KZhead

Trading Psychology Event | Thinking, Fast and Slow | Part 7

OPTO
2020 ж. 2 Ақп.
224 092 Рет қаралды
Жүктеу

📱Download Our FREE App & Discover the Next Big Investment Opportunities (US & UK only): optothemes.onelink.me/BZDG/ti...
Our final instalment with expert trader Tom Hougaard concludes with using the Stroop test to show how our minds can be easily misled and how we can react quickly without thinking. He uses this as a metaphor to show how when we stare at stock charts, our minds can jump to conclusions.
We, therefore, need to discipline ourselves so we don’t react without thinking when trading. He instructs us to not be fooled by our mind's tendency to jump to these conclusions, as it seeks out the answer we want.
► Check out Tom's website: tradertom.com/
► Get your copy of our FREE Day Trading eBook: www.cmcmarkets.com/en/opto/eb...
► Sign up for our newsletter:
www.cmcmarkets.com/en-gb/opto...
► Check out the other parts of his presentation:
Part 1: • Trading Psychology | W...
Part 2: • Trading Psychology Eve...
Part 3: • Trading Psychology Eve...
Part 4: • Trading Psychology Eve...
Part 5: • Trading Psychology Eve...
Part 6: • Trading Psychology Eve...
Be sure to like this video if you enjoyed it and comment below! ⬇️
► Subscribe to our channel:
/ @optothemes
Or reach out to us with your ideas on future trading content you'd like to see.
📈 To read the latest stock trading news:
► Visit our website & sign up for our newsletter:
www.cmcmarkets.com/en-gb/opto
► Follow us on Twitter:
/ optocmc
► Check out our previous Tricks of the Trade event:
• Playlist
#trading #stocks #stockmarket #tradingstrategy #tradingmistakes #psychology #tradingpsychology
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money

Пікірлер

  • First money mistake to avoid is feeling the need to solve everything and be there for everyone, you have to invest in yourself before investing in others

    @HaroldDylan-@HaroldDylan-2 ай бұрын

    • You live and learn. I blew two funded $50K accounts with Karen L Nancy mentorship program. It's really making me self reflect and be able to see my trading mistakes even more. I got caught up in revenge trading and not walking away when I should have.

      @ThomasHenry144@ThomasHenry1442 ай бұрын

    • Our issue stems from the prevalent belief held by the majority that "having a good job is all it takes to become wealthy." Many people are unaware that these billionaires are using a different set of rules when conducting business.

      @LatoyiaCouch87@LatoyiaCouch872 ай бұрын

    • That's very practical and smart goal, a wise man once said do everything you can to get outta debt, one of his tips to get rich.

      @MiaAva872@MiaAva8722 ай бұрын

    • The best approach for novices is to trade under the supervision of an expert, trust me you will be debt free.

      @oscarjack643@oscarjack6432 ай бұрын

    • I start investing my cash in others to achieve all my dream with the help of Karen Nancy. The difference Mrs Karen L Nancy make in my life is second to none. It's definitely a life changing kindness. I really appreciate her effort in my life time.

      @LucasSmith715@LucasSmith7152 ай бұрын

  • this whole conference is just pure gold! thx a lot

    @viroxete@viroxete2 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes2 жыл бұрын

    • Where can I find the entire conference

      @BushmanBez@BushmanBez2 жыл бұрын

    • I would rather call it, entertaining bla bla. Suprised there are so much thankfull comments, like im sure it didnt change any of you trading results. He clearly didnt say a word about closing the position. So all it was bla bla bla, cheap words and advices. Buy hight sell even higher? Add to ur winning position? Well, cheap words.

      @jarosawudzien1685@jarosawudzien16852 жыл бұрын

    • @@jarosawudzien1685 Agree with you. Very surprised by amount of BS in these presentations

      @alexairplanner@alexairplanner2 жыл бұрын

    • @@alexairplanner The one thing he was absolutely correct about is that everyone is doing the same technicals and still losing. Technicals and even fundamentals with all the paid subscriptions now are pretty easy. So I would tend to believe it has a lot to do with psychology....hence the reason its much easier to kill it on paper trading and then you go bust on real. Its the fear of losing real money...not the trading. The charts are the same.

      @garrydye2394@garrydye2394 Жыл бұрын

  • The most important thing I've ever learned in my life, is something i came to conclusion on my own. "People believe what they want to believe"

    @mobydick3895@mobydick3895 Жыл бұрын

  • What a great presentation. I watched all the parts, and I must say, I’ve never felt better.

    @NolesFTW@NolesFTW Жыл бұрын

  • Basically, he means don't buy low sell high. Buy strong stocks, when price goes up, buy more, cos the uptrend is clear.

    @marcusmjx740@marcusmjx7403 жыл бұрын

  • Thank you so much for the serie ! Incredible journey !

    @gaatwar@gaatwar3 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes3 жыл бұрын

  • Thank you guys 🙏🏻. Amazing presentation really it's changed my way of thinking 🙂

    @ahamedmusharaft738@ahamedmusharaft7387 ай бұрын

  • After money heist, this is the only series I watched in a single stretch. Thank you and wonderfull eye opening video.. He is great in teaching..

    @antonyrajtonyjaa5486@antonyrajtonyjaa54862 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes2 жыл бұрын

  • Most Excellent! Thank you, Tom! Now, I begin your book.

    @jaaches@jaaches Жыл бұрын

  • This was a good presentation, Helpful

    @Tararsupport@Tararsupport2 жыл бұрын

  • Thank you TOM !

    @hardikjoshi2441@hardikjoshi24413 жыл бұрын

  • I watched them over and over and still want to watch them, great thinking

    @alinajafi4257@alinajafi42573 жыл бұрын

  • This has been a rollercoaster of emotions, as a relatively green intraday trader. I've gained a lot of insights on how your psychology should be towards the market. Kudos to your channel for uploading it all... 🙏

    @piyushkadve8385@piyushkadve83856 ай бұрын

  • So glad I watched this! Now I won't spend too much time studying indicators, just stick to my money management rules and keeping my emotions at bay. I just subscribed to Trader Tom's channel :)

    @izzyrov5814@izzyrov58142 жыл бұрын

  • Wait is there a part 8? I’m looking for the complete talk please if available

    @Mfam777@Mfam7773 жыл бұрын

  • wow what an amazing presentation. Thank you Mr. Hougaard.

    @superwalnuts8760@superwalnuts87602 жыл бұрын

  • WOW! I didnt expect him to bring that angle to the exercise. What a legend!

    @aGr3atD4y@aGr3atD4y Жыл бұрын

  • The speaker has hit the nail on the head. Looking forward for more content from him.

    @zutshi7583@zutshi75832 жыл бұрын

  • Unbelievable amount of value in this talk, crazy to think that most traders go their entire careers not utilizing this wisdom...

    @michaelricetrades@michaelricetrades3 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes3 жыл бұрын

    • They even go their entire careers not adding to winning positions, hehe

      @nicolaimarquez3055@nicolaimarquez30552 жыл бұрын

  • Wow the whole series was very timely to me where am watching it now, because I was about make another repetition of the same mistakes. The bible says seek and you shall find, I actually find this time. Thank you Tom H

    @ssenyongaisaac5376@ssenyongaisaac5376 Жыл бұрын

  • Very good content and refreshing

    @lazytradermidset@lazytradermidset2 жыл бұрын

  • Excellent preso and I watched all parts and shed light on some of the issues, I have experienced in my journey.

    @allthingsconsidered...4894@allthingsconsidered...489410 ай бұрын

  • Amazing! this lecture really gave me a lot to think about.

    @elvarwinston@elvarwinston3 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes3 жыл бұрын

  • Awesome!! Just plain awesome

    @schesche69@schesche692 жыл бұрын

  • I really appreciated this talk. As someone who's relatively new to trading, it was of great, great value! Thanks.

    @ferolicious@ferolicious3 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes3 жыл бұрын

    • hows your trading been going two years on???

      @jacobmate1537@jacobmate15375 ай бұрын

  • thanks for sharing valuable knowledge

    @vijaybhandarii@vijaybhandarii11 ай бұрын

  • Wow, thanks for this.

    @navitas1@navitas1 Жыл бұрын

  • This conference is such a gem ❤️‍🔥

    @authenticself3800@authenticself3800 Жыл бұрын

  • Phenomenal stuff!

    @samualwoolcock6694@samualwoolcock66943 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes3 жыл бұрын

  • This is what a real PROFESSIONAL 🧑‍💻 ( TOP 1 % ) TRADER 📊 think 🤔 like.... Trading is more about human psychology than technicals or any trading 📊 strategy.... Thanks a lot 👍 I am very blessed to findout with great learnings on KZhead free. Thanks again 👍 Great efforts 💪

    @powerofmind8924@powerofmind89242 ай бұрын

  • Watched all videos with great joy and boy what a valuable information from this friendly Danish giant! I am quite sure I will watch these videos multiple times.

    @jori1988@jori19883 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes3 жыл бұрын

  • Thank you 😊

    @vishwajeethjk9290@vishwajeethjk92902 жыл бұрын

  • I watched all the parts in one go and added to watch later too. Gold!

    @phanindra4700@phanindra47002 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes2 жыл бұрын

  • I feel like there should be more to this.

    @Theoutlaw007@Theoutlaw0073 жыл бұрын

  • Amazing

    @Mahakaallll@Mahakaallll7 ай бұрын

  • Amazing... Last exercise was awesome 😂

    @sactemp777@sactemp7772 жыл бұрын

  • this video was probably the best i have seen when it comes to trading. where can i find more videos like these?

    @hunainnajam2585@hunainnajam2585 Жыл бұрын

  • very informative. thanks all 7

    @MrRyancabahug1@MrRyancabahug13 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes3 жыл бұрын

  • I very much appreciate this presentation. I've been sick and unemployed for the last 5 years without a pot to piss in. Cant feed a family on just crypto mining unless you already had thousands and thousands of dollars to start with. The volatility of the crypto markets without the constraints of the rules of traditional trading is about my only ticket at this point. I went a week without any training. Then a week after learning technical analysis, and tonight i turn a new leaf. I earn $30 a day in mining and I can afford to lose that $30 every day until I stop losing. This presentation has taught me alot about my initial strategy, its advantages and disadvantages. Today was the last day I take profits in ways as so many KZhead personalities suggest. Lost most of my earnings today on ethereum when it rocketed 160 bucks either resizing my position, or thinking it would be ok to take my profit for the day, then getting scared I made the wrong choice. Now, had I went long and stayed there when the price was down $260 a day ago......point is you dont know until you know and you have set off already to find out. I was right nearly 100% on paper but when real money was in a trade, I second guessed my way in to making the exchange lots of money and me almost nothing instead of seeing things to the end from where I started. Also exiting good moves for fear of losing. My position did grow, but not the nearly 40% it should have, had I watched this yesterday. The excercise in fear I will certainly have to embrace. I was viciously attacked by 2 dogs when I was 3 years old and fear has been a constant complication in my life ever since. But I overcame that and I'm also autistic, so cutting the emotion out in order to get the work done and be the best I can be or need to be is second nature by this point. Plus I work best alone and I can work anytime now, even when I'm sick. I can take the days off I need and wont get fired if I cant get out of bed on my first day on the job. I'd rather be welding, or machining, or driving truck, or farming, any work with my hands, body , mind and soul. But since my body is decrepit, I will trade for my family's sake.

    @travishanson166@travishanson1662 жыл бұрын

    • Hope you are doing well. It's a very difficult path to earn money this way. Very difficult specially first three years. Anyway I wanted to point something about what you said. What I see is that if you where attacked by two dogs when you were almost a baby and you survived then you should be PROUD of yourself. Even more those dogs must be dead by this time and you are here to tell it. You won the battle, you won! Best wishes to you and your family

      @radiokaput@radiokaput Жыл бұрын

  • It's like never before I heard anything like this, that's pure thing 💯

    @vikasarsid1299@vikasarsid12992 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes2 жыл бұрын

  • Thank you

    @ivideorandomstuff4591@ivideorandomstuff4591 Жыл бұрын

  • Thank you so much for all this information but why you didn’t choose the $SPY instead of $DOW or any other ticker instead of same through whole session

    @sandeepparajuli9222@sandeepparajuli92222 жыл бұрын

  • I have watched all videos again and again, these are gold, thank you so much to Tom and the channel. Somehow I think the crucial conclusion is in part 8 which is the missing piece. Anyone could tell where to find it? I saw many comments below asked about it but there is no response so far. @Opto, would you please reply?

    @kanjanicks5408@kanjanicks540811 ай бұрын

  • Believe me, This is the best video i have seen so far in youtube and it mostly explained the inner workings when i went broke and when now i am making profits over a long trading career. Newbies wont get this unless they make losses and recover.

    @ramanandh1261@ramanandh12613 жыл бұрын

  • Damn the whole series I'm like this will definitely make me blow my account. I'm actually scared.

    @randomghost4385@randomghost43852 жыл бұрын

  • This entire presentation was brilliant. Thank you very much Tom, I think you've just help me unlock the missing piece of the puzzle I needed to completely revamp the way I think about the markets. If you're reading this, god bless you and have a lovely day.

    @TheNotoriousFonzy@TheNotoriousFonzy2 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes2 жыл бұрын

    • What was the missing price of the puzzle

      @joannesmith1175@joannesmith11752 жыл бұрын

    • @@joannesmith1175 ur mom

      @Hunter-vv4te@Hunter-vv4te Жыл бұрын

  • thank you for this! i learned a lot from Trader Tom! 💛🔥

    @rockstar.mindset@rockstar.mindset3 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes3 жыл бұрын

  • Very, very good. I have liked the lecture a lot.

    @arturoli@arturoli3 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes3 жыл бұрын

  • Thank you..it was amazing series.

    @pratikpatil9377@pratikpatil93773 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes3 жыл бұрын

  • Great series of lectures - but if you "think" that you could identify some Thur-Fri-Mon/hi/low pattern such as described here ahead of thousands of computers programmed by Math/Physics PHd's from MIT and such - that's delusional. I traded for couple of decades now, +10K trades per year, and it's easier to assume prices are random, because they (mostly) are. Best wishes in trading!

    @marekan1410@marekan1410 Жыл бұрын

  • This is very useful but hope i can find the part 8 and ending of this video 😆

    @TOTLE929@TOTLE9292 жыл бұрын

  • thank you so much for this awesome series. I will watch this again. The only thing I couldn't understand is while adding new positions when I am winning, when should I book profits?

    @pranavtiwari9948@pranavtiwari99482 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes2 жыл бұрын

    • when everything *besides* your own fear of missing the top is indicating it's over

      @handokurimu@handokurimu2 жыл бұрын

    • @@handokurimu haha nice, thank you 😊

      @pranavtiwari9948@pranavtiwari99482 жыл бұрын

  • SUPER AMAZING

    @saahiel10@saahiel109 ай бұрын

  • Watched all 7 videos.. brilliant talk. Lots to learn and implement from this in our own personal trading styles. Thanks for sharing.

    @venky193@venky1933 жыл бұрын

    • Can you please summarize the key take aways of this series in few points? Thanks!

      @dannyd8347@dannyd83473 жыл бұрын

    • @@dannyd8347 1- Retail traders are trading like dicks. Hence they loose 2- technical analysis is the same for all.. its NO advantage to know or learn with expensive classes / courses etc 3- Trading, IS THE COMPLETE OPPOSITE of what we do in life!!!! Hence we loose money 4- We as humans have biases. they make us fail in trading!! . . there's more insight that i can provide in a few lines or words here.. spend 1.5 hours.. watch it!!!

      @venky193@venky1933 жыл бұрын

    • Venky K Thanks mate

      @dannyd8347@dannyd83473 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes3 жыл бұрын

  • so awesome!! watched all parts. thanks for sharing this and thanks to tom of course :)

    @dennismenace9123@dennismenace91232 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes2 жыл бұрын

  • Excellent! Thank you, Mr. Hougaard

    @onthehighCs@onthehighCs Жыл бұрын

  • Is there a chance we can get Tom's powerpoint presentation somehow? I know he mentioned to the participants they can get it.

    @milanbanicevic6601@milanbanicevic66012 жыл бұрын

  • GREAT PRESENTATION. THANK YOU FOR ALL THE VALUE.

    @mafercruz9320@mafercruz93202 жыл бұрын

  • Is there any link to the full thing or the slideshow?

    @LukeOnTheMove@LukeOnTheMove2 жыл бұрын

  • Danke viele

    @ghoskali2086@ghoskali20862 жыл бұрын

  • Good lord this guy knows how to hold a presentation not once was I bored.

    @abimhhgrrcunzolebh1688@abimhhgrrcunzolebh16882 жыл бұрын

  • well, not taking profits early is great, but only if you know where early is and where just the right time is, lol.

    @lazyupload@lazyupload3 жыл бұрын

  • I would like to know more about how to finally exit the trade and where you set your stop losses.

    @ryanbarrett1059@ryanbarrett10592 жыл бұрын

    • I don't use stop loss anymore.

      @alphabrother9757@alphabrother97572 жыл бұрын

  • good parts

    @Introvert_Rider@Introvert_Rider2 жыл бұрын

  • The first 5 parts made my day, but part 6 and 7 made my hole weak!

    @devild2269@devild22692 жыл бұрын

  • Is the full presentation available ?

    @Eastcoast_Rds@Eastcoast_RdsАй бұрын

  • Great great series. Thank you 🙂

    @devenderkumar2902@devenderkumar29022 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes2 жыл бұрын

  • Tooooooooooooooooooooooooooooooooooooom ,Thank you :))

    @TradingNo-Nos@TradingNo-Nos2 жыл бұрын

  • That was the most informative set of videos i saw on trading. I am exactly making same mistakes that he mentioned. I can improve the way I think while trading.

    @hemusinha2821@hemusinha28213 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes3 жыл бұрын

    • @@OptoThemes As others have mentioned could you please fix the playlist? Number 7 is there twice, and we are actually missing a part between 6 and 7

      @karl2405@karl24052 жыл бұрын

  • Where can we find stock market statistics such as these?

    @EvanEvansE3@EvanEvansE33 жыл бұрын

  • Nice lecture! But I didn't understand one main thing. Did Tom mean to increase the risk in order to make a good profit? I'm a bit confused. Many traders know high-risk trading can cause big losses and even can wipe out your account.

    @socrateswm@socrateswm3 жыл бұрын

    • No, he didn't. He basically said to add to your winning positions and cut the losing ones. Whereas in general people start adding to their losing positions (to average a lower entry price HOPING the market will turn) and take profit earlier on their winning ones.

      @catalinciornei5922@catalinciornei59223 жыл бұрын

    • only if u seen your position runs, add to it, sureley at the right entrys ;) not blind

      @ict_spiritadept@ict_spiritadept7 ай бұрын

  • You expect too much from them Tom, you really do. But credit for you for persistently trying, ha ha.

    @albertlabos8400@albertlabos8400 Жыл бұрын

  • IS part 7 the last video? Clearly the lecture is not over but i don't see any more episodes?

    @ofearths7430@ofearths7430 Жыл бұрын

  • The same way, life is all about the mental game, so do trading.. its easy, logical way of teaching. gain lots of insight.thanks sir

    @sagars6820@sagars6820 Жыл бұрын

  • Awesome valuable information! Thanks so much. God Bless

    @alexinoa22@alexinoa22 Жыл бұрын

  • Very interesting conference. 🇦🇴 🇦🇴

    @mrmatias2618@mrmatias2618 Жыл бұрын

  • Hell of a conference

    @Kjv_believer7@Kjv_believer72 жыл бұрын

    • Thanks for watching!

      @OptoThemes@OptoThemes2 жыл бұрын

  • Wow..

    @MrOgunseyinde@MrOgunseyinde3 жыл бұрын

  • This was sensational! Can you please fix episode number 7 as it is the same as 8...I think we are missing the second part of the scenarios from episode 6 :)

    @simonov_spas@simonov_spas2 жыл бұрын

    • Yes please. The further scenarios are missing. some of the most important part got cut out

      @hansdaimler865@hansdaimler8652 жыл бұрын

    • they never got back to us

      @gh8066@gh8066 Жыл бұрын

  • Where is the full video?

    @kevincunha4278@kevincunha42783 жыл бұрын

  • What an amazing seminar 😇

    @akshaysawant7987@akshaysawant7987 Жыл бұрын

  • The colours thing is called 'the stroop effect'

    @b0njam0n@b0njam0n Жыл бұрын

  • Great event...love it

    @MichaelMulvey-hp3he@MichaelMulvey-hp3he Жыл бұрын

  • Where is the next part 8

    @sactemp777@sactemp7772 жыл бұрын

  • Where is part 8?

    @adamhall6922@adamhall6922 Жыл бұрын

  • I recall this is Daniel kahneman’s essay?

    @fritzz3733@fritzz37332 жыл бұрын

  • This colour exercise got me so twisted

    @anthonymtambo11@anthonymtambo113 жыл бұрын

  • This presentation was pivotal. thank you!

    @MrTurkgod@MrTurkgod2 жыл бұрын

  • front row guy looks so pissed LOL

    @gh8066@gh8066 Жыл бұрын

  • 🧠🧠🧠🧠🧠

    @coochiemonster830@coochiemonster8302 жыл бұрын

  • Grue! 😂

    @iamsiin338@iamsiin3383 жыл бұрын

  • This guy can change the whole world.

    @Thenarayanaclips@Thenarayanaclips Жыл бұрын

  • gold is all i can say

    @hectormuhumuza5077@hectormuhumuza5077 Жыл бұрын

  • Amazing watched all the parts , a lot to take away

    @dele@dele9 ай бұрын

  • @esilivm@esilivm Жыл бұрын

  • Great stuff ! Luckily i realised years ago that TA is total bullshit, maybe thats why i made 50% last year and this year already 100% ROI. I mostly sell options (cash flow)..nobody knows where the price is going. My crystal ball has been broken at least 10 years 👍

    @johto@johto2 жыл бұрын

    • Isn't buying a breakout a sort of technical analysis? Technical analysis can definitely assist in a trade but yes it is highly flawed and can be very unreliable. I can't imagine staring at just a blank chart of candles with nothing else though.

      @ryanbarrett1059@ryanbarrett10592 жыл бұрын

  • I will forever be indebted to you 😇 you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment thanks so much Mrs Ariana

    @Samantha-sj1kr@Samantha-sj1kr Жыл бұрын

  • If you want to be successful in this business, you should forget technical analysis and instead look for liquidities.

    @TradeAllTrends@TradeAllTrends2 жыл бұрын

  • this made me realise how dum iam

    @shreyasjain1259@shreyasjain12592 жыл бұрын

  • fantastic series of the core principles every trader should think first before anything about tech/fund/etc analysis.👏.👏.👏.👏.👏.👏👍

    @upyourmood@upyourmood9 ай бұрын
KZhead