Best Loser Wins: Why Normal Thinking Never Wins the Trading Game – written by a high-stake day trader

Tom Hougaard

Aug 2022 · Harriman House Limited

About this ebook

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 Hougaard frequently risks up to £3,500 per point. This risk exposure requires a mindset that is out of the ordinary.

Normal thinking leads to normal results. For exceptional results, traders must think differently.

This book will guide and inspire you in ways no other trading book has. It is not about strategies and money management. It is about mind management. Tom Hougaard provides a unique and refreshingly personal account of how an ordinary trader elevated his game to incredible heights by focusing as much on his mental approach as on his technical analysis.

Best Loser Wins explains how you, by thinking differently when you are trading, can elevate your game from mediocre and sporadic, to excellent and consistent. No amount of technical analysis will ever do that for you.

Tom Hougaard says, “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.”

Best Loser Wins is an antidote to conventional and flawed thinking in trading, and a blueprint for a new belief system for traders who want to elevate their results to levels they never dreamed they could reach.

Ratings and reviews

Tom Tom Tom, you just changed the trajectory of my life. This book had me laughing and was as entertaining as it was informative. Possibly the best trading book one could read. Years of trying to learn more technical analysis to stop losing and all along, all I needed to do is look inward. My month before reading this book was 16 wins 27 losses and this month so far is 15 wins 19 loss. Tom's trading mantra is what I read before every trading day now. I don't expect to change 100% overnight but at least I know I'm on the right track now. Definitely a buy for anyone who trades.

An awesome book that captures the essence of what it takes to make a net profit over a series of trades ad infinitum. Mr Hougaard manages to describe and dig deep and demystify what can save years of unnecessary wasting of time for new traders.

I recommend to read this book for every trader who is already in the marker for a while. It will totally change your way of thinking about the trading and help to improve your mindset!

About the author

Tom Hougaard studied economics and finance at two universities in the United Kingdom, and then went on to work for JPMorgan Chase, before spending the next ten years in the City of London as a Chief Market Strategist for a CFD broker. He has given thousands of TV and radio interviews on the state of the market, as well as educating tens of thousands of clients on trading strategies. Since 2009 he has traded for himself.

Tom has self-published several works on trading psychology, price action and product knowledge.

You can follow Tom’s trading via Telegram and YouTube. You can view his trading results on www.tradertom.com