Are You an Active or Passive Investor? with Tom Sosnoff of tastytrade

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Today we're talking to the top options trading expert in the world, Tom Sosnoff!

Tom is the Founder and co-CEO of tastytrade and Founder of thinkorswim.

Tom was one of the first people to realize that every day people would one day be trading by the millions. 

He revolutionized how people trade, and is a champion of people being active, not passive, in their trading. 

In this one of a kind episode with one of our heroes in the finance world, David Mitchell and Tom Sosnoff cover...

Why certain people rise to the top as investors, and what they do differently

One of Tom's most important takeaways about investing (that most people completely miss)

What's changed about the stock market in the last 50 years

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Want a FREE ticket to our Virtual Word on Investing Summit?

Get access to the 3-day value packed summit (April 22nd-24th, 2021) with speakers like...

Tom Sosnoff (tastytrade)
Sharon Lechter (Rich Dad, Poor Dad)
David Mitchell (TRADEway)
Dr. Myron Golden (Best-selling author/business coach)
Joe Johnson (Oxlos)
Tommy Thornburgh (Prime Corporate Services)

And many more!

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Cr puts can be abused... Don't over leverage... You only own the top 1-2%. Everything and every sector can move against you all at once. And no spread rolling will help with out a direction reversal... You put up $100; expect to lose it! Options are 50/50. With management maybe 40/60... You own nothing when you lose $100 with an option. And if you want another chance to earn, you have to give $100 again! Imagine an arcade.

Tasytrade teaches that you only expect to make 15% return if you master their ways. Risk $1, 000 to make $150. And I don't think that return includes $50 in commissions for one spread every two weeks.

Selling cr puts helps but it is not a smooth road.

Paper trade for 6 months... Beginners will probably make more that way. Unless they want to pay $600 for their education.

Cleszczar