Trading Psychology | Why Normal Doesn’t Make Money | Part 1

Opto brings you the first instalment from our trading psychology series, "Normal doesn't make money". Expert stock market trader, Tom Hougaard @TraderTom, attempts to change the way you think about stocks and indices trading.

Hougaard discusses dealing with fear when trading, his passion for stock charts, and highlights key levels on historical charts to show where exactly he bought or sold. Hougaard also talks about taking risks, and how to enter large positions by learning to counteract those natural biases.

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#trading #stocks #stockmarket #tradingstrategy #tradingpsychology

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[RaymondcrawRaymondCrawley]

Becoming a good trader takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.

[KarinaMilan]

Roughly $120K in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.

[Chris-lt]

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.

[trazzpalmer]

I recently sold my house in Portland and am thinking of investing the funds in the stock market. Although I know it's a great time to buy, I'm unsure if now is the right moment for me. I'm also wondering when I can expect to fully recover my investment. To be honest, I'm puzzled by how others in the same market are making significant gains of over $450, 000 in just a few months, and I'm trying to understand their strategies.

[lukefisherDD]

What are the best strategies to protect my portfolio from a crash? I've heard that the market crash will devastate the financial market, so I'm concerned about my $200k portfolio.

[lawerencemiller]

I’m already dollar cost averaging but I’ve been holding onto a lot of cash as well. I recently put most of it into stocks because it was just sitting there. Most of it went to dividend stocks so I’m not too worried. The goal is to invest for dividend and the stocks were at a recent low so I’m not worried long term. Sooner I start the more dividends I’ll have to reinvest.

[klunnikov]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680, 000 savings vanish after putting in so much effort to accumulate them.

[RandyVincent]

First money mistake to avoid is feeling the need to solve everything and be there for everyone, you have to invest in yourself before investing in others

[Jannie-yrnc]

It seems certain stocks are undervalued, flying under the radar despite their potential. You can't help but wonder when the market will recognize their true worth. How can I invest $600K wisely to ensure our future security?

[NancyFranciss]

I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made 460, 000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused about the current market volatility, I'm a newbie and I'm open to ideas...

[Raymondjohn]

I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.

[marksarah]

Tomorrow is near, yet so far away. Choose this day to love unconditionally, and be happy within

[Curbalnk]

This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!

[milepottsman]

Getting in on the stock market, has historically provided me with higher returns compared to 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.

[jenniferkyle]

I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made 460, 000k in 4 months from 160k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.

[DomToredo]

Plotting a good method and strategies for s successful investment can be quit an issue sometimes.i started trade at age 27 and i was able to invest 30% of my income though I was not really making gains. YouTube actually help out because i was basically here to learn and gain more knowledge about the markets how it works untill i came across a name that was suggested.sincerly a good investment plan will always payoff with time as far as you are following the right process and procedures

[theresagarcia]

I'm a law enforcement officer in NC making a yearly income of $50k, a lot of people look down on me because of my job, and frankly i couldn't care less. All they see is one side of the story, the other side of it is me making almost $170k annually trading with my salary in the stock market, so to anyone feeling low in life keep your head up, and make life work for you like i did, don't beat yourself up over other's opinions or anything.

[Riggsnic_co]

Great video, a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850, 000 before I turn 60, I would appreciate any advice on potential investments.

[kimyoung]

I want to diversify my portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $55k during recessions, how do I achieve this?

[oneiljerry]

The 3.6% dividend yield is pretty impressive. I've followed a similar approach (investing in dividend stocks over decades) but currently have a yield of about 2.7%, so my monthly income (on a similar sized portfolio) is quite a bit less, but still pretty good nonetheless. I can totally relate to your approach, and it's nice to see someone able to generate such returns just on dividends. I'll continue to refine my holdings, but I'm not in a bad place either.