TrepTalks

How To Manage Your Emotional States As A Day Trader And An Entrepreneur – Tom Casano

Tom Casano, a successful day trader, shares his insights on managing emotional states in order to become better at trading or entrepreneurship.


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Guest Bio

Tom Casano is a successful day trader and the founder of Life Coach Spotter. He is passionate about self-improvement, helping other people grow, and empowering others to live their dreams.  He has worked as a peak performance coach, an equities trader, a teacher, and a tutor.  A student of life, human behavior and psychology, philosophy, spirituality, and Buddhism, Tom is an entrepreneur and a go-getter.  He lives in Manhattan, New York.

Things You Will Learn In This Interview

Tom Casano is an experienced and successful Day Trader. With successful, I mean that he actually makes his living with day trading. This is a very interesting interview because there are many parallels between day-trading and entrepreneurship.

Tom told me that many people want to learn and get into day-trading but very few of those who do actually end up making money even after years of practice. He tells me that there is a learning curve to actually learn the technical aspects of day trading and with enough effort and practice anyone can learn it. However, what hurts people the most and where people end up losing money, is when they do not have the skills to manage their emotional states.

In this interview, Tom shares a little bit about his story. He started out small and was not doing very well financially in the beginning phases of his day-trading career. However, he believes that total immersion into learning about the technical aspects of day-trading, as well as learning how to better manage his emotional states allowed him to become more successful. In this interview, he shares some of his insights and specific exercises that he uses to better manage his psychology.

Tweetable Quotes from this Interview!

Click to Tweet>>>> In trading, you can always learn the techniques but what hurts people most is the psychological stuff.

People, Book Recommendations, and Resources of Interest Mentioned In This Interview

1. Elitetrader.com

2. The Psychology of Trading: Tools and Techniques for Minding the Markets by Brett N. Steenbarger

3. Trading in the zone by Mark Douglas

4. Byron Katie

5. Dane MaxwellThe Foundation

Your Turn>>

Did you find this interview useful? Please make sure to leave your comments, questions, and suggestions in the comments box below.

Comments

3 responses on "How To Manage Your Emotional States As A Day Trader And An Entrepreneur - Tom Casano"

  1. Excellent site you have here but I was curious about if you knew of any forums that cover the same topics discussed here?
    I’d really like to be a part of online community where I can get advice
    from other knowledgeable individuals that share the same interest.

    If you have any recommendations, please let me know.
    Thank you!

  2. I had a great time talking with you Sushant! 🙂 If anyone has any questions or anything I can do to help please feel free to reach out.

    Thanks again Sushant!

    Tom

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