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:

1. Why traditional diversification isn’t enough and how to deploy extreme diversification to grow your portfolio,

2. Tom’s simple yet powerful hedging strategies to protege your account in a downturn,

3. How to generate more consistent results by “filling the potholes”

4. The advantages of using multiple indicators in trading and which indicators Tom uses (and those he avoids),

5. How to simplify trading decisions using a common sense approach,

6. Plus risk management, position sizing, discipline, surviving long-term and much more.

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.

In this episode, Jason Strimpel from PyQuantNews joins me to discuss how traders can find profitable edges and compete effectively in today's fast-paced markets. Whether you're a seasoned trader or just starting out, Jason's strategies and insights are invaluable for anyone looking to up their trading game.

Here’s just some of the points you’ll discover:

• How some traders get into trouble by confusing skill with luck,

• Why charts and basic trading platforms aren’t enough to compete in the markets,

• The importance of looking outside the charts for genuine market inefficiencies,

• The dangers of brute-force data mining for strategy design and what to do instead,

• Creative approaches to finding robust trading edges,

• The impact of behavioral patterns and structural market inefficiencies on trading strategies,

• How data-driven strategies can help you identify and capitalize on market inefficiencies,

• Identifying areas in the market where inefficiencies may exist,

• And much more.

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.

Welcome to a new trading series called "The Trading Panel," where I collaborate with Jason Perz from Against All Odds Research and a panel of traders to discuss the markets and all things trading. Participants in this week's panel are:

Andrew Swanscott
Jason Perz
Pavel Kycek
Steven Strazza

[0:02] Welcome and Overview
[0:21] Panel Introduction
[9:59] Discussing Trading Strategies
[11:18] Integrating Various Trading Tools
[13:02] Detailed Strategy Analysis
[14:36] Using Regime Filters in Trading
[23:46] Understanding Trading as a Discipline
[25:17] Realities of Daily Trading
[33:47] Handling Drawdowns in Trading
[36:07] Learning from Trading Drawdowns
[41:34] Analyzing Trading Performance
[44:28] Concluding Remarks and Takeaways

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.

Welcome to a new trading series called "The Trading Panel," where I collaborate with Jason Perz from Against All Odds Research and a panel of traders to discuss the markets and all things trading. Participants in this week's panel are:

Andrew Swanscott
Jason Perz
Pavel Kycek
Jerry Parker

0:00 Introduction to the Panel
1:18 Introduction of Jerry and the Bird
6:14 Jerry Discusses Trend Following
11:13 Emotional Aspects of Large Trades
15:01 Role of Outlier Trades in Portfolio
23:21 Diversification and Stock Selection
30:15 Ignoring Market Noise
39:39 Trading Volume and Risk Management
50:08 Commodity Stocks and Portfolio Diversification
55:26 Final Thoughts and Takeaways
57:15 Panelists' Closing Statements

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.

Welcome to a new trading series called "The Trading Panel," where I collaborate with Jason Perz from Against All Odds Research and a panel of traders to discuss the markets and all things trading. Participants in this week's panel are:

Andrew Swanscott
Jason Perz
Pavel Kycek
Mish Schneider
Ian Culley

00:00 - Introduction and Guest Welcoming
01:25 - Discussion on Trading Commodities
03:42 - Analysis of Current Market Trends
06:36 - Historical Comparison of CPI Trends
10:11 - Geopolitical and Market Predictions for 2024
14:23 - Cocoa Market Surge and Trading Strategies
21:08 - Short-Term Trading Techniques in Volatile Markets
26:43 - Intermarket Analysis and Sector Insights
33:09 - Emerging Markets and Investment Opportunities
42:53 - Cryptocurrency Trading Strategies and Market Analysis
52:00 - Audience Q&A and Relative Rotation Graphs Discussion
57:25 - Closing Remarks and Contact Information

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.

Welcome to a new trading series called "The Trading Panel," where I collaborate with Jason Perz from Against All Odds Research and a panel of traders to discuss the markets and all things trading. Participants in this week's panel are:

Andrew Swanscott
Jason Perz
Pavel Kycek
Tom Basso

[0:02] Introduction
[1:14] Guest Introduction
[2:24] Discussion on Market Trends and Portfolio Management
[7:13] Importance of Risk Management
[10:12] Psychology and Handling Drawdowns
[15:29] Learning from Market Experiences
[19:34] Matching Personality with Trading Style
[25:06] Becoming a Trend Follower
[29:24] Coping with Market Crises
[35:03] Balancing Life and Trading
[42:20] Brain Processing and Idea Generation
[45:03] Systematic Trading Insights
[53:42] Misconceptions in Chart Patterns
[1:01:43] Wrap-up and Contact Information

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.

Welcome to a new trading series called "The Trading Panel," where I collaborate with Jason Perz from Against All Odds Research and a panel of traders to discuss the markets and all things trading. Participants in this week's panel are:

Andrew Swanscott
Jason Perz
Larry Tentarelli
Steven Strazza

Here are a few of the topics we discussed on the panel:

1. Importance of Simplifying Trading Strategies – Simplifying strategies helps in identifying trends and making trading decisions more effectively.

2. Using Moving Averages and Relative Strength – Moving averages and relative strength indicators are valuable tools for identifying trends and potential breakouts.

3. Adapting to Market Conditions – The importance of sticking to your strategy and waiting for favorable market conditions rather than constantly changing strategies.

4. Options Trading and Pattern Matching – Different options strategies can be used based on the pattern and structure of the stock, providing leverage and flexibility.

5. Risk Management and Position Sizing – Managing risk is crucial in trading, and position sizing should be based on overall risk tolerance and stop placement.

Plus much more, watch the replay to extract all the goodness!

[0:01] Introduction and Welcome
[1:44] Highlighting Recent Interviews
[3:17] Discussing Trading Strategies and Charts
[6:16] Importance of Consistency in Trading
[8:27] Adapting Trading Strategy to Market Conditions
[10:38] Risk Management and Strategy Adaptation
[13:28] Options Trading Insights
[15:34] Market Trends and Sector Performance
[19:20] Understanding the Value Line Index
[21:50] Deciding Trading Timeframes
[27:10] Importance of Risk Management
[31:12] Risk Management with Options
[33:23] Position Sizing in a Portfolio
[41:49] Favorite Stocks and Sector Analysis
[52:13] Relative Trends in Trading
[52:46] Closing Remarks and Contact Information

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.

Welcome to a new trading series called "The Trading Panel", where I collaborate with Jason Perz from Against All Odds Research and a panel of traders to discuss the markets and all things trading. Participants on this week's panel are:

Andrew Swanscott
Jason Perz
Jeff Hirsch
Jason Shapiro

00:00 Episode Introduction and Host Welcome
01:44 Discussing Historical Market Trends with Jeff
06:49 Jeff Shares Sector Insights and Trading Ideas
10:08 Where to Find Jeff and His Work
11:04 Shifting Focus to Jason Shapiro's Trading Insights
19:26 Jason's Perspective on Market Conditions and Fed Policy
28:02 Discussing Common Trading Mistakes and Learning Processes
36:56 Highlighting the Importance of Risk Management
42:06 Unpacking Trading Industry Myths and Realities
46:11 The Dangers of Following Misleading Trading Gurus
53:43 The Significance of Personal Experience in Trading Success

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.