And a final point to the Pikers and Punters here who shit on posting charts as they are "hindsight" What does Tom do... He prints out charts..Old charts thousands upon thousands of HINDSIGHT charts.. and studies them... PREPPING HIS MIND... Thats what a profession does.. Punters sit down and STFU ..Just my opinion lol Tom Hougaard says, “People don’t fail because they don’t know enough about technical analysis. They fail because they don’t understand what the markets are doing to their minds.” Best Loser Wins is an antidote to conventional and flawed thinking in trading, and a blueprint for a new belief system for traders who want to elevate their results to levels they never dreamed they could reach. Like other great stage speakers, Tom loves to deliver concepts, analogies, and jokes. You can always tell that he really is into the moment. He genuinely enjoys it. It’s not there because he has agreed to deliver a talk. He is there because he is having a blast. Although I trade full time, I really don’t think I could add anything new to the world of charting. Charting didn’t make me money. Indicators never made me money. Ratios and bands never filled my bank account."

While writing this book, I saw an advert for a technical analysis course in my home country, Denmark. Only the year before, the person running the course had lost 35% of their trading capital on a copy trader account for their followers, before closing the account. Full Book Name: Best Loser Wins: Why Normal Thinking Never Wins the Trading Game – Written by a High-Stake Day Trader If the answer is yes, then fear, mindset and trading psychology apply to you. It doesn't matter anyway, since you're trading a random market.No kidding, that is what I actually think when I see Tom trading. Tom is a successful high-stakes trader. When he loses, he loses big. When he wins, he wins far bigger. I love it...I love that its a never ending learning and the pursuit of refinement and mastery...I used to golf competitively when I was young and I find trading is akin to golf.. A huge technical and mental game. I love puzzles etc... brain challenges. Hougaard's emphasis on embracing losses and fear as integral components of trading is both enlightening and empowering. Instead of the usual focus on winning, he teaches suggests navigating the markets by learning from losses and maintaining discipline in the face of fear. If you happen to engage in any kind of trading, you may have experienced this: a position is relentlessly losing you money, and it’s like some entity at the other end of the trade has decided to sink its teeth in your flesh. It won’t let go and it’s dragging you down. The market is now sentient, and it’s out for blood. Yours specifically.

Hougaard's emphasis on self-analysis and the creation of a "Book of Truths" is a brilliant way to enhance self-awareness. By identifying strengths and weaknesses, traders can improve their strategies and decision-making. I don't trade Forex like a roulette game of randomness. If it's randomness, I gamble roulette. For Forex I trade, I see clarity. It's this clarity that give me strong mindset. But you made the lessons obscure. You designed it to look easy. But it was never easy. You made everyone believe that you could be danced with through models, through equations, through indicators, through conventional thinking and through logic. But often there is little logic to you. And I struggled to dance with you for years, until one day by chance you told me your secret. You told me to stop trying to understand you. You told me to understand myself."I was invited by one of the biggest brokers in the world to give a talk about the life of a home trader. They filmed the event, which lasted a few hours. I gave the speech a provocative title: I called one broker to ask how this number was calculated. The number is adjusted quarterly. The broker compares the account balances of its clients from the prior quarter and simply takes the percentage of accounts that have a lower balance than three months earlier. You need to spend specific scheduled and focused time on imagining your desired outcome. You can’t control the enemy, but you can practise your response, so it becomes automated. By doing so, you will de-sensitise your mind to the normal impulses that a normal mind will react to. You will not have the same degree of hesitation as you used to have. You will not feel the same degree of trepidation. Most importantly, you will not encounter the same fear stimuli that a normal brain will because you will have trained the normal fear response out of your mind. “ The time you know you’ve become a good trader is that first day you were able to win by holding and adding to a winning position. When I am in a profitable position, I have trained my mind to ask, 'How can I make my position bigger?'" Humans drive the charts bottomline...and we are predictable... Now as i have said I dont predict the markets...But I look for, like the actuary. a pattern among a large sampling size.... Now this may be Apophenia or Patternicity on my part...But im good with that.

Best Loser Wins wants you to not be afraid of failing. It will guide you through the complex undertaking of extracting actual value from failures. It teaches you how to become cynical and resilient. yep all is recorded..time-stamped called out live with stops TPs etc. Latency is something he has worked on. Currently he is doing live voice sessions for the UK and US ..so you hear what he's doing and see on the chat. Pretty effective..I don't trade his calls...I tho did once copy a trade of his in the last 2 years..

Customer reviews

I will come to the rescue of both camps and state that to become a profitable trader, you need much more than just technical analysis under your belt.

As well he is also scalping in the quiet moments of the channel and also taking other trades not published.. personally don't know how he does it all... Very very driven man.. very rare IMO.If you don’t mind, I want to tell you how you can bridge that gap between what you are achieving now and what you want to achieve. The key is not to train less. You still have to train. However, you need to review your performance, and then you need to replay it in your mind, over and over to how you want it to be. Your actual outcome and your desired outcome are currently not aligned. Best Loser Wins won’t provide you with a method for beating the markets –nor does it purport to. What it will do is teach you truths about trading and an understanding of the difference between winners and losers – and if you don’t understand why that is more important, then you really need to read this book. There is a law in Europe that states that brokers offering trading services to retail clients must disclose what percentage of their clients lose money. I started that job in the summer of 2001. My first customer-facing experience was when the CEO brought me to Royal Ascot – a significant event in the social calendar of the rich and famous. It is a horse racing event, mixed with champagne, funny-looking hats and big cigars. Judging from how much Tom loves to talk, how articulate he is, to explain his view, make analogies, consolidate concepts, tell stories, and deliver jokes, I have no trouble thinking this work started as a manuscript twice the final size. One can almost feel the struggle between the author and its editor fighting sentence by sentence, to refine it to the current form.