TL;DR
Legendary trader Tom Basso (“Mr. Serenity”) shares how to stay calm, size positions correctly, and build multi-strategy systems to thrive in any market — no matter if prices soar, crash, or drift sideways.
Key Takeaways
- Markets move up, down, and sideways — your system must handle all three.
- Position sizing is critical: size based on risk per trade and market volatility.
- Multiple systems (“trend following + mean reversion”) help “fill the potholes” and smooth equity curves.
- Emotion control (especially awareness of greed, fear, frustration) is the real trading edge.
- Trading success isn’t about predicting markets — it’s about executing your plan flawlessly, without emotional bias.
Quotes
- “The market will do what the market will do. I just go with it.”
- “Execute flawlessly. That’s what I tell myself every day.”
- “Position sizing is risk management. It’s the difference between survival and ruin.”
Who’s It For?
If you’re serious about trading for the long run, not just picking the next hot stock.
Podcast: Against all odds research
Host: Jason Perz
Guest: Tom Basso
Length: 38 min
🎧 Listen to the full episode (YouTube)