loco es muy simple, compra bajo y vende alto
o vende alto y compra bajo
como? mira un gráfico y date cuenta solo
atención :eso es muy difícil de hacerlo en forma consistente a largo plazo
donde esta la clave? en vos, adentro tuyo
maradona, messi ....
1)pensá muy bien para que querés hacer esto? tendrás que poner toda la carne en el asador para lograrlo, si te dicen que tardarás en lograrlo x años, que valor de x no aceptarás?
2)la única manera de no cometer los mismos errores que los demás es tratar de aprender de la experiencia ajena
si miras como un coche atropella a alguien tal vez veas que hay peligro en cruzar la calle, lee los journals de la gente de aca
lamentablemente me temo, que como todos los demas, vas a decir, dejame a mi que yo lo voy a sacar.
I love Tastytrade too, but you would have to be a fool to trade like Tom Sosnoff, especially with respect to futures. He is still short some ES that he started selling in the 1600's and has added more to raise his average sale price to around 1720. A normal trader, who is not worth hundreds of millions like Tom, can not trade this way.
Furthermore, he has mentored his daughter for a year and she is only break-even. Tom takes contrarian investing too ridiculous extremes. (In fact, every mentoring segment on Tastytrade has ended in failure so far - Amanda, the two 22 year olds, X-trader, etc..)
Tastytrade is great entertainment and you will learn a lot about options, but Tom and Tony are not great traders. They have recently outlined some good strategies, like the Big Dawg Butterflies, that they have begun to trade. These are excellent. But Dan Sheridan, and others, have been doing this type of trade for 10 years.
A newer option trader would be better off finding a couple of Dan Sheridan free videos on the CBOE website and implementing one of his strategies on one index or ETF and learn how to trade it, every month or every week.
Last edited by gfmatt; January 1st, 2014 at 10:51 PM.
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I am aware Tom is much the bearish trader and takes contrarian investing to extremes. But he has much the staying power unlike many of us traders when it comes to trading the futures not just 'cause of his net worth but because he hedges his loosing positions. I recall he had mentioned he'd covered much if not all of his 1600 ES positions and like the contrarian he is, continues to bet the market will go down. Though I am not in total disagreement that Tom's trading style is for everyone however, I do have to point out neither Tom nor Tony have ever suggested anyone should mirror them for what they do.
Then again I must confess I haven't been as much of an avid listener of the tastytrade show as I used to be being only because I feel I've outgrown the information on trading options from tastytrade. For futures, which is what I trade mostly these days, I follow the Shadowtrader with Brad and Peter. It's yet another prespective and style of trading. As a side note, before I ever got turned on to tastytrade I too was a big fan of Tom Sheridan. He's very big on trading big ratio butterflies and such but I just take more to trading condors and vertical spreads and jadelizards (Liz & Jenny) when it comes to options.
Tom and Tony may not be the greatest traders but they sure helped turn my P&L around from a negative to a nice positive in a span of two trading seasons. All I am saying is that you just have to keep an open mind and take with you what works for you. All these shows and mentors have their pros and cons. I think tastytrade is a great starter for any novice trader even though, Tom's daughter and Amanda and other novice segments of the tatrytrade show haven't quite been the success story that other segments have turned to be.
I'm all for free videos and mentoring and such but it's limited stuff. I started that way too! It's all meant to rope you in for many $$$. As a matter of fact, if freebies were meant to be that much informative, no mentor could turn to profit.
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You are the holy man. Only you can design your destiny. You only need to make one choice and that is - Are you willing to give 100% of yourself to understanding the markets? If so, then inevitably everything will fall into place naturally given time.
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There is enough good info in the free videos to develop a reasonable trading plan without paying for mentoring. I don't use Sheridan Mentoring, I've only looked at his free videos.
I like the Shadow traders too.
Tom is currently short ES from the low 1700s. Taking hundreds of points in heat in futures is ridiculous. Hoping it will come back is not a trading plan.
Don't get me wrong, I love the entertainment of Tastytrade and they do have some good educational content. I've been watching everyday since they started. I just don't think they are good mentors. None of their mentoring students have been profitable yet. That is a fact.
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Yeap that's true and quite agree but not so certain every novice trader will be able to conclude the same at first. I know that for me no matter how good the videos were they always left many unanswered questions. That's how one can easily begin to get into trouble.
I know tastytrade is not the all be all but Tom's strategy that the ES is toppy and seeing 1700 again is not too far fetched. Many are predicting we'll likely see 1500 before we get to 1900. Don't get me wrong but as for me I am more bullish than bearish but the highly cautious bull and just the same hedged short on the market just a few points below where we are at.
Also, a while back the tastytrade show had a segment where they would mentor Chicago's finest. If you recall, the cops weren't that shabby and often would do quite well. Not sure why that was but then much harder for the Amanda's to do as well. Perhaps they need to bring back the "Trading with Cops" segment.
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I think a Holy man may accelerate your learning process but not turn you into a profitable trader through instruction alone.
It's a cliche now but I really feel trading is more of a sport or an art then a scientific endeavor. You can teach someone the rules of a game, but you can't teach them how to be good at it. Nor can you be taught to be a great artist, no matter how many books you read or seminars you attend
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I disagree. The problem with position trading is that you don't get a lot of looks at the ball. The other stuff you said was good, though.
I am going to come back to this and write you up a little guide. Basically you are going to need structured practice that creates a feedback loop of improvement along with monitoring your metrics. If you come at this from a mystical perspective you will fail.
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