$100k Trader's Secrets to Win 80% of Trades | tastylive Rising Star
ฝัง
- เผยแพร่เมื่อ 2 มี.ค. 2024
- 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
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.
7:00 Started off with $10k; iron condors
11:30 Losing 20% of account in 2022
13:30 Naked options; strangles; futures options
14:30 100k account in 2023; up 60% 17:30
20:40 Black swan hedge
23:00 Rolling
25:55 *80% win rate; losses capped to 3% of account*
27:20 Options only, NO stocks these days
One of the best of these interviews; lots of detail on how he is handling his trading. Way to go Joe!
My portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incoporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.
Invest in real estate, ETfs and high-yield savings account.
Just buy Gold and protect your assets, the stock market is a rollercoaster.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on Etfs and actively managed funds. I am up by 78% in 6 years under guidance.
I fired mine 13yrs ago. now I am beginning to see the benefits, how do I get one? Considering your point I won’t want to get into a bubble. Can you recommend any?
"Heather Ann Christensen" is who i work with and she is a hot topic even among financial elitist in New York. Just browse, you’d find her, thank me later.
Great production. Much appreciated. Thanks.
From one Joe to another, keep it up boi!!
Great guy, inspiring interview!!
Great video. Thanks!
2023 was a great year for Strangles on the SPX only up until October. How could you not have lost a ton in November and December when the SPX went from 4,100 to 4,700 with the vol also compressing massively? I had big losses myself.
I didn't understand very well the rolling strategy. First, he said he would roll the winning side to the 30-40 delta when the strike on the Puts is breached. That's fine and exactly what I do also. But then he said he only rolls the tested side at 21 DTE. Well, how is that possible? If he had done that with SPX Calls in Nov, they would be so much ITM that he would not have been able to roll. I rolled mine way earlier and still ended up losing a ton, as I mentioned.
I don’t see how you can stay small and get a 60% return. I think this guy, if his returns are legit, is def not staying small.
Great Video Joe ! I really enjoy these Rising Stars because it shows the pitfalls and the victories! It gives your avg trader hope! Thank you for sharing
Awesome. I love to see regular Joe's making the strategies work.
Thank you guys! Great segment!
21:13 "It's almost impossible to hedge against a true Black Swan event" -Tom
Great content!
LOVE the Rising Star vids. Please... MORE!
these are my favorite shows you put on.
Great segment
if all you trade is strangles on futures options several months out, with very little management, using only 30% of your BP, then how is it possible to have 20+ trades per day???
My question, too.
I think I figured it out. He counts all adjustments as a trade, as well as hitting 50% profit targets. He also said he goes to 50% of BP. So, everyday some trades hit their profit target, then a new trade has to be put on; that is two trades for that day. And everyday some trades need to be managed, rolling up the untested side. This can happen a few times on the same position over the course of the week if the market continues to trend. And then some trades at taken off at 21 DTE, counting as a trade and requireing a new position. And some trades hit the max loss target and can't be adjusted to capture more theta. They also require a new position, so two trades. It makes sense now that I think about it. Answering this question has given me a clear understanding of job.
@@steverideout736 trust me, i am managing my portfolio of roughly the same size as his using the same strategy, i barely place trades.
i wish it was as you said that trafes would hit their profit targets every day.. it!s not like that
Love rising star!
Great and very modest guy, not angry loosing in the beginning, knowing, all the best
Very motivating for new option traders like myself😊
very usefull interview
excellent
You could use a volatility hedge against a black swan event. A hedge that was large enough to cover up to your max loss allowable be that 1%, 3% or 5%.
Ive had the bug for 20 years keep it up Joe
It’s clear as day that he studied Julia and Anton’s book, way to go Joe!
the name of the book
@@petecarmenate7614 “unlucky investors guide to options trading”
smart kid. very well spoken
You can indeed have a black swan hedge so long as you clearly define what that is.
How much does the market crash?
What level will IV reach?
In how many days?
Then the question becomes how do you put on the hedge cost effectively.
Why does it look AI generated?
Let’s goooo
Look at all the bitter, jealous traders in the comments lol
I been trying to learn the market and i have NO idea what hes talking about. i know iron condors as well. thats it lol
Yeah, I'm going to call BS on you "making sense" of the Black-Scholes' options pricing model.
Do you have any questions concerning the B-S model that we can help you with?
I’m gonna call BS on your comment. A lot of people have made sense of the Black Scholes model.
@@thecoveredcaller Sure, as much "sense" as the 80% bodyfat, land mass, you call a wife has made of it.
The options greeks are partial derivatives of the Black-Scholes Model.
@scottcampbell7944 Sure, but understanding the entirety of the equation, e.g. all of the derivations, relevant tautologies, and critiques are what I am skeptical this kid understands. Hell, he may not even understand the greeks.
This will work until it doesn’t. Dude is going to get kicked in the face when he loses half his account from rolling losers.
You must not have watched the whole video
Stunning insight
Wow we have a super trader in our midst.