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.
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
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