LEARNING MAN 2020!

Join us in Chicago for an amazing weekend! tastytrade proudly presents Learning Man!

Event Details

Love Letters Viewer Emails

Different Dino, same love for tastytrade...

I love what you guys do. When I'm not listening to you live, I'm going through your excellent archives. It's exhilarating to begin to understand what you guys talk about.

Sincerely,
Dino M.

Love from Dino...

You’re the best trading show ever!!! The other’s pale in comparison. Peace

Dino

Marky loves tastytrade...

Tom and gang !!
Just wanted to say this is a great show,
love it ! Better than awesome !!
Learning some great stuff without the pain !
Better than Awesome Awesome Awesome !!
Keep up the great work !!

Marky

Gerry from GA...

We are fairly new Tastytrade listeners and all of you make us shake our heads --in a very good way! My husband and I were talking about what a difference Tastytrade has made to us and our investing. Tom often talks about getting the younger folks investing early. But, he is also doing a tremendous service for a lot of us older folks. Over thirty years ago, we started investing in our IRA's and saving for retirement. We have been through 3 major crashes when we were 'all in' on equities, thinking the 'buy and hold' mentality would see us through. We have a long time in the future that we need to make our savings work for us, as neither of us worked for companies that provided pension plans.

Finally, we realized the saying, "Nobody cares about your money like you do" is so true. But we were at a loss how to invest without the heart palpitations and major set backs we had over the years. We are very grateful that a friend told us about Tastytrade. We are also amused that in the evenings, our 'go to' programming is Tastytrade --not movies, not comedies, not sports --just Tom, Tony, Case, Liz, Jenny etc.

Finally, one other point: Tastytrade doesn't make new or small investors feel inferior. It was awesome to be validated that it is okay to trade one lots --especially when learning new strategies. I feel that trading small and trading often is in my blood, but it sure was good to get validation from Tastytrade.

Okay, sorry for the diatribe. Hope you have a good weekend. We appreciate all of you!

Gerry

Terry from Canada...

Just a note to say thanks for all the quality information that you provide on a daily basis. I started watching a few weeks ago.
I have traded options for over 20 years and by far I have had more in depth knowledge presented by everyone there.
Quality knowledge with a little fun to go with it.
Simply can not be found anywhere else.
No-- come to think of it --the rest of the stuff out there pretty much is crap
A breath of fresh air for sure.
Again thanks and best wishes to all.

Regards,
Terry

Tom and Tony...

Yet again I am glad that I started listening to you guys pretty much on a daily basis. It also helps now that you have added "audio only" to the Bob application. I take my dog on an hour long walk every morning from about 6:40am to about 7:45am, and so I can still catch up with what you guys are talking about while I am out of the house.

I appreciate that you have turned me on to trade types that I would never have considered doing. For instance, on Friday when you did the pair short /nq and /zn, I thought that I would follow along and do a 1 lot. I ended up exiting both legs at the same time for about a $350 gain.

Yesterday, I thought I would try it again. Shorted /nq at 3077.50, and /zn at 126'220.

It chopped around, and I had a slight gain but decided to hold overnight. Since it was a small paired position, I was OK with keeping it on. For most of the night, it didn't move much. Then as I was on my walk, I checked my iPhone and saw that the /zn position was up about $600. No reason to be greedy so I put in a trailing stop and put my phone back in my pocket. I ended up exiting at 125'290 with a little over $700 gain on that leg. I am still short /nq and since my thesis has not changed, leaving it. Just a 1 lot so not worried.

I am looking forward to trying currency futures next.

BTW I am short /ES from an average of 1667 and have found this trading environment challenging. And I am a bull at heart. I can't imagine what the perma-bears must be feeling.

Thanks again. Peace.
jim from Texas

Hi Tom and Tony...

I haven't written to you for ages and haven't called in either. But you have me totally completely engaged. I probably do more trades than you with my different accounts at times!!!
I first took one on one training from Sheridan mentoring a few years ago and learnt all the basic strategies like iron condors, butterflies, ratio spreads, calendars, broken wing butterflies etc. I learnt all the greeks and how deltas, vega and theta related to each other. I used to do covered calls, debit and credit spreads and naked puts prior to that. I thought I should be able to make a living with all those strategies but I was having huge drawdowns. After watching you every day and learning new things from you, I realized it is safer to sell naked calls rather than naked puts especially on index, ETF and stocks that are not take over targets. With a large account and a portfolio margin, I can always sell naked calls to reduce my delta exposures or call ratio spreads like you do at times with earning plays. It really cut down my drawdowns.
The most important thing I learnt from you is stay small. By staying small, I realized that if I am wrong, I can do adjustments and increase my size and still do the trade for a small credit or a tiny debit. In the past, if I was wrong I used to throw the trade to next month and buy extra duration but that did not give me enough Theta.
I also learnt about managing the winners. I have no problem taking short term gains any more. I keep working my losses till they become winners. I was down over $50000 on my AAPL at one time. (I was trading too big then) I had strangles and strangles and kept adjusting them till I was up $10000 before getting out. Of course, I am back in AAPL..
Luckily, I did not let myself get too short deltas on my SPY trades. I would add some debit spreads to my naked calls and kept pushing my naked calls out and stayed slightly short deltas so my net liq is OK (Actually, it is doing good with all the trades).
We have an investment club. I am trying to teach the guys some option trading. Unless you are really interested, it is not easy although they let me trade options. They were shocked when I told them I do not own a single stock but I feel I can make a living trading options!
Ours is a different world!! I hate weekends when the market is closed.
My total commissions for the year are higher than some yearly salaries, thanks to you.
I thank you and I salute you. Awesome! One of these days I will quit working my regular job. I already went part time as it was getting in way of my trading.

Keep up the good work. You guys are hilarious.

Peace

maya

Dear SLIM...

Hey Steve:

Really good Tech Tool segment today. I learn more from you in that 10 minutes than from about anything else I do. You’re a gifted teacher.

And, thanks for getting back to me on the questions below.

Dan

Mel from Maryland...

Tom and Tony,

Good job outta both of you. I really needed this segment to firm up my backbone and personally thank both of you for the effort and insight you put into this segment. It's really what's not on the slides that is the golden content. Specifically, how the two of you think.

Thank You, Thank You, Thank You

Mel

Dear Slim...

Dear SLM,

I watched your piece on Trader Psychology today and it almost brought me tears because you were describing me and what I’ve gone through over the past couple of years. I’ve been in the markets for years and I had a buy and hold strategy, after going through the 2007 crash I found out that type of strategy wasn’t really for me.

I tend to be a contrarian directional trader with a pretty high risk tolerance, but I have a tendency to get in early and get out early. I’ve tried to hang on to some trades that I believe in, but they always seem to continue to go against me and then I sell, and when I do they always seem to turn around.

But, since I’ve been listening to your show and to Tom & Tony, I’ve changed the way that I’m doing things. I’ve started to buy into weakness and sell into strength and I’ve kept my trade size at 5-10 contracts and I’m being disciplined about taking profits and not beating myself up about losing on a trade and /or not lamenting if I take profits and the stock continues to go in the direction I was betting on.

I can’t express to you guys at Taste Trade how much I appreciate all the hard work you guys put into educating us every day. It truly appears to be a labor of love by all of you guys. Thanks again Slim, you’re the best keep up the good work and “Great Trading.”

Joseph

Join tastytrade. It's free!

Sign up to get our best stuff delivered to you daily and save videos you want to watch later.

See All Shows »