Love Letters Viewer Emails

Love the BAT!...

The BAT is the BOMB!!!! I feel like his teaching style is so much more in-sync with my beginner brain. I'm almost embarrassed to say I'm 50+ years of age and have worked very hard to acquire what I have. Had I been exposed to what you and the Bat have been going over in these lessons there is no telling where I would be today. I hope you can instill your methods in this younger generation, they will be the better for it. I feel like I'm learning a lot lately, hopefully I can change my TD account around to allow options trading, can't wait.

Please give Bat more teaching time, maybe an additional feature now and again where he breaks down a strategy ( what to watch for - risk/reward with graphics illustrating what happens when the stock goes one way then the other . etc.

Loyal listener and Bat follower!,
Thanks Dan

Learning from tt...

Hey guys... Love your show, and your work in general.... You all are doing important work educating people that they can do better than the "pros". I am an example of this. Here's my quick story...

I am conservative by nature, but I like making money and I figured that the best way to make money is to not lose it in the first place. This is simple math... if an underlying goes down by 25% then it has to go up 33% to get back to where you started... so here's what I did...
I started a few years ago with 87% of my liquid assets in cash (highest yielding cd's I could find) the remaining 13% I sought out high caliber high dividend yielding stocks and a few ETF's (think T, CAT, MSFT, SPY, etc). I sold OTM puts to scale into these positions, when the underlying was put to me I sold OTM calls. This simple approach necessarily makes you "buy low and sell high". So what happens with all of this? You have multiple sources of "new cash" to keep expanding the strategy, cash from the interest on the cd's, cash from the dividends and cash from the premium.

Over the course of time I learned to take advantage of Theta by effectively leveraging my account 45 day from expiration, I would have 2 positions on each underlying (although I don't usually "double sell" puts). I also manage winners and close to expiration I'll pick up "freebies" (options at least one more strike OTM than my current, already profitable, position. I also do the occasional Strangle, Iron Condor or Credit spread. The double digit yield from this strategy is far more than any "pro" could get me, and I'm in control and it's fun and intellectually stimulating... there's a bit more to the story, but these are the big pieces...Pass my story on if you think it will encourage others...


One Year with tt...

Today I am celebrating my One Year tastytrade Anniversary.

Has been the best year in many years. Thanks to you and the rest of your team.



SLM's technical analysis...

Your show is the best technical show I have seen. Keep up the great work.

No BS....

Love the show, it's great to see BS removed from financial media and make it realistic and approachable.

Cameron S.

The 25% Rule...

Morning Tony,

A few weeks ago in Market Measurers you revealed several studies showing getting out at 25% profit on several trades. I must say these series of studies are probably the best information delivered on the show. Recognizing when to take profits has also plagued me and many times I have seen a small profit turn into a loser. Since that show I have taken several small profits using the 25% rule. Man what a difference!

My win / loss ratio has improved and I can see the difference in my Net Liq. I think for me this was a missing component in my trading.

You are still the best!

Frank C
San Antonio, TX

To Tony B from Tony B...

Great MM segment. Reinforcing the taking profits at 25% - 50% has been helping a lot. Took me too long to learn on my own.

Tony B

Excited for each day...

Hey Tom, Tony and the Tastytrade team.

I just wanted to say thank you for the amazing work you guys are doing. I have become addicted to your show and probably have watched nearly all the archived material in the last month and now get up and go to bed watching from my phone... I opened a Tdameritrade acct 2.5 weeks ago and already have 3 vertical spreads and 2 iron condors on. I'm excited for every new day just to trade and I have already made a little over 7% ROC in a (15k acct).... I sold my truck just so I could get started asap haha

I will be attending the L.A event and I can't wait!!

Justin H.

Back to Cool...


Thank you (and Katie) for such a great presentation for us novices!
If this is what Tasty Trade is all about…getting new clients into the fold…your show is tops and will most likely be the vehicle to enroll more people!!
I watch it every day it’s on and then go back to review it again in the archives.

Thanks again,
John G

The Bob app is essential...

Hey Bat, Tom

Yesterday again proved why Bob is an essential learner's tool for trading. I put on a strangle in YHOO for earnings and watched the Last Call. After the bell, I strapped on Rocco's leash for a walk and heard the Bob notification sound. Tom had sold shares. I hadn't realized that the numbers were already out. I sold shares and walked the dog. By the time I returned, the notification had sounded again and YHOO was 1.15 lower. My 1.45 strangle had become a 2.60 strangle that will easily pay for the next three months of Bob trades. It's not the trade itself, it's the awareness of what is happening and how to deal with the situations. Once you get it, you have it for your trading lifetime.

Thanks again to both of you and the whole TastyTrade team.


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