27 Replies to “The Ultimate tastyworks Tutorial”

  1. Thank you for this detailed tutorial of Tastyworks. I had no idea how much Tastyworks had to offer. It looks like they have a very advanced trading platform that would not be hard to navigate. This is the type of platform that would get me excited everyday to trade options. I will be sure to sign up for an account. Thank you!

  2. Thanks for such a concise article. I learned so much about the tastyworks platform in this tutorial. I think the individual margin account is the best choice for me since it gives me the flexibility I need. I have one question though. What is the minimum amount I need to open the account?

    Thanks best regards.

    1. Hi,

      There is no minimum to open an account. But if you want to use margin privileges, you will have to deposit at least $2000.

  3. wow what an interesting article we have here. In my opinion, tastyworks is so great for options traders because it was designed by options traders. They know what kind of features we need because they need them as well. 
    I just bookmarked this tutorial if I ever need to come back to it.

    Thanks

  4. Louis, would love you to do the same for the mobile version. I cannot make heads or tails of it!

    1. Louis, thanks for the great tutorial! I too would really like to see a similar tutorial covering their mobile app. Thanks!

  5. Thank you Louis, the tutorial came “just in time” for me. I am using Tastyworks for a few months (with a small “basic” account) but I did not realize the capabilities of the platform, up to now. I am currently studying the tutorial and I feel that I get a lot of important points that I was missing. Thank you again for the quality work that you are doing.

  6. Thank you Louis for your in depth article I have found it very helpful. I wish i had known you were going to offer an incentive to sign up with your referral code before i signed up for an account last week. I would of waited. O well Se La vie! Thanks again!

    1. Hi Jason,
      Thanks for the positive feedback. If you haven’t used any other referral code, you can still take advantage of my offer. It is possible to enter a referral code after you opened an account (as long as you haven’t used someone else’s).

  7. You always say only use 5% of your portfolio per trade, but what does that actually mean when doing a credit spread. Say I have a $2000 account, 5% is $100, so when I sell a put and buy a call, how do I allocate that $100? How much money on each would be 5%? I know recently you said 10% would be ok for small accounts, but I will use 5% for this example. Thanks for the great information on this website!

    1. Hi Steve,
      Thanks for your question. 5% is definitely better than 10%. With this number, I refer to the total risk of your position. So if you want to trade a credit spread in a $2000 account, I don’t recommend risking more than $100 on a single credit spread.
      I hope this answers your question. Otherwise, let me know.

  8. Hello,
    I really enjoyed your article. I found it to be very informative. I sometimes have issues with my vision do you know if the color of text color or contrast can be changed on the Tastyworks platform.
    Mike

    1. Hi Mike,
      Thanks for the comment. As of right now, you can’t directly change the font color or contrast. But they recently added an option that allows you to change the display/font size. To change this, you have to open the settings menu, go to the General tab, and at the bottom you can adjust the zoom level. Increasing this might help with visibility.

      1. Thanks,
        I have macular degeneration so contrast is an issue. I’ll just have to stare harder and squint. Perhaps increase the font size just a bit. That may help. I’m sure once I become familiar with the platform it won’t be much of an issue it’s just that right now I have to hunt for everything and the light Brown text is just a not showing up on the black background.
        Mike

        1. Hi Mike,
          I can totally understand. The platform certainly can use some improvement in this area. I think (and hope) that they will release contrast options in the near future.

  9. Thanks for publishing this comprehensive review of the tastyworks platform Louis. I have been using it for a few months now but this article has opened my eyes to a number of previously unknown features, shortcuts and answered a number of questions I had on certain areas. Cheers, Des

  10. Very nice write up. please can you tell me if you have a web platform in tastyworks, can you open a desk top platform and still have the existing trades in place. I have been with them for a few months now, but have lost ,money because I cant understand the web platform , ie profit loss on it, it does not show. when you are in profit, or at least I cant find it. thank you.

    1. Hi Charles,
      I am not entirely sure whether or not I understand your question. tastyworks has both a web and downloadable desktop platform. If you have the option to use the desktop platform, I recommend using it since it is easier to use (in my opinion) and has more features.
      But the web platform also shows you the P&L of your positions. You just have to navigate to the portfolio tab and look at the right column.

  11. OI LOUIS ! PARA EU ABRI A CONTA PRECISO PASSAR POR VOÇÊ. É COMO SE FOSSE BROKER. AO ENVIAR DINHEIRO É DIRETO PARA A PLATAFORMA TASTYWORKS, COMO MINHA CORRETORA.OBRIGADO, POIS GOSTEI MUITO AO LER ESSAS INFORMAÇÕES.

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