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Back to topBest Loser Wins: Why Normal Thinking Never Wins the Trading Game – written by a high-stake day trader (Paperback)
Description
Best Loser Wins is an intimate insight into one of the most prolific high-stake retail traders in the world. Author, Tom Hougaard, is the winner of multiple trading competitions and on one occasion traded the equivalent of $30,000 into more than $1.3 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 both professional and retail traders who want to elevate their results to levels they never dreamed they could reach.
About the Author
Tom Hougaard studied economics and finance at two universities in the United Kingdom, and then went on to work for JPMorgan Chase, before spending the next ten years in the City of London as a Chief Market Strategist for a CFD broker. He has given thousands of TV and radio interviews on the state of the market, as well as educating tens of thousands of clients on trading strategies. Since 2009 he has traded for himself.
Tom has self-published several works on trading psychology, price action and product knowledge.
You can follow Tom’s trading via Telegram and YouTube. You can view his trading results on www.tradertom.com
Praise For…
Best Loser Wins won’t provide you with a method for beating the markets –nor does it purport to. What it will do is teach you truths about trading and an understanding of the difference between winners and losers – and if you don’t understand why that is more important, then you really need to read this book.
--Jack Schwager, Author, Market Wizards series