In episode 391 of the Desire To Trade Podcast, we will be listening to the recording of an interview with legendary professional trader & market wizard, Tom Basso. Long-term success in trading is not built overnight. If you want to trade full time leading to a profitable lifestyle, you can catch the best strategies from this interview with a million-dollar market wizard!
The video is also available for you to watch on YouTube.
>> Watch the video recording!
Topics Covered In This Episode
- 00:15 Introduction
- 00:33 Who is Tom Basso?
- 03:40 How did Tom start trading?
- 05:44 From chemical engineering to trading
- 07:50 The "behind-the-scenes" in trading
- 09:57 Tom's travel and trade routine
- 11:15 When did he decide to manage funds for other people?
- 14:46 Leaving job to trade full-time
- 17:11 Mindset in transitioning from a full-time job to full-time trading
- 18:27 Raising $17 million
- 23:01 How much work did it take to build his capital?
- 25:03 The introvert trader life
- 25:27 Tom's transition to trading by himself
- 31:22 What to focus on when creating a strategy
- 32:55 Price-action and data
- 34:32 How Tom adapts to different market conditions
- 37:42 Importance of not listening to the news
- 40:00 Sweet spot on the number of trading strategies
- 41:21 Tom's wisdom for traders
- 44:19 Where to find Tom Basso? (links below)
- and much more
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