Trade Mentor - Part 11 - Trading Fears

Professional day trader Tom Hougaard - Part 11 - Trading Fears - Trader Tom introduces the TradeMentor education program, designed to teach you Forex and CFD trading through practical examples and real-life trading situations.
"Welcome to the TradeMentor education program". My name is Tom Hougaard, I'm a professional trader and I am here to educate you in the ways of Trading. "Trading Fears"
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[@ahamedmusharaft738]

One of the best ever video on the youtube about Trading Physiology. I learned lot from you Videos sir. You're my mentor 🙏🏻

[@mikepackham5260]

You are a Legend Tom, thanks for all the valuable content you put out, 3 years into my trading journey and finally starting to see some light at the end of the tunnel. Pushing my winners is my next challenge. Regards Mike UK.

[@tungnguyen66]

just about to size up and I found this gem , invaluable advices.

[@MindsetMojoHacks]

Thank you 🙏

[@TheWinghochui]

Thanks for your sharing!

[@mohanamurali8]

You are the best Guru of mine sir I'm from India I respect you a lot

[@MindsetMojoHacks]

Thank you 🙏

[@OusmanKerimBahr]

Thank you Tom, how does this video has only 16k of views for 2 years ??

[@traderwun]

3% away from being funded and fear of being wrong is kicking in. Glad i found this video. Pray for me.

[@MindsetMojoHacks]

Good luck. We had one community member qualifying in 9 days only trading the SRS.

[@santanumitra8950]

Excellent perspective… hv attended many trading sessions in india and seen videos but not seen a video on trading as good as this..

[@neerajsahu8740]

Hey tom this is a one of the best video I saw ever❤

[@julianangel6239]

simply magnificent!👏

[@MindsetMojoHacks]

Thank you - if you are a new trader or you are not a profitable trader - I strongly recomment this video as well: kzbin.info/www/bejne/mmjagnypmc6LkLM

[@JV-hg8yi]

nice videos. watch all of them..learn a lot 👍

[@MindsetMojoHacks]

🙏

[@drumsjh151]

Love this!!

[@MindsetMojoHacks]

🙏

[@Prophet8]

I always look for something new to learn - i found this channel so amazing.. the way of teaching trading psychology is absolutely amazing.... looking forward to see more educational videos from you.

[@MindsetMojoHacks]

Thank you 🙏

[@hafzaabdi493]

@@MindsetMojoHacks how are you this is tom account why you keep replying to everyone

[@macoyneh1031]

Love from Philippines. thanks a lot sir Tom

[@MindsetMojoHacks]

You are welcome. 🙏

[@bala1574]

Love and respect from India.

[@MindsetMojoHacks]

Respect to you - that you educate yourself. 🙏

[@geoff7727]

this channel is a bless man

[@MindsetMojoHacks]

Thank you 🙏

[@tonnielaney7312]

Best video on KZbin

[@MindsetMojoHacks]

Thank you Tonnie 🙏

[@romeljohnzon]

You are the best mentor

[@MindsetMojoHacks]

👍

[@danielsharples7649]

Your a genius

[@kasparskripsevics1666]

I was analyzing myself and understood that I want to be right all the time. I just look at the 70+% positive trades not the 30% drawdown. I celebrate my small wins and look at the huge losses as a bump in the road and just try to improve my system. You are the only one who says direct that we suck, but more importantly you also say why. Thank you Tom.

[@MindsetMojoHacks]

If you admit you are wrong you are kinda right 😉 I'm not sure if you don't use stop loss or if you edit it to give more room. Personally, my first stop loss which I see before I take the trade used to be the right one. It's rare I do anything good to my trades when I edit the stop loss.... besides when I feel I'm in so much profit that I do not accept a loss.

[@kasparskripsevics1666]

@@MindsetMojoHacks Thanks! Stop Loss is a must! And I don’t want to go in details about the system but sizing is the problem and i spent now quite a while to get it right. But my idea of the comment was that we (the 90%) do the same mistakes. Usually our mental health, ego, fear, bad MM, huge expectations and willingness to have instant results are at fault. And Tom pointed it out. Ok, there are betrer videos around 2h long, he explains it in more detail. Thank god (or whatever force) I found him on KZbin.... just last week. And he is saying what I subconsciously knew for a long time.

[@MindsetMojoHacks]

@@kasparskripsevics1666 It is so much more "sexy" to spend time on charts than on traders mindset/trading psychology. Sizing should be pretty easy thou.

[@kasparskripsevics1666]

@@MindsetMojoHacks Everyone sees the charts differently. Someone sees triangle in 15min someone wedge on 4h (and they’re contradictory) Sizing: I have a trend following strategy and flats are my enemies I hedge myself and there are (where) the sizing problems. Mindset: I had problems excepting stops, so mostly I cut my winnings short and hoped for loosers to turn around (you know the usual problems). Anyway, it seems that you have no emotional setbacks, regarding trading and sizing issues. Hope to get to you level one day.

[@MindsetMojoHacks]

@@kasparskripsevics1666 first part find your weak spots and work on them. I have no problem regarding size I do 1-3% risk depending on momentum where we are on the charts how many factors in my favor. I do have major problems during the trade - you know that inner voice take profit cut loss ... I hate that inner voice and I do know it's wrong more often than right - the sl and tp I have in mind before I take the trades use to be better .... why before I put money on the trade I'm more rational... when I have a trade on fear and greed have this nonstop battle.

[@nickrossetto7804]

Quality presentation

[@MindsetMojoHacks]

Thank you. 🙏

[@carrcossa]

Man, Tom is nice to make those videos and dress nicely for them. Legend

[@MindsetMojoHacks]

Thank you 🙏. When I meet Tom first time he always had Three Pieces of Clothing on. And of course, the 1500 hundred times he has been on CNN, CNBC, and Bloomberg. But now he kinda thinks it is what he teaches and not how he dresses that helps people.

[@makarlsson123]

Thank you so much for this Tom. I'm a newbie and been trading FX for 6 month now following my trading plan, real money and working as hard as I can with the emotions. Very nice listening to you because every word is 100% true. I promise that I've been fighting with all these fears. I may not be consistently profitable yet but I WILL get there. Right now taking a break to tweak the plan a bit and analyse the 80 trades taken so far. Anyhow, thanks again for the valuable content! Keep up the brilliant job you do for us!

[@MindsetMojoHacks]

Thank you. 🙏

[@smeshnoymatvey2054]

Underrated

[@MindsetMojoHacks]

🙏

[@supermarin369]

Thank you

[@MindsetMojoHacks]

You are welcome, Martin 👍 Some of the streams are on this topic Note 2 different people made timestamps for this one. One more overall one more in detail. kzbin.info/www/bejne/fnTWoGOXiaermKs

[@JamesBond-wf4ff]

my man.

[@MindsetMojoHacks]

🙏

[@jayfosho8833]

avoiding the pain is the flight aspect of fight or flight.

[@MindsetMojoHacks]

For most fighting, the pain is the hardest task 🙏

[@SplashPost]

Good Content! I guess the trading method Tom refers to is the one in the next chapter, Part 12 ? If so, regarding the actual method to execute 30 trades using this method, i understood the method is based on MA, using Oscillator at 14-3-3 and Reverse Divergence trading. Is that the correct understanding and is there other videos with Tom regarding this you can recommend, to be sure to understand the method 100% ? Or should i just google Tom and the above mentioned :-) Thanks a lot in advance and for the great content!

[@MindsetMojoHacks]

It is an old series. But Yes what Tom refers to is in part 12. But it is not the way Tom trade today.

[@niro56]

🙏

[@MindsetMojoHacks]

🙏

[@kishensoni6423]

I'd love to see people in the comments posting their start to end result of 100 trades following what you say. An in-depth look where they went wrong (if they did) by human error would be interesting

[@MindsetMojoHacks]

You should have in mind this series was recorded 10 years ago - we posted it on request.

[@kishensoni6423]

@@MindsetMojoHacks Of course. Comment still valid. Didn't check the date of this one :)

[@MindsetMojoHacks]

@@kishensoni6423 I think you should take away the psychology from this series. That will in my mind still be worth your time going thru the series.

[@kishensoni6423]

@@MindsetMojoHacks True, I've watched most videos. Luckily this channel doesn't have any bs, compared the sea of rubbish out there

[@MindsetMojoHacks]

@@kishensoni6423 thank you. If you can live with subtitles part 3 of the copenhagen talk Tom share the single pattern which made him multi million

[@mbakaugochukwu5669]

I've been in the game for 3 years now. Whenever i enter a trade, i am restless and filled with fear. I cant manage my emotions so i watch the up and down ticks always which affects my psychology. Most times i exit prematurely and even re enter

[@Jesus_saves_bro.]

❤❤

[@jayfosho8833]

fight or flight is too real

[@MindsetMojoHacks]

🙏

[@santiagosanchez5577]

Similar as what Mark Douglas said, isn't it?

[@MindsetMojoHacks]

Tom and late Mark Douglass were good friends. They have the same views in many ways.

[@GissaCraftGG]

Hey Tom do you give 1on1 training?

[@MindsetMojoHacks]

Tom did 1 - 1 mentoring years ago. But these days he prefers spending the "extra" time to help as many people as possible.

[@wernerherrmann]

my fear is increasing, because i get stopped out even if i am right. Stop with a wick mostly, then the trade will go in the right way. 90% of my losses.

[@MindsetMojoHacks]

It is so annoying. Are you sure 100% of your stops are correct when it happens so often?

[@wernerherrmann]

@@MindsetMojoHacks I'm not 100% sure they are correct, but how this PA is moving you can't have it much more. I try to get MS areas to use as SL.

[@MindsetMojoHacks]

@@wernerherrmann Well, I could say this Monday morning I took 3 FX swing trades none of them was stopped out or was close to being stopped out.

[@phillipgray7371]

Talk about trading not your indoctrinated millions of years belief We were created with the brain we have.