Better System Trader

236: How to Profit and Protect in Any Market Conditions - with Tom Basso

36 snips
May 23, 2024
Tom Basso, a Market Wizard and $600 million fund manager, shares his strategies for profiting in any market conditions. Topics include extreme diversification, simple hedging strategies, using multiple indicators, common-sense trading decisions, and risk management. Learn how to protect your account in downturns while enjoying the ride!
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ANECDOTE

From Four Years To $600M

  • Tom Basso broke even after four years of futures trading and then scaled to managing $600 million.
  • He retired in 2003 and has spent over two decades sharing lessons and mentoring traders online.
ADVICE

Size Positions To Control Risk

  • Size positions to control portfolio risk instead of letting winners dominate your account.
  • Adjust position sizes so the portfolio's exposures match your comfort and survivability limits.
ADVICE

Maintain Awareness And Discipline

  • Build awareness and discipline to follow your trading plan through wins and drawdowns.
  • Recognize emotional states and return to your plan when greed or revenge trading appears.
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