would love to know how the average TastyTrader has done in this

[.sigma]

Except Sossy's argument is when challenged goes
... I have made a living trading this way for 30 years
... However, I won't show you my P/L ... you will have to take it on trust
... But I will demonstrate by training up some newbies ... which almost always end in disaster
... and by the way ... Karen the SuperFraud is still the greatest retail trader he has ever seen

Sossy is so traumatised by the current 'two-way' market action ... and must be underwater on everyone of his 80+ short strangles ... that he didn't actually trade for 2 days last week ... just stuck in the headlights

Don't forget after the 1987 crash ... he couldn't bring himself to sell naked puts for nearly 20 years ...

He has a great track record building trading platforms
... absolutely zero track record as a retail trader ... and he is the one who calls out all the scams and shysters

James you've been using the same half-assed shots for the last decade, give it a break lol

Lets pick these apart.

1. Sossy has never claimed he's made a living trading the tastytrade way for 30 years. First this is pure bullshit because Tom traded on the floor at the CBOE/CBOT for 25 years, THIS is where he made a living at. Using his proceeds he created thinkorswim, tastytrade, tastyworks, dough, the small exchange, the quiet foundation, and many more ventures.

Tom has also stated hes never lost so much money since hes become fully digitized, retail trader. Watch the show sometime, James, hes constantly talking about his losses.

2. He offered some app called Bob the trader, which tracked his trades entry/exit, but not size. While size is crucial, if you wanted to knitpick (which you seem to like to do) you should've paid up some bucks to watch Sossys trades since you care much about another mans P/L.

3. He's not training up newbies. Hes trying to get this generation more knowledgeable about vanilla optionality. Dude wtf is your problem lmao.

4. Tom's said a few times the best trader he's ever saw was some guy in the pit. Forgot the name. And Karen was doing regulatory-arbitrage. Tom owned thinkorswim so obviously saw her order-flow which was abnormal, so as a broker-dealer you need to manage your risk, and make sure collateralized debt is in check. Tom couldn't see her books, and wasn't aware of her accounting alchemy, only after the fact.

Just stop James.

 

[.sigma]

Sossy is so traumatised by the current 'two-way' market action ... and must be underwater on everyone of his 80+ short strangles ... that he didn't actually trade for 2 days last week ... just stuck in the headlights

Don't forget after the 1987 crash ... he couldn't bring himself to sell naked puts for nearly 20 years ...

He has a great track record building trading platforms
... absolutely zero track record as a retail trader ... and he is the one who calls out all the scams and shysters

Sossy's so traumatized his twitter account handle is @Tomunderwater

Watch the show sometimes James, Tony is always clowning Tom for how badly he trades sometimes. But we all have losing streaks, unless your James Bond and Jeff Bishop.

I can't even believe they are in discussion with Tom and the tasty team. Its not even a comparison.

Your only logical point was his track-record with trading platforms, and now its about to be a brokerage and exchange, Tom is taking over bro, you mad? lol

 

[Pekelo]

Tom couldn't see her books, and wasn't aware of her accounting alchemy, only after the fact.

But now he is aware of the "alchemy" (fraud for the youth) from court papers, yet he is STILL parading her around as a trading legend.

And you don't have a problem with that....

Not to mention he is a trading educator and as a minimum we would expect a slightly positive P/L from him. Yours or mine or James' is irrelevant in this thread since we aren't educators. That is the difference.

In short, James is right and you are wrong. The end.

 

[themickey]

But now he is aware of the "alchemy" (fraud for the youth) from court papers, yet he is STILL parading her around as a trading legend.

And you don't have a problem with that....

Woof!

 

[.sigma]

But now he is aware of the "alchemy" (fraud for the youth) from court papers, yet he is STILL parading her around as a trading legend.

And you don't have a problem with that....

Not to mention he is a trading educator and as a minimum we would expect a slightly positive P/L from him. Yours or mine or James' is irrelevant in this thread since we aren't educators. That is the difference.

In short, James is right and you are wrong. The end.

I watch tasty often, since the incident I rarely have ever heard Tom “parading” her around like a legend. She was invited to speak on geeks on parade show, maybe that’s what you meant by “parading”.

You think trading educators have positive P/L? Peak don’t tell me you follow Jeff Bishop trades lol. seriously how many trading educators are profitable? They sell a service because trading is the hardest thing you’ll ever attempt.

You guys just knit pick.

 

[ironchef]

From a newbie perspective, tastytrade is one of the better ones. They don't ask us for tuitions or memberships, or subscriptions. They give a decent introduction to option concepts and trades. We can try their method for free and decide for ourselves if it works for us. I don't think they are a fraud once you understand where they are coming from.

The hardest thing in any work is taking the first step and they provide me the courage to take a small first step. So, I tried selling options for six months, didn't work, I then modified/morphed that into what I am now using.

 

[jamesbp]

1. Sossy has never claimed he's made a living trading the tastytrade way for 30 years. First this is pure bullshit because Tom traded on the floor at the CBOE/CBOT for 25 years, THIS is where he made a living at. Using his proceeds he created thinkorswim, tastytrade, tastyworks, dough, the small exchange, the quiet foundation, and many more ventures.

You are right ... this is complete bullshit ... but he still keeps on saying it

 

[jamesbp]

Tom has also stated hes never lost so much money since hes become fully digitized, retail trader.

Along with all his TastyTurd followers
... is he going to admit that the TastyTrade method is as much use as a chocolate teapot ?

 

[jamesbp]

2. He offered some app called Bob the trader, which tracked his trades entry/exit, but not size. While size is crucial, if you wanted to knitpick (which you seem to like to do) you should've paid up some bucks to watch Sossys trades since you care much about another mans P/L.

Why offer an App that allows people to track your trades but not your P/L
... like watching a football match without ever knowing the score

Either pure vanity ... or a way of drumming up comms from the sheeple

 

[jamesbp]

3. He's not training up newbies. Hes trying to get this generation more knowledgeable about vanilla optionality. Dude wtf is your problem lmao.

Duh ... he hosted a series called "Where Do I start" ... to train up Newbies ... started with his daughter ... which was such a disaster ... that they have even removed the video archive

When I asked where the video was ... they suggested they did not have enough storage to keep the video ... honestly, you could not make it up