Tom Sosnoff: Inside the Mind of a Trading Legend | | Full Episode
Video link: https://www.youtube.com/watch?v=jstOWsWvbAU&t=2717s ๐ฏ 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 โ Intro: The In The Money Podcast 00:36 โ Who is Tom Sosnoff? 03:31 โ The Beret Story: Why he stopped wearing it after 25 years 04:13 โ Tom's early life & political science background 05:30 โ Becoming a CBOE floor trader 09:04 โ How floor traders really think 10:53 โ Active vs. Passive investing 13:30 โ Decision-making, speed & probabilistic thinking 16:40 โ Building Thinkorswim & Tastytrade 27:30 โ Why Tasty content stood out globally? 30:55 โ Is university still valuable in the age of AI? 34:21 โ The biggest misconception about markets 37:38 โ Dealing with tail events & risk 38:51 โ Systematic trading vs intuition 40:28 โ Two-standard-deviation mindset 41:39 โ What Tom looks for beyond implied volatility 42:27 โ On open interest, skew & price extremes 43:30 โ His candid views on trend-following 45:10 โ Diversification & uncorrelated assets 46:11 โ Is scalping intuitive? (43 years of experience) 52:38 โ Automation, APIs & the reality of retail execution 57:45 โ Jane Street, regulation & Indian markets 01:01:48 โ The rise of zero-DTE & systemic risk debate 01:06:50 โ Tom's daily routine & work ethic