WDIS: Two Yutes - Beginner Options Trading

Backtesting Trade Ideas with lookback

| Aug 6, 2021
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    WDIS: Two Yutes - Beginner Options Trading

    Backtesting Trade Ideas with lookback

    Aug 6, 2021

    The yutes jump on lookback, tastylive’s groundbreaking new FREE backtesting tool, and run a group of trade ideas through it. lookback scans data over the last 15 years to see how your proposed trade (with those specific deltas) would have performed in the past. It provides useful info on each trade including the % win rate of the trade, and the average P/L on that trade when run hundreds of times.

    When Kay wonders why we don’t buy Iron Condors, Tom has the yutes run this idea through lookback. They enter a long DIS Iron Condor and see that its win rate over the last 15 years would have been 32%. They run the same trade, but short it this time. As you might guess, we now see a 68% rate, and that’s without managing early.

    E plays around with the platform and notes that with winning trades, the percentage gets even higher when you select the “manage at 50%” preference. This is why we follow this mechanic at tastylive.

    Watch to see the yutes run more trades through lookback, and sign up to try it yourself! 

    Bonus Lesson: Kay had dreams of shiny, shiny gold and went long a /SPRE contract (the Small Exchange precious metals futures product). She put the trade on a bit arbitrarily and is now down $250. Tom cautions that when you put on a directional futures trade like this, make sure you set the levels where you plan to take the trade off both in your favor, and out.

    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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