IT DOES NOT SUCK TO BE TOM BASSO

IT DOES NOT SUCK TO BE TOM BASSO

Author: Sean McLaughlin & Steve Strazza December 20, 2024 Duration: 1:03:02
We talk to a lot of traders. Not just on this podcast, but across everything we do. And one thing that is common to most of them is some level of stress which must be routinely navigated. And it’s often a real struggle. Many of them are emotionally damaged and scarred by it. In fact, many of our conversations get into discussions about how to best navigate ourselves out of these negative spirals. This is not the case with Tom Basso. In fact, if Tom didn’t tell you that he makes his money from trading and managing other people’s money, you’d probably assume he’s simply a retiree who enjoys spending his time tending to his garden and landscaping, hosting dinner parties, golfing, singing in choir, and traveling. One thing you wouldn’t guess is that he has perhaps hundreds of thousands of dollars at risk in the market at any one point in time! It would be easy to surmise that achieving the level of success Tom has makes it simple for him to adopt a detached, chill mindset about his trading. But he will correct you and tell you that the mindset came first. And his trading, in fact his whole life, thrives on his unique ability to “enjoy the ride.” Steve and I are both smitten with Mr. Basso and we left this conversation invigorated and motivated to do more of working for ourselves and less of what isn’t. In short, we both want to be Tom Basso. You will no doubt enjoy this delightful conversation.

Off The Charts is a conversation between Sean McLaughlin and Steve Strazza that cuts through the noise of financial media. This isn't about hot stock tips or sensational headlines. Instead, it's a grounded look at the actual price action and market structure driving asset classes across the globe. Each episode breaks down the technical narratives unfolding on the charts, from equities and commodities to currencies and bonds. Sean and Steve bring a practitioner's perspective, discussing the interplay of trends, momentum, and key levels that active traders and long-term investors need to understand. The dialogue is straightforward and focused on the mechanics of the market, offering a clear-eyed assessment of risk and opportunity. You'll hear detailed analysis on sector rotation, breakout attempts, and the underlying strength or weakness in various indices. The goal is to provide a factual, chart-based framework for navigating markets, stripping away emotion and focusing on what the data is saying. Tune in for a no-nonsense, technically-focused take on finance. Find Off The Charts wherever you get your podcasts.
Author: Language: English Episodes: 27

Off The Charts
Podcast Episodes
Jeff Macke Is On Target With Retail [not-audio_url] [/not-audio_url]

Duration: 1:04:26
Strap in. When Jeff Macke is driving the conversation, you need to pay attention. The wisdom, wit, and one-liners fly by fast. While other seven-year-olds spent their weekends playing with Lincoln Logs and Wiffle Ball, J…
Anthony Crudele: WITHSTAND THE STORM [not-audio_url] [/not-audio_url]

Duration: 1:01:39
“I don’t need to kill it right now, I just need to make sure I’m around for the next cycle that is favorable to my style of trading.” According to Anthony Crudele, most traders who struggle do so because they are too sho…
David Hale: Cash Rules [not-audio_url] [/not-audio_url]

Duration: 1:03:20
From an early age, David Hale had hustle in his DNA. At just 10 years old, he was sneaking into casinos to play slot machines. By 11, he was betting on horse races. And before long, he was hunting for arbitrage opportuni…
Denise Shull: Minimizing Our Most Powerful Emotion — Regret [not-audio_url] [/not-audio_url]

Duration: 57:41
It’s hard to believe Denise Shull is a product of parents and grandparents who believed in “buy and hold” and wouldn’t even know how to sell a share of stock if asked to. Today, Denise is well known as a Performance Coac…
Steven Place: Finding Convexity [not-audio_url] [/not-audio_url]

Duration: 1:11:57
Steven Place has been around the block. He’s been through the ringer. And he has the scars to prove it. A former Rocket Scientist, Steven is a self-taught options trader who’s been plying his craft for nearly two decades…
Jason Leavitt: Learning How to Grind [not-audio_url] [/not-audio_url]

Duration: 1:02:54
“I would not give a fig for the simplicity on this side of complexity, but I would give my life for the simplicity on the other side of complexity.” ~ Oliver Wendell Holmes There’s a profound simplicity that can only be…
Andrew Moss is Open to New Perspectives [not-audio_url] [/not-audio_url]

Duration: 58:16
Reinventing your career after 20 years is no small feat. Now, imagine trying to do that by becoming an active trader. That’s exactly what Andrew Moss is doing—but he isn’t going in blind. Andrew’s fascination with the ma…
Matt Kenah is Building Positive Momentum Every Day [not-audio_url] [/not-audio_url]

Duration: 1:02:38
If we only learn one thing from Matt Kenah, I hope it would be this: “The only goal we should have every day is to live to fight another one.” Matt has lived this ethos and he has been repeatedly put to the test. And pas…
Andrew Menaker: Negotiating Bank Robberies and Market Hauls [not-audio_url] [/not-audio_url]

Duration: 55:18
To say Andrew Menaker took an unusual path to Wall Street would be a severe understatement. While negotiating with an armed bank robber to de-escalate the situation and ensure the safety of customers and bank employees,…
David Lundgren: Going Until the Wind Changes [not-audio_url] [/not-audio_url]

Duration: 1:11:57
Among the many things that stood out during our conversation with David Lundgren, it was this quote: “I want to find a way to listen, and learn, and get a little bit better every day.” This is a mindset that every trader…