Grateful to Be Associated with Good People

Tom Gentile

Posted in
Newsletter

By: Tom Gentile
June 5th, 2024

7 mins read

Originally published via our newsletter previously. Subscribe for early access!

I have been an options trader for more years than I haven’t. That means over half my life. I currently have my own options education and software company called Toms Trading Room, LLC. The company I co-owned prior to this is Optionetics.

I love to trade options and I love being an educator helping empower others to learn how to do this. When people share their experience and what they have been able to accomplish in their life and the things they are able to do with their earnings and the people they have been able to help due to our education and software is extremely rewarding.

It is this last part, helping empower others that I need to offer this: I couldn’t have done it without the collaboration and teamwork and the associations I have been blessed to be a part of. It is that for which I am most grateful.

I have been fortunate to have met and worked with others that share in that same goal of helping empower others and one that I want to mention here is near and dear to me and that is our resident Charted Market Technician (CMT), Clare White.

On a professional level she is one of the best in the industry. She has been kind to be a part of Toms Trading Room, LLC writing for me and my student/subscribers at least twice a month for almost a decade.

She is at the point now where she is ready to ride off into the sunset and pursue the rest of her life enjoying time with her husband, family, and friends.

She has been a true pro over this great length of time with my companies, but add to that she is a class act, caring individual, and a friend.

I wish you the best Clare and THANK YOU for all your years teaming up with me and helping educate and inspire so many!

Tom Gentile
C1P: Chief 1-Percenter


Markets in Focus — SPY – SPDR S&P 500 ETF Trust

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Even though the markets are peeling back from their recent highs, there are still a group of stocks making 52-week highs.  Here are the 7 my tools are showing at the time of this writing.

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From the Desk of a CMT – Challenging Exit

Behind the scenes I include the date and article number before sending it to Jay and am hitting number 175 on this one. I thought I had been doing this series for a few years but was surprised to look back and see 2017. Time flies when you get to work with a great team, but it is time for me to step away.

Every now and then I reflect on the group and why I feel so fortunate to be connected with them. I go way back interacting with the people and products produced associated with Tom’s Trading Room.

  • Found Options Analysis in the late 1990’s – a favorite tool 
  • Learned about Optionetics from Mitch Genser around 2000
  • Joined the Optionetics team in 2003 and stayed through 2013 (500+ articles then)
  • Celebrated when Tom reclaimed Optionetics assets and renewed the culture he created

I was so, so happy the day I spoke with Tom about that last item. What had been created over all those years wasn’t a product or products, it was a culture that did all it could for customer success while caring about its employees (and contractors like me). I wanted to be a part of it again.

I’ve told this one a few times, but it set the tone for my Tom experience many years ago. In 2003 I was working for Schwab in San Francisco while my husband was still in Denver. I joined the Optionetics team as a contractor and was initially going to be on the road. I let Tom know I had just spent 13 months working in a different city from my husband and asked if there was any way I could be more focused on content. He immediately pivoted and allowed me to work from home which started a wonderful 10-year life stretch for me. I’ve told the story from a trader skill standpoint, Tom’s ability to change views quickly, but it also speaks to his priorities – people. I am so thankful to Tom for that day and both stints with the teams he’s created.

Towards the end of my time at Optionetics, after Schwab had purchased many Optionetics assets, I was part of the Live Trade rotation.

On one of my scheduled days, I learned of a layoff at the home office that included a Live Trade colleague. Later that day, I got a call about the death of a family member in a car accident. Despite being laid off, Chris Birk stepped up and offered to take my session that evening. I didn’t know Chris very well before but was blown away by his character that day and am eternally grateful to him for that act. Again, it speaks to the culture of the organization.

And in recent years, there’s Jay. We didn’t know each well during the Optionetics years, but man did I get lucky to have a second opportunity to work with him. Jay is incredibly humble, supportive, and uplifting. I would discipline myself to stick with the professional side of his attributes, but since this is my sign-off and a tribute to culture, I’m sticking with my gut. 

My normal rhythm is to focus on the markets in the morning, go to work for a heavy civil contractor (more than a 9 to 5 gig), then on a couple of Tuesdays a month, I author these articles. I wanted to stay more formally connected to the markets but there were some long days, for sure. Regardless, I knew the next day I would wake up to the nicest and most positive message from Jay making it worth it and beyond. Never underestimate the power of nice – it is something I value immensely. 

In 2021 I was pretty beaten down by some politics at my regular gig and I can honestly say that Jay’s messages got me through it. I don’t play certain games and prefer to lift myself up then put others down, so his messages truly made a difference. He is so grounded in the important things in life, and it grounded me. Fortunately, things shifted back in 2022, but Jay was the colleague who got me though the storm. There’s a theme, once again I was so grateful to be connected to this group of people.

So please know you are in good hands.

Of course, I didn’t write these articles just to be connected to the markets. I am a huge fan of the retail trader and have met so many customers along the way that I am simply cheering for. I am not as natural and gifted a trader as Tom and hope my mistakes and what I’ve learned help you during your pursuit of market success.

Keep things simple.

  • Know who you are as a trader and find the strategies that align with your style.
  • Don’t go too big – allocate your money over different positions rather than trying to hit home runs.
  • Identify exit points using tools, dates (with options or events, such as earnings) and specific prices.
  • Find a way to let your profits run – I’m still working on that one because it matters.
  • Execute – find the methods for entries and exits that force you into good habits. When following your rules becomes more important than a loss or gain you can fine tune things for success.

Also, 

  • Be prepared to pivot.
  • Keep learning, the markets change.

Thank you all for this opportunity and, Tom & Jay, I am eternally grateful.

Regards, Clare White, CMT


Thank you for everything, Clare!

Tom Gentile
C1P: Chief 1-Percenter

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