📘 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.
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
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.
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.
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.
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.
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.
