S03E06: Tom Hougaard: “It’s the best loser that wins”
Talking with Traders
Importance of Reflection in Trading
Reflecting on past trades and outcomes is crucial in trading as it helps in warming up the mind to the mindset needed for successful trading. Without this reflection, traders may make impulsive decisions such as taking profits early, leading to unfavorable outcomes. Despite being logical and well-educated in other aspects of life, many traders struggle with trading, emphasizing the significance of tuning into the right mindset for trading success.
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