EP.001 Tom Basso - Lifestyle & Trading System Design with Mr. Serenity

In this inaugural episode, Tom Basso, the Market Wizard given the nickname Mr. Serentiy by Jack Schwager, shares valuable insights on trading strategies, mindset, and performance. Hosted by Jeff Boccaccio, Tom discusses the importance of personal trading strategies, the use of long-term and short-term systems, portfolio diversification, and position sizing. He also delves into his daily routines and lifestyle choices that support his trading success. The episode concludes with a live system design session, emphasizing the importance of understanding one’s unique trading needs and preferences. Tom also offers to join Rfactory’s upcoming one-day Intro to System Development Workshop to further illustrate these concepts and get up to speed on the TradingView platform himself.

Find out more at https://www.rfactory.io

Note that despite being Episode 1 this is actually a “Round 2” conversation as Jeff recently hosted a fireside chat with Tom on behalf of the Society of Technical Analysts (STA). You can watch the “Round 1” conversation here:    • STA Sep 24   Fireside chat with Tom B...  

00:00 Introduction to Personal Trading Philosophy
03:22 Welcome to the Tools of the Trader Podcast
03:37 Meet Your Host: Jeff Boccaccio
05:39 Introducing Tom Basso: The Market Wizard
09:42 Tom Basso's Trading Strategies
15:52 Managing Risk and Position Sizing
33:32 The Importance of Trading Psychology
52:06 Understanding Commissions and Break-Even Trades
52:37 Balancing Short-Term and Long-Term Strategies
53:00 Strategy Allocation and Risk Management
55:31 Labeling Trades and Managing Multiple Accounts
57:28 Calculating System Performance and the ETR Comfort Ratio
01:16:26 Designing a Mean Reversion Strategy
01:27:36 Simulating and Balancing Portfolios
01:40:10 Combining Equity Curves for Multiple Strategies
01:41:02 Evaluating Strategy Performance
01:41:42 Manual vs Automated Trading
01:42:29 Challenges of Managing Multiple Strategies
01:43:05 Developing a Trading Platform
01:46:00 System Development Workshop
01:48:30 Trading Tools and Historical Evolution
01:55:14 Lifestyle and Trading Routine
02:02:31 Parallels Between Golf and Trading
02:06:14 Final Thoughts and Future Plans

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This content is for educational purposes only, and not intended for use as a source of investment or trading advice, nor as a recommendation or solicitation to buy or sell any asset. The creators of this content are researchers and educational presenters, not an accredited program or institution, nor are they professional advisors or brokers of any kind. Trading and investing involves significant risk of loss. You are responsible for your own results, and individual results vary. All content copyright protected.