To achieve trading serenity, you don’t ignore market volatility. You control it. Market Wizard Tom Basso shares how he reduces the first part of drawdowns and the importance of position sizing for capping risk on both individual stocks and his overall portfolio. The end result gives him an all-weather mindset for difficult markets. The Investing with IBD podcast is hosted by Justin Nielsen and livestreams on YouTube every Wednesday at 5 PM Eastern/2 PM Pacific. Check out our daily newsletter! https://get.investors.com/marketdiem/ Get more IBD by subscribing to our channel: https://www.youtube.com/@investorsbusinessdaily Visit our website: https://www.investors.com Like us on Facebook: https://www.facebook.com/investorsbusinessdaily Follow us on Twitter: https://twitter.com/IBDinvestors Follow us on Instagram: https://www.instagram.com/investorsbusinessdaily/ Follow us on StockTwits: https://stocktwits.com/InvestorsBusinessdaily Follow us on LinkedIn: https://www.linkedin.com/company/investors-business-daily Follow us on TikTok: https://www.tiktok.com/@ibdinvestors Investor’s Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market. #InvestorsBusinessDaily #IBD