Tools of the Trade is a podcast hosted by Jeff Boccaccio, where elite traders from the financial markets share the tools that shape their success. Each episode dives into their journeys, uncovering both the technical systems they rely on and the mindset strategies that keep them ahead. Whether you’re an aspiring trader or a seasoned professional, this podcast will equip you with actionable insights to refine your edge and elevate your trading game.
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Tools of the Trade is a podcast hosted by Jeff Boccaccio, where elite traders from the financial markets share the tools that shape their success. Each episode dives into their journeys, uncovering both the technical systems they rely on and the mindset strategies that keep them ahead. Whether you’re an aspiring trader or a seasoned professional, this podcast will equip you with actionable insights to refine your edge and elevate your trading game.
In this inaugural episode, Tom Basso, the Market Wizard given the nickname Mr. Serentiy by Jack Schwager, shares valuable insights on trading strategies, mindset, and performance. Hosted by Jeff Boccaccio, Tom discusses the importance of personal trading strategies, the use of long-term and short-term systems, portfolio diversification, and position sizing. He also delves into his daily routines and lifestyle choices that support his trading success. The episode concludes with a live system design session, emphasizing the importance of understanding one’s unique trading needs and preferences. Tom also offers to join Rfactory’s upcoming one-day Intro to System Development Workshop to further illustrate these concepts and get up to speed on the TradingView platform himself.
Watch the Video Podcast on YouTube here: https://youtu.be/t1fjw93tiik
For more information about Jeff Boccaccio & Rfactory visit us at https://www.rfactory.ioFor more information about Tom Basso visit https://enjoytheride.world/
Note that despite being Episode 1 this is actually a “Round 2” conversation as Jeff recently hosted a fireside chat with Tom on behalf of the Society of Technical Analysts (STA). You can watch the “Round 1” conversation here: https://youtu.be/VJZvv4OT58c
00:00 Introduction to Personal Trading Philosophy03:22 Welcome to the Tools of the Trader Podcast03:37 Meet Your Host: Jeff Boccaccio05:39 Introducing Tom Basso: The Market Wizard09:42 Tom Basso's Trading Strategies15:52 Managing Risk and Position Sizing33:32 The Importance of Trading Psychology52:06 Understanding Commissions and Break-Even Trades52:37 Balancing Short-Term and Long-Term Strategies53:00 Strategy Allocation and Risk Management55:31 Labeling Trades and Managing Multiple Accounts57:28 Calculating System Performance and the ETR Comfort Ratio01:16:26 Designing a Mean Reversion Strategy01:27:36 Simulating and Balancing Portfolios01:40:10 Combining Equity Curves for Multiple Strategies01:41:02 Evaluating Strategy Performance01:41:42 Manual vs Automated Trading01:42:29 Challenges of Managing Multiple Strategies01:43:05 Developing a Trading Platform01:46:00 System Development Workshop01:48:30 Trading Tools and Historical Evolution01:55:14 Lifestyle and Trading Routine02:02:31 Parallels Between Golf and Trading02:06:14 Final Thoughts and Future Plans
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.
Tools of the Trade
Tools of the Trade is a podcast hosted by Jeff Boccaccio, where elite traders from the financial markets share the tools that shape their success. Each episode dives into their journeys, uncovering both the technical systems they rely on and the mindset strategies that keep them ahead. Whether you’re an aspiring trader or a seasoned professional, this podcast will equip you with actionable insights to refine your edge and elevate your trading game.
