About this episode
If you enjoy these conversations, please follow the podcast and leave a rating on Spotify. It helps us reach more traders and continue bringing you the best guests in the industry.____________________________________Join The Chart Fanatics FREE Discord Community for Exclusive Discounts, Giveaways, Live Events & More ? https://discord.gg/chartfanatics____________________________________SUBSCRIBE to Chart Fanatics Live NOW ? https://www.youtube.com/@chartfanaticslive?sub_confirmation=1____________________________________SUBSCRIBE NOW & Like this video to help us continue to bring the best verified traders in the world. turn on notifications to never miss a new video, we post new episodes EVERY Thursday 3pm GMT/ 10am EST with verified traders.____________________________________Use Code "PFT" for the BEST Discounts on ALL Prop Firms Listed ? https://propfirmtrader.com/ Use Code "RIZ" for 20% OFF ALL Challenges ? https://link.alpha-futures.com/k9V5AzUse the Best Trading Journal Use Code “RIZ10” for 10% Off or Code “WOR” for 20% off ? https://refer.tradezella.com/rizUse Code "RIZ" for 20% OFF ALL Challenges ? https://link.alphacapitalgroup.uk/eq7m8XJoin the Market Journal community for weekly direct market insights for FREE ? https://www.market-journal.comFree Telegram Community! ?? https://t.me/pocketsofrizdom____________________________________Connect with our guests:https://www.linkedin.com/in/tom-sosnoff-047627293https://youtube.com/@tastyliveshow____________________________________On this episode of the Words of Rizdom podcast we are joined by Tom Sosnoff. Tom is an entrepreneur, options trader, co-founder of Thinkorswim and Tastytrade and exited both for over a $1 billion. In this podcast we discuss the major pitfalls of retail traders, the advancement of trading technology and how "easy" it is for traders these days to become profitable and what is takes to built a billion dollar company. I hope you guys enjoy this incredible episode!____________________________________Connect with Words of Rizdom: https://instagram.com/wordsofrizdomhttps://x.com/wordsofrizdom https://www.instagram.com/realriziqbal___________________________________ 00:00 Introduction to Tom Sosnoff08:40 Innovating for Retail Traders13:00 From Trading Floor to Fintech Tools17:40 Building Tastytrade: Financial Media Revolution22:10 Passion, Challenges, and Trading Performance27:10 Changing Barriers, Learning, and Taking Risks33:00 Active Trading vs Passive38:30 Risk, Mechanical Edge, and Law of Large Numbers44:00 Size, Risk, and Portfolio Management50:00 The Truth About Edge in the Markets55:10 Setting Realistic Goals in Trading01:01:30 Consisten
