TastyTrade
TastyTrade and the Tastytraders
Tom Sosnoff and Tony Battista are two options traders with about 50 years plus of Option Trading experience, who formed a Joint Venture with TD Ameritrade to create a Financial Education Network, which is known worldwide, as TastyTrade, and they are affectionately referred to as Tasty Traders.
Largest Financial Education Multimedia Site
TastyTrade has grown into the largest Financial Education Network in the world. They trade live Monday through Friday and their website has about 12 other traders of options, futures, and some stocks you can follow. They have a large collection of options education videos, which are easy to understand and cover options trading from introductory basic concepts to the most complex.
Largest YouTube Options Education ChanneL
They have the largest subscriber base of any options education channel on YouTube, but joke they are not as popular as Cute Cat Trick Videos.
Experience Options and Futures Traders
Tom Sosnoff and Tony Battista Are experienced “Pit Traders” the term used for both stock and options traders from the days when trades were made on a huge trading floor with phones, scraps of paper with buy and sell offers and true paper trading.
Trading Strategies supported by backtesting
The show is both entertaining and informative, as they discus common trading strategies, theoretical trade management rules and their research team of young traders who question all traditional trading rules due endless back testing where the trading computer software uses historical prices to run thousands of singular options trading strategies and show the percentage of winners and the expected Return on investment. One of the truly genuine parts of the show is when the two experienced traders learn old rules were wrong or their rules get redemption. The show features other pairs of traders including two housewives who left trading to raise children, then went back to trading and became famous for their signature trading style and success.
Rising Stars and Millionaires
One of my favorite show features, is when they bring in a Student of the TastyTrade Education site, who has become a very successful trader. My favorite was Karen the Supertrader. So named because she turned 60,000 USD into 6.5 million in 4 years. Her trading system was mathematically sound, as she was a certified public accountant, who took up trading after she retired from a prestigious American firm.
Summary
Options trading isn’t for everyone and you should only trade, what you can afford to lose.
It involves low amounts of capitol and varies in range of risk and probability of success. It is the trading niche populated by traders who love numbers and eschew charting and technical analysis, with Fibonacci and Bollinger bands being the except along with close attention to overall chart trends. The Trend is your friend is known to all options traders, and the search for certainty is a strong force in this trading community.
Graphics by Leofinance Graphic Credit