The Trading Mistake 99% of People Make (Tom Basso's Secret Profitable Trading System)

[@TraderLion]

Access the presentations of all 24 experts from the 2023 TraderLion Conference. Learn from top traders, hedge fund managers, trading psychologists, and more - traderlion.com/YT_TLC23

[@alphabeta8403]

10:00 Develop your own unique trading strategy 19:00 Buy/Sell Engines 24:00 Attacking vs avoiding risk 38:00 Credit spreads during sideways markets 46:30 Rebalancing between strategies; mental side of trading 1:09:00 Quit predicting 1:13:00 Enjoying the ride

[@TraderLion]

Thank you!

[@AnnaPoli800]

I wish all KZbin videos were like this. So easy to watch and straight to the point.

[@TraderLion]

Tom is awesome!

[@TraderLion]

Follow Tom Basso on Twitter/X: twitter.com/basso_tom Tom's New Book: amzn.to/3Botpw4 Enjoy the Ride Research: enjoytheride.world/ 🕰 Timestamps 🕰 00:00 - Tom Basso - The All Weather Trader 04:58 - Why Copying Other Traders Doesn't Work 09:31 - How You Should Approach Trading 11:50 - Create a Personal Inventory of Yourself 14:48 - Tom's Objectives & Personal Inventory 18:34 - How to Develop Your own Complete Trading Strategy 23:01 - What an All-Weather Trader Must Do 24:28 - Attacking Risk Vs Avoiding Risk 28:04 - Timing Indicators Tom Uses 33:05 - Extreme Diversification & Stock Correlation 37:18 - Sideways Market 41:47 - Adding New Strategies 45:02 - Rebalancing Positions & Strategies 47:32 - Mental Side of Trading 49:00 - Never Trust Social Media Predictions 50:37 - A Personal All-Weather Plan 52:10 - Filling Your Strategy Potholes 55:10 - Limiting Drawdown by Sizing Hedges Correctly 56:24 - Independent vs Dependent Strategies 58:34 - Balancing Discretionary vs Systematic Trading 1:00:07 - Increasing Robustness in your System 1:02:39 - How Strategies Change Over Time 1:06:32 - Automated Trading Advice 1:09:22 - Secrets to Mastering the Mental Side 1:12:50 - Advice for New Traders

[@paulwu1301]

Tom is incredible and truly treated trading like a business, this is what trading is supposed to be.

[@TraderLion]

Yes 100%

[@method341]

I always like his interview in New Market Wizards and good to see he's still around.

[@TraderLion]

He’s great!

[@gheadwind]

Tom, ETR does also stand for enjoy the retirement! So much wisdom from Mr. Serenity!

[@TraderLion]

🙌

[@hdnotlost7314]

Thanks Tom and Richard for the interview.😊

[@TraderLion]

Thanks for watching!

[@codfellaz]

34:00 Good Introduction to Diversification of Portfolios!

[@mehdikhosh8879]

Great information and a great interview, Thank you so much, Mr. Basso and Richard.

[@TraderLion]

Thanks for watching!

[@Tman2.0]

Great content, Thanks to both of you guys !

[@TraderLion]

Thanks!

[@LukaszAdams]

Very informative thank you.

[@TraderLion]

Glad it was helpful!

[@chrisconti7916]

Wow, great video! Thank you.

[@TraderLion]

Thanks!!

[@rossljensen]

love the content, keep it up

[@TraderLion]

Thanks!

[@JB-mw7zt]

Tom perfectly outlined the benefits of futures❤ I love all of his information. Thank you so much Watching a second time

[@TraderLion]

We're glad you enjoyed it! Tom did a great job!

[@protomatala180]

10 percent a year is only good for guys with 6-7 digit accounts

[@TraderLion]

yes very good!

[@DustinHallen]

Those with larger accounts and in retirement tend to use longer timeframes which yield smaller returns. You can use the same strategy on shorter timeframes to increase returns.

[@kippsguitar6539]

But will double around every 7 years but I see your point, it's not much better than a couple of high dividend stocks and bonds for all that work!

[@ssunkite1]

Never underestimate the magic of compounding. It's a mathematical force of nature.

[@TraderLion]

100%!

[@tradex_megafund]

Hi Richard, you are doing a wonderful job here. Please is there a video on how the successful traders develop Discipline to follow their plan through good and bad period. I want to know, How they develop discipline to follow their plan. Please help

[@chrisnickles9498]

It’s mental. I read a few trading psychology books and that helped quite a bit. Be objective and let your rules guide your plan, instead of your emotions.

[@TraderLion]

Study study study. Once you have built a mental map of how stocks tend to act then you have to experience it in real time with money at work. After you experience the benefits of following your system it becomes easier to stick to!

[@trebailey4195]

Great interview

[@TraderLion]

Thank you! 💙

[@kingjimmy442]

Richard…Do you trade in Futures or Cash.🛡️

[@TraderLion]

Cash

[@kingjimmy442]

Thank you….This was a much needed answer for me 👍

[@kingjimmy442]

Does Deep vue work in Indian markets

[@nastynate4481]

I can't seem to come up with a strategy to hedge against the choppy market of 2015 where all my other strategies suffer.

[@TraderLion]

A trading system isn't supposed to excel in every environment. It should get you out of the environments that don't have the potential for outsized gains vs your risk.

[@nastynate4481]

@@TraderLion He runs multiple strategies that can work for each environment that fills in "potholes" I need one that fills in the 2015 potholes

[@jamanstock]

🥰🥰🥰🥰🥰🥰🥰🥰🥰🥰🥰

[@TraderLion]

❤️

[@skunkape5918]

❤✝️🕊

[@TraderLion]

❤️