A Day in the Life of a High Stake Day Trader (UK Subtitles)

[@mikolots]

This man had the balls to do live trading during a news report in front of a camera crew and journalists that would potentially be shown publicly to millions. How many KZbin gurus would be able to handle that? I think they would refuse in a risk of being exposed as mere marketers of trading. This man is built different. He is the real deal. And actually changes the lives of traders like me.

[@adityabhusandash8284]

That's right mate tom is our El chapo in underworld of trading.

[@Theadamvok]

I only "Know" this guy for 2 days, but he has given me more valuable advice/insight in his videos than I've got from so-called gurus in the past 8 years altogether. It was such a well-balanced video. Making a lot of money, then losing a lot, uncertainty, hard work, and the constant battle with the monkey mind :-). it was good to see this after a losing day haha. Thanks, Tom for showing the realities of the trader's life.

[@LennieClausen_dk]

Thank you so much adam. 🙏 Hope you find more content that can help you on this channel. 👍

[@LVXBeats058]

Lmao Boom, 5 years for me fam. KZbin recommended his videos

[@LennieClausen_dk]

@@LVXBeats058 hope you got something out of it.

[@palpali69]

yes i know him for couple of days now - i finished most of his books - hook on it :) - will be great following him

[@two4fun484]

@@palpali69 what books?

[@florianperszing3265]

Psychology is the key, everyone can learn the strategy. But Tom, I have a lot of respect for you. Thank you for this video.

[@LennieClausen_dk]

Thank you adam for taking the time to watch it. 🙏

[@coolmohan]

Such a simple dude. No head weight whatsoever. Very inspiring.

[@LennieClausen_dk]

Thank you so much. 🙏

[@ananthrao7802]

i have identified Tom as one of my mentors :) Thanks for your help Tom

[@LennieClausen_dk]

Thank you 🙏

[@absyar9455]

What language he speaks?

[@ToxxicMafia]

@@absyar9455 Dannish i guess

[@christinea.6242]

Danish

[@gabrielrosales5658]

I believe this guy is the best advice and example for novice and experienced traders. I really admire his mental strength and discipline. His book is the best trading book (not about technical analysis ) that I have ever read/listened. All my admiration to Tom Hougaard.

[@mikivainilla8620]

Your channel is pure gold. A true professional in this industry, sharing your knowledge, for free. Amazing. I hope stay in your level one day. Cheers from Argentina.

[@LennieClausen_dk]

Thank you Rama 🙏 It's always great to see when people do something good without asking for money.

[@rogerwei2006]

Thanks Tom, my only teacher in the trading world. 🙏🙏🙏

[@DriftEntry101]

This is amazing. I've known about Tom for a few years now but just watched this video today. This was awesome. He really is one of the only GOATS in trading. Really appreciate this trader sharing his expertise with the world of aspiring traders. Best of luck to all in the trading journey reading this.

[@binarytradersacademy1476]

Thank you for Sharing this Tom. 3 months without being able to make a penny, and yet you kept going. You're born for this man. A true borntrader.

[@LennieClausen_dk]

You are welcome but the 3 months before that he made what a lot of people earn in a lifetime.

[@masoudmohammadi2190]

There is NO one like you in whole social media. You are brave self confident and honest trader. Really learned a lot from you watching your live streams.

[@AGCT_Studio]

A man with courage to speak out the truth, a man with a passion, right mindset and perseverance of whatever the work he is doing has already achieved success no matter how other people judge. Keep it up Tom! What a man!

[@hiren2517]

So glad that YT threw this video in my feed. Best trading video seen in the past decade or so, more learning than all the other videos i have seen. Thanks a lot for sharing. 🙏

[@chilatelover]

Thank goodness for subtitles! Great video. It shows how real this struggle is

[@NinjaKiller999]

I appreciate Tom for uploading this video, I watch it again and again every few months

[@ssunkite1]

Tom, you deserve all the respect for your honesty, transparency and above all for being you. All the best and keep'em coming. Cheers!

[@LennieClausen_dk]

Thank you 🙏 was answering a comment and watched this one about 21 min in kzbin.info/www/bejne/h2jFq6JsbbWEkNk&lc=UgzQUQVlqS7THqyv39V4AaABAg

[@jessicaalfaro4617]

I can't stop watching your videos Tom. This is the breakthrough I need. Not another strategy, or technical analysis course/class that is costing my $100's of dollars. I need to become friends with fear and my daily routine to become the best trader I can be mentally. THANK YOU TOM! I can't wait to get your boook.

[@LennieClausen_dk]

Thank you 🙏 and great to hear the videos add value to you. Best Loser Wins can be pre-ordered now from Amazon (be mindful this is a link to Germany - you need to find it in your own region) www.amazon.de/-/en/Tom-Hougaard/dp/085719822X/ref=sr_1_1?crid=2JPX4GTC7K7SO&keywords=bester+loser+gewinnt&qid=1651325229&sprefix=best+loser+wins%2Caps%2C73&sr=8-1

[@TheAniki94]

Seeing this video 1 year late but... Awesome and genuine report on what a day trader struggles with almost everytime. Thanks for what you do for your community, I'm sure many of us are taking in consideration your wise and enlightened words. Stay safe out there Tom, pretty wild times on the markets nowadays 🙏

[@adilsalman4749]

samee

[@jonathanm9793]

@Trader Tom, I am so glad I found this. I know I'm on the right track. It's been hard and it's been lonely. Thanks man, I can't wait to see what else I can learn from you.

[@LennieClausen_dk]

Hello Jonathan, Great you found the channel. We hope you will find value in some of the other videos.

[@paradiserelaxation6081]

That's make the difference between wins and losses. it's like : "I can handle a loss of 500$ in my 20k$ account but I am not able to handle a 5k$ loss in my 200K$...." What a great video again. thx Tom you are an amazing person.

[@LennieClausen_dk]

You are spot on. 90-95% is in your mindset. 👍

[@paradiserelaxation6081]

@@LennieClausen_dk yes.

[@Mark-mr4bh]

Awesome Tom. Thank you for sharing. How you handle the day knowing it is probability game is incredible.. even after a rough patch that you mentioned, you don’t react emotionally to what could have been another “ here we go again..”. Incredible lesson to learn from this. Thank you again!

[@LennieClausen_dk]

Thank you mark 🙏 This is by far a mental game.

[@GUTI-ps6oy]

I know Tom since 2007 maybe, from the Traders' mag. I am proud he went his way and did it ! 💪 Today we can all benefit from his wealth of experience Nice guy !!! Thank you for all of this Tom 😊😊😊😊😊😊😊😊😊😊😊😊😊

[@jugalsahoo6634]

Thank you so much sir for cleaning all my doubts.... your lifestyle itself an university of knowledge..... I became your disciples .... keep your blessings on me ...

[@MG007.]

Thank you Tom for posting this video. It's educational value is priceless.

[@LennieClausen_dk]

Thank you. Great, you find it of value.

[@MG007.]

@@LennieClausen_dk If you were the one who posted the video. Thank you, I thought it was Tom

[@LennieClausen_dk]

@@MG007. I help Tom with this channel. as you very easily see we are NOT KZbinrs but traders. Tom doesn't have the time to be here and answer all the questions.

[@j.abdulaziz5645]

Thanks for sharing Tom. I am convinced that my MIND is what needs to improve in order to be a consistently profitable Trader/Investor. The Psychology is the key. I REALLY appreciate you showing the losses as well in real time.

[@LennieClausen_dk]

Same for like 85-95% of traders - you are not alone - but you faced the task which put you in front of 70-80% traders.

[@lalitsingh3389]

Thanks for sharing this Tom. It was lovely to watch a day in your life.

[@AllaTchouiko]

If you would like to become mindful and stay aware - day trade.....Tom - you are brilliant, wise, and generous - thx for your teachings, channel, and unique perspective on trading!!!

[@antonipoux8124]

The best loser wins is one of the best books in trading I have ever read and will become a classic. Thanks, Tom, for sharing the real issue with traders and reason must lose. Finding you was great.

[@LennieClausen_dk]

🙏

[@Douglas-pk4og]

So happy that I found your channel a few weeks ago. Thankful that God has given you the knowledge to do what you LOVE, and to offer your guidance and skills completely FREE to the world. You are truly blessed my friend. Thank you.

[@LennieClausen_dk]

Great you found the channel 👍

[@lynsmdluli8279]

I can say by watching this I have a feeling that my whole psychological scope has been opened and filled with confidence.

[@nokiaamu]

Thank you so much Tom for the valuable insight . I started following you since I saw your first lecture . All you speak has so much truth in it .

[@LennieClausen_dk]

Thank you, Amit 🙏

[@ourdestinynetwork]

Tom is a legend!

[@darl6000]

This guy is not an ordinary guy. He is like Einstein of trading world 🌎

[@konikacariapa3289]

Very glad to have discovered your channel this morning!

[@LennieClausen_dk]

Happy you found the channel. We hope you find useful information here. 🙏

[@Cachoeira1986]

I'm happy to see some parallels of my trading life - the position sizes have some zeros less - and Tom is definitively one of the traders that gave me my most valuable lessons. I'm so thankful for that and wish him all the best. I preordered his new book "Best Loser Wins" now, which will be available august in Germany.

[@GUTI-ps6oy]

Immerhin hast du dich hier einem der wenigen ECHTEN und glaubwürdigen Trader angeschlossen. Das zeigt dass du im Gegensatz zu der breiten Masse auf jeden Fall schlauer bist. Wünsche dir alles gute und viel Erfolg ✌️

[@Verdenssejestefrederikglantz]

Du er den sejeste! Du en kæmpe inspiration

[@LennieClausen_dk]

💖

[@blackbird6531]

currently in a situation where haven't really made money and struggling, the insights the video has provided are gems. what it really means to detach from the outcome and attach to the process can seen in the video. will be visiting this video over and over. thanks tom for sharing this wonderful insight and knowledge with us all.

[@butchangelo3880]

I can watch this over and over again and I'm still longing to watch it again and again.I learned a lot from Tom's way of trading than my years of learning.LOL.And it's less than 20 minutes!!..Every trader can relate this!..Thank you Tom for sharing your knowledge and experience and it's free!!What more could you ask for?!!..Good luck Tom and Thank you for these inspiring videos!!

[@LennieClausen_dk]

Thank you 🙏 Thanks to the Danish National Broadcast company for following Tom that day.

[@lakis4330]

What an inspiring video!!!! Tom proves in practice what most theorerical talk about correct trading mindset!!. The holy grail is under your nose....look down be humble be a successful trader. It is very hard but it is the only true way to proceed...well done!!!

[@LennieClausen_dk]

Thank you so much 🙏

[@krollic]

refreshingly real and gets down to the uncomfortable reality of what trading truly is: introspective analysis. recognizing and battling against your own worst impulses. tom, mate, you're the great Dane of trading psych :)

[@scottpage3133]

Just WOW that there ladies and gentlemen separates the average individual to the go getter and firm belief that anything is possible, and with the right mindset everything in life is achievable if you set your mind to it, bloody love this guy !!!

[@LennieClausen_dk]

100% spot on.

[@danmchardy6424]

Tom, it's mind-boggling that I've been watching your content (outside of your chanel) for the last 2 years and also living in Bournemouth for the exact same amount of time. Only now have I discovered how close-by you were when filming your content and that is truly quite spectacular for me. I hope to bump into you on the pier one day and thank you personally for your content and for being one of the few authentic trading personalities.

[@LennieClausen_dk]

Hello Dan, small world. So now you know where to watch Tom's content 😉

[@Arslanxkhan1]

what a great trader tom is, thankyou for your book sir been following you for over a month now finished your book , great depth in it. stay blessed

[@Pyromotive]

Tom, in America we call people like you a GOAT - GREATEST OF ALL TIME, thank-you for all you do and teach us.

[@LennieClausen_dk]

Smiling a little GOAT isn't that flattering in Danish.

[@n.s.ukaviboys4481]

Trader Tom is the real hero

[@okami3790]

watching it again after some time. gives me so inspiration, my alarm clock is set up for 4.50. thank you Tom for sharing with all of us. Love to You

[@LennieClausen_dk]

You are welcome 👍 Just going thou some of the streams as we speak... there are some golden nuggets in a lot of them if you ask me.

[@hariskhanhere]

Tom, you are an amazing person for teaching so many genuine trading techniques for absolutely nothing in return. I really appreciate your consideration of teaching us. Although, I realized that fear is a stronger emotion than hope, but greed can be as strong as fear, long positions in greedy markets like crypto can be very profitable.

[@LennieClausen_dk]

Good comment. However, when you have fear you normally lose money. When you have greed you might lose open profit. I do see an important difference.

[@raspail99]

APPRECIATE THE HONESTY ! ONE THING INSTEAD, TRADING IS NOT ABOUT MONEY, THEY ARE A RESULT... TRADING IS ABOUT HOW MUCH YOU CAN CATCH AS A MOVEMENT, AS POINTS, PIPS, FROM THAT PARTICULAR EXTENSION OF THE PRICE... IF YOU STOP BECAUSE OF THE MONEY, YOU STOP THE REAL THING IN TRADING AND ORIENTATE ON THE MONEY, ACTUALLY GAINING LESS IN THE END...

[@LennieClausen_dk]

Excatly 👍

[@LVXBeats058]

Love & respect from South Africa. Took a day off from work to watch these videos today

[@LennieClausen_dk]

Respect !!! 💪 🙏

[@TraderTom]

OH NO you didn't.... you took a sickie.... :)))))

[@31416Pietro]

you seem to be a good man Tom and I wish you to be very happy

[@manolin.6597]

I'm very happy I came across this channel one week into my journey into trading... :)

[@LennieClausen_dk]

Welcome to the channel and to trading. If I was you I would forget all the fancy stuff and hear eveny thing on the Psychology playlist over and over - until I can call you at 3 am and ask what was said 23 min in ;-) Have a nice weekend

[@belajar_menggambar]

since last years 1 watch your mindset video in cmc market improve my trading alot...i was losing trading 9 years and now start make consistent small profit ...if next 5 years i hope i can be big trader just like you ,, i hope some day i can shake yours hand and say thank you,,,, from indonesia....

[@LennieClausen_dk]

That is great to hear.

[@janemuritu7615]

Am feeling like I should fly to Uk to meet this Danish man for some mentorship! great love from Kenya Tom!

[@LennieClausen_dk]

Tom is definitely something else live on stage. But he doesn't mentor people 1-1. Tom rather help as many people as possible. Look forward for the 3 hours Copenhagen 2021 talk which should be posted in a few weeks,

[@WoTpro]

Really enjoy listning to Tom on millionærklubben podcast, you can agree or disagree with his views but he always seems to give the listners some interresting perspectives on the market, my favorite guy on the show.

[@LennieClausen_dk]

Thank you 🙏

[@pollepuzzle2626]

Respekt Tom. Jeg er selv daytrader og kender til det psykiske pres og den daglige kamp med sig selv. Heri ligger min vej til succes, som indtil videre ikke er kommet. Jeg har lært at tage mine tab med årene, men jeg mangler stadig at være i stand til at tjene penge konsistent

[@iwayanbagus2271]

Thank you Tom, you're my mentor! Greetings from Bali

[@LennieClausen_dk]

Thank you 🙏

[@daniel411vm]

You are truly 100% legit !!! Bravo my man !!!

[@LennieClausen_dk]

🙏

[@luqui633]

loved to see how you handle the mental game of trading, you are the real deal Mr. Tom!

[@LennieClausen_dk]

You can find more on this topic in several of the streams.

[@chrisfraser05]

Fantastic insight into a day in the life. Much respect Tom.

[@LennieClausen_dk]

Thank you Chris 🙏

[@the3ambreeze]

The sooner you discover Tom the better. Hope you guys have a profitable trading journey ahead of you!

[@LennieClausen_dk]

Thank you for your nice words 🙏

[@LorantNemeth]

Great trader great teacher. Thanks Tom

[@LennieClausen_dk]

You are welcome 🙏

[@d2.024]

Tom, I lived in Bournemouth, I was on the same beach at the same time getting destroyed mentally during corona crash. What I have learned from you is difficult to put into words. I can only say thank you. I am now profitable and am signing up with a prop company because I have low capital. Maybe one day I will bump into you, you never know. That is my special place I go in the summer. Peace to you.

[@TraderTom]

Well done amigo. You did this yourself....respect...

[@ethanmariani5152]

which prop company do you use? discovered Tom lately, he is absolutely amazing. Blew a propaccount last year, after making 3000 USD in profit(overtrading, waiting for too long in loosing positions, etc.)up on evaluation again. september is extremely difficult.

[@Wassap133]

What a great video Salute

[@javigarciayt]

Where have you been on KZbin all my life. You have helped me so much

[@LennieClausen_dk]

GREAT you found the channel. Better late than never. 🙏

[@lgx2410]

I'm currently working through Al Brooks course and love Tom's videos. I seem to get useful insights and learn something new from each video.

[@LennieClausen_dk]

That is great to hear 👍

[@andyvaldez212]

Oh crap... I hadn't heard Tom speak in his native language. I'm so used to his accented english; he does well. Mark D has a special place in my trading heart but Tom H is winning me over.. 'Best loser wins' has to be one of the best books written since trading in the zone... I have a lot of respect for Tom H

[@LennieClausen_dk]

Thank you 🙏

[@danielkhodus7218]

What a great man !

[@abdulmusawwir6769]

Tom is definitely my mentor

[@tet1patsstudent670]

best video ever, thanks Tom for sharing the real life of a trader.

[@LennieClausen_dk]

🙏

[@angus3963]

Absolutely amazing, very inspiring.

[@herimontsegay9728]

So Humble God bless you with many more!

[@LennieClausen_dk]

🙏

[@rochaat]

Tom, I already said this to you in Telegram, but I need to say again: thank you for all you share! You inspire me! 🤜🤛

[@LennieClausen_dk]

🙏

[@neo870123]

Nice video! Good to see any trader pro or amateur get us through the same feelings, thanks for sharing master!

[@LennieClausen_dk]

You are welcome - thank you for watching 🙏

[@ChrisMALUKAI]

Great philosophy lesson here. Priceless!

[@LennieClausen_dk]

Thank you Chris 🙏

[@hamedaly3404]

you are a great mentor Mr. TOM

[@LennieClausen_dk]

🙏

[@yorkebektur1245]

No fake lambos, luxury hotels and business jets as other boasters. Tom is not perfect as all other human being, but he is extraordinary person, his attitude has motivated and inspired me so much. Few famous so called trading Gurus had disappointed me and I left trading education before I found Tom.

[@LennieClausen_dk]

Lambos are not needed on this channel 😉

[@samuelasiegbu8816]

Thanks for sharing this Tom ❤ you’re my mentor

[@johnherren4070]

The Fed got me too. Massive profits and I added big looking for lower high. Most of it gone by the time I figured it out in early May. Thanks for being where I can listen to you. My weakness is not adding aggressively enough and you are the one that can help.

[@LennieClausen_dk]

You are welcome.

[@616homer]

Hi Tom, excellent work!

[@saeedshaikh12]

Love your work Tom

[@LennieClausen_dk]

Thank you 🙏

[@JUMPER-bn4ib]

I just fell in love with your words. Alpha and Omega are inside you The life of the conscious and unconscious mind

[@ethanmariani5152]

this guys knowledge is amazing, tested it.

[@abolfazlnajafi]

Such a great interview to see! Tom, thank you for showing me where I would be in the next 5~10 years by being consistent in this career!

[@LennieClausen_dk]

Thank you 🙏

[@preetammukherjee5240]

Tom is my role model. I'd like to be like him.

[@Mountain_Settler]

And yesterday I found myself in just such a situation. And I fckin remembered everything I saw here. And I kept repeating that I would be motionless like a stone. And I held, and held, and held until it was over, and I took my fckin 15% of the entire depo. And this is the greatest victory I've ever done. So you teach us the best. And some of us do it 'best' sometimes.

[@LennieClausen_dk]

GOOD JOB 👍👍👍👍 💪

[@Mountain_Settler]

@@LennieClausen_dk yeah, thanks! it is a shitstorm in the US stocks in the reporting season. catching sharks in troubled waters.

[@BSM7702]

Hes the "jason Stathem" of the trading world. The day Transporter trader

[@carstenschmidt7776]

You're the best mentor of All 👍

[@LennieClausen_dk]

Thank you. 🙏

[@DimepriceMoto]

"relax to doing what?" That is a great question

[@th3orist]

its actually what i always tell people if they tell me its so nice not doing anything and "just relax". sitting in a whirlpool and not doing anything gotta be the most boring thing ever, i tried this and got bored and annoyed after 5min lmao then i went to the swimming place's gym and did some exercise. that relaxed me indeed

[@kennyskoncept]

Very inspirational video...your simplicity is amazing... 🙏🙏🙏

[@kennyskoncept]

Thanks

[@LennieClausen_dk]

@@kennyskoncept That was not from Tom but an imposter. Thank you for your kind words.

[@Lennardvn]

det så vildt at se dig handle tom, is kold med humor til overs :)

[@TraderTom]

HA - saa skulle du se hvad de skar vaek - naar jeg bandede af skaermen...

[@Lennardvn]

@@TraderTom ha ja der er nok også en del af det..:) men fedt alligevel at se dig handle 💪

[@ercapital2022]

One of the great video of day trader lifestyle.

[@LennieClausen_dk]

And Tom didn't even flash a Lamborghini ;-)

[@danblack4326]

I love this channel and think you are or should be a genuine inspiration to many people who want to be traders. My one small issue is the length of time the subtitles stayed on screen :) I had to rewatch a good few clips.

[@LennieClausen_dk]

Thank you 🙏 Regarding subtitles. It was the first time Tom did it and we had to do it on youtube. I hope I'll make it a little better for the Copenhagen talk.

[@zollinoSVK]

Getting better harder stronger in everything within ourselves.

[@LennieClausen_dk]

🙏

[@mhk1058]

Nice honest video. What I don't understand is that a lot of this is about 'feeling' which way the market is goin to go, wishing it was going his way etc. Yet in other videos Tom talks about not even really thinking or being emotionally invested... just having a system and trading it in a disciplined manner knowing you will be wrong some times. No mention of that here.

[@TraderTom]

I think you are making a valid point. When I agreed to the interview, I had no real idea what would transpire. I was taken out of my normal routine because everything had to be planned and coordinated. It may look spontaneous, but even the skipping scene is planned. The running scene in the sand is planned too - to my detriment. I had run 10km in the sand, and it was not even 6am yet. The camera man made go back a mile and run towards them again. I was blitzed by then. Then when it came to the trading, I decided to go for a longer day play. I had a good idea the market would fall that day, but I also accepted the risk of it not going down immediately. I ended up with a huge day, but one which had a fair degree of volatility as well. I think it made for good TV although it may not have been what I wanted to portray to an audience as a mentor. Being down 500k to end up 2m is a nice result, but perhaps not the most insightful perspective of my trading. I hope that helps. Good night.

[@dawnchua9650]

inspired by your honest sharing. I inspire to be a trader like you, it's a challenge to conquer myself, my deepest fear. Thank you. Great to learn from you

[@LennieClausen_dk]

Thank you 🙏

[@makers_lab]

Thanks for sharing Tom; great documentary and what a ride! Definitely paid sticking with your conviction.

[@LennieClausen_dk]

Thank you 🙏 It is so nice when you follow your plan and it pays out.

[@ayar7437]

Wow good stuff, this is transparency at its core.

[@CemCoduroglu]

Hey Tom Greetings From Turkey ! I loved to watch you videos and you totally changed my mind. Now im following these chapters. Stay on the profit and cut the loses. Thank you so much to these unique information. And also im looking forward to see your new videos !

[@LennieClausen_dk]

Thank you 🙏

[@hamzaouhssain4409]

TOM the BEAST! I still did non finish it, but a LIKE is there! BEAST

[@LennieClausen_dk]

🙄

[@damblebee1253]

Wowww what a video, lots of gold and nuggets dropped by Tom, thank you :) Even though most of those points I already know, but somehow those words on documentary format (instead of seminar/podcast) struck me differently, maybe because his situation was as real as it can get from daily life of traders. Some key points that I got : - The emotional pressure lies in the fact that our minds want to feel good, our brain hates uncertainty. As a trader you have to fight your humanness, in order to do what is right. Normal behavior will make you beaten by the market badly. - A good trader knows this : to be a good trader it means to be good at being uncomfortable, to the point as if you feel comfortable even though your positions are under water, the profits may disappear, it may reappear, within minutes. Get used to being hopeful after fearful, being fearful after hopeful, multiple times a day, it's the only way to survive in this game. - You need to have an ability to separate your emotions from the outcome, to get what you want. I believe you need to be able to keep cool, calm, composed, and control where your thoughts lead you, you can and should train that aspect of your game.

[@damblebee1253]

- Fear is a much stronger emotion than hope, that's why market tend to fall much quicker than they rise. I prefer to make my money on the short side, because I tend to meet my profit targets much quicker on the short side than on the long side. It is fear that stops people from making money - not ability to trade the markets. - I'm able to withstand the emotional pressure and stress from trading, much better when I work out frequently. Trading is a game of MIND and BODY. Often the mind gives up before the body, our mind tend to produce imaginary limits before the actual limit of our bodies get tapped for real. So when we regularly forcing our body to go beyond the limit (that you have in your mind), then you also will train your mentality, which is the most crucial aspect on trading. - This is where 90% of traders have it wrong : they are slow to take losses but fast to take profits. You have to be pretty ruthless with the trades that do not work out, even though it may have work out 10 minutes later. Take the loss, accept it, move on, be ready for the next trade.

[@damblebee1253]

- Important mentality to have : I prefer to win, but I don't mind losing. There are days where everything you trade turns into gold, then there are days where everything falls apart in front of you. - Don't marry your bias and be stubborn about it : Tom's reading of market when Covid hit was right, he predicted the crash, then he read the situation wrong, the whole world closed down but the markets keep moving higher and higher, doesn't make sense. Ride the waves as long as it's still working, and when it's not working anymore then get off even though the market behave against logic and seems like it doesn't make sense. Don't trade against the wave because markets can move irrational longer than we can remain sane. - When the markets looks like defying gravity, dump it, take time to digest and assess the situation cool headed, because markets are never wrong. There might be hidden reasons from the other side of the story that actually justify why the market behave like that, which we didn't aware and could think of when we are still on the trade. Then decide whether it's better just to be flat, re-enter the position, or take U-turn of bias and trade against the initial direction.

[@LennieClausen_dk]

@@damblebee1253 Thank you for the comments - I really like to see when people reflect on what's being presented. Kinda what is my own take away what can I learn ...Or a big size trader also have to fight with the issues you and I fight with. So again Thank you not only for watching but more for thinking. 👍

[@damblebee1253]

​@@LennieClausen_dk My pleasure Lennie, I should be the one who thank you both :D , actually I wrote for my personal notes, but why not share it. I've only seen about 10 of Tom's live trading videos, and couple others from post recorded videos and his seminar from other channels. And I've seen many trading youtubers from forex, indices, crypto, stock, like many of them, and for me by far Tom is the most real and as close as it can get from our everyday routines. Actually for me I prefer he teaches his knowledge this way, drop some 5-10 minutes gems occasionally in between 1-2 hours live trading sessions. IMO this way it can filter the people who are really serious and patience to pick his brain on daily basis, and people who only want instant knowledge from compact 30-40 minutes full strategy/setup videos. I think this would result in small group of circle, but filled with like minded people who are really serious to pursue the trading career. Quality over quantity. But of course once in a while strategy/psychology video from his arsenal of presentations, or post trades detailed breakdown is very welcomed :)

[@LennieClausen_dk]

@@damblebee1253 if you haven't watched the very first video yet I would put it high up on the list: kzbin.info/www/bejne/mmjagnypmc6LkLM