Words of Rizdom - Trading Podcast

Taking 100’s of Trades a DAY Is EASY - 40 Year Trading Veteran

Oct 20, 2025
Guest
Tom Sosnoff
Tom Sosnoff, a 40+ year trading veteran and co-founder of Thinkorswim and Tastytrade, dives into the art of trading with infectious enthusiasm. He shares his habit of making over 100 trades daily, declaring it a compulsion. Tom debunks the myth of political market insight, emphasizes the importance of CEOs understanding trading, and discusses creating retail-friendly platforms. He advocates for a mechanical trading process, warns about common pitfalls, and stresses the value of consistency and longevity in trading success.
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ANECDOTE

From Studio To Largest Digital Network

  • Tom and his team launched Tasty Trade to replace guess-driven financial media with math-based content.
  • They grew from a small studio to the largest digital financial network by focusing on quantitative education.
INSIGHT

Trading Doesn't Grant Political Edge

  • Politicians trading markets doesn't confer an edge; letting them trade improves understanding.
  • Market outcomes remain unpredictable even with privileged information.
INSIGHT

Faster Learning From Better Tech

  • Technology and better products have dramatically shortened traders' learning curves.
  • Tight bid-ask spreads and customer-friendly products lower barriers to skill acquisition.
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