Trend Following With Michael Covel

My guest today is Tom Basso, a trader who was called "Mr. Serenity" when he was profiled in Jack Schwager's "New Market Wizards". Basso 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. Although he is now retired, there's no half-life for experience in the trend trading world, and Basso has a wealth of knowledge that is relevant to today's trader. The topic is Trend Following. In this episode of Trend Following Radio we discuss: The psychology behind his trading How he kept his - and his clients' - emotions in check; and how being an entrepreneur can make you think differently Basso also discusses his beginnings - buying his first mutual funds at age 12 - and how he moved from a chemical engineering position t