Rising Stars

Meet Rod, tastylive's Newest Rising Star!

| Aug 4, 2016
Up Next
    Rising Stars

    Meet Rod, tastylive's Newest Rising Star!

    Aug 4, 2016

    Rod T. sits down with Tom and Tony to discuss his journey and how tastylive helped to right his trading ship after it hit some rough seas. He makes his living now as a trader which affords him more time to spend with his family.

    The interview began with a discussion of our Rising Star’s background. Rod was an Army Brat who lived in such places as Germany, California and Alaska growing up. He joined the Navy after high school. When He left the Navy, Rod went to College and then joined the Army National Guard and Army Reserves. His military career spanned 35 years.

    Rod began trading on and off in the early 1980s. He became much more active in 2005. He found Investools which led him to thinkorswim where he learned about Tom. His go to strategy is to sell option premium using Strangles in the SPX. Overall he has experienced incredible success and in his main account has been up about 3% per month and 50% per year on average since 2007. He has been successful in his 401K but less so because of the restrictions there. His personal trading rules are keeping things simple, staying on focus and minimizing expenses.

    He found tastylive after a trading debacle in August of 2015 in which he took a big hit as the SPX sold off more than 200 points in 3 trading days. Rod learned from this the importance of not getting too extended on his margin and to try to keep his Deltas and size smaller. Using studies from Market Measures and other shows on tastylive he was able to resume his path of trading success. Managing winners, avoiding holding trades into expiration because of the Gamma risk and rolling in-the-money (ITM) options to extend duration, were some of the tastylive tenets that have helped Rod in his trading.

    Watch this segment of “Rising Stars” with Tom Sosnoff, Tony Battista and our Rising Star Rod T. to hear some of the details of his successful trading journey and how tastylive has helped him.

    This video and its content are provided solely by tastylive, Inc. (“tastylive”) and are for informational and educational purposes only. tastylive was previously known as tastytrade, Inc. (“tastytrade”). This video and its content were created prior to the legal name change of tastylive. As a result, this video may reference tastytrade, its prior legal name.

    More like this

    tastylive content is created, produced, and provided solely by tastylive, Inc. (“tastylive”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. tastylive is not in the business of transacting securities trades, nor does it direct client commodity accounts or give commodity trading advice tailored to any particular client’s situation or investment objectives. Supporting documentation for any claims (including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.  Options, futures, and futures options are not suitable for all investors.  Prior to trading securities, options, futures, or futures options, please read the applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange-Traded Options Risk Disclosure found on tastytrade.com/disclosures.

    tastytrade, Inc. ("tastytrade”) is a registered broker-dealer and member of FINRA, NFA, and SIPC. tastytrade was previously known as tastyworks, Inc. (“tastyworks”). tastytrade offers self-directed brokerage accounts to its customers. tastytrade does not give financial or trading advice, nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of tastytrade’s systems, services or products. tastytrade is a wholly-owned subsidiary of tastylive, Inc.

    tastytrade has entered into a Marketing Agreement with tastylive (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade. tastytrade and Marketing Agent are separate entities with their own products and services. tastylive is the parent company of tastytrade.

    tastycrypto is provided solely by tasty Software Solutions, LLC. tasty Software Solutions, LLC is a separate but affiliate company of tastylive, Inc. Neither tastylive nor any of its affiliates are responsible for the products or services provided by tasty Software Solutions, LLC. Cryptocurrency trading is not suitable for all investors due to the number of risks involved. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero.

    © copyright 2013 - 2024 tastylive, Inc. All Rights Reserved.  Applicable portions of the Terms of Use on tastylive.com apply.  Reproduction, adaptation, distribution, public display, exhibition for profit, or storage in any electronic storage media in whole or in part is prohibited under penalty of law, provided that you may download tastylive’s podcasts as necessary to view for personal use. tastylive was previously known as tastytrade, Inc. tastylive is a trademark/servicemark owned by tastylive, Inc.