Best Loser Wins

'Teaches you the truth about trading and an understanding of difference between winners and losers' – Jack Schwager, author of the Market Wizards series What if the secret to trading success isn't better analysis – but a radically different mindset? 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 frequently risks up to £3,500 per point. This risk exposure requires a mindset that is out of the ordinary. A unique and refreshingly personal account of how Tom elevated his trading game to incredible heights, Best Loser Wins will guide and inspire you in ways no other finance book has before. It is not about technical analysis strategies and money management – it is about mind management. You'll learn: - How to elevate your game from mediocre and sporadic, to excellent and consistent - How to overcome conventional and flawed thinking in trading - A blueprint for a new belief system Best Loser Wins is an antidote to outdated trading advice. Normal thinking leads to normal results. For exceptional results, traders must think differently. '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.' – Tom Hougaard

'Teaches you the truth about trading and an understanding of difference between winners and losers' – Jack Schwager, author of the Market Wizards series What if the secret to trading success isn't better analysis – but a radically different mindset? 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 frequently risks up to £3,500 per point. This risk exposure requires a mindset that is out of the ordinary. A unique and refreshingly personal account of how Tom elevated his trading game to incredible heights, Best Loser Wins will guide and inspire you in ways no other finance book has before. It is not about technical analysis strategies and money management – it is about mind management. You'll learn: - How to elevate your game from mediocre and sporadic, to excellent and consistent - How to overcome conventional and flawed thinking in trading - A blueprint for a new belief system Best Loser Wins is an antidote to outdated trading advice. Normal thinking leads to normal results. For exceptional results, traders must think differently. '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.' – Tom Hougaard

»Die Leute scheitern nicht, weil sie nicht genug über technische Analyse wissen. Sie scheitern, weil sie nicht verstehen, was die Märkte mit ihrem Verstand anstellen«, sagt Tom Hougaard, ein außergewöhnlicher und außergewöhnlich erfolgreicher Trader, der schon mehrere Handelswettbewerbe gewonnen hat. Bei einer Gelegenheit tradete er einen Einsatz von 25.000 Pfund zu 1.000.000. Während der durchschnittliche Einzelhändler ein Risiko von 10 Dollar pro Punkt im Basiswert eingeht, riskiert Tom Hougaard häufig bis zu 3500 $ pro Punkt. Diese Risikobereitschaft erfordert eine ungewöhnliche Denkweise. An dieser Denkweise lässt Hougaard seine Leser in Best Loser Wins erstmals teilhaben. Er erklärt auf unterhaltsame und unkonventionelle Weise, wie Trader mit Gefühlen wie Angst, Gier und einer überzogenen Erwartungshaltung umgehen können. Er deckt auf, wie sich der menschliche Geist immer wieder selbst betrügt. Er nimmt die Rolle, die die Charts für das Trading spielen unter die Lupe und stellt das wichtigste Thema in den Mittelpunkt: die Trading-Psychologie. Hougaard ist überzeugt: Normales Denken führt zu normalen Ergebnissen. Um außergewöhnliche Ergebnisse zu erzielen, muss der Trader anders denken. In Best Loser Wins hilft er seinen Lesern, eingefahrene Denkmuster zu überwinden und mehr aus sich herauszuholen. So kann jeder Trader lernen, größer, selbstbestimmter und erfolgreicher zu handeln.