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Sunday, June 23, 2024

EP 030: The logic of trend following, and how to improve your trader psychology with Market Wizard, Tom Basso

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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.

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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’.



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