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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.

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