Australian (ASX) Stock Market Forum

How many TastyTraders here in Australia?

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I didnt even mention the 2 hours a day of content on futures and futures trading. That is every single day, also with the option of ringing up and asking questions OR sending in questions to be read on air or maybe just emailing their support team.

The people on there are trading their own money every day and will not only share their trades with you but will also give you the reasoning why in laymen terms and back it up with their reasoning or research.

Hence why I am a fan.
 
I have been studying/using the TT system for about 6 months now and have done well with it. It really has changed the way I look at trading options.

There are hundreds of TT videos - covering dozens of subjects on YouTube. Just use YouTube Downloader to permanently save them to your hard drive.

Many years ago I had an account with ToS before the rules were changed for foreign accounts. It was a great platform to trade on and from what I have seen of the new Tasty Works platform it has only got better.

Early in January I registered for a new Tasty Works account. Just a couple of hours ago I received an email inviting me to go ahead and open the account. It will be interesting to see what happens when they figure out I'm from Australia.

I'll post again in a couple of days and let everyone know if it worked.
 
Recieved an answer back from TastyWorks


On Wed, Feb 15, 2017 at 1:29 AM, tastyworks | Support Team <support@tastyworks.com> wrote:

Hi David,

Thanks for your interest in tastyworks.

Unfortunately, we are not opening accounts in Australia yet. I can put your name and email address on our International list and when we are in a position to open accounts in Australia, we will notify you.

If you need any further help, please do not hesitate to contact us.
 
Virge666...I don't know why are you so up tight about it .. 1) with futures pair trades I was hoping the presentation will go more in to exact strategy rather than just talk about margin.. 2) reg them trading own money...if they are so good why not have a managed fund or a CTA service that way it all will be in open and scrutinized warts and all! I am not calling it a scam .. it is just that they fluff around many times.. any way
 
Trader Duck said:
Recieved an answer back from TastyWorks


On Wed, Feb 15, 2017 at 1:29 AM, tastyworks | Support Team <support@tastyworks.com> wrote:

Hi David,

Thanks for your interest in tastyworks.

Unfortunately, we are not opening accounts in Australia yet. I can put your name and email address on our International list and when we are in a position to open accounts in Australia, we will notify you.

If you need any further help, please do not hesitate to contact us.
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PM me - we have a way around this.

We will be on Tasty works before the end of the month !
 
mjim said:
Virge666...I don't know why are you so up tight about it .. 1) with futures pair trades I was hoping the presentation will go more in to exact strategy rather than just talk about margin.. 2) reg them trading own money...if they are so good why not have a managed fund or a CTA service that way it all will be in open and scrutinized warts and all! I am not calling it a scam .. it is just that they fluff around many times.. any way
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Not uptight dude, just amazed at people on Stock market forums who will fall for the most basic of scams but when something comes along that is actually above board that is free, full of good information and will save you money trading, you all just dont put any real effort into it and just make up **** to suit your opinions.

If you want more about Pairs trading - the futures boys did 2 weeks, that would be about 20 hours of info on pairs trading including correlation, how to set it up, profit targets and even showed you 5 different pair trades including gold, oil, RUT and SPX, brent and WTI, etc. All you had to do was put a little bit of effort in and maybe even use the search bar.

as for trading their own money, if you looked a little more, you would see that they had a couple of funds that they ran for a long time and they managed to scrape a few coins together. You would also see that there trading accounts are available through Bob the trader with 100% transparency.

Without getting biblical about reaping and sowing, maybe just a little more digging next time.
 
Virge666 said:
PM me - we have a way around this.

We will be on Tasty works before the end of the month !
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Hi there,
Only an infrequent visitor here so I'm not sure how to PM you - I am keen to find out more as I have struggled to find much for Aussie option traders online in terms of software. Appreciate any info you have.

Cheers
 
aza2k said:
Hi there,
Only an infrequent visitor here so I'm not sure how to PM you - I am keen to find out more as I have struggled to find much for Aussie option traders online in terms of software. Appreciate any info you have.

Cheers
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Ive sent you a message aza2K!! Have a look at your inbox :) Thanks for reaching out.
 
Virge666 said:
I think it was the other way around. The TT boys were advocating the use of strangles and straddles and trading around them. Karen was their poster child for a while. She DEFINATLEY was not the catalyst for the research.

I lost interest in TT around that time, I watched it because I was a big fan of the TOS platform, but yeah, i found Sheridan more my speed and style. Dan Kaufmann was a great tutor too.

BUT, $1 a contract and free to close trades is the big news here. Not to mention decent software which is not available anywhere in Australia right now. I cannot find anything even remotely useful as an options trader for use in Australia. It all sux.
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Correct. Any reasonable USA broker with a good platform is good for Australian traders. TT are dedicated to individual options traders for a VERY long time. Tom developed ThinkOrSwim to what it became. I for one hope they get past ASIC even if I just use it as a backup.
 
In course of my search, I landed in this thread. Tastytrade, without doubt, is one of the best source of information and education on options out there in the internet. But it is always recommended to come up with your own strategy for several reasons, one of them being, their own mechanical best testing results showed a much inferior result with what they have been teaching compared to what some other traders came up with.
Among the options brokers available for Australian traders, I found OptionsExpress to be the best as none others are taking Australian customers. I had an account with ThinkorSwim, I still have it but can't trade as they declined to accept fund! Tastyworks is not open to Australian customers as yet. OptionsExpress is OK, not the best in terms of the trading tools, but they got better with much reduced commission last month and some basic tools, good enough for me.
Wondering if there is any Australian options broker who offer any better tools compared to any of these American brokers? I don't trade AU options though, but keen to find out.
Thanks,
Sid
 
Siddhartha said:
Wondering if there is any Australian options broker who offer any better tools compared to any of these American brokers? I don't trade AU options though, but keen to find out.
Thanks,
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Most of the Option traders I know, use Interactive Brokers or TradeStation...but there are some that do use OptionXpress. Personally, I trade E*Trade (US not ANZ's!!) and I have a nice negotiated comm structure.

However, what I really want is a good trading platform, like TOS or Tastyworks, neither of which are available to us, here in Australia.
 
Warriortrader said:
Most of the Option traders I know, use Interactive Brokers or TradeStation...but there are some that do use OptionXpress. Personally, I trade E*Trade (US not ANZ's!!) and I have a nice negotiated comm structure.

However, what I really want is a good trading platform, like TOS or Tastyworks, neither of which are available to us, here in Australia.
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I had heard one way of getting around that is to open a LLC in USA, not sure if they will accept that.. try asking them
 
mjim said:
I had heard one way of getting around that is to open a LLC in USA, not sure if they will accept that.. try asking them
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Yes, this is true. But they haven't opened Corporate accounts either. Unfortunately, they have over committed and been extremely optimistic about release dates. Given the massive lag, I am assuming that they just don't have the personnel to deliver proper timelines.

But thanks all the same. We are investigating that option....
 
Warriortrader said:
Hi,

As you may have heard, Tastytrade launched their own brokerage on the 3rd of January, 2017, called Tastyworks.

Unfortunately, Tastyworks is not available to Tastytraders to use here in Australia, because the Clearing agent that Tastytrade uses, do not have a local presence here. Funnily enough, that is the exact same situation in Canada, too.

I was wondering if tasty traders who might be on this forum would be keen to join me to make a case for us. It could be possible, but we need the numbers.

So if you are a tastytrader (well, follow the philosophy and trade through any broker) and keen on a tasty works account (tastyworks. com) drop me a personal message or feel free to respond on here.

Thanks in advance
WT
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Yes, very keen to open a Tastyworks account as soon as they are available in Australia. I'm a Tastytrader for past 4 years, great people, great content and its all free. Currently using IB as broker :)
 
Virge666 said:
I dead set love everybodys skepticism on here. but you need to come from at least some tiny bit of experience to be an educated skeptic.

I cant believe you have guys on here falling for the most basic of scams like paying $5K to manage a 20K account, but when something comes along that is FREE, from experienced traders trying to stick it to US banks with their own money and not charging you a cent nor trying to sell you anything... you get all on your high horse without the smallest of research.

1. it is a talk show, there is a lot of banter -they have to fill 6 plus hours a day of content, it would be boring as batshit if there was no banter.
2. They use ALL their own money and they publish ALL their trades and profits in the public domain. You can see the actual trades being placed live and you can also see them on the platform. ALL OF WHICH IS FREE.
3. The video you watch is about margin - yawn. Pick something good like the top dogs segment and managing straddles and strangles. Watch the Rachel series on Where do i start. Again ALL FREE.

Dude, do some research, more than 7 minutes worth and work out for yourself if it suits your trading personality. I have been doing this for over a decade and i make money doing it. Not massive amounts, but easily 4 times what the benchmark is each year and i do it without looking at a screen all day.

Again may not be your style, you may want to sell futures and go direction based on Tech signals, if that is the case - then this is not for you. This is maths based trading, nothing more and nothing less.

But the question i put to you - is how does tastyworks makes money, that is what you need to find out to see if it is a scam. It is what you should ask anyone who wishes to sell you something in this sector.

PEACE :)
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TastyTrade is a great show for the self directed investor to educate themselves in option trading and even futures trading. So many people get ripped off by sleazy salesmen that have little clue in this area. The mainstream financial system is a total rip off, banks (predatory capitalist’s), fund managers (predatory capitalist’s), even so called industry superannuation funds, even CommSec is so expensive if you try to trade stocks (why would you)....all have no idea other than collecting fees. Learn how to trade and use capital most efficiently from these guys they are excellent. A quote from the 4 horsemen documentary: To really understand something is to be liberated from it. Dedicating one-self to a great cause, taking responsibility and gaining self-knowledge is control and the essence of being human. A predatory capitalist’s truest enemy and humanities greatest ally is the self-educated individual who has read, understood, delays their gratification and walks around with their eyes wide open.
 
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