Tom Basso Explains How To Make Millions Trading Volatile Markets

Welcome to The Day Trading Show. This podcast is hosted by Austin Silver and powered by ASFX. We bring you conversations with the best traders of our generation. No rented Lambos or fake Rolexs will be found here. Grab your indulgence and enjoy a discussion focused on making money in markets, trading psychology, and becoming the best trader you can be!

This is the best podcast in the world for day traders so make sure you're subscribed!

In this powerful episode, trading legend Tom Basso, a.k.a. Mr. Serenity, sits down with Austin to break down how traders can thrive during extreme volatility, how to manage risk smartly, and why behavioral economics matters more than you think.

Whether you’re a new trader or an experienced pro, this episode is loaded with insights you won’t want to miss. Tom shares practical strategies for navigating volatile markets, automating trading systems, and building a long-term investing mindset—all with a calm, rational approach.

🧠 Key Topics Covered:

- Emotional mastery during market chaos

- Capitalizing on behavioral shifts in global trade

- Building an all-weather portfolio

- Transitioning from day trading to investing

- Why automation is the future of trading

Connect with Tom: https://enjoytheride.world/

----------------------------------------------------

*Sponsor:* Top One Futures

Code: ASFX for 50% Off Link: https://www.asfx.biz/tof ----------------------------------------------------*Sponsor:* EdgefulGet A 7 Day Free Trial: https://edgeful.com/?via=asfx

----------------------------------------------------

🚀 Level Up Your Trading with ASFX

—

🎓 Free Futures Course

🔥 Start learning the basics with Futures 101

🔗 https://asfxtv.uscreen.io/categories/Futures101

—

📊 Custom VWAP Indicator

⚡️Get the exact tool I use to find high-probability setups!

🔗 https://www.luxalgo.com/asfx

—

🎥 Join My Live Trading Streams

💬 Watch me trade LIVE every morning – breakdowns, setups, and strategy!

💥 Use code ASFX for 50% OFF your first month

🔗 https://asfxtv.uscreen.io/catalog

—

🏆 Prop Firm Discounts – Save Up to 50% with code ASFX

🔗 Top One Futures → https://www.asfx.biz/tof   

🔗 Tradeify → https://tradeify.co/ref/894/ 

— 

🧠 Master Your Stats with TradeZella

💸 Use code ASFX10 for 10% off Monthly

💰 Use code ASFX20 for 20% off Annual

🔗 https://www.tradezella.com/?via=asfx 

—

🧱 Save on Bookmap

🔍 See the order flow like never before

🔗 https://bookmap.com/members/aff/go/thesilverinvestm?i=144----⏱️ Timestamps00:02:00 – The overlooked advantages of small traders00:06:45 – What really happened during this week’s insane volatility00:13:50 – Behavioral economics and the truth behind tariffs00:19:25 – How to think about risk: positive vs. negative00:26:00 – Journaling your emotional states during trading00:34:15 – Why Tom still avoids day trading despite market swings00:42:10 – Building long-term wealth as a day trader00:48:40 – Tom’s take on modern prop trading environments01:00:30 – Capital gains tax, economic growth, and American innovation01:10:15 – Tom’s all-weather strategy and trading automation secrets