Blame it on the Bossa Nova with New Market Wizard Tom Basso - podcast episode cover

Blame it on the Bossa Nova with New Market Wizard Tom Basso

May 27, 20211 hr 17 min
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Episode description

How do you get included in a Market Wizards book? How do you get a whole Michael Covel book written about you? You move from charting markets on graph paper to point and figure charts to running systematic models on an IBM computer in 1980, to running $600mm plus via Trendstat. We’re talking Havalinas and Bassanovas with none other than Tom Basso in today’s episode. Tom is a New Market Wizard as identified by Jack Schwaeger, and now semi-retired, trading his own money in between dancing and wine making. We’re covering trend following, Arizona, raising money, enjoying the ride, making money, risk management, the mistakes big investors make chasing returns and bailing on drawdowns, facebook, trading red bean futures, chemical engineering, slippage, golf, and more.


Chapters:

00:00-02:18=Intro

02:19-11:09=Arizona Pastimes

11:10-20:36=Back into Trading

20:37-36:00=How the Legend Started

36:01-01:02:12=150 Meetings

01:02:13-01:08:56=Mike Covel

01:08:57-01:17:15=Favorites


Follow along with Tom on twitter and on his website, https://enjoytherideworld.odoo.com/

From the episode:

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Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer

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