Totally agree, people dont want to hear this truth

Fooled by randomness is a great book.

They are the same world, literally, just different perceptions and expectations.

i really enjoy their show... i find myself listening daily every now and then...I think they belong on TV

Yeah because his work makes a huge impact on the lives of retail investors

Emotions can not come out until u love ur job. U can pretend for some time but not long time, u will get bored

I am with you. Cynics everywhere. LOL.

This is the way.

Same. Would have been nice to have found him $50k ago.

shadowpenguin93 It took me a good year for it all to click after listening to TT. Now putting it to work 💸

@@ATHLETE.X 1yr is not enough

Interesting, you think Tom S. is legit, successful and nice guy ... yet you think Blair Hull is a phony? I'm thinking you are a young snowflake. BTW, I think both of these legendary traders give unique perspective for traders to consider for their own "edge".

@@AA-ks1zn Kinda cliche but shouldn't you learn something from everyone? Even if it's...how not to do a particular thing.

Yeah when he said fundamentals don't matter I had to disagree. For his style of trading... sure he is right. Otherwise no.

This was great, thanks, I have been researching "stock option market hours" for a while now, and I think this has helped. Have you heard people talk about - Winoorfa Option Olegroson - (Have a quick look on google cant remember the place now ) ? Ive heard some incredible things about it and my m8 got excellent results with it.

you should. he's always at the money shows all the time and will talk to you individually too. they have free food and alcohol at the shows too!

Yes, he didn't bash them, that's just his way of saying that he prefers a different strategy

It will in a bull market.

@@spoochymcgoo1616 it will be in a 100 years of S&p 500 history.....

@GODESTINY it's not about timing the market it is about time in the market.

@GODESTINY Go search for a 30 year losing streak in the s&p gg

It's okay but there are far better strategies, also, times changed!

he trade option futures becouse of the much higher profit potential but also much riskier.... you definitely have to have a bigger account size. So for him is much more suitable!

options on futures, and he definitily loves futures. He doesn't deep down think any other strategy is bad, he just illustrated how he sees his strategy as being the best , because you have a higher probability of success because of the options pricing behavior

Paulo Justiniano he uses futures to scalp around his portfolio which is mostly made up of smaller option positions

He believes futures only can't be successful, but trading futures around an options portfolio works

In your own words, what is the Tasty way?

@@rafaelosorio2251 Delta neutral, trade small, trade often is the tasty trade way.

@@RakeTable Trade often with zero edge trades, so we can make millions with our brokerage, end of discussion.

I was thinking the same thing. He is very opinionated without providing any adequate facts.

paidvideogamers .com he doesn't look at charts. I used to read every chart there was until I really started following him. best decision ever was to ignore all the technical and fundamental stuff. I disagree with him though that other people don't make money trading different strategies.

+paidvideogamers .com: . I'm guessing you're not an options trader. If that statement is not correct : I'm guessing you're not a very good options trader.

Nate Wheeler: I agree with you wholeheartedly: Not everybody is lying regarding their making money from stocks. I can assure you that: The Market Makers are not. The Specialists are not. The Brokers are not. The Goldman Sachs types are not. The Institutions are not. The Banks are not. The Politicians are not. The Floor traders are not. The Pump and dumpers are not. The CEO's are not.

eddyvideostar floor traders don't loose money? He's talking about retail traders that try and teach other retail traders, no body is saying that market makers even today aren't making money just saying that a lot of people selling a program via retail traders are full of shit

Yes, from where do you think the option alpha guy gets his stuff?

Option Alpha learned from tom

joey86bu1 at the current moment things are priced how they should be or index arbitragers would fix it before you ever had a chance to, he’s not wrong

It's called efficient market hypothesis which describes the market as having all current technical, fundamental and insider information priced into the market at any point in time.

@@cmhvacr1010 Exactly!

@@qbb01 Exactly!

Joey ... take these two replies to heart

Kzo86: You make a good point: ALL of these trading videos are for the purpose of attracting and nudging new neophytes.

50% ROC using his strategies, tell me how you achieve that without actively trading?

Spot on!!

@@musama8771 if he can make 50% why hasn't he started a proprietary trading company or hedge fund, instead of a brokerage? Plus if you had strategies with positive edge, you wouldn't tell everyone about them, as it would reduce your returns. He's just a trading addict, who is at least smart enough to realise he needs to be the casino/ broker.

Yeah, I wanna get a level where my arrogance is backed by experience like Sosnoff

You clearly were not paying attention to the interview. The guy is a mathematics expert and he focused on probability rather than historical indicators most traders use. Tom does not believe in Tech Analysis that's his prerogative. He's been very successful more than most people using mathematics alone

You're absolutely correct!! Ignore the comment below, mathematical genius 🤣🤣🤣, it was originally promotion to generate volume for TD, but then he built his own brokerage to take advantage of the Tastytrade punters himself.

@@user-gy7cy7os7g and he is not shy about his love for payment for order flow either lol.

No, he made his bones (and also the seed capital for TOS) as a hardcore Chicago pit trader. And I think he's leveraging that dominance at least psychologically over his customers: the pedigree of a CBOE veteran and the craft of an internet guru, all in one. I love his infotainment, even as I spot more of his tells as I grow in knowledge.

hui zhou because people where selling against it the whole way, no body predicted the flash crash it was a random event, things will always happen everyday that are random events, if you treat the market as random and can make money in that environment I consider you a real trader

That's 20/20 hindsight. When it was at 1000, how many knew it would go to 19,200. And ... any law saying it couldn't go back to 1000?

Walt Jones well said, market has to be ether one of two things up or down since inception just so happens it’s up, more so because of inflation but there’s nothing saying we don’t enter a 10 year bear market while you need to retire in the next 5 years.. buy and hold is a truly ignorant way of “investing”

The Feds expansionary monetary policy has steadily inflated stock prices since the early 2000s. That is the only reason that the market is so high right now.

He is talking about the shorter term and that is hindsight 20/20. He is basically saying that the market should be treated like a casino where you place multiple uncorrelated bets with high probabilities so you can win whether the market goes up or down and do so consistently.

Lol I always skip 5 min ahead on all of Aarons vids

There it is. "You wouldn't see nearly 100% of novice traders go broke if trading were a flip of a coin". This made me turn this interview off.

That's it, the whole reason some make money out of stocks is due to its inefficiencies. Even Buffet uses mean reversion/trend following to "fair value", the market has never been efficient, and that's the point. If something changes in the market, it has to move to get to its new perceived value, which requires people to pull the trigger and get it there, it doesn't just magically happen. The only argument that he has on market efficiency, is the price as it is at this very epoch is supposedly the most efficient price, which really is semantic bs.

wow.. you seem to know so much about Sosnoff... what do you do?

you misunderstand and misjudge

He want’s others to trade the same and rack up commisions👍🏼 lol. Never agreed with the guy with almost everything that comes out of his mouth😅

@@hellodave7526 he's got it absolutely spot on!!!

There's no price edge or insider edge anymore. Markets are priced perfectly because there's just too many buyers and sellers in markets. Or, as Tom said, there's too much money chasing any returns they can get there hands on because risk free rates (Bonds, bank accounts) are 0%.

​@@iCore3sounds like bull

I think you should give it some more time before giving up, it's not useless. I made consistent 4% per month returns even during this February when the markets were falling.

Are you employing their methods using a different platform? I have a Schwab account which is too high in commissions. But have negotiated commissions with TD that make that my cheapest platform. But I use Tasty Works because I love the format for options trading and trade management. Their commissions rival the negotiated rates for TD.

kabes TA and FA....for trading ??.....no fucking way. TA and FA only exists to throw people off....for investing sure....

I've discussed this with Tom many times. I first found trading via his company TasyTrade. Over time I realized that I could read markets pretty well & at this point I fully price trade the /ES very successfully. Tom will not be influenced on this point, I've shared many actual trades with him. He likes to think he is scientific but in the end in my opinion he is religious in his efficient market beliefs - no amount of evidence will change his mind. Anything that does not fit his view is categorized as an outlier. I am an outlier, consistently, & will be for the next 20 years. I have a math degree and worked as an actuary for years; I am an outlier in my ability to read markets - but that does not mean I am a lucky statistical run. This is incorrect thinking, Tom is wrong about this aspect of markets.

jxr94115 not many people can read the market without being initiated by expert traders. And even then...it can be hard as the market has a little secret that wipes out pigs and thieves...that secret is in plain sight to the selfless and completely hidden to selfish...its quite astonishing. so ..in the end, most selfish people will get wiped out and it is those that are selfish that enter the market and try to get something from nothing in the first place...... The market is as wise as the work of satan...and that is very ironic for a reason i am not going to discuss. I am in the market because of the fun..and i have fun losing as much as i have fun winning...because the greatest fun is puzzle solving..(sorry not in the market right now)

Oleg Foight Most of the time I'd say prices are random. Sometimes fear out weighs greed and vice versa, I can't see how they would always be in perfect balance. Surely sometimes the market is too fearful and sometimes too greedy. Although, my guess is that very few people can exploit that consistently. I don't currently trade at all, except for a dual momentum investment strategy advocated by Gary Antonacci called "GEM". But that'll take a decade perhaps before I can say whether it sustained an edge over the benchmark. You can check out his website to see how that system has performed since the early 70's. I back tested it myself, it holds up. My actual "trading" is still very much confined to back testing and creating systems. It'll probably be years before I can personally say I can beat the market with any probabilistic certainty (or not).

Yes all of my trades are directional. I no longer trade options, not that I don't like them but because they are not worth the focus when compared with futures. This is true for me only because I have become very good at the price action for the /ES and the /ZB. The futures markets offer superior reward to risk and frequency of opportunity. I'm not going to go into any kind of detail of what I do other than to tell you that my default initial stop in /ZB is 3 ticks and it's common to find several trades per week that go over a point (32 ticks). You can get that with OTM spreads in options but only in exceptional markets and never with the frequency that bonds are giving now. An example, I shorted /ZB around the open this morning for 19 ticks with a 3 tick initial stop. I would have made my point had held it, but that's the hard part. There is no doubt that looked at on a larger frame you can argue markets are consistent with a fat-tail slightly skewed bell like distribution & the options markets do a pretty good job of predicting the width. But that does not mean that the movement on smaller time-frames is random, it is not. I have turned a small account into a pretty beefy account. ROI for me is strictly a matter of how large I'm willing to go, it's a matter of psychology. Over the course of a year it's not ROI but multiples of the account. You could argue that I've been lucky or not traded long enough ... that is the way Tom thinks too, but I do it day in and day out.

You gotta have an open mind in this game.

your opinion is a joke

Thanks. I’m new and this episode was a little discouraging as I really believe in technical analysis and FA

@@FAFash-wo9yg All the algorithms are built using TA as their foundation. I program some of these algos, the next struggle after doing this is bringing FA into the picture as well. Which requires Natural Language processing, for the algos to add some news language as weightings. Trust me the guy is talking garbage, because he doesn't understand what Quants do. He even back tracks a bit, and makes HFT's an exception, even though they are built on TA market inefficiencies, and arbitrage. Markets are becoming more efficient in the context of spread and pricing from moment to moment, but they are by no means efficiently priced all the time. Bollinger Bands help people discover these inefficiencies in pricing using standard deviation from a moving average price. VWAP does something quite similar, which helps people understand pricing against volume. Stocks can move on low volume, but large volume dictates the real pricing. Just some pointers for you, good luck on your Journey Abi.

Lol. Care to elaborate? Tom has a very strong POV. I don’t agree with most of it but I respect his ideas about the market.