|January 11th, 2016, 11:28 AM||#51 (permalink)|
Futures Experience: Beginner
Favorite Futures: CL
Posts: 9 since Apr 2014
Thanks: 32 given, 7 received
Confessions of a TastyTrader
I thought I would add my 2 cents regarding TastyTrade, so here goes...
I first came across TastyTrade while randomly surfing futures.io for information on options trading. Unfortunately I cant find the post so am unable to thank that poster (it was a trader from the UK I think..)
So, I had been spending months and months trying to develop trading bots for CL and NG, with a small account, and not really making any progress. I decided to take the plunge and learn about options trading, and I really wish I had done it earlier, as it really opens up your trading horizons to many different worlds. If you have even a slight analytical bent, then options trading is for you.
Anyway, I came across TastyTrade (TT) and initially my reaction was like many here: "WTF is this??" but I stuck with it and now I have it on as my default background noise. There is something for everyone, from futures trading to TA. They are not trying to sell you an indicator or anything, but you can pay for a subscription to follow Toms trades if you want.
Tom is a very nice and genuine guy. He is out to help the little guys, and everything he does is to try to help people take control of their investments. I have emailed him a number of times and he always replies, sometimes within minutes! He has nothing left to prove, and does not need to do this to survive. He is a trader through and through and loves what he does, and his passion is infectious! Tom is a contrarian and does not deny it. It is only one style of trading, and is not for everybody. Because of this, hes nearly always early and has to take some heat before the market goes his way, but his mantra is Trade Small, Trade Often, so he is able to use probability and time to his advantage, and just waits until he is right. No Stop Orders required.
If I was not stuck with IB TWS for various reasons, I would switch to the TOS platform tomorrow - easliy the best platform for options trading. I have been trading options in a small way since Nov 2015, and with TTs help I have been able to keep my head above water so far (touch wood).
So, if anyone want to learn options, TT is easily the best FREE resource available right now. There is a lot of gold hidden in the segments, and if you actually take the time to mine through them, it will make you a better trader Im sure.
And finally, in response to the poster who was bitching about the "knuckleheads", we all know that trading is a stressful, nerve-wracking game, so any channel that can lighten the mood in the slightest (especially now, during the worst start of the year ever!), is most welcome to me!