In this second instalment of our trading psychology series, Tom Hougaard delves into the ‘deception of charts’, whether or not there is the perfect system and our self-awareness when trading.

He uses historical stock charts to depict trend lines and what he means when he says ‘embrace trading for what it is’ and the importance of stop-losses. Hougaard also dives into the big question a lot of traders must ask themselves; what is your trading philosophy? And is that in line with your own best interest?

He also shares what he learned from watching people trade on the stock market for a decade and what mistakes he saw people make. Hougaard also makes comparisons between trading the stock market to various diets, with his overriding message, we must have self-awareness of where we keep going wrong.

► Check out Tom’s website: https://tradertom.com/

► Get your copy of our FREE Day Trading eBook: https://www.cmcmarkets.com/en/opto/ebooks/day-trading?utm_source=YouTube&utm_medium=Display&utm_campaign=TomHougaard&utm_content=parttwo

► Sign up for our newsletter:
https://www.cmcmarkets.com/en-gb/opto/newsletter

Be sure to like this video if you enjoyed it and comment below! ⬇️

► Check out the other parts of his presentation:
Part 1: https://www.youtube.com/watch?v=xoGOZD7-3gY&list=PLG-cFxyNs94VFAv_l_aW0lOpRxrCtPum6&index=2&t=0s
Part 3: https://www.youtube.com/watch?v=4SzQimeHGjk&list=PLG-cFxyNs94VFAv_l_aW0lOpRxrCtPum6&index=4&t=0s
Part 4: https://www.youtube.com/watch?v=vTboKA-y_So&list=PLG-cFxyNs94VFAv_l_aW0lOpRxrCtPum6&index=5&t=1104s
Part 5: https://www.youtube.com/watch?v=yXKSEz8ureA&list=PLG-cFxyNs94VFAv_l_aW0lOpRxrCtPum6&index=6&t=1432s
Part 6: https://www.youtube.com/watch?v=Gu8smLhXkuo&list=PLG-cFxyNs94VFAv_l_aW0lOpRxrCtPum6&index=7&t=1s
Part 7: https://www.youtube.com/watch?v=4MH9y03B2JM&list=PLG-cFxyNs94VFAv_l_aW0lOpRxrCtPum6&index=8&t=0s

► Subscribe to our channel:
https://www.youtube.com/channel/UCENW0ZwwrW6NG52OJnRxNLg?sub_confirmation=1

Or reach out to us with your ideas on future trading content you’d like to see.

📈 To read the latest stock trading news:

► Visit our website & sign up for our newsletter:
https://www.cmcmarkets.com/en-gb/opto

► Follow us on Twitter:
https://twitter.com/OptoCMC

► Check out our previous Tricks of the Trade event:
https://www.youtube.com/playlist?list=PLG-cFxyNs94V8P9B0NxngVxQ8OyTc3x6Z

#trading #stocks #stockmarket #tradingstrategy #tradingmistakes #events #londonevents

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money