Best Loser Wins: Why Normal Thinking Never Wins the Trading Game - Written by a High-Stake Day Trader
Product ID: 458588622
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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. Review: One of the best book of mental training for trading - Pros:- 1. Gives you best understanding of how to train your mind to become good trader. 2. Explained importance of technical analysis with simultaneous focus on mental training. Cons:- 1. Flow of thoughts are not consistent but still delivers the message. 2. Repetition of few concepts. Upon completing this book, the author garnered my profound respect. Review: JUST BUY IT ! - I have been following Tom Hougaard for a long time, and I was excited when he announced the launch of this book. There is an 8-part YouTube video series of Tom where he speaks at a broker's conference about developing a trading mindset. This book is 70% a transcript of that video series with almost the same examples with more background about Toms's initial trading journey, and how he went on to become a high-stakes trader. This book starts with the journey of Tom, how he got into the world of trading, the initial struggles he faced when he went out to trade on his own, and how he blew up his account in less than two years. He later goes on to work at a brokerage firm where he discovers why >90% of traders lose money in a fair game like trading. This book is a MUST-HAVE for all those who are "serious" about the finance world. I cannot recommend it enough. Tom will go down in history for sharing such invaluable psychological insights which hardly anyone talks about. It's just strategies & short-cuts that sell everywhere. This book is a real gem!
| Best Sellers Rank | #8,962 in Books ( See Top 100 in Books ) #254 in Self-Help for Success #343 in Analysis & Strategy #821 in Personal Transformation |
| Customer Reviews | 4.6 out of 5 stars 2,585 Reviews |
S**A
One of the best book of mental training for trading
Pros:- 1. Gives you best understanding of how to train your mind to become good trader. 2. Explained importance of technical analysis with simultaneous focus on mental training. Cons:- 1. Flow of thoughts are not consistent but still delivers the message. 2. Repetition of few concepts. Upon completing this book, the author garnered my profound respect.
C**L
JUST BUY IT !
I have been following Tom Hougaard for a long time, and I was excited when he announced the launch of this book. There is an 8-part YouTube video series of Tom where he speaks at a broker's conference about developing a trading mindset. This book is 70% a transcript of that video series with almost the same examples with more background about Toms's initial trading journey, and how he went on to become a high-stakes trader. This book starts with the journey of Tom, how he got into the world of trading, the initial struggles he faced when he went out to trade on his own, and how he blew up his account in less than two years. He later goes on to work at a brokerage firm where he discovers why >90% of traders lose money in a fair game like trading. This book is a MUST-HAVE for all those who are "serious" about the finance world. I cannot recommend it enough. Tom will go down in history for sharing such invaluable psychological insights which hardly anyone talks about. It's just strategies & short-cuts that sell everywhere. This book is a real gem!
G**K
One of the Best Book
Every Trader should read this book once.
D**K
One of the best book for trader
Paper quality is normal at this price range.
S**N
Must have book
One of the best books
A**V
If you wish to work on your mind and lean to loose , this is the book .
I read this book after having a bad year in the market , i was new and took random trades for almost 6 months and now i can read the market and its trends almost 60% correctly but still not profitable . This book has helped a lot to control my emotions while trading . I am not perfect as of now in this game but yes , this book helped me a lot . Thanks TOM
Y**I
For me better than Trading in the Zone
Tom has done an awesome job in explaining the market to us.after reading this you will not get stuck in the rabbit hole of technical analysis courses and chase for the as Tom says “Holy Grail” setups.if you read this book in your trading career I would say that it will speed up your maturity process.but do read it once every month in the beginning of the career as these thoughts need to deeply sink in in order to be an awesome trader.Thanks Tom
V**A
This book changed my whole trading perspective
I liked how the author shared openly about his life and struggles. I especially liked how he put emphasis on developing mental edge compared to technical study like many other books focus on. Will recommend to any trader who is struggling to break the cycle of unprofitable trading
B**9
Just wow. The best trading book I've read so far during my 7+ experience in the markets.
Tom Hougaards book is a must-have for the trader that feels hen is currently in "no mans land" on their trading journey towards profitability, or for the experienced trader that wants to take it to the next level. This is not a book filled with bs chart indicators, patterns and all the other technical analysis information that every other trading book is offering. Briefly speaking: This book is about what "The Ideal Trading Mindset" looks like and is all about, and how we as traders need to really dig in deeper into ourselves to find the issues that keeps us from being the true traders that we know we are - and how to solve these issues. Simply put: It's about how to develop the psychology needed to operate as a high stake day trader on a consistent basis - like a professional. It's a book that will be read many times over. Worth every single penny. I can recommend this book whole-heartedly and want to thank Tom Hougaard for his wisdom, and his time to write this book.
M**K
Best book ever
It is truly a different book and so true concepts/facts
L**O
Ótimo
Muito muito muito bom esse livro aqui cara, recomendo mesmo. Mas já tem que ter experiência em day trading
D**I
Must read book!
Polecam zapoznać się z innymi wartościowymi rzeczami od pana Toma na jego stronie tradertom.com. Otwiera głowę.
A**Z
SÚPER RECOMENDABLE
El mejor regalo! En verdad es un súper libro para negocios, vida personal y profesional!!
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