Buying Naked Calls

I think that overnight was being sarcastic..

 

He was, but there might be someone reading these threads who doesn't know what a wing is yet

 

He is not entirely wrong.

If the underlying continue to have a 5-10% upside while IV drops, buy more LEAPS calls will benefit his position.

 

#1 the fact Sosnoff allows Karen the SuperFraud to appear as a speaker preaching to their flock shows poor judgement ... which might be ok if she acknowledged the fraud she committed ... and encouraged others not to pursue this approach ... but no way ... as she tells the flock "I have been successful using my approach for over 10 years"

#2 Sosnoff frequently claims the evidence that his approach works is that he has made a living as a trader for the last 30 years ... including the period as a retail trader

 

She doesn't encourage others not to pursue this approach because the likelihood of someone emulating Karens results in notional size and accounting practices is 0.00001%.

Sosnoff isn't just a trader, hes an entrepreneur and has invested in significant investments in the financial industry.. thinkorswim/tastytrade/tastyworks ALONE will feed him forever. He has enough capital to trade forever EVEN if he loses consistently.. but dude cut the guy some slack, look at what the market has done since tastytrade inception around 2012 I think is when they started.... the market is in the longest bull run ever.. and we know Tom is net short premium.. Bonds usually hedge his losses overall but lets see how tastytrade does once the market corrects significantly and no more Vix @ 12.

 

Are you saying
#1 Sosnoff cannot trade a bull market
#2 Sosnoff has been on the wrong side of a bull market for 7 years
#3 Sosnoff has not adapted to market conditions as a decent trader might do

 

Just watch the network. Positive drift at new highs make Tom & Tony croak almost. Then watch the show on a nice down day, its like heaven on Earth the gift from the trading gods.

I'm not saying he can't trade a bull market, I'm saying hes short delta.. that's now the same thing.

 

But that is exactly what you said when you stated "Bonds usually hedge his losses overall ..."

 

Not really.. in fact one could interpret that comment exactly opposite. Bonds aren't as correlated to beta as you think.

 

This debate is easily resolved
... provide any evidence that Sosnoff makes a profit from trading

Otherwise we can assume without evidence that ... to quote you ... "He has enough capital to trade forever EVEN if he loses consistently"