Description
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Tom Sosnoff explains why he built thinkorswim without charts and still doesn't use technical analysis — and what he actually uses instead. Scott Sheridan breaks down the pattern day trader rule and why it's almost gone, plus both get into the real mechanics of trading small accounts: when to take profits, undefined vs. defined risk, backtesting vs. stress testing, and how to think about the yield curve. Callers bring it with a silver puts trade post-mortem, a question on BRICS and the US dollar, and a cost-basis-to-zero covered call story that earns a rare A+. The show wraps with a live market rundown covering Bitcoin, gold, silver, NASDAQ, and individual names.
#lossdog #optionstrading #stockmarket #smallaccount #patterndaytrader #yieldcurve
TIMESTAMPS
0:00 Intro
0:12 How to start trading options the right way
3:02 Why Tom doesn't use technical analysis
7:20 Weekend and after-hours trading with a small account
09:57 CME single-stock futures: what's coming and what it means
13:42 Can a 77-year-old retired investor use Lossdog?
16:44 Caller Hugh: Small Exchange story, pattern day trader rule and when it's gone
24:04 Caller Cesare: silver puts win, swing trade exit strategy, 50% profit target
33:36 Caller Mike: BRICS, US dollar weakness, and gold
38:15 Options-only portfolio — is it a real strategy?
39:22 Covered calls to zero cost basis: is there a better way?
48:23 Warren Buffett on temperament vs. intelligence in trading
54:46 Caller Mark: backtesting vs. stress testing your account
57:06 Undefined vs. defined risk for small accounts
58:43 Live market rundown: Bitcoin, gold, NASDAQ, Apple, Oracle, Walmart
The pattern day trader rule has been a real ceiling for small accounts for over two decades — limiting traders under $25,000 to three round trips in a rolling five-day window. With the SEC comment period winding down in early 2026, that rule looks like it's finally on the way out, potentially as soon as March or April. At the same time, the CME's push into single-stock futures on names like Nvidia and Tesla is reopening a debate that last played out in the early 2000s, when NQLX and One Chicago tried and failed to build a retail market for these products. The broader backdrop — dollar weakness, BRICS noise, a NASDAQ that swung 350 points in a session — is the kind of environment where knowing your risk structure and profit targets matters more than ever.
ABOUT ONE LUCKY DOG LIVE! / LOSSDOG
One Lucky Dog LIVE! is your daily wake-up call for career and financial clarity—streaming live Monday through Thursday, 10-11am ET. Hosts Tom Sosnoff and Scott Sheridan (the founders behind thinkorswim and tastytrade) along with co-host Sol bring decades of experience democratizing finance, now turning their attention to something just as broken: how we understand our professional worth.
Lossdog is the platform they're building to fix it. It's AI-powered software that doesn't just guess what you should earn—it calculates your real market value and shows you exactly how to increase it. No more vague salary ranges. No more wondering if you're being underpaid. Just clarity, backed by data.
The show is the conversation. The platform is the tool. Together, they're designed to help you stop leaving money on the table and start building the career you actually deserve.
📺 Watch live: Mon-Thu 10-11am ET
📞 Call in: 989-LOSSDOG
📧 oneluckydog@lossdog.com
🐕 Follow @wearelossdog everywhere 👉 http://linktr.ee/wearelossdog
Everyone has a number. Lossdog helps you know your number, and grow your number.
👉 Join...
Tom Sosnoff explains why he built thinkorswim without charts and still doesn't use technical analysis — and what he actually uses instead. Scott Sheridan breaks down the pattern day trader rule and why it's almost gone, plus both get into the real mechanics of trading small accounts: when to take profits, undefined vs. defined risk, backtesting vs. stress testing, and how to think about the yield curve. Callers bring it with a silver puts trade post-mortem, a question on BRICS and the US dollar, and a cost-basis-to-zero covered call story that earns a rare A+. The show wraps with a live market rundown covering Bitcoin, gold, silver, NASDAQ, and individual names.
#lossdog #optionstrading #stockmarket #smallaccount #patterndaytrader #yieldcurve
TIMESTAMPS
0:00 Intro
0:12 How to start trading options the right way
3:02 Why Tom doesn't use technical analysis
7:20 Weekend and after-hours trading with a small account
09:57 CME single-stock futures: what's coming and what it means
13:42 Can a 77-year-old retired investor use Lossdog?
16:44 Caller Hugh: Small Exchange story, pattern day trader rule and when it's gone
24:04 Caller Cesare: silver puts win, swing trade exit strategy, 50% profit target
33:36 Caller Mike: BRICS, US dollar weakness, and gold
38:15 Options-only portfolio — is it a real strategy?
39:22 Covered calls to zero cost basis: is there a better way?
48:23 Warren Buffett on temperament vs. intelligence in trading
54:46 Caller Mark: backtesting vs. stress testing your account
57:06 Undefined vs. defined risk for small accounts
58:43 Live market rundown: Bitcoin, gold, NASDAQ, Apple, Oracle, Walmart
The pattern day trader rule has been a real ceiling for small accounts for over two decades — limiting traders under $25,000 to three round trips in a rolling five-day window. With the SEC comment period winding down in early 2026, that rule looks like it's finally on the way out, potentially as soon as March or April. At the same time, the CME's push into single-stock futures on names like Nvidia and Tesla is reopening a debate that last played out in the early 2000s, when NQLX and One Chicago tried and failed to build a retail market for these products. The broader backdrop — dollar weakness, BRICS noise, a NASDAQ that swung 350 points in a session — is the kind of environment where knowing your risk structure and profit targets matters more than ever.
ABOUT ONE LUCKY DOG LIVE! / LOSSDOG
One Lucky Dog LIVE! is your daily wake-up call for career and financial clarity—streaming live Monday through Thursday, 10-11am ET. Hosts Tom Sosnoff and Scott Sheridan (the founders behind thinkorswim and tastytrade) along with co-host Sol bring decades of experience democratizing finance, now turning their attention to something just as broken: how we understand our professional worth.
Lossdog is the platform they're building to fix it. It's AI-powered software that doesn't just guess what you should earn—it calculates your real market value and shows you exactly how to increase it. No more vague salary ranges. No more wondering if you're being underpaid. Just clarity, backed by data.
The show is the conversation. The platform is the tool. Together, they're designed to help you stop leaving money on the table and start building the career you actually deserve.
📺 Watch live: Mon-Thu 10-11am ET
📞 Call in: 989-LOSSDOG
📧 oneluckydog@lossdog.com
🐕 Follow @wearelossdog everywhere 👉 http://linktr.ee/wearelossdog
Everyone has a number. Lossdog helps you know your number, and grow your number.
👉 Join...
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