What's the current view of Tasty Trade after Karen-the-Faker?

[CoolCatchyPCcorrectName]

That one is not TRue. Going through Tastetrade you can get reduced commissions from TOS. So your comment is just wrong.

Here are some actual numbers from my own account with TD. After getting hooked on watching TT after I retired, I opened an account for 100,000. In the period from 3/4/15 to 6/5/15 with commission of 1.50 per option contract, I paid 1367.00 in commissions for the three month period. My net liq went up to 104,320. At that time, TT said they were increasing their viewers by about 1000 per month. If there were 3000 new accounts opened in that three month period with similar commissions as mine, then TD received 4,911,000 in new commissions. Annualized this would be 19,644,000. My point would be that TT would have to be pretty stupid (which they are not) to not get compensated for this largess to TD. I know Tom says there is nothing like that, but he is way to smart to do it for free.

 

[Dolemite]

I don't see anything wrong with using calendars. Of course at some point you have to take the loss. But if you can take a loss on long call in first part of the month and sell calendars later in the month that make the loss positive why not do it. SEC allegations are only valid if one accepts the calendars trade were bad for the investors and where schemes. Tell you what She can invest my money that way all day.

So you are ok with her pulling a performance fee off you while she just rolls the losses? The mechanics are not in question it is the ethics of deferring losses and still taking a paycheck. Ponzi

 

[turco_directo]

TT is a great, teaches a lot especially shadowtrader show. Best free show actually you can listen in TOS entire day version.

Too much crap in TT as well stupd blondes, tim knight etc. Karen is one of them. If something is too good to be true... I'm sceptical actually anyone watched her TT interview and called her hey I have retirement money can you pls invest in options. Seriously trading options is not even investing.... If options such lucrative thing then all the hedge funds in NYC would put their clients money into options why deal with buying actual shares... Anyways there'll be always Ponzi schemes no matter what and Karen was one of them.

Overall TT is a free network. You don't have to trade their style, but teaches a lot... more than CNBC for sure

 

[Raf]

So you are ok with her pulling a performance fee off you while she just rolls the losses? The mechanics are not in question it is the ethics of deferring losses and still taking a paycheck. Ponzi

I really don't know why they look at rollings that way (one trade sold reverses another bot).
To me it should be treated separately: first you realize losses when "bot to close".
Then a new trade or leg would be a "sold to open".