Ep.1: Tom Basso Shares The Secret Ingredients Of A Market Wizard Mindset & How To Enjoy Your Life Trading 20 Minutes A Day Without Stressing Out Every Waking Moment Glued To Your Screens.
Update: 2020-09-14
Description
About Tom Basso
Tom was CEO of Trendstat Capital Management, Inc., an Investment Advisor (RIA) and Commodity Trading (CTA) firm, managing $600 million at its peak. An engineer by degree, he approaches the markets with math and computers.
He has now authored two books:
1- Panic Proof Investing, which is dedicated to helping investors.
2- Successful Traders Size Their Positions – Why and How? which helps traders size their trading
positions.
Tom was one of the traders featured in The New Market Wizards by Jack Schwager, a book on successful traders.
Tom currently has a website: enjoytheride.world with educational resources for traders.
Show Notes
- 0:01 Introduction
- 2:18 How to build confidence using mental rehearsal technique
- 4:54 Boosting the self-confidence in other areas of the life
- 10:31 Why self-confidence and self-esteem is crucial to follow trading strategies
- 14:16 How to cultivate self-awareness using a simple post on a computer screen
- 20:46 A simple technique to dissolve physical pain
- 24:10 Using the fear of missing out to deal with emotional pain and lessons from having a 50% drawdown
- 33:06 Managing emotions as a money manager and the #1 mistake that most money managers do and how to fix it
- 39:50 Dealing with burn out managing other's people money
- 44:04 How to get your family on board as a trader
- 45:05 Why you should quit identifying yourself as a trader
- 47:17 The importance of having other hobbies and activities too avoid overtrading and trading for excitement
- 52:00 The three secret ingredients to enjoy the ride in trading
- 56:56 How to connect with Tom Basso www.EnjoyTheRide.world
https://blog.beyondtradingpsychology.com/tom-basso/
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In Channel
Great advice there from a Master, about life & trading. Hats off to you for a good interview