Options trading strategies & market experiences · Tom Sosnoff of tastytrade



EP 087: Tom Sosnoff speaks on life experiences, trading options, and reaching your potential This week on the podcast, I spoke with Tom Sosnoff, who many of you will already know—he’s pretty close to a household name name in this industry. But if you don’t… Tom was a floor trader at the CBOE for 20 years, later going on to co-found thinkorswim—a widely popular online brokerage. In 2009, thinkorswim was sold to TD Ameritrade for approximately $606M, and Tom left the company shortly after to start financial news show, tastytrade. In this episode we hit on; the issue with being too risk adverse in markets and in life, Tom’s extensive trading career, plenty of talk about options, the value of intellectually challenging ourselves (with respect to finance), and more. - - - - - - LINKS - - - - - - · More interviews: https://chatwithtraders.com · Free resources: https://chatwithtraders.com/resources · Sponsored by Technician: http://technicianapp.com/ · Twitter: https://twitter.com/chatwithtraders · Facebook: http://facebook.com/chatwithtraders · Instagram: https://instagram.com/chatwithtraders_ · Soundcloud: https://soundcloud.com/chat-with-traders · Stitcher: http://www.stitcher.com/podcast/chat-with-traders

Comments

  1. very interesting interview!!
  2. Does anyone honestly make good ROI via any of the tastytrade strategies? (as in over 100% per year consistently? )
    tastytrade studies all seem good on paper, but there are so many variables which can all be manipulated slightly and in turn, drastically affect the bottom line in a study
    There are many business models that can easily produce 1-2% per week ROI.
    How do you guys justify not only putting time into this but also taking on the possibility of negative ROI some months, for such a small overall ROI?
  3. Market is random? If so, how can DowJones went from 1,000 to 19,200?
  4. Tom Sosnoff is awesome! Yes, his style of trading is very different then most technical analysis traders. However, we can all learn a lot by studying Tom's methods of options premium-selling. And all the valuable information he gives out at tastytrade is absolutely free!
  5. I enjoyed the interview, but he is wrong when he basically says traders can't get an edge through TA or FA (perhaps jealous because he can't?). The fact thousands of people consistently make money month after month, year after year, proves that. The probability that they're ALL just lucky is so absurd to be essentially impossible. To say that markets are "priced perfectly", is to say market participants (humans) are perfect, objective, emotionless, and all have every piece of relevant knowledge about all correlated markets. Also, it would mean prices would not move until new relevant information comes to hand. Obviously absurd.
  6. I guess I'm an outlier for five years. Oh well, I can live with that. However, he does have a point about doing it yourself and learning the ropes. And, there are a few things he does that I do. But, I'm not prepared to disclose that.
  7. Tom is pretty damn stubborn. I know lots of traders who have made money directionally. But are we all going to ignore 23:11 where he says we have to trade options naked?!? I work in an office! I have to wear a suit. Trading options naked is just not an... option... for me.
  8. Great information...I agree about the psychology aspect being way over blown.
  9. Sounds like a broker pushing a customer to makes lots of trades to me.
  10. I've learned so much from Tom and the team. #tastytrade
  11. cant get the ebooks
  12. Good interview that cuts through all the garbage in trading to the truth that no one wants to admit. It's simple common sense, learn the mechanics of selling overpriced fear (sell option premium) Understand volatility (which is mean reverting) this is the key to success in selling/trading options.
  13. Hey Aaron you should get Tom Bulkowski on the show. He's written a couple of books on Technical Analysis and retired at the age 36. One his most important books is the Encyclopedia of Chart Patterns.
  14. This podcast is a joke
  15. Tom is spot on. Cool and smart.
  16. Wow, I'm not even a millionaire and I make money trading as a part time trader lol... It takes lots of work but it's pretty stupid to say nobody makes money in the market.. I hope to meet Tom one day..
  17. Options trading is a whole different game. You must be strategic and make sure the probabilities and statistics are on your side. Now I would like to know what Tom thinks about trading futures since he disagree with making money any other way besides options trading.and I know he trades futures.
  18. Didn't agree with everything he said but it was a great interview.
  19. tom when will you have a branch in NY or Jersey??


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