Are Traders Finally Done With TastyTrade?

Pekelo said:
I don't think most traders losing in the last 2 weeks is particular to TT. I bet other brokerages experienced the same. I can see 2 reasons for it:

1. The market has changed direction. The buy the dip finally didn't work. Also traders have got spoiled in this "stocks only go up" environment and have a hard time adjusting.

2. Volatility is huge. You had to increase stops or just wait it out until your position moved into profits. Again, changes in volatility also requires changes in attitude.

I don't have info from other brokerages, but if Reddit is an acceptable indicator, almost everybody was losing money last week.
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Not sure about that. It depends on how and what you're dip buying.

You have to align yourself with the worst conditions. Most people discarded 2008-09 data and thus will make money in the bull runs but have massive losses in any serious down move. I can't take the reddit traders seriously at all, most seem to be the YOLO crowd which is just gambling.
 
Sweet Bobby said:
But, I heard Tom Sosnoff say that he had never lost so much money over the last two weeks when he was directionally right. So, even though he was short delta, he still lost a lot of money.

Then, I listened to their show yesterday and heard so many callers calling in and talking about their losses. Then I look on the tastytrade facebook groups, and I see so many people talking about their losses.
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... and Sosnoff got me banned from ET over 4 years ago for saying exactly the same thing about Sossy and TastyTurd
 
d08 said:
Most people discarded 2008-09 data and thus will make money in the bull runs but have massive losses in any serious down move.
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I don't know what you were reading but that is what I was saying.
 
jamesbp said:
... and Sosnoff got me banned from ET over 4 years ago for saying exactly the same thing about Sossy and TastyTurd
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Really? Don't get me wrong. Tastytrade got me involved in options. I'm asking the question only because I'm seeing so many people saying that they are giving up on the methodology.
 
Sweet Bobby said:
Many of you know that I have been a big fan of tastytrade. I owe much of my success and engagement in trading to them. Peace out!

But, I heard Tom Sosnoff say that he had never lost so much money over the last two weeks when he was directionally right. So, even though he was short delta, he still lost a lot of money.

Then, I listened to their show yesterday and heard so many callers calling in and talking about their losses. Then I look on the tastytrade facebook groups, and I see so many people talking about their losses.

Everytime I traded using strictly tastytrade mechanics, I lost too. Now, 20% of their Market Measures segments are pure gold and have helped me a lot. 80% is just fluff.

I'm curious as to folks who have traded the tastytrade method and have now decided to give up. Are you out there?
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1. Misery loves company.

2. You win some you lose some, no big deal.

I am sure I will come back. :banghead:
 
I can usually withstand a 10% drop over a couple of weeks but >11% in a week came back to bite me and I took a hit. the only trades today.....butterflies or long put spreads
 
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