TT

AppearsInvisible

I will let a limit order close early for me. I close "manually" rather than deal with an automated close for a loss. I've been burned too many times (actually not with TT but I carried this personal trading rule with me to TT). Some adjustments you could consider: \* Set a price alert on the underlying and make sure the ticker has actually moved to your exit point. \* Use a spread to define your risk at entry and let it ride unless/until your plan says "manage that position". For some that might be until expiration, for Sosnoff I think he likes to "mechanically" close at 21 DTE. It's your trading plan after all, so do what you prefer.

Slight_Pie7773

Thank you, I currently use TT, and it does not offer paper trading. I currently sell PUTS and CALLS , and sometime do an IC. My target loss / trade is $40-$50 ; I make around $20 - $30 per trade (generally do one contract).

Mediocre_Froyo_3823

TT today, TT today tomorrow, TT Thursday.

IllBuyYourCar

Damn they blocked my comment on *OP TT*

AluminiumCaffeine

"Nvidia CEO Jensen Huang stated that the new "Rubin" AI chips can be cooled with ambient-temperature water without specialized chillers, reducing airflow requirements compared to current "Blackwell" chips. This suggests lower demand for advanced thermal cooling infrastructure that Modine supplies to data centers." $MOD, $TT, and $FIX all getting hit on this

Hifi-Cat

I added to TT this week.

stumpmt

And I opened the TT "works" account last week with $1000 to start getting into options trading by starting with a smaller account to learn and try out some smaller trades/strategies. Haven't placed any trades yet but I'm thinking of just withdrawing my funds and opening a ToS account at Schwab.

stumpmt

Funny enough TT will let me submit and order to buy shares of SLS. Just none of the options. Maybe I should open up an account at ToS over at Schwab.

TheInkDon1

Ohmygosh! That's the same thing RH did with Gamestop during the first short squeeze. I was just talking to somebody last night about that! Here's the gist of that conversation. I realize you're on TT, but it's probably similar to Robinhood in this regard: >There are a few reasons to not be on RH, and now you've just given me a new one: bid increments. You're *sure* you can't type in like 0.38? You mentioned the gamification of the platform... And one more dig at RH: watch the movie *Dumb Money* with Paul Dano as Roaring Kitty, and pay attention to what RH (and some others, to be fair) did on 1/28/21 regarding the ability to buy shares of GME. And the biggie for me: if the service is free, *you're* the product. I'd urge you to switch to Schwab or IBKR.

Murky-Gate7795

Thanks for your input, it's great to hear that TT has been good to you and makes me lean toward going ahead and moving some funds there. Your point about no perfect broker is timely. I've been reading a lot of opinions about them on Reddit and there doesn't seem to be a consensus anywhere. They all have different strengths and each has at least one drawback. What do you use as a core cash position at TT? I've heard about SGOV or similar funds.

Murky-Gate7795

I'm considering moving some funds to TT since Fidelity is so restrictive granting options access (still at level 1 in IRA so no spreads). Any issues with TT or is everything good there? I've heard TT may have worse fills than some other brokers. I really like that Fidelity often fills my order at a better price than the limit I put in and also auto sweeps all cash into SPAXX. But if I can't do the kinds of trades I want with them I may have to branch out.

notquitenuts

For one I would shop brokers, A feb ATM put in TSLA on TT has a margin req of 18k, not 50. Second, if you want to trade those high lying names just buy a way OTM put to reduce risk/margin...ie sell the 450/300 spread. Another option is to butterfly it off or trade ratio spreads. The third and easiest option is to trade lower priced stocks.

notquitenuts

Interesting but I think the overriding factor is if you are trading /gc that is a physically settled contract and I don’t believe TT will allow any physicality settled contract to expire itm as they don’t have the process in place to deliver 100 Troy oz of gold or a thousand barrels of oil to your house.

notquitenuts

I believe TT agreement states their risk department will close you out at expiration if you don't on futures that are physically settled. IDK what "spread netting" is but I do know if I want things closed a certain way, I close them myself. Did you have the $440,000 to handle assignment?

JJdante

Cool thanks for the reasoned reply. Any particular companies? I did a quick search and found VRT, ETN, and TT.

ChillingInMySnuggie

This banked on TikTok being banned. As long as TT is around, I don't think this will be anything.

Mysterious_Brush7921

Close the border. Cracking down on drug and fentanyl. Deporting the 10mil illegals Biden let in. Stop the men in women’s sports mental illness. Rooting out the fraud waste and abuse in the government perpetrated by democrats. Should I keep going? This is all the stuff he ran on as well. Cmon guy get off TT

Hifi-Cat

Schw, ssnc, ttwo, lvmuy, TT.

Striking-Block5985

TT solves all these problems you listed

sanmar2225

How so TT is massive

SuspiciousStable9649

OP has no comments with which to confirm knighthood. TT I wanted to see what was given.

spartanburt

Yeah it confuses people.  I've seen people use BB for billion or TT for trillion and when I ask why they say because the M in million is doubled so they figure thise are too lol.

Internal_Field5970

Fellowship, TT, or ROTK type of day?

Prior_North_2456

simple, they already figured it out and its something like this: Two Tech CEO encounter a pile of horse manure. The first offers the second $1TT to eat it, which he does. Later, they find another pile, and the second CEO offers the first $1TT to eat it, which he also does. After the exchange, one CEO points out they both ate manure and ended up with the same amount of money. The other CEO then delivers the punchline: **"Well, we increased our market share by $2TT" -> and they both bought leather jackets and did shots**

TheInkDon1

You're welcome, and I'm glad I lowered your anxiety! TT is good, but books are still the best way to learn things. Notice I didn't add "imho" to that. Because books are STILL *the* best way of leaning a new thing. So I'd recommend you spend just a couple hours with Professor Olmstead, and then what you watch on TT will make so much more sense, I promise. Take care.

ThanksS0muchY0

After a few years, I still have no idea what I'm doing. I do watch TastyTrade's live show a lot. They're not all geniuses though, but the set up more complex options plays, and I like to watch and copy their trades. I don't always execute them, it's more like a muscle memory thing. Like WTF is a jade lizard or an iron condor?? TT has educational videos on their website that explain a lot of those trading styles . I think OptionsPlay is the other YouTube channel I used to watch a lot. I think he has his own trading platform available now too.

McRibb_69

TT is in a joint venture with danfoss and Mitsubishi BTW

McRibb_69

No data center should ever put a carrier in their building. Their premier chiller doesn’t work out of the box. They have ZERO field support. It’s a horrible place to work and they make horrible machines to work on. Data centers need FIELD support. If a manufacturer can’t man the maintenance of their own machine, they’re not going to buy it. TT>Carrier

Celestial_Surfing


gayforgoblin

down $40k realized, $35k unrealized YTD. Ain't thankful for shit TT\_TT

yaboyalaska

In case anyone was wondering I got a response from TT: "I wanted to reach out regarding some discourse that was brought to our attention regarding your SGOV margin requirements. In a standard Reg T Margin Account SGOV has a 50% initial and 25% maintenance requirement. I took a look at your account and I see the issue that you brought up. When you were holding /MES futures the requirements are swept out from the equity side and held on the futures side because even though you only have one tastytrade account funds are held separately because they essentially clear differently (APEX & StoneX). When the funds were swept out due to your futures position your margin equity dropped below $2k where you lose margin privileges. I see you closed out the futures and you essentially regained margin privileges and your SGOV is being held at a 25% maintenance requirement. I have included some screenshots showing your cap requirement on SGOV and a help center article explaining why your trading accounts are separated. Please let me know if you have any questions! " I didn't even contact them, they took it upon themselves to email me. People will hate but I maintain TT has the best customer service of any broker I've us

AsbestosDude

took me 4 seconds to find 1. Samy Fadi Khouadja, 45, of France and the United Arab Emirates; 2. Eamma Safi, a/k/a “TT,” a/k/a “Yummy,” a/k/a “Situatie Packered,” a/k/a “Roman Kna,” 38, of the United Arab Emirates and Germany; 3. Zhi Ge, a/k/a “Josh Ge,” a/k/a “Josh Gez,” a/k/a “Jay Gat,” 34, of Singapore; 4. Christophe Dong, 41, of France; 5. Julien Liu, 35, of France and Hong Kong; 6. Patrick Chou, 38, of France and Hong Kong; 7. Cheuk Yue Lee, a/k/a “Ryan,” a/k/a “m100,” 43, of Hong Kong; and 8. Dev Ananth Durai, a/k/a “Devah,” 39, of Singapore.

CheatCodeWealth

That's a great question. I've trier several and I still have accounts open at a couple because they have different strengths. Here's my thoughts: Robinhood: Robinhood will often have matching rewards so if you transfer a balance in you might get a match of 1-3%. But this often requires that you stay with them for several years. Robinhood has low fees for options so if you trade a lot of options that can save a lot of money. But Robinhood has a history of going down at inopportune times for its investors. So if liquidity or accessibility is important to you that's an issue. I like that it's app is simple but I don't like that it provides very little information to you in a useful structure. Charles Schwab: Charles Schwab has moderate fees and seldom offers incentives to transfer. But their suite of tools and data is awesome. I do all kinds of research on CS. Their members have access to Morningstar data which I enjoy. I can customize my portfolio views with all the info I need for trading options, which is important. Interactive Brokers: IB offers the widest selection of services and investment options. It's a good way to access markets outside of the U.S. But I find their user interface to be maddening. For new investors it's a major headache. TastyTrade: TastyTrades advantage is in some quality tools they offer for options analysis. I have a TT account just for access to those tools alone. Their fees and services are on par with most others. I don't love their user interface. Do any of these resonate with you? Are you looking for something else?

AllCapNoBrake

It will continue to pump until everyone loses the EDS. Netanyahoo using USAID funds to pump TSLA to get X on the Zionist side. Similar to Ellison buying TT to keep the Gaza chat moderated.

No_Location_3339

I've been in cash for the last two years. Reddit promised me the big AI bubble burst will come. When? Please let me know when? TT

esInvests

Metrics use to enter and exit are specific to the strategy typically. There are some overlapping inputs such as liquidity, but beyond that really specific to the strategy. For example, if in trading risk premiums, I care about IV relative to RV. If trading a breakout, I care about price and volume. TA is completely fine. Nothing magic about it but absolutely can work just fine as well. For TT I like the general idea of what they do but have a lot of different opinions on application. I think in trying to make trading accessible to as many people as possible, they oversimplify which causes issues. Example, “sell when IV is high” fundamentally misses the boat. That sorta stuff.

damian001

Earnings report was also today for TT.

EightFolding

The main thing I would advise is to stop chasing trends. It's true that as small players we need to follow the market, but that doesn't mean following hype, or 'news,' or social media posts. It means responding to what the markets are actually doing instead of trying to predict where they're going. You tried to predict what was going to happen next, mainly based on media you read. You thought rare earths would gain, gold would gain, etc. But most financial reporting and discussions are more like sports news than like factual news, most of the analysis is speculation - sometimes informed, sometimes not, but speculation nonetheless. We've all tried to chase an idea and lost. After this happens the important thing is to permanently learn the lesson from it. The 'big' or 'smart' money controls the market. We don't. Watch the market's movements and follow with your own. Don't try to predict where they're going. To make this profitable you can do what a lot of people will tell you which is just buy an index fund and ignore it. Keep adding all the time. Your cost basis will average in and over time it will gain. If you really do want to pick stocks, themes, or ideas, and invest in them you need to start with a thesis you believe in, for reasons. Not because you heard about it somewhere, but because you really know about that industry, area, development, etc. Something you believe in based on facts, context, and personal knowledge. This requires a lot of research, constant learning. Not watching videos on YT or TT, not reading Tweets, not reading Reddit posts. But reading actual (not financial) journalism, following economic signals and indicators, researching company fundamentals and industries, reading analyst notes and company filings, etc. Then you can buy something and then when the price drops you don't sell you buy more, because you bought for a good reason. All of my positions are like this. When they dip I buy. When they gain, I sell back to my target holding. I constantly rebalance. When the thesis no longer holds, I sell the position and move to something else. I have a complex but strict system of rules and I follow them so that emotions don't get in the way. I don't sell out of panic when things drop, or buy out of fomo when things are rising - the rules ensure I always buy low and sell high. But I spend all day every day, hours and hours, doing research to make these choices and moves. It's literally a full time second job. If you don't enjoy that and aren't good at it, don't do it - and just go with dollar cost averaging index funds with 99% of your portfolio. For the other 1%, play and learn with it if you want. But set strict limits. If you are trying to 'win' then you're gambling. And it's actually OK to gamble, but set an amount that you gamble with and an amount that you invest with. Give yourself $1k or whatever is a tiny percent of your portfolio, and gamble with it. Put it on bets you hope will pay off. You might lose it all, and if you do, you're done gambling. If you gain, put those earnings into real investments and start again with your $1k for gambling. Separate the gambling from the investing.

PaperHandsTheDip

Corruption. They wanted the men dead & actively prevented rescue attempts. The only guy who survived took all the air tanks for himself. \--- From the YT comments: "Here are some additional facts: 1) They were in there for 4 days and on the 3rd day people were still hearing banging on the pipe 2) Paria got the coast guard to stop divers from rescuing the men trapped 3) There were multiple divers ready and willing to go in from lmcs and rescue that same hour but were all blocked from going in 4) Paria said the coast guard would be doing the rescue but the coast guard said they had no equipment 5) The families of all the divers sat in the refinery carpark for 4 days waiting to hear news about their loved ones and the company couldn't even give them some water to drink, it was community members who brought food and water for the families 6) They left those men in there to die and when 4 days had passed and they were sure they were dead they flushed the bodies out the pipe as quickly as possible; this damaged the bodies and flooded any air bubbles remaining so if the men were alive by then the flushing operation probably killed them 7) The bodies were retrieved in secret, placed in boxes to disguise them and then snuck out via a back entrance, while the family members were left waiting 8) The families were never informed that the men had died or that bodies had been retrieved; they found out via a television news program 9) No one from Paria ever met with the families at any point, they were just outright ignored 10) When questioned in the commission of inquiry it was revealed that no rescue plan was ever made; they simply sat and waited for the men to die 11) Paria had the pipeline capped off on both ends so no one else could escape. 12) Chris tried to check himself out of the hospital but was restrained and forcefully sedated on the orders of Paria who feared he was planning on mounting his own rogue rescue operation (he later confirmed he was) 13) No arrests were ever made or charges filed and no one was fired or at least suspended from the company for the failing 14) Not a single cent was paid to any family yet 15) No new security measures or operational protocols were ever implemented or existing ones updated to prevent something similar from happening; indeed, Paria never even promised or announced plans to make any changes of any kind whatsoever (the remaining and new divers that were brought in were simply told to be more careful and that it was responsibility to prevent accidents of any kind) 16) When first informed of the accident, the first thing that Paria managers asked was how much downtime there would be; this was their first and only concern 17) Paria resumed operations the very next day after the bodies were retrieved (although the company wanted to resume work the very same day but it was nighttime already); this included the pipeline where the accident occurred which was put back in use the next day as well (in fact, 5 minutes before they started using it again they flushed one last time: Bits of diving suits and human tissue were still inside and once they came out of the pipe they were simply discarded in the ocean) 18) The company has an extensive history of corruption: Its managers are in bed with the government and they use the company to do underhand business so they can steal tax money. The company was originally called Petrotin until a scandal involving the prime minister who was found to be selling the oil illegally on the side using a friend as a straw man; to avoid jail they closed the company down and started 5 new companies from it Paria being one of them. Furthermore, local rumors have always swirled around claiming that the government is doing oil deals with Venezuela secretly to avoid sanctions as Maduro and The TT prime minister Rowley are apparently good friends and if the divers had survived the spotlight would be placed on the company which would also face legal actions from these men (dead men can't sue you or go public with what they know), thus making it much harder to do their corrupt deals so they were left to die and the government-run company got away with it with no consequences."

Aghanims

Younger gen all use IG/TT and to a lesser extent, Telegram/Signal.

FinancialLab8983

there was a TT trend (rather, a TTT, if you will) about this?

DistributionFine2222

zero maths, 100% sure he's right. \*sighs\* Probability = Number of favorable outcomes SPLIT BY Total number of possible outcomes. PROBABILITY = 1(GETTING TAILS) SPLIT BY 4 (HH,TT,TH,HT) PROBABILITY = 0.25 OR 25% NOW LET'S DO ANOTHER MATHS FOR DUMMIES. WHAT IS THE CHANCE OF GETTING 3 TAILS IN A ROW BY FLIPPING THE COIN 3 TIMES PROBABILITY = 1(GETTING TAILS) SPLIT BY 8 (HHH HHT HTH THH HTT THT TTH TTT) 1 SPLIT BY 8 EQUALS 0.125 OR 12.5% OMFG

anygal

You literally showed why is he right. The probability of hitting at least one of the two is 75%, TT, HT and TH, the only wrong combination is HH. Also, if a penny stock is a 50-50 for you then you do zero due diligence, which is a mistake. I always do thorough fundamental analysis before investing into any company, especially before investing into a penny stock. Otherwise how could one find the winners?

DistributionFine2222

Just to speak to an american here. Oh and the coin flip thing, the chance of tails on one flip is 50%..on two independent flips, it's still 50% per flip..probability of at least one tails is 75%, not 25% LMAO You have 2 flips and number of combinations : H -heads, T - tails. you can have HH, TT, HT, TH. You flip it twice P(Coin flip) would be 1/4 = 0.25 (25%) https://preview.redd.it/ttvlceh853yf1.png?width=418&format=png&auto=webp&s=c19c663f63ee20066e6db4ba35ccde219abcc493 You can however score tails both times you flip the coin, but your chance doing so is 25%

Honest-Enthusiasm

Tastytrade's is TT I assume; 0DTE is zero days to expiration, so TT's 0DTE videos/research is what I think they're referring to here.

originaldetamble

What’s TT 0DTE?

notquitenuts

You would think but that is NOT what the math bears out. TT even covered max drawdown last week or two but since you already seem to know, why ask? Or were you looking for validation on why you lost?

notquitenuts

I would highly recommend TT 0DTE stuff....Very informative on this "new" strategy. Ive been following a majority of it for a bit now and have to say that a 20% profit on a 20ish delta iron condor works pretty damn good. I will fight for a couple hours when they go against me but you have till like 1300est to play with rolling etc.

JackDStipper

Presuming you mean, at what percentage of max profit do you close. TT has a great chart that illustrated that.

redditaccount1975

This has happened to me four times this year with TT assigning one leg of an IC. What can be done about it? Can I ask them to always close the Long too even if its OTM? This has happened a week before expiration.

chasingmyowntail

Just do a bank TT . Generally, fees are not based on percent amount transferred. Can transfer millions usd for maybe $100 bank charges .

Small-Ad-272

I blew up a RH and my TT account, lol  I'n the end, it wasn't about playing small. More about getting in smarter more calculated plays with enough time for it to develop. Pretty much having a define plan in place with a good window for execution. I blew 2 accounts from making short term gambles to make it big. Both accounts have recovered and doing well, but only from a change in of mindset. 

tradebarriers

But celebrities and politicians love YT/IG/TT/X et al. And Reddit not as much. And people love their celebrities and politicians

howtoretireby40

Bull thesis: 1. When AI companies literally have more money than they could ever spend, they’re gonna want the best version of Reddit and not some scraped version. The AI competition is so close and so important to future funding, the quality of scraped vs. licensed data is material. Another round of contracts with their current and new tech companies is inevitable, expect a 10-20% bump. 2. S&P500 inclusion is inevitable now that it’s completed all entry qualifications which will push the stock yet another 20%. The S&P500 with its recent increase in market cap req has some overdue companies it needs to cut. 3. Reddit’s growth is absolutely torching IG and X who both actually have negative traffic growth according to SemRush. In fact, Reddit just jumped from 7th to 6th place in global website traffic and is within arm’s distance of IG who’s in 4th and chatGPT in 5th. IG is completely saturated and you’re either on it or you’re not while Reddit is just now investing into international countries. 4. Fuck all the other social medias like IG, YT, TT, X, FB, all of it! People are so done with not being able to downvote BS or not being able to speak their mind for fear of becoming an outcast in their circles. Anytime there’s something exciting, you will never catch me engaging with anything on FB/IF but you will get my opinion on Reddit and that sentiment data is 2nd to none. Which is why they just partnered with NYSE for sentiment data. 5. For everyone complaining about bots, Reddit is hands down the best major social media site to handle them because they’re so easy to spot and downvote. You see them all on IG but you can’t do shit about them. On Reddit, they get downvoted enough, they get hidden. And EVERYONE has had that question that no one could answer except some random dude on Reddit one day. Long story short, Reddit may not completely replace IG but it’s going to be a helluva lot closer over the next 2-3 years. Reddit’s a bit behind in profits, sure, but you can’t convince me that Reddit is only worth 1/50th of Meta by market cap. No way.

purplelavender39

Same TT

Code3Lyft

Some people here wanna harp on TT for commissions and revenue and blah blah blah but as someone who was following tastytrade in 2013 when Tom & Kate were doing WDIS let us not forget that they did this commission free for a very long time and still host tons of free events and it costs you nothing to watch the show and learn, email, and tweet questions. So basically you can learn all they have to offer and absorb all their content and go trade wherever the hell you want. Just saying.

Capable_Inside8618


LingonberryCool9980

Same experience here . I've been trading options for income, based on TT's strategies. Since rewards are capped while risks are not, I thought Market Rebellion's unusual options activity to buy options ahead of an explosive move. Subscribed 3@3, lost $$$ and gave up.

EquivalentSelection

Chin up. At least you're not using RH. TT is the best trading platform. That's worth the loss.

80delta

Sosnoff is a blow hard. F that guy. He got rich selling a product, not from actual trading. Told his legion of followers to trade often, racking up them sweet fees, laughing all the way to the bank. His original platform TOS is still way superior to TT. You would think he would've improved upon it, but no.

Admirable_Airport422

Thinking at least one reason for the AH spike is drive from X. @TT_stocks_ bought 125k at 0.315. Apparently a lot of buzz also started from INTS post on X 12 hours ago

Royal-Leopard-3225

[https://youtu.be/m4qJD6AcWQo?si=61h_mmZhT855T8TT](https://youtu.be/m4qJD6AcWQo?si=61h_mmZhT855T8TT)

serendipity-stocks

https://preview.redd.it/c8chw3dsb4uf1.jpeg?width=1320&format=pjpg&auto=webp&s=f9b9b2131f46035a6b73de227f95f0ee3dc13778 TT\_stocks\_

Passive_incomes_lazy

Pton bros needs to bet (dkng) on big TT bbw's LMAOOO

cohhen

PSCA to $1.08 https://x.com/TT_stocks_/status/1975286776232075333

cohhen

PCSA to $1.08! https://x.com/TT_stocks_/status/1975286776232075333

cohhen

PCSA to $1.08! https://x.com/TT_stocks_/status/1975286776232075333

cohhen

https://x.com/TT_stocks_/status/1975286776232075333

cohhen

PCSA to $1.08 https://x.com/TT_stocks_/status/1975286776232075333

katzecatgato

[https://x.com/TT\_stocks\_/status/1975286776232075333](https://x.com/TT_stocks_/status/1975286776232075333)

katzecatgato

Check this out $PCSA looking good [https://x.com/TT\_stocks\_/status/1975286776232075333](https://x.com/TT_stocks_/status/1975286776232075333)

teqnica

Seconding rvph and then pcsa (https://x.com/TT\_stocks\_/status/1975286776232075333)

teqnica

This was a big part of the boost yesterday I think: [https://x.com/TT\_stocks\_/status/1975286776232075333](https://x.com/TT_stocks_/status/1975286776232075333)

BlackberryJolly4830

Saw it on twitter and has been pumping trying to break .30 [https://x.com/TT\_stocks\_/status/1975286776232075333](https://x.com/TT_stocks_/status/1975286776232075333)

Walking72

After owning two houses both with Trane HVAC I can say with some authority that it is in fact *not* hard to stop a Trane.  At all.   Puts on TT.

Hifi-Cat

I've been building out a small climate change portfolio. Some positions have been expensive and I'll be bag holding for a while. CODYY, CPRT, TT, VLTO, EMR, ETN, PWR.

Dry_Move_9569

The other side of that coin is that the TT "IVRank" is predicated on an arbitrary backward looking range of one year. Volitility doesnt necessary predicate a 1 year window. I do think that their IVR metric is a bit flawed, depending on your strategy.

TheInkDon1

I have to agree with u/Ed\_5000 here: a penny on a trade is a dollar. So 100 trades per week is $100. And I didn't see it mentioned in the thread, but does TT get paid for order flow ([PFOF](https://www.investopedia.com/terms/p/paymentoforderflow.asp)) like RH does?

SDirickson

Did you have a sell order in place? Some brokers will use that as an indication that you're paying attention and give you more time, but it depends on the broker, how bad it will be if it doesn't move, the account balances, etc. RH has gotten into quite a bit of trouble for allowing people to do stupid stuff, so they've cracked down a bit. Don't know about TT. The approach you describe is asking to be punched in the face anyway, so don't expect a lot of success no matter where you trade.

Ivy0789

Could not trade or could not get a fill? Trading on WOLF or WOLF1? Did TT convert your position this AM? Were the contracts traded today broker-to-broker (yes) because the OCC has yet to publish the official conversion ratio? How does TT handle broker-to-broker trades?

Useful_Violinist_451

I thought Tom Sosnoff owns TT

lunaticc

Completely out of the loop as well. I literally saw TT and Tom a couple weeks ago during their live shows.

TradeVue

I think you’re misunderstanding what “ blown up” means in the context of that stat and also misrepresenting the style of trading. Sixteen percent is actually very low compared to most retail brokers where the numbers are closer to like fifty percent or more when people YOLO calls and puts. That is the whole reason TT pushes defined risk spreads , small position sizing, and managing at fifty percent winners. Selling premium with a plan and proper mechanics gives you a statistical edge. It is not a guarantee but it is an edge compared to buying lotto options. Spreads like iron condors or strangles are not account killers by themselves. The real problem comes when traders size too big or refuse to manage risk. The platform and content repeat the same thing over and over which is trade small and trade often to avoid that. Covered calls and single puts are not automatically safer. If someone goes all in and refuses to manage, they can blow up just as fast. Convex trades sound nice in theory but that edge only exists if you are consistently right on direction and timing. The data shows most traders are not. Premium selling flips the math in your favor because you are playing probabilities instead of chasing lotto tickets The reality is options are risky if you treat them like a casino. The structure TT teaches with defined risk, probabilities, managing losers, and trading frequently in small size is one of the few systematic approaches.

Xerlic

Yeah I agree with TT having a rabid following. I remember a while ago I said something on Twitter about getting blindsided by the $5 per leg assignment fee after a few XSP butterflies settled. Bat replied to me and it caused a bunch of people to angry tweet at me. To their credit they do provide a decent basic option education in their videos. Mike and his whiteboard is still good stuff for someone wanting to learn about basic option strategy. But yeah they over trivialize trading on their show. Just putting on trades that viewers suggest based on vibes just tells people that anyone can do this. Dangerous stuff. And their motto just serves to pay the brokerage. Trade small. Trade often. At $1 per leg.

A_Dragon

Yeah I don’t even trade exclusively in options, but for swing trading that occasionally needs to use options for capital efficiency I’d much rather use TT than another platform. I wish it was a little easier to buy stock flat out without having to go into the grid, but it’s not like I’m scalping so speed isn’t really an issue. When I do need to use an options strategy they are just no hassle to set up, and much easier to manage.

Scary-Flan5699

I didnt realize this was a sub about gatekeeping options strategies for beginners and reading into things that dont really matter. What is the use in overanalyzing the schwab or TT buyout, or the Toms departure several years after? It doesnt really matter who likes him or not, he has fuck-you money and is moving on and thats all the public needs to really know. tbh the blow up rate seems extremely low compared to the 70-90% stat of retail traders lose money, and very unlikely to be the reason. selling high volatility with mean reversion is an edge. whether or not you buy or sell, play directional or delta neutral, or fucking punt for lottery tickets, the market will accommodate all and doesnt give two shits

Striking-Block5985

IMO you don't undtstand what TT does, it use IV Rank to find tardes that are excessively overvalued and to sell that high voltility. That's the whole point behind IVRank as a starting point and leads to the absurdly low 16% blow up rate

Striking-Block5985

wow lol , TT is the best option platfrom I have ever used becasue its so easy to set up the spreadsc using dragging and dropping and movong thes trikes around using the mouse , I can see the probablilities and quickly execute and set up brackets/ triggers for taking prfit and stops . I don't understand why you think it is shit? Leads me to suspect you don't know how to use it. I'd go as far as to say TT is the best platfrom to allow tarders avoid huge losses.

chai2048

TT is a sub par platform. i don't understand the hype. it was probably due to their youtube videos and studies. but the platform is siht.

yodaspicehandler

Didn't he also say a similar percentage of TT users beat the S&P? Personally, if you read any options literature, you know it's dangerous. You can start with something safe like CCs, but I can't help but think it's normal to blow up your account at least once before getting the hang of anything more complex than CCs. I've 'blown up my account' a few times. But they are paper or tiny test accounts and represent <0.1% of my total port value.

hellojabroni777

i did think the “good bye” email was a lil sus but could be a nothing burger. my theory is a huge overhaul and rebrand to cater to gen z’s. TT video formats are pretty outdated.

jazzy095

What are TT accounts?

aerospace_engg

All TT has been doing is marketing for entry level folks to do small trades over time which make them money in terms of commissions.

Impossible-Line9428

Poor risk management, they went down fast, was not prepared for that. TT (tastytrade) is a brokerage, as much I love RH interface, I need automatic stop loss at my risk tolerance, and take gains too. Tastytrade have that option, RH is all manual it got messy, next dip I want out faster.

MalcolmXATL

Yeah what’s TT?

dryagedsalmon

Man, what happened? Am reading book about trading psychology and the author starts off of the book about losses and stuff. Also, what’s TT?

Impossible-Line9428

I have not started in TT yet, applied today -already missing RH interface. 😂 I feel the message, thank you.

p4r4noid_4ndroid

Don’t quit. It’s hard but it IS learning and you’re already approaching it the right way. The future belongs to this who can learn, unlearn, and relearn. For how much I love Robinhood’s UI, it’s limiting for some serious trade strats. TT is better but god it’s just so ugly lol. Totally putting into the universe for you: one day this “lesson” is going to feel like loosing a penny on the subway.

Apprehensive_Two1528

As i mentioned in my other post, i’d invest NEW money of $10k to 1 qcom 2 baba 3 bidu 4 Acn 5 oil refineries psx cop and hal 6 beaten down pharmaceutical companies with limited amount 7 boring plumbing companies. Ferg JCI TT 8 insurance companies prg chubb 9 aerospace & in the air company : TDG HWM AXON 10 lly mrk pfe 3% limit

FaythDarkHeart

Bought a house with my amd nvda shares on 2018 and the house has gone up but it's not liquid as I'm living in it TT.TT