I have traded since 1999 and Tom is spot on here. One of the best, honest interviews on trading I have ever watched. He says its in the mind, yep. Trading is at least 90% psychological.
Forget the books and courses, understand this and you will have the license to print money. It took me 3 years and a lot of mental pain and financial loss. It would have been easier to give up, but the reward is true freedom. What would you give for that ?
@@annajones9701 “ Discipline equals freedom” Jocko Willink. I’m not a trading educator or mentor. The answers are in Toms videos watch them......if you don’t get it watch this video 100 times and you will be on the right path.
@@d2.024 Are you referring to the fact that trading is 90% psychological? I personally have a profitable methodology that I've back tested and demo traded with good results, however what's very difficult is the actual execution of that methodology in real time - the ups and downs - because of the completely random distribution of wins and losses
This was just awesome. I love how Tom here is razor sharp and to the point and that interviewer lady is respectful, pleasant and asks great questions. A joy to watch.
Very well put and very inspiring. I found your videos a few hours ago and have watched a few already. You don't waste words, the concepts are correct, and the graphs are clear. Perfect, friend. Thank you very much.
Wow. I cant believe this was from 12 years ago. All that he said about trading still applies today. If you want to succeed in trading, it will all start from you.
Actually the being tired of it drastically changed my approach. And also coming to realization that nothing works/nobody will tell me what and how to do it.
This freakin dude is a monster! If you are a young trader and you haven't read his book, Best Loser Wins, you are doing yourself a grave disservice. I know shameless plug. Maybe Tom will give me a free lesson!😁
This video was made 10 years ago and day traders back then couldn't make money either. You would think that with all of the technology and teaching websites and videos the odds would have changed.
Who are they competing against? Other day traders with the same technology. Who else? Institutions and hedge funds with better technology, faster feeds and better algos. You don't seem to understand that trading is a zero sum game.
I think the highest winning system is just around 60%, not much different from coin toss. That's why risk management is the key, along with psychology.
the most honest seconds of Hougaard are in the end of this clip!... How about the laws in Belgium or France, would be a solution to end this game ones and for all? Or the the russian atomic bomb will ended anyways...?
I don't know why you bother Tom, really I don't - because you have been at this for a very long time. I can tell you because I tried, in the days when I felt generous and patient but I was taught, because I was forced to learn, that the vast majority are unworthy. The vast majority, the 99%, cannot learn and refuse to be taught. It is about time that the penny dropped with you and you gave up and devoted your expertise to more worthwhile endeavours. By now you must know that traders are born, not made, so why persist ?
@@erickbaltazary2401 The study of probability would disagree. And if you're losing 99% of the time, then you're going to run out of resources to repeat with.
'I could play golf like Tiger Woods, the only thing that separates me from Tiger Woods is desire and repetition' LOOOOOL no. The ignorance and naivety of that statement is laughable 🤣🤣
@@Maestralius Agreed. not to mention golf being such a sily "sport" that it doesnt require any special inherent physical ability so its not like e.g. running where you simply are unlikely to beat Usain Bolt as a white person no matter the amount of training, but golf? sure , why not.
@@sannycpk3920 have you ever even tried playing golf. I used to say the same thing until I tried for myself, I sucked so much, that sport is hard as heck.
@@theyoungkulaks3381 ignorant and rude thing to say. nearly everything he provides is for free and he streams his live trades on which he is consistently profitable
+Mac Walen Well said. Unfortunately all those wannabe traders will keep falling for tricks of those snake oil salesmen until hole in their account becomes too big to ignore. None of those "trading mentors" can show independently verified track record (despite there is plenty of tools for that, e.g. myfxbook), they are just excellent sales people talking about psychology discipline, commitment etc. What people don't understand is that markets are very close to being 100% random and you can't beat randomness with any kind of psychology and discipline. They will fool themselves with hindsight bias until they learn it is just as random as casino.
Tom is like the Hitman of the trading world.
U mean Rohit Sharma Hitman
Cold Heart
@@AbhishekSinha_no, I mean Agent 47 Hitman.
I have traded since 1999 and Tom is spot on here. One of the best, honest interviews on trading I have ever watched. He says its in the mind, yep. Trading is at least 90% psychological.
if you need any assistance trading or BTC, I'm offering free services this week.
Completely agreed. He’s the very best.
I started 2 years before you and totally agree.
Dr Romero pieto is the best thing that can happen to a complete beginner
Aspirin to learn trading also to new investors.
This video is gold.
It is difficult to predict how reliable a person is on a short basis .But Mr Pieto has proven to be reliable and a great asset in my trades.
Romero pieto is indeed a man of great integrity who always stands by his words no matter what comes his way.
I could give this video a hundred times thumbs 👍 up.
Mr Romero pieto has helped me greatly I can now earn and also learn how to improve my knowledge in trading
I watched this almost everyday for a while. It took me 6 months to fully understand this.
Forget the books and courses, understand this and you will have the license to print money. It took me 3 years and a lot of mental pain and financial loss. It would have been easier to give up, but the reward is true freedom. What would you give for that ?
How did you learn
@@annajones9701 I never stop learning.
@@d2.024 You watched trading videos? Kept investing and growing account?
@@annajones9701 “ Discipline equals freedom” Jocko Willink.
I’m not a trading educator or mentor. The answers are in Toms videos watch them......if you don’t get it watch this video 100 times and you will be on the right path.
@@d2.024
Are you referring to the fact that trading is 90% psychological?
I personally have a profitable methodology that I've back tested and demo traded with good results, however what's very difficult is the actual execution of that methodology in real time - the ups and downs - because of the completely random distribution of wins and losses
This was just awesome. I love how Tom here is razor sharp and to the point and that interviewer lady is respectful, pleasant and asks great questions. A joy to watch.
There is so much depth in these 3 minutes, insane!
Guy talking like Bruce Lee. Really inspiring
I trade over 4 years but in hand nothing. I learned trader mindset from you. Thank you Tom, God bless you
100% this guy is the real deal. Not to many will get him nobody can teach you how to trade
0.30 best quote ever❤
The best motivational words I've ever heard... thank you Mr. Hougard!!!
I always comeback watching this video to remind myself always
How’s it going for you now?
How’s it going for you now?
1:04 ❤❤❤❤❤❤
“Failure is a compelling protagonist towards achieving your goal. So use failure: Be very scared of failure and you will succeed.” 🙏
Very well put and very inspiring. I found your videos a few hours ago and have watched a few already. You don't waste words, the concepts are correct, and the graphs are clear. Perfect, friend. Thank you very much.
"You don't waste words". Yup.
if you need any assistance trading or BTC, I'm offering free services this week.
Love the straight talk Tom, real talk!!
Tom is face of integrity in whatever his doing
This guy is 1000% correct!!!
1000% best trader is born
This man is a true monster.
you cant be tought everything............wow its a powerful statement
Thank you Mr. Tom
Hope to interview you one day
Wow. I cant believe this was from 12 years ago. All that he said about trading still applies today. If you want to succeed in trading, it will all start from you.
Actually the being tired of it drastically changed my approach. And also coming to realization that nothing works/nobody will tell me what and how to do it.
Maxine Waters did a great job in this interview
This man is a Gladiator.
Tom is evil I love him
to the point , great speech
daaaammnn "i need the 99% to feed my account" gotta be the hardest line ever dropped
Legend
Thank you Tom
thank your sir.you are my inspiration now..u are a legend
Thank you.
Pure gold.
More people need to see this.
Excellent video!
Amazing talks
I love this man's videos, so very insightful
Thanks Tom, M
And this is exactly what all traders are going against. Guys like Tom, banks, and algos... Good luck everyone lol
Thank you for sharing your wisdom, it helped me a lot!
Lmao all friendly until that ice cold line at the end 😬🥶🥵
This guy has a priceless content. I hope for the best from his content
wow , this is gem..!!
thanks tom
Outstanding
Legend!
This freakin dude is a monster! If you are a young trader and you haven't read his book, Best Loser Wins, you are doing yourself a grave disservice. I know shameless plug. Maybe Tom will give me a free lesson!😁
This video was made 10 years ago and day traders back then couldn't make money either. You would think that with all of the technology and teaching websites and videos the odds would have changed.
Who are they competing against? Other day traders with the same technology. Who else? Institutions and hedge funds with better technology, faster feeds and better algos. You don't seem to understand that trading is a zero sum game.
Still a 💎 at 12y later
i think this is the 1st time i ever heard a man this sincere with a advice in trading.
Wow this is humbling more humbling than my losses this year in the markets
Powerful
" i need that 99%" 😂
Yes..let them be there
Time 1:05 is my alarm now
makes lot of sense.
If trading is mental and many spend hours trying to learn than how can it be mental i guess its mental if one has a winning system
I think the highest winning system is just around 60%, not much different from coin toss. That's why risk management is the key, along with psychology.
its about winning big and losing small. the mind will trick you to trade otherwise though, and you'll become a loser at the end
99% are liquidity, dont be liquidity.
I need the 99% to fund my account. Capitalism defined in one sentence. Remember to be the 1% boys.
the most honest seconds of Hougaard are in the end of this clip!... How about the laws in Belgium or France, would be a solution to end this game ones and for all? Or the the russian atomic bomb will ended anyways...?
What a brilliant interview.
This is it
Anger pays, unfortunately
Great video!
✍️🙌
I don't know why you bother Tom, really I don't - because you have been at this for a very long time. I can tell you because I tried, in the days when I felt generous and patient but I was taught, because I was forced to learn, that the vast majority are unworthy. The vast majority, the 99%, cannot learn and refuse to be taught. It is about time that the penny dropped with you and you gave up and devoted your expertise to more worthwhile endeavours. By now you must know that traders are born, not made, so why persist ?
Agent 47
who else clicked like in first 30s of this video
If it's only 1%, then I play the odds, and that means I'm not going to be in the 1%
only the 1% are willing to persevere through hell. its not really about odds.
It's not about the odds but desire and repetition
@@erickbaltazary2401 The study of probability would disagree. And if you're losing 99% of the time, then you're going to run out of resources to repeat with.
'I could play golf like Tiger Woods, the only thing that separates me from Tiger Woods is desire and repetition'
LOOOOOL no. The ignorance and naivety of that statement is laughable 🤣🤣
I disagree, anyone can do anything - we see this happening every day ; Tom is right ! )
@@Maestralius Agreed. not to mention golf being such a sily "sport" that it doesnt require any special inherent physical ability so its not like e.g. running where you simply are unlikely to beat Usain Bolt as a white person no matter the amount of training, but golf? sure , why not.
@@sannycpk3920 have you ever even tried playing golf. I used to say the same thing until I tried for myself, I sucked so much, that sport is hard as heck.
Some people think anything truly is possible, others do not. At the end of the day, you should be able to see where he was coming from 🤷♂️
@@DarrellBubb Yes I seen that he was coming from a place of pure ignorance and arrogance, sprinkled with delusion.
Talent exists, Tiger Woods has it, not just practice and repetition
This guy makes money peddling trading "wisdom"
@@theyoungkulaks3381 ignorant and rude thing to say. nearly everything he provides is for free and he streams his live trades on which he is consistently profitable
@@krollic Ignorant and rude thing to say. Show me citations of proof that my statements were wrong.
Or get lost.
@@theyoungkulaks3381 he doesn’t even sell anything
excuses, excuses. as if the successful people didnt do any work to get there.
Better to go a casino. The same thing. Learn investing not trading. Most of those guys have no money. Just good at talking.
+Mac Walen said the guy who don't trade.
You must not understand simple math, probabilities, physics, & cosmic law. If I were you I would stay out of the casino as well.
+Mac Walen You are a moron in my books.
+Mac Walen Well said. Unfortunately all those wannabe traders will keep falling for tricks of those snake oil salesmen until hole in their account becomes too big to ignore. None of those "trading mentors" can show independently verified track record (despite there is plenty of tools for that, e.g. myfxbook), they are just excellent sales people talking about psychology discipline, commitment etc. What people don't understand is that markets are very close to being 100% random and you can't beat randomness with any kind of psychology and discipline. They will fool themselves with hindsight bias until they learn it is just as random as casino.
Mac Walen broke ass jealous dude
He is just saying non-sense, he will never teach you, how to trade
Tom is Agent 47 in the trading world.
Thank you.