48 Minutes of Trading Advice You Wish You Knew Yesterday

[@jordioliva8068]

Tom has already left an invaluable legacy to all of us who follow him habitually. Thank you so much, Tom. A big abrazo from Mexico

[@doughfunnels]

This is one of the best options trading presentations I have ever heard. It doesn't matter how experinced you are in trading, everyone should listen to this at least 10 times, until you have understood all the researched concepts and are applying them. Thank you so much Tom for your time and dedication. 😀

[@ElenaMervine]

My day is not complete if i didn't find another Tom's video or interview. Thank you for the wealth of knowledge.

[@samuelfomoadams4612]

Literally one of the best traders ever and he doesn't want a fee to access his course and discord

[@UziOptions]

Tom (TT) has a Discord?

[@hulaghalahg]

0:15 Creating Practical and Actionable Watchlists 6:23 Quick Scan your Individual Greeks and P/L 11:38 Monitor your Overall Account Risk 15:30 Be Mechanical 17:46 Adjusting Your Positions 18:06 The Three R’s - Roll up/down, Recenter, Roll out in time 21:35 Don’t Personalize the Mechanics 24:05 Get Comfortable Being Counterintuitive 26:49 Do the Right Thing 29:19 Closing and Rolling 29:53 Why Close? 31:35 Why Roll? 33:15 Does Trade Duration Matter? 36:03 Is Timing Critical? 38:11 Redeploying Capital 38:30 How Active Should I Be? 41:38 Product Indifference Allows for Diversification 42:42 How Important is Redeployment and Number of Occurrences? 44:26 What are some Reasonable Return Expectations? 47:10 How Scalable is Trading an Active Portfolio?

[@christopher8220]

excellent thanks for the time stamps

[@Bubs0271]

Wow. Pure, unfiltered knowledge. Im saving this and watching it once every two weeks for the rest of my life.

[@mikelong9638]

I need to watch this several more times. Thanks Tom!

[@GregorVDub]

What a beast. Listen up, Tom is dropping knowledge!

[@Will-jx3dk]

Straight to the point info. Great job and content! Exactly what I needed to hear.

[@jerrycampbell-ut9yf]

This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.

[@Peterl4290]

These uncertainties will always be there. Thing is, every once in a while, the market does something so stupid it takes your breath away. If youre not ready for it, you shouldnt be in the market business. or get you a skilled practitioner.

[@larrypaul-cw9nk]

Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors' and hear-says, it got the best of me in the year 2020 and had me holding worthless positions in the market. I had to revamp my entire portfolio through the aid of my financial advisr, before I started seeing any significant results happens in my portfolio. Been using the same advisor since then and I’ve scaled up almost a million within 2 years. Whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.

[@larrypaul-cw9nk]

[@larrypaul-cw9nk]

Before their own emotions get severe, many people downplay the significance of advisors. I needed a boost to keep my firm afloat after a lengthy divorce a few summers ago. I found the most qualified advisor after searching for licensed advisors. She has assisted me in raising my reserve from $275k to $850k in spite of inflation.

[@larrypaul-cw9nk]

[@andrew.z6769]

It’s not being self aware. It’s you. You’re the problem. Fix it. Love this!

[@kellyd2436]

This was eye opening foundational info! Thanks so much for the effort and time spent sharing, sir.

[@joseph_1925]

Just follow these 200 simple rules, also don't overthink it period LOL😅

[@benmaxinm]

40years of experience in 45minutes, it takes 2 years of studying to get a grasp on everything is Tom saying. This is not your usual “buy here and sell here cos I say so” :))

[@pinkmarsh5]

Absolutely loving this segment!!! Awesome refresh/review - and reminder to remain mechanical and consistent ❤Thank you

[@joesjacob]

I have to research all the concepts separately to understand and it may takes months : Thank You Tom

[@econogate]

Thanks! Your video presentations are thorough and I usually learn a few new things or rediscover a few things I had put on the back burner.

[@SteveSam66]

Tom is a Legend!

[@mrbaertek]

We Needed this webinar!!!!

[@supremevision631]

People pay for this level of education

[@CharlieUnplugged]

Good point, I was not thinking about this :)

[@AigarsPil]

Tom's dedication to this informative video is truly appreciated. Thank you, it is very helpful.!

[@mrchrisadams43]

This is the guy that got me into trading 13 years ago.....can't believe he's still doing this

[@m15602]

I will probably watch this once a week

[@richwilkie9522]

I have a question about managing portfolio risk. As you say, starting at video (11:42), managing theta to a range of 0.1% to 0.3% is a solid rubric for assessing risk / reward. It's also titled "Monitoring You Overall Account Risk". My question is how I can apply this guideline to my overall portfolio, only some of which I have direct control over. I have half of my portfolio in brokerage accounts and half in my 401k account. My 401k is entirely in the equities fund (mimicking SPX). Can I use the theta measure and combine the accounts or should I restrict the measure to just my brokerage accounts?

[@AnnPilotFishSwimmingDownstream]

Thank you Tom!! Great video!

[@CrazyTrio-i2l]

Thank you. I think it is important for me and other traders to understand: 1. How many trades should I make per day? For example, if the account is 100 thousand dollars. 2. What does it mean to be an aggressive trader? How many trades per day or per month?

[@stonedbunny5721]

TOS was revolutionary; Tom's advice is the best! - Wayyy better than Jim Craimer

[@dbls03chicago]

New subscriber here, thx for all you and your staff does, fun and informative, proud that you are based out of Chicago!

[@giddelloran3415]

This is a great content lots of valueble info. We appriciate you Tom thank you very much.

[@sciencelabvideosl7558]

THANK YOU TOM!!!

[@BlueCollarOptions]

Is this a serious? This is the type of option education I've been searching for. Amazing.

[@askchrishetrades]

Loving these new videos Tom!!!! Keep em coming

[@Float_Locker]

Great work Tom. Thoroughly enjoyed this

[@idanpl]

Great video. Can you explain or give a link to how you reached the 0.2% theta number? Why not having 1%?

[@Justin-ix2vw]

this was great , thank you

[@loubob21]

Taking notes like I was in Indiana Joneses classroom.

[@chadbantner3012]

What would be a trusted website to review all the vocabulary in this video? I understand some vocab may specific to Tom or his platform. Example; whats your theta? Greeks? Delta (range of change).😊

[@absolutebosscollective8202]

Thanks Tom

[@Aviatorpeck1957]

I just found your channel and you are a beast in trading I have never traded before can I start with 100 bucks?

[@askchrishetrades]

Tom can you explain Implied volatility etc on how it works and how to understand the implied of a stock? Should we be looking for stocks with implied above 80% etc. when does it make sense etc ?

[@loubob21]

Over 50 for individual stocks. Over 25 for indexes. Only sell options on high IV underlings

[@tomse2]

Inspiring 👍 thank you!

[@tillmansr2002]

Tom, a few times you’ve mentioned ‘try not to adjust the tested side’. What is the tested side referring to? Great videos

[@loubob21]

In a strangle it's the side that is losing money. The side where you started at say 20Delta and now its approaching 50Delta

[@tillmansr2002]

@@loubob21 Thanks for the look out. Appreciate it.

[@sandeshdeshkar1424]

Great stuff...I want to apply all this in Indian markets but it is difficult to follow this mechanical approach in Indian markets

[@martinsokol5765]

I doubt Indian option markets have the liquidity to do this

[@escapulatusyudhisthir2143]

Net lick to theta how I adjust that and how I delta positive or negative to mine market assumptions?

[@loubob21]

You can only adjust net liquidity to theta ratio buy adding or removing trades. When you put on a trade make sure your total ratio is between .1% to .3% when you remove a trade you will fall below this and that means you can now enter a new trade.

[@sanjeevkumarzero]

what i seen in practical is theta will not turn actual return based on delta movement. lets say even 50 theta will be reasonable out o 200 theta for an example then due to delta the overall PNL can become red.

[@mechannel7046]

15:00 what should your account theta be

[@loubob21]

.1 to .3% of your Net Liquidity So a 10,000 account between $10 to $30 per day.

[@SylvesterChris-p1g]

Hello, I wish to start investing but i dont know where to begin. Any advice or contact for help?

[@HendricksSaul]

Meeting Gannon Harvey for the first time changed my life. I was struggling to make rent now im looking at houses to buy

[@SylvesterChris-p1g]

Hello please can someone tell me where he can be contacted, I really need to be registered under him

[@SylvesterChris-p1g]

@TheronHammond I would like to be part of this success... immediately. Thanks for the info need to get in touch with Gannon

[@khacdoi1995]

amazing sir :D, thank you a lot

[@gandmemoney]

What is p and l . Also wings

[@scotthenderson4376]

This is new to me but I take it Fidelity ATP is not on your preferred list of platforms

[@Sainter66]

How much option trading knowledge should you develop as an active futures trader if you don’t use options? Do many pro traders use them mutually exclusively, and if not what sort of percentage weight in either do pros use?

[@richwilkie9522]

I think that was one of Tom's fundamental points: that being agnostic (in hist words "indifference") about the individual vehicle (stocks, options, futures, futures options, indexes, etc) is a core tenet of a proper strategy. While they are related (SPY /ES), they have advantages relative to each other. Also, the diversity gained by being fluent in various areas helps by giving us alternatives when things have moved one way or another. (Rewatch starting at 41:37)

[@TyB_23]

@ 13:34

[@charlies8282]

Bravo

[@escapulatusyudhisthir2143]

How to recenter I don't carch that

[@sgm482]

when recentering, by tasty mechanics.... do you only do it for a credit if you can?

[@loubob21]

You don’t recenter an existing trade. You recenter to a new trade on the same underlying if IV is still elevated. You roll up the untested side on an existing. Trade that has moved against you and that is usually when the opposite side has been breached.

[@marinawong9662]

@@loubob21I thought I heard wrong and was waiting for what to do with the tested side until he said this is against intuition. It really is. But they have done a lot of back tests so I trust what he said. I have rolled out and rolled away from the underlying stock price when things don’t look good but I would have never thought about minimizing risk his way.

[@loubob21]

@ I agree. When you roll the tested side you actually increase you potential loss. Very interesting stuff.

[@RudraSutariya-h2i]

pure gold

[@ceciliaferraro6360]

Love

[@aquariusneon]

Thanks Tom, you are Mother Teresa and Buffet combined for F&O traders

[@Mariecardona58]

I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Natalie Brunell for helping me achieve this..

[@GeorgeClifford-x4r]

I'm surprised that you just mentioned and recommended Natalie Brunell, I met her at a conference in 2018 and we have been working together ever since.

[@Denistaillon124]

The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.

[@FriedrichScott]

You trade with Natalie Brunell too? Wow that woman has been a blessing to me and my family.

[@Robertwarren-m4x]

I'm new at this, please how can I reach her?

[@AlanSmith140]

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much.

[@ryolacap]

Wait for big market pullback, which is cyclical and will eventually happen, deploy cash, market recovers sell or stay. Wait till next market pullback back. Average in to solid companies

[@educatedconsumer2053]

I don't mean to be disrespectful, but I understood very little. So, how to proceed to benefit from this?

[@Dhunatmik]

Study.. study... Study... It will take months and years

[@yoshi545825]

This was fantastic. Thank you Tom. Much in this I didn't know.

[@Reksal]

Isn't buying the guts and selling the wings guaranteed to reduce credit?

[@NareshBenita]

Thanks for the forecast! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?

[@BajaPete]

He makes this way too complicated. I just aim for keeping unused capital at 20%.

[@johnnyvegas5681]

Did I just get this for free?

[@LeTigre22]

Lessons learned over 20 years of trading. 1. Big money wants you to believe you can’t do it on your own so they can take your money and charge a fee. 2. The only strategy that matters is the one that works for you. 3. Learn as many strategies and instruments to trade as possible…..it’s like having a tool box full of tools. You need variety because you can’t always trade the same strategy on the same instrument all the time. 3. Learn about commodities vs equities. Commodities tend to move up/down over and over where as equities tend to go up as time goes on or they go bankrupt.

[@Handydude101]

I’m waaay to stupid for this I’m just gonna get up at 4 am and short top gapping shit ~ out by 9:30 am then hit them again around 11am chase down all day out at 4 pm 100% of shit gappers fail almost 100% almost 100% of the time