No offense, but I have to disagree with you on that one.
1. Options trading is not for beginners
2. Testytrades have no audited performance and are mostly famous with Karen the super trader, which turned to be the super scam...
No offense taken, you are welcome to your opinions and likewise no offence intended in my response. To respond to your points directly:
1) I respectfully disagree and suggest that /with suitable eduction/ (which is what I was pointing the original poster to!), options are no more dangerous than many other trading vehicles, and in some respects are arguably IMHO safer (correctly employed of course.) I maintain that there's a lot to be learnt from the archives at tastytrade as it will help develop broad market undersanding and awareness, quite apart from specifics surrounding options.
2) I was not aware of anything untowards with respect to Karen the supertrader, thanks for pointing this out. Of course my first thought when I read your comment was that Tastytrade != Karen the supertrader, and that it's silly to conclude tastytrade is nonsense because of what Karen, a person not even involved with or part of TastyTrade has done.
The next thought that went through my head was that Karen's approach (from what I recall from when I watched an interview maybe 2 years ago or whatever with her), did in any case not really fit/comply with what tastytrade taught. Finally, having in the meantime also scanned the SEC filing, it's perhaps worthy pointing out that the alleged fraud apparently had more to do with what she did in respect of charging of fees while in a situation where she was not untitled to do so (by entering trades to try and avoid floating losses from impinging on the charging of fees) than with anything to do with the tastytrade approach. So I suggest that Karen is rather irrelevant in respect of tastytrade. If you're going to criticse, then critcise their research results or their teaching directly and perhaps avoid what might otherwise be described as FUD.
As for not being audited: Fair enough, this by itself doesn't however mean everything on their site is nonsense. And it's not like you or I or anyone else posting articles on this forum is audited either.
To close, 2 more points:
1) There's a book by Al Sherbin entitled "How to Price and Trade Options: Identify, Analyze, and Execute the Best Trade Probabilities", which covers a lot of the same philosophy and approach as is used by tastytrade. It is IMHO well worth reading, but obviously not free. But, for someone wanting something in printed form to reivew/study and are prepared to spend $50 then it's very much worth it.
2) To be clear: My suggestion to the original poster to watch the tastytrade archives was not based on specific performance of Karen or any other individual trader, but was based on personal experience having watched a lot of their educational materials, as well as my own ongoing experiment/experience successfuly introducing trading options over the last 28-ish months into my own trading.
