Best Loser Wins - Flip The Switch
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- čas přidán 25. 08. 2024
- Tom Hougaard - Trader Tom - Best Loser Wins Flip The Switch
Best Loser Wins - FREE Article:
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Best man. Tom changed my trading game. He is the single most honest guy in the trading game.
True story. Tom is everything the fake gurus should be.
@@DavidElstob73 Spot on
Thank you 🙏
True Tom is An example of a true trader...
@@guyredares No one asked you to be here. If you don't like what we provide for free ... with no stupid youtube ads. I bet you can find a lot of other channels.
What the 95% do:
1) Buy the dump. Trying to find the lows instead of looking for a place to short.
2) Short the pump. Trying to the find the highs instead of looking for a place to buy.
3) Adding to losing positions.
4) Not adding to winning positions.
5) Increase position size when losing trades and decrease size when winning trades.
6) Taking profits because market will take away their profits
7) Increasing stoploss because market will reverse
8) Starting trading with high sizes to get the dopamine from gambling and getting huge rewards.
What I do, why? Because I aspire to be a consistent winner:
1) Look for a place to buy in a mark up phase and a place to sell in a mark down phase.
2) Add to winning positions
3) Reduce size when I'm losing and increase size when I'm winning.
4) Take profits systematically and hoping to get more profits. And always looking to decrease my risk.
5) Trade with lower size to get my mentality and trading better and then increase size gradually over a number of trades and samples.
6) Waiting like a lion for my trade. Not trading every market movement. And if I fail, I try again, and again, and again. Does a lion give up because he fails one time? No.
Thank you TraderTom.
You sum it up pretty well 👍
😍😍😍😍
No words!!!
Uhm no, buy the dump is the best because it is the original of the new (up) move. This is the trap that catches all the retail traders, but you need correct tools to spot institutional buying and not from liquidity providers 😂
Criminally underrated video that is 2 years old and still relevant to traders at a fundamental level. This is the video that got my sub. Thanks Tom
Im not a trader but i read this book its switch my mindset to 95% to 5% not complete but im trying...i got this massage to my life.not to trading..thank you Tom ❤️❤️
it shocked me when i realized that ive been working wrong this whole time now i am confused on what to do i just bought the book so im going to start reading it and after i finish i will just try to figure out what to do next but it hit me man i still want to trade i just dont know where or how to go and how to do it i started to give up but im going to do something new and just watch the charts everyday i dont care anymore
2 years later I’m watching while up $200+ first day $15,000 prop firm challenge
Dear Tom, you definitively helped me out with my trading and I did not regret to buy your book + to watch your video - especially the last advice to focus on the process beeing professional rather than getting angry. Thank 1000 times, Tom, I hope to see you once in person and to be able to tell you my personal success story!!
I lost some position but then I reminded myself all that Tom is trying to teach ( inculding today subject - best looser wins ) and ended day with a profit... his live trading videos are awesome and I treat it like a mentorship :) Great Job as usuall.
Good job. And I agree you can find good sections on most streams. I try to get time stamps for all ... but it really takes time.
Your videos really opened my eyes on how i see trading, especially when you said at a talk ' Most people who trade are smart, but that's exactly why most are losing, thinking smart and logic is exactly what doesn't work ' something along those lines. Since then i threw everything i knew out the window and focused on taking positions where no one dares to, and to much better sucess, so i want to thank you for sharing your knowledge and wisdom
Thank you, Thomas, I have posted links to "Best loser wins" article in the description/pinned. If you haven't read it you should.
Tom Completed your Book and Loved it.. It looks Bhagavadgita of Trading Psychology.. I need to read 5 more times to sink in the content for Practicality. You deserve the BEST. Awesome last chapter.🙏
“What is your process?” Best place to start as a trader. Excellent video Tom.
Again, really important video for me. When I lose a trade I usually try to double my position in the next trade, instead I should cut it by half as you suggest, to calm my mind. Thank you for you great teachings!
I was elated when my copy came - earlier than expected as well. This is a great book! I love the story of the first time Tom added-on to a trade. The next day after reading this, I entered a trade as the emini was breaking out below supp - the next bar closed at its low, so I added on. It felt great! I am learning to trade and my expectations are that of a learner and it feels great to do something that I know I should be doing. Love your work Tom Hougaard!
That is great to hear - Good Job
Brilliant video Tom! You REALLY shine in so many ways when you're on video format! Your voice, manner, tone, warmth and humor. Please do more video work with your live trading! Cheers and thank you for all you do!
Grant X you should really watch Tom live on stage ... That energy he gives is just amazing.
This was brilliantly put together. I’ve been watching videos on youtube and with professional help, I’m making outstanding progress with my trades.
I’m pretty new to trading, and all this just seems too complicated to understand. How are you doing it?
Herman Jonas is the brain behind my success. As a pro trade analyst, he oversees my trades making me colossal profit. I just reinvest at intervals.
I tried trading myself some time last month and lost a ton of money as I was ill-advised. Can you please direct me to him as I’d like to hear from an expert?
Hiring Herman as my expert trader was a game-changer. His in-depth market analysis and strategic insights have consistently led to profitable trades. I've not only grown my portfolio but also learned a lot from his expertise.
Oh Herman 🤦🏾
Just came here again to say that you changed my life, man. Will never be able to thank you enough. Take care, my man!
NO, you did it - Tom perhaps guided you in the right direction Good Job 👍
It’s not about winning it’s about losing gracefully.
Thank you for all your efforts Tom. I was having a bad morning but listening to you on telegram really helped me remember how important it is to just breath! And get back in the game and go back to the fundimentals of your trading program.
I really am so happy the publishers have fast tracked your book... can't wait!
Thank you, Paul, 🙏 15-30 min of fresh air also helps a lot when you have those mornings.
I am an Indian trader, live in Salisbury UK. Following you since a month. Excellent & knowledgeble videos. Thanks a lot....
Thank you 🙏
Great content Tom! No flashy guru shit, just calm rational thinking, it’s a breath of fresh air! Cheers 🍻 from 🇨🇦!
Thank you Kris 🙏 that is exactly what we try to do. We have no ads here we sell no t-shirts or cups. The t-shirt thing is a mistake - I would love to have the shark quote on a t-shirt ;-)
One of the best traders, you completely changed my mind and psychology to the best, thanks
Thank you Abdulla 🙏 That is great to hear.
Amazing trader with brass balls. Refreshing to see a totally open and honest trader. All the best to you Tom.
Thank you 🙏
You will find other good content on the channel.
Thanks man. I am a follower of you telegram but never send a message. Anyway i want to say thank you. You re the only one that post the trades before happening.
Thank you 🙏 ... most gurus are busy selling online courses, paid for rooms or indicators.
I am so glad I found your channel and website Tom. It’s been a huge help learning and you can’t imagine how much I appreciate that you’re giving all that help for free. It’s amazing what you do 🙌🏻 Next I have to read your book!
I agree with you fully, before I was soley focused on whatever I make or lose money at the end of the day, now looking back on it, it was more luck than anything else. Now at the end of the day, I count how many trade I did was following my own rules vs let my mental pitfalls take over, even if by the end of day I was losing but if I was following my rules than that day would be a success. Same for if by the end of the day I was earning but I traded base on fomo, chasing, revenge etc. than I would consider that day a failure.
Truly admirable trading and transparency Mr. Tom - I will learn from this lesson and reflect, thank you sir
i've been following you for over 2years now TOM theres none other who does it best then you so transparent and honest about what TRADING Is and what it isnt
It is really sad that most of the legendary traders died... Jim simons, richard denniis, david paul, mark douglas.. Long live tom!
Recently found out about you wish i found you sooner. Watching someone share information without trying to sell a course feels refreshing. It always puzzled me why successful traders need to sell information or sell courses because if they focusing on selling courses when are they trading themselves and I think the truth is they aren't. Much easier getting money from people who want to learn than risking it in the market.
As Tom said on a stream we don't have to screw you to make money we can do it together.
Great video showing the chart and explaining is very helpful 🙏🏻 thank you
Thank you for your time and effort in helping developing traders. Your book hit home in a major way. Blessings to you Tom.
That is great to hear 👍
Tom, I applied pyramiding winning position as you teach in the book. It was really difficult mentally at first however it worked very well. Before that, I always scaled out winning trade. It feels good but not the right thing to do. Thank you very much.
Thank you Tom for sharing your honesty 🙏🏻
Amazing content, I came across you by accident Tom, and thank god I did. There is only word that sums you up my friend. You have 'INTEGRITY' . !! Have read you book 'cover to cover' every single word is a golden nugget'. If that does not show people how to join the ranks of the 10% of traders who make money, I don't think anything will. God bless you my friend, you have a good heart and the only person in the trading arena not ripping people off selling useless courses. The crazy thing is ALL your stuff is 100% FREE. I mean if that does not motivate anyone to get of their back side to learn the skill of trading , then they don't deserve to be a success in the first place.
And as crazy as it sounds I am working on 2 or 3 videos to be posted soon. We/failed to/refused to turn on ads,,, Stay tuned.
Really difference making details and aproach! Thank you!
I surely agree with your basic philosophy. Clearly there is hardly anything such as winning or even losing....its really a matter of how we think of what is happening to us. Which is clearly different to the perception game most humans instinctly gravitate towards!
appreciate ur efforts to teach rookie traders... ur youtube channel is so underrated... gold level knowledge by a top class trader
Thank you Tom. I probably learn the most from you…
Thank you for watching 🙏
I have just finished the book less than 30min ago. Absolutely love it and love you for doing what you do. God bless 💙
That is great to hear 🙏
Thank you Tom for the Telegram channel and all the help you give! It is very much appreciated.
You are welcome 👍
Thanks Tom for yet another awesome video. An amazing amount of knowledge you pass on to us and I as well as many many others are grateful for the non BS.
Thank you, Anthony, 🙏 It is always great to hear that our (Tom's) helps people.
Mr. Tomorrow I am watching you closely for two weeks now. I love your style and your hard work! You are an inspiration for me. Thank you for sharing with us and all your effort to teach us! Thank you 💛
Thank you for taking your time to watch 🙏
If you are new here you should watch London talk part 1,2 and 3.
Link to part 1: czcams.com/video/pDPv0k1K7bI/video.html
Thanks Tom! Deeply appreciate your work
Genius!!! You are the best Tom, thanks, I've been following for a year or so.
Thank you 🙏
Indeed!!!!!!!!!!!! the Only True Honest Person I've seen in 15 years!!!
Thank you 🙏
Adding to winners. Excellent. Thanks Tom. You are a Legend.
Great book, I've swallowed it it few sessions. Thank you for sharing your experience.
What an amazing video! thank you for sharing this!
Wonderfully explained a very valuable insight....grateful to you...and most importantly highly impressed by your regards to your mentor Dr VP..whom I do admire a lot...regards
Thank you tom ,i have ordrerd your book ,cant wait 👍
I was soooo happy to see a CZcams notification that Tom had posted a new video! Yips. Thank you again for your wise words.
🙏
Thank you … I appreciate your wisdom
The Disgust Chapter… 🤯
Thank you!
Hi Tom. I am very grateful to come across your videos and the simple methods one should learn and be aware of while trading. Thank you so much for helping everyone who wants to learn with clear mindset. I wanted to know if you have shared videos about the STOP LOSS strategies you follow. I have heard terms such as Tight SL in this video. Please help.
Thank you tom ❤ reading your book and mark Douglas trading in the zone has reset my psychology has changed my life.
The last trade I took, 2 days ago, the 5 minute turned, the 1, the 15, even the 1 hour turned, finally a stubborn resistance was broken, I entered. The very next 1 minute candle, a devestatating red dagger that blew right past my stop, I exited immediately with an unacceptable loss. It was the right exit because the next 3 candles dropped like a 10 pound stone in a pond. About an hour later it managed to retrace back up to break even but failed at resistance again. If I had held on I most likely wouldn’t have survived the price action and taken a devestating loss.
The point is, relative to this video, I didn’t step back far enough, looking at the macro. The chart looked good, but it was an option expiration Friday coupled with a few lackluster earnings reports, the sentiment was not on my side.
It’s so important to take EVERYTHING into account. My first instinct prebell was logout and take a 3 day weekend. I didn’t and I paid for it.
The most important lesson for me from this trade, coupled with recent past experience, is
“Don’t trade on Friday’s”
mostly because my brain is winding down from the week and not functioning properly. Know thyself.
Remember:
The market isn’t going to do what you want it to do, the market is going to do what it wants to do, and rationality and logic are not in its game plan.
My favorite statement from anyone in this business is from Warren Buffett:
Rule #1 - Don’t lose
money.
Rule #2 - Follow rule # 1.
When Tom speaks I listen 👍🏻
Wow! What a great and transparent way of showing how you handle losses. Thank you Tom!
Thank you, Michael 🙏
Perfect.Perfect.Perfect..Thanks Tom!!!
You are welcome 👍
What he says is so true. I see myself in the 95% gang almost everyday. I bought the book today.
Dear Tom sir
First off I LOVE YOU & LOVE YOUR TRADING STYLE & PSYCHOLOGY
I wana be following all your thoughts & ideas
But one thing i can't doing
Profit running
ur such a blessing we love you
Thank you very much. Great information. 👌🏻
Thank you Tom! Love what you do. Would love to see more live youtube trading
Thank you 🙏
I'm not sure you will see any streams soon. I doubt we see anyone before the London event. And after that Tom will take a few weeks of vacation.
Thanks for your sharing!
Dear tom.
We trust you i personally lost 150 points.there were moments where i could have closed my trades with a mere loss of 50 points when i read your message that said but i didn't because you didn't said to close it ,i watched it hit my stoploss ,and didn't did any thing why because i trust you and i know you will guide us with all of your knowledge and experience as a mortal human being.you know there is a saying"there are no mistakes in life only lessons".
And i have started trading with you its been three days.just do your homework and learn from your mistakes.
Hello
It is annoying Tom has spent both money and time to get the trades out faster and this happens.
BTW youtube blocks most of your messages because you often forget a "space" after a ".". Just if you wonder if we delete them we don't. So now you know what to do to avoid this else I'll find them and unblock them.
i really admire you and thanks to you dear tom
Thank you erfan 🙏
Your voice so calming Tom 💪💯
Tom many thanks for all your helpful contributions.
YW David 🙏
Zooming out is actually very important lesson i learnt over the years
Never heard of honest forex talk than what i heard from Tom Hougard..cheers man
🙏
i cant imagine being down 58k pounds after a couole bars... ty so much for your efforts to help people with their psychology
Thanks Tom! Going forward to read that article.
Good choice 👍
Be aware that there is a part 1+2.
you cant find anyone more honest than him. i listen to him trading everyday, hence i cannot catch his trades since market moves fast but he is a good trader and in the middle he tells good jokes and stories. keep up the good work mate.
I think it is more important that you learn vs earning some points 👍 lol Tom and good jokes in the same sentence 😉
@@LennieClausen_dk yes, i learnt a lot from him. :)
What a very interesting commentary video , only after hearing you on Trading nut podcast and really enjoyed listening to you talk about the psychology aspect of Trading. Looking forward to going through more of your material. Thank you Tom!
I wish all the traders out there especially the beginners could watch this video to understand how to control their emotions while trading. i have been trading for two months now and ever since i started following you Tom my trading journey has incredibly changed. i may not be making a lot of money from my trades but i'm having a more number of successful trades than before. Thanks again for your efforts Tom!!!
That is great to hear 👍
Few people master this business as fast as they would like to. But every journey starts with the first step. Then another and another and suddenly you are at your destination.
This is another Golden lesson Tom! Thanks very much!!
GREAT to hear, Thank you 🙏
Your sessions are just pearls!! Thank you Tom!!👍👍👍
Thank you 🙏 - Try to watch some of the streams. We have time stamps on most. You can find pure gold on most streams.
Watching your videos, the change is taking place inside of me.
amazing, a REAL trader
we have a FEW of them out there 🙏
thank you tom, great lesson! took a lot of notes
You are welcome 👍
Thank You Tom, Very good video. Flipping the Switch is definitely the a thing to master. Its funny as traders we get into the zone and think "this" is the only trade..if it comes a loser we forget there is still time left, stick with the process forget the lost. It challenging at times. Anyways Thx Bud.
Process oriented. This is a game changer for me. Thanks for your insight.
Thank you for watching 🙏
Tusind tak, Tom, for at lave denne utrolige video. Jeg elskede det so meget!
Thank you 🙏
thanks for not being a hindsight trader like most of the others.
You are an inspiration for me sir. Thank you for sharing so much free of cost for us to learn.
🙏
This the best free information
Gold nuggets all over this video (as always)! And thanks for reminding me how to ACTUALLY trail the SL. Guess I forgot about the new H/L requirement along the way.
Thank you for what you do! Giving back has always being your mantra and boy have you exceed giving back and more!
Thank you, Ali 🙏
Great value Tom! tak skal du have!
I am late to the game. I ran into Tom's Trading Psychology Event in London on CZcams this morning. I know I am my own problem, which is why I sought out an expert who could codify the human factor for spinning my wheels in the market. I was halfway through Part 4 of Tom's London lecture when I stopped and bought his book, "Best Loser Wins." Allow me to praise Tom's sharing his expertise. What I've heard so far is powerful stuff...too powerful, maybe, for those of us who do not want to hear someone speak truth.
Better late than never. I think you might find a few videos on this channel that can help you.
Enjoy the book.
Hello tom I really love these videos where you explain why and how you trade they are really helpful! Thanks Tom
That is great to hear 🙏
Absolutely Amazing! really inspiring!
Just watched this for the 2nd time. I think my 1st watch was about a month ago. And yessss....I enjoy pancakes too! 🥞 😄
Thank you 🙏 For me watching 2nd or even 3rd time often adds value. You get more details.
what a great explanation, thank u for sharing Tom, you're amazing teacher
Thank you 🙏
Great video Tom, thank you for sharing!
Thank you 🙏
He doesn't Know , but he IS one of my BEST mentors , greetings from Brazil😊
Many thanks Tom, great video!
Thank you so much.
Yes, this is very much mentally, I have noticed, so I really appreciate you taking the time to help us beginners👍
Remi did you check Tom's Psychology Playlist?
@@LennieClausen_dk No, but maybe I should do it!
@@remiandrepedersen868 you definitely should
@@LennieClausen_dk Okay, thanks!
What a man great thinking💭 about other people
Thanks Tom