Discipline Is the Holy Grail
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- Опубликовано: 8 фев 2025
- More from Tom - Discipline Is the Holy Grail
Tom Hougaard was a guest in the MoneyShow.com video studio at the recent Las Vegas Traders Expo.
You can find the links to the segments that we taped below. We will be releasing them onto MoneyShow.com in the coming weeks; however, please feel free to publish or distribute them as you see fit so that your clients and followers can benefit from them as well.
“I don’t even have a system, I just look at the market and feel it. Because when you spend 10-12 hours a day watching the market, you realise you’re not actually watching the market, you’re just watching all the human beings.”
This man is on a different level.
Tom’s answer: make sure you journal every trade. Write down your mistakes and the things you did well. Journal your technical and psychological mistakes. Then, review your mistakes daily and try your best to not repeat them.
Sure, but that's not the essence of what he's saying. His answer is not that you should journal, his answer is, if you really wanted to be a trader, why aren't you doing that which is required already? But no one wants to face that answer. Hence, his point.
Tom is the Hitman of Trading.
He sure us!
@@naveendilshan7329is
Why is this the top comment on all his videos 🤣 what does it even mean to be a hitman of trading
This man is razor sharp!
After months of blowing up accounts i started to journal my trades, started this monday, its now tuesday and just within 2 days i passed phase 1 on my acc. Trading is really simple, its not a game of high iq or anything, just pure discipline and emotional control. Believe me brothers, its easy you got this!
The pressure of journaling alone makes you avoid opening random, FOMO positions. Its incredible, just start to journal.
Discipline and patience. That's all it is. Sticking to your strategy and learning to wait it out.
After only two successful days you've decided to claim that trading is simple?!
Yeah bud, 1 month after that comment i got my payout, which puts me in the 10% of all traders. I hope one day you get yours too.
@@FlameHeart1 hey man i hope u give me answer, i was started trading a year a go and i was doin good and 3 months ago i had a big break i wasn't doing good so i took that break and am lookin to get back to the markets but my strategy is not clear its one of the reasons took break and am looking for a solid strategy can you help with that?
@@ethiogamers8758 Of course brother, it takes some traders months, some years to get profitable, you will have your ups and downs just like any other trader, just dont quit, trust me on this. About my strategy:
Id say my strategy is pretty solid since it prevents you from overtrading immensely, but it could definitely use some refinement. I only use 4h and daily zones, by zones i mean supports, resistances, supplies and demands mainly. Watch all of money ball austins supply and demand videos to perfect your understanding of them.
For entry i just wait for a 1m shift (break of structure) and enter. The price either gets a reversal from these zones, or breaks and retests, either way is really simple.
As i said its a pretty simple, straightforward strategy, you can add stuff like fibonaccis, EMAs, et cetera to get more powerful sniper entries. Its up to you.
In just 1 month with this strategy, ive got my first payout on my 6k account and almost passed phase 2 on my 25k account, trading is that simple, just have a strict and easy playbook. Lately i have been trying some swing trades as well. The less time i spend in front of the computer, the better result i get.
Its a personal game, some find money in scalping, some algo trading, personally ive found it in more day-swing trade style. Wish you the best my friend.
For extra information i will provide you the list of courses i took and found helpful.
Abdullah Rasheed's zero to funded is a great course but its around 500 dollars
Money ball austin's videos are free on youtube and really helpful
These 2 made the difference for me. Again, wishing you the best brother.
Hoggard what u said is reality, after 10 years in this field losing money, now I realized doing over and over what is working is the game, now u become my mentor, I watch many times this video and always learnt from it and never become bore watching this video
Success in life is a question of what you do every day. It is not one grand gesture…
Masterful
you not watching the market you watching other human beings "such powerful simple words!!"
Thank you very much Tom. Everything you say is painfully true, I have learned so much from the small amount of videos you have on youtube, they are real treasure.
Absolutely true👌👌👌
Nothing painful here for me
@@sugarsaint so how much you make a week at trading ?
@@guillaumefloatin91always minus been trading on off a few months how about you ?
❤thanks Jack for your sharing this wonderful way to learn how to talk and to know my self better .
I'm so glad I came across his seminar, it just changed the way I trade.
the best advice you can give anyone, i've learned that over the years, and can say i support the message 100%
Self Awareness is the Key. Moment to moment every day every moment. Especially WHILE TRADING
Ive been doing daily technical analysis for over four years, and some trading in the mean time. Blowing up accounts, not learning from mistakes, revenge trading, too high leverage... Many people will relate.
But I don't give up, I am going to learn from my mistakes and take this more seriously than I have before.
Trading is in the mind. Once you control your emotions and your mind, you can start making profit! Just believe you can brothers, I will see you behind the charts! See you ;)
Tom i understand you 100%. You speak truth
Thanks Tom
Such powerful words, Thank you
Thank you Tom you are "AWESOME "
*"A lot of people are very happy not making money. Because they wouldn't know what to **_do_** with themselves if they made a lot of money trading." It sounds counterintuitive but, in fact, holds THE key to success for most aspiring traders. Overcoming obstacles the Markets present is (almost) easy Versus overcoming the inner emotional and psychological obstacles of **_yourself._*
Amazing. Amazing. Amazing.
It sure is, thank you. I've learned massively from you already.
Excellent interview! Perfectly said.
called me out with those 3-4 days of journaling
this guy is the real deal. takes 10years to get there.. keep at it. only 1% make it
10 years. You are out of your mind. Probably not profitable either.
@@absoluttchamp so how long that it take? I tell you what, most traders fail because they aren't even learning the right stuff. Why, because the sometimes it's not the student, it's the teacher. I realise it takes a long time to understand the markets. There are many trading styles, why is that. Why can't traders trade a couple of ways and all make money. It's not working like that. Another reason, most traders are starting with little money. So how long does it take then?
Hello dear traders. Trading profitably take a few decades if you are doing it alone. If you have the luck to learn from a mentor such as Tom I'm sure it could be taught in a few months. However not many have that luck. If you are meant to be one of the rare 0.1% of constant profitable traders you'll known when you're there. We will all get there at a different time as we all learn differently. It is not a race. It's about making a sustainable income while not sacrificing health and relationships in the process. What good is all the money if you lack any of those two. It's taken me personally a very long time. I would never advise my worse enemy to take up trading for a living as there are other ways to accumulate a fortune in a faster manner, with much less efforts.
For those of you that are still trying, yes it's possible. But be warned is not easy, work on yourself everyday. Buil yourself. Work on your self discipline, put God and family first. Then work around a schedule that fits all elements in. Good luck to all 💪🏼
Profound truth. Glad I happened across this today.
Brief, but powerful interview
Tom, is such a classy gentleman.
really love your concepts about looking the market.
Very true. Sound advice from experience. Don't be afraid. You're dealing with uncertainty as soon as you enter anyhow...Learn your price action. Break of structures, s/r or supply and demand level...Make good entries, Get comfortable IN the trade, exit, repeat. Make 75k live trades. Write down everything, it will click...enjoy
Great video !! Truth
amazing interview lots of learning
watch this at least 20/30 time so that it go in your mind..
these 2 make an awesome duo
You would be a great preacher.
Fckin LEGEND!
the legend of trading 🔥
He's a real one.
If you are new seeing this (or experienced) get Tom's book: Best Loser Wins. Tons of amazing info packed into a short book. If you're new, some stuff might not make sense yet, but LISTEN TO TOM!!! You WILL get it!!! 🙏
brilliant
Clearly you have confronted your demons. Great job
It's the reverse matrix. I see humans behind the numbers :D You rock.
I pray other traders never find these videos😂🤞🏼
But why bro
@@Innocentworld2 no one is gonna save you
When u win a trade.....Where do you think you get the money from ? It's from the ones who lost the money. So it's technically preferable if 90% people are in loss so the smart 10% can earn money. It's as simple as that mate
Even with the grail 99.99% will still lose
Lovely
pure wisdom
Amazing speech! I also feel the market. When I am in tunes, I kind of
knowing which direction the market goes 😇
True. Great
Hey Tom your point are indeed a big fact
oh my Good so true
Great
He is so right about that. I made tons of money but i ended up sabotaging
Truth
Gold
🙌
Tom Hougaard. I haven't heard of you. But I been discovering some new interviews. I am quite sure, you are a very good trader. However, some traders are taught the wrong techniques. You are probably right that it takes hard work. However, what is probably true is that most traders have teachers that can't teach, or their using the wrong trading techniques. So no wonder most traders fail.
Just because you failed doesn't mean that others can't succeed.
@@TheNameIsFreddy I don't doubt there are successful traders. In my opinion, even a buy and hold investor is really doing the same or similar thing. It's gurus that I have followed who told me investing isn't the same as trading. Yes, day trading or short term is different but in a way, even an investor is buying and selling it for a profit. Traders also do that right. Yes investor hold for longer. I don't like the term trading at all. It used to sound so exotic style. The truth is 95 percent fail at it and investing. Most investors aspire to be successful investors. And I ain't going to give up. If I was successful I wouldn't be typing this message.
@@interests1094 are you profitable now?
@@ahmedalshamsi6528 no far from it. I still have stock market dreams. But no am not. lol
Very beautiful woman
As i learned from him.
Fear.
Something tells me that Tom doesn't believe in participation trophies.🏆😜
Would you mentor me?
0:41 learn
Oprah Winfrey lost some weight.
2025
want to learn discipline?!?,... quit your job, and see what happend.. you'll learn how to make money quickly,.. You better lear😐😐
When tom wasnt even profitable yet lol