BestStockStrategy.com Review David Jaffee review. hey I want to give you guys an update on this account in tasty works right now up
almost 100% on the year and it is Saturday October 12 I'm actually in
Tbilisi Georgia so as a result you might hear some noises I know that I should
recording this in the bathroom that's why it's echoing because I'm staying in
a relatively large apartment but not as large as the one that I usually stay out
when I'm in the United States but in any case so I want to give you guys a just a
deep dive so that you can see everything that I'm saying right now we're up 52
over $5,200 in that liquidation value of this account is around ten thousand four
hundred and sixty eight dollars as a result this account is up I don't know
like 98 99 percent once the existing positions expire them we will be up over
100 percent for the year as I said previously it is October 12 I'm
expecting this account because when you trade options you make money with time
so we get paid for our time we act like a casino we act like an insurance
company so as the casino are we going to make money on every single gambler that
comes into our casino no we're not but we will make money on the majority of
them and even those even those gamblers that we don't profit from immediately as
long as they consistently come into the casino and as long as they consistently
come in and play then we will eventually make money on them because there is
simply probability it is a numbers game where if you are disciplined if you are
patient then it is only a matter of time before you start becoming a consistently
profitable trader no other trading system and no other trading strategy can
simply tell you or no other trading strategy can make you consistently
profitable trader if you day trade you are going to lose money it is a
statistical fact and one that I will show you you know with some of the
research but additionally if you buy options you are going to
whose money you are guaranteed to lose money but in any case so let me show you
these results so we're up $5,200 we're up around 98 99 % almost 100% on the
year even though there's a few months remaining in the year we'll probably be
up around 120 percent in this account our existing positions we have Disney we
have so we have a strike of 126 and then also we have so I have actually two
positions once bright and one naked position that are expiring on October
25th then we have a paypal position this one expired yesterday even though it
hasn't yet been removed from the account and then we have a new position that's
expiring with the strike price of $97 then we have UNH I think that that
expired yesterday and it just simply hasn't been removed from the account yes
that's accurate I was trading a spread with a strike price of 215 so yeah if
you want to go and look at the history you'll see that on a year-to-date basis
okay so here here are some of the major takeaways here the net liquidation value
on this account is around ten thousand five hundred dollars at this specific
moment I don't have that many positions open I have one spread one naked
position and I have one one one more spread so I only have pretty much three
positions I have two spreads and one naked position because remember this UNH
position expired yesterday and then this PayPal position this ninety eight and a
half strike price this expired yes here's why it says negative one so I
have one spread on PayPal I'm gonna have one spread on Disney and one naked
position you do not have to trade often in order to be a successful profitable
trader you don't have to trade often to be consistently profitable actually the
more you trade the more money you are going to lose if you trade often you are
going to find yourself entering suboptimal positions that are going to
cause you to lose money if you want to look at the history on a year-to-date
basis I have not lost money on any trades
all of the treat of these trades are profitable now in my larger account
I do have an existing TLT position which has which is losing money I think the
strike on the TLT position is around 132 or 133 dollars that is the only position
this entire year that has caused me to lose money and in my larger prison in my
larger account I'm not up a hundred percent I'm up around 45% this year so
in the smaller account I'm up around 100 percent in the larger economy up around
45% simply because I just don't trade as large in the in the larger account I
leave a lot more money in available buying power so in the smaller account
you can see that from unavailable my power perspective I have around 3700
that's around you know that's around 35% or around 35% of buying power in the
larger account which has millions of dollars and then I have over or say
around fifty or sixty percent of available buying power so regarding the
year-to-date you can see that we trade Amazon a TVI which I don't really trade
anymore Boeing DG Disney Facebook Google I have
not made that many trades I'm gonna trade them any underlyings I haven't
traded that many trades and we've made money on every single position the point
here is that if you guys want to learn from one of the best traders in the
world that I highly recommend that you sign up for the trade alerts a lot of
people they think that this is easy this is not easy it requires a substantial
amount of discipline and training it's the same thing when it comes down to
like going to the gym or being healthy or making sure that you operate in
optimal efficiency you can have a coach teach you how to be a successful and
profitable trader or you can do things yourself and fail or if you want to you
can go learn from one of the fake gurus on YouTube we're going to teach you to
buy options or to day trade or to trade penny stocks with 100% certainty all
those guys are scams 100% ask them to log into their account and make sure it
is not a paper trading account make sure it's real money and make sure that they
show you their positions and that you can track everything now at the end this
year I'm going to show you the the trading statement and I'm also going to
show you how it corresponds with all the numbers inside the app as well so at the
end of the year once they see Trey releases the the full 2019 trading
statements I'm going to do a screen recording that is going to show you the
entire trading statement and I'm also going to log into the app and then show
you how all the numbers correspond and how they there they verify itself so
again you know look if you want to try to do things yourself no problem you're
going to be crossing yourself money if you want to learn from one of the best
traders in the world and you want to learn the absolute best strategy where
you're not glued to your your phone you're not glued to the computer screen
you don't have to make tons of adjustments and trade in and trade out
in day trade options and enter a trade only to have the next day have that
position be challenged on the call side or the put side so that you have to roll
and manage that position if you want to reduce your portfolio volatility and
maximize your portfolio games with minimal portfolio volatility then I
highly recommend that you become a member of BestStockStrategy.com again
if you want to learn from one of the world's best traders
then I highly recommend that you join BestStockStrategy.com if you join
anyone else you are cheating yourself if you try to learn by yourself you are
cheating yourself if you wait and you think that now is not the best time then
you are cheating yourself because we make money with time around two
three months ago I published a video that showed that we were up 75% in this
account now we're up almost 100% in this account and by the end of the year we'll
probably be up around 120 percent you can also feel free to send this video to
some to Tom Sosnoff from tastyworks and tastytrade because I really don't understand how
the bullshit that they tell their their viewers and their followers that they
have to trade small and trade often and engage in and have like 30 or 40
underlyings and things like that I mean to me that just doesn't even make sense
why someone with even a multi-million dollar account would have positions on
like 70 or 80 underlines and why they would only and also it completely
doesn't make sense to me how what AC works he they built up their entire
brand by selling option premium with hat which has both a theta and the
volatility component and then Tom is a huge proponent of day trading futures he
calls it what is a scalping so tom is a huge proponent of scalping futures
futures do not have a theta nor do they have a volatility component so he's
essentially encouraging his followers to day trade future options yet the reality
is that he made his money by building up tasty works and by building up
thinkorswim and by encouraging and teaching people about selling option
premium so it just completely boggles my mind how he can tell people that they
should day trade futures when in when everyone's gonna lose money by doing
that trading so here's a recent study so day trading for a living this was put
out in August 2000 nineteen the abstract is we show that is virtually impossible
for an individual to day trade for a living contrary to what course providers
claim we observe all individuals who begin to day trade between 2013 2015 you
can see that even those who are successful
only 0.4% are more than a bart learn more than a bank teller and the top
individual earned only 310 dollars per day with great standard deviation and
the weird thing is that these numbers are actually over stated let me see
okay similar so they compared it to casino roulette see says it right here
casino roulette with a proportion of successful players also monotonically
decreases with the number of rounds played so pretty much you're guaranteed
to lose money and the weird thing is there's no educational component that
goes along with day trading the more money the more times you play and the
more money you spend on these BS educational products the more money
you're gonna lose now as I said before this reported performance is likely
better than actual day trader performance is likely to be overstated
for two reasons first we do not consider income taxes and other relevant expenses
such as the cost of trading platforms and the courses so they don't even take
into account the Commission's second which is just it's astronomical just
goes to show that when you don't fight they're not even let me see you suit
actually are they not factoring in commissions that would be strange if
they're not because I'm very surprised yeah it doesn't look like it that that's
amazing Wow because as a day trader you are usually incurring very high
commissions so if you're not incurring any commissions then usually these
people are spending thousands of dollars a year on Commission's on fees on data
feeds etc so let me go back to that so they're not they're not taking to count
the costs of trading platforms and the courses so they're not taking into
account the Commission's the cost of the training platforms second we only
consider days in which the individual purchases and sells many pavetta
contracts in exactly the same quality quantity for example we do not consider
a day in which an individual purchases 10 contracts and sells 5 and accordingly
to linen EEMA retail day traders are reluctant to close losing trades due to
the disposition effect because of these two factors retail day traders actual
performance is likely to be even worse the fact is that your chances of being a
day trader a penny stock trader buying options or anything like that are close
to zero those people on YouTube who claim to make money by day trading
they're either lying to you or they're front-running their subscribers and you
are going to lose all your money the peculiar pattern is contrary to what
self selection individuals who persist in the activity are generally those with
better performance and learning by doing we suggest yeah pretty much there's no
educational or learning component so the average loses fifty dollars a day the
best earn 300 dollars a day with great volatility but as I said these numbers
are overstated substantially and in my in my opinion I think it's only a matter
of time where it's just a rounding effect where with enough time every
single day trader will lose money the final remarks is virtually impossible
for an individual to day trade for a living contrary to what brokers
specialists and course providers often claim and as I said before there is no
educational component where those who were found to purchase courses and to
persist in their training and day trading actually lost more money again
additionally we find no evidence of learning by day trading Assessor right
here right here additionally additionally on the last
line we find no evidence of learning by day training
so again like I said if you guys want to make money and learn from one of the
world's best traders and I highly recommend that you go to best strategy
comm slash memberships and sign up we're up around a hundred percent this year
we're probably gonna end year up around one hundred and twenty percent in my
larger account which has a few million dollars in it actually now it has much
more than that we are up around forty percent on the year if you have
any questions let me know and I'm here to help you