Tastytrade, or Tastyworks, is VERY popular. But why? Perhaps it is just because of the insane amount of trade ideas the actual group gives? Maybe. This is where the problem lies: Do you review the group or the platform?
Perhaps the key is the platform. It is slick, concrete, versatile, and one of the most user-friendly platforms out there for stock option trading.
The siding selection of option strike prices is just one of the many great features. The Tastytrade platform is fantastic. Reviews of Tastytrade time and time again prove this fact of user-friendliness. However, the trading group has issues.
TastyTrade Group Problems
No contract size. Losers are let to run to maximum loss and sometimes rolled. In addition, trade announcements may be incredibly delayed and thus are not real time. The extensive reviews on this site lead to suggesting following Simpler Options trading group with the Tastytrade platform yields the most success. Of course, disclaimers must state there’s no guarantee of this and it is merely opinion.
Now, don’t get facts wrong. The show Tastytrade offers is fully of incredibly valuable information. Just don’t bet the farm on each trade. The fact the show is free to platform users is a great advantage. In addition, the platform is open to both domestic in the United States traders and international stock options traders. Opening an international account with Tastytrade can be quite advantageous for non-United States citizens.
As it stands now, Tastyworks is heavily recommended to smaller traders based on fee structures and the user-friendly platform. You can construct trades incredibly easily.