Consistent Profits Podcast

048 - Interview w Market Wizard Tom Basso

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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 three books:  Panic Proof Investing, which is dedicated to helping investors, and Successful Traders Size Their Positions – Why and How? which helps traders size their trading positions, and The All-Weather Trader which is a sort of biography of how Tom evolved from a new trader to a seasoned, successful trader and Market Wizard.


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.


Download your free copy of “Break the Cycle” and interrupt the patterns of the past so you can stop giving back your profits ---}  https://insideouttrading.com/break-cycle/


Watch it here on YouTube ---> ⁠https://youtu.be/BFkgzEoCd2s


Show Notes

  • Tom's background in chemical engineering and transition to trading.
  • We discuss on the commonality of engineers in the trading space.
  • Tom's representation as "Mr. Serenity" in "The New Market Wizards" and his recent book, "The All Weather Trader."
  • Overview of EnjoyTheRide.world, where Tom shares thoughts on mental techniques, trading, health, golf, wine, and personal matters.
  • The impact of AI on trading and the potential for personal AI assistants.
  • Discussion on the potential challenges and swings associated with high-return strategies.
  • He talks about the importance of selecting the right tools and strategies in trading.
  • We discuss on the psychological aspects of trading, including the importance of stepping back, maintaining a big-picture view, and understanding that losses are part of the process.
  • He emphasized the importance of enjoying the journey in trading, especially given the ups and downs of the markets.
  • He advised traders to maintain balance in their lives and not let the stress of trading overwhelm them.
  • He stressed the importance of having a well-defined strategy rather than making impulsive decisions based on social media or other sources.


    • This podcast is brought to you by https://InsideOutTrading.com, where the focus is specifically on CONSISTENCY, so you'll find all sorts of unique resources to help you trading profitably and with confidence.

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    • "Enough To Be Dangerous" short report --- https://insideouttrading.com/enough-to-be-dangerous-report/
    • Work with Brian -- https://insideouttrading.com/schedule-a-call-with-brian/


      • About the podcast

      • On Spotify - https://podcasters.spotify.com/pod/show/brian-mcaboy8
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        • How to connect 

        • Website - enjoytheride.world


          • What’s important to you about trading?  Comment below

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          Consistent Profits PodcastBy Brian McAboy
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