Replace Your Income with Options Tom Sosnoff’s Journey Creating thinkorswim + tastyworks + tastytrade, Ep #43
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Tom Sosnoff is one of the people that created thinkorswim—the well-known Options trading platform. After college, Tom got a job with a boutique brokerage firm. He went through their training program and ultimately ended up leaving and moving to Chicago, where he’s stayed for 40 years—20 of which were spent working at the Chicago Board Options Exchange.
Tom stood in the same spot on the trading floor for 20 years and he got tired of it. He was a successful trader with a decent-sized firm but wanted to try something different. Tom left the trading floor to build thinkorswim. When he and his partner started thinkorswim, they were one of the first two to build options-centric platforms. What did their journey look like? Find out in this episode of How To Trade It!
You’ll want to hear this episode if you are interested in...
- [0:39] Tom Sosnoff with tastytrade
- [2:49] From the trading floor to thinkorswim
- [5:08] Developing the thinkorswim software
- [6:45] Launching the thinkorswim platform
- [8:16] Check your ego at the door
- [10:08] How to be a successful trader
- [11:40] Premium selling with options/stocks
- [13:52] Founding tastytrade + tastyworks
- [16:41] Tom’s thoughts on Robinhood
Resources & People Mentioned
Connect with Tom Sosnoff
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