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How many TastyTraders here in Australia?

Discussion in 'Derivatives' started by Warriortrader, Jan 16, 2017.

  1. Warriortrader

    Warriortrader

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    Hi,

    As you may have heard, Tastytrade launched their own brokerage on the 3rd of January, 2017, called Tastyworks.

    Unfortunately, Tastyworks is not available to Tastytraders to use here in Australia, because the Clearing agent that Tastytrade uses, do not have a local presence here. Funnily enough, that is the exact same situation in Canada, too.

    I was wondering if tasty traders who might be on this forum would be keen to join me to make a case for us. It could be possible, but we need the numbers.

    So if you are a tastytrader (well, follow the philosophy and trade through any broker) and keen on a tasty works account (tastyworks. com) drop me a personal message or feel free to respond on here.

    Thanks in advance
    WT
     
  2. Warriortrader

    Warriortrader

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    Ok...as of 11:35 am on Tuesday 17th...there were 89 views but not one Tastytrader....
    Thanks guys for looking...
    WT
     
  3. OmegaTrader

    OmegaTrader

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    Still pushing the same boat?
     
  4. Warriortrader

    Warriortrader

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    Mate, if you have nothing positive to say, why dont you stay out of it...
    You went on and on about Virge666 trading the other day...habit?
     
  5. OmegaTrader

    OmegaTrader

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    I am suspicious and so i ask. You criticise as may I.
    If tasty cheesy donkeys i so good why isn't any one commenting?
     
  6. Wysiwyg

    Wysiwyg Everyone wants money

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    I would think most have already got their brokers or are looking at established brokers here in Aust. The name might be a reason why it had many views. I have watched the dude with the cap doing interviews and found the productions okay.
     
  7. T0BY

    T0BY counterparty

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    I am interested but can't commit the capital yet. I remember looking at ThinkorSwim margin requirement for writing options and minimum was 125kUSD a few years ago..
     
  8. minwa

    minwa

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    That's probably for portfolio margin accounts, it's not essential but for helpful for getting good returns if you do equity options.

    As for Tastytraders out there a lot left when their star Karen turned out to be a fraud instead of the superstar trader hyped up to be.

    I find it OK to learn the basics of options.
     
  9. Virge666

    Virge666

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    I am so with you there. That Karen Supertrader BS was a mess, put me right off the whole thing. Premium selling is an income technique - not a get rich scheme / make enough money to live off with 20K portfolio thing.

    I went to Dan Sheridan around this time to get some better more consistent ideas.

    That being said... TT is much better nowadays. Their last two series on Scalping and Top Dogs is gold.
     
    minwa likes this.
  10. Value Collector

    Value Collector

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    is there any video's they put out talking about the fraud?
     
    OmegaTrader likes this.
  11. minwa

    minwa

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    Yeah especially when they based a lot of their research around that time around Karen's strategy. Well good to hear they're improving. I'll check it out sometime.

    Sheridan is certainly better from the peeks I've had.

    None that I know of, but they added a notice in the description in the Karen videos and as the case is still ongoing, they just alerted viewers to have own discretion as she may be charged guilty in court.
     
  12. Valued

    Valued

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    I don't even know what a TastyTrader is. I googled it though and they have some website and one of the videos on the front page is called "long or short currencies?" which is a really dumb question. To trade forex you have to be long on one currency and short on the other and so the answer is both. I clicked on it anyway to see why they asked such a dumb question and it turns out they seem to equate going long on a variety of major currencies but short USD as being "long currencies" which I suppose technically is accurate because they are long more than one currency.

    When I was watching the video referred to above they indicated they think analysts are wrong about bullish USD in 2017 because of the price action in the first half of January 2017. They said that call is really bad but they are simply looking at a different time frame and accused Goldman Sachs of indicating that view to mislead the markets so they can get out of their own positions. When analysts are bullish on the USD in 2017 they are bullish long term over the next 12 months rather than being concerned about volatility over a few weeks. I am not sure I would make the call that they are wrong two weeks in with 50 weeks to go. Their reasoning was on the lines of saying well the USD has rallied so much how can it go up more? I am not sure how sound that reasoning is. There are some sound fundamental reasons at this point in time to be bullish on the USD this year and I am not sure the argument that it has rallied in the past is a good indicator that you should now be bearish on the USD. There are likely some good reasons to be bearish too, but I just don't think that's one of them.
     
  13. Virge666

    Virge666

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    Yeah - there is heaps online, just google it and you will find it.

    It wasnt fraud though, you can read about it to make your own conclusions.

    I just thought it wasnt required, there is enough good stuff on TT to not have to have that kind of BS taking airtime IMHO. I think it was 4 years ago, when TT was in its infancy so i guess we can forgive them for chasing some marketing.
     
  14. Virge666

    Virge666

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    I think it was the other way around. The TT boys were advocating the use of strangles and straddles and trading around them. Karen was their poster child for a while. She DEFINATLEY was not the catalyst for the research.

    I lost interest in TT around that time, I watched it because I was a big fan of the TOS platform, but yeah, i found Sheridan more my speed and style. Dan Kaufmann was a great tutor too.

    BUT, $1 a contract and free to close trades is the big news here. Not to mention decent software which is not available anywhere in Australia right now. I cannot find anything even remotely useful as an options trader for use in Australia. It all sux.
     
  15. Virge666

    Virge666

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    I listened to that as well. But the point i got from it was that the call was too late and rather pointless.

    If you want something more to your style - watch the Ryan and Beef show.
    if you want trade ideas - watch Bat vs BAT.
    If you want to learn about options... thw WDIS series and the Rachel Fox series is perfect for you.

    Hope that helps.
     
  16. trader_bri

    trader_bri

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    I know I'm a little late to this conversation, but I watch tasty trade and was super keen on having tastyworks here in Australia, to find that it wasn't happening :'(
     
  17. Warriortrader

    Warriortrader

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    Hi, Thanks for taking the time to post...all is not lost...do private message me for more details. Have a nice day.

    Cheerio
     
  18. mjim

    mjim

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    TT... h..mmm I see some of the videos.. many times I find that they start with strategy explanation but they don;t follow it through and many times the external expert they call sound like they see some flaws in what is being showed but can;t really say it loud.. the banter between two presenters just eats in to quality time and focus goes away from what the video should be .. I feel like screaming "show us the real thing man stop talking too much, stop all that unwanted banter stuff get to exact live examples.... For example in case of pairs trading futures and the million dollar question do these GURUS actually trade anymore! and where is the proof of their own risk taking!
     
  19. Virge666

    Virge666

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    I dead set love everybodys skepticism on here. but you need to come from at least some tiny bit of experience to be an educated skeptic.

    I cant believe you have guys on here falling for the most basic of scams like paying $5K to manage a 20K account, but when something comes along that is FREE, from experienced traders trying to stick it to US banks with their own money and not charging you a cent nor trying to sell you anything... you get all on your high horse without the smallest of research.

    1. it is a talk show, there is a lot of banter -they have to fill 6 plus hours a day of content, it would be boring as batshit if there was no banter.
    2. They use ALL their own money and they publish ALL their trades and profits in the public domain. You can see the actual trades being placed live and you can also see them on the platform. ALL OF WHICH IS FREE.
    3. The video you watch is about margin - yawn. Pick something good like the top dogs segment and managing straddles and strangles. Watch the Rachel series on Where do i start. Again ALL FREE.

    Dude, do some research, more than 7 minutes worth and work out for yourself if it suits your trading personality. I have been doing this for over a decade and i make money doing it. Not massive amounts, but easily 4 times what the benchmark is each year and i do it without looking at a screen all day.

    Again may not be your style, you may want to sell futures and go direction based on Tech signals, if that is the case - then this is not for you. This is maths based trading, nothing more and nothing less.

    But the question i put to you - is how does tastyworks makes money, that is what you need to find out to see if it is a scam. It is what you should ask anyone who wishes to sell you something in this sector.

    PEACE :)
     
  20. Virge666

    Virge666

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    You know what, let me put my money where my mouth is. How is the below for content for you, again all offered free.

    option strategies...
    https://www.tastytrade.com/tt/learn

    Covered calls with extra videos at the bottom and guidelines and check lists.
    https://www.tastytrade.com/tt/learn/covered-call

    One of the MASSIVE ones... managing winners at 50%
    https://www.tastytrade.com/tt/learn/managing-winners

    how to improve your chances with Iron Condors
    https://www.tastytrade.com/tt/shows...n-condors-increasing-probabilities-10-20-2015

    Selling Puts vs Buying stock - someone else on here asked this too
    https://www.tastytrade.com/tt/shows/options-jive/episodes/selling-puts-vs-buying-stock-05-17-2016

    There is even an entire series on daytrading / scalping which is totally different to anything you have ever thought of.

    https://www.tastytrade.com/tt/shows/scalping

    Anyone can get access to this content any time you like, you can even write them and ask questions. That would be a team of over 80 people who will answer your questions for free. You can even ring in and ask questions on air. They do questions on air for about 2.5 hours a day.

    Again all FREE. It is one hell of a scam, i wouldnt go near it.
     
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