
Best Loser Wins
Why Normal Thinking Never Wins the Trading Game
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Acheter pour 17,91 €
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Lu par :
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Richard Faymonville
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De :
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Tom Hougaard
À propos de cette écoute
Best Loser Wins is an intimate insight into one of the most prolific high-stake retail traders in the world. Tom Hougaard is the winner of multiple trading competitions and on one occasion traded £25,000 into more than £1 million over the course of a year.
While the average retail trader risks £10 per point in the underlying asset, Tom Hougaard frequently risks up to £3,500 per point. This risk exposure requires a mindset that is out of the ordinary. Normal thinking leads to normal results. For exceptional results, traders must think differently.
This book will guide and inspire you in ways no other trading book has. It is not about strategies and money management. It is about mind management. Tom Hougaard provides a unique and refreshingly personal account of how an ordinary trader elevated his game to incredible heights by focusing as much on his mental approach as on his technical analysis.
Best Loser Wins explains how you, by thinking differently when you are trading, can elevate your game from mediocre and sporadic, to excellent and consistent. No amount of technical analysis will ever do that for you.
Tom Hougaard says, “People don’t fail because they don’t know enough about technical analysis. They fail because they don’t understand what the markets are doing to their minds.” Best Loser Wins is an antidote to conventional and flawed thinking in trading, and a blueprint for a new belief system for traders who want to elevate their results to levels they never dreamed they could reach.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2022 Harriman House (P)2022 Harriman House
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Must read to get to the next level
Damn
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A must
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Eye-opening
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Ce livre a contribué à changer ma vie ❤️
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Great winning trading psychology book
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However, I think his advice should be used as a guide to looking at trading from a different perspective rather than a sure way to becoming a profitable trader.
Firstly, Tom trades on the 5 - 10 minute time frame with 200/1 leverage. It would be more difficult to follow a lot of his advice if your strategy was very different.
I also think that one would have to be on a similar level as Tom emotionally to be able to trade the way he does. For example, he points out that he feels more pain when the market continues to rally after closing a trade, than if that same winning trade comes back down to break even. He therefore encourages traders to trade without a target and a take profit.
I certainly do not feel pain the same way, I'd much rather take the money and continue to look for other entries rather than see the time and energy I put on that trade to come down to nothing.
In all, it's a great book that I would recommend, but don't let it change your strategy, only let it help you with your mindset. Unless you have the same personality as Tom, then you'll be a millionaire very soon!
One of the best books on trading psychology, but..
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