Best Loser Wins: Why Normal Thinking Never Wins the Trading Game – written by a high-stake day trader Paperback – 16 Aug. 2022

The best book ever on trading psychology and risk management it teaches to become successful in trading you need to only manage your losses .

I am just going to put it out there that there is nothing you don't know written in this book. Seriously. You know you need to keep winners running, you know you need to cut your losses, you know you need to focus and train your mind to execute flawlessly, you know your strategy is profitable, but you can't make it profitable.The thing is there is a difference between knowing something and doing something. And sometimes, just someone telling you that what you think is the right way (even though you knew it, but never did it) helps boost confidence that you're on the right lines.I've always wanted to add to winners, but get annoyed when they go the wrong way and reverse on me and on the fair few times i have added it has just done that, and ive always had the mentality that my stop loss is where I am proven wrong. The one thing I haven't done is be consistent at it. Add to winners, and it reverses, I'll just set a tp next time, and it wins, let it hit stop, cut positions early, cut stops early before being proven wrong. All these inconsistencies alter the trajectory of a PnL chart a lot.Couple with this, and coupled with the idea of 20 trades and ignore the outcome, I'm going to just do it. Ignore my reptile mind and just do it.I mean, if it fails, then so be it. The way I and the majority of people do things are going to fail anyway. May as well fail "properly" than by half attempting something.Good book, well worth the read just to expose your mind to new ideas. Would recommend. Even to those who aren't necessarily trading but are in other high risk ventures.Thank you Tom

Absolutely amazing book. No other words need it

As my title suggests, I’m a loser when it comes to finishing books.No problems here, loved it. I’m now even reading it for a second time, picking up gems of knowledge I missed first time round.I’m not a day trader, just trying to manage my ISA portfolio in these turbulent times. But the wisdom within these pages has helped me immensely in the last few weeks and my portfolio balance reflects it.The book is really well written in Tom’s casual but direct style. So accessible to newbie traders like me, but I imagine really helpful for experienced pros too.The best book on trading that I’ve read cover to cover!! ;)

Like many others I have bought way too many trading books, both psychology and technical analysis to be found within their pages.This one is stand out.I picked this up after I seen Tom's name somewhere on the web, following which I done some due diligence (I have been caught too many times now).Tom is without doubt the real deal I joined the telegram group to see what type of trader he is, and if he is actually a trader. HE IS DEFINATELY A TRADER, and one that trades every day live before your very eyes.I could not put the book down and I am now on the second reading. If you are a struggling trader, trying to find genuine trader resource and knowledge, look no further than here.Written from the heart by quite frankly, an amazing trader and genuine human being. A rarity indeed.

Very readable book that I finished in a couple of sessions. Hougaard is brutally honest about his own trades, and indeed about his life. Did I learn anything new? No, I didn't. Truth is, there's not much new to learn once you've read a few trading books. Most people know what they should be doing. Actually doing it, when you've got money on the line is something else.

Without understanding the internal workings of the mind and following in the footsteps of Tom and how to conquer our natural inclinations waren't built for trading, I wouldn't have become profitable. Thanks Tom!

This is an excellent book. If you have ever wondered why you still are losing trader - even if you know "everything" about markets, technical analysis etc. etc. - this book is likely to give you the answers and enable you to change that.

One of the best book in trading field

Reviewing this book feels very conflicting for me. On one hand, I genuinely believe that this book has the power to completely transform you into a different person—if you're willing to follow the author's advice 100%. But on the other hand, I don't want too many people to read it, because the zero-sum game of the market will become more efficient with such good information, making it harder to profit.However, based on my personal experience, unless you have a strong will and an intense level of focus, the chances of the average person truly undergoing a complete transformation after reading this book remain quite low. That said, there’s no denying that the author’s passion for trading radiates through every word on the page, and you can really feel it.Regardless, I deeply appreciate the author's perspective—this is truly a one-of-a-kind piece of content in the market.

Excelente libro

"Best Loser Wins" destaca-se como uma leitura transformadora para qualquer indivíduo envolvido no mundo desafiador do trading. O autor habilmente explora a mentalidade necessária para enfrentar os altos e baixos do mercado, desafiando as noções convencionais de pensamento.A obra oferece uma perspectiva única sobre a importância de aceitar perdas como parte inerente do processo de trading. Ao desmistificar o estigma associado às derrotas, o autor apresenta uma abordagem refrescante que destaca a aprendizagem contínua e a resiliência como componentes essenciais para o sucesso.

It changes the way I trade. I bought the book one week ago and I have applied quite a lot of his suggestions, almost all during the past week. As a result I am already up 4k this week. I hope this trend continues, and in any case I am sure, this is the right mindset.