Best Loser Wins: Why Normal Thinking Never Wins the Trading Game - Written by a High-Stake Day Trader

Pros:- 1. Gives you best understanding of how to train your mind to become good trader. 2. Explained importance of technical analysis with simultaneous focus on mental training. Cons:- 1. Flow of thoughts are not consistent but still delivers the message. 2. Repetition of few concepts. Upon completing this book, the author garnered my profound respect.

I have been following Tom Hougaard for a long time, and I was excited when he announced the launch of this book. There is an 8-part YouTube video series of Tom where he speaks at a broker's conference about developing a trading mindset. This book is 70% a transcript of that video series with almost the same examples with more background about Toms's initial trading journey, and how he went on to become a high-stakes trader. This book starts with the journey of Tom, how he got into the world of trading, the initial struggles he faced when he went out to trade on his own, and how he blew up his account in less than two years. He later goes on to work at a brokerage firm where he discovers why >90% of traders lose money in a fair game like trading. This book is a MUST-HAVE for all those who are "serious" about the finance world. I cannot recommend it enough. Tom will go down in history for sharing such invaluable psychological insights which hardly anyone talks about. It's just strategies & short-cuts that sell everywhere. This book is a real gem!

Every Trader should read this book once.

If you are losing money in the stock market, it is because your trading psychology is wrong. Most of the traders know charts well. They win their most trades too. But whatever they lose, they lose more. Hence, most of the traders lose money in the stock market. This is the overall idea of this book. The author explained well by giving statistics and through his extraordinary storytelling. This book might cost a few dollars but can win you much more than that. I must say it's one of my great investments so far.

One of the best books

I read this book after having a bad year in the market , i was new and took random trades for almost 6 months and now i can read the market and its trends almost 60% correctly but still not profitable . This book has helped a lot to control my emotions while trading . I am not perfect as of now in this game but yes , this book helped me a lot . Thanks TOM

This book has hit a chord with me. After hearing Tom on YouTube, I rushed to see if he has written a book that he talked about. And I am glad I found it. Immediately bought it and read it in 24 hours. Made notes, made my book of truths, imagery and visualization etc. And this is just the first read, I believe it will be a life changing book for me. Tom and me are similar in many ways, so I am doing it exactly how he is saying it to do to improve the mental side of trading. This time I do not want to leave any stone unturned. Finally he has rightly said ' technicals will take you only far, but if you want to achieve your true potential work on your inner game'. Thanks Tom for the wonderful book.

I liked how the author shared openly about his life and struggles. I especially liked how he put emphasis on developing mental edge compared to technical study like many other books focus on. Will recommend to any trader who is struggling to break the cycle of unprofitable trading

Many trading books are worthless, this one is not!

Tom Hougaards book is a must-have for the trader that feels hen is currently in "no mans land" on their trading journey towards profitability, or for the experienced trader that wants to take it to the next level. This is not a book filled with bs chart indicators, patterns and all the other technical analysis information that every other trading book is offering. Briefly speaking: This book is about what "The Ideal Trading Mindset" looks like and is all about, and how we as traders need to really dig in deeper into ourselves to find the issues that keeps us from being the true traders that we know we are - and how to solve these issues. Simply put: It's about how to develop the psychology needed to operate as a high stake day trader on a consistent basis - like a professional. It's a book that will be read many times over. Worth every single penny. I can recommend this book whole-heartedly and want to thank Tom Hougaard for his wisdom, and his time to write this book.

Muito muito muito bom esse livro aqui cara, recomendo mesmo. Mas já tem que ter experiência em day trading

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El mejor regalo! En verdad es un súper libro para negocios, vida personal y profesional!!