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Thread: NEW EGG Investing in Options!

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    Default NEW EGG Investing in Options!

    I was a bit torn about if this should go on CC or in the dollar den but Im sticking it here cause I dont think the DD gets a lot of views and this is really an exciting new egg that has NOTHING to do with sex work but ties in really nicely with making extra $$ while working your cam job.

    The website is Tastytrade.com and its full of videos that will teach you about how to start investing your money in the stock market using options and futures. They are also launching a new platform right now that allows you to trade options very very easily. The exciting news is they are saying that this will be available for USA, Canada and Europe! Until now their platform was only available for Americans however the rest of us could use the platform for information we just couldnt directly trade from it. This old platform is at dough.com

    But Im ahead of myself. These websites are built by a guy named Tom Sosnoff and his team. He has been involved in the stock market a very long time and has determined that the old model of just investing in stocks (buy a stock today and hope to sell it for more money in the future) is actually just a gamble of 50/50 and in the long run doesnt really make the most amount of people the most amount of money. He also has determined that most people wont buy stocks but instead want to have a broker invest their money for them in mutual funds and long term saving plans so that they will hopefully have a nest egg by the time they retire. The problem with that model is it isnt really making people money anymore AND you have to pay big fees to the person who invest for you thus losing some of the small savings you earn.

    He wanted a better way and together with his team they determined that you can win at the stock market by trading in options because it will give you a higher percentage to win, although you have to trade frequently and profits are limited and carry unlimited risk. Higher profitability at unlimited risk.


    The Dough platform was designed to allow people to easily and frequently trade options and futures. TD bank bought this platform from Tom for 3/4 of a Billion dollars and it was launched. Now Tom has developed a newer platform and it works through their own brokerage firm (which was designed in tandem with the new platform) that is basically the same as the dough platform, but its sleeker and easier to use.

    I realize this is a lot of info Im writing but heres how it ties in nicely to camming. If you take the time to learn how to trade options imagine this. You can be on cam. Its a slow day and then the stock markets open. You can switch back and forth from the wankers in your chatroom and the dough platform and just keep an eye on your trades. You see that some of your trades have made money so you close them off and you can keep an eye on your futures which are always moving and close them when you have made some money. So instead of just making your camming wage that day you have also made money trading in the stock market. Yesterday I made $667.00 just on closing and re trading options.Also, You can leave that money in your brokerage account and it just adds to your capital so you can make more trades and have more opportunities to make money. Your saving for a rainy day or retirement and your 100% in control of your investments!

    Now the New York stock Exchange (NYSE) is open from 9.30 to 16.00 EST. If you are not camming during those times you can check it and make money while your not camming. Imagine if you make $400.00 before you even log into your cam room, it takes some of the stress off of your day Trading in futures means you can trade 23 hours a day so you can make $$ all day for those of us who cam in the wee hours of the morning take advantage of trading in futures to build your portfolio!

    Your there in front of your computer working already so learning to invest in options is just another way to use that time to make more money! The platform is free. The information on the websites is free. There is nothing to join or pay for its all free to get started. Once you decide to start you have to put $2500.00 into your brokerage account to invest with and you get charged per trade, about $2.00. This is standard cost to get into trading in the stock market. I started out a while ago but I am not American and have had to use the Interactive Brokers, Traders Workstation. for them its $10,000.00 USD minimum to get started and again I have to pay about $2.00 per trade when ever I close.

    Now the new platform hasnt been launched except to clients who are moving over from the TD platform to the new one. Once they are moved I imagine it will be available to all of us. In the meantime you can go to tastytrade.com and click on the learn tab and start watching the videos. They teach you how to buy and sell options using their platform. You can also open a "Think or Swim" account with TD bank that will allow you to "papertrade" meaning you trade with pretend money on a live platform just to teach you how and build your confidence. Now the videos teach you using the old platform but its basically the exact same platform so it still completely relevant. If your still not convinced that this is for you watch the "10 Reasons to Become a Tasty Trader" here https://www.tastytrade.com/tt/shows/...-a-tastytrader or go to trade.dough.com and open an account to watch the videos in the "doughjo", especially the "best of where do I start" videos. Its Tom teaching his own daughter how and why to trade in options.

    I hope this is helpful to some of you. Please check it out because its really very simple once you take the time to learn and understand and its a great way for all of us to invest in ourselves. Good Luck!

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    Default Re: NEW EGG Investing in Options!

    Looks good, thanks for posting.
    I deserve the life i want. To be adored by men, treated like a princess and to be indulged. I deserve nothing but a life of luxury.

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    Veteran Member KALIN's Avatar
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    Default Re: NEW EGG Investing in Options!

    Thanks for sharing this!

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    Default Re: NEW EGG Investing in Options!

    Okay so you just move this without any explanation to me?? I stated why I was posting it in Camming Connections and Not in Dollar Den. I think at the very least you could explain to me why you decided that all my efforts to help cam girls has been thwarted.

    I am very frustrated and hurt right now.

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    Default Re: NEW EGG Investing in Options!

    May be a silly newbie question but can you actually physically take the money out once you've made some or do you need to leave it there. My husband has a forex (??) Account which is like this, he's always on about how much he made, but he never seems to physically put anything from it into his bank?
    "If you want to earn more, learn more" ~ Zig Ziglar




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    Default Re: NEW EGG Investing in Options!

    I responded in the other thread. Its a topic for dollar den and now you can help EVERYONE. Your efforts have not been wasted. Also you can send me a pm as well if you want to discuss it further.

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    Default Re: NEW EGG Investing in Options!

    apologies to PGD. I posted here and then remembered you started a thread about moving posts so I went and wrote there. I wasnt intending to be annoying by bringing it up twice.

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    Default Re: NEW EGG Investing in Options!

    Quote Originally Posted by sexysusie View Post
    May be a silly newbie question but can you actually physically take the money out once you've made some or do you need to leave it there. My husband has a forex (??) Account which is like this, he's always on about how much he made, but he never seems to physically put anything from it into his bank?
    Yes you can. As with all money that you make it will be taxed, meaning you have to claim it as income once you take it out. But if you make $100 bucks and you want to take it out right away then you can!

    I wanted to get involved in FOREX as well and that is how I discovered tastytrade. So Im very familiar. What you husband is doing is leaving the money in his brokerage account and re-investing it. A brokerage account is a bank account that exists to invest your money. When we make money and dont take it out of the brokerage account that means it becomes part of our capital. If you open an account with $2500.00 then your capital is $2500.00 if you make $600.00 more and leave it in there your capital is now $3100. This means you have more money to invest and that means you have more opportunity to make more money!

    So he made the money and he still has it but he isnt taking it out because Ideally you let this money ride as a long term investment. Take it out when you want to retire, buy a house, open a new business etc.

    Have a look at tasty trade with you Husband if he has already got his hands in the pot its probably something he will be interested in.

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    Default Re: NEW EGG Investing in Options!

    Quote Originally Posted by sexysusie View Post
    May be a silly newbie question but can you actually physically take the money out once you've made some or do you need to leave it there. My husband has a forex (??) Account which is like this, he's always on about how much he made, but he never seems to physically put anything from it into his bank?
    That depends. Gains and losses in the market are not realized until you sell the investment. For example, I own a certain stock. On January 26, 2016 it traded at roughly $86/share. Today it closed at $147/share. In theory, I made $61/share over the last twelve months plus dividends at the rate of $4.10 per share for the year. So far, so good. It looks like I made $65 per share for the year. But, I have not sold my shares, so all I realized was the $4.10 per share. And, that's all that I was taxed on for 2016. If I sell my $147 shares, I will be taxed on the gain. That is the selling price less the price I paid to buy the shares and the commissions I paid to buy and sell the shares.

    HTH
    Z

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    Default Re: NEW EGG Investing in Options!

    ^^ While this is true you are talking about stocks and I am talking about options. Unlike Stocks Options expire. The tasty trade system recommends buy stocks that are about 25 to 45 days to expiration so you have only that amount of time to realize profit or loss on every option you sell or buy. This means that for every trade you make your going to realize a loss or gain in the first month or so after trading it. If its a gain then the money is immediately added to your capital so its not like buying a stock at all. If there is a gain of 50% or more (25% on strangles) on your max profit then you close the trade and take the gain.

    With futures you can continue to trade even after it moves and you make a profit you just put the trade back on. This is called scalping and it can be really exciting. So once that trade is closed you make that money. If you want to take it out then yes you can but as with your stock you are taxed on it yearly.

    Additionally you could have sold a call on the stocks you bought and offset some of the cost of purchasing them when the stocks dipped down. Thus making more money. This is the fun part of dividends.

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    God/dess Zofia's Avatar
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    Default Re: NEW EGG Investing in Options!

    ^^^ First, I was replying to Sexysusie. Second, options are only for the most seasoned of investors and should be avoided by all others like a bad case of the flu.

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    Default Re: NEW EGG Investing in Options!

    I am happy that the OP made this post as it is helpful information. However, I agree with Zofia and was going to comment before I read her post- Options AND futures are not for unsavvy or new investors. While you do have to pay a commission to a broker for typical, traditional investments- if you do not know what you are doing, it is worth it. These days, commission have decreased a lot due to things like etrade and Scott trade and those Orange/ ING accounts. There is a reason Wall Street Brokers make money. It is because they are successful in making money for their clients.

    I have a degree in Economics with a minor in finance. I work in finance. I understand futures, FOREX, options and default swaps (which are going to come back, mark my words). My Dad is a day trader and I still do not have the confidence to completely do it on my own. A 3-5, or even 7% brokerage fee is worth it to me if my return is 12-15%.

    That is not to say that one day I won't do it alone or others should not but, like anything else in life- you should weigh the risks vs. reward and if you have to pay someone a small commission to make your money work for you as opposed to risk losing it all, sometimes it makes sense.
    Last edited by Gia2608; 01-28-2017 at 05:49 PM.
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    Default Re: NEW EGG Investing in Options!

    I totally disagree. Last September I had never even heard of options or futures and had never owned a stock or invested a dime. today I trade on them daily and make money!

    The old traditional model of letting someone else invest your money into the stock market is a sham. People dont make money using this old model of slow growth anymore. Investing in stocks on your own means putting up big money to take a 50/50 shot. You might as well go put your money on red or black down at the casino!

    What Im trying to say here is that there is a website and format you can use to start investing in the stock market. Yes there is unlimited risk and limited profit in options but because your chance of making money is better then 50/50 you make money!

    if you have a degree in this and come from a background of investing but you dont trade in options its because your afraid to take risk. Tasty Trade actually addresses this and explains why learning to take risk is the game changer in your entire life!

    I appreciate you wanting for people to be careful but to say that Options and Futures are only for seasoned investors is a lie! I am in no way seasoned and here I am trading. The website is designed to teach you how and make it easy for you. Go check it out. See what they are offering! Dont be scared off thinking you cannot do this, if I can do this anyone can do this!

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    Default Re: NEW EGG Investing in Options!

    Options and futures investing is both extremely expensive and very risky. All it takes is one bad trade or a crazy market day to wipe out any profits you may have achieved. Every so called "system" for investing in options eventually gets firebombed in a bad market. Every single one, often with devastating consequences.

    If you want to know just how expensive options and futures trading really is, look at how much money tasty has made in just a few short years. They now have 50 employees and glitzy new office digs. Guess who is paying for all of that? Options and futures often trade on a net basis, meaning that people who buy and sell them often do not see the real brokerage markups on the trades.

    What tasty is doing is nothing new. For decades there have been slick sales people trying to present their options and futures strategies as the next great way to make money fast. Tasty just happens to be really good at selling it. What has also helped them take this gimmick to a new level is the willingness of TD Ameritrade to allow options trading on really small accounts, which historically couldn't be done without much larger numbers.

    And contrary to some of the assertions above, mutual fund and equity investing can be really cheap nowadays and is a much safer way of positioning for long-term growth. Also, since the inception of the stock market, the average annual return on stocks has been around 10% per year. Most people who get wealthy in the markets do so through long-term investing discipline and the power of compounded returns.

    Below is a blog entry that sums a lot of this up nicely and provides some insight into the actual results of tasty strategies:

    http://johnsville.blogspot.com/2014/...th-skills.html

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    Default Re: NEW EGG Investing in Options!

    Im not sure what you mean by its extremely expensive. If I buy a 100 stocks at 5 dollars each I spend 500 dollars of my capital where as I could buy 100 puts at .50 each on the same stock and Im putting out 50.00 of my capital. That is a hell of a lot cheaper then purchasing stocks!

    What tastyworks is doing is new. Sure people have been trading in options for a very long time but there was never before a platform designed just for trading in options and to use that platform and all the knowledge it provides is 100% free! They do not make a single cent by putting that out there for anyone to use so Im not exactly sure how Im suppose to believe that they are "slick sales people". What exactly do you think they are selling?? I read the article and the idea seems to be that they are shills because they are making great money and I am not sure about the logic here. I personally want them to make money! I hope they are successful! I want to be associated with only people and business who are successful. To say that they are successful because they are making money off of my trades is a bit silly. They made the money by selling the think or swim platform to TD Ameritrade and yes it created a way for us to trade options on really small accounts! So its a NEW idea by your own words even though you opened that paragraph stating that it wasnt a new idea........

    I think your just buying into what this article is saying without actually knowing what your talking about. I am actually trading using this method and in January I made just slightly under $5000.00 USD. To be fair that is my best month ever and I know not every month is going to be that good. Infact if I closed my futures right now today I would lose $2000.00 on them so profit and loss can be large but Im still making a profit!

    Now here are some real numbers for you. Because tasty trades has become tasty works and they are now handling all the trades they will be charging for each trade that you make. https://tastyworks.com/pricing.html Here are their own prices for each opening and closing trade. These prices are way lower then you would pay using any other method and this is a brand new system they just launched. Before this they did not charge for the trades TD bank charged you! Once again you can use their platform for free and do the trades through your own brokerage account!

    It seems that the one big grip people have about this is that you have to always be watching. A lot of little trades made often need to be looked at pretty much everyday but from where I sit that fits the camming lifestyle just perfectly cause your already parked infront of your computer working all day so you might as well have this on in the background while your at it.

    I kind of hoped more people would embrace this idea but this is the internet and its good to be suspicious so if your interest at all please read the article Rick posted above and also and have a look at the website and learn about it yourself. Watch the videos and make up your own mind if this is something you want to try your hand at.I personally can vouch for it and Im not on their payroll.

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    Default Re: NEW EGG Investing in Options!

    I traded apple options and did really well for a couple of years - literally didn't have to work. Trading options if you're day trading savvy or financially savvy is a great avenue to make cash.

    xo

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