Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More) 194: Day Trader Turns £100k to £1.5m in 8 Months w/ Tom Hougaard – Part 3/3
Sep 28, 2022
Discover how a day trader turned £100k into £1.5m in 8 months, mastering the trading mindset and focusing on gradual growth. Learn about transitioning to trading larger positions and building trading capital while emphasizing the importance of proper hedging and disciplined trading practices.
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Prepare Like Alex Honnold
- Emulate Alex Honnold's meticulous preparation in free solo climbing for trading.
- Thorough preparation helps assimilate pressure and manage fear, regardless of the size.
Tom's Size Journey
- Tom Hougaard increased his trading size from £100 per point to £3,500 per point.
- He used a process of incremental increases and constant review.
Incremental Size Increase
- Gradually increase trading size to manage fear and build confidence.
- Review trades regularly to identify weaknesses and refine your process.