030: Tom Basso – The Logic of Trend Following, and How to Improve Your Trader Psychology w/ a Market Wizard

030: Tom Basso – The Logic of Trend Following, and How to Improve Your Trader Psychology w/ a Market Wizard

This week we’re taking it up a level… I had the honor of interviewing the legendary Market Wizard, Tom Basso, president of former money management firm, TrendStat. Tom started his working life as a chemical engineer, often discussing stocks and investing with colleagues. As he started to experiment with trading from a $2000 account, there was no beginners luck in sight. Tom consecutively lost money for the first few years before things started to turnaround. With a series of events that followed, Tom went from trading his own money, to forming TrendStat and managing other peoples money. At the peak of his career, TrendStat managed $600million dollars of capital. And while Tom’s now retired, he still actively studies the market and continues to trade. This interview covers many topics that range from trend following and systematic trading, to psychology and why you must never forget to ‘enjoy the ride’. Learn more about your ad choices. Visit megaphone.fm/adchoices

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292 · Laurens Bensdorp - Running 55+ Systematic Trading Strategies Simultaneously

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291 · Sam Miesse - Small Cap Quant Trader Grows $10K into $3.8M in 3 Years

291 · Sam Miesse - Small Cap Quant Trader Grows $10K into $3.8M in 3 Years

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290 · Mark Ritchie II - Price-Action, Swing Trading Equities from the Long Side

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289 · Alfonso Peccatiello (MacroAlf) - Beyond Being Right - A Shift to Framework Thinking

289 · Alfonso Peccatiello (MacroAlf) - Beyond Being Right - A Shift to Framework Thinking

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288 · Steve B - When Confluences Align, Confidence Follows

288 · Steve B - When Confluences Align, Confidence Follows

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287 · Robb Reinhold - Consistency Beats Intelligence Every Time

287 · Robb Reinhold - Consistency Beats Intelligence Every Time

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286 · Jason Shapiro - Overcrowded Trades: What Everyone Else is Not Seeing

286 · Jason Shapiro - Overcrowded Trades: What Everyone Else is Not Seeing

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285 · Greg Magadini - Cashing in Through Exploiting Volatility

285 · Greg Magadini - Cashing in Through Exploiting Volatility

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