 20 delta strangles 14:40 size important
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
OMG this is one of the best interviews, I relate a lot!
Excellent interview. It's really inspiring to see someone who has come into the game relatively late and is smashing it.
This guy is so smart!! Such an inspiration
Love this! Thank you for the interview!
This is exactly why the Trading Plan is so important.
Great story. Best of luck with your future trading.
One of the best 'rising stars' videos to-date.
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
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.💫
WOV.Great stuff .
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!
You Guys Rock!! Change and Improve Lives!!
Thanks Tom
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?
Amazing story.
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
Tom Sosnoff, you're such an interesting man.
Does Tasty have formal training that can take a beginner to a professional level in a structured way? If so, what's the cost?
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
Wonder what DTE he runs on strangles
Probably 45DTE as he is “Tasty guy”
Would be nice to see his actual P&L. Not that I don't believe him.
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.