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EP.004 Tom Basso on Mindset with Sonal Darbar
In this special episode of the Tools of the Trade Podcast, guest host Sonal Darbar interviews trading legend Tom Basso. The episode delves deep into the timeless question: 'Which comes first, the mindset or the strategy?' Tom emphasizes the paramount importance of mindset in successful trading, sharing personal experiences and strategies that have shaped his serene approach over decades in the market. From awareness practices to the integration of AI, Tom covers it all. He also discusses how trading fits into a balanced and fulfilling life, highlighting the need for traders to have diverse interests and hobbies outside of trading. This episode offers both seasoned traders and newcomers valuable insights into maintaining emotional equilibrium and achieving long-term trading success.
Watch the Video Podcast on YouTube here:
https://youtu.be/VdN4_1R69tA
Topics:
00:00 Introduction
01:52 Welcome from Guest Host Sonal Darbar
03:20 Tom’s Motivation for a Mindset Specific Episode
08:33 Anthony Crudele
10:10 Chicken or Egg
12:05 Can You Engineer Self Out of System
18:01 $108k Mistake
19:04 AI: Who is the Captain of Ship?
20:04 Awareness, Book Report Story
23:06 Basketball in College
24:39 Public Speaking Course
25:18 Awareness & Trading
27:54 Post-It Note "Be Aware"
29:37 The Observer
30:54 Clip: Talents, Mental Weaknesses
35:41 Mr Spock Realisation: Does Emotion Outweigh Logic?
40:16 Commanding Self to Relax, Physical Cues: Stressed Hand Clench
42:48 Aware of Physical Cues, Let Go, Choose to Relax, Face Emotion Exercise
44:45 Angry to Happy in 60secs
45:32 Live Relaxed
47:03 Movie: Associated vs Disassociated
52:54 Discipline & Awareness
55:46 Wins: Feel Nothing, Losses: Feel Everything
59:56 ETR Comfort Ratio
01:02:06 Find Your Facination Outside of Trading
01:08:15 Obsession: Jiro Dreams of Sushi
01:13:34 One final question: Group Support in Trading
For more information about Sonal Darbar & Rfactory visit us at https://www.rfactory.io
For more information about Tom Basso visit https://enjoytheride.world
DISCLAIMER AND LEGAL NOTICE:
This content is for educational purposes only, and not intended for use as a source of investment or trading advice, nor as a recommendation or solicitation to buy or sell any asset. The creators of this content are researchers and educational presenters, not an accredited program or institution, nor are they professional advisors or brokers of any kind. Trading and investing involves significant risk of loss. You are responsible for your own results, and individual results vary. All content copyright protected.
View all episodes
By Jeff BoccaccioIn this special episode of the Tools of the Trade Podcast, guest host Sonal Darbar interviews trading legend Tom Basso. The episode delves deep into the timeless question: 'Which comes first, the mindset or the strategy?' Tom emphasizes the paramount importance of mindset in successful trading, sharing personal experiences and strategies that have shaped his serene approach over decades in the market. From awareness practices to the integration of AI, Tom covers it all. He also discusses how trading fits into a balanced and fulfilling life, highlighting the need for traders to have diverse interests and hobbies outside of trading. This episode offers both seasoned traders and newcomers valuable insights into maintaining emotional equilibrium and achieving long-term trading success.
Watch the Video Podcast on YouTube here:
https://youtu.be/VdN4_1R69tA
Topics:
00:00 Introduction
01:52 Welcome from Guest Host Sonal Darbar
03:20 Tom’s Motivation for a Mindset Specific Episode
08:33 Anthony Crudele
10:10 Chicken or Egg
12:05 Can You Engineer Self Out of System
18:01 $108k Mistake
19:04 AI: Who is the Captain of Ship?
20:04 Awareness, Book Report Story
23:06 Basketball in College
24:39 Public Speaking Course
25:18 Awareness & Trading
27:54 Post-It Note "Be Aware"
29:37 The Observer
30:54 Clip: Talents, Mental Weaknesses
35:41 Mr Spock Realisation: Does Emotion Outweigh Logic?
40:16 Commanding Self to Relax, Physical Cues: Stressed Hand Clench
42:48 Aware of Physical Cues, Let Go, Choose to Relax, Face Emotion Exercise
44:45 Angry to Happy in 60secs
45:32 Live Relaxed
47:03 Movie: Associated vs Disassociated
52:54 Discipline & Awareness
55:46 Wins: Feel Nothing, Losses: Feel Everything
59:56 ETR Comfort Ratio
01:02:06 Find Your Facination Outside of Trading
01:08:15 Obsession: Jiro Dreams of Sushi
01:13:34 One final question: Group Support in Trading
For more information about Sonal Darbar & Rfactory visit us at https://www.rfactory.io
For more information about Tom Basso visit https://enjoytheride.world
DISCLAIMER AND LEGAL NOTICE:
This content is for educational purposes only, and not intended for use as a source of investment or trading advice, nor as a recommendation or solicitation to buy or sell any asset. The creators of this content are researchers and educational presenters, not an accredited program or institution, nor are they professional advisors or brokers of any kind. Trading and investing involves significant risk of loss. You are responsible for your own results, and individual results vary. All content copyright protected.