If you don’t mind, I want to tell you how you can bridge that gap between what you are achieving now and what you want to achieve. The key is not to train less. You still have to train. However, you need to review your performance, and then you need to replay it in your mind, over and over to how you want it to be. Your actual outcome and your desired outcome are currently not aligned.

Is the goal profits? Then the warrior spirit is to go where no one else wants to go, because the goal god dammit dictates it.I also had problems with how many of the statements just did not have great logic. For example since the market is basically a coin flip on any given trade how could 90% or so of traders consistently loss money? It is obviously possible if they are ultimately getting eaten up by commissions, fees and spreads. Is that necessarily the explanation? No, but it is a possibility that Hougaard should take time to discuss. In the same discussion, Hougaard also makes the illogical claim that since most traders win about 60% of their trades the problem is not that they are not able to identify winning setups but they just take profits too early and do not cut their losses early enough. The problem with the logic here is that maybe they are already squeezing all they can out of their trades and that finding ones able to gain more profits or with smaller potential losses would reduce how many opportunities they were able to identify in the first place. Losing traders and winning traders simply think differently. The winner is someone who sees beyond the typical and engrained human responses that are responsible for the 80% losing stats quoted by the market makers. In Best Loser Wins Tom Hougaard shares his trading journey on the route to consistency and profit. This will lead you towards a series of beliefs and intuitions far removed from the amateur and beginner, and into the winners enclosure. I was invited by one of the biggest brokers in the world to give a talk about the life of a home trader. They filmed the event, which lasted a few hours. I gave the speech a provocative title:

My life changed after reading that book. It was a wake-up call. I went from being a skateboard-loving football fanatic, to being a focused and driven individual. I had found my calling. Tom also manages a Telegram channel in which he posts, live, his own trading activity.It is said there are trading rooms replicating Tom’s trades.I have no trouble believing this. Of course, there are exceptions. There are some good books written on techniques and strategies, but most of them are garbage because the author suffers under the illusion that he or she should only show perfect trading examples. yep all is recorded..time-stamped called out live with stops TPs etc. Latency is something he has worked on. Currently he is doing live voice sessions for the UK and US ..so you hear what he's doing and see on the chat. Pretty effective..I don't trade his calls...I tho did once copy a trade of his in the last 2 years.. For starters, this is not a beginner’s book. It should be read by anyone who wishes to be profitable for the long haul, ok, but it assumes that the reader is comfortable at least with the basic tools.

In Memory of Kobe Bryant – Best Loser Wins Part II

More importantly, I have written a book which is all about the aspect of trading they never teach you, and how to get to the top of the trading pyramid. That is why I wrote this book – to describe the path I have taken to get where I am today. Over the last 20 years I have read many books on technical analysis and trading techniques. I personally find most of them boring and pointless.

Market is not random, if it is, why are banks (who are mandated by law to exert extraordinary diligence in their dealings) totally invested in it? Humans drive the charts bottomline...and we are predictable... Now as i have said I dont predict the markets...But I look for, like the actuary. a pattern among a large sampling size.... Now this may be Apophenia or Patternicity on my part...But im good with that. It is not explicitly aimed at investors and position traders (although they would benefit from reading it too), instead it is geared to best engage with the minds of short term and swing traders. What to expect instead?

Thank You

How can the trader have a market bias at the time he executes his trade when he sees this market as random, no one can predict the future? Yes...and sometimes he will carry his bias too far and bets hit hard...but what is amazing and one of the reasons I love following him..is the way he will change his whole bias in a moment's notice.. a mindset regroup you might say.