Love Letters Viewer Emails

Just sending my Appreciation

OK, let me get my confession out first. I worked in a hedge fund as an economist and strategist between 1994-2010. Since then I have been working for myself trading my own capital. I use technical analysis and i also use fundamental economic analysis to shape my trading. Ok.....now that's out of the way.....

I wanted to say a big thanks to you for opening up a very different style of trading to me. I now employ IV rank and (primarily) selling strangles as a strategy that sits very neatly alongside other strategies in my portfolio. I think your logic and research-based strategies are truly excellent. Many many thanks for what you provide and for how you do it. Big fan of all of you, but Dr. Jim.......brilliant!

Again, many thanks on many levels.

Joe R.

Kudos to the Trade Managers

I wish to express my heartfelt thanks for the outstanding work you are doing. I'm especially loving " trade managers " with Mike Butler and baby Bat. Mike you drive this show like you have a doctorate in this stuff!! and Nick your grasp of the intricacies of greeks is amazing. Trust me ..i've been trying to teach myself options for the past seven years and i've learned more in the the last month as a new tastytrader than all the garbage i acquired over the years.i just want to say please guys don't ever get tired of going over the same concepts over and over again because you are helping me tremendously. i am hooked to the point i bought a laptop last week so i could sneak episodes at work. Also i'm aware " wdis: back in the game " ends soon but could you find a way to resurrect it somehow? pondering the especially abstract options concepts through the eyes of a new trader is a priceless teaching tool.Kudos to everyone !!!

Michael D.

Loved the Web of Greeks on Trade Managers!

Good job outa' you Nicky and Mike on the Web of Greeks.

This 3 - D diagram and your detailed explanation of which one fits in which sector, gave me an aha, moment.

I have been studying strategies and trying to get a better feel for which to use when so this is timely for me.

I'm not sure how long it would have taken me to digest them to this point.

I'll add it to my play list for my son to follow in my footsteps once he has a bit more time and has his stake to trade built up.

Have a great weekend.

Cheers

Janice in Whistler

You probably get this all the time...

Hey Tastytrade!

I know you guys get love stories all the time, but here goes.

This is the first time in the six or so years I've been actively trading that I've seen the two steps forward, one step back cliche realized in my P/L. The only difference is that I'm now realizing something closer to five steps forward, one step back.

I just closed out my third cycle with a full portfolio, and it was the first time I took losses that weren't just bonehead beginner mistakes, and,
while I was hesitant to admit defeat, I looked at the effect on my P/L and I was blown away how things have changed. Even after booking the losses, I was still up about 7%. In six years of trading, I've never been up 7%...ever.

I'm also realizing how much I love this kind of pace. I used to be in and out in seconds or minutes in the futures market, always stressing about getting stopped out and trying to Jedi mind trick price up above my targets. That doesn't happen anymore. Now, I can put on my positions and have time to take in all of the little clues- how one piece of news affects this sector or that, or how my Greeks are affected, or why to stop putting on call spreads in a rising market. I was never able to capture those lessons while I was stressing out over the meaningless space of a couple of ticks.

I'm stoked to see where the year will end up, especially when I can now reasonably expect a win/loss ratio somewhere in the 70s%. All of this is thanks completely to the indescribably awesome material you guys have put up. Between Jim and Brittany's show and everyone answering my weepy emails, I've gone from not understanding spreads to "I need to shed some deltas...why hello, GLD."

Just let me know when you need someone for Rising Stars ; )

Best!
Parker P

Great dividend matrix from the Trade Managers!

Hey you two (Nick and Mike)...the dividend format depicting up and coming dividends and their respective approximate amounts was super helpful.

Thanks for doing that.

TB

Loved the Futures Symposium!

I did not attend the Symposium, I just watched the session from your Shows.

It is Fabulous, Pete and Tom are better than GREAT!!

I am so happy to keep learning, plus with tastyworks my P/L is so much better than before I found tastytrade.

Thank you so much, it is so hard for me to put into words how much I appreciate tastytrade and tastyworks.

Bob L.

Place my first futures trade!

Team,

I do not know if this is the correct way to reach Tom and all but I wanted to say that I finally placed my first Live crude calendar spread and it worked out as planned. Closed my position within one week with a net 31% gain and all while out on the field with my other business.

Took away the volatility, allowed me to be engaged in a market that I probable truly can’t afford to be playing with and gave me the flexibility to come back and give me an earning instead of getting stopped.

Huge thanks to you all but ultimately Pete Mulmat , Beef, for teaching the concepts behind this “pro” strategy.

I talk to finance people and they have no clue what the heck this trade is.

Margin cost $510
Closed position $160

Best,

Peter K.

Great content recently!

Gents,

Just to let you know the content recently is excellent. I really liked the Iron fly rollout to same strikes or re-establish study.

Just to say in my 2.5 years of watching you guys I have gone from zero options trading knowledge to a lot.

I have formed a traders group here in Dublin, Ireland. I am spreading the tastytrade way.

Keep up the good work.

Peace,

Kevin.

Happiest I've Been!

Hi Tom,

It’s interesting that I had a very similar thought a few days ago. I’m 69 and retired at 55. My preparedness was minimal.

I wondered about the commercials touting retirement preparedness with actors who look to be retired. It’s fear peddling. Yes, many people in retirement are not financially prepared. The common advertised amount needed for a basic existence in retirement is $1M. I have nowhere near that and, with some sacrifice of freedom, have lived good in the past 14 years.

Since discovering your education videos, I will have $1M in the next 5 years. Plus, it’s keeping my brain active and learning. I am happier than I’ve been in my life and have intentions that will bring me all my dreams.

So, keep the fear and bring on TastyTrade. Works for me.

Gratefully,
Diane A.

Loved the Earnings Cherry Picks

I don't say it often enough... your weekly Cherry Picks are the greatest! The info on earnings helps me plan my upcoming earnings plays, or not. Thank you so much for your insightful look at the market.

Joe W.

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