Trading Psychology Event | A Trading Framework | Part 5

Part 5 of Tom Hougaard’s Trading Psychology presentation unveils his trading framework. He gives us insight into his trading day and the preparation he does for it, including what he calls “scenario analysis”.

He talks about thinking the opposite of the 90% by ignoring what people say, and refusing to reduce his trading size when on a winning streak. Hougaard explains why not to open a position with a financial instrument just because the price has dropped, and instead shares his insights into when to buy and sell.

Tom also reflects on learnings from expert trader Richard Dennis and how he’s implemented them into his trading. Tom concludes this part of the presentation by sharing his four core pieces of advice for mental preparation, how to ‘become friends with fear’, and developing a low-risk idea.

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[Tofeu]

"It is perfectly OK to see a big profit turn into a small profit, because how else are you going to get an even bigger profit." - this sentence opened my eyes...

[drallanfreitas]

It's unbelieveble that the people do not see this event... but some lambo man has 3million views...
Very good Tom, you have my respect, very very good!

[brettkeller]

this series with this guy is one of the most valuable things I've seen. my trading results have been better in the last 36 hours since seeing this.

[MamieEvans-dpsc]

I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.

[georgestone]

I’m glad I pulled through, despite the crises. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80, 000per/yr rent. I will have an income stream of $20, 000 per yr through my super which gives me total $100, 000 a yr to live comfortably. I have no debts ... Stay Motivated!!

[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.

[pratikpatil]

He is the MAN
I got what he was saying since first part, in this one.
If you gonna go BIG then you need to act counter intuitively consistently until it becomes your nature, then the possibilities of higher outcomes open for you otherwise you gonna remain little and average. If you wanna play into millions and billions then you got to act counter intuitively and control your mind from interfering.

MIND BLOWING....!!!!
I gonna recall this EVERY DAY.

[Raymondjohn]

This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.

[mikolots]

This is worth every single lambo Youtuber "course" altogether. And he made it available for free for us!

[ThomasHenry]

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

[grv]

This is quite literally the best piece of advice to beginner traders like myself. I've just recently started applying these concepts to my trading style and ngl it has completely changed my game. This guy is f**king awesome, they way he explains, his energy, his style of capturing the audience, is phenomenal.

Really loved the series, and hope I get to meet Tom one day for he has played a great part in shaping my trading career as well as have an impact on my mindset as a whole.

[vetiarvind]

This has been a very educative series so far.

[moneymakingmuro]

I live and die by; I must control my mind, otherwise i can’t control my future!
That one rule is going to make a huge difference in my thinking. Thank you Tom. #newmantra

[jehhandalealejandre]

6 months of educating myself to be a consistent and disciplined trader and theeeen I see this. Mind blowing...

[Darfaultner]

What I got from this is what I expected. Psychopaths make good traders.

[Interhalter]

This man is dropping golden nuggets everywhere. Nice talk by him! Thanks for uploading!

[ahamedmusharaft]

"Add winning Positions" These words will change my entire trading approach 😊

[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.

[Thetaleswithin]

This guy has changed my entire psychology.

[MakeamericaGreatagain-hj]

I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $90k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?