tag:blogger.com,1999:blog-5375291312433129989.post2802966548891952570..comments2023-06-03T05:06:58.216-04:00Comments on The Lazy Trader: tastytrade - an unbiased reviewHenrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-5375291312433129989.post-59505543451958676762015-09-13T10:31:53.831-04:002015-09-13T10:31:53.831-04:00Thanks for your input Trader1962.
Liking somethin...Thanks for your input Trader1962.<br /><br />Liking something, deciding what is good or bad, pretty or ugly is always a subjective call. In my case it is the contrary. I always see other platforms as inferior when compared to TOS and TOS just comes natural to me. Perhaps because it was the first one I studied so I may be biased. I know many traders share my opinion but that being said it is good that you share yours because many others out there may feel just like you. One size does not fit all. Truer words were never spoken.<br /><br />Thanks for sharing your experiences.<br />LT<br /><br /><br /><br />The Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-37849895092523767262015-09-12T23:54:32.527-04:002015-09-12T23:54:32.527-04:00I'm late to discover this thread, but just wan...I'm late to discover this thread, but just wanted to say how much I appreciate finding a group of respectful, dignified people. Most of the Internet, sadly, exposes the genuinely malevolent, vicious underbelly of human nature. Glad to see that's not the case here.<br /><br />I agree with virtually every observation in the original post and comments, except the one from Lazy Trader that "TOS is so easy, so free of clutter, so intuitive ". I opened a ToS account about five months ago, and my experience is 180 degrees the opposite. I have used many a platform in my day, and was eager to get on ToS b/c of all the positive buzz and near-universal praise it receives. Well, all I can say is, for me, it has been a colossal disappointment. I find it extremely difficult, non-intuitive, difficult to read (literally - fonts even at maximum zoom are incredibly small), and painful to navigate. I even scheduled a help session with a ToS Tech one day, with a list of questions prepared for "how do you do this, how do you do that", etc., and at one point, the tech said, "You know, I don't think I've used the word 'can't' so many times in a call before". Apparently I'm asking questions others aren't. <br /><br />That said, trading platforms are like just about anything in life: One size does NOT fit all. ToS most certainly doesn't fit me. In fact, my tiny Roth IRA account that I opened on ToS has sat dormant for about a month now, so incredibly frustrated was I with trying to learn and use it. I've been trading my other accounts on other platforms, and have yet to decide whether to transfer my ToS account to one of my other accounts or not. I'm certainly open to suggestions.<br /><br />Thanks again, all, for a respectful forum that (so far) is thankfully absent the usual trolls.<br /><br />Trader1962Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-3643123510941465562015-08-01T14:22:45.958-04:002015-08-01T14:22:45.958-04:00best review :) couldnt agree more..
"trade s...best review :) couldnt agree more..<br /><br />"trade small trade often" at first i thought it was the dough slogan.. (lol, forgive me tom)<br /><br />while "small" is relatives, i agree to manage capital risk to a certain level<br />but "often" is not a good advice if trader doesnt has a good setup/ trading plan<br />its better to reserve capital for better trades, rather than to trade something everyday<br /><br />also i like to manage my winners AND losers<br />ignoring losers because they have a chance to be profitable someday is not a good plan<br />tastytrade should have studies for managing losers too (being objective)<br /><br />i am a fan of both tastytrade and thelazytrader (new fan)<br />learn a lot from you guys<br /><br />keep up the good works :DAlberthttps://www.blogger.com/profile/14628152405755620617noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-77074386497416746962015-08-01T12:38:00.003-04:002015-08-01T12:38:00.003-04:00It is indeed a huge conflict of interest and somet...It is indeed a huge conflict of interest and something I forgot to mention in the article.<br />Thanks for your input Kim.<br /><br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-16154055465487033972015-08-01T12:31:13.439-04:002015-08-01T12:31:13.439-04:00I must say that to me, the whole tastytrade/TOS co...I must say that to me, the whole tastytrade/TOS connection is very fishy. <br /><br />Think about it: Tom Sosnoff mantra is “trade small, trade often”. Who benefits from it the most? TOS. But wait - isn't Sosnoff one of the shareholders in TOS?? To me, this is HUGE conflict of interest.Kim Klaimanhttps://steadyoptions.com/noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-87115690273700185262015-03-19T10:57:59.573-04:002015-03-19T10:57:59.573-04:00Thanks Kim.
I do think they might be biased with ...Thanks Kim.<br /><br />I do think they might be biased with some studies. Other studies also have small sample size, which is not ideal.<br /><br />I've been a long time follower of yours.<br />Keep it up.<br />Cheers,<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-23887314193883942322015-03-19T10:41:52.948-04:002015-03-19T10:41:52.948-04:00Good article.
I found that not only tatsytrade di...Good article.<br /><br />I found that not only tatsytrade dismiss all other strategies except for selling premium (usually naked), but they also tend to skew their so called studies to reach conclusions that suit their agenda.<br /><br />Take a look:<br />https://steadyoptions.com/articles/post/general/buying-premium-prior-to-earnings-does-it-work-r89Kim Klaimanhttps://steadyoptions.com/noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-91348403863155654222015-03-15T10:57:02.458-04:002015-03-15T10:57:02.458-04:00Hey Tom,
Glad to have you as a reader and thanks ...Hey Tom,<br /><br />Glad to have you as a reader and thanks for leaving your first comment.<br /><br />As for your RUT trading system, great you found something that works for you. It is a little frustrating to adjust one spread just to see that it wouldn't have been a loser in the end. But it is a necessary evil in order to protect capital. So, I say, keep doing it. Never let price penetrate your short strikes like some people out there.<br /><br />I also think that the TOS platform is the best. I have, for example tried Interactive Brokers like three times but I have given up because I find it complex and unfriendly. TOS is so easy, so free of clutter, so intuitive that I think I will never stop using it, even though I'm aware that I may get better commissions with others.<br /><br />Cheers,<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-24179907693648213942015-03-15T09:00:22.883-04:002015-03-15T09:00:22.883-04:00Hi LT,
I am one of the probably thousands of sile...Hi LT,<br /><br />I am one of the probably thousands of silent readers of your Blog (I've never commented). Today, I would like to say "Hello". I follow your Blog since more than a year and I am really impressed about your diligence and enthusiasm in Trading and maintaining your Blog! <br /><br />I am trading monthly RUT Credit Spreads and Iron Condors since 2013 based on a very simple strategy and had one loosing month so far (I decided to adjust because one leg was close to be ITM at expiration. At the end, it expired OTM ...). In my daily job, I am working in the IT industry. <br /><br />I would like to comment on your review of TastyTrade. I agree with all of your comments. I would just like to add that I am anyway very thankful to TastyTrade's founder Tom Sosnoff for creating ThinkorSwim. I know that it has nothing to do directly with TastyTrade, as he created ToS some time ago, but anyway. ToS is a great tool and I am using it everyday. In particular, it helped me a lot to strengthen my trading strategy by using the backtesting features (ThinkBack). <br /><br />In addition, I am always surprised about how many people are impressed by Karen The Supertrader (as I am, too!). I watched all the interviews on TastyTrade and read what I could find about her. I will probably never follow her approach, but sometimes, I am thinking about it ... :-)<br /><br />Anyway, thanks for your great blog and all the best for your future (I read about your plans, too). And thanks to Jonathan as well, I really appreciate his comments as I appreciate LT's blog entries!<br /><br />Cheers,<br />Tom<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-56226645431266929652015-03-12T07:38:09.469-04:002015-03-12T07:38:09.469-04:00Thanks Aram,
You learned your lessons man. Tough, ...Thanks Aram,<br />You learned your lessons man. Tough, but one way or another it happens to every successful trader. I haven't met single successful that never suffered any pain or significant loss. Pain and losses are our school and for good or bad your initial school was tastyTrade.<br /><br />You look on your way to profitable, sustainable trading mate. Which is great.<br />Nice site by the way.<br /><br />Cheers,<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-40542048371492972412015-03-12T07:35:45.118-04:002015-03-12T07:35:45.118-04:00Thx Andrew. Glad you liked it.
Cheers,
LTThx Andrew. Glad you liked it.<br />Cheers,<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-84452714246764150662015-03-11T07:48:06.454-04:002015-03-11T07:48:06.454-04:00This is well thought out and comprehensive article...This is well thought out and comprehensive article, LT! I could not have said it better! I have learned a wealth of information from Tastytrade, and for that I am extremely grateful. However, that education has come at a huge cost financially. I think the greatest takeaway for any new trader is the following:<br /><br />1. Learn as much as you can from as many reputable sources as you can. There is a lot of garbage on the internet these days and it can be difficult to separate the good from the bad. I would consider sources like Tastytrade.com, optionalpha.com, steadyoptions.com and of course this site (and my own site) to be reputable sources of information where you can learn about trading.<br /><br />2. Do not blindly follow another trader's trades. This is the mistake that I think many people make (I can speak from personal experience), whether it be following the trades on Tastytrade's Bob-the-Trader app or on my own site. Everybody has to learn what trading approach works for them. Just copying another trader's trades without understanding their approach, risk tolerance, account size, etc. is a recipe for disaster. I subscribe to several option trading services and I duplicate very few of their trades. It is a learning platform. I then do my own research and place trades that fit my style, risk tolerance and account size.<br /><br />Thank you for writing this follow-up article, LT. I have been working on a similar article for my blog and now I don't have to spend any more time on it since you have covered all the bases very nicely!<br /><br />Aram Basmadjian<br />www.tradewitharam.com<br /><br />Aram Basmadjianhttps://www.blogger.com/profile/08516116419183884211noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-81378017173236004052015-03-11T06:12:26.395-04:002015-03-11T06:12:26.395-04:00Good read! Thanks!Good read! Thanks!Anonymoushttps://www.blogger.com/profile/13638935634253574623noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-42332491545101951092015-03-10T22:56:32.728-04:002015-03-10T22:56:32.728-04:00Wise points which you have reflected upon in the p...Wise points which you have reflected upon in the past. Thanks for sharing them over here. I agree with all of them.<br /><br />Cheers,<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-83667663228454207312015-03-10T18:23:19.360-04:002015-03-10T18:23:19.360-04:00Thanks for this well written article. I heard abou...Thanks for this well written article. I heard about TastyTrade but was never a fan of this show. I only watched the interviews with Karen the Super Trader. <br /><br />My conclusion from this article is that you have to be very careful putting your trust and faith in any 'guru'. If they don't have a proven track record of success, you have to take their advise with a grain of salt. <br /><br />There are only 4 principles of successful trading:<br /><br />1.) You must have a trading edge. If you don't have a trading edge, you will eventually lose money.<br /><br />2.) You must have risk management. Even if you have the best trading strategy in the world, if you lack risk manage, you will lose money.<br /><br />3.) You must be consistent. This article demonstrates that the folks at TastyTrade don't follow their own studies and do things that are inconsistent with what they preach. If you don't trade in a consistent manner, it is hard for others to follow your advise.<br /><br />4.) You got to keep it simple. Complex strategies are not better than simple strategies. People put too much importance in complex ideas when some of the best trades are so simple to put on.<br /><br />You can follow me on Twitter @lienjonathan where I tweet my high probability credit spread trades in real-time for free. You can like my Facebook page and see all my open and closed trades and track record below.<br /><br />https://www.facebook.com/pages/Create-Monthly-Income-Fund/857243867661638<br /><br />https://docs.google.com/spreadsheets/d/1xpG88wxQeoAKyIik3OKhbxbS3qInINGaa4Boxzp5HEY/edit?usp=sharingJonathanhttps://www.blogger.com/profile/14635010979050643513noreply@blogger.com