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Trade Checklist & Strategy Selection

Dec 9, 2015

Just as every building needs blueprints and a solid foundation to stand the test of time so does a trader and so we provide the checklists and cheat sheets you need to stay in the trading game and give yourself the chance to become a consistently profitable trader. Tom and Tony discuss what you need to know.

Part of the tastylive philosophy is to trade mechanically. The first step, especially in a tastybite sized account ($25K or less), is to have a solid foundation. This segment provides you with the information you need to succeed.

First discussed is what to look for in a market. The importance of liquidity is stressed and how our liquidity indicator, the Dough Liquidity Scorecard, works is explained. Every pilot needs a checklist and we provide one for you for high and low IV environments and a cheat sheet you should keep. A list of possible trade examples in such high IV stocks as XLE, YHOO, EWZ, FCX and P were shown.

A list of strategies to use during low implied volatility was displayed. The list included the strategy, direction, stock price and setup. A list of possible trade examples in such low IV stocks as GLD, MSFT, IBM and TLT were shown.

Watch this segment of “tasty BITES” with Tom Sosnoff and Tony Battista for the takeaways as well as the checklists, cheat sheets and other info you need to give your account a solid foundation.

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.

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