Trading Titans Podcast Episode 5: Volmagedom Lessons from the Crash !!

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[davecirelli]

Uncle Tony, I love you BUT I think you are being way too kind here, I think many of his customers got killed that day and I heard his loss was $180k on a $500k account, that's 36% in losses! One day! I think traders really do need a BSH and to reduce size and instead of naked PUTS, make a really wide spread and forget about the debit spread portion of that trade.

[nicksmith]

Please keep letting us sit in on your conversations! Gold! Thank you!

[josebalius]

This is gold. Thank you both for sharing this conversation.

[johto]

"Some people slep it" LOL Good point on that one.😂

[gobele]

I was waiting for this you guys perspective very important

[toddtraut]

The VOL event only affected my XL112 that I was following Tom on. Since then, I am back to starting stack. Anyone that lost their whole account following Tom, was not trading like Tom was. They can not blame him. I am going to stick with the LT112s. They are winners. Currently, Tom is experimenting with BSHs and PMCCs. I use those sparingly as Spec trades already.

[zeetrader-com]

Buying hedges at peak volatility is a little too late

[johto]

Good stuff. Have great weekend you both ! 👍

[ACR]

Like many, my accounts got crushed that day. I found that the naked puts in ES with longer DTE were affected more heavily by the volatility spike. I also had way too many units on. I thought I was untouchable after being up 30% by August.

[ACR]

46:00 Tom, I think I speak for many viewers in that I would love to hear more about this butterfly hedge strategy, and other hedging strategies because now I am fearful of volatility more than strike price.

[millenialmusings]

Selling options is like collecting pennies in front of a steam roller. Sonner or later youre gonna get crushed. It's not a question of if but when. They say that option sellers eat like birds and $hit like elephants 🤣. My two cents - if you want growth - go for swing trading or buy and hold. If you want income, go for dividend stocks or REITs.

[davidsykes]

Tom says to Tony that he’s fine rolling SPY as long as it takes in his PM account, but doesn’t roll futures (in his SPAN account). What about futures makes them undesirable for rolling?

[edaison]

Hello uncle Tony. I'm interested in learning more about how you use UVXY.

Do you have any videos regarding that?

[GregSJesus]

With Tony’s black shirt this starts to look a little like a confessional booth.

[yteiooba]

I learned a lot from you guys. Unfortunately, i think Tom's putting and playing with too many different trades. I really liked your 1-2-0 Tony. But selling only what you can get assigned need a decent amount of capital so i just gave up selling options. Good luck with the coming months!

[otisshaw]

Have the proper hedge on, I’m loading up my vix hedge 120 days out that options alpha teaches

[garyqlau]

Tony, please can you talk more about your SVXY strategy

[truthwillalwaysprevail]

Tom trades Future while Tony is Trading SPX, SPY. Two different trading instruments. Key thing is when market goes against you what do you do to minimize the losses? Because when Sh*t hit the fan and panic settle in all strategies goes out the door because you have to make decisions in split sec.

[vitalsign]

Tom is a joke. People brought this up as a risk many times and he thought it was silly to worry about it. Hated to talk about hedging. I don’t believe he really understands how volatility works. Now he’s adopting a BSH that he thought was silly a few weeks ago. People on his Discord group lost a lot of money. Some lost their whole account following his advice. He is making a fortune pushing this nonsense trading plan. Tom is the shiny object for his members. Now he’s pushing PMCC on equities.

[jimgior]

Tom: Govt spening is out of control Also Tom I don't care who wins the election.