Tom Hougaard Quotes

“99% still don’t get it – when they win, they start betting less. Bet more!”

“A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That’s the kind of thing winning traders do.”

“Anything in life worth doing is worth overdoing. Moderation is for cowards.”

“Being good at the technical part of trading is like being good at putting together a sniper rifle; what good does that do you when you go into combat and you don’t know how to handle yourself?”

“Control your mind - control your future.”

“Don’t confuse talent with luck.”

“Every moment is unique. Just because you had 15 heads in a row does not mean the odds of a head are less on the 16th throw. They are still 50/50.”

“Everyone is a chart expert, but a chart expert does not equate to a trading expert.”

“Expect to be uncomfortable. I expect my trading to cause me anxiety. I am waiting for it.”

“Failure is a friend in life – if you tell your mind that it is okay to fail.”

“Good trading means combatting the emotions that make us human.”

“He missed more shots than any other player in history. Bryant was willing to encounter failure in every game he played.”

“Hope dies last.”

“How you feel about failure will to a very large degree define your growth and the trajectory of virtually every aspect of your life.”

“How you feel about failure will to a very large degree define your growth and your life trajectory, in virtually every aspect of your life.”

“I am exceptionally good at losing.”

“I believe in defining my risk. I don’t believe in defining my reward.”

“I believe that disgust is a much stronger emotion than joy or happiness.”

“I don’t have to be certain that my trade is going to work out. I just have to be aware that my mind wants to do things that are not in my own best interest.”

“I have faith. I believe that my process will carry me through the highs and the lows of trading.”

“I knew there was more to it, and I knew I had to keep looking.”

“I went from being a skateboard-loving football fanatic, to being a focused and driven individual.”

“If normal is the familiar pattern, and if normal is opening an account with a CFD broker and proceeding to lose the money, then normal is simply a representative of everyone else. Everyone who is normal will end up losing.”

“In a nutshell, what separates the 10% of winners from the 90% of losers is which brain they are listening to.”

“In bull markets, resistance is often broken, and in bear markets support rarely holds.”

“In trading, consistent winners think differently from everyone else.”

“In trading, unlike life, it’s the best loser that wins.”

“It has never been easier to trade. The IT infrastructure is superb for traders. The spreads have never been lower. The margins have never been more favorable. The tools have never been so readily available.”

“Life should be lived on the edge of life... you have to exercise rebellion, to refuse your own success.”

“Losing and failing might be a knock to the ego, but it is rocket fuel for growth.”