Tom Basso on Mindset with Sonal Darbar

Overview

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.

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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

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