Scott Sheridan
speaker
145 appearances
1 recordings
1 series
first heard May 2025
last heard May 2025
Scott Sheridan’s voice in public audio — every appearance, attributed to the second.
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Appearances
Die Firma dankt.
Happy to be here.
Well, I'm sure there's more than a few, but my whole career outside of my first year out of school, my whole career has been spent in the market. So I traded on the floor of the CBOE. I went down the summer of 86. I left in 2003 officially. But my partner and I had already started before I left. We had started Thinkorswim, which was our first brokerage firm. We sold that to TD Ameritrade.
It is now part of Charles Schwab. And 10 years ago, I actually just had my 10-year anniversary, we started another brokerage firm to compete. It's called Tasty Trade, and that is currently where I am. I am the CEO of Tasty Trade, which is another online brokerage firm.
Great question. Both firms, well for sure when we started Thinkorswim, we were focusing on derivatives. So options, equity options was really our sweet spot. That's still the case today. So of course we do offer stock trading, but we specialize in options and futures, crypto. So it's a full platform, you can trade wherever you want to trade.
The big difference is how thin or how light our platform is today compared to what we built at Thinkorswim. Und wie ich Denker beschreibe, würde ich sagen, es ist mein Baby. Ich liebe mein Baby. Aber wir sind weitergegangen und wir haben mit dem, was wir glauben, eine kleinere, simplere, schnellere Weise, um Leute zu handeln.
Well, I'm taking a deep breath right now because having done this for as long as I've done this, I can say without question what we went through in April. Wir haben das noch nie gesehen. Das war ein absolut verrückter Zeitpunkt. Jemand könnte darüber reden. Du könntest zurückgehen und sagen 08 09. Du könntest zurückgehen und sagen, sprich über die Dotcom-Bubble in 2000.
Du könntest zurück in 87 zurückgehen. Die große Unterschiede aus meiner Sicht war, dass dieser 100% selbstinduziert war. Also die anderen, da gab es Gründe und vielleicht würde jemand argumentieren, dass 08, 09 eine Hausbubble war. Und man könnte sagen, das war selbstinduziert, weil wir es ermöglicht haben, es zu passieren.
I could go with that argument, but for sure with this one, this was President Trump making a decision on tariffs that he believes in or did believe in. I don't know if he still does, but did believe in it. And the market said, we are not going to buy into this one. And you saw literally, you know, 20 plus percent sell off fast.
And the volatility that we saw both up and down, because we had some crazy updates, you know, was all of a sudden tariffs on, tariffs off. So Einer der Kommentare, wenn ich mit vielen jüngeren Menschen spreche, einer der Kommentare, die ich mache, ist, dass man lernen muss, besonders in jüngerer Zeit, dass man lernen muss, wie man Risiken nimmt.
So people have to understand what that means, because what might be super risky for one person might be just run of the mill for another. But if somebody is just getting going in their career, they have some investable assets, you need to be engaged with the markets.
I know it seems crazy right now to say, why would I want to be in the market when it literally just sold off 20% and just snapped back. You know, today we're back, not at highs, but we're not far off. I think we're 400 or 500 points. So in the S&P, so it's not that far away.
But the markets, as crazy as they are right now, one thing I will say with certainty, and I will preface this with, nobody has any idea where the another world war breaks out and something happens that would be an oh my god situation, the markets are going to be significantly higher in 10, 15, 20, 30 years.
So if somebody is just starting their career and they're in their 20s and they think they have a 40 year horizon before they want to retire, you need to have exposure to the market. Now having said that, Exposure needs to be controlled. So don't go crazy and take all of your money and just put it in today because all of a sudden you might need some of the money and the market could go lower.
So people have to take a reasonable approach. Again, what does that mean? Maybe somebody decides I'm going to put X number of dollars in every week or every month. But whatever that number is, make sure that it's money that you don't need for the foreseeable future.
Eine wirklich gute Frage. Die Antwort auf die Frage, was du mit einem Broker meinst, lass uns einfach vorsichtig sein, denn du musst durch einen Broker gehen, um deinen Handel zu machen. Also, wenn du zum Tasty Trade kommst oder zu irgendwelchen unserer Gegner gehst, ob es Schwab ist, Fidelity, Robin, es macht keinen Unterschied, sie sind alle Broker.
Also musst du technisch einen Broker für den Handel haben. Ich denke, du sprichst dazu, was unsere Eltern hatten, wo unsere Eltern jemanden hatten, der den Account managen würde. That's a dying breed. Everybody, you know, you could do whatever you need to right now, right here. It does. You could do it from the train. You could do it from your desk. You could do it from an airplane.
It doesn't make a difference where you are.
Nein, absolut nicht. Ich denke, es gibt so viel Informationen da draußen. Die Plattformen sind grundsätzlich kommoditiert. Natürlich bin ich gegen unsere. Ich denke, unsere ist das Beste, aber es ist egal. Alle Plattformen sind zumindest gut, wenn nicht sehr gut. Ich würde sagen, die meisten von ihnen sind gut, wenn nicht sehr gut. So there's plenty of choices out there.
On top of that, one of the things that we have led the charge in for the last 25 years is education. And our education is free. You know, there's no, we don't charge for it. So somebody can go on online, they can watch live or we record the shows. We do about 15 hours, five days a week of live programming. Amazing stuff. Everything from a where do I begin to complex math.
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