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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.
22:56

Podcast summary created with Snipd AI

Quick takeaways

  • Gradually increase trade size to build resilience and improve weaknesses in trading.
  • Utilize smaller trading capital for discipline, adaptability, and continuous improvement.

Deep dives

Approach to Trading Larger Size

In the podcast episode, the speaker discusses the approach to trading larger size by drawing a parallel to free climbing without ropes. Starting with smaller positions and incrementally increasing size is emphasized as a key strategy to acclimate to the added pressure and risk of trading larger amounts. By gradually exposing oneself to larger trades, weaknesses can be identified and turned into strengths through a meticulous review process. The speaker advocates for a slow and steady progression in trading size to prevent overwhelming fear responses and to ultimately become a better trader.

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Listen to the best highlights from the podcasts you love and dive into the full episode