Trading Psychology Event | Pattern Recognition | Part 2

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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[MamieEvans-dpsc]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[The.Oh]

This is so crazy watching Jason Statham teaching trading psychology.

[Jennifermertians]

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[Riggsnic_co]

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.

[mrdirect]

The man tried to dash a few jokes but the audience was rock serious 🤣 😂 💀

[PhilSommer]

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.

[Raymondjohn]

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.

[habumoses]

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

[nikhiljohn]

It is fascinating that almost every trader knows the psychology aspect of trading but it is still so difficult to follow it.

[abhim]

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

[Mr.ezman]

Trading is such a psychological game. Your mind will make or break you. Also people make trading to complicated. Always trust your plan.

[mikaelrutherford]

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...

[nikhilsharma-loyx]

9:14 - 9:23 is the true wisdom, loved this guy !

[ahmadfaizul]

Good talk. Should got more views and likes. Very appreciate for those who sharing this.

[blessingpaul]

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.

[lucreziamorganti]

I’m deeply grateful to this man for sharing freely this precious teachings. It really made a difference in my life. Thank you Tom. 🙏

[thmtob]

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.

[tragrea]

Sir your way of speaking in English is extremely well I never seen a person like you speaking such good way of english

[felixhundertmark]

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 🙏🏼

[jb]

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.