Day Trading Psychology Talk London 2020 by Tom Hougaard Part 1 of 3

I'm not going to attempt to show you how to trade I'm going to attempt to show you how to think while you're trading and this will become very clear in a second by way of introduction my name is Tom who got and I come from a very unique vantage point in relation to you

you see I started working in the city about 20 years ago and for the first decade of my career I sat and I watched you trade I must have watched a hundred million trades go over the tape in the ten years that I sat on a trading floor whilst I was managing and hedging

positions depending on which direction you saw the market go up or down and it does provide you with a rather unique insight to watch 50,000 people trade over a decade you get a feel for how it is people are thinking when they are sat in front of their monitors at home or wherever they are in the world and you

notice that people tend to make the same mistakes over and over and over and actually very few people are capable of making money consistently so as I left in February 2009 in the throes of the bear market I realized that actually trading had absolutely nothing to do with technical analysis fundamental analysis and there was it was it was

difficult to begin with because no longer did you have a security blanket in the form of a monthly paycheck instead you were there man oh man oh in front of the screen the markets was your best friend or your worst enemy depending on the day and Here I am some 10 years later this year has been a good

year I made a more than a million pounds this year last year I managed to lose nearly 90,000 on Christmas Day would you believe that it's one of the reasons why I am so grateful that CMC market is stopping me from trading on a on a thin train day and sadly it's a bit of a