Why Tom Basso Stays Calm When Traders Panic

This week on Markets Unscripted, Matt Caruso and Jason Shapiro are joined by legendary trader Tom Basso for a masterclass on position sizing, drawdowns, risk control, and building a trading process you can actually stick with.And if you’ve been listening to the podcast, you already know what Matt and Jason bring to the table: real-world experience, no fluff, and practical process-driven market insight.That’s exactly why the upcoming Markets Unscripted Workshop is such a big opportunity. This is your chance to go beyond the podcast and learn directly from Matt and Jason in a live setting as they walk through the strategies, tools, and frameworks they use to approach the market every day.Get the workshop details here: www.marketsunscripted.comTimestamps00:00 – Tom Basso’s “pothole” analogy for drawdowns00:49 – Intro: why Tom Basso is the right guest for this market01:28 – Position sizing, unrealized gains, and managing snapback risk06:36 – Why rising volatility should force you to reduce size11:00 – Trade the system that fits you, not someone else16:30 – AI in trading: what it should automate and what it shouldn’t24:40 – Combining multiple systems to smooth returns31:30 – Why traders should care more about return-to-risk than big upside36:40 – The “market will do what the market will do” mindset41:30 – Futures, leverage, and why position sizing matters more than the instrument47:00 – Why Tom automated discretionary tasks out of his process50:30 – How to avoid curve-fitting and black-box trading56:30 – Longevity, humility, and ignoring flashy trading culture1:00:00 – Final thoughts and where traders should really focus