Day Trading Psychology Talk London 2020 by Tom Hougaard Part 1 of 3
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- čas přidán 4. 03. 2020
- Day Trader Tom Hougaard - TraderTom talks about what makes a good trader. Day Trading Psychology and Traders Mindset.
👉 Why Normal Doesn’t Make Money
👉 Pattern Recognition
👉 Learn to Think Like the 1% - Day Trading Psychology & Mindset of a Trader.
👉 A Trading Framework
👉 Buy High - sell even higher - Sell low cover even lower.
👉 Trading Psychology - Traders Mindset.
👉 Richard Dennis.
✅ Visit Tom Hougaards website: tradertom.com
✅ Follow my Telegram group for FREE trading signals daily - all day: tradertom.com/trading-signals/
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👉 For more related videos on Trading Psychology & Day Traders Mindset:
• Psychology
👉 Videos about Scalping as a Day Trader:
• Scalping
#TradersMindset #TradingPsychology #DayTradingPsychology
This was the speech that lead me to becoming profitable. Thank you Tom.
That is great to hear - GOOD JOB!!!
Congratulations 🎉 I am on a demo account still and I know I have a lot to learn when I will start risking money. But I started to add to my winners and let the profits run and the difference is huge. I've never had problems with cutting losses. My problem is having a stop loss that is too tight. But I hope I can replicate this on a small account and then build from there
Yea inspiring to hear emotional trader speak. Not so cold and lifeless. Passionate and daring.
I think my time will come within short , I waited for long time.
@@margaridamdlas you go, begin making a system out of what works for you… and I mean a system in the literal sense: write it down, screenshot it, quantify it, and so on… don’t rush, just little by little, step by step, over time… from everything having to do with risk management to everything having to do with your psychology, thought patterns, and reactions and so on… build upwards little by little but don’t skip this thinking that everything will magically come by merely thinking about it. It is by no accident that the word “strategy” is constantly tossed around the trading world… this stuff you systemize will become your “strategy”… you want to know what setups work, what ones don’t work, you want to know the win rate of each setup, what risk to take (size, R:R, etc), and so on… don’t expect this to come overnight but just go slow and thoroughly through it, day by day building it up. Journal a lot about your observations of yourself and how you show up to trade every day and so on.
One of the greatest talks about trading ever!
I wish every new trader listen to this first before anything else because it is essential to develop good trading habits at the beginning.
Forget about technical analysis. Learn from Tom Hougaard and Mark Douglas. Develop the right mindset first.
Thank you Tom for the information, you are a very charismatic speaker!
Babis Fortomas,
thank you so much for your kind words. I hope you at some point can see Tom Hougaard live on stage. He just has SO much energy. When you have the time I'm pretty sure you will find value in some of the other Psychology videos on the playlist:
czcams.com/play/PLTIUSbN_V17W-c4gClZkfvnVT1bMDy5k6.html
To understand every word sentence in this video one should have minimum 5 years of trading experience. Listen twice or thrice, this is GOLD
Repetition is the mother of skill.” - Tony Robbins 👍
Every time I watch this again, Iam stunned by how how much good knowledge there is in this talk. This is gold!
absolutely
Should I give up on Trade?
What should I do?
How may I do better?
What I'm I doing incorrectly?
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
Kate Floretta
Face book
Google " katefxfloretta " anywhere take classes to learn to trade.
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH. stock,silver and gold)
When it comes to Trade, I can confidently say that bitcoin is the best option. But most people think it's all about buying and leaving it to rise but It takes a lot more you need to trade it to earn daily.
Simply a priceless talk into true nature of the trading game. I vividly remember the first time I watched it. After a couple of years, desperately searching everywhere for the sceret of making money out of the market, going through the first 10 min of this wonderful talk, I just realized I found the right way!
Now, I watch it almost every sunday evening to get mentally prepared for the upcoming trading week.
I've watched it so many times I think I could do the speech myself. 😉
I'm watching this a 2nd time because this lecture corrected my trading and now I trade without fear, adding to winners, with reasonable confidence, looking for reasons I might be wrong will concentrating on wins and cutting losers.
As of now I'm at 54% annualized and my highest trade was 190% annualized.
I look forward to see what lessons are here that I may have missed when I was less well formed.
Darth Trader, That is so great to hear. GOOD JOB 👍
Many of the videos here are rather long. So watching them a 2nd or 3rd time isn't stupid at all. When you watch them 2nd time you have already built on your knowledge and therefore have a better chance to get missed info.
“Im not gonna attempt to show you how to trade. Im gonna teach you how to think.” Coldest open ever!
My favorite speech. Listen to it every week before starting the trading week..
❤❤❤
One of the greatest trading seminars ever
🙏
this is pure gold ..what I like is how he addresses how its not perfect and how he points out even the professionals are not perfect gives me hope that I can learn and become a better trader
Thank you
Don't forget part 2 + 3 ;-)
hahahha love this guy. "i don't wana be told i am rubbish at this..... Tom stares dead in the eye: BUT YOU ARE. so true man, so true.
Great presentation. I'm reading Tom's book, The Best Loser Wins, and this really helps solidify the information. Tom is pure Gold.
"When you are the good trader everything you do hurts" Respect
You get better when you press yourself to the limit. No Sunday golfing 👍
This is by far one the best thing I have ever listen about psychology in general...
Most underrated video
i listen to this every morning before trading
doing it right now, and plan to do the same.
Thanks Tom. This did clarify a lot of the problems I have encountered in this Journey. Form Kenya am grateful.
Oh god, I watched a lot, a lot and a lot videos about trading on CZcams, but this one clear the fog why trading is so hard. Your voice pressed the thing damn good. Thank you Tom.
Excellent point about flipping coins and managing the trade. Said it all.
Been trading for over 30 years and just came across Tom. This is superb trading information!
Practice does not made perfect practice makes permanent. Priceless
I followed your advice to buy more when it goes up and it was the right decision. Thank you for your advice.
Tom I wanna thank you so much for uploading your seminar for free on CZcams. It helped me a lot on my journey. And I hope other traders will also get enormous benefit from it
You are welcome Candis 👍
Don't forget par 2 and part 3
I traded a $3 account to $210 in 3 days of trading taking only 6 trades. My draw downs were almost non existent to very short lived. My trades were pretty much going in to profit almost instantly.
How ever on 4th day of trading i took a losing trade of $5, so i stopped trading then i had a inner urge to take another trade, then another loss and another then within 4 hours the account was to $0.
So next time i started with $600 and grew i to $4000 again with ease and swiftly. Then one day i blew the account within 3 hours same cycle as before.
Then i have started with $50 in 2 days i turned it to $337 then again blew it.
Then i started buying courses thinking i need to learn more.
I am now so glad i found this i will now look in to my own emotions and thinking. If i can fix my thinking and control my emotions i will transform my life
90%+ is in your mind.
You should watch this one as well czcams.com/video/d7wQIsdiXZQ/video.html
This video does not have millions of views & it is one of the reasons why only 1% of retail traders succeed in the market!
Thank you 🙏
We need them to get money from them 😂
So glad I found Tom's videos. It's brilliant!
As someone who wants to learn to trade, this makes sense
Thank you Tom for sharing
Excellent presentation, masterpiece of trading psychology, thank you very much! Love it!
Thank you Kevin 🙏
Got up in the middle of the night and was listening to this. Now I am sure I won't fall asleep again. Cannot wait the markets to open😅
How you doing so far budy?
Tom is one of the GOAT'S
Great video Tom. You're one of the best traders in the world, because you THINK DIFFERENTLY TO THE LOSING 90%. We,as traders lose, because we get in the way OF OUR OWN POTENTIAL!! The late GREAT Mark Douglas, use to say YOU DON'T need to know what the Markets going to do , to make a winning trade. ( that never made sense to me - until I went inwards ( my mind being the problem) Follow a process - Rinse and repeat........Over and Over again!!!
Thank you so much Phil. Can I assume you watched part 2 as well? czcams.com/video/sg_OTc0lRko/video.html
His book is one of the best in trading psychology
Thank you Tom. You are a Legend 🙏. Priceless speech
I LOVE the way you think.
What an edge you have over the rest of us, wow 👏👏👏
to be 100% true - Tom's edge is not any setups but how he trades them. It's 90% mindset.
Simply astonishing presentation....this guys level of thinking is far above the standard training education garbage we see everywhere.....similarly by understanding the law of large numbers and central limit theorem my trading has reached the stage where I am in the zone because of understanding how math and randomness works and my interpretation of it. But like Tom said I had to really interpret my understanding of fear and discomfort which was a HUGE step in the journey
Thank you so much for your kind words. When you have the time Toms Psychology playlist could be worth seeing: czcams.com/play/PLTIUSbN_V17W-c4gClZkfvnVT1bMDy5k6.html
And perhaps if you can take bad sound and annoying translation the Kiev talk: czcams.com/video/Tp2FPwpkB50/video.html
I remember when I first started trading MES futures. My best day was when I added to my positions as I was winning. The market happened to be trending up the whole day. The next day It was on a downtrend, and I added to my position as the market was dropping. That was my worst day.
Incredible. Every trader would benefit from this talk.
Thank you 🙏
Don't forget part 2 + 3
Seriously just wow. Inspiring and motivating. Thanks Tom 🤲
Thank you 🙏 Don't forget part 2 and 3.
the best video for trading i have ever seen.
🙏 don't forget part 2+3
Tom, I am impressed! This is the third or fourth video I am watching today. Obviously, you know that but to all those who are learning to trade: Tom gives you the essence, the key, to become consistently profitable. The material is deep, comprehensive, honest... simply great stuff. If you are learning to trade or struggling to become profitable, watch it again and again until you get more and more out of it. I have been day-trading for 12 years every day and know what Tom is presenting in his videos can change your trading and your life. In my opinion, learn just a couple (2-4) setups and apply the money management techniques and psychology he is talking about with discipline and you will increase your chance to make a living trading stocks, ETFs, futures, or options (do not know about FOREX, because after a couple of attempts on a demo account, I did not think it resonated with me). Tom, you have motivated me to get rid of a few of bad habits (such as trading momentum right on the open, or sometimes holding on to losing day trades overnight) that I still apply and stick to my setups and plans. Excellent. Thank you!
Thank you so much for the kind words. 👌
Thank you Tom a lot!!! You so right and so helpful to open my eyes even I know that I have mental problem enemy inside me- you make it more clear!
Thank you 🙏 and your first step is to realize you (like most of us fight with your inner devil) have this issue. I think you will find helpful content at Toms Psychology playlist.
been watching the charts this week each day after work. im gonna start demoing this next week God's willing.
You've changed my life in just a few lectures and webinars on youtube, thankyou for everything
You are welcome - and great to hear.
I haven't slept for a moment.. that's gold right there.. hope I will meet you one day..
Well I just got a wake up call and to be honest this guy is 100% correct just think about it if you've been resolved that you don't want to achieve for the last 6 to 8 months in trading then you got to figure out your mind break down your mind and think different
This was mind blowing tom, thank you ❤
I’m really greatful that i ended up to watching someone whome increased my vision and gived my great ideas and connected the dots for me ,thank you
That is great to hear.
Don't forget part 2 and 3
Just became a member of your VIP group, and I'm so excited to learn from the best in the business. Thank you for this incredible opportunity!
Perfection. Clarity. Sensibility.
Thank you - don't forget part 2 and 3.
Absolutely astoundingly excellent presentation, Tom. Thank you very much! I have seen tons of lectures etc on trading, but none is so eye-opening as yours ! Thank you very much.
Thank you Simon 🙏 - don't forget to watch part 2 + 3
@@LennieClausen_dk Yes I've seen them all, even Tom's other conferences & scalping videos: absolutely original Psychological approach, really really useful advice, and yet I've studied markets as a pro and personal hobby for 20 years.. Thank you very much !
Hi Tom, I'm not into trading though came across two of your interview clips ("Be Part of the 1% who succeed"; "Discipline is the Holy Grail"). These elements of you combine to make you awe-inspiring: intellect, confidence, appearance, accent. I like how your passion is evident when you know you are right about something. The fact that you aren't afraid to identify and call out what makes the 90% mediocre. 50:39 is great!
Hello Paul, Thank you so much. This goes for much more than trading. Have a nice weekend.
@@LennieClausen_dk Certainly and thank you.
Tom, I don’t know what should be the size of my thanks to you, maybe the whole universe. Was watching this video a while ago, thinking, tried to change my trading style, nock on wood, it worked! One of the things - to increase the position when it’s profitable, maybe another - no more technical analysis. Yes yes yes!!! All the best to you!!!
Thank you Olga 🙏
Amazing speech!!! Thank you so much!
Thank you 🙏
Don't forget part 2 and 3.
After listening to this. I added to my winning position and crushed the Dow! Thanks Tom.
🙏
One of the best videos ever made on trading.
Thank you so much, John. Did you watch the 2019 talk too? czcams.com/video/ozaOAupN5_Q/video.html
You are a great trader! I like how you talk about the psychological make up of a good trader because to me that's everything in trading. Honestly that's what makes you my favorite female trader on CZcams and could honestly consider you the best because you do this on multiple broker platforms. Thank You for the value you give!
Female?.....
No, gmail😂😂😂
amaizing i see this once a month, thank you tom
Thank you 🙏
Don't forget parts 2 and 3.
Thank you Tom.
Gobstackingly brilliant presentation. End of. Totally inspiring.
Thank you for the nice words Mervyn Guest
. You can find more related videos here: czcams.com/play/PLTIUSbN_V17W-c4gClZkfvnVT1bMDy5k6.html
What i have gained from this seminar! Just go with it, let the market do it's thing. Let's say you put in for a position whatever that may be!? Go into the trade already accepting that this is what you are willing to lose. On the flip side, don't even consider what you could gain or when to get out of the market, leave the market to show you. Set a T/P if you must but just let the market hit it, if it does great if it doesn't so be it! Work within the funds you have but allow it!
Hi SMURFINGAMING
, I think you got it. When you have initiated a trade you should accept the risk (stop loss) and wait for the profit target to be met. However, some times close is close enough to take a profit.
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.
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.
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.
Patience patience patience. It's a cycle.... a sucky point in the cycle, but a cycle nonetheless.
Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
Most insightful few hours on trading. If I can implement 10%, I would be a better trader.
Thank you 🙏
You might find value in the very first video posted on this channel.
czcams.com/video/d7wQIsdiXZQ/video.html
Thanks for sharing with the communty tom, i find your videos really educational and enjoyable👍👍
You are welcome, Sebastian 👍
This was perfect thank you 🙏🏾❤️👁 I lift all your vibrations in love and light
Great to hear you liked it. Perhaps this one would be worth your time as well: czcams.com/video/ozaOAupN5_Q/video.html
One of the best 90 minutes I spent on YT, thanks so much Mr. Tom!
Thank you 🙏 Don't forget part 2 and 3
@@LennieClausen_dk I had seen them, they're also uploaded in another YT channel, awesome seminar :)
@@izzyrov5814 Cool we really don't care where you watched as long as you did 👍
ohh Tom mentions a few things on the Kiev talk which he rarely mentions. But you have to stomach bad sound and very annoying translation.
@@LennieClausen_dk I didn't know Mr. Tom has got his own YT channel, I subscribed right away when I came across it. Thanks for the info, I'm gonna watch that seminar in Kiev :)
Great Man. Hands Down
watched the series. Just want to say thanks!
You are welcome Niko 👍 We hope they will help you ...
Btw look forward to the Copenhagen Talk 2021 (UK subtitles). It should be up in a few weeks.
Wow! What a GREAT STUFF presented from an absolutely GREAT BUDDY! Awesome! "I think you know me?! How do you know how I already think while my daily seccions?!" ;-) My human nature is quite hard to crack... but I´m already on it... I think I´m not alone... Keep on producing great stuff. Thank you! Thank you! Thank you! Greetings from Austria
Thank you so much 👍. Don't forget par 2 and 3 😉
London Talk 2019 isn't stupid at all when you have the time.
@Manuel Kiss
The Kiev Talk has a very annoying translation. But if you can live with that Tom Hougaard have some very good points in that one he hasn't share anywhere else.
Man i started cracking up around 36 mins. This is the first video i have seen of yours and its full of gold. A member from babypips recommended you're channel and i am really glad i checked it out.
Thank you for your nice words, Will. It is always nice when traders help traders finding quality content 👍 I hope you find more videos you like on this channel.
Trader Tom Big THANKS !! I'm feeling it, watching it all. SUBBED
Welcome to the community. If you are in the Telegram Group (free ofc) you can find a ton of free education. tom has a 2 weeks break so if you have not been added yet give him a few weeks.
Tom, thanks a lot for helping us out who are still struggling to make it. I already put like 5 hours everyday for last three years , first year was disaster, second year was less disaster, now this is the third year, and I'm not loosing so far. I'm really trying to make this year profitable and never look back. Your videos really help. Joined your day trading room to learn about CFD's. God Bless you!
how do i join his group bro, please help me
@@raypatron1953 pls request Tom at @TomHougaard . Use Telegram app
@@Raj-kw3tn Thanks Raj. im sorted now bro
@@Raj-kw3tn Thank you, Raj.
What you have told sir it's absolutely ground level problem of a trader
Thank you so much....sir words can't describe my fellings.. you really open my eyes love from India...
Thank you 🙏
Don't forget to watch part 2: czcams.com/video/sg_OTc0lRko/video.html
And part 3: czcams.com/video/8_ApSnc7k2A/video.html
Thank you so much for asserting me
You are welcome - don't forget to watch part 2 + 3
❤... from India.
Hello Trader Tom, unfortunately, other people can not replicate you, exactly as you could do. This is what I learnt, during my small life experience. You are you, only one piece in this mother earth. Others, either can be better than you, or worse than you, but just can not be you, because of your training. A person can not be trained to become leader. He need the leadership qualities developed in his blood.
amazing speech
Buddy that is awesome . An wonderful presentation.thanks
Hi Joy Barua
, thank you so much.
May God bless you even more,you changing our lives here ✊
Very impressive....covered all of my problems
That is great to hear. Don't forget part 2 and 3.
Last year in London, I had the pleasure of meeting Tom. A good soul with a fantastic personality.
Thank you 🙏 And yes I agree 100% with you. But I might be a little color on this topic 😉
@@LennieClausen_dk I also had the pleasure of meeting you as well, my friend. 🤝
@@sayed_r I think I need to see a picture. We meet so many people. And need to remember real name, Telegram name, and youtube name.
Hats Off
“Pressing the position” big enough. That’s fine if you have a ton of money of lose. What about those who don’t ? So, therefore, I will continue being cautious and not too greedy. I know that’s likely frowned upon to Tom and his followers. However, it’s what works for me and helps me be part of that small percentage of traders who make money. Either way, good speech!
Bet smaller initially and as you start winning add to it
It's fractal, start small and add.
Best best best. ❤️ ❤️ ❤️
Now you're my second favourite person in psychology of trading. 🙏
First one is Mr. Mark Douglas 🦋❤️
Thank You So Much For This Amazing Beautiful Fantastic Powerful Outstanding Gift To Me. 🙏
You're amazing, you're awesome, thank you thank you thank you. 🙏
Hi iElliottician
, Thank you so much for your kind words.
This reminds me to the trading phycology workshop of mark douglas, with more humor.. of course .thanks tom
Very good
Really appreciate it.
🙏
really good! Thanks for that :)
That is great to hear Patric 🙏
Don't forget par 2+3.
If adding to winning positions were an absolute virtue, then no one would ever take profits. I accept that traders tend to take profits too early, and that that tendency is rooted in the desire to mitigate pain, but this presentation leaves the audience to guess when profits are ripe for taking.
Never. Just move your stop loss and let the market decide what profit you get.
This is gold
Thank you 🙏
Your video is a great inspiration to me although i still have much to learn due to the situation of me being a beginner and thank you so much for that Tom!!!Keep up all the good work and keep enlighting us with your knowledge and experience.Subbed of course.Cheers
Welcome to our world. And don't expect you can master it in a few weeks.
Waiting for the book Tom!📚
Me to even thou I have read an early edition. But I want that (signed of course) hard copy. 😃
I really enjoyed this video. Tom is very engaging. Mindset is everything. Nicholas :)
Thank you, Nicholas if you have time at the weekend you can find more related videos here: czcams.com/play/PLTIUSbN_V17W-c4gClZkfvnVT1bMDy5k6.html
Just amazing....
🙏 Don't forget part 2 and 3.
👍 - Enjoy
I'm 21 from India ...interested in option treading and this video will changed my life.. because my perspective is now changing day by day...and as practice makes permanent this will also become permanent... thank you so much
Thank you. 🙏 What you trade really doesn't matter but your mindset does.
@@LennieClausen_dk yes and it makes sense to me now...and I think to be a successful treader I have to follow the successful treades and that's why instead of making new strategies I'm doing more to improve my phycology and mindset ...😊❤️
@@immersivegaming8591 it is so easy to change trading system .... but looking inside is the hard part of this "job" 👍
@@LennieClausen_dk I agreed 😊
Thank you very much Tom
You are welcome. I hope you also had time to watch part 2 of the talk: czcams.com/video/sg_OTc0lRko/video.html
Good 👍
sir this video change my mind my trading the day i adding more to my winning position thank you so much
You are welcome.
And that is great to hear 👍
Exactly the same with me, it’s magic!!!
This was the motivational talk I needed.
Still got some issues to address.
Going to use some highlights for my mental preparation.
Thank you - you motivate us to make more ... Don't forget to subscribe - more good content on its way
The first video when you talked about trading even if the market has moved too much really changed my trading Tom ❤️
Hi Bosses, then the other videos on the MindSet Playlist could be something for you - subscribe to get all the new content
Very usefull video altough i m not trading i m into betting the same concept almost applies where market is not going in your way i would ignore my fear and keep hoping for the market to change.
Thank you so much.