Trading Psychology Event | Learn to Think Like the 1% | Part 4

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In part 4 of Tom Hougaard’s Trading Psychology presentation, he discusses what we can do to differentiate ourselves from the “normal” when trading on the stock market.
He dives into our cognitive processes, with both the conscious and subconscious reasons we have for our actions when stock trading. Hougaard talks about writing his debut novel; why he chose to write it and the process behind it.
Hougaard critiques the attitude of taking a ‘half-profit’, then concludes this part by giving a 6-step mental foundation for profitable trading.
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► Check out the other parts of his presentation:
Part 1: • Trading Psychology | W...
Part 2: • Trading Psychology Eve...
Part 3: • Trading Psychology Eve...
Part 5: • Trading Psychology Eve...
Part 6: • Trading Psychology Eve...
Part 7: • Trading Psychology Eve...
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#trading #stocks #stockmarket #tradingstrategy #tradingmistakes
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[@saroshgilani]

"People are fearful when they should be hopeful. People are hopeful when they should be fearful". It was like a slap of truth.!

[@Elliot_97]

Wow. The 'everything hurts' notion makes so much sense. You can't predict the market directly, but the market reflects human behaviour and humans want to avoid pain. So making money requires you to do the opposite and embrace pain.

[@TideV2]

This is gold. Cut your losses quick and let your winners run.

[@jorgetamayo4833]

Sure that part is good, but pressing your winning positions more and more is a recipe for blowing up your account.

[@extraordinarydave]

How likely would it be for your wins to go back to where your stop losses are. Or is he suggesting trailing stops?

[@TideV2]

@@extraordinarydave you gotta watch the chart and as long as the trend holds you stay in

[@extraordinarydave]

@@TideV2 thank you! This is good advice . unfortunately I can only set trades and I need to go back to work and with family so monitoring the charts is impossible for me.

[@wcc4269]

@@extraordinarydave Yea, being a trader is a different animal then a investor. Takes a lot of dedication.

[@milanbanicevic6601]

For all you beginner traders out there, this is the only ''strategy'' you need to master. Nothing else. Master your emotions and you will win in this game, big time. Thanks Tom and CMC team.

[@OptoThemes]

Thanks for watching!

[@blavatovsky9553]

What is his name ?

[@mp38111]

Milan, any suggestions on mentorship programs?

[@milanbanicevic6601]

@@mp38111 KZbin by far is the best resource for knowledge, it will take some time for you to succeed but it's worth it. My advice is to master one strategy and stick to it for as long as possible.

[@christopherpaul5]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

[@MarkGrimm8]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

[@LukeMcfarlane5]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@ritalorrigan]

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person

[@LukeMcfarlane5]

My advisor is Dawn Maureen Humphrey she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@ritalorrigan]

I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.

[@aegisblack5924]

Absolute GOLD. I rank this right up there with the teachings of brother Mark Douglas (RIP). 👍👍👍👍👍

[@OptoThemes]

Thanks for watching!

[@ZenTradeGame]

Yup, I agree!

[@PauloSousa-wf6mg]

Yes, absolutely!

[@expensive4u]

So good

[@starwarsjunkie7777]

Yes, he is absolutely up there with Mark Douglas.

[@b105n8]

Once you actually start trading live and start to have profitable weeks/months. These kind of videos will really start to make sense. So if you don't think it's helping you now, just come back when you're knocking on the door of consistently profitable

[@pritam9645]

I want to learn how to do technical analysis, know the psychology of market, can anyone help?

[@ArchimedeanEye]

So true

[@tradeian-3103]

great comment

[@TraderTez]

@@pritam9645 if you still need help, I can

[@pritam9645]

@@TraderTez how? Please tell

[@Mellow4202]

Him saying "youre not fearful of losing, your hopeful it will turn around" referring to a losing position. Him saying that is so true for most people.

[@Derik-fk2bu]

I’ve been watching SAM DEYMON channel for the past couple of weeks. I’ve learned so much and just want to say THANK SAM. You inspired me to start dropshipping and pursue my goals in business. Best of luck to you and your future 💯

[@zuzapaul9732]

value your perspective and content!!depending on this current administration is a total failure I really have a question For someone with less than $15,000 to invest, how

[@Derik-fk2bu]

He's GOOGLE account AND TE LEG RAM...

[@Derik-fk2bu]

@samdeymon53 💯💯....that's it = 4 advise

[@wiktoriabartek999]

Thankful for the content so i can reach out to him

[@weronikaszymon6283]

Amazing seeing others Trading with Mr Sam, I sta'rted my inve'stment wit $15,00'0, we grown to $55,0'00. This is absolute genius. Thank you for providing such sincere and informative guidance. I like that you said to set a goal and plan this year by reading a book or an annual report, for example! Sam Deymon seems very proficient, I'll be writing to him shortly.

[@Raymondjohn2]

This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.

[@martingiavarini]

These uncertainties will always be there. Thing is, every once in a while, the market does something so stupid it takes your breath away. If youre not ready for it, you shouldnt be in the market business. or get you a skilled practitioner.

[@lipglosskitten2610]

Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors' and hear-says, it got the best of me in the year 2020 and had me holding worthless positions in the market. I had to revamp my entire portfolio through the aid of Heather my financial advisr, before I started seeing any significant results happens in my portfolio. Been using the same advisor since then and I’ve scaled up almost a million within 2 years. Whether a bullish or down market, both makes for good profit, it all depends on where you’re looking…

[@hermanramos7092]

@@lipglosskitten2610 Not bad at all. I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market. Could this coach that guides you help?

[@lipglosskitten2610]

@@hermanramos7092 Finding financial advisors like Catherine Morrison Evans who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@hermanramos7092]

@@lipglosskitten2610 Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@laimisslt]

"Were Edwards and Magee traders? No, they were not traders, they were journalists" that was so good!

[@marcelostewartjeremy5077]

Bambi Alex on Facebook

[@mreman007]

This talk is priceless. I wonder why more people haven't heard of this guy?

[@bakkudeku]

My guess is that simply it isn't in the best interests of the powers that be.

[@ddljddlj704]

Coz he hasnt shown his pnl and trading history

[@truefreedom8269]

Dude. This video has almost 100k videos. Most probably 90% of views are by normal people. That would mean there is a 1/10 chance you are not normal. I wouldn't enter a position with 90% chance of losing 😂😂😂

[@b105n8]

Good, let's keep him a secret. I want to make my millions first before the cat is out of the bag

[@Nicholas_1988]

Because they are too busy looking to pick bottoms to long & highs to short...

[@davemunisamy418]

Watch this again and again and again. More and more will resonate with you and it will change you, the only weak link in your trading. It worked for me and I’m grateful for the freedom this has led to. Retired from my job and live off a 3k portfolio that generates about 1k a month, sometimes even more.

[@YannParodi]

Inspiring Dave !

[@75PERCENTCOPPER]

I was gonna ask how that's possible to live off of but I forgot I live in california with 2 kids...

[@75PERCENTCOPPER]

You should get a side job and reinvest those earnings, in 12 months with compounding interest of 30% a month your le looking at around 42,000 at the end of the year. A 30% increase on that is over 12,000.

[@dailytaylor]

This info is fire to the average day trader. Thank you!

[@janellekiara7220]

His words are exactly what I needed to hear right now. You can’t expect different results if you keep trying the same thing. Simple but true.

[@OptoThemes]

Thanks for watching!

[@greentrader6905]

This guy's presentation skill is incredible

[@Mr69elco]

People make tons of thinking errors in their everyday lives and they carry that garbage into trading and never realize it. Thinking correctly is my number one goal in life as well as in trading.

[@AllaTchouiko]

Omg. This guy has balls and sharing them with public without being shy....

[@forcetan5573]

Because he is a well trained trader, fearless

[@JessicaKendal]

One of the BEST videos you’ve ever put out Shay. Yesterday I wanted to quit after 9 month of live trading and cried my eyes out. THIS VIDEO reminded me I’m not alone and I must persevere. Thank you.

[@lifasibanyoni8622]

Wow hope you make it though. I'm going through the most right now, making so many losses it's painful. How's it going for you right now.

[@trdfrguson007]

I was introduced to Charlie Difrancesca when I was a medical student in Chicago in the 1980’s. I’ve read the book about him, which you referenced. This is the first time I have heard him spoken of in over 30 years.

[@OptoThemes]

Thanks for watching!

[@pritam9645]

I want to learn how to do technical analysis, know the psychology of market, can anyone help?

[@wpo03]

If all content on YT would be so valueble❤️

[@OptoThemes]

Thanks for watching!

[@stewartprice5924]

Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.

[@barbarabetty3733]

Oh! So you too have been investing with Mrs Naomi, I found out about her on KZbin and ever since then I've been making consistent returns with her

[@judithmargaret8357]

I've been trading with her signals for the past three months after buying different courses and still ending up blowing accounts, I'm now profitable and I'll be investing with her soon

[@stewartprice5924]

@Miller lopez Please how can I reach her?

[@stewartprice5924]

@Miller lopez bless up. I'll send her a text ASAP

[@jonesherewith7272]

Her success story is everywhere. I keep on hearing expert Mrs Naomi. name being mentioned here and Twitter. Does she really worth the credits and reviews?

[@rudymora4850]

Not only is the information this guy is handing out Gold but his delivery is excellent! wow.

[@Jonathan-rm6kt]

Beginning my trading education and glad I watched this before wasting too much learning candlesticks. Thanks!

[@justtryingtomakeachange2246]

Hey while you shouldn’t rely entirely on technical analysis it can still be useful: you shouldn’t go into a trade blind

[@AlpharielAbigail]

What he said was pure Gold, hands Down ! I'm amaze of how truly his oponion was. Has the book he showed published yet ? I'd love to order

[@samibouzayen4669]

godlike mindset training, much love from canada

[@razdotcom3670]

man this is JUST what I needed. Amazing content, amazing speech, I NEEDED this so much today, wow!

[@vijityadav13]

I love the energy of this man.

[@aarnavfarhan8737]

I need some assistance because I've been investing poorly and wish I could make weekly income.

[@rachellovescats8481]

Negative habits like procrastination, distractions, and doubts may all be broken in order to help you reach your life objectives and save money for investments. In order to help you change these poor habits and make prudent financial decisions, you can also engage with a professional.

[@aarnavfarhan8737]

@@rachellovescats8481 I don't have any instructions, so how do I start making amazing investments that will pay off?

[@jamalraymond1074]

@@aarnavfarhan8737 Fomoing and jumping into cryptocurrency without direction are two common problems that inexperienced traders run into, and it never ends.

[@CatalinaTaylor-gt5jx]

@@jamalraymond1074 Yes, I agree with you; nevertheless, it's difficult to find a competent trader these days. You definitely need an experienced mentor to help you.

[@julioSmith-xg6hp]

@@CatalinaTaylor-gt5jx Well, Karim Elias Karim and I have been working together, and his platform has developed into a fantastic backup to my assets, so even if the whales decide to play with our emotions, I'd still be safe:)

[@dade_23]

This is gold, honestly

[@OptoThemes]

Thanks for watching!

[@zolbayar]

Wow, what an incredible talk!

[@styl3zkp]

This is the best trader mentality seminar ever. Wow.

[@TheNotoriousFonzy]

I am so thankful for this presentation. Tom, you are the man! Everything you're talking about regarding a good trading mindset hits right on the spot with this series of videos. Thank you so much!

[@otgovor]

The best lecture I've heard so far about trading. Respect!

[@OptoThemes]

Thanks for watching!

[@pritam9645]

I want to learn how to do technical analysis, know the psychology of market, can anyone help?

[@gantulgatuvdendorj]

this is absolute 💎 gem thank you 🙏

[@OptoThemes]

Thanks for watching!

[@aGr3atD4y]

Im a dane and i have been trying for a bit, and i cant believe i havent heard of Tom. He's such a legend!

[@SLCryptoAcademy]

This guy is absolutely genius.. I began to think wisely after I had a great session with his video 🤩

[@pritam9645]

I want to learn how to do technical analysis, know the psychology of market, can anyone help?

[@tomlademann2521]

@@pritam9645 if prices are low relative to normal stock range and there aren't really bad news? buy.

[@pablors6718]

What a Master class this is... Brutal

[@teos1284]

Watching this speech is one of the best decision I've ever made. Instead of buying forex trading courses, this video is absolutely all you need when you are trading. Thanks for the golden truth!

[@mohitjain8119]

Great channel....great videos.... really impressed and I am also inspired

[@OptoThemes]

Thanks for watching!

[@moneymakingmuro3932]

Tom is a boss in his field. Definitely advice everyone who is serious about trading to sign in in to his telegram channel.

[@KhaledKimboo4]

Take comfortable stop loss target and an uncomfortable take profit target. That's my golden rule

[@uniqueurl]

Classy sarcastic learning. Good on you sir. Subscribed for more

[@OptoThemes]

Thanks for watching!

[@theseoprincess]

Damn, this is so me. It's amazing how he managed to "name" and tear down what actually happens inside my head when I'm trading.

[@hamzaouhssain4409]

This content is incredible! thanks a lot

[@OptoThemes]

Thanks for watching!

[@pritam9645]

I want to learn how to do technical analysis, know the psychology of market, can anyone help?

[@DJEvieE]

your videos are amazing! thank you so much for these

[@alejandrocorreabotero9708]

This video is definitely a masterpiece

[@nakilaazzahra]

Thank you, very useful for me, who is studying in the NFC community

[@shanazmohammed5531]

Listening to this video certainly helps me. I wish I can click 'like' so many times.

[@OptoThemes]

Thanks for watching!

[@didesa1971]

Thank you Tom was very interesting and educational

[@conanvorloc5777]

This is brilliant!!!!

[@OptoThemes]

Thanks for watching!

[@masinaboi34]

🔥🐐just learnt allot from this channel and just subscribed ❤

[@harnishp]

This is GOLD.

[@marvecho9356]

best lecture of trading in history

[@BornShining]

i like the driving metaphor. thank you.

[@ChrisFXOriginal]

I am addicted to your videos. The most precious advice I have ever been given in my entire life! And the most precious facts as well. Thank you Sir, you are a game changer

[@OptoThemes]

Thanks for watching!

[@pritam9645]

I want to learn how to do technical analysis, know the psychology of market, can anyone help?

[@kimgysen10]

Depends I guess. Adding seems to make sense if you trade trending stocks. For penny traders, that won't fly. I enjoyed listening to the talk.

[@user-sr6iz3ly4v]

thanks for the video and psychology is important to me. I am a new trader who is still learning in the NFC community.

[@arthurdevrome8925]

Magnificent information indeed.

[@OptoThemes]

Thanks for watching!

[@pritam9645]

I want to learn how to do technical analysis, know the psychology of market, can anyone help?

[@mrmatias2618]

I felt like I was in a church and that this gentleman was the prophet talking about all my sins. Please pastor preach.

[@YashGarg]

this gentleman is spitting gold right there.

[@OptoThemes]

Thanks for watching!

[@readyartsncrafts9898]

I appreciate all of the valuable information and will put it to good use. Thank you for your time!

[@OptoThemes]

Thanks for watching!

[@real_forex885]

Damn... Man I need to read your book

[@asinthsanjojm]

The most honest person I ever met on the internet, I assume.

[@user-zl4uh3sl1t]

my way of thinking changed as a trader after watching all this

[@reggiefollett6915]

Absolutely 100% correct....its not easy

[@rickcobb2035]

Simply the Best

[@Jeremy.Muller]

More than Gold! Gracias!

[@HOEA-WAKA]

“I wish I looked like what I did 15years ago” ... Literally does, LITERALLY!

[@vlj9013]

I'm so happy I'm watching it before I commit to trading

[@OptoThemes]

Thanks for watching!

[@paragmehta1870]

Great talk , How do I get the copy of the presentation , those 157 slides?

[@david3hdse33]

good presentation,hope can meet this guy

[@floydsmithjr7999]

This is great stuff, Ive been thinking lately maybe I should just do the opposite of what Im doing out of spite. Its mental dysfunction, Im guilty of everything he’s pointing out, fascinating.

[@OptoThemes]

Thanks for watching!

[@tonynguyen36]

The best of the greatest

[@Thenarayanaclips]

This video is like divine for me. This man seriously wants to help others. Thanks a lot for sharing.

[@progressbucks8709]

السيدة كلاريسا شرعية وطريقتها تعمل مثل السحر ، أستمر في الفوز كل أسبوع باستراتيجيتها الجديدة.

[@pencilcheck]

What I learned, to win in trading, just get insider information, get an edge you win

[@mutisosarri8498]

Insightful presentation. where can I get this presentation?

[@jugalsahoo6634]

Mind-blowing

[@TheWinghochui]

Thanks for your sharing!

[@casanova1012]

is this book out yet he talks about writing?

[@powertoconquerdaily1725]

Tnks man now i see why i am always switching strategies

[@jadvaniexim6102]

amazing million dollar knowledge

[@Zelulose1]

I love this guy because he emphasizes one really important thing. No one knows shit about the market. Flip a coin and learn how to win the coin toss by becoming less emotional about choices. That would be his TLDR My only gripe is he suggested people to buy high short low... which is basically the more extreme of buy high sell low... This may or may not be his intent but it appears this way.

[@patricksilva576]

Do you have the slides ?

[@Daangoaway]

Very nice. Thanks a lot for this content. :)

[@OptoThemes]

Thanks for watching!

[@fubar6666]

Absloute highstakes stuff!!! want to see more oh him.. greetings from germany

[@OptoThemes]

Thanks for watching!

[@darsemana512]

I loved the car example!

[@75PERCENTCOPPER]

People are *hopeful* when they are *fearful* and they are *fearful* when they are *hopeful* That will stick with me forever.

[@tassiblezilundu7602]

good i love this just made a good profit while watching this amazing video

[@gabiangregoric2893]

Would you advise me to sell my house, get further in debt or just use max lavarage to add on my winning positions? Thank you for your sensible advice

[@anandateertha7865]

Finally someone spoke truth.. !!

[@johnnymomascaro]

Is it possible to obtain Toms presentation?

[@TheJoanml]

“Ouch”! His outburst of emotion @18:05 made me time traveled back to WW2 😝🖖🤓🌹🌈🌎🙏😘

[@vuufke4327]

thank god for the internet man!!

[@define7433]

He's actually spitting straight facts, I have caught myself trading like this and yes, I actually lose out on profits or lose more money. Although I'm profitable overall, I'd be very much more profitable trading like he does.

[@jeffersonpaul8871]

Seeking for her contact details 👇👇👇👇

[@jeffersonpaul8871]

You can reach her via WhatsApp and email 👆👆👆

[@jeffersonpaul8871]

Bambi Alex

[@mzhou2020]

Hi Tom, how does one get a copy of this presentation? 🙏 Thanks

[@darthtrader4762]

This part is why I have maxims. 1) I don't look at price it's a tertiary byproduct. 2) sellers want to sell and buyers hesitate so if it's a tie the prices will still fall.

[@vivekvaghela2274]

From where can I buy his book, I am not able to find his book on amazon

[@sertaliozer1]

This is just the way things are! 90% of the people who trade just don't have the capacity, patience and understanding when it comes to making money from the market. If you wan't to be successful, concentrate on being the 10%!