Tastyworks inc

Tastylive content is created, produced, and provided solely by tastylive, Inc. (“tastylive”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. tastylive is not in the business of transacting securities trades, nor does it direct client commodity accounts or give commodity trading advice tailored to any particular client’s situation or investment objectives. Supporting documentation for any claims (including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read the applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange-Traded Options Risk Disclosure found on tastytrade.com/disclosures.tastytrade, Inc. ("tastytrade”) is a registered broker-dealer and member of FINRA, NFA, and SIPC. tastytrade was previously known as tastyworks, Inc. (“tastyworks”). tastytrade offers self-directed brokerage accounts to its customers. tastytrade does not give financial or trading advice, nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating

Recent User Reviews of TastyWorks.com skrochey Singapore, Singapore, Dec 12, 2019, Registered user Just Opened a LIVE account and going thru the platform Service use: Live Length of use: 0-3 Months I came across Tastyworks while attending an Options webinar and was impressed.It comes with free commissions trading in stocks & ETFs. And is a great place to learn from other professional traders who display their trades. You are able to view traders' video presentations and Tom, the owner, trades himself and is seen guiding other traders as to how to manage their positions. A great place to learn from veterans. I have not funded the acct yet and will probably do so when I thoroughly understand it. The only set back now is that there is no demo acct to test out the platform. But the tutorials are thorough. Charting software I think is quite basic as compared to Think or Swim ( TD Ameritrade ). But navigating thru the platform doing trades in Options seems to be more user friendly... josh9787 Melbourne, Australia, Jul 5, 2019, Registered user Simple to use. Great features! Service use: Live Length of use: 0-3 Months Being in australia; options trading in the US markets has been limited.since Aussies can now trade, i instantly joined up. Loads of features that are very handy for option trading.The only downside to tastyworks compared to TOS is the charting features. it lacks a lot of features that would otherwise give a perfect 5 star reviewHopefully it comes, but not the worst if it doesnt.

The image below.Probability of Profit (POP) EntryAdditionally, for those using ThinkorSwim or TastyWorks, the POP is easily identified using the analyze tab in ThinkorSwim or via the order entry dialogue on TastyWorks. Each are shown below. For more information on how to use the ThinkorSwim analyze tab to identify probability of profit please view this post on Bull Call Spreads.Final Steps and Run the SimulationWith that required information the Options Profit Simulator will calculate the results as if that exact trade had been placed 10,000 times and return a cashflow graph as well as the total net P/L for the strategy. Additionally, the simulation will take into account any commission costs. Simply enter that figure into the appropriate box shown below.Options Profit SimulatorRound Trip Commission CostFinally, the results will look similar to the image below. Moreover, prepare to be shocked at the trades you’ve taken and their expectancy over time. At the same time, its interesting to point out, not all high probability trades are good trades.Options Profit Simulator ResultsTrade ManagementFinally, the simulation wouldn’t be complete without adjusting for different management styles. From the results image above you’ll see that in only one management style did this trade prove profitable. Similarly, its almost never advantageous to close a position with a 50% profit while letting losing positions run to a maximum loss.Moreover, managing a position at 75% profit or 50% loss is almost always the most profitable approach.Options Profit Simulator Final thoughtsTo summarize, you’ll need 4 pieces of information and a determination of whether the position is long or short. From there the spreadsheet will do the rest. Thus, you’ll see first hand how the selected strategy would stack up over time. However, should you encounter an error don’t hesitate to reach me in the comments below.Additionally, if you find value in your use of the spreadsheet please do consider subscribing to my youtube channel here to keep up to date with everything happening at OptionBoxer.com.God bless,Jeff