tom hougaard quote 1

Welcome to Part 1 of a 3 part episode dropping over the next 5 weeks.

It was an absolute pleasure to get Tom Hougaard on the show. A high stake stock index trader who trades live every day in front of an audience of 15,000 – which he has now done for a number of years. Transparency like this is hard to come by in this industry, so this is one episode you want to pay attention to.

And not just because of Tom’s transparency, but for what he shares which I consider to be a “Cheat Code” for any trader who’s ever struggled to win consistently.

Plus, if you’re hungry for more (or can’t wait for part 2 and 3) I can recommend you go check out Tom’s new book (which I’ve now read twice), Best Loser Wins. Or if you want to see him trade live or find out more, all his links are over here at TraderTom.com.


Podcast Interview




GOLD SPONSOR

Attn. Day Traders:
Get Up To 100% Profit Share Funding

City Traders Imperium's new funding program for Day Traders offers you up to 100% profit share. You also have more risk to play with and can pass their challenge faster.

Up to 100% Profit Share - Learn More






Key Lessons

[09:19] There will be an amazing opportunity, or two, or three, every single day.

[16:34] When you are trading and you start off with a losing trade, your mind will have a tendency to fight the pain that has been associated with these losses.

[17:19] We don’t play to breakeven. We don’t even play to win or lose. We play to trade the process as opposed to the outcome.

[23:26] Most people are fearful when they should be hopeful. Most people are hopeful when they should be fearful.


tom hougaard quote 2

[32:44] One thing that we retail traders don’t have that bank traders have is that they’ll have a compliance officer that will overlook their positions and look over their shoulders all the time.

[31:14] Once you have that visual cue, you can actually remember trades that took place months and months ago.

[35:28] It doesn’t matter if the trend is up or down, bear market or bull market. There’s a 50/50 chance that the market will close up or down today and it doesn’t matter.




Learn How To Build A Trading Algo…
That Could Pass A Funding Challenge

Watch weekly livestreams where you'll learn how I build an Algo (from start to finish), with the aim of passing a funding challenge.

Learn More





tom hougaard quote 3

[40:26] You are not a losing trader because you don’t know enough about technical analysis. You’re a losing trader because you don’t understand the mind when you’re under pressure.

[41:34] Being a reviewer of your own life is a hard work.

[52:50] There are hundreds of thousands of day traders that have gone into the trade session and they have spent zero time on preparing their mind.




Learn How To Build A Trading Algo…
That Could Pass A Funding Challenge

Watch weekly livestreams where you'll learn how I build an Algo (from start to finish), with the aim of passing a funding challenge.

Learn More




More Expert Traders

FREE Premium Interview
(Normally $9.99, Today $0)


JUST ANSWER THIS QUESTION


Great! You're In. Check your email for your Login Details and Link.