TT
Trane Technologies plc
stock NYSE

can someone simplify this entire reddit thread to a dummy? i tried reading the responses but it's full of trading jargons TT

I thought Tom Sosnoff owns TT

Completely out of the loop as well. I literally saw TT and Tom a couple weeks ago during their live shows.

I think you’re misunderstanding what “ blown up” means in the context of that stat and also misrepresenting the style of trading.
sixteen percent is actually very low compared to most retail brokers where the numbers are closer to like fifty percent or more when people YOLO calls and puts. That is the whole reason TT pushes defined risk spreads , small position sizing, and managing at fifty percent winners. Selling premium with a plan and proper mechanics gives you a statistical edge. It is not a guarantee but it is an edge compared to buying lotto options.
Spreads like iron condors or strangles are not account killers by themselves. The real problem comes when traders size too big or refuse to manage risk. the platform and content repeat the same thing over and over which is trade small and trade often to avoid that. Covered calls and single puts are not automatically safer. If someone goes all in and refuses to manage, they can blow up just as fast.
Convex trades sound nice in theory but that edge only exists if you are consistently right on direction and timing. The data shows most traders are not. premium selling flips the math in your favor because you are playing probabilities instead of chasing lotto tickets
The reality is options are risky if you treat them like a casino. The structure TT teaches with defined risk, probabilities, managing losers, and trading frequently in small size is one of the few systematic approaches.

Yeah I agree with TT having a rabid following. I remember a while ago I said something on Twitter about getting blindsided by the $5 per leg assignment fee after a few XSP butterflies settled. Bat replied to me and it caused a bunch of people to angry tweet at me.
To their credit they do provide a decent basic option education in their videos. Mike and his whiteboard is still good stuff for someone wanting to learn about basic option strategy.
But yeah they over trivialize trading on their show. Just putting on trades that viewers suggest based on vibes just tells people that anyone can do this. Dangerous stuff. And their motto just serves to pay the brokerage. Trade small. Trade often. At $1 per leg.

Yeah I don’t even trade exclusively in options, but for swing trading that occasionally needs to use options for capital efficiency I’d much rather use TT than another platform. I wish it was a little easier to buy stock flat out without having to go into the grid, but it’s not like I’m scalping so speed isn’t really an issue. When I do need to use an options strategy they are just no hassle to set up, and much easier to manage.

I didnt realize this was a sub about gatekeeping options strategies for beginners and reading into things that dont really matter. What is the use in overanalyzing the schwab or TT buyout, or the Toms departure several years after? It doesnt really matter who likes him or not, he has fuck-you money and is moving on and thats all the public needs to really know.

tbh the blow up rate seems extremely low compared to the 70-90% stat of retail traders lose money, and very unlikely to be the reason.
selling high volatility with mean reversion is an edge. whether or not you buy or sell, play directional or delta neutral, or fucking punt for lottery tickets, the market will accommodate all and doesnt give two shits

wow lol , TT is the best option platfrom I have ever used becasue its so easy to set up the spreadsc using dragging and dropping and movong thes trikes around using the mouse , I can see the probablilities and quickly execute and set up brackets/ triggers for taking prfit and stops . I don't understand why you think it is shit? Leads me to suspect you don't know how to use it. I'd go as far as to say TT is the best platfrom to allow tarders avoid huge losses.

TT is a sub par platform. i don't understand the hype. it was probably due to their youtube videos and studies. but the platform is siht.

Didn't he also say a similar percentage of TT users beat the S&P?
Personally, if you read any options literature, you know it's dangerous. You can start with something safe like CCs, but I can't help but think it's normal to blow up your account at least once before getting the hang of anything more complex than CCs.
I've 'blown up my account' a few times. But they are paper or tiny test accounts and represent <0.1% of my total port value.

i did think the “good bye” email was a lil sus but could be a nothing burger. my theory is a huge overhaul and rebrand to cater to gen z’s. TT video formats are pretty outdated.

All TT has been doing is marketing for entry level folks to do small trades over time which make them money in terms of commissions.

What are TT accounts?

Tom Sosnoff discloses 16% of TT accounts blow up, and now he is gone

TOS is great but tasty trade is so options oriented it gives you a ton of good info out of the box. However their commissions can be high and there was a post this week about how TT has higher margin requirements than interactive brokers and Schwab.
🤷‍♂️

Simpler and easy is tastytrade. You can get top level options easily, and they have a lot of training.
More powerful and complete is Thinkorswim from Schwab. While more complicated and harder to learn it has a lot more features.
If you're just playing around then TT will be fine, but if you want to be more serious to make trading options a side income then TOS has all you need and will be well worth the effort to learn.
Both support margin accounts.
I've used TOS for more than 10 years and have done very well with it and trading in general. The income helped me retire early and has given me a lot of freedom.

Broadcom (AVGO), Oracle (ORCL) and Trane (TT)