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
Not in my mind. And it's another one that does not make sense to me. It didn't make sense to me in 2000. It definitely does not make sense to me over 3000. My partner and I You mentioned we had two huge successes, which we did. We had some losers along the way. And I'm laughing right now. One of them was we bought, not making this up, we bought a gold mine in Mali, Africa. And it was real.
It was legitimate. Okay. It was real. We had the government's backing. We had people over there. And at the time, I want to say gold was 200 to 25, 250. This would have been... Mitte 90s, late 90s, etwas wie das. Wir haben auf es aufgeben lassen, aber wir lachen, weil wir sagten, wenn Gold zu 3,50 geht, werden wir so viel Geld davon machen.
Du kannst dir also vorstellen, dass Gold bei 30, ich denke, es war 30, es hat nicht 3400 gekippt, es war für sicher 3300. Das macht mir nicht Sinn, außer dass All your shorts are out of the way. And the natural lungs are holding this. And they're absolutely gold bugs. My partner was a gold bug for years. For years he was a gold bug. I'm with you. If you need gold, because the dollar has gone...
in the toilet i'm not saying zero but whatever we got hyperinflation and you need gold to go out and buy something you're gonna need guns and ammo and i'm not a guns and ammo person but you're gonna need that because it's just gonna be the biggest strongest person is going to be taking your goals so if somebody wants to own it because it gives them comfort great that goes back to the psychology of trading if it feels good to you to own some gold in your portfolio awesome
Aber wenn du mir meine Meinung fragst, ob es einen Grund gibt, Gold zu verkaufen, außer Spekulationen und einem Handelsfahrzeug, sehe ich das nicht persönlich.
Let's start off where I was on the floor. So I traded, my partner and I came out of the floor of this Chicago Board Options Exchange, CBOE. We traded in the OEX, which was the S&P 100 versus the SPX, which is the S&P 500. I think it exists, but I think there's one person. It's not a tradable product anymore. So please don't go looking to trade the options in there. Okay.
Eine Sache, die ich sicher sagen werde, sind die meisten Marktgeber, die wir waren. Wir waren Marktgeber. Die meisten Marktgeber sind Contrarians. Warum? Weil, wenn das Papier kommt, nehmen wir die andere Seite des Papiers. Also, wenn das Papier kommt und der Markt erhöht ist, nehmen wir die andere Seite davon. Nun, wir handeln und es gibt immer Hedges.
Es gibt andere Dinge, die man gegen es tun kann. Aber wenn der Markt auf Alltagshöhen ist, wollen wir immer kurz werden. Und wenn der Markt bricht, werden wir auf der anderen Seite sein, wenn die Leute paniken. So that's why when you say that it looks like I'm a hater, I'm not a hater. I just don't see the value in it. But again, I want to be perfectly clear.
If somebody sees it and it makes them feel good to have it in their portfolio, put it in your portfolio. There's nothing wrong with buying, again, an amount of gold or amount of crypto that if you said, look, if this goes to zero, my life's still fine.
I just wouldn't take all of your assets and say, my friends are in Bitcoin or Ethereum or some other coin and say, I have to be involved because you just don't know where it's going. Nothing wrong with having a piece, but I'd be careful. Ja. Eine der Dinge, die ich sagen werde, ist, dass naiv sein wirklich, wirklich hilfreich ist.
Also, wenn du nicht wirklich sicher bist, worauf du gehst, aber du hast Vertrauen, dann bleib einfach weiter und bleib weiter, bis du nicht mehr weiter kannst. Pivotiere, wenn du es brauchst. Finde eine andere Weise, um zu dein Endgame zu erreichen. Aber lass nicht, dass Leute dir sagen, dass es nie funktionieren wird oder es eine schreckliche Idee ist.
Oder wenn es eine gute Idee war, hätte jemand anderes es gemacht. Ich hasse all diese Antworten. We came up with the idea of Thinkorswim late 90s. So we hired somebody who we needed somebody to build a website, which sounds funny today because all these things 25 years later, you go, okay, big deal. Go build a website. It's not that hard. Right.
25 years ago, it was not the easiest thing in the world. Well, that person went on to become our CTO, both at Thinkorswim and at TastyTrade. So he was with us for a long time. He retired about a year ago. But we went on to build, to me, what was the premier platform at the time. I mean, it really changed. It changed the way we didn't create online trading.
We changed the way that people were able to access the markets. So I'm sure you're familiar with Robinhood. Most people are. The guys that started Robinhood learned the business by going to my partner's shows and watching him talk about trading. So the impact that we have had on the industry, we, when I say we, think or swim, we began the revolution of lowering commissions.
What we did was we attacked our competitors by saying, you know what, we really came out with a Right. So, Stocktrading now is zero. So, my partner likes to say, I don't think we've ever run the numbers to prove this. I don't know how we would get the information, but we have saved the industry. We've saved retail traders billions of dollars in commissions.
And I'm sure we have, because we led the charge. When I came back... and started tasty trade within the first month, all the big four lowered their ticket charges. And I smiled and I said, well, I guess they know we're back. And to me, that was the highest compliment that they could have paid us. So It is what we have done in the industry.
And again, our technology today, I love, I think it's the best of the business. But there is so much good technology out there that wherever you're trading, you should be able to have, you should have a platform that will allow you to do what you need to do, whether it's software, web or mobile.
And hopefully the firm you're trading with has really good education because most firms do have at least solid, if not really good.
It's not really in my wheelhouse to show off, but we have had huge success. And it's been a tremendous amount of effort that has gone into that success. You can't be successful without putting in crazy amounts of effort. And you can't be successful without a team around you. So, it's always a we, not a me. It's an us, not a me.
And I think when I hear people come out and say, well, I did this, I did this, I'm like, well, you were involved, you might have been leading the charge, but you had a group of people around you. And we've had the really good fortune at both of our companies of having... Freunde oder Leute, die unsere Freunde werden. Und es ist Familie, wirklich. Das ist die Art, wie wir Leute behandeln.
Showing 41–60 of 145 · page 3 of 8
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