HARDCORE SCALPING

In this video, Tom Hougaard goes through the NASDAQ scalp trades he executed on his Telegram channel today. It amounted to 243 NASDAQ points in 90 minutes. This was after initially losing 90 points on the first two trades.
It is a prime example of the value of mindset, preparation through knowing your markets, to the value of adding to winning trades.
Enjoy
✅ Visit Tom Hougaard's website: tradertom.com
✅ Follow my Telegram group FREE trading signals: tradertom.com/trading-signals/

[@TraderTom]

I feel really bad about shouting at people for not asking me how it was done.. I had forgotten that I had asked people not to disturb me while I was trading :)))))

[@othmarstehlik5339]

No worries:)

[@raidaru]

I'd say a lot of things 2 u but I imagine myself trading and then hundreds of messages appearing out of nowhere, I would throw the phone into the toilet🤣 So I'll just observe😎 Anyway I think most important thing I've learned from you is about the mindset u need 2 win in the long run😎 and I thank you for that

[@raffaelkientzl3555]

dont worry ;-)

[@nickyversyck1858]

Really great explanation of why you took the trades Tom. Straight to the point, as always. Great vid.

[@TheSpringHunter]

Thank you for the latest scalping video, going down to the 1 min chart really made many of the things you do so clear as sometimes while watching the 5-10 min plays you can't exactly figure out why you do what you do and how you think at that moment. That really was an amazing one, definitely started seeing things I didn't notice before.

[@HK-mh2wd]

We are really grateful for what you do every day but we don't know how to express our gratitude without taking a little bit of your precious time. You wouldn't have time to trade if you had to read all the messages of gratitude we'd like to send you every day. We really appreciate what you are doing Tom, and thank you for this Priceless Video that you have created quickly.

[@MrOgunseyinde]

Truly priceless.

[@kondor7]

Feeling the same. Not willing to make you lose your time with a simple 'thank you' Tom but we are probably a vast army thinking the same :)

[@MindsetMojoHacks]

Thank you HK 🙏

[@oofmiester5354]

We really appreciate this content Tom! You don’t have to explain your winning days only. It’s very helpful to see your mindset on okay says as well. Cheers!

[@tamas4442]

What a clear, accurate, understandable explanation! Your narration has made the dry topic enjoyable, it’s a rare skill. Thank you Tom!

[@marc-antoinefafard9053]

I was there for this session, that was an actually very intense and fast one!!Thx for the explanations because there were parts where I had no clue of what was happening!

[@jasonmurray2056]

Very appreciative Tom for this very high quality vid and delivering on the day! Amazing! Props to you! Love this style as I went on the journey with you today (did not take all the Nasdaq trades) and the video showed how to piece the puzzle together as it can get overwhelming on the current high volatility but you taught how to take every detail into consideration and adapting to every candle which the market is giving you. Thank you.

[@butchangelo3880]

That was a great scalping technique!.Congrats Tom!!Another great lesson I learned from you today. You learned something new everyday,isn't it?..Thanks again Tom!!

[@rinareynolds3284]

Yup. It all happens so fast. That’s why I understand you. I enjoy your group and your intense entries. It’s raw and real. It helps me learn how to stay confident and be more aggressive in the best ways. And how to wait. Thank you for allowing us inside your mind to learn.

[@MindsetMojoHacks]

It is great to hear it adds value to you. 👍

[@fartsimpson8610]

Brilliant!! Far far far superior to the other guys who say after-the-fact, "Here's where I would've bought...here's where I would've sold....Look at that, I made a million dollars!!" Thanks for keeping it real and showing that it's not a game of perfect, it's a game of risk management, consistency, analysis, and rapid execution.

[@rich77A]

You are a true legend Tom. I know it will take a long time for me to trade consistently profitable but you are the light in the tunnel which encourages me go through the whole process. Take care

[@Playeriyo20]

We learn from errors and experience and your videos of real time trading with the explanation of why you take the trades and what is happening helps a lot thank you soo much

[@AnthemDrums]

Tom - I love the fact you dissect your psychology for us. The moment you got back in, and doubt rear-ed its ugly head at 14:45...What a relatable moment. I love it! So often, I get out early and watch price rocket to the moon...me, with my mouth hanging open. Then, there are those times, I remember that "left-behind" feeling and say 'damn-it' and buy @ MKT. only to watch price turn against me...oh dear. Then I look back, post-mortem and see the resistance...Im learning one day at a time, one post-mortem at a time. Between you and Al Brooks - I find myself doing less "stupid things.." Thx for the video!

[@floydsmithjr7999]

One thing I appreciate about this video, Im always beating myself up for exiting to early, not knowing if I’m right in how Im trading. It’s reassuring to see a professional trader having the same questions and trepidations when watching each candle form. I remember an interview with a trader, he said “A profit is a profit” In other words get rid of your ego if you want to survive in this business. Ive recently increased my trade size so I can avoid suffering through a pullback in order to make an acceptable profit. The only problem with that, the reason why Ive subscribed to your channel, is dealing with the mind altering stress of putting on a large size trade in an uncertain environment. I’ve copied and pasted the rock climbing pics in my trading notes. Those pics are right on the money.

[@hugojensen2]

Fantastic trading Tom. Thank You so much for taking the time to explain your thought process during trading "priceless" learning a lot from you...

[@MindsetMojoHacks]

Thank you Hugo 🙏

[@Tofeu90]

Thank you Tom for your 'on the point' explanations and all the hard work you put into your videos to teach me as e novice trade :)

[@lipsmit]

This is amazing Tom. Extremely helpful, focusing on mental strength

[@raffaelkientzl3555]

Dear Tom, just thank you for what u do, it gives aspiring traders tremendous value

[@SVI1974]

Thank you Tom for the great effort to share your trades on the Telegram. I was amazed by the speed of your trades and sharing at the same time. And you even made a video to explain your trades, great effort indeed! deeply appreciate

[@chrisdavies3082]

Thanks, Tom. Great content, as always. One thing I am terrible at is determining when to exit. Entering isn't so hard, but exiting is very difficult. I'd love to see a video / course / whatever on how you think about exiting, both from a technical level and from a psychological level.

[@lenzluwaihong1145]

Thank you! Excellent video in your explanation, it's been a while since you posted and explained in detail. Look forward to more such videos.

[@Jon77777]

Incredible! Thank you for this lesson 🙏🙏

[@wisnuwardhana8544]

This is what I’m looking for, Tom. Been your member in telegram but due to time zone, the value is low for me. This video gives me how your thinking process in taking position which is the most valuable thing that I need. Thanks a LOT! Hoping you would kindly made videos like this from now.

[@MindsetMojoHacks]

That is good to hear. But videos like this take a long time to make.

[@jollydarrenmarin5460]

Wow!You cant find this video on other channel !the truth of trading! Thanks Tom!

[@yohtza]

Very helpful Tom, thanks for explaining your thought process!

[@ayva_shorts]

I always asked myself, why you do that for free and spend your time in making this videos? Because you LOVE what you do. Thank You for this incredible teaching. It's priceless.

[@MindsetMojoHacks]

Tom and I ask ourselves the same question from time to time 😉

[@ayva_shorts]

@@MindsetMojoHacks 🤍

[@aridematos3555]

It's so nice to see such transparency!

[@saidch7035]

Great trading session, very impressive to see tom trading live, thanks for the effort 👍

[@dandarefpv1860]

Hi Tom/ Lenny. Just wanted to say thanks as always. So much information and knowledge imparted in a nice, clear and concise video. Another Team Tom nugget of gold. Looking forward to reading the book for sure. Mindset is everything in trading, as it is in life.

[@MindsetMojoHacks]

Thank you so much

[@jznatnykh]

Thank you, Tom! An excellent walk through.

[@MindsetMojoHacks]

You are welcome 👍

[@adrianpop316]

Awsome, I was watching în real time👌nicely done

[@Diedrikdejonge]

You produce t he best Trading videos on the whole World Wide Web. Thanks!!!

[@urosnovakovic4649]

Love this type of video, step by step

[@joemec4377]

After around 1 y being in this game, now this fella comes around and my world is upside down again 😕 ty for your insights.

[@MindsetMojoHacks]

Tom has been around for many years.

[@rustyjeff3007]

Thank you for this detailed explanation of how you view the market while trading..

[@segth]

Insightful video, really adds a lot to better understand your rationale for live day trades being taken throughout the day. Learning from your trading expertise in real-time is a real privilege and very much appreciated.

[@IonutGabrielLica]

Trading along with you quite often I delay the closure for different reasons: being a beginner, telegram delay.... Oh, still going down, oh still going up! Also because my margin is low I trade somehow with you SP500 instead of Nasdaq. I guess it is the beginner's luck or I am not so alert like you. Invaluable lesson. Thanks.

[@stephanus6641]

Amazing. Thanks Tom!

[@tradingwithtravis6896]

Great video loved the explanation. I took a lot of the same trades and caught that one big move down too with a successful add on! I'm struggling a little bit with shorting the tops prematurely and taking the loss and then seeing it do as I planned afterwards 😡 LOL. I guess I should wait more for the overshoot to enter on those. Thanks for the video!

[@oussamakuzan5020]

Thank you for your time Tom ♥

[@azamjavaid]

Watched this four times now! Amazing analysis.

[@MindsetMojoHacks]

Thank you 🙏

[@GreatWhiteTrading]

That was amazing!!! Wow 😮 I'm gonna learn from you!!! Thanks 👍

[@Zdravko7]

Really good trading, professional, thanks for sharing 🙏

[@mayank6572]

This channel is pure gem ❤

[@MindsetMojoHacks]

Thank you.

[@DZiden28]

Thank you Tom. This video helped me figure out exactly what I've been doing wrong for thr last week of trading

[@MindsetMojoHacks]

That is great to hear Daniel 👍

[@alisalam5291]

Seriously Sharp and focused trading! wow wow wow

[@DorelRoata]

Thank you for sharing the experience!

[@TraderK67]

And that is how it it is done ! I was there following along as it happened this morning and today was the first day I thought ..hmmm why don't I take the trades as he calls them...As I've never copied one trade in the last 1.5 yrs...(I've never copied anyone's trades) Anyways was a good day to say the least. Thanks Tom you are the GOAT! Mexico Kevin

[@ruggedsailor2090]

Been waiting for this

[@lordosis7990]

You said don't contact on tele boss 😮‍💨 Great job 👌

[@Idontknowww97]

Amazing trading. Nice pic by the way 👌

[@longwoodcurrencytrading]

Thanks for taking your time to describe in detail your process. No set rule; just observation of the current price action. Pretty simple, though not easy for sure.

[@MindsetMojoHacks]

It is NOT easy at all 👍 Just a lot of hard work.

[@longwoodcurrencytrading]

@@MindsetMojoHacks And it becomes more difficult as you increase your bank size, moving from a 5 figure account size to low 6 figure is quite different than moving from low 5 to mid 5 figures. Tom amazes me with his total understanding of probabilistic analysis of win to loss variance.

[@MindsetMojoHacks]

@@longwoodcurrencytrading it is also hard people going from 4 to 5 figure

[@longwoodcurrencytrading]

@@MindsetMojoHacks Actually, Lennie, that's not quite so hard as it may seem. What I tell folks is to HAVE the 5 figures in your account but continue to trade for awhile with 4 figures. Seems strange, but your emotions don't get clogged up so much then when you actually are say in a running winner and you then back the truck up and load in with some of that 5 figure stuff. That's what breaks the ice. I did the same thing when I went from 5 to 6 figures, except for the first couple of weeks, I dropped back to trading 6 minis ($6,000 account size). I hit a good run and upped to 5 and then eventually to 6 figures. And one of the things I harp about in my own videos on my channel is not to trade for dollars, but trade for pips; take the dollar angst right out of your trading at any level. Good trading to you!

[@MindsetMojoHacks]

@@longwoodcurrencytrading for you most likely not. But for a hard working person in ie Pakistan 4 figures Can look like an insane amount

[@guyblanco8349]

thanks for sharing your incredible trading with us. It is very much appreciated. Feel free to do it again anytime

[@georgep19844]

Hi Tom, absolutely love your videos and the talk you did about overcoming fear. However I have one question, when you say fear is holding traders back, surely when you say “if you are not feeling uncomfortable in a trade, you are not going big enough”. Would this not bring fear into place if feeling uncomfortable during a trade? Like feeling uncomfortable would ultimately lead me to exit early and be fearful, thanks again

[@Mark-Harding]

Great video, thank you.

[@remiewatkins8032]

Awesome stuff love your work

[@suncasa2224]

Love the way you trade without indicators etc.

[@MindsetMojoHacks]

👍

[@jedd2680]

Okay...Is this video free????? Tom you're a blessing!!!💥❣

[@oheyner]

Very nice Tom! Your exits (and adding with a „cushion“)seems to be based on a lot of experience (feeling) or did you also backtest them? I.e. the last trade min 45 or so….??? Thanks for your insides and Gratulation for your great book!

[@johnnybanana8004]

the thumbnail, jung tom looking good👍

[@Noumenon11]

Let’s go, Tom!

[@kk3528]

Very good video .thanks for sharing your knowledge .

[@MindsetMojoHacks]

Thank you K K 🙏 We have great plans for September and onwards stay tuned.

[@donkeyface]

fwiw, the new book “Best Loser Wins” … is great!

[@adel1247]

Dear tom thank you , Telegram channel name and trade time is different from TraderTom liveSwing trading ... Could we join you scalp group ,where there are some live channel and we can observe your psychological guidance and advices ? Thank you .🙏

[@deepmusiclove1055]

Thanks Tom

[@nicolaimarquez3055]

Lol, your first trade was my first trade, and I'm not in the group Sometimes you win and sometimes you lose, and that's just how it is I loved your analysis, btw!

[@alaaaldeenmaktabi2522]

Dear mr Tom huge appreciate for your gret effort ...i have one question if im on funded account and the highest drawdown is five percent 5%. ...can i trade with u with this rules ?

[@superwalnuts8760]

thank you Tom

[@akbarvusughian3997]

Thank you 🤞

[@girishm2537]

Thanks Tom for such great videos

[@MindsetMojoHacks]

Thank you 🙏

[@dkelly7159]

NIce job! 👍

[@ioanbalan1037]

thank you for sharing 🙏👍👍

[@Pshena54]

Thanks mr Tom!!!

[@phuocmai7416]

Hey Tom, did you record your seminar? I really want to watch it, I learned a lot from you. Thank you. (A small trader from Vietnam)

[@MindsetMojoHacks]

I recorded some of it. But the sound is very bad. I'll go thou what we got today.

[@Douglas-pk4og]

Really deep analysis on these bars Tom, I have a long way to go... I like it though.

[@MindsetMojoHacks]

Tom didn't get to that point overnight it takes hours and hours of hard work.

[@eduardobarillari2867]

fantastic

[@bobconnor2950]

So a trade where you have moved SL to break even, in your view is a free trade? Even though risk was taken for no profit? Some consider it a thinking fallacy. Because you're a successful trader, I find interesting to learn about the way you look at things

[@ranifaris4073]

Hey guys, on TD365 demo accounts, when trading are the fees already incorporated? so whatever I made/lost is what I can expect when live trading?

[@av603]

can i trade next to you for like 5 days?!? would be so much fun!!! Thanks for sharing your knowledge and for all your hard work! Peace and happy trading!

[@sushildas3432]

Your thumbnail Mr Tom. You look cool ..😎

[@MindsetMojoHacks]

At least the dog looks nice ;-)

[@thekernstable]

Hi Tom. What a day for you! I can’t afford to trade the Nasdaq like you…what is the alternative that I could trade when you send your Nasdaq trade alerts?

[@hellomiami4012]

Mnq - The micro nasdaq

[@MrFreeze79]

I wonder, did you trade this way when you had a small account? this is some wild trading.

[@enhongyeh2116]

Fantastic

[@steffmay7969]

you can see seconds if you hover over the timestamp on Telegram

[@abdirizakmohamud6591]

Cut your losses and if you are in profit double down go big but look for trend day 💯💯💯

[@th3orist]

what happened at the beginning shows that even a seasoned trader like Tom can be thrown around like a ball in the flipper machine. happens to a trader in the first months and to a trader after 20 years. it's at the end of the day really rolling the dice and what we think we "see" can be highly deceptive during the opening minutes. i know it's super hard but i just try to stay out of any trade during the first 30minutes after the opening. most of my losses come from that timeframe while most of my wins come after.

[@MindsetMojoHacks]

Good job. Knowing when to trade and when to say out will save you a ton of money. Personally I stay out or trade small early Monday and late Friday.

[@isoripper]

Tom rules

[@tigercatcamping5688]

Thank you Tom! Very Educational review of your trades today..... $59,000 day is simply OUTSTANDING!

[@nich870]

Question for the community.. What is the best way to find local day traders? Would love to find some trading buddies in my local area to connect with. New to Los Angeles

[@MindsetMojoHacks]

That is a GOOD question I was puzzled by an idea about this topic on the weekend. It was meant for Danes in Copenhagen and Jutland - but could easily be expanded all over the world. I haven't talked with Tom over the weekend ... so kinda just my thoughts ... but I think I have an idea.

[@CR-cy1he]

Nice one! To be honest, my mind would have longer latency to take a next trade. But not to trade is an advantage a retail trader can have over those working in an institution.

[@eclipse0502]

I think its better to look what does the ES instead of DAX.

[@mohammadhuzaifa77]

your name was given by "The Trade Room " so i came here to learn

[@MindsetMojoHacks]

Hi, yes I can see The Trading Room is mentioned in many of our comments. I hope you will find the content of value for you on this channel.

[@infalliblegod]

Are you on discord? Or what service fo you use for patrions to follow your trades...

[@MindsetMojoHacks]

Tom uses Telegram Groups. You can find the links to the 2 Groups on the start page of this channel.

[@damojb3940]

Hi Tom, are you going to post a vid of Price Action Symposium from London 2022? would really like to see it as i missed the trip to see you. Thank you for sharing your knowledge really appreciate it !!!!!

[@MindsetMojoHacks]

100% sure it will not be here.

[@damojb3940]

@@MindsetMojoHacks Thank you for the reply. Am I right in thinking that you are making a video from the talks in April and to be posted somewhere?

[@MindsetMojoHacks]

@@damojb3940 which one are you thinking about ..

[@damojb3940]

@@MindsetMojoHacks The one Tom attended in London April 2022

[@MindsetMojoHacks]

@@damojb3940 OK the XI 3-hour talk I think from the 25th. I have the video but the colors are so BAD that we really don't want to post it. Looking for solutions as we speak.

[@_i_AM_that_iAM]

wow wow wow

[@endicotto]

I’m not sure I understand how you think. You say what you did, but are you just using patterns to make trades? No indicators, no volume?

[@MindsetMojoHacks]

Only Price Action.

[@Lobotommy110]

Hi Tom!

[@MindsetMojoHacks]

Sorry but Tom doesn't have the time to come here and say hi to 44k people.

[@RokKovacic70]

One thing this video shows clearly, is how even slightly less skilled/experienced trader would most probably execute these trades with bad results.

[@MindsetMojoHacks]

There is a reason why 70-80% of retail traders lose money. Tom just shows how he is trading.

[@c4leon]

Winning Ugly is a great book.

[@MindsetMojoHacks]

Much better than the book "Lose with Style ;-) )

[@c4leon]

@@MindsetMojoHacks 🤣

[@dimat86]

Hi Tom. So at £200/point and 40 points stop loos, you're risking £8000/trade which is roughly 8% of your account balance. Isn't this way too much? Or I'm missing something?

[@MindsetMojoHacks]

It depends on you. If you feel you might only win 1 of 100 trades 1% might be to much. If you think you win 1 of of 50 trades 2% is in the high end. Ergo Tom don't think he will lose than many trades in a row. Tom talks a little about this in this video - be aware it is called "EXTREME day trading" for a reason - don't do this at home. kzbin.info/www/bejne/f2qlZWeQmt6tjq8

[@charlies8282]

Solid gold