Top 4 Quotes & Sayings by Tom Basso

Explore popular quotes and sayings by an American manager Tom Basso.
Last updated on December 21, 2024.
Tom Basso

Thomas F. Basso is an American hedge fund manager. He was president and founder of Trendstat Capital Management. Trendstat was closed in 2003 when assets under management fell to $65M. He is the author of two books, Panic-Proof Investing and the self-published The Frustrated Investor. In 1998, he was elected to the board of the National Futures Association. He currently runs enjoytheride.world, a website dedicated to trader education. He is also the chairman of the board of Standpoint Funds, located in Scottsdale, Arizona, which specializes in all-weather investing.

As soon as you take responsibility for your life, you can change the world. — © Tom Basso
As soon as you take responsibility for your life, you can change the world.
I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.
When your account has these massive swings up and down, there's a tendency to feel a rush when the market is going your way and devastation when it's going against you. These emotions do absolutely nothing to make you a good trader. It's far better to keep the equity swings manageable and strive for a sense of balance each day, no matter what happens.
As long as you learn something from a loss, it's not really a loss.
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