Trend Following With Michael Covel

My guest today is Tom Basso, the trader most famously known as "Mr. Serenity" in Jack Schwager's "New Market Wizards". Basso, now retired, was a stock and commodities trader who was president and founder of Trendstat Capital Management. He is the author of two books, "Panic-Proof Investing" and "The Frustrated Investor". Basso became a registered investment advisor in 1980, a registered commodities advisor in 1984, and was elected to the board of the National Futures Association in 1998. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Location independence Making sure trading doesn't take up your entire life Stoicism Trend following in the emotional arena Mental exercises The psychology of trend following The "observer self" The mental aspects of success The importance of being able to lose small amounts of money Why trend following does so well when the black swans hit Basso's daily routine and the importance of routine in daily life. Covel and Basso also go through listen