Trading PRODIGY Grows $4,000 to $41,307 (no meme stocks) | Rising Star

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  • Опубліковано 24 гру 2024

КОМЕНТАРІ • 172

  • @barbborstein7640
    @barbborstein7640 2 роки тому +154

    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!

    • @LiquidityOcelot
      @LiquidityOcelot 2 роки тому +2

      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.

    • @barbborstein7640
      @barbborstein7640 2 роки тому +8

      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

    • @annavaldez211
      @annavaldez211 2 роки тому +7

      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

    • @lukekage799
      @lukekage799 2 роки тому +1

      @@barbborstein7640 ​Any tips for a nitwit beginner who's trying to get started? Seems unreal a bit of a difficult concept to grasp

    • @barbborstein7640
      @barbborstein7640 2 роки тому +9

      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

  • @gechli3433
    @gechli3433 2 роки тому +8

    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.

    • @oftenwrongphong
      @oftenwrongphong Рік тому +3

      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.

  • @bobdabos60
    @bobdabos60 2 роки тому +31

    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
      @ryen7335 2 роки тому +2

      how is he a "literal" genius? do you even know what quantifies a genius? smh

    • @sv650rider
      @sv650rider Рік тому +2

      @@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.

  • @johnysmith3762
    @johnysmith3762 2 роки тому +14

    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!!!

  • @mulemule
    @mulemule Місяць тому +5

    *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.* 🏆

  • @doloresumbridge7229
    @doloresumbridge7229 2 роки тому +9

    Fantastic! Loved every second of the interview! Would love to see Jacob back on the channel again!

  • @bsilcott
    @bsilcott 2 роки тому +4

    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!

  • @SyFlys
    @SyFlys Рік тому +4

    gawd damn tom we gotta work with the interruptions

  • @drumsmith215
    @drumsmith215 2 роки тому +9

    I really enjoyed this interview and it was great to hear Jacob’s story & his future plans. More of these please!

  • @wyatthale555
    @wyatthale555 2 роки тому +2

    This guy is something special! Very impressive kid with his knowledge at that age.

  • @analysis1957
    @analysis1957 2 роки тому +2

    Wow, what an impressive young man. Great mind. And so well spoken . His parents should be so proud of him.

    • @Mateo-hr4to
      @Mateo-hr4to 3 місяці тому

      She is a girl, in the beginning they mention about the triplets and her 2 sisters, when they talk about her family

  • @avrgegmer1396
    @avrgegmer1396 2 роки тому +6

    Kid has dunked on my whole life but you know what, cheers for you my guy, go big 🎉

    • @ib8895
      @ib8895 2 роки тому

      He has done far more than I have and I am twice his age lol 😂

    • @VicDamoneJr82
      @VicDamoneJr82 Рік тому

      There’s no race gods time is the best time

  • @erictonkins8542
    @erictonkins8542 2 роки тому +6

    love that rising star is back, and this kid, wow, amazing !!! good stuff

  • @cluggyahoo
    @cluggyahoo 2 роки тому +7

    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

    • @Global-livingg
      @Global-livingg 2 роки тому +7

      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.

    • @merrickhemmings
      @merrickhemmings 2 роки тому +1

      @@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?

    • @Global-livingg
      @Global-livingg 2 роки тому +3

      @@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.

  • @50Options
    @50Options Рік тому +1

    Wow! Another education video. I agree with Tom. We need more Jacob.

  • @gruposcalybursadecv997
    @gruposcalybursadecv997 2 роки тому +1

    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!!

  • @ronweasley1512
    @ronweasley1512 2 роки тому +7

    Awesome interview! Jacob has a bright future ahead and his accomplishments are very impressive! Great video!

  • @ib8895
    @ib8895 2 роки тому +4

    Glad to see future stars is back! Your guest was awesome. He sound incredibly bright with a awesome future ahead.

  • @jdarst100
    @jdarst100 2 роки тому +14

    We will see this man again with nice clear goals with a plan.

    • @willcollins5660
      @willcollins5660 2 роки тому

      You mean this girl, was born a girl at birth.

  • @0o_KASHIII_o0
    @0o_KASHIII_o0 9 місяців тому

    Great interview. You can tell he's not an average kid. He has a bright future ahead of him!

  • @PremiumCollector.
    @PremiumCollector. 2 роки тому +2

    Get him on the team! Fascinating work.

  • @soothinglivingmeditationmu6601
    @soothinglivingmeditationmu6601 2 роки тому +8

    Great great interview! Love this kid - great questions from Tom and great answers from Jacob! well done!

  • @MissionMuscleUp
    @MissionMuscleUp 2 роки тому +8

    Almost sounds like Michael Jackson

  • @freemind2025
    @freemind2025 2 роки тому +3

    Dream come true 👏🏼

  • @sr-sr592
    @sr-sr592 2 роки тому +4

    i just cant seem to get to the actual strategies used

    • @cluggyahoo
      @cluggyahoo 2 роки тому +3

      Neither can I 🙁

    • @monstersquad13
      @monstersquad13 2 роки тому +6

      They said a whole lot of nothing. All I learned from him was "Yah"

    • @solarscience5815
      @solarscience5815 Рік тому

      Tom broke it down, he said it was a Basis trade

  • @CanadianOptionsTrader
    @CanadianOptionsTrader 2 роки тому +5

    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.

  • @gabrielalfoad9222
    @gabrielalfoad9222 2 місяці тому +1

    how can i flow Jacob? dos he have a website or youtube channel?

  • @parkour267
    @parkour267 Рік тому +2

    Really like that purple hat

  • @richmundo3535
    @richmundo3535 2 роки тому +3

    did not expect that voice with that haircut and hat. props to the kiddd

    • @willcollins5660
      @willcollins5660 2 роки тому +3

      3:27 It is a girl at birth that is why.

    • @richmundo3535
      @richmundo3535 2 роки тому

      @@willcollins5660 did not catch that.

    • @bluestarindustrialarts7712
      @bluestarindustrialarts7712 2 роки тому +1

      @@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.

    • @mulemule
      @mulemule Місяць тому

      @@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.)

  • @cindi258
    @cindi258 2 роки тому +2

    Go Jacob!! Stay humble!!

  • @dizbetam1
    @dizbetam1 2 роки тому +3

    Wow amazing interview

  • @KK-qc5ct
    @KK-qc5ct 2 роки тому +3

    Inefficiency- wish you guys would have gone down this path a little more. Good stuff thanks.

  • @calebprice7896
    @calebprice7896 2 роки тому +3

    Awesome stuff! Hope to see you back on the show in the future!

  • @pgcontract729
    @pgcontract729 2 роки тому +3

    With a 10x on 4.5K accnt, how exactly does one grow that with the PDT rule on the way to 25K?

    • @jotunngigantopithacus
      @jotunngigantopithacus 2 роки тому +2

      Exit using box spreads or after market close to avoid PDT

    • @bidmcms3
      @bidmcms3 2 роки тому +1

      PDT has nothing to do with it. You can swing (not day) trade, buy options, use margin, and other leverage vehicles.

  • @williampitzalis3127
    @williampitzalis3127 2 роки тому +1

    Got to get my Granddaughter trading. Thank you, he is truly inspiring.

  • @silasdee7865
    @silasdee7865 2 роки тому +2

    Wow, such a bright kid!

  • @douglundy5755
    @douglundy5755 28 днів тому

    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.

  • @sonicdewd
    @sonicdewd 3 місяці тому

    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.

  • @adieucourtier5812
    @adieucourtier5812 2 роки тому

    Really agree with Tom at 22:00 ! In Europe making money out of the markets still generates envy and jealousy...

  • @scentilatingone2148
    @scentilatingone2148 2 роки тому +2

    Impressive! Great interview. Tom is a compassionate guy when he does these. Inspirational.

  • @thetradersam6157
    @thetradersam6157 2 роки тому +2

    this kid will be a multimillionaire by 25 ....

  • @TheEconomicElder
    @TheEconomicElder 2 роки тому +3

    Teach this kid to sell options.

  • @bossbabydotone1174
    @bossbabydotone1174 2 роки тому +3

    The next Warren Buffet

  • @onivlesumlasniulos7837
    @onivlesumlasniulos7837 2 місяці тому

    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.

  • @andrealopez7701
    @andrealopez7701 2 роки тому +4

    First time watching tastytrades! Great show, this kid is awesome and will do great things in the future. Will subscribe bc of this interview

  • @georgeb9586
    @georgeb9586 2 роки тому +3

    Good stuff!

  • @Paragon_Reason
    @Paragon_Reason 2 роки тому

    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?

    • @TheBboyjoakim
      @TheBboyjoakim 2 роки тому

      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.

    • @bidmcms3
      @bidmcms3 2 роки тому

      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

  • @cindy68780
    @cindy68780 2 роки тому +1

    Nice job

  • @tradestock3303
    @tradestock3303 2 роки тому +3

    Great bro..

  • @putt7515
    @putt7515 2 роки тому +6

    Elizabeth holmes voice

  • @rocastyle86
    @rocastyle86 2 роки тому +1

    Hiring him at tasty

  • @martg0
    @martg0 2 роки тому +1

    Which author is the book?

    • @jonesr227
      @jonesr227 2 роки тому +1

      Burton G. Malkiel

  • @mwithigakingangijohn
    @mwithigakingangijohn 2 роки тому

    exporting energy through out continents

  • @options.trading.
    @options.trading. 2 роки тому +2

    That's rad! 😎

  • @LegadosCulturales
    @LegadosCulturales Місяць тому

    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 .

  • @FA-fo1gu
    @FA-fo1gu 2 місяці тому

    I wish you would have talked about trading strategy instead of all of this which most of us don’t care

  • @premiumtrades
    @premiumtrades 2 роки тому

    Wow! This guys got it , very intelligent

  • @bingebinge3722
    @bingebinge3722 2 роки тому +1

    What did you find this kid!?!?

  • @tictoc5443
    @tictoc5443 10 днів тому

    What % of traders turn 40k into 4k?

  • @ezrider9272
    @ezrider9272 Місяць тому

    Content machine

  • @jb6278
    @jb6278 2 роки тому +2

    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.

  • @Geniecool2019
    @Geniecool2019 3 місяці тому +1

    Please let the boy talk ....he has more to share than you ....😡😡

  • @tanvoo
    @tanvoo 2 роки тому +1

    great kid!

  • @zdzczx7660
    @zdzczx7660 Рік тому

    Great US market sure with rampant naked shorting and hostage regulators

  • @BinhNguyen-tm1ul
    @BinhNguyen-tm1ul 18 днів тому

    His voice sound like michealJackson 😊

  • @douglundy5755
    @douglundy5755 28 днів тому

    ok is this chit chat or trading science...Sorry but is this people magazine?

  • @Simon-xi8tb
    @Simon-xi8tb 10 місяців тому

    Ja. Hans did gut

  • @stephenkutney9626
    @stephenkutney9626 2 роки тому +2

    To understand Jacob, read Irreversible Damage by Abigail Shrier

  • @ajaxtv3671
    @ajaxtv3671 2 роки тому +6

    this interview is straight fluff and ego stroking. he never explained what he did.

    • @VicDamoneJr82
      @VicDamoneJr82 Рік тому

      😂😂😂 I got nothing from this just a bunch of jargon

  • @macfiona4545
    @macfiona4545 2 роки тому +7

    His “Ya” is so Germanish

    • @TheHeathbr
      @TheHeathbr 2 роки тому +3

      Yaaas

    • @andrejkrywcun1334
      @andrejkrywcun1334 2 роки тому +1

      But absolute nothing else sounds like german accent

    • @cluggyahoo
      @cluggyahoo 2 роки тому +1

      Yas, but it seems to be working for him haha

  • @Chessdude4
    @Chessdude4 Рік тому +1

    Lol he said ria.. it’s an IRA.. also zom and sndl are penny stocks.. he said he didn’t trade penny stocks

  • @Helloboby
    @Helloboby Місяць тому

    Bro Tom never sthu , he always tries to be the smartest

  • @nomad74777
    @nomad74777 2 роки тому +1

    Good lord.

  • @gapperx9068
    @gapperx9068 2 роки тому +18

    Has Jacob even gone through
    Puberty? Doesn't sound like it.

    • @willcollins5660
      @willcollins5660 2 роки тому

      3:27, listen here, you will found out the reason.

  • @wyatthale555
    @wyatthale555 2 роки тому

    Hire him Tom!

  • @michaelsingletary3412
    @michaelsingletary3412 2 роки тому

    yah.

  • @16grand
    @16grand 2 роки тому +1

    Lol,
    Without GME AMC

  • @_f_6957
    @_f_6957 Рік тому +1

    Imagine if this kid traded forex.

    • @hunt1110011
      @hunt1110011 Рік тому

      he loses...badly, like the 99.99%

    • @ROSE-bk6kt
      @ROSE-bk6kt 3 місяці тому

      ​@@hunt1110011source

  • @Chessdude4
    @Chessdude4 Рік тому +1

    Yaaaaaa

  • @christianfiguroa7147
    @christianfiguroa7147 2 роки тому +1

    I like his voice

  • @BoundMusic
    @BoundMusic 10 місяців тому

    why is his voice like that? :)

  • @MsLemons12
    @MsLemons12 Рік тому +5

    How does a 14 year old get $4500? Lol

  • @ethanluo7355
    @ethanluo7355 Рік тому

    for the future rising stars - please show at least one example of how the star made money, please

  • @rocastyle86
    @rocastyle86 2 роки тому +1

    SOS IS LIKE BE MY SON

  • @jerrywade3599
    @jerrywade3599 2 роки тому +1

    8:58

  • @eyelessclowned
    @eyelessclowned Рік тому +1

    Yah yah yah

  • @MrKiNgTV-vn2bu
    @MrKiNgTV-vn2bu Рік тому

    Jpp, a hamster in his head is definitely running crazy fast.

  • @theweird6722
    @theweird6722 Рік тому +2

    #alien

  • @patrickt.8250
    @patrickt.8250 2 роки тому +4

    Tough watch

  • @dannysong5645
    @dannysong5645 2 роки тому +1

    Yuh

  • @jsh111
    @jsh111 Рік тому

    "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.

    • @k_something6124
      @k_something6124 2 місяці тому

      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…..

  • @MNTrader2012
    @MNTrader2012 2 роки тому +3

    A completely worthless interview. Zero info on what he did turning 4k into 40k

  • @Lukas-cm2b
    @Lukas-cm2b Рік тому

    thank you for your great videos but titles like this sounds little bit cheezy

  • @tombraon1006
    @tombraon1006 Рік тому

    Strategy? Haha

  • @hrbllc4206
    @hrbllc4206 7 місяців тому

    Ew

  • @willcollins5660
    @willcollins5660 2 роки тому

    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?

  • @_.Dave._
    @_.Dave._ Рік тому

    Took him 11 months to make 3.5%... Rising Star? yikes.

  • @Arun_trades
    @Arun_trades Рік тому

    Is Jacob a boy or a girl or transitioning from one to another? Can't figure out by the sound of the voice.

  • @Thegringopapi
    @Thegringopapi 2 роки тому

    Lol what’s a meme stock ? A stock that is popular? Sounds terrible

  • @goobtron
    @goobtron Рік тому

    Is this a boy or girl?