Trading Psychology Event | Thinking In Scenarios | Part 6

In our penultimate episode of expert trader Tom Hougaard’s “Normal doesn’t make money” presentation, he discusses why practice doesn’t necessarily make perfect, as if we keep trading the same way, we are just ‘cementing’ our bad behaviour.

Hougaard talks about the collapse of Northern Rock and how traders implement the ‘supermarket mentality’ which can lead them to make rash decisions.

He also covers some Dow Jones Index scenarios and the questions he asks himself to use as a roadmap when trading. Make sure you watch to learn what to implement in your trading strategy.

► Check out Tom's website: https://tradertom.com/

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► Check out the other parts of his presentation:
Part 1: https://www.youtube.com/watch?v=xoGOZD7-3gY&list=PLG-cFxyNs94VFAv_l_aW0lOpRxrCtPum6&index=2&t=0s
Part 2: https://www.youtube.com/watch?v=p0Tfs7VNp7s&list=PLG-cFxyNs94VFAv_l_aW0lOpRxrCtPum6&index=3&t=378s
Part 3: https://www.youtube.com/watch?v=4SzQimeHGjk&list=PLG-cFxyNs94VFAv_l_aW0lOpRxrCtPum6&index=4&t=0s
Part 4: https://www.youtube.com/watch?v=vTboKA-y_So&list=PLG-cFxyNs94VFAv_l_aW0lOpRxrCtPum6&index=5&t=1104s
Part 5: https://www.youtube.com/watch?v=yXKSEz8ureA&list=PLG-cFxyNs94VFAv_l_aW0lOpRxrCtPum6&index=6&t=1432s
Part 7: https://www.youtube.com/watch?v=4MH9y03B2JM&list=PLG-cFxyNs94VFAv_l_aW0lOpRxrCtPum6&index=8&t=0s
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