Honest videos like this give me great joy and confidence watching a big player like Tom being transparent about his losses and wins, it sets my state if mund back on earth I cannot thank you enough sir from the bottom of my heart, thank you🙏.
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.
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 😂
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!!
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.🙏
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
@@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.
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 ;-)
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!
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 🙏 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.
@@LennieClausen_dk would be possible or feasible to have an official service users channel or a FB group perhaps for moaning and bitching? 😁 In this moment the communication is mostly from one direction which is great, don't take me wrong, but I think would be interesting if we can share some thoughts. Thank you Lennie.
After reading the article, I am really fascinated how I can almost prove the points made, in my daily trading. In regular life, I'm a pessimist and I always expect the worst (can't get dissapointed expecting the worst, right?). Example: Have to drive by car? Certainly I'll end up wrapping it around a tree. Applying for a job? Probably get rejected anyways. Yet, when it comes to trading I'm thinking: This is a reasonable trade, surely it will make some profit. To me, this proves that there is actually a different part of my brain taking control. Otherwise, why have I suddenly become an optimist? I'm also guilty of taking partial profits and even stating to others: "This satisfies the inner neaderthaler and now I can let the rest of the position run". As an exercise, I will try to do the opposite and take part of the position off when the trade is going against me (no follow through bar after breakout bar, etc.). So in essence, we have to always try to maximize the pain while trading and go towards elevating the pain instead of trying to decrease it.
Hello , if by any chance you have managed to understand the intuition behind these levels, please share it because I am in the same situation as you. Honestly, from what I understand, it seems to me like something that lacks any financial logical foundation, to be honest, but maybe I'm missing some elements to understand it.
When I check the swing trading on nq, it doesn’t make sense compared to qqq levels or Spx levels spots, how could I use them perfectly? should change the ratio to make it sense
I do not understand the concept behind your swing trading oracle. I watched your video few times and no clue. Can you explain please what's behind that idea ? Should I use them as support -resistant or what ?
Great video. Would be nice to get some more insights on how Tom is actually allocating his risk while trading the naked price action chart for some average trading day. For me, this seems to be a crucially important aspect apart from all the psychological aspects / mindset. It doesn't really matter how mentally strong you are if you don't even know if you will risk 1%, 5% or even 10% of your capital on a day not knowing if you are going to place 1, 5 or 10 orders.
@@LennieClausen_dk I said it would be nice to know how TOM is calculating his risk while trading in the way he does. Like I said risking a fixed amount of 300 Euros a Point or what so ever is meaning less without knowing what amount of capital that is based on in percentage terms while also not knowing the amount of entries placed per day at such risk. Meaning this would leave me without having a clue about what ever % amount of risk per entry without knowing if there will be 100 orders placed per day or perhaps just one. Let’s assume I want to want to follow his signals on Telegram and enter at 1% risk per trade and he would lose 30 entries in a row I would be down -30% for such day. I hope this examples makes it clear.
My strategy, after listening to “You’ve got to let the trade work” from so called gurus and gotten screwed royally, is if I enter a trade and it starts going against me before It enters a comfort zone where I can adjust my stop, exit immediately. If the next candle after entry doesn’t close solidly in your direction that’s the first red flag warning. That doesn’t mean it was a bad entry, it just isn’t panning out the way you suspected it would. Just because you’re willing to lose 5 or 10 percent, doesn’t mean you have to. That’s just me. I hate taking losses but I accept them as part of the game. If you like being a masochist and torturing yourself, go for it. In my experience if anything goes 1 tick below your entry there’s going to be a problem. 1 good trade can erase 10 “paper cuts”.
@Trader Tom, I have read your article and I have got a question that: For scalping is it bad to have fixed take profits and Stoplosses, say you are a scalper and you are targeting a certain number of points and if you get them you are out. Similarly if the trade goes against you, you are quickly out at as well. Fast in and fast out but doing it multiple times a day. Would that still count as a loser's mentality?
Hello - first of all, it's great to see you take Tom's content and try to improve it and make it your own. I see pros and cons. I think I see more pros Tom's way and more cons in your way. But if it is better for you just do it. We love what you did thinking out of the box but. Let's do some math. We have about 36k people on the channel. If everyone just asked us about their own "hacks" once per year. We would have 3.000 questions per month and 100 questions per day. If I had to answer your question as fully as I really think it deserves I should on an avg. a day spend 500-1000 minutes 7 days per week answering something out of the scope of the channel. We think it great you think out of the box but you got to own your own "hacks". We really hope you appreciate that we are the first traders and need to make our daily income from trading. We both spend several hours per day helping other people (free). But there is just so much we can do. Btw feel free to post your thoughts. They might help others and I assure you every single post here is read. And some of them discussed with Tom.
That is great to hear. If people would pay it forward instead of selling courses, trading rooms and indicators the trading community would be a better place 🙏
You should really treat your trading as a business and test for yourself what is best for you. They are not in the top 5 and nor between the bottom 5 as I recall from this broker video th-cam.com/video/fnAO6hyVwaQ/w-d-xo.html But a lot of brokers change spread and commissions often. So you just have to do your homework.
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.
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
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.
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.
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.
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!
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.
Buy and read Tom's, The Best Loser Wins. It changed my trading philosophy and performance completely. Tools play only 1% but Psychology, 99%. If you want to be world class in this game, let Tom's philosophy guide you. Warning ⚠️ this is not for the faint of heart. As Charles Bukowski puts it, "If you are going to try, go all the way! Otherwise, don't even start."
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!
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!
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.
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 have win% of 47,56, and average win is USD 159 while average loss is USD -187. How can I improve? What am I doing wrong? Maybe because I'm moving the stop-loss up, which gets taken out before it can move into profits? Should I stop moving the stop-loss? And I definitely need to let winners ride.
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.
Mi vagyoken szuper gep ,,,,ezt en nem garantalom ilyen kikoteseket csak a robot gepek tudnak meg csinalni,,Es egaltalan milyen alapon kivanjak el tollem a 3 gik lejatszas utan hogy en szuper robot vagyok aki az O kivansagaikat teljesiteni fogja,,,Decemberben azt sem tudta senki hogy a vilagon vagyok,,,Most meg olyan kovetelmenyeket allitanak fel amit meg a 10 eve ezt muveli,felejtsek el,,,,
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.
Hi! Thanks for the video. Do you have a telegram channel? Because we joined a ton trader’s telegram group if that’s you that okay otherwise we gonna just pull out.
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
🙏hello its santosh waching from nepal is it possible everynoe can make money from this game if it is i am going to watch your all video from today strating now🙂
I went back to the 15 minute chart as the 5 minute was making me over trade and sucking me into a lot of fake moves. The 15 minute sums up the 5 minute noise well and provides quality over quantity and without the headache and eye strain. Ppl who trade the 5 minute or 1 minute are going to lose a lot of years off their life. And develop black eye sockets.
I agree that 15 min has less noise. But then again you could trade 1 h with even less noise. I think easy and every person should look into what's best for them to trade.
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.
Love these videos. This guy has totally changed the way I trade. Real eye opener. Which broker is best for spreadbetting on trades that can run for months? Thanks in advance.
Thank you 🙏 It is not a secret which broker we use. But you need to do your own homework. If I knew I would hold a trade over several months I would use futures on my broker. You pay higher spreads but you don't pay overnight commissions. But you got to be aware of rollover.
Honest videos like this give me great joy and confidence watching a big player like Tom being transparent about his losses and wins, it sets my state if mund back on earth I cannot thank you enough sir from the bottom of my heart, thank you🙏.
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 😂
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!!
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
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.🙏
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.
I am an Indian trader, live in Salisbury UK. Following you since a month. Excellent & knowledgeble videos. Thanks a lot....
Thank you 🙏
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.
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.
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 ;-)
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!
Indeed!!!!!!!!!!!! the Only True Honest Person I've seen in 15 years!!!
Thank you 🙏
Thank you Tom for the Telegram channel and all the help you give! It is very much appreciated.
You are welcome 👍
Excellent message Tom, thanks for sharing.
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.
Genius!!! You are the best Tom, thanks, I've been following for a year or so.
Thank you 🙏
Really difference making details and aproach! Thank you!
Perfect.Perfect.Perfect..Thanks Tom!!!
You are welcome 👍
Never heard of honest forex talk than what i heard from Tom Hougard..cheers man
🙏
ur such a blessing we love 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.
This is another Golden lesson Tom! Thanks very much!!
GREAT to hear, Thank you 🙏
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.
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.
This the best free information
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 🙏
What a man great thinking💭 about other people
After though day of trading and research
I love to hear your videos. Alwasys straightens up my head.
Thank you for the mentorship.
Welcome to the community.
Cheers.
@@LennieClausen_dk your work is outstanding as well. Thank you.
@@IonutGabrielLica Thank you 🙏
@@LennieClausen_dk would be possible or feasible to have an official service users channel or a FB group perhaps for moaning and bitching? 😁 In this moment the communication is mostly from one direction which is great, don't take me wrong, but I think would be interesting if we can share some thoughts.
Thank you Lennie.
Best man in town thanks Tom
Thank you 🙏
Fantastic vid Tom ... Gratitude
🙏
After reading the article, I am really fascinated how I can almost prove the points made, in my daily trading.
In regular life, I'm a pessimist and I always expect the worst (can't get dissapointed expecting the worst, right?). Example: Have to drive by car? Certainly I'll end up wrapping it around a tree. Applying for a job? Probably get rejected anyways. Yet, when it comes to trading I'm thinking: This is a reasonable trade, surely it will make some profit. To me, this proves that there is actually a different part of my brain taking control. Otherwise, why have I suddenly become an optimist?
I'm also guilty of taking partial profits and even stating to others: "This satisfies the inner neaderthaler and now I can let the rest of the position run". As an exercise, I will try to do the opposite and take part of the position off when the trade is going against me (no follow through bar after breakout bar, etc.).
So in essence, we have to always try to maximize the pain while trading and go towards elevating the pain instead of trying to decrease it.
Great words of wisdom
What was the name of the richard dennis book that tom mentioned, plz?
Thanks Tom
Good content
I understand that when the swing trade oracle are correlated with these GEX levels, the area is more important.
Hello , if by any chance you have managed to understand the intuition behind these levels, please share it because I am in the same situation as you. Honestly, from what I understand, it seems to me like something that lacks any financial logical foundation, to be honest, but maybe I'm missing some elements to understand it.
When I check the swing trading on nq, it doesn’t make sense compared to qqq levels or Spx levels spots, how could I use them perfectly? should change the ratio to make it sense
I don't think you need a ratio it's already calculated
I do not understand the concept behind your swing trading oracle. I watched your video few times and no clue. Can you explain please what's behind that idea ? Should I use them as support -resistant or what ?
You can actually join their channel. They have support there
you did definitely flipp my flappjacks today! !
👍
Great video. Would be nice to get some more insights on how Tom is actually allocating his risk while trading the naked price action chart for some average trading day. For me, this seems to be a crucially important aspect apart from all the psychological aspects / mindset. It doesn't really matter how mentally strong you are if you don't even know if you will risk 1%, 5% or even 10% of your capital on a day not knowing if you are going to place 1, 5 or 10 orders.
Buddy, it has been posted over and over in the Telegram group. IF you don't know how much you want to risk per trade. REALLY don't trade.
@@LennieClausen_dk I said it would be nice to know how TOM is calculating his risk while trading in the way he does. Like I said risking a fixed amount of 300 Euros a Point or what so ever is meaning less without knowing what amount of capital that is based on in percentage terms while also not knowing the amount of entries placed per day at such risk. Meaning this would leave me without having a clue about what ever % amount of risk per entry without knowing if there will be 100 orders placed per day or perhaps just one. Let’s assume I want to want to follow his signals on Telegram and enter at 1% risk per trade and he would lose 30 entries in a row I would be down -30% for such day. I hope this examples makes it clear.
My strategy, after listening to
“You’ve got to let the trade work”
from so called gurus and gotten screwed royally, is if I enter a trade and it starts going against me before It enters a comfort zone where I can adjust my stop, exit immediately.
If the next candle after entry doesn’t close solidly in your direction that’s the first red flag warning.
That doesn’t mean it was a bad entry, it just isn’t panning out the way you suspected it would.
Just because you’re willing to lose 5 or 10 percent, doesn’t mean you have to. That’s just me. I hate taking losses but I accept them as part of the game. If you like being a masochist and torturing yourself, go for it. In my experience if anything goes 1 tick below your entry there’s going to be a problem. 1 good trade can erase 10 “paper cuts”.
Great content. Noticed the reference to tik tak. My daughter is hooked on that program :)
Thank you Phil 🙏
... And your daughter is not alone ;-)
ICT 2022 set up at 5 min chart?
Hey Tom det ville være vildt fedt med en video til helt nybegyndere🙌🙌 Hvor ville du anbefale at starte?
Great video, thanks
🙏
@Trader Tom, I have read your article and I have got a question that:
For scalping is it bad to have fixed take profits and Stoplosses, say you are a scalper and you are targeting a certain number of points and if you get them you are out. Similarly if the trade goes against you, you are quickly out at as well. Fast in and fast out but doing it multiple times a day.
Would that still count as a loser's mentality?
Hello - first of all, it's great to see you take Tom's content and try to improve it and make it your own. I see pros and cons. I think I see more pros Tom's way and more cons in your way. But if it is better for you just do it.
We love what you did thinking out of the box but. Let's do some math. We have about 36k people on the channel. If everyone just asked us about their own "hacks" once per year. We would have 3.000 questions per month and 100 questions per day. If I had to answer your question as fully as I really think it deserves I should on an avg. a day spend 500-1000 minutes 7 days per week answering something out of the scope of the channel. We think it great you think out of the box but you got to own your own "hacks".
We really hope you appreciate that we are the first traders and need to make our daily income from trading. We both spend several hours per day helping other people (free). But there is just so much we can do.
Btw feel free to post your thoughts. They might help others and I assure you every single post here is read. And some of them discussed with Tom.
Thanks
🙏
Hi Tom, may I ask if you have the telegram channel that you trade for investors and you take 20% commission?
Hi, NO that is a scam!
Thank you for your reply.
i dont get it tho, you average up and lose your good entry when you add more to a winner?
Tom explains why adding to winners is good in so many videos.
Tom, hope you are doing well. You do all of this for free.. I will one day do the same. The knowledge you provide should be written in trading bibles.
That is great to hear. If people would pay it forward instead of selling courses, trading rooms and indicators the trading community would be a better place 🙏
May I have your telegram channel link please? Thanks
For your own security please go to tradertom.com or find it on the start page of this channel (upper right corner).
Only a trader looks forward to mondays and dislikes the weekend 😂
I'm learning from a Whale... 😍😍😍
Why watch videos when Tom streams on Telegram?
Please add me to the telegram channel
thank you tom, great lesson! took a lot of notes
You are welcome 👍
Tried to join your telegram exactly as you posted on your website and telegram says search comes up with nothing 🙄 is it still working?
Please read the other comment.
this is the real retail shit.
👍
Sharks don't complain!
Only on Fridays... There is so long to Monday. 😉
Hi Tom, what do you think of Dukascopy platform. is it good?
You should really treat your trading as a business and test for yourself what is best for you.
They are not in the top 5 and nor between the bottom 5 as I recall from this broker video th-cam.com/video/fnAO6hyVwaQ/w-d-xo.html
But a lot of brokers change spread and commissions often. So you just have to do your homework.
Tom, i just stumbled across this video. All the comment where greayt so i subd do you do forex
Yes, Tom also trades forex. But on higher timeframes (swing trades).
Please more streamssssssss
Point taken - working on that.
@@LennieClausen_dk I was on tilt before I watched this video. This video helped me press the refresh button again on my mental.
@@kingdemon4236 all at least honest traders have Been on tilt mode
2 years later I’m watching while up $200+ first day $15,000 prop firm challenge
Which prop firm?
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 🤦🏾
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
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.
One of the best traders, you completely changed my mind and psychology to the best, thanks
Thank you Abdulla 🙏 That is great to hear.
It’s not about winning it’s about losing gracefully.
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.
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.
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.
Yep 99% of the trading videos are rubbish
It is really sad that most of the legendary traders died... Jim simons, richard denniis, david paul, mark douglas.. Long live tom!
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.
Buy and read Tom's, The Best Loser Wins. It changed my trading philosophy and performance completely. Tools play only 1% but Psychology, 99%. If you want to be world class in this game, let Tom's philosophy guide you. Warning ⚠️ this is not for the faint of heart. As Charles Bukowski puts it, "If you are going to try, go all the way! Otherwise, don't even start."
Thank you 🙏
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
I wonder which TF do you trade mostly on, I've seen you on 5min, 10min and 15min.
It is a mix of those 3 TF.
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.
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.
Thanks Tom! Deeply appreciate your work
Truly admirable trading and transparency Mr. Tom - I will learn from this lesson and reflect, thank you sir
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!
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 👍
“What is your process?” Best place to start as a trader. Excellent video Tom.
I have win% of 47,56, and average win is USD 159 while average loss is USD -187. How can I improve? What am I doing wrong?
Maybe because I'm moving the stop-loss up, which gets taken out before it can move into profits?
Should I stop moving the stop-loss?
And I definitely need to let winners ride.
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.
Mi vagyoken szuper gep ,,,,ezt en nem garantalom ilyen kikoteseket csak a robot gepek tudnak meg csinalni,,Es egaltalan milyen alapon kivanjak el tollem a 3 gik lejatszas utan hogy en szuper robot vagyok aki az O kivansagaikat teljesiteni fogja,,,Decemberben azt sem tudta senki hogy a vilagon vagyok,,,Most meg olyan kovetelmenyeket allitanak fel amit meg a 10 eve ezt muveli,felejtsek el,,,,
excellent Tom. Thanks...Wasn't that a "bull flag" you got short on? (i see i watched thru the trade) Great info. Thanks
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.
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 👍
Hi!
Thanks for the video.
Do you have a telegram channel?
Because we joined a ton trader’s telegram group if that’s you that okay otherwise we gonna just pull out.
Larry is my mentor. Couldn't have asked fir better help.
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
What an amazing video! thank you for sharing this!
Killer whales and dolphins don't give a crap about sharks.
🙏hello its santosh waching from nepal is it possible everynoe can make money from this game if it is i am going to watch your all video from today strating now🙂
I went back to the 15 minute chart as the 5 minute was making me over trade and sucking me into a lot of fake moves. The 15 minute sums up the 5 minute noise well and provides quality over quantity and without the headache and eye strain. Ppl who trade the 5 minute or 1 minute are going to lose a lot of years off their life. And develop black eye sockets.
I agree that 15 min has less noise. But then again you could trade 1 h with even less noise. I think easy and every person should look into what's best for them to trade.
Thank you … I appreciate your wisdom
Great video showing the chart and explaining is very helpful 🙏🏻 thank you
thanks for not being a hindsight trader like most of the others.
Mmm this flip switch is tip of iceberg, there's still the set up, plan etc
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 book, I've swallowed it it few sessions. Thank you for sharing your experience.
Love these videos. This guy has totally changed the way I trade. Real eye opener. Which broker is best for spreadbetting on trades that can run for months? Thanks in advance.
Thank you 🙏
It is not a secret which broker we use. But you need to do your own homework. If I knew I would hold a trade over several months I would use futures on my broker. You pay higher spreads but you don't pay overnight commissions. But you got to be aware of rollover.
Thank you Tom. I probably learn the most from you…
Thank you for watching 🙏