Where Do I Start on Tasty Trade - Closed Out Some Winning and Some Boring Positions

WATCH THE SHOW: https://www.tastytrade.com/tt/shows/wdis-top-dogs/episodes/closing-positions-rebalancing-a-portfolio-06-15-2018

WATCH THE TAKEAWAYS https://twitter.com/twitter/statuses/1007689528692363264

Tastyworks Session 3

WATCH THE SHOW HERE: 

https://www.tastytrade.com/tt/shows/wdis-top-dogs/episodes/wdis-top-dogs-getting-familiar-with-the-platform-05-25-2018?utm_campaign=archive&utm_medium=link&utm_source=social-share

Tom and Howard jump into the tastyworks platform for the first time!

They first walk through the basic account settings and set up order routing defaults. After that, they take Howard's list of fifteen stocks he selected to be long, short, or neutral, and add them to his own custom watchlist. The stocks include; AAPL, CRM, SPOT, DOCU, NFLX, DIS, AMZN, SFIX, GOOGL, DBX, XOM, T, FB, CMCSA, and SBUX.

After completing the watchlist the dynamic duo head to the trade-page to walk through how to place a buy or sell order for 100 shares of stock.

Next week Tom and Howard plan to start building the portfolio.

TULLMAN'S TAKEAWAYS

Session Two - Kaplan Institute Exec Director Howard Tullman Learning Options Trading from Tom Sosnoff

WATCH THE SHOW HERE: https://www.tastytrade.com/tt/shows/wdis-top-dogs/episodes/wdis-top-dogs-building-a-portfolio-part-1-05-21-2018

Howard comes to the table with his homework from last week - picking 15 stocks to build his portfolio around, selecting ten stocks on the long side and 3 stock on the short side. The longs include: AMZN, SPOT, CRM, AAPL, and GOOGL among others. On the short side, he is interested in FB, CMCSA, and SBUX. From the neutral side he selects XOM and T.

Tom then explains the basics of correlation and beta to show how Howard’s basket of stocks would perform if the overall market went up or down. Since some of these stocks are high priced, Tom suggests using options on AMZN and GOOGL to simulate the same exposure while using much less capital.

Friday they will start building their watchlist and place a couple of trades in these underlyings.

AFTER THE SHOW - Tullman's Takeaways