2024 the best loser wins pdf review

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(as of Nov 16, 2024 19:29:15 UTC - Details)

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.

Reviewer: Amazon Customer
Rating: 5.0 out of 5 stars
Title: Changing my review to 5 stars on better context
Review: New Review:I was pretty upset as I would find myself consistently posting some wins, then making huge counter-market bets and blew threw account after account, a very important sum of money to me. I was a terrible loser, and I found that the more I lost, I would do something dumber the next time around. I knew nothing about trading except that if I bought some calls and some puts, if I made money on the in between, I would do okay. I really messed myself up when, in misinterpreting Tom's message from the book, and finding myself never being able to hit that magic homerun, to try my hand at potentially turning a five figure some into a six figure sum in one trade, and blew accounts up several times.Digging deeper into it, I have found that Tom's message is incredibly useful for all aspiring day traders. Maybe I missed it here but there is a technique to what he is suggesting. It is not to mean, make 2k, then add another 10k or 20k of risk on the trade, to potentially make even more, when your risk tolerance was originally 1k or 2k. Here I am humbled and my risk per trade is much smaller than that, for now. What he suggests is to keep adding to the trade without actually incurring more risk at all. There is certainly some skill and understanding and practice to do this, but it is in fact the only way to compound an original trade that might turn out to be a runner rather than forcing yourself to be perfect on just one trade trying to catch a low and a high, which is incredibly stressful and easy to beat yourself up over.Tom has some amazing content on his YouTube website which will provide some detail to this book. I would not take the title literally and to keep adding like crazy with no restraint to your position sizing and risk the farm to try to win back a horse. That is what I was essentially doing in my frustrations with the market, and that is not the way to approach it at all. At least, however, all people if they can pick something up from Tom is learning how to compound those winners without adding more and more risk, and he does go into some details about that. If I personally can adopt this and not risk half of my account which is a meaningful sum of money to me, or my entire account on one trade, I know I will be in a better place as a trader especially if all I am risking is more profits.Old Review:Tom has an interesting idea. If you have profit, keep adding. Then he has charts of mistakes of his trades. Well, adding without a max loss is exactly how people blow up their accounts, statistically on that manner. Build a huge position by adding to it and be wrong. It only takes one time. I wouldn’t be surprised if he started at that baseline to attract a client base then advise to do something completely different.

Reviewer: Thomas Morrow
Rating: 5.0 out of 5 stars
Title: Trade First, Then Read This
Review: I have been trading for decades. Until recently, mostly unsuccessfully. When I read this book, it became very clear my issues were the same ones everyone (70-80% of everyone who tries trading flames out more or less completely) who fails experiences. I had mostly turned my trading around in the last two years but this book spoke to me at a time when I backslid badly.If you have not traded before, don't waste your time with this book. Until you have been bloodied up some, it won't be very easy to understand. Once you HAVE been bloodied up some, it will prove invaluable. You need to have matured to a certain point in your own trading before this book can really help you get to the next level.What this book isn't: a primer on technique. The author and I share a pretty cynical view of charting. He has no patience for fundamentals, and I share that even though I swing trade while he day trades. There is no "here is how to make a huge pile of cash in two days" material here. While he shares what he trades, he encourages the reader to find their own trading space, and this is very wise. While most books on trading claim they can teach you to trade (mostly by following some technique that doesn't work outside the back-testing world), this author completely avoids that. Trading is completely individual, in my experience, so what you need is what you get from this book: an understanding of HOW to think, not a primer on WHAT to think.This is why I say you have to trade first before you read this book. Until you have faced the cold, hard reality of a position collapsing (and the euphoria of a position shooting up in value), you won't understand what the author is telling you. It literally will make no sense.In just the several weeks since I read this, my trading has improved quite noticeably. I sent the author a thank you note to the email he shares. I never heard back but I also never expected I would. This book will really help you if you have traded and lost, like most of us. If you have only traded and won (there must be at least one of you out there somewhere), keep going until you have experienced that first good hard butt kicking. Then read this and go back and do better. You will.

Reviewer: Joseph McNeil
Rating: 5.0 out of 5 stars
Title: Trading
Review: This book is the best about how to think trading. Trading can look so simple. So why not try it. I did and have found it exactly the way the book says it is. It is hard to look at yourself as the problem but you are the problem.

Reviewer: Waid
Rating: 5.0 out of 5 stars
Title: A Game-Changing Book for Traders, But Only for the Truly Committed
Review: Reviewing this book feels very conflicting for me. On one hand, I genuinely believe that this book has the power to completely transform you into a different person—if you're willing to follow the author's advice 100%. But on the other hand, I don't want too many people to read it, because the zero-sum game of the market will become more efficient with such good information, making it harder to profit.However, based on my personal experience, unless you have a strong will and an intense level of focus, the chances of the average person truly undergoing a complete transformation after reading this book remain quite low. That said, there’s no denying that the author’s passion for trading radiates through every word on the page, and you can really feel it.Regardless, I deeply appreciate the author's perspective—this is truly a one-of-a-kind piece of content in the market.

Reviewer: Shah Sikander Amman
Rating: 5.0 out of 5 stars
Title:
Review: Everyone trader should read this book.

Reviewer: Pedro
Rating: 5.0 out of 5 stars
Title:
Review: "Best Loser Wins" destaca-se como uma leitura transformadora para qualquer indivíduo envolvido no mundo desafiador do trading. O autor habilmente explora a mentalidade necessária para enfrentar os altos e baixos do mercado, desafiando as noções convencionais de pensamento.A obra oferece uma perspectiva única sobre a importância de aceitar perdas como parte inerente do processo de trading. Ao desmistificar o estigma associado às derrotas, o autor apresenta uma abordagem refrescante que destaca a aprendizagem contínua e a resiliência como componentes essenciais para o sucesso.

Reviewer: Amazon Customer
Rating: 5.0 out of 5 stars
Title:
Review: Fantastic book, love it. Tom had provided the best insights about trading and specifically successful trading. This can help a lot to me for sure

Reviewer: Cliente Amazon
Rating: 5.0 out of 5 stars
Title:
Review: Molto bello e educativo, d leggere in un batter d'occhio

Reviewer: Hasl
Rating: 5.0 out of 5 stars
Title:
Review: Un livre passionnant sur la démarche longue pour devenir un trader constant. Une grosse introspection qui en vaut le détour. Ce livre aide les débutants à se comprendreJe recommande fortement ! En plus une partie des gains va à des associations caritatives