We can hit a pack of cigarettes with a missle from a thousand miles away but the art of a reliable microphone is technically beyond reach.

32:10 "wealth is not created through being right. Wealth is created through being smart." Tom always gives you interesting ideas to snack on!

I'll take any Sosnoff talk even with bad sound issues. Thanks, Tom!

I didn't realise that I learned so much rubbish stuff until I watched this video. Thank you Tom for your great content which sets a correct direction for us to learn and work towards to. 👍👍👍👍👍

I am so sorry that I havent had discovered Tom Sosnoff all these years! finally so glad I found this guy.

"Volatility is essentially a measure of opportunity, its just a fear gauge"

It’s not very common to find out so much grade A information in 39 minutes. Thanks for sharing this video and thanks of course to Tom.

go to 35:30 to hear the ten things you need to know- otherwise Tastytraders find nothing new here. And it isn't trades, it's "approaches". (Derivatives, Futures, Pairs trading, Basis improvement, basis reduction, Arbitrage, yield curve, hedging, volatility, digital currencies, selling premium.)

This info sounds so valuable that every sound cut drops it catastrophically.

This is what I needed today. I sell premium in high volatility all the time. I love trading vertical spreads and time to time calendar spreads.

so many golden nuggets in this talk. Tom Sosnoff is a great individual to learn from. Very passionate about the markets

I really like Tom Sosnoff's explanations of what is really important to understand about the markets. He has a great common sense approach and is excellent at explaining complex financial issues in a simple yet entertaining fashion.

I really like Tom. He explains things in a way that is easy to understand

Volatility is mean reverting. I will hold this near and dear to my heart.

Tom is playing chess while the rest of us are playing checkers.

Me listening to this and thinking about all the great opportunities in stock market during the pandemic and also the slow recoming to normal life where there are more jobs than people can have

Good talk, I wish they'd shown the slides.

Love Tom and his crew. He's loaded with knowledge and shares it for all

Such a masterclass condensed in such a short time! So sad the sound issues made it sometimes difficult to understand.

"Bull markets make people into geniuses that aren't geniuses"

Tom You are a genius!!!

Amazing person 🎉

My gut feeling can sniff off when somebody has a real knowledge.

Good job out of you Tom

Damn he was soooo right!

RECAP (for the vast majority of you for whom it won't make sense, seek options education. You won't find it in social networks, just a hint). 1. Understand how derivatives strategies work 2. Understand the futures business. "For it drives the securities business". Most amount of leverage, most amount of liquidity. 3. Pairs trading. Understanding the correlation between correlated underlyings (unaudible!). How correlation works, how price divergence works. 4. Trading volatility as a mean reverting value. There is no such thing as mean reversion with respect to price - it is completely subjective. Whence volatility is truly mean reverting : there's a math model behind it. With price, it's just subjective. Understanding that, and looking for opportunities that way, "is kinda neat". 4. Yield curve. Being able to articulate interest rates and the yield curve. Very important :once you get to a certain level, everybody cares about interest rates, and yet very few people can understand them. A young person that can explain widening and tightening of interrest rates and how that yield curve works, "is very impressive". 5. Val orb. The essence behind the entire professional world of finance. Understanding volatility, knowing how it works, and its expected move, and how correlation plays a role with respect to premium and volatility is a special skill, and very few kids have it. 6. Hedging. Knowing that individual stocks, individual underlying, are very difficult to hedge, and probably not worth it. Because the expected move is greater than the realized move, you have to pay the price of that expected move, which means it doesn't work (or it's not worth it). Hedging is a portfolio of things. Understanding essentially that volatility is a measure of fear, is a measure of expected move. As soon as you learn how to take advantage of volatilty, because you understand what it really is - "fascinating stuff". 7. Digital strategies; get what it is. Being able to undertand blockchain, various currencies, just to make you well rounded, informed, (...). 8. Selling premium. It is critical to understand how it works, the logic and the math behind it, because it is the one way to take advantage of outsized volatility. 9. Lastly, basis improvement. The key to long term, scalable, repeatable success.

I was tricked into watching by the title, but now I'm glad I did

Hi Money Show or Tom. Can you please list the Top 10 that Tom listed? I watched the whole video but the audio cut in and out when he was listing them. Thanks!

19:35 My mind is blown, its all starting to click now

Buy and forget it outperforms all market experts

How strange when they taped this, they did not shoot the slides played on the screen. I thought he had no slides. I only realized he was using slides when he said at one point that "this is my last slide".

I wish that a not so young people could also get a position like young people managing money

Please recommend one best prop firm you would deal with now & WHY. In traders Prop Accounts is Hedging Allowed(firm names)? Also For Hedged positions Is any margin required after hedging is completed? For open hedged positions carried overnight how is daily loss limit calculated next day of trading?.And thank you.

"Wealth is not created from being right. Wealth is created from being smart." This guy has so many quotables "How can you have scalable success in random markets?"

True kind genius

First of all, Tom has to boil down a topic that is arcane and powerful as we who operate knows. Second, he is gracious in the fact that the mic doesn't work perfect. Just like options trading. If you don't get the analogy, go sell real estate. No, I don't know this man, he is trying to say something complicated in terms the audience can understand.

Clutch sound guy. Sound gets fixed around 3:00 so hang in there

Alot of people doesnt know but Tom is Barbra Streisand's brother.

One of the best teachers out there. If you can understand him and put the effort to grasp what he teaches you are set for life!

Great content, but fucksakes the sound cutting out is killing me. Thank you for the video though

What did he say exactly at around 13:28? Walarp...vol arp, something related to volatility but I cant figure out.

As always, great info Tom! I think I may be ready to Taste the Trade!

Thanks for posting the lecture. Great flow. Shoot the sound guy.

Base reduction make u miss buying hr price on spot so u loss long term large profit protection vs small loss if buy right on spot

Darn that microphone!

I wonder if Tim Sykes can explain this way

the lanyard keeps hitting the mic... he should have taken iff the lanyard to make sound better

Sound never gets fixed

Awesome video terrible sound

Wow this guy is smart

the mike guy!!!! you had one job!!!!

I wonder if AI will dominate this industry soon

Someone get that audio stagehand replaced!

I think it's funny that his first point on what he thinks is important to understand, I don't even understand the 2 things he said before that weren't important to him. The scholes model (heard of it) and the math behind the greeks (still working on that one). Really lets you know where you stand among your peers in comprehension.

No slide show?

Puts on the sound guy

I didn't get it. Why make a portfolio flat? Isn't there a way to make a pure vol play if that's what you want to do? Otherwise if you want to make it flat, and willing to overlook tax implications, just close all positions. Ah, "flat" in terms of a single underlying, eg delta neutral in terms of SPY. Not delta neutral for all deltas

I wish this sound wasn’t so messed up :/

show the screen

what is val ARP ?

Whoever produced this must be in 3rd grade. What a shame.

What if I one is a monster genius and can predict the future?

He has been short ES since 1500. Makes money from creation, not trading results.

is he saying VolR around 15min? I can't make out what exactly he's pronouncing.

How much worse would the original mic have done?

Go ahead sell puts on futures. The first crash next year or 2 years from now you’ll blow up your account and owe the broker money. You’ll get margin called long before put goes itm from iv expansion. Very dangerous to do this. Ask Karen the super trader about blowing up account without your puts even close to the money.

All of this only works on the subset of corporations that increase quarterly profits. Once consumer spending slows down, once corporations go out of business, trading is irrelevant. This guy runs a brokerage firm and his main job is to get people on his platform to trade options, where he makes commission. Good luck trading in a market where your competitors are computers and quants.

The person in charge of the sound should take a minute to think about life choices.

Get new micro 🎤 phone

The robust shorts seasonally pedal because rose presumably smoke below a quack stock. questionable, lackadaisical tie

VERY CRAPPY AUDIO TASTYTRADE

Why he's wearing hat all the time?

Terrible trader, but entertaining none the less

whats with the goofy hat he always wears

39 minutes talking not even 1 chart? wth

What in the absolute fuck is this? How does this happen in this day and age where a man goes on stage with a faulty microphone. Unfucking forgivable.

Two thumbs down 👎🏻👎🏻, content sounds convincing to the untrained ear but holds no merit. The stockmarket doesn't operate on any of this information because the stockmarket is controlled by individuals and data points are just explanations of past & present actions of said individuals. Like Tom the speaker said and should have taken heed, the stockmarket doesn't care what you think you know. 😎

I HATE THIS

this guy is an intellectual and rich but looks like a truck driver.