People who have hobbies can be very passionate about them. When it comes to stock market trading, it’s a hobby that many people find intriguing. Trading can be fun and exhilarating, and there’s the added prospect of making money. Some serious traders have succeeded in making a living at trading, but not without putting in many hours of study and gaining much experience, as is true of any career.
Options trading is currently more popular than ever with amateur traders, because trades can be done with less capital and with less risk than simply buying stocks. However, trading options without sufficient knowledge and education can quickly empty trading accounts! That’s where TastyTrade comes in, so keep reading our TastyTrade review to learn more.
What is TastyTrade?
Coming to the rescue of newbie option traders is the Internet network TastyTrade.com.
Think of TastyTrade options 101 as a place for beginners, as well as a place for those professionals who want to deep dive into the mathematics and complex concepts of options trading. Tasty’s daily content covers all aspects of trading options, futures and cryptocurrencies for both “mom and pop” traders and professionals alike.
A Little Bit About TastyTrade’s Founder
Founder Tom Sosnoff is a trailblazer. He was a market maker on the Chicago Board Options Exchange (CBOE) for 20 years. He later was instrumental in developing the popular Think Or Swim trading platform. Eventually, he and his company sold Think Or Swim to TD Ameritrade. Next, Tom had the vision to create an Internet network specifically for options traders. He wanted this channel to be free for everyone and to have many hours of daily education, live trading, commentary and market research.
Taking the name based on the famous Tasty Kake baking company in the Philadelphia area, he called the new network TastyTrade. Bringing together the top talent in the field, he and his team began TastyTrade. Tom hired media professionals who had the know-how to handle video production, and the channel was launched.
TastyTrade also assembled the best minds to form a research team to create a “think tank” that delves into the technical aspects of options concepts.
Tom and his long-time fellow CBOE floor trader Tony Battista host a daily live morning show where they discuss the market, put on live trades, and give tutorial tips for traders. Their back and forth friendly banter gives the show an entertaining twist. Writer and news correspondent Vonetta Logan joins the two, adding a satirical view of the day’s financial news.
During the day, the network has a variety of programs on everything from trading options, futures and cryptocurrency, aimed at both “retail” (amateur) and professional traders. For beginners, shows breakdown the basics of options trading and theoretical trading concepts with practical applications. TastyTrades is the place where you can get inspiration along with free trade ideas.
What is TastyWorks?
Tom and his team has also developed a trading platform, TastyWorks, which is quickly becoming the preferred platform for options traders. From this platform, you can even follow trades made by many of the program personalities and researchers at TastyTrade.
If you’d like to give TastyWorks a try, click HERE, then scroll down and click “Open an Account.” You can open the account for free without funding it, which allows you time to explore the trading platform to see how it works. I love this because you will get a chance to see if the platform is a good fit before you go through the steps of funding an account.
There’s also the option to do all of your research on TastyWorks, but then make your trades on another platform. We really love Robinhood because of its ease of use. We realize that Robinhood isn’t the best place to do your research, so we always encourage new traders to do their research elsewhere, like at TastyWorks, Yahoo! Finance or Finviz.com, and then go back to Robinhood to complete the trade.
If you’d like to give Robinhood a try, sign up using our link and get a Free Stock!
TastyTrade Review: In Conclusion
TastyTrade is not like any other financial news channel, such as CNBC and Bloomberg TV. Tasty makes their content feel more personal, directly involving the viewer. You can even email show hosts.
TastyTrade is a game changer. Average traders now have an educational opportunity like never before. Hundreds of tutorial videos are also available to watch on specific concepts, as well as previously aired programs. Watching the channel daily is like getting a college education in options trading from the best in the business, and all FREE!
Tom wants to pass along his knowledge to the next generation of traders. No one would think that a channel talking about options all day long would be watched by anyone. But TastyTrade has succeeded in creating an educational network that, while addressing serious technical trading concepts, adds a touch of humor along with the excitement of making money. TastyTrade celebrated its 10th anniversary in 2021, and continues to grow and to expand even to other countries.