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
TRADING THE NEWS with Milton Marmanides [not-audio_url] [/not-audio_url]

Duration: 1:11:28
Milton Marmanides does the hard work that traders don’t have the time to do. He sifts through the firehose of headlines, news releases, data points, and social media to cut through the noise and deliver only the market-m…
Lessons From a Volatile Two Weeks [not-audio_url] [/not-audio_url]

Duration: 35:38
They are only losses if we don’t learn something from the experience. When traders woke up on Monday, August 5th to the VIX at 65 and the Nasdaq index down 5% overnight, they didn’t need a cup of coffee to snap into high…
ANNE-MARIE BAIYND HAS THE FEVER [not-audio_url] [/not-audio_url]

Duration: 1:01:44
If there’s one thing Anne-Marie Baiynd learned after making the transition from a business owner to a trader, it’s that she’s no longer in charge. The market, unlike her employees, doesn’t do what she asks it to do. She…
For Nik Lentz, Being Scared is Not an Option [not-audio_url] [/not-audio_url]

Duration: 1:04:29
It wasn’t until Nik’s father suggested he get involved in High School Wrestling that he began to learn what drives him: Discipline, Regimen, and Humility. For the first time in his life, wrestling gave Nik recognition. H…
Michael Nauss is Our Kind of Geek [not-audio_url] [/not-audio_url]

Duration: 1:09:43
When Michael Nauss first sat down at a trading desk, his computer had a keyboard and a screen. But no mouse. And his screen displayed an order book. But no charts. Thus began his career as a scalper working the order boo…
Chasing Waves With Ian Culley [not-audio_url] [/not-audio_url]

Duration: 52:27
When you are chasing a wave, you can’t be anywhere else. You have to be present. Similarly, you can’t be anywhere else when you are chasing trends. You have to be present. Ian has worked hard to create the right mental a…
Todd Gordon is Hyper Focused [not-audio_url] [/not-audio_url]

Duration: 1:00:32
From the Slopes to the Screens: Todd Gordon is hyper-focused. Flying down a mountainside on two skis while negotiating tight turns and ever-changing microclimates would be a terrible time to lose focus. Todd Gordon knows…
Jason Shapiro Should've Been a Lawyer [not-audio_url] [/not-audio_url]

Duration: 58:52
As a Trader with zero to negative correlation to traditional assets, managing money on behalf of institutional investors is exactly where Jason Shapiro is supposed to be. But if you were to ask him, he’d tell you he prob…