Trading Psychology Event | Pattern Recognition | Part 2
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- čas přidán 27. 01. 2020
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In this second instalment of our trading psychology series, Tom Hougaard delves into the ‘deception of charts’, whether or not there is the perfect system and our self-awareness when trading.
He uses historical stock charts to depict trend lines and what he means when he says ‘embrace trading for what it is’ and the importance of stop-losses. Hougaard also dives into the big question a lot of traders must ask themselves; what is your trading philosophy? And is that in line with your own best interest?
He also shares what he learned from watching people trade on the stock market for a decade and what mistakes he saw people make. Hougaard also makes comparisons between trading the stock market to various diets, with his overriding message, we must have self-awareness of where we keep going wrong.
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Part 1: • Trading Psychology | W...
Part 3: • Trading Psychology Eve...
Part 4: • Trading Psychology Eve...
Part 5: • Trading Psychology Eve...
Part 6: • Trading Psychology Eve...
Part 7: • Trading Psychology Eve...
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#trading #stocks #stockmarket #tradingstrategy #tradingmistakes #events #londonevents
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This is so crazy watching Jason Statham teaching trading psychology.
lmao 🤣
😂😂😂 smooth lecture
Wtf 😂😂😂😂
Transporting Trading Psychology lol
Lol, are you sure he is Jason Statham 😂😂
Lol.. you are driven CRAZY man
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
That’s crazy, I’m just doing everything wrong with my portfolio.
very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance to make a from a financial-advisorr, you can be passively involved with the aid of a professional.
Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio
The adviser I'm in touch with is *Jude Ryan Mcdonough* He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me his strategy works hence my result. He provides entry and exit point for the securities I focus on.
It is fascinating that almost every trader knows the psychology aspect of trading but it is still so difficult to follow it.
thats a good thing
@@scarfo441 what is it exactly
you should trade in smaller sizes and HIGHER volumes. this way you dont care when you lose because you will trade hundreds of trades in a month to the point where you get used to it. the smaller size you trade the less damaging losses becomes. we all get extremely mad when are new tv breaks but none of us cares when small items in hour house breaks or gets wasted because the cost is insignificant even though over a longer period it can be costly, that's just how humans are.
@@kalidfxthisss!!! Finally someone understands
Investing in the stock market has HISTORICALLY provided higher returns than other forms of investment. According to Morningstar, the average annual return for the S&P 500 index, which measures the performance of 500 large-cap stocks, was approximately 10% from 1926 to 2020.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
@@lipglosskitten2610 please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
@@hermanramos7092 My advisor is ‘’Catherine Morrison Evans’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@@lipglosskitten2610 She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to making you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life...
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional
the market is profiting if you are using a good broker or account manager to help out with trades or provide signals
So you guys know her too?... Wow, she made me have my own house and car. She is awesome
ago I was skeptical about trading bitcoin until I was introduced to ma'am theresa. and must say her understanding and politeness
Sometimes I wonder if he uses magical powers to trade I've never heard or seen any of his clients complain of loss... I think he's just too perfect 👌🏼.
Why doesn't this video have 10M views, this will reduce the 95% retail losing to 50/50 at best! Good seeing my mistakes well explained and vow to change. Let's make money now.....
Thanks for watching!
people don't want to watch a lecture, they rather take the "easy" way out by watching those 10 minute videos that guarantee a bulletproof strategy
Hope u improved bro
They don't know. Best kept secret though
I concur
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones.
Investing in stocks can be a wise decision, especially if you have a dependable trading system that can lead to successful outcomes. Personally, I've been working with a financial advisor for about a year now. Starting with less than $200K and I'm now just $19,000 away from making half a million in profit.
@@martingiavarini I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same. Is there any chance you could recommend who you work with?
my advisor is ‘’Catherine Morrison Evans ’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
This is the most honest description i have ever heard,this took me 10 years of pain and losses to realise this,and last 10 years has been crazy rewarding,if you can align yourself with everyword he says,you life gonna change
I started with 51k and went down to 20k. I’ve consistently traded less and made weekly profits. I’m only a bit above 24k, but I have knowledge now that I can use the rest of my life.
Yep I’m right in the middle of the whole mental mind game right now, so this is good stuff to hear. Always learning!
9:14 - 9:23 is the true wisdom, loved this guy !
Yes it is....❤️
After the order got executed if the market is not going in your side then you have to get out with the stop lose and make another trade later.......
Open target & tiny stop losses.
You clearly won if you got at least 20/100 winning trades with that open target with massive profits....
I am doing almost similar things on M1. High failure rate but very very profitable
Whats his name?
@@pizzasurf Tom, trader tom is his youtube channel !
The reason he gets out fast is because he has on HUUUUUGE size and any pop in the wrong direction is a big loss.
09:15 That's EXACTLY what I did when I started. And it worked. It worked for both longs and shorts, in a very turbulent market. I even had a button that closed all my positions, which I called my "Crash button", that I pressed the instant I sensed things weren't going right. Then I started holding for longer and longer. The longer I held losing trades, the worse my performance became. I've always wondered why I haven't gone back to my original method. Having watched this video, I might try it again.
Have you returned to your initial style?
I am so relieved to know it seems like I am not the only one making that mistake... I will keep trying disciplining my greed. Thank you for the insightful video.
Good talk. Should got more views and likes. Very appreciate for those who sharing this.
Thanks for watching!
@matilda rosie Shut up Matilda...stop spamming
It’s really about the mindset. ONCE I discover there is a other way of R/R too combined with the Risk in Mind. I lost 33 Times in a row and was down -9% in weeks. Made it Up to 2% Profit now. It’s all about what he Talks about 🙏🏼
It’s all Psychological! I lost more than I could deposit but I didn’t quit. I was able to rebuild my account back
@@nazinas21 What was your main mistake?
If you can’t win paper trading then don’t use real money. Too many people dive in with real money and they can’t prepare for the losses.
In saying that, losing 33 times in a row and only down 9%, kind of tells me why you lost so many times. FOMO, tight SL’s, poor entries
Very good advice... Had I heard it before which could have prevented me from disaster. Thanks a lot 🙏🏾 keep posting 💐
I love the analogy presented so well. Beautiful actually.
I shorted the hell out of the bottom...or what is the bottom so far. Still, oof. I'm still value buying long positions as well though. It's probably been the best time in the past 4 years to buy stock, in my opinion. I hope the stock market absolutely craters, even if my shorts get blown first. I plan on shorting the crash and buying long DCA all the way down, too. I want to see a 60% stock market crash. We're only around 20% now.
I'm a very concentrated investor but sometimes there is value in adding a small new position. It isn't for diversification. Focusing on something new provides a productive distraction from overthinking what you already own. It allows you and your portfolio to breathe a little bit
@@augustineboruvka4396 Super excited about the next bull run, I’ve increased my buying again since stocks have been on sale, but I’d really love to know how to use this recession to my advantage, I'm aware a good lot are making a fortune right now and I’d love to do the same.
@@natalieattkisson7997 My portfolio is still down by 60% and It scares the hell out of me.
@@cliffordmatthew2789 Even the best investors lose money when when the market is down or when they make a decision that doesn’t turn out as hoped. But, overall investing should increase your net worth considerably, mine was not doing that I had to hire ‘’HELEN EUGENIO TORRALBA’’ who helped helped me understand what I was doing wrong and evident positive changes took place. you can Look her up
Wanting to see the market burn is the best. We buy when everyone is scared.
I’m deeply grateful to this man for sharing freely this precious teachings. It really made a difference in my life. Thank you Tom. 🙏
It broke trend but that candle at around 12:45 on the chart showed bearish sentiment, huge wick, shows sell off and indecision. If anything I'm making this comment to remind myself to provide myself with multiple confirmations when making decisions. Absolutely loving these videos.
Trading is such a psychological game. Your mind will make or break you. Also people make trading to complicated. Always trust your plan.
As some1 who survives entirely on sports trading having made more than 53 000 trades myself i endorse this..
I used to focus entirely on fine tuning my formula but the moment i started mastering basic psychology i started winning
I call this ability to see things as creative visualisation technique which i am going to introduce to traders in future..i find 36% hit rate can beat the market if one can apply money management using a simple trading sys, within set trading rules. Very authentic speech.
Sir your way of speaking in English is extremely well I never seen a person like you speaking such good way of english
Thank you so much for your speech and for you to share all this precious knowledge!!! :D
I'm so grateful to be here. I never thought anything more than this. I always rewatched your trading psychoogy everyday to get fully valid and deepen my understanding to rely on my trading. It was so relatable on what you've said. It changed my life forever. I learned a lot for you. Thank you so much.
Never knew bitcoin could be so challenging! Kept running back to these CZcams videos to learn more about this your video is indeed helpful. Thanks
Who else think this bitcoin is kinda easy but is way to nervous to start
.Sadly these are one of the changes in bitcoin profit is not always assured..
I was winning in a demo before I started a live account... All I can say is that I lost a sum of $1500 in there different attempts.
@@brandonhussain4258 .Demo account are risk free
@George Potter .Not everyone has the patience and persistence to grow account. Some may end up blowing up their account.
This has been very eye opening so far. Im not a noobie, but rather intermediate and i have invested/traded in the market, and i can identify with everything he is saying haha. First step when trading and it goes wrong is, Denial.
Awesome trading psychology lesson!!!
This is fantastic!
Outstanding master !
This lectures are gold
1 trade = 200$ loss, 2 trade 200$ loss, 3 trade 200$ loss , 4trade, 2k profit
Extremely good content in the speech
I think he’s a great speaker & I can’t believe someone was falling asleep 😮😂 I would kill to be able to sit in front someone like this and I would be hanging on every word! This is so valuable.
I think those who fell asleep were expecting the usual trading strategies and was not into psychologies but I agree with him trading is a lot psychological than most believe to be
Tom Hougaard delves、I feel a similarity in our personality even when I don't have that look in my eyes, as well as our experience in trading, is far too similar to what I have been able to understand from the Event. Well, I guess there are many of us I assume. Traders with a personality of observation, understanding, relooking at past understanding, gathering experience, and well as life goes on n on.
Thank you Tom.
Wayyyy Kool !!! Thx a Ton for the Post.
Amazing!
man, good advice!
this guy is terrific
"What a great job you did in the video! Your enthusiasm and expertise are really engaging."
Gosh, this is golden 🏆
I don't know how to thankyou for this incredible trading session :) I believe it would have changed lives and it will keep changing!!
Tom, do algos make any difference in this? Not just the conglomerate of traders, but the 'market makers' and their algos? Thanks, I do find psychology of one's self it 'key'. Appreciated! Happy New Year's, Bother.
The day I won by taking care of my mindset and psychology. Thanks !🥂
I don't know who this guy is or what i'm doing here ... but i like him.
Holding ✊🏾💎✊🏾 and brought more
A viking trader..thanks learned alot from you
The man tried to dash a few jokes but the audience was rock serious 🤣 😂 💀
Like bro😂😂😂
Thanks for your sharing!
Much love for your valuable words. ❤️❤️❤️
Thank You , Sir
Thank you very much Sir
I want to start investing. Is it safe to start now, or should I wait until the end of this possible correction/bear market, despite the economic crisis facing the world, is this the right time to invest in stock,Gold/crypto?
@Stella Chloe Thank you stella, I've been waiting for something to motivate me, I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in.I would be happy if you could advise me based on what I have no idea of how and where to invest in.
I've come across many recommendations about this Mis Grace Jennifer, her strategies and consistency. I think this is the right time to give it a try.
This is good channel
Thanks for watching!
Good teaching
Thanks for watching!
Trying to predict a random outcome by definition is insanity and trading is not about being “rite or wrong “ trading is about thinking in probabilities and understanding and practicing risk management.
Thanks
Absolutely f*cking refreshing.
GREAT GREAT
This guy is definitely born and raised in India
thank you
Awesome
Fascinated by trading, but it's a hard way to make 'easy money'. Not to mention the stress on an otherwise non stressful life
I am in my first month of trading for a living and it’s soooo scary lol .
@@traderparkboy4274 how is it going?
@@jacsonjames The market has been a tough tough beast for everyone, my account has been hammered lol, but my crypto account has done very well and it’s been a great 12 months overall, the habits add up over time and I’m still young, trading to make a living is impossible with a small account , but I did however learn the mechanics of making call options , keeping my bets small and losses small, I’m very excited in the future because we get paid in two ways , first in experience and second is money. Thanks for checking in !!
this video is awsome
Thanks for watching!
if you can succeed in trading, you can succeed in anything. 🌹🌹
Yra trading kahan say seekhi hy?
THX
Got it - no Mayonnaise on my stop losses.
Nice lecture sir. Does Tom have an official CZcams channel??
Thanks for watching! His youtube channel is here: czcams.com/channels/4C43bjs7bwwasNPecJm8bw.html
That's fine if he advised to hold the winners and not book at 1:2, 1:3... but I think he should also tell when to exit.... or should I keep holding my position for eternity... 😅😅😅 #NoOffence #ButLittleSarcasm
This guy is extremely intelligent at life...DEADEYE!
What's the name of the indicator he talked about? 7:36
Found it: Tom DeMark's Sequential™ indicator
lets goooooooo!
👌👌
11:26 this is me
I like his accent
please can someone help me i always makje profit but loss back thevprofit thesame day plesae i need advice
Having Cryptocurrency as an Asset and not been able to profit from them can be very frustrating.
Is this the right time to invest? Before I jump to the conclusion, I think you should take a look at things first
As an independent woman, I started my first investment plan with just $1000 and am now earning a weekly income of $4220 trading cryptocurrency with my personal broker
Bitcoin has been going down for a while, and currently it could keep going down or decide to go up. The truth is that no one knows, I think it's a good time to make a purchase and also seek professional help,,
Inspiring! do you think you can give me advice on how to invest in a healthy way like you do?
She's on Instagram
©Shanatrades_
Games called dot-to-dot 👍🏻
Is it just me or it went up ur mind too
Without touching it🤣🤣🤣🤣🤣🤣🤣🤣
The only thing that works is price action.
No
a real trader loves volatility ♥
What’s his name ?
i wouldn't try mayo and chips even if it helped my trades
Anyone do Stock?
Anyone heard of 88E? ???
97% chance of 11 losses in a row with a 20% win rate, that is too hard for most people
Bless his memory...As the late Pod G Williams used to repeat..."I mean to say....all of this is obvious...I mean to say...it is SCREAMING AT YOU...well...if you don't understand this...you have got to be stupid...because it is obvious......it is staring you in the face.....then...if you do not understand this........YOU OUGHT NOT TO BE TRADING AT ALL!... What he meant is that some of us are wired differently....and many who think they can attempt this do not carry labels stuck to their foreheads qualifying whether they are suitable or not...and I find it hard to suppress a giggle....🙄
Just easiest 500$ in my life. Best tactic ever
I've been considering the best ways to protect myself from inflation after hearing that a weak currency can be a precursor of an economic slump. As inflation is said to be a money-eater, I'm concerned about my $200k in savings.
A approach to protect against inflation is to invest in stocks. Investors must know where and how to allocate money to protect against inflation while still making profits, especially during a recession.
This guy is fuckinnn smart
14:35
14:46
W
I have been studuying trading for over 4 years now and I actually do find it really hard to get some decent information from this video... This is just a long winded excuse to be booked to speak, you could probably summarize the entire talk into 1-3 senctences and actually make your message clear.. I only got: fear is important to control (or emotions in general) and well... that's not very groundbreaking advice, is it?
Yep i thought the same he talk a lot but dosent say much.
Mark D
Series of opportunities
70% of the traders don't watch Part 2 of this video.
it is because they dont have enough market experience to understand this
Trading: 3:36
why would being wrong matter? you only need to be right about 33% of the time to just break even if your RR 2:1. if you're right 40% of the time with that risk to reward, you're literally making free money. you dont need to be right all the time, just enough to grow your capital.
I don't think you paid attention on keto. The chips were the problem, not the mayo.
His anecdote about chips, I believe, took place after his other diets failed and he tried something new. But still, I shudder to think that he tried paleo, atkins, keto, etc... And calorie counting was the method that worked for him. I hope that's not how my body decides to act when I get to be that age.
Bitcoin is exciting because it shows how cheap it can be.Bitcoin is better than currency in to that you don't have to be physically in the same place and of course,for large transactions, currency can get pretty
Inconvenient.
Well I think it's working there may be other currencies like it that may be even better.But in the meantime, there's a big industry around Bitcoin-people have made fortunes off Bitcoin, some have lost money . it's is volatile,but people make money off volatility too.
When Bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the bitcoin universe an algorithm replaces the function of the government... (that) is actually pretty cool.
@@rebaduke4448 It is not a speculative investment even though it is being used as such by other people. As Bitcoin network grows the value of Bitcoin grows. As people move into Bitcoin for payment and receipts they stop using US Dollars,Euros and Chinese Yuan which in the long-term devalues these currencies.
@@jordanwillie8898 Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. But I am not familiar with the specific product to assert whether it is the best potential setup. And we need a long time to establish confidence.
When I first heard about Bitcoin, I thought it was impossible. How can you have a purely digital currency? Can't I just copy your hard drive and have your bitcoins? I didn't understand how that could be done and then I looked into it and it was brilliant.
All I got from this lesson is that he eats mayonnaise with chips.
this is a great presentation and waste of time at the same time.... no more than 0.1% of the audience will make it.