The third in our series with high stake day trader Tom Hougaard (you’ll find part 1 here and part 2 here), we dive into trading with larger size. You’ll hear Tom’s unique view on risk to reward, position sizing and how this allows him to grow relatively small accounts of $100,000, quickly to 7 figures over just a few months.
If you’re looking for a contrarian view to what you’ve heard on the channel to date around risk management, then this is the episode for you!
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Website – TraderTom.com
[09:43] What people need to do is to control their fear mind.
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[09:52] If you introduce changes slowly, gradually, and imperceptibly, the mind will not reject it from fear.
[10:10] Building up size is synonymous with also being a better trader.