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

Chat With Traders

CHAPTER

Transtat Trading - What Is It All About?

Trading at transtat was a totally systematic sort of operation. 30% of our trades would be profitable, and 70 % of them would be losers. One year two trades were so largely profitable that if you had not gotten those two trades in your portfolio, you would have broken even for the year. That got me thinking, i've got to make sure, with no excuses, that i always get every one of those two or three large trades every year. Those are going to be what's going to pay the way, and the rest of it is a whole bunch of hard work to get nowhere.

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