How to Build a Trading System | Interview With Stock Market Wizard Tom Basso

[@TraderLion]

📘 Get your FREE 115-page Ultimate Trading Guide! - traderlion.com/YTC-UTG 👇 What you'll learn! -------------------------------------------------------------------------------------------------------------------------------------------------------------- Lesson 1: Build a sturdy trading foundation to overcome the biggest obstacles holding you back. Lesson 2: Master 3 powerful trading setups to adapt and thrive in various market conditions. Lesson 3: Efficiently screen and find top-performing stocks with strong momentum and high growth potential. Lesson 4: Establish a streamlined risk management strategy using stop losses, position sizing, and portfolio heat analysis. Lesson 5: Optimize selling decisions by identifying late-stage bases or key trend reversals by analyzing daily and weekly charts. Lesson 6: Sharpen your trading analysis and decision-making by integrating cutting-edge analytical tools and techniques. Lesson 7: How to establish and maintain routine weekly and daily trading practices to ensure consistent performance and continuous improvement.

[@TraderLion]

Timestamps 0:00 Introductions 0:39 Tom's Trading Background 1:30 Tom's First Bull Market 3:13 Tom Basso's Biggest Loss 6:00 Important Trading Lessons 8:15 Tom's Aha Moments 12:50 Honoring your system 15:30 Journaling your trades 21:00 Super Trader 22:50 Larry Hite Inspiration 25:33 Renaissance Technologies 28:00 Coming up with new Strategies 33:10 Testing Strategies 37:20 Win Rate, Performance Metrics 40:40 Dealing with Stress, Trading Psychology 49:25 Advice for new Traders

[@tommyc120]

Tom Basso is a joy to listen to. Thanks for the interview Richard and Tom

[@TraderLion]

Thanks for watching Tommy!

[@aliibrahim1859]

Tom what an awesome human being. Thank you for sharing your knowledge and wisdom.

[@TraderLion]

Tom is great!!

[@captaina3295]

Exactly, position size is the most important part. We should focus on this. Thanks tom and Richard. Perfect content ❤️❤️❤️

[@TraderLion]

Thanks!

[@ramtalkit7032]

Excellent video and insights. Thanks Tom for being epitome of a calmness! And Richard for being a wonderful interviewers !

[@figgy163]

So calm and relaxed, great wisdom with very good topics, thanks to Tom, Richard and Traderlion for sharing.

[@TraderLion]

Our pleasure! Thanks as always Tony

[@martinluk5813]

Love it so much! Big thanks to Tom and Richard!

[@TraderLion]

Our pleasure!

[@BikeshBudhathoki]

Thanks Tom and Richard! ❤ I took some notes of this interview and I am pleased to say that it gave me some idea to start something new in my trading system.

[@TraderLion]

Our pleasure!

[@lmz123]

Great interview. Thanks. What was the book mentioned regarding position sizing please ?

[@aravindtiwari9702]

Amazing content!! Love from india.. 🇮🇳

[@TraderLion]

Thanks for watching!

[@jhanessavillar6999]

New subscriber. Very nice content . thank you.

[@TraderLion]

Welcome aboard!

[@rubyonnet3294]

What is the name of the book by Tom Basso being mentioned in the interview?

[@J_International]

Two Thumbs up (but I only clicked like once)

[@TraderLion]

Thanks J!

[@Yetified_Mayhem]

I like how Tom mentioned the Keltners. I would recommend anyone using those to combine with the Bollinger. I have a template I use for day trading and swing entries. Its easy to see how they work well together right away. Keltners, like VWAP, will be respected and keep u bearish or bullish and if youre extended. Bollinger bands will contract and let you know when an impulse is coming as well as extended.....Thx for another great podcast.

[@TraderLion]

Thanks for watching!

[@raghunandan1348]

WHAT r the books he is reffering on trend following

[@mohammadfarzan230]

Thanks Brother If possible please add episode no. with name of episode

[@chewie1355]

Trading oil is fun during wars and pandemics.

[@TraderLion]

👀

[@ryanellion]

Tom Basso

[@TraderLion]

Yes

[@xianlin7831]

Just general ideas ,nothing is detailed and even complete. I hope someone would get dimonds from it.Systematic traders tend to be secretive about their method . Fair enough.Thank you ,Ricard.

[@ARSHADKHAN-sb2lj]

Hy Richard. I have watched Tom two to three times on your show and watched all the shows but you know what you can't interview one person multiple times because of what he has he will tell you all in the first interview. It's kind of advice to not interview one person more than once on your show.

[@JohnsFishTales]

Not true at all. How many people have listened to everything Warren Buffet has said throughout the years? Each interview has new nuggets of information to take away.

[@dougtwigg3285]

This is disgustingly hilarious.