CHATROOM

TIMradio #3: Tom Sosnoff, Founder of Online Broker Thinkorswim

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As I sit here waiting for the near-inevitable crack in VRML’s stock price, I thought I’d offer up a podcast for your listening and learning pleasure: You’ve all heard me talk about how much I love and recommend Thinkorswim as a broker–not only do they have the best customer service/software, but they have solid borrows through Penson and most importantly, the people at the company actually try to help customers instead of ripping them off. Maybe that’s why there’s a Chicago-based firm, not NYC.

So for TIMradio podcast #3, I was fortunate to have a fine little chat with the man behind the curtain, Thinkorswim‘s founder himself, Tom Sosnoff. Besides being a legendary options trader and frequent industry speaker, he’s one hell of a laidback / good guy…one of the few out there…so I hope I can still be like him when I’m that rich! Somehow I think all that power and money will go to my head…we’ll see.

Interview with ThinkorSwim Founder Tom Sosnoff

PS You’ll hear me say this is the first TIMradio, well, it turned out to be #3, but it’s still #1 in my heart :)

Posted in Podcasts, Real Wall Streeters, TIMradio

  • http://www.test.timothysykes.com/2008/05/09/1036/ | TIM – Timothy Sykes

    [...] VRML about to crack $3.40, could take 20 minutes or so, enough time to listen to the latest TIMradio podcast with Thinkorswim founder / industry badass Tom Sosnoff! [...]

  • http://www.test.timothysykes.com/2008/05/09/1036/ | TIM – Timothy Sykes

    [...] VRML about to crack $3.40, could take 20 minutes or so, enough time to listen to the latest TIMradio podcast with Thinkorswim founder / industry badass Tom Sosnoff! [...]

  • http://www.getflashmedia.com ivegotstylekid

    great interview, this guy has some pretty cool trade stories and seems extremely nice. good job

  • http://www.getflashmedia.com ivegotstylekid

    great interview, this guy has some pretty cool trade stories and seems extremely nice. good job

  • http://www.test.timothysykes.com timothysykes

    yahhhh he’s bigtime and chill, great great guy

  • http://www.test.timothysykes.com timothysykes

    yahhhh he’s bigtime and chill, great great guy

  • http://www.test.timothysykes.com timothysykes

    Awwww yeah 40 cent drop in VRML!!!!

  • http://www.test.timothysykes.com timothysykes

    Awwww yeah 40 cent drop in VRML!!!!

  • Bob (VC)

    VRML Hell yeah!!! Tim you are the man!!!

  • Bob (VC)

    VRML Hell yeah!!! Tim you are the man!!!

  • JensGould

    how sweet it is

  • JensGould

    how sweet it is

  • http://www.covestor.com/mbr/bnbien Ben_Bien

    Nice, I’ll be sure to listen to this when I get home.

  • http://www.covestor.com/mbr/bnbien Ben_Bien

    Nice, I’ll be sure to listen to this when I get home.

  • Mark

    Wasted 3 days trying over and over and over to short VRML again…even starting at 6:00 AM this morning with no success. You people in VRML consider yourself fortunate.

  • Mark

    Wasted 3 days trying over and over and over to short VRML again…even starting at 6:00 AM this morning with no success. You people in VRML consider yourself fortunate.

  • bdog9seclx

    when r u covering tim? thinking it might hit stop losses at 3 u holding over night? this is the first time ive seen u greedy in a while i figured u woulda pulled the trigger by now whats up?

  • bdog9seclx

    when r u covering tim? thinking it might hit stop losses at 3 u holding over night? this is the first time ive seen u greedy in a while i figured u woulda pulled the trigger by now whats up?

  • bdog9seclx

    can anyone tell me the order that dropped it .40? sykes hater whats up u dont get 15% gains in 1 day do you. yeaaa up 2500 on my 14k position gotta take the profits 2k is 2k…today was a good day i didnt even have to use my AK

  • bdog9seclx

    can anyone tell me the order that dropped it .40? sykes hater whats up u dont get 15% gains in 1 day do you. yeaaa up 2500 on my 14k position gotta take the profits 2k is 2k…today was a good day i didnt even have to use my AK

  • Bob (VC)

    Mark, you didn’t hear what happened to me on Tuesday- I had an existing limit order, and when I went to change the price, TDA canceled it, and wouldn’t let me back in!! Then, I screwed up yesterday and ended up losing $170.. Now it’s my turn!

  • Bob (VC)

    Mark, you didn’t hear what happened to me on Tuesday- I had an existing limit order, and when I went to change the price, TDA canceled it, and wouldn’t let me back in!! Then, I screwed up yesterday and ended up losing $170.. Now it’s my turn!

  • http://www.test.timothysykes.com timothysykes

    this is a great gain for little TIM, closer to the key 25k level….not gonna risk a fluffy PR/illiquid stock spike–this is not greed at all–greed would’ve been taking my 30 cents the first day i shorted it at 3.45…this was patience paying off…it was an ideal trade, no matter if the stock goes lower, i take my 20% and move on, don’t have the capital to take longer term positions

  • http://www.test.timothysykes.com timothysykes

    this is a great gain for little TIM, closer to the key 25k level….not gonna risk a fluffy PR/illiquid stock spike–this is not greed at all–greed would’ve been taking my 30 cents the first day i shorted it at 3.45…this was patience paying off…it was an ideal trade, no matter if the stock goes lower, i take my 20% and move on, don’t have the capital to take longer term positions

  • http://www.test.timothysykes.com timothysykes

    Ps there was no big order that took out 3.40 just a small one that broke the wall, then 3.25, then 3.05 then 3.02–its called stop loss surfing and its damn fun!

  • http://www.test.timothysykes.com timothysykes

    Ps there was no big order that took out 3.40 just a small one that broke the wall, then 3.25, then 3.05 then 3.02–its called stop loss surfing and its damn fun!

  • Davey

    Nice job Tim! That’s probably your best example of a supernova/pennystocking. At least the best that you’ve profited from.

  • Davey

    Nice job Tim! That’s probably your best example of a supernova/pennystocking. At least the best that you’ve profited from.

  • bdog9seclx

    Thats what i was saying lately here u have been cautious and just taking smaller profits rather that risking it…but obviously u knew this POS was gonna fall hard..good to see you with the patience..trust me it rubs off on us

  • bdog9seclx

    Thats what i was saying lately here u have been cautious and just taking smaller profits rather that risking it…but obviously u knew this POS was gonna fall hard..good to see you with the patience..trust me it rubs off on us

  • YngvaiMalmsteve

    Nice work to you guys who made a profit on VRML

  • YngvaiMalmsteve

    Nice work to you guys who made a profit on VRML

  • Mark

    Congradulations Timothy! We’re pulling for you.

  • Mark

    Congradulations Timothy! We’re pulling for you.

  • Bob

    vrml should continue a down with a nice gap on mon eh?? At least thats the odds. Short into a pm fade for a prob gap down on the third down day? Looks like if it brks 3 than 2.90 it will be in the crapper

  • Bob

    vrml should continue a down with a nice gap on mon eh?? At least thats the odds. Short into a pm fade for a prob gap down on the third down day? Looks like if it brks 3 than 2.90 it will be in the crapper

  • http://www.test.timothysykes.com timothysykes

    can never tell how far its gonna drop–stop loss orders went off, no more, could easily drop again, but it wont be stop loss selling aka much less predictable

  • http://www.test.timothysykes.com timothysykes

    can never tell how far its gonna drop–stop loss orders went off, no more, could easily drop again, but it wont be stop loss selling aka much less predictable

  • Bob

    the ArCA guy just adjusted his stop loss to 2.99

  • Bob

    the ArCA guy just adjusted his stop loss to 2.99

  • Bob

    it going to take out 3 today in 2 minutes

  • Bob

    it going to take out 3 today in 2 minutes

  • Bob (VC)

    Didn’t want to hold for the weekend! 633 shares in at 3.70 out at 3.05. $392 after commissions. After yesterday’s screwup $222. No matter how you look at it- it’s been a good day! Glad I could finally join in the excitement!

  • Bob (VC)

    Didn’t want to hold for the weekend! 633 shares in at 3.70 out at 3.05. $392 after commissions. After yesterday’s screwup $222. No matter how you look at it- it’s been a good day! Glad I could finally join in the excitement!

  • JensGould

    5 million share dump of lgdi AH what the fuck!

  • JensGould

    5 million share dump of lgdi AH what the fuck!

  • Bob

    who’s going to buy this POS on mon no one. It did hit a low of 2.99. Also its a descending triangle today that may have broken support at 3.25 ish

  • Bob

    who’s going to buy this POS on mon no one. It did hit a low of 2.99. Also its a descending triangle today that may have broken support at 3.25 ish

  • novalis78

    next week, it’s lgdi’s turn :-)

  • novalis78

    next week, it’s lgdi’s turn :-)

  • http://www.christophercianci.com Christopher Cianci

    Great interview – love the stories

  • http://www.christophercianci.com Christopher Cianci

    Great interview – love the stories

  • JensGould

    oops too many 0′s 500k dump still weird

  • JensGould

    oops too many 0′s 500k dump still weird

  • Bob (VC)

    Hey, a big congrats to Davey- the first to 100 Tim bucks!! I nominate him to buy us all a Tim beer!! :)

    Tim, this shit is blowing up.. This site gets bigger every day! Look, you even got a 2nd Bob!!

    Yeah, I’m in a good mood..

  • Bob (VC)

    Hey, a big congrats to Davey- the first to 100 Tim bucks!! I nominate him to buy us all a Tim beer!! :)

    Tim, this shit is blowing up.. This site gets bigger every day! Look, you even got a 2nd Bob!!

    Yeah, I’m in a good mood..

  • chris

    Any thoughts on CENT? Looking good to me

  • chris

    Any thoughts on CENT? Looking good to me

  • JMonie

    Tim, Awesome interview – I thoroughly enjoyed it

  • JMonie

    Tim, Awesome interview – I thoroughly enjoyed it

  • Bubba Wants To Know

    Is this Tom related to Martin of Forbes? And if so, how so. Bubba’s just curious.

  • Bubba Wants To Know

    Is this Tom related to Martin of Forbes? And if so, how so. Bubba’s just curious.

  • codyhof

    Curious about some of the locals to this site, what did you profit on VRML? If you played it at all of course.
    Tony ellis, bob, jj, the rest of the guys?

    I have sat on the sidelines for some time now and this play has made me a true believer.

  • codyhof

    Curious about some of the locals to this site, what did you profit on VRML? If you played it at all of course.
    Tony ellis, bob, jj, the rest of the guys?

    I have sat on the sidelines for some time now and this play has made me a true believer.

  • Al

    Tim,

    Your thoughts on RHD

  • Al

    Tim,

    Your thoughts on RHD

  • YngvaiMalmsteve

    Al, RHD is an earnings move

  • YngvaiMalmsteve

    Al, RHD is an earnings move

  • Al

    Yes I know it is against “Tim rules” to short it. I read the book and have the DVD. BUT, with the down grade and the resent news is it a good short. By the way I broke the rule today and shorted RHD at 7.70 and still holding it.

  • Al

    Yes I know it is against “Tim rules” to short it. I read the book and have the DVD. BUT, with the down grade and the resent news is it a good short. By the way I broke the rule today and shorted RHD at 7.70 and still holding it.

  • http://www.test.timothysykes.com timothysykes

    avoid RHD, its a real company, downgrade, recent news all unpredictable, too many players with varying expectations…u can def. make $ breaking the rules, just as easy as u can lose it–u have no edge. stop trying to think, just focus on VRML-type plays and your odds go way up

  • http://www.test.timothysykes.com timothysykes

    avoid RHD, its a real company, downgrade, recent news all unpredictable, too many players with varying expectations…u can def. make $ breaking the rules, just as easy as u can lose it–u have no edge. stop trying to think, just focus on VRML-type plays and your odds go way up

  • http://www.stockpursuit.com Mark P

    SWIM looks real cheap here after this panic. the brokerage segment is going for like 5 times sales.

  • http://www.stockpursuit.com Mark P

    SWIM looks real cheap here after this panic. the brokerage segment is going for like 5 times sales.

  • http://www.stockpursuit.com Mark P

    any thoughts?

  • http://www.stockpursuit.com Mark P

    any thoughts?

  • http://www.test.timothysykes.com timothysykes

    never buy falling knives, always another shoe to drop

  • http://www.test.timothysykes.com timothysykes

    never buy falling knives, always another shoe to drop

  • http://www.covestor.com/mbr/bnbien Ben_Bien

    Excellent interview, it’s beautiful hearing from an innovator. Hey, much of the things Sosnoff says sounds like what Tim would say.

  • http://www.covestor.com/mbr/bnbien Ben_Bien

    Excellent interview, it’s beautiful hearing from an innovator. Hey, much of the things Sosnoff says sounds like what Tim would say.

  • http://www.covestor.com/mbr/bnbien Ben_Bien

    I have an idea: how about getting a SISSY VALUE INVESTOR on your radio show; I’d like to hear some argumentation for and in defense of charting.

  • http://www.covestor.com/mbr/bnbien Ben_Bien

    I have an idea: how about getting a SISSY VALUE INVESTOR on your radio show; I’d like to hear some argumentation for and in defense of charting.

  • noobtrader.08

    Great interview.

    I also made $635 on VRML… although I still think it was luck. Had I not had Tim and the rest of the forum talking about it.

    I’ll get it though… I’ll get it eventually. Law of Attraction! =D

  • noobtrader.08

    Great interview.

    I also made $635 on VRML… although I still think it was luck. Had I not had Tim and the rest of the forum talking about it.

    I’ll get it though… I’ll get it eventually. Law of Attraction! =D

  • cash

    Great interview. I can not wait to hear who you are going to have next. This new website ROCKS!

  • cash

    Great interview. I can not wait to hear who you are going to have next. This new website ROCKS!

  • http://www.crwenews.com/?p=4022 test.timothysykes.com/CRWE.OB | CRWE NEWS

    [...] Podcast #3 – Tom Sosnoff, Founder of Thinkorswim [...]

  • http://www.crwenews.com/?p=4022 test.timothysykes.com/CRWE.OB | CRWE NEWS

    [...] Podcast #3 – Tom Sosnoff, Founder of Thinkorswim [...]

  • http://www.crwenews.com/?p=4022 timothysykes.com/CRWE.OB | CRWE NEWS

    [...] Podcast #3 – Tom Sosnoff, Founder of Thinkorswim [...]

  • jason

    podcast not working with sosnoff

  • jason

    podcast not working with sosnoff