Tom Basso is a Market Wizard with 5 decades of experience.
After taking 4 years to get to break-even, he eventually transformed himself into a $600 million fund manager.
In this discussion with Tom, we uncover some of the key strategies he uses to profit in almost any market, protect his account from market downturns, and all while enjoying the ride!
Here’s some of the key takeaways:
- Why traditional diversification isn’t enough and how to deploy extreme diversification to grow your portfolio,
- Tom’s simple yet powerful hedging strategies to protect your account in a downturn,
- How to generate more consistent results by “filling the potholes”
- The advantages of using multiple indicators in trading and which indicators Tom uses (and those he avoids),
- How to simplify trading decisions using a common sense approach,
- Plus risk management, position sizing, discipline, surviving long-term and much more.
Next Steps:
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Visit Tom Basso’s website: enjoytheride.world for more info.
Follow Tom on Twitter: @basso_tom for regular trading insights.
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0:00 Welcome Tom Basso
1:26 Tom Basso's Trading Experience
4:50 Sharing Knowledge with the Trading Community
5:40 Importance of Risk Management
10:31 Sizing Your Portfolio
11:32 Extreme Diversification
14:40 Minimum Diversification Needed
18:07 Maximum Benefits of Diversification
21:22 Choosing Markets for Diversification
25:23 Common Sense Diversification
26:14 Filling Trading Potholes
30:53 Why Hedge Instead of Exit?
34:06 Simple Hedging Strategy
38:01 Understanding Indicators
43:56 Avoiding Survivorship Bias
48:27 Handling Too Many Signals
52:47 Closing Advice from Tom Basso
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Disclaimer:
Trading in the financial markets involves a substantial risk of loss. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice.