Introduce Yourself

This is a discussion on Introduce Yourself within the First Steps forums, part of the Reception category; Originally Posted by Quantt No offense, but I have to disagree with you on that one. 1. Options trading is ...

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Old Oct 16, 2017, 10:28pm   #11129
Joined Apr 2008
Quote:
Originally Posted by Quantt View Post
No offense, but I have to disagree with you on that one.
1. Options trading is not for beginners
2. Testytrades have no audited performance and are mostly famous with Karen the super trader, which turned to be the super scam...
No offense taken, you are welcome to your opinions and likewise no offence intended in my response. To respond to your points directly:

1) I respectfully disagree and suggest that /with suitable eduction/ (which is what I was pointing the original poster to!), options are no more dangerous than many other trading vehicles, and in some respects are arguably IMHO safer (correctly employed of course.) I maintain that there's a lot to be learnt from the archives at tastytrade as it will help develop broad market undersanding and awareness, quite apart from specifics surrounding options.

2) I was not aware of anything untowards with respect to Karen the supertrader, thanks for pointing this out. Of course my first thought when I read your comment was that Tastytrade != Karen the supertrader, and that it's silly to conclude tastytrade is nonsense because of what Karen, a person not even involved with or part of TastyTrade has done.

The next thought that went through my head was that Karen's approach (from what I recall from when I watched an interview maybe 2 years ago or whatever with her), did in any case not really fit/comply with what tastytrade taught. Finally, having in the meantime also scanned the SEC filing, it's perhaps worthy pointing out that the alleged fraud apparently had more to do with what she did in respect of charging of fees while in a situation where she was not untitled to do so (by entering trades to try and avoid floating losses from impinging on the charging of fees) than with anything to do with the tastytrade approach. So I suggest that Karen is rather irrelevant in respect of tastytrade. If you're going to criticse, then critcise their research results or their teaching directly and perhaps avoid what might otherwise be described as FUD.

As for not being audited: Fair enough, this by itself doesn't however mean everything on their site is nonsense. And it's not like you or I or anyone else posting articles on this forum is audited either.

To close, 2 more points:

1) There's a book by Al Sherbin entitled "How to Price and Trade Options: Identify, Analyze, and Execute the Best Trade Probabilities", which covers a lot of the same philosophy and approach as is used by tastytrade. It is IMHO well worth reading, but obviously not free. But, for someone wanting something in printed form to reivew/study and are prepared to spend $50 then it's very much worth it.

2) To be clear: My suggestion to the original poster to watch the tastytrade archives was not based on specific performance of Karen or any other individual trader, but was based on personal experience having watched a lot of their educational materials, as well as my own ongoing experiment/experience successfuly introducing trading options over the last 28-ish months into my own trading.
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Old Oct 16, 2017, 10:49pm   #11130
 
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Joined Jul 2017
Quote:
Originally Posted by wprins View Post
No offense taken, you are welcome to your opinions and likewise no offence intended in my response. To respond to your points directly:

1) I respectfully disagree and suggest that /with suitable eduction/ (which is what I was pointing the original poster to!), options are no more dangerous than many other trading vehicles, and in some respects are arguably IMHO safer (correctly employed of course.) I maintain that there's a lot to be learnt from the archives at tastytrade as it will help develop broad market undersanding and awareness, quite apart from specifics surrounding options.

2) I was not aware of anything untowards with respect to Karen the supertrader, thanks for pointing this out. Of course my first thought when I read your comment was that Tastytrade != Karen the supertrader, and that it's silly to conclude tastytrade is nonsense because of what Karen, a person not even involved with or part of TastyTrade has done.

The next thought that went through my head was that Karen's approach (from what I recall from when I watched an interview maybe 2 years ago or whatever with her), did in any case not really fit/comply with what tastytrade taught. Finally, having in the meantime also scanned the SEC filing, it's perhaps worthy pointing out that the alleged fraud apparently had more to do with what she did in respect of charging of fees while in a situation where she was not untitled to do so (by entering trades to try and avoid floating losses from impinging on the charging of fees) than with anything to do with the tastytrade approach. So I suggest that Karen is rather irrelevant in respect of tastytrade. If you're going to criticse, then critcise their research results or their teaching directly and perhaps avoid what might otherwise be described as FUD.

As for not being audited: Fair enough, this by itself doesn't however mean everything on their site is nonsense. And it's not like you or I or anyone else posting articles on this forum is audited either.

To close, 2 more points:

1) There's a book by Al Sherbin entitled "How to Price and Trade Options: Identify, Analyze, and Execute the Best Trade Probabilities", which covers a lot of the same philosophy and approach as is used by tastytrade. It is IMHO well worth reading, but obviously not free. But, for someone wanting something in printed form to reivew/study and are prepared to spend $50 then it's very much worth it.

2) To be clear: My suggestion to the original poster to watch the tastytrade archives was not based on specific performance of Karen or any other individual trader, but was based on personal experience having watched a lot of their educational materials, as well as my own ongoing experiment/experience successfuly introducing trading options over the last 28-ish months into my own trading.
Hello again, you make few good points, but in the end, if there is no audited trading record during at least 2 market cycles, how one can trust a philosophy or approach... and I bet there is not audited record for a reason...
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Old Oct 18, 2017, 4:22am   #11131
 
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What a nice thing to dabble into this great forum, I have seen many forum about trading discussion getting this also give me great interest to learn more with pro, I believe i will never be disappointed because the numbers of members seen here is promising great knowledge acquisition soonest.,greeting to all my mate here and the pros.
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Old Oct 19, 2017, 7:35pm   #11132
 
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Joined Oct 2017
Saludos

[QUOTE=Sharky;8772]This is a thread in the New to Trade2Win forum which provides everyone with an opportunity - both old members and new - to introduce themselves to the community.


Hola, llevo unos tres años en este mundo operando en futuros, principalmente en índices, y la operativa que realizó es scalping en 1M y en velas NTRenko. Desde hace unos pocos meses tengo cierta estabilidad en los ingresos, para ello he desarrollado mis propios indicadores, nada de otro mundo, más bien modificaciones de los habituales para que grafiquen en el principal y descargar el gráfico de líneas. Estoy interesado en sistemas semiautomáticos principalmente. Mi plataforma habitual es NinjaTrader. Espero poder participar y aportar algo de interés para todos.

Translation
Hello, I have been in this world for three years in futures, mainly in indexes, and the operative I made is scalping in 1M and in NTRenko candles. Since a few months ago I have some income stability, for that I have developed my own indicators, nothing from another world, rather modifications of the usual ones to graph in the main and download the line graph. I am interested in semiautomatic systems mainly. My usual platform is NinjaTrader. I hope to participate and bring something of interest to everyone.
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Old Oct 19, 2017, 10:22pm   #11133
 
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Joined Oct 2017
Help! I can not see the "NEW THREAD BUTTON" -- I'm newbie. Much appreciate ur help.

[QUOTE=nbwedin;9863]Hi
WONDERING WHY THERE IS NOT ANY INSTRUCTIONS FOR >> WHERE << TO FIND THE "NEW THREAD BUTTON" -- I'M NOT A NEW TRADER , so don't feel i need to post in that forum.

Y is life frustrating when the info should be stated EXACTLY in a logical place, unless I didn't do my basic homework of reading the basics. I thought I did.

Muchos gracias for ur support thanks.
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Old Oct 21, 2017, 12:23pm   #11134
 
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Joined Aug 2014
Binary Good bad or ugly??

Any views welcome thanks .
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Old Oct 21, 2017, 4:04pm   #11135
 
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Joined Oct 2017
Hi, Im chiefo,

Very happy to be here. I have been trading for a year with some success but will like to know more as time goes on
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Old Oct 22, 2017, 5:05am   #11136
Joined Oct 2017
Hello Trade2win community!

My name is Matthew and I am the CEO of teabullassettimer

I will be creating a Trading journal for anyone interested to follow our trades. We trade a balanced ETF portfolio in stocks, bonds, and gold. (I am selling a product so I will not self promote this)

About me:

I am 24 years old, I have a bachelors degree in accounting. I am working towards becoming a CFP (Certified Financial Planner) as well as getting my CFA (Chartered Financial Analyst) designation.

My father (Anthony) is a seasoned investor with over 20+ years of trading experience. He developed our algorithms for which we trade.

I look forward to sharing our ideas with all of you guys and gals!

Happy trading & Investing!

Cheers,
Matthew

PS: if there is anything in this post that breaks a TOS I apologize & would appreciate a site administrator removing said part of the post. Thanks!
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