Trading Psychology Event | Learn to Think Like the 1% | Part 4
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- Опубликовано: 14 май 2024
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In part 4 of Tom Hougaard’s Trading Psychology presentation, he discusses what we can do to differentiate ourselves from the “normal” when trading on the stock market.
He dives into our cognitive processes, with both the conscious and subconscious reasons we have for our actions when stock trading. Hougaard talks about writing his debut novel; why he chose to write it and the process behind it.
Hougaard critiques the attitude of taking a ‘half-profit’, then concludes this part by giving a 6-step mental foundation for profitable trading.
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Part 1: • Trading Psychology | W...
Part 2: • Trading Psychology Eve...
Part 3: • Trading Psychology Eve...
Part 5: • Trading Psychology Eve...
Part 6: • Trading Psychology Eve...
Part 7: • Trading Psychology Eve...
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#trading #stocks #stockmarket #tradingstrategy #tradingmistakes
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Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person
My advisor is Dawn Maureen Humphrey she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
"People are fearful when they should be hopeful. People are hopeful when they should be fearful". It was like a slap of truth.!
Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.
Oh! So you too have been investing with Mrs Naomi, I found out about her on RUclips and ever since then I've been making consistent returns with her
I've been trading with her signals for the past three months after buying different courses and still ending up blowing accounts, I'm now profitable and I'll be investing with her soon
@Miller lopez Please how can I reach her?
@Miller lopez bless up. I'll send her a text ASAP
Her success story is everywhere. I keep on hearing expert Mrs Naomi. name being mentioned here and Twitter. Does she really worth the credits and reviews?
Once you actually start trading live and start to have profitable weeks/months. These kind of videos will really start to make sense. So if you don't think it's helping you now, just come back when you're knocking on the door of consistently profitable
I want to learn how to do technical analysis, know the psychology of market, can anyone help?
So true
great comment
@@pritam9645 if you still need help, I can
@@TraderTez how? Please tell
For all you beginner traders out there, this is the only ''strategy'' you need to master. Nothing else. Master your emotions and you will win in this game, big time. Thanks Tom and CMC team.
Thanks for watching!
What is his name ?
Milan, any suggestions on mentorship programs?
@@mp38111 RUclips by far is the best resource for knowledge, it will take some time for you to succeed but it's worth it. My advice is to master one strategy and stick to it for as long as possible.
This is gold. Cut your losses quick and let your winners run.
Sure that part is good, but pressing your winning positions more and more is a recipe for blowing up your account.
How likely would it be for your wins to go back to where your stop losses are. Or is he suggesting trailing stops?
@@extraordinarydave you gotta watch the chart and as long as the trend holds you stay in
@@TideV2 thank you! This is good advice . unfortunately I can only set trades and I need to go back to work and with family so monitoring the charts is impossible for me.
@@extraordinarydave Yea, being a trader is a different animal then a investor. Takes a lot of dedication.
I need some assistance because I've been investing poorly and wish I could make weekly income.
Negative habits like procrastination, distractions, and doubts may all be broken in order to help you reach your life objectives and save money for investments. In order to help you change these poor habits and make prudent financial decisions, you can also engage with a professional.
@@rachellovescats8481 I don't have any instructions, so how do I start making amazing investments that will pay off?
@@aarnavfarhan8737 Fomoing and jumping into cryptocurrency without direction are two common problems that inexperienced traders run into, and it never ends.
@@jamalraymond1074 Yes, I agree with you; nevertheless, it's difficult to find a competent trader these days. You definitely need an experienced mentor to help you.
@@CatalinaTaylor-gt5jx Well, Karim Elias Karim and I have been working together, and his platform has developed into a fantastic backup to my assets, so even if the whales decide to play with our emotions, I'd still be safe:)
Wow. The 'everything hurts' notion makes so much sense. You can't predict the market directly, but the market reflects human behaviour and humans want to avoid pain. So making money requires you to do the opposite and embrace pain.
Absolute GOLD. I rank this right up there with the teachings of brother Mark Douglas (RIP). 👍👍👍👍👍
Thanks for watching!
Yup, I agree!
Yes, absolutely!
So good
Yes, he is absolutely up there with Mark Douglas.
I’ve been watching SAM DEYMON channel for the past couple of weeks. I’ve learned so much and just want to say THANK SAM. You inspired me to start dropshipping and pursue my goals in business. Best of luck to you and your future 💯
value your perspective and content!!depending on this current administration is a total failure I really have a question For someone with less than $15,000 to invest, how
He's GOOGLE account AND TE LEG RAM...
@samdeymon53 💯💯....that's it = 4 advise
Thankful for the content so i can reach out to him
Amazing seeing others Trading with Mr Sam, I sta'rted my inve'stment wit $15,00'0, we grown to $55,0'00. This is absolute genius. Thank you for providing such sincere and informative guidance. I like that you said to set a goal and plan this year by reading a book or an annual report, for example! Sam Deymon seems very proficient, I'll be writing to him shortly.
Him saying "youre not fearful of losing, your hopeful it will turn around" referring to a losing position.
Him saying that is so true for most people.
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.
These uncertainties will always be there. Thing is, every once in a while, the market does something so stupid it takes your breath away. If youre not ready for it, you shouldnt be in the market business. or get you a skilled practitioner.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors' and hear-says, it got the best of me in the year 2020 and had me holding worthless positions in the market. I had to revamp my entire portfolio through the aid of Heather my financial advisr, before I started seeing any significant results happens in my portfolio. Been using the same advisor since then and I’ve scaled up almost a million within 2 years. Whether a bullish or down market, both makes for good profit, it all depends on where you’re looking…
@@lipglosskitten2610 Not bad at all. I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market. Could this coach that guides you help?
@@hermanramos7092 Finding financial advisors like Catherine Morrison Evans who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@@lipglosskitten2610 Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
This guy's presentation skill is incredible
People make tons of thinking errors in their everyday lives and they carry that garbage into trading and never realize it. Thinking correctly is my number one goal in life as well as in trading.
This talk is priceless. I wonder why more people haven't heard of this guy?
My guess is that simply it isn't in the best interests of the powers that be.
Coz he hasnt shown his pnl and trading history
Dude. This video has almost 100k videos. Most probably 90% of views are by normal people. That would mean there is a 1/10 chance you are not normal. I wouldn't enter a position with 90% chance of losing 😂😂😂
Good, let's keep him a secret. I want to make my millions first before the cat is out of the bag
Because they are too busy looking to pick bottoms to long & highs to short...
Take comfortable stop loss target and an uncomfortable take profit target. That's my golden rule
"Were Edwards and Magee traders? No, they were not traders, they were journalists" that was so good!
Bambi Alex on Facebook
Watch this again and again and again. More and more will resonate with you and it will change you, the only weak link in your trading. It worked for me and I’m grateful for the freedom this has led to. Retired from my job and live off a 3k portfolio that generates about 1k a month, sometimes even more.
Inspiring Dave !
I was gonna ask how that's possible to live off of but I forgot I live in california with 2 kids...
You should get a side job and reinvest those earnings, in 12 months with compounding interest of 30% a month your le looking at around 42,000 at the end of the year. A 30% increase on that is over 12,000.
This info is fire to the average day trader. Thank you!
Omg. This guy has balls and sharing them with public without being shy....
Because he is a well trained trader, fearless
His words are exactly what I needed to hear right now. You can’t expect different results if you keep trying the same thing. Simple but true.
Thanks for watching!
One of the BEST videos you’ve ever put out Shay. Yesterday I wanted to quit after 9 month of live trading and cried my eyes out. THIS VIDEO reminded me I’m not alone and I must persevere. Thank you.
Wow hope you make it though.
I'm going through the most right now, making so many losses it's painful.
How's it going for you right now.
Why there are less viewers for quality content? I am trading full time and this guy is just speaking the truth..
Thanks for watching!
this video is for the 1%, the 99% are watching entertainment videos.
ha because people want it easy... not afraid to be honest with themselves and step up and improve. No pain... no gain.
Because...its human nature🙂
@@0989DJ Bambi Alex on Facebook
Not only is the information this guy is handing out Gold but his delivery is excellent! wow.
What he said was pure Gold, hands Down ! I'm amaze of how truly his oponion was.
Has the book he showed published yet ? I'd love to order
I was introduced to Charlie Difrancesca when I was a medical student in Chicago in the 1980’s. I’ve read the book about him, which you referenced. This is the first time I have heard him spoken of in over 30 years.
Thanks for watching!
I want to learn how to do technical analysis, know the psychology of market, can anyone help?
Beginning my trading education and glad I watched this before wasting too much learning candlesticks. Thanks!
Hey while you shouldn’t rely entirely on technical analysis it can still be useful: you shouldn’t go into a trade blind
man this is JUST what I needed. Amazing content, amazing speech, I NEEDED this so much today, wow!
I am so thankful for this presentation. Tom, you are the man!
Everything you're talking about regarding a good trading mindset hits right on the spot with this series of videos.
Thank you so much!
godlike mindset training, much love from canada
I love the energy of this man.
Im a dane and i have been trying for a bit, and i cant believe i havent heard of Tom. He's such a legend!
If all content on YT would be so valueble❤️
Thanks for watching!
Tom is a boss in his field. Definitely advice everyone who is serious about trading to sign in in to his telegram channel.
This is gold, honestly
Thanks for watching!
The best lecture I've heard so far about trading. Respect!
Thanks for watching!
I want to learn how to do technical analysis, know the psychology of market, can anyone help?
Watching this speech is one of the best decision I've ever made. Instead of buying forex trading courses, this video is absolutely all you need when you are trading. Thanks for the golden truth!
Wow, what an incredible talk!
This is the best trader mentality seminar ever. Wow.
Damn, this is so me. It's amazing how he managed to "name" and tear down what actually happens inside my head when I'm trading.
What a Master class this is... Brutal
I appreciate all of the valuable information and will put it to good use. Thank you for your time!
Thanks for watching!
this is absolute 💎 gem thank you 🙏
Thanks for watching!
This guy is absolutely genius.. I began to think wisely after I had a great session with his video 🤩
I want to learn how to do technical analysis, know the psychology of market, can anyone help?
@@pritam9645 if prices are low relative to normal stock range and there aren't really bad news? buy.
Thank you, very useful for me, who is studying in the NFC community
i like the driving metaphor. thank you.
السيدة كلاريسا شرعية وطريقتها تعمل مثل السحر ، أستمر في الفوز كل أسبوع باستراتيجيتها الجديدة.
I am addicted to your videos. The most precious advice I have ever been given in my entire life! And the most precious facts as well. Thank you Sir, you are a game changer
Thanks for watching!
I want to learn how to do technical analysis, know the psychology of market, can anyone help?
Thank you Tom Hougaard. Bravo sir, this is invaluable!
Thanks for watching!
Thank you Tom was very interesting and educational
Great channel....great videos.... really impressed and I am also inspired
Thanks for watching!
Never knew trade could be so challenging! Kept running back to these RUclips videos to learn more about this your video is indeed helpful. Thanks
Who else think this trade is kinda easy but is way to nervous to start
.Sadly these are one of the changes in trade profit is not always assured..
Growing an account requires dedication and Patience
@@brandonhussain4258 .Not everyone has the patience and persistence to grow account. Some may end up blowing up their account.
@George Potter Demo account are risk free
thanks for the video and psychology is important to me. I am a new trader who is still learning in the NFC community.
What I learned, to win in trading, just get insider information, get an edge you win
I felt like I was in a church and that this gentleman was the prophet talking about all my sins. Please pastor preach.
This video is definitely a masterpiece
Depends I guess. Adding seems to make sense if you trade trending stocks. For penny traders, that won't fly. I enjoyed listening to the talk.
This video is like divine for me. This man seriously wants to help others. Thanks a lot for sharing.
This content is incredible! thanks a lot
Thanks for watching!
I want to learn how to do technical analysis, know the psychology of market, can anyone help?
Classy sarcastic learning. Good on you sir. Subscribed for more
Thanks for watching!
Tnks man now i see why i am always switching strategies
your videos are amazing! thank you so much for these
This is GOLD.
🔥🐐just learnt allot from this channel and just subscribed ❤
Listening to this video certainly helps me. I wish I can click 'like' so many times.
Thanks for watching!
“I wish I looked like what I did 15years ago” ... Literally does, LITERALLY!
Absolutely 100% correct....its not easy
This is brilliant!!!!
Thanks for watching!
Damn... Man I need to read your book
Thanks for your sharing!
More than Gold! Gracias!
best lecture of trading in history
Simply the Best
People are *hopeful* when they are *fearful* and they are *fearful* when they are *hopeful*
That will stick with me forever.
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
Investing in stocks and crypto is a good idea, a good trading system would put you through many days of success.
It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.
Having monitored my portfolio performance which has made a jaw dropping $370k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.
@@wilsonbrown8993 Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?
@@louisclifford9874 Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.
I love this guy because he emphasizes one really important thing. No one knows shit about the market. Flip a coin and learn how to win the coin toss by becoming less emotional about choices. That would be his TLDR
My only gripe is he suggested people to buy high short low... which is basically the more extreme of buy high sell low... This may or may not be his intent but it appears this way.
The best of the greatest
The most honest person I ever met on the internet, I assume.
Mind-blowing
“Ouch”! His outburst of emotion @18:05 made me time traveled back to WW2 😝🖖🤓🌹🌈🌎🙏😘
my way of thinking changed as a trader after watching all this
this gentleman is spitting gold right there.
Thanks for watching!
Magnificent information indeed.
Thanks for watching!
I want to learn how to do technical analysis, know the psychology of market, can anyone help?
good presentation,hope can meet this guy
This is just the way things are! 90% of the people who trade just don't have the capacity, patience and understanding when it comes to making money from the market. If you wan't to be successful, concentrate on being the 10%!
amazing million dollar knowledge
I loved the car example!
Best talk every!!! I wish I found this Before, thank you so much 😊
He's actually spitting straight facts, I have caught myself trading like this and yes, I actually lose out on profits or lose more money. Although I'm profitable overall, I'd be very much more profitable trading like he does.
Seeking for her contact details 👇👇👇👇
You can reach her via WhatsApp and email 👆👆👆
Bambi Alex
I'm so happy I'm watching it before I commit to trading
Thanks for watching!
Omg. You're the gospel! I learned all this first hand and you just confirmed it! The pain teaches you how to react to the market the way getting hit teaches you martial arts. Small dabbling positions don't hurt. So you learn nothing. But you put a quarter on the line and have to be right or lose 2.5% of your life savings. That hurts. And that taught me real quick.
Great talk , How do I get the copy of the presentation , those 157 slides?
This part is why I have maxims.
1) I don't look at price it's a tertiary byproduct.
2) sellers want to sell and buyers hesitate so if it's a tie the prices will still fall.
Really good stuff, especially adding to winning positions...
good i love this just made a good profit while watching this amazing video
I've been studying trading since 15, 18 now. This is incredible advice. I was so excited as I studied this because he's making a lot of great points. You have to fight your normal human psychology to win in the markets.
Everything began to switch when I started mastering myself and my emotions. Sticking to a pre defined plan. Accepting that entering trades is exposing yourself to the randomness of the market that you should not try to predict. Instead focus on what you can control.
My early trading desire to focus on techincals and knowing exactly what the market is doing was founded on the false premise that I could learn to predict the market. It only ended up in frustration which led to studying more about technicals which restarted the cycle.
I've studied hundreds of trading videos and watched hundreds of hours of trading content. This is one of the best things I have seen.
This is great stuff, Ive been thinking lately maybe I should just do the opposite of what Im doing out of spite. Its mental dysfunction, Im guilty of everything he’s pointing out, fascinating.
Thanks for watching!
Would you advise me to sell my house, get further in debt or just use max lavarage to add on my winning positions?
Thank you for your sensible advice
Absloute highstakes stuff!!! want to see more oh him.. greetings from germany
Thanks for watching!
Whenever I’ve added to successful trades it’s most of the time turned around and hit my SL, so I’ve learnt the best way for me is to have one maximum two trades open. I guess this does also depend on what time frame you are trading. I do intraday/scalping