Read the initial post. 10% of profit from a trade everyday. 10% of the initial capital invested, every day. In about 15 minutes. Day in, day out. Whoever believes that, has never traded options.
It's possible to Average 10% per day. It's not easy but certainly possible, if someone has understanding of direction, timing, expectations. That's actually somewhat modest with regards to 0 or 1 day to expiration options which can be quite volatile in range.
10% on deployed capital on a option trade, does not mean anything. He will of cause on a consistent basis have vinder as well as lossers. If making 20-100 trades a day. Anyway it is a trade show, an advertisement etc. But some of you guys reading thing out of context. I heard him some years ago speaking about a Tasty Model Portfolio, with portfolio margin. He aimed for out preforming the risk free rate with 7-9% 12-14 % yearly. And claimed that people, that do that raly blowup. *Most people should not trade. The numbers prove that.* If any of his costumer do that, who knows. Is it worth it! I am not his/ Tom s fanboy, but I have no problem with him.
You forgot to include that Mr. Sosnoff claims he can do that within the first 15 minutes of the session. 10% profit of the initial capital invested, every single day, in 15 minutes. Positions realized. Cash in hand. That is the claim. You can add any fancy words around it if you want, but that man is full of shit.
by the dark forces i hereby summons thy almighty @demoncore lord of the options kingdom! so @demoncore is there some kind of higher volatility trick here with hat wearing pillsbury dough boy of options legend? possibly some edge it picked up off the floor?
With all respect I do not interpret it that way. Tom sold 2 futures option and brought them back after 17 minutes. So maybe it is 10% gain on credit received or deployed capital. Who cares! Because there is a qoute in an article does not mean you take it word for word. Tom says qoute/ *This is what we artually do day-in and day-out/* The reader could ask himself, do what! Do trading! Trade the opening! Tom also says qoute/*For us it is always been small trades off the law of large numers, probabilistic outcomes/* So the reader already knows it is a dynamic game, if done right. With a lot of small gains as well as lossers. Tom did not write the article. The sender the jounalist anticipatet, that the reader is smart enoufh to interpret the article. //Forexample// if kbs is plying football and a jounalist make an article that starts. *We were visting SBN football club today, were the football player kbs scoored 6 goals. kbs said qoute /* That what we do day-in and day-out, all year around*/ Ask youself. Do what! Play Football! Do you guys think it means kbs claims he will score 6 goal forever day-in and day-out.!!!!!!!!! It is a trade show, so yes of cause it is to get newcomers into the game. But all broker do that to some extent
" One time during live trading a producer accidentally flashed his full account view on the screen and quickly toggled off once they realized. His account size was ~9 million and he was down ~1.5 mil on the year in 2021 iirc. It was at that moment I stopped following him because it was pretty obvious he’s a salesman before a trader these days. That was just a random snapshot in time but it was pretty wild to be down in a market like that."