When done with proper mechanism, investing in the markets literally feels like printing your own money! IMHO a more conservative, strategic approach to trading is most ideal!
Lol, I've never felt so dumb. I've been trying to refine a strategy but trading is just too complicated ….... I'm still trying to wrap my head around it.
Left my job in June ... Once I found trading and started making more than I was while working. That was it for me! Though I was lucky enough to use leverage from an expert, it gave me flexibility to still work while earning tons in the stock options market
I can't wait to quit my job. I swing trade and I am making much more than my day job. I want to have at least 500K from trading before I quit the job I hate. I am on it because I need to pay bills and I am a single mom
Personally I prefer using the algorithmic trading system. No brains or effort on your part needed and it’s quite profitable! This way I actively manage my passive income and passively manage my active income
Wow this kid is a literal genius! The interview was great with thoughtful and intelligent dialogue on both sides, looking forward to more future star interviews!
@@ryen7335 Its like the language that came from Supreme Court Justice Potter Stewart "I know it when I see it" regarding this young person's obvious intellect and talent on display.
JUST FANTASTIC! This kid is a superstar, not a future superstar but already now a true superstar!! I would love to learn more detail about his proprietary modelling he taught himself. Tom should hire him immediately. He's only going to get better and better!!!
*A Short of this interview brought me here to learn more Re: this exceptional teen's meteoric journey. Most of the Short's commentary epitomizes the absolute worst of the Internet's predictable cesspit of infinite-idiocy. By contrast, the lion's share of comments **_here,_** however, are earnest, upbeat, and supportive of this brilliant, emerging, trading-talent. So glad I made the trip.* 🏆
Very bright and articulate young man but what statregies was he using to increase his account 10x ? Did he even use options ? Not sure. I understand he came out with a proprietary model, but I would have liked to know more. Oil ETF,,,,,, I must have missed something
It sounds like he was arbing short-long positions between oil ETFs and other products based on the underlining IV of the products relative to the price action to find small arbitrage plays that are not definite, but rather speculative based on IV, then trading them. Maybe I'm wrong as he didn't go deep into it here, but that'd explain why this year he's not done too well (only up a few percent), as his prop model broke as soon as others found the arb play and begun doing it their self, or simply the differing market dynamics changing the way the underlinings move - or rather as he mentioned the main underlinings are no longer on-market the more inefficient products he was using no longer exist and thus he's not able to find an opportunity anymore based on his models. Ultimately this is why I do not try to find such plays, but instead subscribe to the opposite of what him and Tom do - believing the market is NOT efficient, and rather than trying to play the numbers and arb the spread between realized and implied voaltility or spreads I attempt to arb the perspective of the market vs theoretical personal modeling of events such as FED rate hikes, black swan events, likelihood of economy rolling over, etc.
@@Global-livingg I’m curious. You said you try to arb the opposite of the market. Would this be looking at the option chain and going against the side with higher oi. Or looking at the general sentiment of the market from the internet and going inverse. Lots of ways to try this, I’m curious which one you chose?
@@merrickhemmings No I mean I do not arb implied/priced-in volatility vs actual volatility like Tom largely does, as he believes the market prices everything in and thus you cannot arb news/events/sentiment beyond volatility as it should be priced in if the market is efficient. Instead I try to weight general market sentiment or perspectives against internal probabilities - an example being back in August I extrapolated out macro data, sentiment, and FED behavior and projected a 75bp hike in September, followed by a 75/50bp hike in November, followed by a 25/50 (revised to 50/75 now) hike in December. At the time the market projected substantially lower amounts of hikes, a 3.50-3.75 terminal FFR as most probable at the end of the year, while I was projecting a rate of 4.00 -> 4.25 as the most probable. Arbing this looks like, in that case, going short bonds and likely equities - particularly high-debt companies and those with low earnings yield, as if I am correct (I was) there'd be a substantial repricing in time when the market prices in what I had already accounted for in my modeling. Another example being c*vid - in January I knew about it and how serious it could be, took personal steps to avoid the risks, and tried to short the market, projecting a spread and black swan event months early. Nobody took it seriously, whistling by the graveyard, until Italy locked down many many many weeks later. Another was the recovery of c*vid, with free money being handed out like crazy and personally putting, and hearing others putting, the stimulus funds in crypto and stocks, I was able to leap on the wagon early arbing the inflation narrative before it showed up, as I understood - and had superior information - to the majority of market participants. Another was the R*ssia Ukr*ine conflict, knowing the situation and geopolitics, what R*ssia committed to, the war was clear in the weeks before, while market participants and media pundits, even Ukrainians, fastly underestimated the risk, pricing it at 40% according to my modeling. It's not something I'd recommend for most people, but it's worked extremely well for me - my only issue is as I'm still relatively new (5~ years actively trading as of now) risk-management and conviction hasn't been very good until very recently. You can see dumb money also performing similar, but rather than macro like myself they attempt to do so on individual stocks/equities. They did fantastic a few years back, really nailing on narratives and digging deep, but in the last couple years since c*vid they slacked and let 'the community' do the work and haven't done great since. They stopped being hungry, and if you don't give this method the time, a lot of time, you lose - as the market is quick to price in information. Usually it's only a few weeks behind pricing in what you can accurately model.
@@willcollins5660 2nd time you mentioned that in this thread. A woman who works for me has triplets 2 girls and a boy. Actually the most common arrangement of triplets. You have no basis other than your own opinion.
@@bluestarindustrialarts7712 Thank you for citing _facts._ @willcollins5660's "own opinion" is motivated by unsubtle bigotry. (Note the _"IT_ is a girl at birth" garbage above.)
halfway, spread trading...small cap..?? Are we sharing or...15.01 they actually share something, small dollar startups in MJ and biotech with no bottom side, small risk. Because they're cheap. Still trying to learn something.
Smart pair. However, not sure they are correct that saying "technical analysis doesn't work" as a generality thrown out there. Technical analysis, when done correctly, works wonderfully because patterns happen only because of market psychology and self-fulfilling prophesies. Evidence shows this, but I may be mistaken.
I got the feeling that jacob made a specific tools and measure using ai algorithm combined with her economic knowledge to find an entry. It sounds like she only tries to target a stable market action that has low volatility and look out for volume and market cap trading along the news.
Looking for experience trader opinion. A friend of mine was telling that I'd be hard pressed to get above 25% returns when I factor in trading fees and taxes. Is this true?
Most probably, yes. But of course it is totally possible to overshoot that. It all depends on how good you are. I'm currently up 10% after fees so far this year (having done approx. only 15 trades the entire year). With the experience and knowledge I have now, it would've been easy making 25+% in 2020-2021 when the fed was printing.
Trade in a Roth and taxes are a non factor. Fees are really not much of a factor these days either, eg Fidelity has no fee stock trades, and $0.65 per option
Very Impressive and focused young man with an amazing future a head of him that is unequivocally not distracted by all the noise and shenanigans going on our society.
"you can't make money off of anything that is public knowledge". And yet I make consistent gains with trendlines, and basic support and resistance..... In $SPY.
He’s meaning that in terms Of levels along with varying degrees of risk factors and certain consistencies/reliability factors wise Just like nothing comes free in life…..
When done with proper mechanism, investing in the markets literally feels like printing your own money! IMHO a more conservative, strategic approach to trading is most ideal!
Lol, I've never felt so dumb. I've been trying to refine a strategy but trading is just too complicated ….... I'm still trying to wrap my head around it.
Left my job in June ... Once I found trading and started making more than I was while working. That was it for me! Though I was lucky enough to use leverage from an expert, it gave me flexibility to still work while earning tons in the stock options market
I can't wait to quit my job. I swing trade and I am making much more than my day job. I want to have at least 500K from trading before I quit the job I hate. I am on it because I need to pay bills and I am a single mom
@@barbborstein7640 Any tips for a nitwit beginner who's trying to get started? Seems unreal a bit of a difficult concept to grasp
Personally I prefer using the algorithmic trading system. No brains or effort on your part needed and it’s quite profitable! This way I actively manage my passive income and passively manage my active income
This kid sounds so mature! I bet a lot of MBA students would not be able to talk so intelligently about the market. Way to go, Jacob.
As an MBA, I concur. Will also add that half of the students on my final project team wouldn't even be able to follow this discussion.
Wow this kid is a literal genius! The interview was great with thoughtful and intelligent dialogue on both sides, looking forward to more future star interviews!
how is he a "literal" genius? do you even know what quantifies a genius? smh
@@ryen7335 Its like the language that came from Supreme Court Justice Potter Stewart "I know it when I see it" regarding this young person's obvious intellect and talent on display.
JUST FANTASTIC! This kid is a superstar, not a future superstar but already now a true superstar!!
I would love to learn more detail about his proprietary modelling he taught himself. Tom should hire him immediately.
He's only going to get better and better!!!
*A Short of this interview brought me here to learn more Re: this exceptional teen's meteoric journey. Most of the Short's commentary epitomizes the absolute worst of the Internet's predictable cesspit of infinite-idiocy. By contrast, the lion's share of comments **_here,_** however, are earnest, upbeat, and supportive of this brilliant, emerging, trading-talent. So glad I made the trip.* 🏆
Fantastic! Loved every second of the interview! Would love to see Jacob back on the channel again!
This kid is on the ball! Now if we only get him outfitted in a TastyTrade ballcap or Sos Grande beret, it’s well earned!
gawd damn tom we gotta work with the interruptions
I really enjoyed this interview and it was great to hear Jacob’s story & his future plans. More of these please!
This guy is something special! Very impressive kid with his knowledge at that age.
Wow, what an impressive young man. Great mind. And so well spoken . His parents should be so proud of him.
She is a girl, in the beginning they mention about the triplets and her 2 sisters, when they talk about her family
Kid has dunked on my whole life but you know what, cheers for you my guy, go big 🎉
He has done far more than I have and I am twice his age lol 😂
There’s no race gods time is the best time
love that rising star is back, and this kid, wow, amazing !!! good stuff
Very bright and articulate young man but what statregies was he using to increase his account 10x ?
Did he even use options ? Not sure.
I understand he came out with a proprietary model, but I would have liked to know more. Oil ETF,,,,,,
I must have missed something
It sounds like he was arbing short-long positions between oil ETFs and other products based on the underlining IV of the products relative to the price action to find small arbitrage plays that are not definite, but rather speculative based on IV, then trading them.
Maybe I'm wrong as he didn't go deep into it here, but that'd explain why this year he's not done too well (only up a few percent), as his prop model broke as soon as others found the arb play and begun doing it their self, or simply the differing market dynamics changing the way the underlinings move - or rather as he mentioned the main underlinings are no longer on-market the more inefficient products he was using no longer exist and thus he's not able to find an opportunity anymore based on his models.
Ultimately this is why I do not try to find such plays, but instead subscribe to the opposite of what him and Tom do - believing the market is NOT efficient, and rather than trying to play the numbers and arb the spread between realized and implied voaltility or spreads I attempt to arb the perspective of the market vs theoretical personal modeling of events such as FED rate hikes, black swan events, likelihood of economy rolling over, etc.
@@Global-livingg I’m curious. You said you try to arb the opposite of the market. Would this be looking at the option chain and going against the side with higher oi. Or looking at the general sentiment of the market from the internet and going inverse. Lots of ways to try this, I’m curious which one you chose?
@@merrickhemmings No I mean I do not arb implied/priced-in volatility vs actual volatility like Tom largely does, as he believes the market prices everything in and thus you cannot arb news/events/sentiment beyond volatility as it should be priced in if the market is efficient.
Instead I try to weight general market sentiment or perspectives against internal probabilities - an example being back in August I extrapolated out macro data, sentiment, and FED behavior and projected a 75bp hike in September, followed by a 75/50bp hike in November, followed by a 25/50 (revised to 50/75 now) hike in December.
At the time the market projected substantially lower amounts of hikes, a 3.50-3.75 terminal FFR as most probable at the end of the year, while I was projecting a rate of 4.00 -> 4.25 as the most probable.
Arbing this looks like, in that case, going short bonds and likely equities - particularly high-debt companies and those with low earnings yield, as if I am correct (I was) there'd be a substantial repricing in time when the market prices in what I had already accounted for in my modeling.
Another example being c*vid - in January I knew about it and how serious it could be, took personal steps to avoid the risks, and tried to short the market, projecting a spread and black swan event months early. Nobody took it seriously, whistling by the graveyard, until Italy locked down many many many weeks later.
Another was the recovery of c*vid, with free money being handed out like crazy and personally putting, and hearing others putting, the stimulus funds in crypto and stocks, I was able to leap on the wagon early arbing the inflation narrative before it showed up, as I understood - and had superior information - to the majority of market participants.
Another was the R*ssia Ukr*ine conflict, knowing the situation and geopolitics, what R*ssia committed to, the war was clear in the weeks before, while market participants and media pundits, even Ukrainians, fastly underestimated the risk, pricing it at 40% according to my modeling.
It's not something I'd recommend for most people, but it's worked extremely well for me - my only issue is as I'm still relatively new (5~ years actively trading as of now) risk-management and conviction hasn't been very good until very recently.
You can see dumb money also performing similar, but rather than macro like myself they attempt to do so on individual stocks/equities. They did fantastic a few years back, really nailing on narratives and digging deep, but in the last couple years since c*vid they slacked and let 'the community' do the work and haven't done great since.
They stopped being hungry, and if you don't give this method the time, a lot of time, you lose - as the market is quick to price in information. Usually it's only a few weeks behind pricing in what you can accurately model.
Wow! Another education video. I agree with Tom. We need more Jacob.
oh wow...this kid will be another Tom in the future!..i would of love to have friends like this when i was a kid!...GENIUS!!
Awesome interview! Jacob has a bright future ahead and his accomplishments are very impressive! Great video!
Glad to see future stars is back! Your guest was awesome. He sound incredibly bright with a awesome future ahead.
she is a girl
We will see this man again with nice clear goals with a plan.
You mean this girl, was born a girl at birth.
Great interview. You can tell he's not an average kid. He has a bright future ahead of him!
Get him on the team! Fascinating work.
Great great interview! Love this kid - great questions from Tom and great answers from Jacob! well done!
Almost sounds like Michael Jackson
Dream come true 👏🏼
i just cant seem to get to the actual strategies used
Neither can I 🙁
They said a whole lot of nothing. All I learned from him was "Yah"
Tom broke it down, he said it was a Basis trade
Really amazing kid! I wish i knew his last name so I could follow his story in the future, or if he has a blog/vlog or something to follow.
how can i flow Jacob? dos he have a website or youtube channel?
same here
Really like that purple hat
did not expect that voice with that haircut and hat. props to the kiddd
3:27 It is a girl at birth that is why.
@@willcollins5660 did not catch that.
@@willcollins5660 2nd time you mentioned that in this thread. A woman who works for me has triplets 2 girls and a boy. Actually the most common arrangement of triplets. You have no basis other than your own opinion.
@@bluestarindustrialarts7712 Thank you for citing _facts._ @willcollins5660's "own opinion" is motivated by unsubtle bigotry. (Note the _"IT_ is a girl at birth" garbage above.)
Go Jacob!! Stay humble!!
Wow amazing interview
Inefficiency- wish you guys would have gone down this path a little more. Good stuff thanks.
Awesome stuff! Hope to see you back on the show in the future!
With a 10x on 4.5K accnt, how exactly does one grow that with the PDT rule on the way to 25K?
Exit using box spreads or after market close to avoid PDT
PDT has nothing to do with it. You can swing (not day) trade, buy options, use margin, and other leverage vehicles.
Got to get my Granddaughter trading. Thank you, he is truly inspiring.
Wow, such a bright kid!
halfway, spread trading...small cap..?? Are we sharing or...15.01 they actually share something, small dollar startups in MJ and biotech with no bottom side, small risk. Because they're cheap. Still trying to learn something.
Smart pair. However, not sure they are correct that saying "technical analysis doesn't work" as a generality thrown out there. Technical analysis, when done correctly, works wonderfully because patterns happen only because of market psychology and self-fulfilling prophesies. Evidence shows this, but I may be mistaken.
Really agree with Tom at 22:00 ! In Europe making money out of the markets still generates envy and jealousy...
Impressive! Great interview. Tom is a compassionate guy when he does these. Inspirational.
this kid will be a multimillionaire by 25 ....
Teach this kid to sell options.
The next Warren Buffet
I got the feeling that jacob made a specific tools and measure using ai algorithm combined with her economic knowledge to find an entry. It sounds like she only tries to target a stable market action that has low volatility and look out for volume and market cap trading along the news.
First time watching tastytrades! Great show, this kid is awesome and will do great things in the future. Will subscribe bc of this interview
Good stuff!
Looking for experience trader opinion. A friend of mine was telling that I'd be hard pressed to get above 25% returns when I factor in trading fees and taxes. Is this true?
Most probably, yes. But of course it is totally possible to overshoot that. It all depends on how good you are. I'm currently up 10% after fees so far this year (having done approx. only 15 trades the entire year). With the experience and knowledge I have now, it would've been easy making 25+% in 2020-2021 when the fed was printing.
Trade in a Roth and taxes are a non factor. Fees are really not much of a factor these days either, eg Fidelity has no fee stock trades, and $0.65 per option
Nice job
Great bro..
Elizabeth holmes voice
Hiring him at tasty
Which author is the book?
Burton G. Malkiel
exporting energy through out continents
That's rad! 😎
Something I noticed is I couldn't find his last name. Is because he's a teen? I wanted to learn more about his genius .
I wish you would have talked about trading strategy instead of all of this which most of us don’t care
Wow! This guys got it , very intelligent
3:27 This girl you mean.
What did you find this kid!?!?
What % of traders turn 40k into 4k?
Content machine
Very Impressive and focused young man with an amazing future a head of him that is unequivocally not distracted by all the noise and shenanigans going on our society.
Please let the boy talk ....he has more to share than you ....😡😡
great kid!
Great US market sure with rampant naked shorting and hostage regulators
His voice sound like michealJackson 😊
ok is this chit chat or trading science...Sorry but is this people magazine?
Ja. Hans did gut
To understand Jacob, read Irreversible Damage by Abigail Shrier
this interview is straight fluff and ego stroking. he never explained what he did.
😂😂😂 I got nothing from this just a bunch of jargon
His “Ya” is so Germanish
Yaaas
But absolute nothing else sounds like german accent
Yas, but it seems to be working for him haha
Lol he said ria.. it’s an IRA.. also zom and sndl are penny stocks.. he said he didn’t trade penny stocks
Bro Tom never sthu , he always tries to be the smartest
Good lord.
Has Jacob even gone through
Puberty? Doesn't sound like it.
3:27, listen here, you will found out the reason.
Hire him Tom!
yah.
Lol,
Without GME AMC
Imagine if this kid traded forex.
he loses...badly, like the 99.99%
@@hunt1110011source
Yaaaaaa
I like his voice
why is his voice like that? :)
he's a girl
How does a 14 year old get $4500? Lol
for the future rising stars - please show at least one example of how the star made money, please
SOS IS LIKE BE MY SON
8:58
Yah yah yah
Jpp, a hamster in his head is definitely running crazy fast.
#alien
Tough watch
Yuh
"you can't make money off of anything that is public knowledge". And yet I make consistent gains with trendlines, and basic support and resistance..... In $SPY.
He’s meaning that in terms
Of levels along with varying degrees of risk factors and certain consistencies/reliability factors wise
Just like nothing comes free in life…..
A completely worthless interview. Zero info on what he did turning 4k into 40k
thank you for your great videos but titles like this sounds little bit cheezy
Strategy? Haha
Ew
3:27 Jacob is a triplet sibling with 2 sisters? So jacob at birth was really a female. This means this person is transgendered at a young age?
Took him 11 months to make 3.5%... Rising Star? yikes.
Is Jacob a boy or a girl or transitioning from one to another? Can't figure out by the sound of the voice.
Dad is a rabbi #iykyk #thenoticing
That’s what you choose to focus on…?
Lol what’s a meme stock ? A stock that is popular? Sounds terrible
Is this a boy or girl?