4d (edited) • General
Tom Sosnoff: Inside the Mind of a Trading Legend | | Full Episode
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🎯 Tom Sosnoff: Inside the Mind of a Trading Legend
Discover the trading insights from Tom Sosnoff, founder of Thinkorswim and Tastytrade, as he discusses 43 years of floor trading experience. From options trading fundamentals to market psychology, Tom breaks down the decision-making frameworks that separate legendary traders from the rest. Whether you're interested in volatility strategies, risk management, or understanding how institutional traders think, this episode delivers actionable wisdom.
Chapters:
00:00 – Intro: The In The Money Podcast
00:36 – Who is Tom Sosnoff?
03:31 – The Beret Story: Why he stopped wearing it after 25 years
04:13 – Tom's early life & political science background
05:30 – Becoming a CBOE floor trader
09:04 – How floor traders really think
10:53 – Active vs. Passive investing
13:30 – Decision-making, speed & probabilistic thinking
16:40 – Building Thinkorswim & Tastytrade
27:30 – Why Tasty content stood out globally?
30:55 – Is university still valuable in the age of AI?
34:21 – The biggest misconception about markets
37:38 – Dealing with tail events & risk
38:51 – Systematic trading vs intuition
40:28 – Two-standard-deviation mindset
41:39 – What Tom looks for beyond implied volatility
42:27 – On open interest, skew & price extremes
43:30 – His candid views on trend-following
45:10 – Diversification & uncorrelated assets
46:11 – Is scalping intuitive? (43 years of experience)
52:38 – Automation, APIs & the reality of retail execution
57:45 – Jane Street, regulation & Indian markets
01:01:48 – The rise of zero-DTE & systemic risk debate
01:06:50 – Tom's daily routine & work ethic
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Tom Sosnoff: Inside the Mind of a Trading Legend | | Full Episode
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