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Meet The New Generation Of Traders
Having spent the last 5 years of his trading career "in short option spreads and Biotech," we are sure Tyler McCain and his Fed-fueled ilk are very well equipped to deal with whatever it is that The Fed has in store for the markets next...
Good luck Tyler.
Luckily, Tyler has corrected his initial Bio which showed his spreading options from the nursery...
If only Tyler had a math Ph.D, Virtu would hire him on the spot - after all the HFTs are smart and they know that when the scapegoating begins, they will need a few sacrificial lambs besides just the algos to throw at the regulators.
h/t @zzlangerhans
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History... like wall street gives a shit about a 20 year biotech history. ....buaaaahhaaahaha
the tide is turning.
Biotech First Sector Ever To Outperform For 5 Years In A RowI trust the kid more than any trader on CNBC's Fast Money
Kid, take whatever money you have made so far and run. You will get eaten alive eventually.
i'd take parenting advice from Charlie Sheen before i took any trading advice from this little weasel
At that age he should be trading using Coinigy on bitcoin markets. Still using real money, but not skewing the real markets figures with his perspective until 21. Tell you what, he should really be trading Zero Hedge Coin 0. Let's make it a reality, so teenage traders everywhere can short and pump and dump to their hearts content. http://zhc0.com
With a name like Tyler I'm sure this upstanding young man has a great financial future in... pornography
15horses1donkey. I think if you keep pimping this idea on Zero Hedge as a cryptocurrency, I am gonna have to track you down, and bitch slap you into the middle of next week for being a pimp ass bankster schill bitcoin wannabe rat bastard motherfucker. IF ZERO HEDGE HAD A FUCKING CURRENCY OF IT'S OWN, IT WOULD BE MINTED IN INCORRUPTABLE NON HYPOTHECATED NON DERIVATIVE NON MARGIN ABLE SILVER OR GOLD. Get your shit together, and change your direction while you still have an ass to kick. Jesus, fucking kids these days. You all think technology is a miracle. All it is is electrons that can be made to go poof any fucking minute now. if i blew up your phone right now, you would look like a cow at the slaughterhouse just at the moment the bolt gun goes off - " How could you do this to me ? What'll I do now ? " Improvise. Adapt. Overcome. Triumph over adversity. And, transform your idea into minting a fucking coin out of noble metals, or I will make you look like a one legged man at a nut kicking contest.
They make money on a sideways or slowly rising market.
One drop and their losses become imense and mom and dad lose their house because their son or daughter was trading on dad's account.
I know so many people who write calls and puts and don't counter protect their own trades enough because it nibbles on their profits that suddenly their account with 50k on it turns into a loss of -250k.
And it always turns sour, always because only 1 day of bad luck is enough to wipe them out.
And when I tell them that 80% of my trades are the actual buying of stocks, they look at me like I'm a martian while I'm the one making more profits but slower. If I make a 5% gain, it's mostly enouh to bail and move to the next. And if it turns sour, I just wait.
And when I go into options, it's with my profits and never more then 3 to 4k.
Today for example, I made 1400 euro's on my stocks. A good day. And I sold. And in total, I have about 20 to 30 trades like that per year.
And every stock I buy needs to meet all the criteria in case I need to hold it for 6 to 12 months.
NEVER anything with a negative EPS and never anything with a PE above 12 and volume needs to be above 1% per day.
Hey, I would really appreciate it I you could tell me a little bit about how you started? I'm 18 just as Tyler, and would like to start trading within the next year or so. I don't really have that much (money) and I'm not looking to make a fortune either, I just don't have that much to spend on, and definetly would like to have some money for travelling while human movility is high until it is no longer so. And the less time I maintain a payed job the better. I will definetly need a property and whatever holds value by then, when things are not so nice. (10-20yrs?, I know it REALLY depends)
My main concern is about getting the right 'education', so to speak. Where did you learn your ways around trading? I know some of the basics already, and I definetly enjoy the learning part, but still haven't managed to make a decision about how and where should I be drawing knowledge from? And because of that I'm not making the progress I would like.
Thanks in advance, I think you're quite the nice fellow by what you wrote.
Sudden Debt was born to be a trader. Here he is honing his trading chops.
http://youtu.be/AYrpROr9Gmk
Everyone is a genius in a Fed-fueled bull market. This kid will be living in moms basement, wishing he could work at McDonald's, once the music stops.
Hey Kid, your Self-Attribution Bias is showing....
Say NO more. That’s real work. A kid telling the world how to invest in a racket.
“The naive doesn’t see the danger until it is at his throat.” — Noam Chomsky
Your Chomsky quote above perfectly describes the liberal mindset. Thanks for reminding us.
The real problem with using 20 years of historical data is that current market conditions (trading patterns/general environment/HFT and algo trading) ARE NOT represented in historical data. This kid is a randy mcnobody who makes NOTHING trading. Who the fuck uses seeking alpha anyway?
JPM or Goldman could use this lad . He'll make a great impact bumper.
Didn't we get a slew of these types of thing around October 2007?
DavidC
Kids in short pants?
Gone.
He remembers going to the prom with his dad and coming home with his mom.
Great, my neighbor's kid is day trading. And he's got the "lying on your resume" thing down pretty good, too. I'm sure he'll do just fine.
Just wondering who gave him an options trading account with margin at age 13. Last time I checked, that was illegal for somebody of that age. But who really cares about "illegal" any more? So long as he's not Indian and isn't spoofing quotes without proper governmental authorization, I guess it's all good.
His EBT for a living mom opened it for him. What the hell - It could bring in a couple bucks for the cable TV and cell phone bills.
I'm just hoping I can save one of those lions from turning into a lamb, not much wiggle room left in town.
Should I put the nine months of pre-natal experience on a Wall Street trading desk on my resume? Does the UGMTA brokerage account I had as a baby, kid and teenager count as trading experience? I've been paying capital gains taxes to Uncle Sam since I was one year old, so it's not as if there isn't a long paper trail...
According to New-Math-Resume-BS I must have more experience than Jamie Dimon, and I can also get a professional reference from his old boss at JPM.
This shit has to stop, we have entire generations that are useless for anything except cannon fodder.
Day trading is something I have never done, and never will do. It is as bad as using technical analysis in your investment "strategy" I guess I should have worded it differently. I learned investing on the options and derivatives markets. I've been around options fund managers the past five years and they were who first introduced me to the markets. Options were then the tool used to teach me about investing, and once I had a rudimentary understanding of how they worked I dove deeper into the underlying assets.
Honestly in this rigged casino, who is to say his investment strategy has less merit than any other random roll of the dice?
Is that fonestar?
Talk about fake facebook accounts....
Looks like the "I just got a Dell guy", when he was young...
18 year old Compliance Mgr.
Of what? 14 year olds?
But truthfullly, I am guessing that he has made more than me in those five years.
Next five years might not be an extension of the last five years though.
With a name like his he's just going to be the Fall Guy.
This site is getting like a tabloid "newspaper"
if that's the way things are going to go, let's at least get more well-illustrated articles on Brazil and Sweden
Never mind all that shit!
Blake has proposed to Gwen!
I saw it at the newsstand, just today!
Srsly tho- given the chance, how many of us could resist that beautiful siren's call?
I don't even like her music.
Don't imagine Blake does, either.
"dying aint much of a livin' boy..."
- Josie Wales -
if u aint anti Fraud Markets/Wall St. scum like most of us here at ZH, ur an enemy....
considered urself warned........
Works on just about anything huh?? How's it work on stains?
I was taken off some investing cold call lists, possibly all of them when I kept answering, saying the stock market is fake and gave multiple reasons why I will not trade since 2008. Was told I must believe that 9/11 was a conspiracy at the end of the last phone call.
This stock market is all gravy going up, until it doesn't When it doesn't, a lot of people are going to be destroyed. The article person is going to get puppet socked sooner than later.
e-trade baby ?
He's literally a born trader.
Does he even shave?
I think we have reached the parallel to the shoeshine boy giving out trading advice before the crash of 1929.
The "Boy Plunger" is back, go Jesse Livermore!
In ol' Kentuck they go "yuk, yuk, yuk", in Tennessee they go "Tee hee hee", in Arkansas they go "Haw, haw, haw". Jesus help us. Or Mohammad. Or Budha. Anybody. Help.
No clue what you said. But I dig it nonetheless. I have been to all those places. Cool people and idiots alike are everywhere. Mostly cool people if you get out into the country.
Hahaha... This guy is exceptional all right.
Why is he not the FED Chairman already? Or least a Margin Scamley's CEO? He looks totally data dependent to me and I bet his fingers are really... plus sized. Fucking tea bags stiffed us again. You heard me you bi-partisan bastards with which we share absolutely no common statist interest! It's on now, you done wrecked the future of the CHILDREN!! You take our Tyler's dreams, we take your guns!
He was just a compliance manager damn you!
/thesarcisrealyoeconomybedownonabrotha
Maybe he is John McCain's grandson -
But then he would be investing mostly in MIC stocks.
Bill Gates was a whopping 20 years old when he started microsoft.
Yeah? I was a whopping 13 years of age when I finger-banged my first girlfriend.
How old do you think Bill's clammy keyboard interfaces were when he got all up in that sweet booty?
Guess no one gives a shit. Truth, light, justice, the moon matrix and reptilians. Definitely reptilians.
/sarcjeescomeonguysjustajoke
Bill Gates dropped out of Harvard after two years to build and SELL (imagine that) a product people paid money to own. This kid goes to Georgia State and is a day trader. Big diff.. j/s
Queue the Etrade baby throwing a fit. Or that video of the young adult idiot trader losing his ass from back in 2008 or 2009 range.
is he accepting outside assets for management? i'm sure cref would love to invest.
The kid is trading at least, rather than being an advisor, the cushy safe job.
https://thinkpatriot.wordpress.com/2015/10/02/warning-ideas-are-dangerous/
https://thinkpatriot.wordpress.com/2015/09/28/important-things-are-not-f...
And may or may not be an example of this.
https://thinkpatriot.wordpress.com/2015/10/20/propaganda-example-of-the-...
yes. I think it is a good thing for him. The cold reality in the money system we deal with, if you do not know how to capitalize on the boom and bust cycles, you are the proverbial sitting duck. But then the ducks just sit and since I have been actively trading, the DOW was just under 2000. It is 17000 today. As long as I have been trading, I still as yet have seen a bear market. I think there was one from like 1929-1950 or so, and then 1970-1980 or so, but since then nothing.
Dramatic plunges? sure, lots of those. 20% or greater? I think a couple times. Whatever. But prices just *race* back to the highs. Prices stay down for such a short period of time, you never really have a chance to see price action develop a bottom and really wring out excess.
The bottom line is, if you want to get rich, and I mean very very rich, you buy into hard selling, and sit tight. I wish I had done a lot more of that over the years. I managed to buy the massive selling, and made *some* money, but clearly not enough for the quality of the fills back in the day.
I don't trust you unless you've failed at like 5 things in life. Marriage not being one of them.
Another bull <shit> market "genius".
I would like to subscribe to his newsletter!
I don't have one of those, sorry about that. But if you subscribe and trade off of newsletters I would strongly suggest against that, but what do I know. I'm just a kid who made a typo.
To be fair, short option spreads and long biotech has probably been the optimal strategy the last few years in the casino. Maybe the kid is smart enough to adjust. Doubt it, but maybe
I've already started to adjust. My portfolio is moving more towards deep value and dividend producing stocks. I'm now living on my own so part of the adjustment has been due to the fact that I'm scaling back my overall risk, and the other part has been because of the massive amounts of uncertainty that has been showing up in the market as of late.
DDWJCD..................Dont Do What Jim Cramer Does
With a name like Tyler, he must be an avid reader of Zerohedge (!) ;-)
wait to economic and capitalism start working....you won't know what hit you. Keep taking those happy drugs
Hey Kid! Get a wife and a kid...then you won't expose yourself to ANY risk when you got mouths to feed.
Why would I get a wife and kid before I'm financially capable. That would be stupid and incredibly irresponsible. When I do get married and have a child I will still be able to take risks, just with a smaller percentage of my portfolio.
WTF? I have a fucking cat who's almost as old as Tyler and certainly as smart as Tyler. He's an asian cat, so he excels at math, unlike Tyler, and has never steered me into a bad investment. A bullish 18 y.o. from Ga. with the last name McStain? What could possibly go wrong here??
I guess nobody told the kid that the future in trading is robots and that the old croc's on wal*street are antiquated old leather hides.
Don't throw me in with that lot, thank you very much :)
CREMATE THIS ASSHOLE !
Wonder if Seeking Alpha will be charged when this kids trade recommendations blow up on someone?
His profile says he is a compliance mgr... (which if true, he wouldn't be allowed to write stock recommendations)
It also says he is an 18yr old student... (which seems more plausible based on the photo, but would bring into question how he is shorting options spreads as a minor)
Somewhere, there are (ahem! cough!) "investors" who are studying the kid's stock recommendation article with a lot more scrutiny than they are his profile page. Fools and their money, until their lawyers go after the student or the website (guessing SeekingAlpha owners have deeper pockets than a student?).
I'm a compliance manager for a company that works with importing and exporting gemstones, and has nothing to do with the public markets. That is why I am able to write recommendations.
Doucheface...ESQ.
Millennial taking the car piss test.
Prank call - auto trader car piss take - YouTube
Stoopid PUNKS... ALL of them...
This guy has obviously nevcer been punched in the face... by a black man or hispanic. Don't worry ... he will be.
As they say, a rising tide lifts all boats.
What if you don't have a boat?
which one of you readers here were all in during dot com... bhahahaaa
I was 100% OUT.
Bawwwwhahahahahahahahaha
I want to see global pandemonium! I want to see something fun and interesting to watch!
5 years investing = never seen a recession.
I REALLY trust his investing wisdom...
You're right, I've never seen a recession. Does that really matter? I don't care if I see one in the near future either. If my portfolio is down for a few years while I wait for the markets to move one way or the other, my portfolio is down. There's no point in stressing about it. I've been fortunate to learn investing in a bull market so I haven't experienced any major losses, passed the ones where I stuck my neck out a little too far on a whim... which does happen on occassion. In the event a recession hits I'll just go about buying in the same fashion I do right now and continue collecting assets at a discount rather than the premium they are trading at now.
There is a lot like this on Etoro.
Hey TD, you can go eat a dick. 18 year old undergrad sticks his neck out online while you sorry fucks hide behind your pseudonyms. Where's your IRL profile and headshot? Thought so...
It's lik the tyrrany of the cowardly and impotent on here... What, he's supposed to cut and run because a bunch of reddit rejects typing furiously on Cheetos-covered keyboard in their moms' basements are overwhelemed with career envy? I say good on this kid. Keep fighting the good fight.
an 18 year old has been trading for 18 years?....well f@rk me
Since I'm the kid you decided to attack. Here's the thing you all don't seem to get. I am NOT a day trader. When I trade options spreads I typically go for 3-12 months. When I trade equities I set and forget. I rebalance once a quarter and past that I don't look at my portfolio because it doesn't really matter. If there's a major news event I might adjust positions a bit, but past that it's a once a quarter thing. I use a long term fundamental analysis software for my backtesting and screening purposes, Equities Lab. You see Mr.Durden, I spend my time learning and investing rather than writing an article attempting to tear someone down where you only evidence is a typo made in the biography of a rival news site.
I can't stand HFT firms, and anyone who daytrades as it completely destroys the natural flow of the market.