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Trading PRODIGY Grows $4,000 to $41,307 (no meme stocks) | Rising Star

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  • เผยแพร่เมื่อ 5 พ.ย. 2022
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ความคิดเห็น • 147

  • @barbborstein7640
    @barbborstein7640 ปีที่แล้ว +148

    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!

    • @LiquidityOcelot
      @LiquidityOcelot ปีที่แล้ว +2

      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.

    • @barbborstein7640
      @barbborstein7640 ปีที่แล้ว +8

      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

    • @annavaldez211
      @annavaldez211 ปีที่แล้ว +6

      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

    • @lukekage799
      @lukekage799 ปีที่แล้ว +1

      @@barbborstein7640 ​Any tips for a nitwit beginner who's trying to get started? Seems unreal a bit of a difficult concept to grasp

    • @barbborstein7640
      @barbborstein7640 ปีที่แล้ว +9

      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

  • @johnysmith3762
    @johnysmith3762 ปีที่แล้ว +13

    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!!!

  • @bobdabos60
    @bobdabos60 ปีที่แล้ว +27

    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!

    • @ryen7335
      @ryen7335 ปีที่แล้ว +2

      how is he a "literal" genius? do you even know what quantifies a genius? smh

    • @sv650rider
      @sv650rider ปีที่แล้ว +2

      @@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.

  • @gechli3433
    @gechli3433 ปีที่แล้ว +5

    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.

    • @oftenwrongphong
      @oftenwrongphong ปีที่แล้ว +2

      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.

  • @cosmicbutthairs
    @cosmicbutthairs ปีที่แล้ว +52

    No lie, I was shocked by his voice

    • @johnpulawski35
      @johnpulawski35 ปีที่แล้ว +6

      @@JBS7551 hard to watch how? grow up man

    • @JwowSaechao
      @JwowSaechao ปีที่แล้ว +4

      Because Jacob is a girl. A very smart and soon to be rich girl.

    • @soothinglivingmeditationmu6601
      @soothinglivingmeditationmu6601 ปีที่แล้ว

      @@JwowSaechao get a life...trolling kids is illegal

    • @willcollins5660
      @willcollins5660 ปีที่แล้ว +3

      3:27 Listen to this part again. It is a girl, that is why.

    • @robertcummins3472
      @robertcummins3472 ปีที่แล้ว

      Me too, but makes sense bc of his twin’s

  • @analysis1957
    @analysis1957 ปีที่แล้ว +2

    Wow, what an impressive young man. Great mind. And so well spoken . His parents should be so proud of him.

  • @drumsmith215
    @drumsmith215 ปีที่แล้ว +8

    I really enjoyed this interview and it was great to hear Jacob’s story & his future plans. More of these please!

  • @bsilcott
    @bsilcott ปีที่แล้ว +4

    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!

  • @ib8895
    @ib8895 ปีที่แล้ว +4

    Glad to see future stars is back! Your guest was awesome. He sound incredibly bright with a awesome future ahead.

  • @doloresumbridge7229
    @doloresumbridge7229 ปีที่แล้ว +7

    Fantastic! Loved every second of the interview! Would love to see Jacob back on the channel again!

  • @wyatthale555
    @wyatthale555 ปีที่แล้ว +2

    This guy is something special! Very impressive kid with his knowledge at that age.

  • @erictonkins8542
    @erictonkins8542 ปีที่แล้ว +6

    love that rising star is back, and this kid, wow, amazing !!! good stuff

  • @ronweasley1512
    @ronweasley1512 ปีที่แล้ว +7

    Awesome interview! Jacob has a bright future ahead and his accomplishments are very impressive! Great video!

  • @soothinglivingmeditationmu6601
    @soothinglivingmeditationmu6601 ปีที่แล้ว +8

    Great great interview! Love this kid - great questions from Tom and great answers from Jacob! well done!

  • @avrgegmer1396
    @avrgegmer1396 ปีที่แล้ว +5

    Kid has dunked on my whole life but you know what, cheers for you my guy, go big 🎉

    • @ib8895
      @ib8895 ปีที่แล้ว

      He has done far more than I have and I am twice his age lol 😂

    • @VicDamoneJr82
      @VicDamoneJr82 9 หลายเดือนก่อน

      There’s no race gods time is the best time

  • @gruposcalybursadecv997
    @gruposcalybursadecv997 ปีที่แล้ว +1

    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!!

  • @cluggyahoo
    @cluggyahoo ปีที่แล้ว +6

    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

    • @greeneryfinancial
      @greeneryfinancial ปีที่แล้ว +6

      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.

    • @merrickhemmings
      @merrickhemmings ปีที่แล้ว +1

      @@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?

    • @greeneryfinancial
      @greeneryfinancial ปีที่แล้ว +2

      @@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.

  • @jdarst100
    @jdarst100 ปีที่แล้ว +14

    We will see this man again with nice clear goals with a plan.

    • @willcollins5660
      @willcollins5660 ปีที่แล้ว

      You mean this girl, was born a girl at birth.

  • @50Options
    @50Options ปีที่แล้ว +1

    Wow! Another education video. I agree with Tom. We need more Jacob.

  • @我喜欢吃咖啡
    @我喜欢吃咖啡 4 หลายเดือนก่อน

    Great interview. You can tell he's not an average kid. He has a bright future ahead of him!

  • @CanadianOptionsTrader
    @CanadianOptionsTrader ปีที่แล้ว +5

    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.

  • @KK-qc5ct
    @KK-qc5ct ปีที่แล้ว +3

    Inefficiency- wish you guys would have gone down this path a little more. Good stuff thanks.

  • @PremiumCollector.
    @PremiumCollector. ปีที่แล้ว +2

    Get him on the team! Fascinating work.

  • @SyTrades
    @SyTrades ปีที่แล้ว +3

    gawd damn tom we gotta work with the interruptions

  • @freemind2025
    @freemind2025 ปีที่แล้ว +3

    Dream come true 👏🏼

  • @calebprice7896
    @calebprice7896 ปีที่แล้ว +3

    Awesome stuff! Hope to see you back on the show in the future!

  • @williampitzalis3127
    @williampitzalis3127 ปีที่แล้ว +1

    Got to get my Granddaughter trading. Thank you, he is truly inspiring.

  • @scentilatingone2148
    @scentilatingone2148 ปีที่แล้ว +2

    Impressive! Great interview. Tom is a compassionate guy when he does these. Inspirational.

  • @parkour267
    @parkour267 ปีที่แล้ว +2

    Really like that purple hat

  • @jb6278
    @jb6278 ปีที่แล้ว +2

    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.

  • @cindi258
    @cindi258 ปีที่แล้ว +2

    Go Jacob!! Stay humble!!

  • @richmundo3535
    @richmundo3535 ปีที่แล้ว +3

    did not expect that voice with that haircut and hat. props to the kiddd

    • @willcollins5660
      @willcollins5660 ปีที่แล้ว +3

      3:27 It is a girl at birth that is why.

    • @richmundo3535
      @richmundo3535 ปีที่แล้ว

      @@willcollins5660 did not catch that.

    • @bluestarindustrialarts7712
      @bluestarindustrialarts7712 ปีที่แล้ว

      @@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.

  • @andrealopez7701
    @andrealopez7701 ปีที่แล้ว +4

    First time watching tastytrades! Great show, this kid is awesome and will do great things in the future. Will subscribe bc of this interview

  • @silasdee7865
    @silasdee7865 ปีที่แล้ว +2

    Wow, such a bright kid!

  • @dizbetam1
    @dizbetam1 ปีที่แล้ว +3

    Wow amazing interview

  • @pgcontract729
    @pgcontract729 ปีที่แล้ว +3

    With a 10x on 4.5K accnt, how exactly does one grow that with the PDT rule on the way to 25K?

    • @jotunngigantopithacus
      @jotunngigantopithacus ปีที่แล้ว +2

      Exit using box spreads or after market close to avoid PDT

    • @bidmcms3
      @bidmcms3 ปีที่แล้ว +1

      PDT has nothing to do with it. You can swing (not day) trade, buy options, use margin, and other leverage vehicles.

  • @MissionMuscleUp
    @MissionMuscleUp ปีที่แล้ว +4

    Almost sounds like Michael Jackson

  • @sr-sr592
    @sr-sr592 ปีที่แล้ว +4

    i just cant seem to get to the actual strategies used

    • @cluggyahoo
      @cluggyahoo ปีที่แล้ว +3

      Neither can I 🙁

    • @beefquiche
      @beefquiche ปีที่แล้ว

      @@cluggyahoo ask me anything

    • @monstersquad13
      @monstersquad13 ปีที่แล้ว +5

      They said a whole lot of nothing. All I learned from him was "Yah"

    • @solarscience5815
      @solarscience5815 ปีที่แล้ว

      Tom broke it down, he said it was a Basis trade

  • @georgeb9586
    @georgeb9586 ปีที่แล้ว +3

    Good stuff!

  • @adieucourtier5812
    @adieucourtier5812 ปีที่แล้ว

    Really agree with Tom at 22:00 ! In Europe making money out of the markets still generates envy and jealousy...

  • @tradestock3303
    @tradestock3303 ปีที่แล้ว +3

    Great bro..

  • @TheEconomicElder
    @TheEconomicElder ปีที่แล้ว +3

    Teach this kid to sell options.

  • @options.trading.
    @options.trading. ปีที่แล้ว +2

    That's rad! 😎

  • @thetradersam6157
    @thetradersam6157 ปีที่แล้ว +2

    this kid will be a multimillionaire by 25 ....

  • @cindy68780
    @cindy68780 ปีที่แล้ว +1

    Nice job

  • @bossbabydotone1174
    @bossbabydotone1174 ปีที่แล้ว +3

    The next Warren Buffet

  • @rocastyle86
    @rocastyle86 ปีที่แล้ว +1

    Hiring him at tasty

  • @putt7515
    @putt7515 ปีที่แล้ว +5

    Elizabeth holmes voice

  • @zdzczx7660
    @zdzczx7660 9 หลายเดือนก่อน

    Great US market sure with rampant naked shorting and hostage regulators

  • @premiumtrades
    @premiumtrades ปีที่แล้ว

    Wow! This guys got it , very intelligent

  • @Simon-xi8tb
    @Simon-xi8tb 5 หลายเดือนก่อน

    Ja. Hans did gut

  • @johnkingangimwithiga
    @johnkingangimwithiga ปีที่แล้ว

    exporting energy through out continents

  • @stephenkutney9626
    @stephenkutney9626 ปีที่แล้ว +1

    To understand Jacob, read Irreversible Damage by Abigail Shrier

  • @Paragon_Reason
    @Paragon_Reason ปีที่แล้ว

    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?

    • @TheBboyjoakim
      @TheBboyjoakim ปีที่แล้ว

      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.

    • @bidmcms3
      @bidmcms3 ปีที่แล้ว

      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

  • @bingebinge3722
    @bingebinge3722 ปีที่แล้ว +1

    What did you find this kid!?!?

  • @tanvoo
    @tanvoo ปีที่แล้ว +1

    great kid!

  • @martg0
    @martg0 ปีที่แล้ว +1

    Which author is the book?

    • @jonesr227
      @jonesr227 ปีที่แล้ว +1

      Burton G. Malkiel

  • @nomad74777
    @nomad74777 ปีที่แล้ว +1

    Good lord.

  • @MsLemons12
    @MsLemons12 ปีที่แล้ว +5

    How does a 14 year old get $4500? Lol

  • @ajaxtv3671
    @ajaxtv3671 ปีที่แล้ว +6

    this interview is straight fluff and ego stroking. he never explained what he did.

    • @VicDamoneJr82
      @VicDamoneJr82 9 หลายเดือนก่อน

      😂😂😂 I got nothing from this just a bunch of jargon

  • @zachschwartz1586
    @zachschwartz1586 ปีที่แล้ว +1

    Yaaaaaa

  • @zachschwartz1586
    @zachschwartz1586 ปีที่แล้ว +1

    Lol he said ria.. it’s an IRA.. also zom and sndl are penny stocks.. he said he didn’t trade penny stocks

  • @ethanluo7355
    @ethanluo7355 ปีที่แล้ว

    for the future rising stars - please show at least one example of how the star made money, please

  • @christianfiguroa7147
    @christianfiguroa7147 ปีที่แล้ว +1

    I like his voice

  • @jsh111
    @jsh111 ปีที่แล้ว

    "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.

  • @wyatthale555
    @wyatthale555 ปีที่แล้ว

    Hire him Tom!

  • @michaelsingletary3412
    @michaelsingletary3412 ปีที่แล้ว

    yah.

  • @macfiona4545
    @macfiona4545 ปีที่แล้ว +7

    His “Ya” is so Germanish

    • @TheHeathbr
      @TheHeathbr ปีที่แล้ว +3

      Yaaas

    • @andrejkrywcun1334
      @andrejkrywcun1334 ปีที่แล้ว +1

      But absolute nothing else sounds like german accent

    • @cluggyahoo
      @cluggyahoo ปีที่แล้ว +1

      Yas, but it seems to be working for him haha

  • @16grand
    @16grand ปีที่แล้ว +1

    Lol,
    Without GME AMC

  • @eyelessclowned
    @eyelessclowned ปีที่แล้ว +1

    Yah yah yah

  • @BoundMusic
    @BoundMusic 5 หลายเดือนก่อน

    why is his voice like that? :)

  • @gapperx9068
    @gapperx9068 ปีที่แล้ว +18

    Has Jacob even gone through
    Puberty? Doesn't sound like it.

    • @willcollins5660
      @willcollins5660 ปีที่แล้ว

      3:27, listen here, you will found out the reason.

  • @rocastyle86
    @rocastyle86 ปีที่แล้ว +1

    SOS IS LIKE BE MY SON

  • @_f_6957
    @_f_6957 ปีที่แล้ว +1

    Imagine if this kid traded forex.

    • @hunt1110011
      @hunt1110011 11 หลายเดือนก่อน

      he loses...badly, like the 99.99%

  • @jerrywade3599
    @jerrywade3599 ปีที่แล้ว +1

    8:58

  • @dannysong5645
    @dannysong5645 ปีที่แล้ว +1

    Yuh

  • @MrKiNgTV-vn2bu
    @MrKiNgTV-vn2bu 11 หลายเดือนก่อน

    Jpp, a hamster in his head is definitely running crazy fast.

  • @patrickt.8250
    @patrickt.8250 ปีที่แล้ว +4

    Tough watch

  • @theweird6722
    @theweird6722 ปีที่แล้ว +1

    #alien

  • @Lukas-cm2b
    @Lukas-cm2b ปีที่แล้ว

    thank you for your great videos but titles like this sounds little bit cheezy

  • @tombraon1006
    @tombraon1006 11 หลายเดือนก่อน

    Strategy? Haha

  • @hrbllc4206
    @hrbllc4206 3 หลายเดือนก่อน

    Ew

  • @MNTrader2012
    @MNTrader2012 ปีที่แล้ว +3

    A completely worthless interview. Zero info on what he did turning 4k into 40k

  • @Arun_trades
    @Arun_trades ปีที่แล้ว

    Is Jacob a boy or a girl or transitioning from one to another? Can't figure out by the sound of the voice.

  • @_.Dave._
    @_.Dave._ ปีที่แล้ว

    Took him 11 months to make 3.5%... Rising Star? yikes.

  • @goobtron
    @goobtron ปีที่แล้ว

    Is this a boy or girl?

  • @Thegringopapi
    @Thegringopapi ปีที่แล้ว

    Lol what’s a meme stock ? A stock that is popular? Sounds terrible

  • @willcollins5660
    @willcollins5660 ปีที่แล้ว

    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?

  • @byoken
    @byoken ปีที่แล้ว

    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.

  • @VoiceOfReason919
    @VoiceOfReason919 ปีที่แล้ว

    Tim dillon