He was talking mainly about options, which is completely cryptic without proper education. Options are technical. I see you're far from understanding anything about it.
go to 35:30 to hear the ten things you need to know- otherwise Tastytraders find nothing new here. And it isn't trades, it's "approaches". (Derivatives, Futures, Pairs trading, Basis improvement, basis reduction, Arbitrage, yield curve, hedging, volatility, digital currencies, selling premium.)
I really like Tom Sosnoff's explanations of what is really important to understand about the markets. He has a great common sense approach and is excellent at explaining complex financial issues in a simple yet entertaining fashion.
He was talking mainly about options, which is completely cryptic without proper education. Options are technical. I see you're far from understanding anything about it.
He was talking mainly about options, which is completely cryptic without proper education. Options are technical. I see you're far from understanding anything about it.
RECAP (for the vast majority of you for whom it won't make sense, seek options education. You won't find it in social networks, just a hint). 1. Understand how derivatives strategies work 2. Understand the futures business. "For it drives the securities business". Most amount of leverage, most amount of liquidity. 3. Pairs trading. Understanding the correlation between correlated underlyings (unaudible!). How correlation works, how price divergence works. 4. Trading volatility as a mean reverting value. There is no such thing as mean reversion with respect to price - it is completely subjective. Whence volatility is truly mean reverting : there's a math model behind it. With price, it's just subjective. Understanding that, and looking for opportunities that way, "is kinda neat". 4. Yield curve. Being able to articulate interest rates and the yield curve. Very important :once you get to a certain level, everybody cares about interest rates, and yet very few people can understand them. A young person that can explain widening and tightening of interrest rates and how that yield curve works, "is very impressive". 5. Val orb. The essence behind the entire professional world of finance. Understanding volatility, knowing how it works, and its expected move, and how correlation plays a role with respect to premium and volatility is a special skill, and very few kids have it. 6. Hedging. Knowing that individual stocks, individual underlying, are very difficult to hedge, and probably not worth it. Because the expected move is greater than the realized move, you have to pay the price of that expected move, which means it doesn't work (or it's not worth it). Hedging is a portfolio of things. Understanding essentially that volatility is a measure of fear, is a measure of expected move. As soon as you learn how to take advantage of volatilty, because you understand what it really is - "fascinating stuff". 7. Digital strategies; get what it is. Being able to undertand blockchain, various currencies, just to make you well rounded, informed, (...). 8. Selling premium. It is critical to understand how it works, the logic and the math behind it, because it is the one way to take advantage of outsized volatility. 9. Lastly, basis improvement. The key to long term, scalable, repeatable success.
@@moneybags6840 Ever heard of gratitude and the word Thank You. Learn and practice them more often. They’ll make you a better person and even a better trader.
I didn't realise that I learned so much rubbish stuff until I watched this video. Thank you Tom for your great content which sets a correct direction for us to learn and work towards to. 👍👍👍👍👍
The video was great and informative! I now need to dive deeper into the 10 things he discussed. What is the percentage of viewers that understand everything all 10 things he discussed? Now I need a course on each individual 10 things I need to know! If anyone can refer me any further information to explain what he was saying (it was clear of what he was saying. It’s just that I just have a bachelor’s in finance from online college, which actually means nothing 🥴) I’d appreciate it!
Me listening to this and thinking about all the great opportunities in stock market during the pandemic and also the slow recoming to normal life where there are more jobs than people can have
Hi Money Show or Tom. Can you please list the Top 10 that Tom listed? I watched the whole video but the audio cut in and out when he was listing them. Thanks!
How strange when they taped this, they did not shoot the slides played on the screen. I thought he had no slides. I only realized he was using slides when he said at one point that "this is my last slide".
"Wealth is not created from being right. Wealth is created from being smart." This guy has so many quotables "How can you have scalable success in random markets?"
Please recommend one best prop firm you would deal with now & WHY. In traders Prop Accounts is Hedging Allowed(firm names)? Also For Hedged positions Is any margin required after hedging is completed? For open hedged positions carried overnight how is daily loss limit calculated next day of trading?.And thank you.
First of all, Tom has to boil down a topic that is arcane and powerful as we who operate knows. Second, he is gracious in the fact that the mic doesn't work perfect. Just like options trading. If you don't get the analogy, go sell real estate. No, I don't know this man, he is trying to say something complicated in terms the audience can understand.
I didn't get it. Why make a portfolio flat? Isn't there a way to make a pure vol play if that's what you want to do? Otherwise if you want to make it flat, and willing to overlook tax implications, just close all positions. Ah, "flat" in terms of a single underlying, eg delta neutral in terms of SPY. Not delta neutral for all deltas
Tom seems to oppose the "keep it simple" .. and I don't think his trading record is public in any way.. All we know is he sold a platform and made alot of money..
I think it's funny that his first point on what he thinks is important to understand, I don't even understand the 2 things he said before that weren't important to him. The scholes model (heard of it) and the math behind the greeks (still working on that one). Really lets you know where you stand among your peers in comprehension.
I'm slowly slowly getting there. Thank God I realised all the many charlatans lurking before I fell for it ( some MFer will reply to this " wow I lost so much $$ before I met X. email him for results! wow!")
Go ahead sell puts on futures. The first crash next year or 2 years from now you’ll blow up your account and owe the broker money. You’ll get margin called long before put goes itm from iv expansion. Very dangerous to do this. Ask Karen the super trader about blowing up account without your puts even close to the money.
All of this only works on the subset of corporations that increase quarterly profits. Once consumer spending slows down, once corporations go out of business, trading is irrelevant. This guy runs a brokerage firm and his main job is to get people on his platform to trade options, where he makes commission. Good luck trading in a market where your competitors are computers and quants.
Two thumbs down 👎🏻👎🏻, content sounds convincing to the untrained ear but holds no merit. The stockmarket doesn't operate on any of this information because the stockmarket is controlled by individuals and data points are just explanations of past & present actions of said individuals. Like Tom the speaker said and should have taken heed, the stockmarket doesn't care what you think you know. 😎
@@junal27 I've watched their daily videos a few years ago. From what I remember they over trade. In essence things with high implied volatility they will trade....sometimes products have high implied volatility for a reason.
@@Doc_Ozzo isn’t that the essence of trading premium as a writer? Trading volatility and reducing delta exposure is part of the game, if you master it you make a good money
@@junal27 So, I have been trading and investing consistently for 7 years. I find what is most helpful is to construct the appropriate market narrative. You can use market profile, technicals etc to help you build your narrative. You then trade around this narrative in products you are comfortable with. For me that's QQQ/SPY/TLT and a handful of others (I like the MWF expiration on QQQ/SPY. Selling puts/calls because of high implied volatility alone is not the best approach.
Shadow Trader is a good example of building the appropriate market narrative, I don't copy his trades as I do my own thing. But check out his videos, fairly solid.
We can hit a pack of cigarettes with a missle from a thousand miles away but the art of a reliable microphone is technically beyond reach.
Pleases stop whining.
It's comments like these that start businesses.
If they spent $10 million on the microphone then it would probably be as reliable as the missile.
Hilarious
Lmao, but great information ℹ️
32:10 "wealth is not created through being right. Wealth is created through being smart."
Tom always gives you interesting ideas to snack on!
that was dumb
Seriously man, you're a, idiot. How old are you?
He was talking mainly about options, which is completely cryptic without proper education. Options are technical. I see you're far from understanding anything about it.
@@jackbarhillel1065 normally a 9-month old TH-cam account reeks of scam, but your "RECAP" comment (if you didn't steal it) was good.
@@OurNewestMember Man, "snack on" was clearly not the point here. He's talking about financial litteracy. Peace
I'll take any Sosnoff talk even with bad sound issues. Thanks, Tom!
I am so sorry that I havent had discovered Tom Sosnoff all these years! finally so glad I found this guy.
go to 35:30 to hear the ten things you need to know- otherwise Tastytraders find nothing new here. And it isn't trades, it's "approaches". (Derivatives, Futures, Pairs trading, Basis improvement, basis reduction, Arbitrage, yield curve, hedging, volatility, digital currencies, selling premium.)
You are a hero
You will save years of people's time collectively.
Thank you. This guy gets paid to talk not get to the point.
🙌🙌🙌
thank you!!!
"Volatility is essentially a measure of opportunity, its just a fear gauge"
I really like Tom Sosnoff's explanations of what is really important to understand about the markets. He has a great common sense approach and is excellent at explaining complex financial issues in a simple yet entertaining fashion.
He was talking mainly about options, which is completely cryptic without proper education. Options are technical. I see you're far from understanding anything about it.
I really like Tom. He explains things in a way that is easy to understand
He was talking mainly about options, which is completely cryptic without proper education. Options are technical. I see you're far from understanding anything about it.
lol, you're saying that while obviously you didn't get a single word of it all 😅😅
It’s not very common to find out so much grade A information in 39 minutes. Thanks for sharing this video and thanks of course to Tom.
RECAP (for the vast majority of you for whom it won't make sense, seek options education. You won't find it in social networks, just a hint).
1. Understand how derivatives strategies work
2. Understand the futures business. "For it drives the securities business". Most amount of leverage, most amount of liquidity.
3. Pairs trading. Understanding the correlation between correlated underlyings (unaudible!). How correlation works, how price divergence works.
4. Trading volatility as a mean reverting value. There is no such thing as mean reversion with respect to price - it is completely subjective. Whence volatility is truly mean reverting : there's a math model behind it. With price, it's just subjective. Understanding that, and looking for opportunities that way, "is kinda neat".
4. Yield curve. Being able to articulate interest rates and the yield curve. Very important :once you get to a certain level, everybody cares about interest rates, and yet very few people can understand them. A young person that can explain widening and tightening of interrest rates and how that yield curve works, "is very impressive".
5. Val orb. The essence behind the entire professional world of finance. Understanding volatility, knowing how it works, and its expected move, and how correlation plays a role with respect to premium and volatility is a special skill, and very few kids have it.
6. Hedging. Knowing that individual stocks, individual underlying, are very difficult to hedge, and probably not worth it. Because the expected move is greater than the realized move, you have to pay the price of that expected move, which means it doesn't work (or it's not worth it). Hedging is a portfolio of things. Understanding essentially that volatility is a measure of fear, is a measure of expected move. As soon as you learn how to take advantage of volatilty, because you understand what it really is - "fascinating stuff".
7. Digital strategies; get what it is. Being able to undertand blockchain, various currencies, just to make you well rounded, informed, (...).
8. Selling premium. It is critical to understand how it works, the logic and the math behind it, because it is the one way to take advantage of outsized volatility.
9. Lastly, basis improvement. The key to long term, scalable, repeatable success.
You're a star :)
Ever heard of time stamps?
@@moneybags6840 ever heard of do-it-by-yourself ?
@@moneybags6840
Ever heard of gratitude and the word Thank You. Learn and practice them more often. They’ll make you a better person and even a better trader.
Thank you.
This is what I needed today. I sell premium in high volatility all the time. I love trading vertical spreads and time to time calendar spreads.
so many golden nuggets in this talk. Tom Sosnoff is a great individual to learn from. Very passionate about the markets
This info sounds so valuable that every sound cut drops it catastrophically.
🤣
,😂😂 so true
I didn't realise that I learned so much rubbish stuff until I watched this video. Thank you Tom for your great content which sets a correct direction for us to learn and work towards to. 👍👍👍👍👍
Good talk, I wish they'd shown the slides.
One of the best teachers out there. If you can understand him and put the effort to grasp what he teaches you are set for life!
What a load of shit!! He's getting people excited about making loads of zero edge trades to generate volume for his brokerage Tastyworks.
Amazing person 🎉
What did he say exactly at around 13:28? Walarp...vol arp, something related to volatility but I cant figure out.
"Vol Arb" I think. Volatility Arbitrage www.investopedia.com/terms/v/volatility-arbitrage.asp
yep ^
Vol. arb = "volatility arbitrage"... Hope that helps!
Volatility arbitrage
Aka vol rip
The video was great and informative! I now need to dive deeper into the 10 things he discussed.
What is the percentage of viewers that understand everything all 10 things he discussed? Now I need a course on each individual 10 things I need to know!
If anyone can refer me any further information to explain what he was saying (it was clear of what he was saying. It’s just that I just have a bachelor’s in finance from online college, which actually means nothing 🥴) I’d appreciate it!
You just gotta hit Google like the rest of us. Unless you know an active trader....
Love Tom and his crew. He's loaded with knowledge and shares it for all
Volatility is mean reverting. I will hold this near and dear to my heart.
Tom You are a genius!!!
Such a masterclass condensed in such a short time! So sad the sound issues made it sometimes difficult to understand.
"Bull markets make people into geniuses that aren't geniuses"
Knowing the type of market you are in does that.
it does if you were buying during the bear market.
Me listening to this and thinking about all the great opportunities in stock market during the pandemic and also the slow recoming to normal life where there are more jobs than people can have
Buy and forget it outperforms all market experts
The person in charge of the sound should take a minute to think about life choices.
Clutch sound guy. Sound gets fixed around 3:00 so hang in there
Sound gets fixed for a few minutes, but cuts out and is shitty elsewhere in video.
I was tricked into watching by the title, but now I'm glad I did
5:37 Markets go to liquidity, and markets go to leverage. The single most liquid, leveraged marketplace is the futures market. PRODUCT INDIFFERENCE.
Hi Money Show or Tom. Can you please list the Top 10 that Tom listed? I watched the whole video but the audio cut in and out when he was listing them. Thanks!
My gut feeling can sniff off when somebody has a real knowledge.
Damn he was soooo right!
19:35 My mind is blown, its all starting to click now
No slide show?
😆🤡
How strange when they taped this, they did not shoot the slides played on the screen. I thought he had no slides. I only realized he was using slides when he said at one point that "this is my last slide".
Agreed, this valuable lecture would be more useful if all of us could see those slides.
I agree - very frustrating there were no slides w/ this :-(
Good job out of you Tom
Great content, but fucksakes the sound cutting out is killing me. Thank you for the video though
"Wealth is not created from being right. Wealth is created from being smart." This guy has so many quotables
"How can you have scalable success in random markets?"
Shill for Tastyworks
Im not sure if he said "Bow Arm" or Val arp.. I did not get this expected move ides .. Val arp??.. anyone know what he actually said
Vol arb short for volatility arbitrage
Please recommend one best prop firm you would deal with now & WHY.
In traders Prop Accounts is Hedging Allowed(firm names)? Also For Hedged positions Is any margin required after hedging is completed? For open hedged positions carried overnight how is daily loss limit calculated next day of trading?.And thank you.
I wonder if Tim Sykes can explain this way
First of all, Tom has to boil down a topic that is arcane and powerful as we who operate knows. Second, he is gracious in the fact that the mic doesn't work perfect. Just like options trading. If you don't get the analogy, go sell real estate. No, I don't know this man, he is trying to say something complicated in terms the audience can understand.
Thanks for posting the lecture. Great flow. Shoot the sound guy.
No, instead of shooting the sound guy, sever his testicles and THEN shoot him. Was a crime to ruin the sound like that
I wish that a not so young people could also get a position like young people managing money
I didn't get it. Why make a portfolio flat? Isn't there a way to make a pure vol play if that's what you want to do? Otherwise if you want to make it flat, and willing to overlook tax implications, just close all positions.
Ah, "flat" in terms of a single underlying, eg delta neutral in terms of SPY. Not delta neutral for all deltas
let say the market crash, you not able to get out...at least delta hedge would save you a bit
the lanyard keeps hitting the mic... he should have taken iff the lanyard to make sound better
Base reduction make u miss buying hr price on spot so u loss long term large profit protection vs small loss if buy right on spot
Sound never gets fixed
Puts on the sound guy
Alot of people doesnt know but Tom is Barbra Streisand's brother.
Awesome video terrible sound
Tom seems to oppose the "keep it simple" .. and I don't think his trading record is public in any way.. All we know is he sold a platform and made alot of money..
Wow this guy is smart
I wonder if AI will dominate this industry soon
I wish this sound wasn’t so messed up :/
what is val ARP ?
Volatility arbitrage
is he saying VolR around 15min? I can't make out what exactly he's pronouncing.
he predicted the future 6 years ago
As always, great info Tom! I think I may be ready to Taste the Trade!
Don't you'll lose your money!!!
show the screen
Tom is playing chess while the rest of us are playing checkers.
the mike guy!!!! you had one job!!!!
How do you know that? Maybe he had many jobs
I think it's funny that his first point on what he thinks is important to understand, I don't even understand the 2 things he said before that weren't important to him. The scholes model (heard of it) and the math behind the greeks (still working on that one). Really lets you know where you stand among your peers in comprehension.
I'm slowly slowly getting there. Thank God I realised all the many charlatans lurking before I fell for it ( some MFer will reply to this " wow I lost so much $$ before I met X. email him for results! wow!")
Whoever produced this must be in 3rd grade. What a shame.
Darn that microphone!
Go ahead sell puts on futures. The first crash next year or 2 years from now you’ll blow up your account and owe the broker money. You’ll get margin called long before put goes itm from iv expansion. Very dangerous to do this. Ask Karen the super trader about blowing up account without your puts even close to the money.
What if I one is a monster genius and can predict the future?
He has been short ES since 1500. Makes money from creation, not trading results.
wym
Spot on!! He owns a brokerage Tastyworks.
True kind genius
How much worse would the original mic have done?
Most funds can’t even match a spx index fund. Now you can underperform one too by employing these old, overly complicated strategies!
What in the absolute fuck is this? How does this happen in this day and age where a man goes on stage with a faulty microphone. Unfucking forgivable.
All of this only works on the subset of corporations that increase quarterly profits.
Once consumer spending slows down, once corporations go out of business, trading is irrelevant. This guy runs a brokerage firm and his main job is to get people on his platform to trade options, where he makes commission. Good luck trading in a market where your competitors are computers and quants.
Lol
is it your opinion that it is impossible for a retail trader to be profitable long-term?
@Ian Anderson
You’re correct. Long term is the way to go, or a a swing trader isn’t that bad.
VERY CRAPPY AUDIO TASTYTRADE
Get new micro 🎤 phone
I HATE THIS
Two thumbs down 👎🏻👎🏻, content sounds convincing to the untrained ear but holds no merit. The stockmarket doesn't operate on any of this information because the stockmarket is controlled by individuals and data points are just explanations of past & present actions of said individuals. Like Tom the speaker said and should have taken heed, the stockmarket doesn't care what you think you know. 😎
Why he's wearing hat all the time?
Why do you care?
@@silverechohawk5315 Weird, he has long hair!
I don't think he's balled?
He's trying to teach you how to make money and your concerned about his use of a hat.
That's his signature ... He is a famous and successful option trader
The robust shorts seasonally pedal because rose presumably smoke below a quack stock. questionable, lackadaisical tie
whats with the goofy hat he always wears
😂😂😂😂 I've always wondered as well
He's exercising his option
Terrible trader, but entertaining none the less
What would you change or suggest out of his trades?
@@junal27 I've watched their daily videos a few years ago. From what I remember they over trade. In essence things with high implied volatility they will trade....sometimes products have high implied volatility for a reason.
@@Doc_Ozzo isn’t that the essence of trading premium as a writer? Trading volatility and reducing delta exposure is part of the game, if you master it you make a good money
@@junal27 So, I have been trading and investing consistently for 7 years. I find what is most helpful is to construct the appropriate market narrative. You can use market profile, technicals etc to help you build your narrative. You then trade around this narrative in products you are comfortable with. For me that's QQQ/SPY/TLT and a handful of others (I like the MWF expiration on QQQ/SPY. Selling puts/calls because of high implied volatility alone is not the best approach.
Shadow Trader is a good example of building the appropriate market narrative, I don't copy his trades as I do my own thing. But check out his videos, fairly solid.
39 minutes talking not even 1 chart? wth
You are pathetic, you can't see the value here. INCREDIBLE value here.
😆
this guy is an intellectual and rich but looks like a truck driver.
You're focused on how he looks? Rethink.
You like like a chaprasi
@nftfarmer777
That’s part the whole hustle.
Someone get that audio stagehand replaced!