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/
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► 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
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