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
Sie haben hier gearbeitet. Und keine großen Operationen. Thinkorswim, wir hatten wahrscheinlich ungefähr 250 Mitarbeiter, als wir es verkauften. Und das gleiche mit ungefähr 350 Leuten hier jetzt mit Tasty. Also für mich war Thinkorswim... Ja, genau. dass Retail das tun könnte. Und wir haben das gleiche mit Tasty gemacht.
Also habe ich drei und eine halbe Jahre abgeholt, als ich im Jahr 2012 weg war. Drei Jahre. Ich habe drei Jahre abgeholt, als ich im Jahr 2012 weg war. Und als ich weg war, haben Leute mich gefragt, wann du wieder zur Arbeit gehst, weil meine Frau für mich ein Retirement-Party hatte, aber ich lachte. Ich bin wie, ich mache definitiv etwas. Ich stoppe jetzt nicht. Ich hoffe, dass ich nie stoppe.
Ich will den Rest meines Lebens weiterarbeiten, weil ich es genieße. Aber... I took three and a half years off. I didn't know if I would like it after six months or I'd hate it after a week. I loved it. Loved it. And because I had spent, we went, my partner and I spent the first five years. We didn't have a day off. We were working 80-hour weeks. And it was craziness.
My wife, I remember, asked me one day, are you sure you're good with this? And I said, no, I'm not sure, but I'll tell you when it ends. We'll look back on it. We'll see whether it was worth it. So people would ask me when I was going to go back to work. I had a simple answer. The day I don't want to have lunch with my wife is the day I'm going back to work.
So my partner called me, said, you got to come back. We're going to start another brokerage firm. And I agreed to it. My wife and I were in the car going to dinner. She said, what did you just agree to? And I started laughing. I said, I'll tell you at dinner. So I told her and she looked at me. She's like, you don't want to have lunch with me anymore?
And I said, no, I do want to have lunch with you, but Um so etwas wie Thinkorswim zu machen, was wir nicht in der Industrie erschaffen haben, wir haben es verändert. Aber das zu tun, war lebenswürdig und wirklich einmal im Leben. Um es wieder zu versuchen, habe ich gesagt, ich muss es machen. Ich liebe Herausforderungen. Ich muss es machen, nur aus der Perspektive der Herausforderung.
Und es war ein erstaunlicher, es war wirklich ein erstaunlicher Reise.
Gute Frage. Und meine Antwort ist wiederum, was auch immer für dich funktioniert, mach das. Mach es einfach. Es macht keinen Unterschied, wenn Leute mich anrufen, ich kann nicht sagen, wie viele Male ich Leute gesagt habe, kann ich meine Strategie mit dir teilen? Und ich sage, nein, ich habe keine Angst. Ich habe meine eigene. Du hältst deine. All I care about is that it's working for you.
At the network, it's really interesting because tactical and fundamental would be the two most common ways for people to go about making trading decisions. Our network is strictly based on math. Es ist alles Mathematik. Es ist auf Probabilität basiert. Und für mich ist Mathematik Mathematik.
Also, wenn jemand Zeit spart, Videos zu schauen, wirst du anfangen, die Trading-Strategien auf deiner Talent zu finden. Und es sind viele große Nummern. Aber ihr Mantra ist Trade Small, Trade Often. Trade Small, Trade Often. Also, du versuchst kleine Teile zu machen, anstatt den Home-Run zu erzielen. Nothing better if you happen to buy a stock and it explodes. I mean, it's amazing.
But those are few and far between. So to have more of a consistent approach, what do you need to do? Got to be in the game, got to constantly be trading. And all the information, again, free, available, tastylive.com. Go check out the content. So from my perspective, and let's go back to the volatility question, because it's perfect for what's going on right now.
Du und ich haben darüber gesprochen, bevor wir diese Konversation begonnen haben. Du hast einen Kommentar gemacht, du weißt, der Stock ist 100, jetzt sind es 60. Ist das ein guter Zeitpunkt, um reinzukommen? Oder soll ich mich interessieren? Vielleicht wird es niedriger gehen. Nobody knows anything. So you don't know anything. I don't know anything. The quote unquote experts know nothing.
They can't know where the market's going. So all I can tell you for sure is that if a stock is 100 and now it's 60, 60 is definitely less expensive than 100. So you know you're at least better off than you would have been had you bought the stock at 100. Still doesn't mean that it's a good buy. Right.
One of the approaches that I am taking right now, because I do want market exposure, I do want to buy some of these stocks that have been beat up, some of the big names. So for anybody that has traded options, you will understand this. If you haven't, it's going to probably be a little complicated, but volatility has exploded. Obviously, we're doing this now instead of little chops.
So what happens when volatility explodes? Market makers, the firms that are making the markets for all these options, they go, wait a minute, I got to get paid for the risk I'm taking because there's so much more volatility now. So the prices, the options go up. Because they pump volatility into the options. What does that mean? Well, in simple terms, a put gives somebody the right to sell.
One put gives somebody the right to sell 100 shares of stock at a particular price at a particular point in time. If you sell that put, rather than buying it, if you sell the put, you now have the obligation to buy 100 shares of stock at that price within the next, whatever your period of time is, you know, 45 days, 37 days, whatever it is.
So because volatility has gotten pumped up so much, I have not gone out and bought the stocks. Because in my mind, I'm like, I don't know if they're going higher, they're going lower. I don't need to own the stocks right now, but I'm okay owning the stocks right now. So I'm selling puts below the market and getting paid. I am selling somebody else insurance. That's the way I explain it.
I'm the insurance company. And what I think I'm doing right now is I am selling flood insurance after the flood. That's the easiest way to do it. If somebody's ever tried to buy flood insurance, if you live in a zone that just got flooded, you're going, you either can't get it or it's prohibitively expensive and you're not going to pay whatever they're asking for it. Right.
When option volatility gets into, historically we're in the upper teens, but for years we were in the low teens. We have just gone through a period, we were basically locked in the 25 to 30 range for a while. Now we're back in the 20 range. But imagine what that does to the premiums. So now, again... I'm selling flood insurance to somebody who just had a flood. I'll take my chances.
And I'm going to say, you know what? I'm comfortable buying Apple at whatever price or Google at whatever price. So I'm not doing right at the money. I'm going out of the money. So I'm giving myself a little bit of room. And for me, these are stocks that I'm comfortable owning and I'd love to own down at those prices.
Showing 61–80 of 145 · page 4 of 8
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