27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
StockTwits is a real-time financial communication and media network. The firm recently entered the brokerage business with a commission-free trading platform, Trade App.
CEO Ian Rosen spoke about democratizing investing for investors of all skill levels Nov. 19 at the Benzinga Global Fintech Awards.
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The website's community of over 2 million members come to the platform for enjoyment and education, he said.
“This is the place to celebrate the wins, commiserate the losses and learn from each other.”
After observing a lack of meaningful and simple solutions for executing trades, StockTwits developed a trading app, Rosen said.
"We [saw] companies that were basically giving extremely sophisticated tools for free, to anyone, and not really giving any education on how to use them," he said. “It’s the equivalent of handing a flamethrower to an 8-year-old.”
Investors can easily execute on valuable insights shared within the StockTwits community, the CEO said.
The following is included in the Trade App:
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- Social networking and sharing of trade ideas
- Visual learning through Tradecasting feature
- Commission-free and fractional trading
Trade App Going Forward: Learn, Evolve, Contribute
Rosen said offering a free medium for investors to execute on exchanged ideas increases awareness and market participation.
“Buying and selling stocks should not involve a transaction fee, because that limits your ability to learn things. [This] is how we, or other companies, can engage the community.”
StockTwits is aiming to improve upon its content through an emphasis on engagement, Rosen said.
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Benzinga CEO Jason Raznick, left, and StockTwits CEO Ian Rosen onstage at the Benzinga Global Fintech Awards Nov. 19 in New York City. Photo by Mandar Parab.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.