@@sethhanson4485 5% ideal loss - 10% max loss per trade - your best trades go your way immediately i then add to winners all the way up or down, close on first sign of reversal, high speed horse race, 1 click trading, holding losers is what kills most traders
I'd like to see numbers on selling a tight strangle instead of a straddle since you can't exactly pin a straddle to open. Example: 4787 open, you sell a 4785/4790 strangle. Then when it moves, adjust it to your straddle, giving you a small win and a straddle shortly after open. I did the first trade at 835am and adjusted at 854am. Open $14.95 cr and $2.50cr for the roll. I'd like to see some programmability to automate the roll: if it goes up, roll the put up to the call, if it goes down roll the call down to the put. I don't think it makes much difference, looking at the prices while the market is closed but who knows. It certainly does provide a tiny amount of risk reduction at perhaps the expense of a tiny bit of credit.
Also Look for Spike ups or Spike downs in the market on a 15 minutes bar basis to Enter a new trade... These intraday spikes will nudges the Inner Strangle 0DTE IV higher (not usually effect the 30DTE strange IV that much) and this enables the 20% winner roll to happen sooner when the intraday market fades back to inactivity during the day sooner or a bit later ?
You should redo your research the same in 2024. If not all your research at least the ones you rely on. Firstly if its good research it should be repeatable. And secondly, it will confirm that traders have not changed as they adapt to the new trading vehicle. I think zero DTE traders are adapting.
Question for anyone who might help: Is there a VIX for calls only? For me, the VIX is not very helpful because a higher VIX just tells us that "both" calls and puts are experiencing higher implied volatility than some previous time. However, if there were a VIX for calls (and another for puts) than we could tell if traders are bidding up calls or not, similarly for puts. I'm shocked CBOE doesn't provide that.
True... Yes... but the Exchanges are NOT on the side of Retail.... and getting less so every decade. But still, trading with discipline can over come this and manage profits but it is one of the reasons trading is so 'freakin' hard.
I appreciate Tom’s romantic nature. He obviously loves his wife to celebrate the date he “met” her. I do, too. For me that day was Saturday, April 23, 1977. Glorious evening that!
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields
I’m intrigued by your progress. Could you share some insights into your investment strategy or perhaps recommend any specific resources or mentors that have led to your success.
Claimed for a player to be named later and cash. Lucky girl! I do wish that the episode that talked about the 0DTE with the 30 day wings was listed in the description or added as an end credit.
When choosing the 30 DTE wings, they say to put them at the expected move. Is that at the expected move of the 0 DTE expiration or the 30 DTE expiration? I ask because they are quite different and I'm not sure that using the 30 DTE expected move gives you much protection because it's so wide.. And honestly, I'm not sure how much protection the wings give, even with the tighter wings? If you get into a losing trade where the underlying had a very large move, will the 30 DTE value increase enough relative to the zero DTE loss that it's not a major loss?
Thats the problem I also saw with the way they chose the 30D expected move wings. They provide no protection and the buying power is barely reduced due to how expensive the 30 strangle is. There are many other strategies imho that do similarly well with actual protection or at least reduced BP
I wish it were easier to place the 0/30 diagonal. Had a pain of a time trying to enter the trade in separate parts. Name it something and allow us to shoot the whole spread out at once please!
I tried both of these order entries w/ ToS and no luck. I had to customize it as an "OCO" order in the option chain (on desktop, i think the app is easier to make custom option orders). I'm really not sure i understand how the mechanics of this trade work though... would love to see more explaination.
@@saltwaterwizard my take on this double diagonal is it's trading just like a 0dte iron fly, but the long dated diagonalized wings gives you better chances of rolling out of losing sides. You can bring the wings in closer in time, 30 days is excessive and wastes bp, imo. You can try 14d or 7d. Or you can stick with the old 45dte iron condor with management at 21 days, a lot easier to trade those.
@@fuzzyboomboom9742 Awesome thanks! I've been doing a lot of research and its coming along. I understand what you mean by rolling out the wings but not super clear on the effects of breaking an iron or fly. Nothing a couple hours of messing around in analyze can't fix ;)
ZERO DEE TEE EEZ .... the most relentless form of market manipulation out there. Market wouldn't be this choppy at specific times perfectly plaid to kill premiums
As someone new to trading, I find your videos almost impossible to understand. I don't know the accronym lingo. If you want to pull in us new folks, I recommend getting a person to present this as if they don't know anything about trading. For example the statement " we managed this really early". What does that even mean. It would be a good beginner series to take the same video and have a person pause it and throw in the basic translations.
There are plenty of beginner series. Just search for them. Most of the people watching these have been watching for years. So you can't expect them all to be for beginners.
I've spent the last year watching Tasty videos. When I started I would say the same thing you just said. They have a ton of info on their website. And like someone else said, check out the series 'Mike and his White Board'. I almost gave up and stopped for a few weeks. Stick with it. It's a large learning curve, but it will get easier. Another good TH-cam channel to learn from is 'ProjectFinance'. He does a good job of explaining options trading.
Almost all of your channel's videos have too many digressions which prevents them from communicating any useful information. We're not watching for sidebars about football and wedding anniversaries.
@@KurtVogel88 if you want to learn you’ll learn. If you want someone else to do all the work, you’ve already lost. Mine is the most helpful comment you could get. Good luck.
These videos are short snips from the daily show. You will pick up one or two things each clip. I was frustrated in the beginning but learned quite a bit over months. Stick with it.
Daytrading 0 DTEs, even ATM, can be interesting because you can have decent PoP going for 20% of the credit. Do it naked or 2 wide where it's practically naked. Use a stop at 20%-30% of the credit. Charm decay almost works on a 5-min candle period. You need a set-up involving an interaction with a support/resistance moving average. I don't have enough data to recommend but anecdotally, can be interesting.
i cut my losers immediately & i rarely lose - 80% of all my trades are ZERO DTE scalps- Best bang for your buck of any trade on the market 📈🇺🇸🙏🏻✌️
How do you define “loser?”
@@sethhanson4485 5% ideal loss - 10% max loss per trade - your best trades go your way immediately i then add to winners all the way up or down, close on first sign of reversal, high speed horse race, 1 click trading, holding losers is what kills most traders
Prove it
What types of trades do you usually place? is it flys, straddles/strangles, spreads, (debit or credit)?
"What did you get for your anniversary? A wide iron condor?" killed me
…then you came out 😂😂😂
I didn’t trade them two years ago, now I trade them everyday.
What are your mechanics?
I'd like to see numbers on selling a tight strangle instead of a straddle since you can't exactly pin a straddle to open. Example: 4787 open, you sell a 4785/4790 strangle. Then when it moves, adjust it to your straddle, giving you a small win and a straddle shortly after open. I did the first trade at 835am and adjusted at 854am. Open $14.95 cr and $2.50cr for the roll. I'd like to see some programmability to automate the roll: if it goes up, roll the put up to the call, if it goes down roll the call down to the put. I don't think it makes much difference, looking at the prices while the market is closed but who knows. It certainly does provide a tiny amount of risk reduction at perhaps the expense of a tiny bit of credit.
Also Look for Spike ups or Spike downs in the market on a 15 minutes bar basis to Enter a new trade... These intraday spikes will nudges the Inner Strangle 0DTE IV higher (not usually effect the 30DTE strange IV that much) and this enables the 20% winner roll to happen sooner when the intraday market fades back to inactivity during the day sooner or a bit later ?
Your Study of 0DTE is amazing
@ChupraCumbra calm down bro I did not say I am trading 0DTE
lol best banter I've seen from these guys
You should redo your research the same in 2024. If not all your research at least the ones you rely on. Firstly if its good research it should be repeatable. And secondly, it will confirm that traders have not changed as they adapt to the new trading vehicle. I think zero DTE traders are adapting.
Question for anyone who might help: Is there a VIX for calls only?
For me, the VIX is not very helpful because a higher VIX just tells us that "both" calls and puts are experiencing higher implied volatility than some previous time. However, if there were a VIX for calls (and another for puts) than we could tell if traders are bidding up calls or not, similarly for puts. I'm shocked CBOE doesn't provide that.
True... Yes... but the Exchanges are NOT on the side of Retail.... and getting less so every decade. But still, trading with discipline can over come this and manage profits but it is one of the reasons trading is so 'freakin' hard.
I think if you wanted to see that you could simply look at the IV of the calls compared to the puts.
He is high as a kite and he is mad as a bull in the end man.
Bears! Hester for Life. Love Chicago
someone here is very sensitive. smile 🤗
You guys are so lovely together! I appreciate your hard work and passion! Apart from the hard facts, you’ve made my day with this😊
I appreciate Tom’s romantic nature. He obviously loves his wife to celebrate the date he “met” her. I do, too. For me that day was Saturday, April 23, 1977. Glorious evening that!
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields
Amazing. It gets quite difficult to handle all of this, and staying informed is a major cause, how do you go about this are you a pro investor?
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth in the past two quarters.
This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets.
I’m intrigued by your progress. Could you share some insights into your investment strategy or perhaps recommend any specific resources or mentors that have led to your success.
10:45 the 2nd time you’ve said 15% is up there as a good choice in a different video. It’s the 2nd worst choice.
Claimed for a player to be named later and cash. Lucky girl! I do wish that the episode that talked about the 0DTE with the 30 day wings was listed in the description or added as an end credit.
You give the data for the results but not for how to determine where to put the butterfly
"Didn't the market build the database" ultimate dad joke right there
Can we get 0dte data you recorded for past one year? I want to do some analysis on that.
Did you guys run a video examining different iron fly widths?
When choosing the 30 DTE wings, they say to put them at the expected move. Is that at the expected move of the 0 DTE expiration or the 30 DTE expiration? I ask because they are quite different and I'm not sure that using the 30 DTE expected move gives you much protection because it's so wide.. And honestly, I'm not sure how much protection the wings give, even with the tighter wings? If you get into a losing trade where the underlying had a very large move, will the 30 DTE value increase enough relative to the zero DTE loss that it's not a major loss?
Thats the problem I also saw with the way they chose the 30D expected move wings. They provide no protection and the buying power is barely reduced due to how expensive the 30 strangle is. There are many other strategies imho that do similarly well with actual protection or at least reduced BP
How do you know the starting day expected move?
Lookin' shArp Tony, lookin' shArp I tell ya!
Id love to know Toms thought about stopping out.
Kooky funny guys. I like them. 😂
What is a good stop loss % for the straddle?
What is the delta on $30 wide?
I wish it were easier to place the 0/30 diagonal. Had a pain of a time trying to enter the trade in separate parts. Name it something and allow us to shoot the whole spread out at once please!
it's just a double diagonal, with the short strikes atm.
enter it as an Iron Condor
I tried both of these order entries w/ ToS and no luck. I had to customize it as an "OCO" order in the option chain (on desktop, i think the app is easier to make custom option orders). I'm really not sure i understand how the mechanics of this trade work though... would love to see more explaination.
@@saltwaterwizard my take on this double diagonal is it's trading just like a 0dte iron fly, but the long dated diagonalized wings gives you better chances of rolling out of losing sides. You can bring the wings in closer in time, 30 days is excessive and wastes bp, imo. You can try 14d or 7d.
Or you can stick with the old 45dte iron condor with management at 21 days, a lot easier to trade those.
@@fuzzyboomboom9742 Awesome thanks! I've been doing a lot of research and its coming along. I understand what you mean by rolling out the wings but not super clear on the effects of breaking an iron or fly. Nothing a couple hours of messing around in analyze can't fix ;)
Not sold on 0DTE, but very intrigued by the diagonals. Will be interesting to see more data roll in.
Tony's personal life is so interesting Not, lol.
ZERO DEE TEE EEZ ....
the most relentless form of market manipulation out there.
Market wouldn't be this choppy at specific times perfectly plaid to kill premiums
As someone new to trading, I find your videos almost impossible to understand. I don't know the accronym lingo. If you want to pull in us new folks, I recommend getting a person to present this as if they don't know anything about trading. For example the statement " we managed this really early". What does that even mean. It would be a good beginner series to take the same video and have a person pause it and throw in the basic translations.
They have some good videos like that. Look for the Mike and his White Board series. They have a lot of videos for beginners.
Hi I also recommend you got check their free training on their website. There has a basic options and futures class.
Seems like they're high and rambling
There are plenty of beginner series. Just search for them. Most of the people watching these have been watching for years. So you can't expect them all to be for beginners.
I've spent the last year watching Tasty videos. When I started I would say the same thing you just said. They have a ton of info on their website. And like someone else said, check out the series 'Mike and his White Board'. I almost gave up and stopped for a few weeks.
Stick with it. It's a large learning curve, but it will get easier.
Another good TH-cam channel to learn from is 'ProjectFinance'. He does a good job of explaining options trading.
Almost all of your channel's videos have too many digressions which prevents them from communicating any useful information. We're not watching for sidebars about football and wedding anniversaries.
Speak for yourself, chump
Do the work.
@@Dadvestor Thanks for the condescending reply that doesn't help anyone.
@@KurtVogel88 if you want to learn you’ll learn. If you want someone else to do all the work, you’ve already lost. Mine is the most helpful comment you could get. Good luck.
These videos are short snips from the daily show. You will pick up one or two things each clip. I was frustrated in the beginning but learned quite a bit over months. Stick with it.
Daytrading 0 DTEs, even ATM, can be interesting because you can have decent PoP going for 20% of the credit. Do it naked or 2 wide where it's practically naked. Use a stop at 20%-30% of the credit. Charm decay almost works on a 5-min candle period. You need a set-up involving an interaction with a support/resistance moving average. I don't have enough data to recommend but anecdotally, can be interesting.
I assume you mean two SD wide or strike prices?
sheesh, 5 minutes of on-topic talk, 8 minutes of stupid yacking. Par for the course I guess.
New here ? All these guys do is yap 😄😄
It's an excerpt from a 10 hour daily liveatream. What do you expect
@@luckylanno editing?