Could you post up screenshots of the spreadsheets you speak of? Maybe post up a couple screenshots of trades he called in realtime that you made money with?
Sorry, no. I can't be bothered. I don't care if nobody believes it. I'm really just answering the main quesion of this thread because I have first hand experience. It really helped me because I had a lot of the usual fear-based problems like getting out of profitable trades too early. It's good to watch someone who has overcome that. If you want to see for yourself, go sign up with him. It's all completely free. He'll be back in early June apparently. Watch him trade while you look at the market. All the spreadhseets are there with links to when he posted them in real time. You'd see a lot more than if I just posted a couple of random winning trades.
I tracked his trades called out in real time for several weeks just before this recent hibernation, and can also vouch for his real time calls. I have also read his book and some of the essays that he has posted on his website. His deep analysis of why traders lose was excellent, and his thorough discussion about the pain of trading was like he was talking to exactly me! But while reading his book, I couldn't help but feel that the trades I was seeing didn't exactly follow the patience principle. Yes, he does want a runner, but he also often takes quick scalps. I'd say only 1/3 of the time does he ever hold a trade for a significant move, like 20 minutes or more. He does add to winners, and never to losers, so that is good, but I would say that only half the trades were more than just scalps. Now saying all this, there were also many times where he had a good profit that turned into a break even trade, so taking profits seems to absolutely necessary, but I just wanted to highlight to anyone reading that the secret isn't just putting on a trade and waiting for a big profit. This is perhaps why Tom is the best resource that there is out there. Its easy for anyone to discuss how they trade or share their setups, but watching it live is a whole different animal. I would never listen to trading advice unless I saw it implemented live, and here with Tom as well, you can see that half of the time he is doing something that you wouldn't think based on what he has written. Clearly these trades might all be different strategies, so I have no idea what his initial idea is for all trades, but its not like his wins are always a multiple of the losses.
Hi All, Just signed up and this is my first post. I noticed there was a bit of back and forth name throwing between the original poster and some others as to whether Tom Hougaard was the real deal or not and I would like to add my comments coming from a long experience of listening to Tom, following his posts live and generally seeing how consistent his trading is with what he preaches. So here we go.......................Tom posts all his trades live on a telegram account that you can sign up to for free. He typically will tell you if he is trading a specific day or not and generally his calendar for the weeks ahead but things can change at short notice so he won't be there every single day when everyone wants him to be. He has 26k subscribers on his Telegram account. When he is trading live I think it usually amounts to anything from 1k to 2.5k. I can't remember exactly but there are a lot of people listening live (10% of his total or less). He tends to trade DAX, FTSE, DOW and NASDAQ on the Day trading channel. He has a swing channel for FOREX but not a lot of trades and I don't personally follow. His trading style: He absolutely bangs on about the mental side of trading for a good reason. He knows everyone can find a set up, or what can be descibed as an edge, everyone can back test that edge to see if it will make money but when you're at the coal face and that trade is live and going against you will you just extend that stop loss a little cos you can't bare to face that loss or worse have no stop at all. Will you be so scared to to let your winner run cos you're scared you'll lose it. He posted some research by a CFD broker that showed that approx 60% of trades were profitable and 40% were losses. But the losses were much greater than the winners so you end up losing and that's the key reason so many people fail at this. His Trading: I noticed some comments made about how he trades and I agree with some commentators that he is often looking for a break out to happen, whether that's a move up or down above a point i.e yesterdays high or low. Or whether it's a double bottom/top that he likes to trade and I agree it can be sometimes hard to know and see exactly his mindset for taking a trade unless he clearly states it but I will say this. He pretty much always has the same stop losses in place when he trades DAX 30 points/pips, DOW/Nasdaq 50 points/pips, FTSE 10-15 Points/pips. I have watched him hit countless stop losses and never ever once saw him move a stop loss below his original and I have seen him stopped out loads of times sometimes by a point or 2 and the market suddenly moves in the direction he wanted (we've all been there I am sure) and whilst he might curse he moves on very quickly. That is consistency. I have never ever seen him add to a losing trade. If he gets stopped out he accepts he got it wrong or his timing was wrong and he moves on. I have seen him add to winning trades plenty of times but I will say I don't often see him hold them for a long time after. For example: I have seen him buy the dow, it goes in his favour, he adds and it continues in his favour, stop losses are moved to break even so we now have a no lose trade. When the market makes another move up he tend to take profits (a very successful and profitable trade) but I have not seen him just let it run for the next hour or 2 and see where it goes and whilst he may have walked away with 100 points or more when the day ends it could have been 400 points. I would like to see that as he does highlight he'd be annoyed to not see where that trade could have gone. He has posted various items about edges he has found which you can trade. I will list a few and attach related documents: School run strategy Advanced School run Strategy ( I have not tested or looked at in detail yet) What happens when Tuesday is a trend Day How to trade FOMC (Rule of 4) There are more but you will need to DYOR Is he a fraud? He is 100% NOT a fraud. He does NOT sell courses. He has NO subscription charges to his channel. You're under NO pressure to use the same Broker as he does. He has to PAY someone to look after his website, to update his spreadsheets and on a very odd occasion he posts a donation link for anyone who wishes to assist in the running of the channel but you're under NO obligation to do so. He does have a book for sale but a huge amount of it is covered in the various documents he has on the Telegram channel. He actually gave away some of the book (not the final draft for FREE on his channel) I will upload to this post. I have seen him win and lose live countless times, I have been in those same markets at the same time and can categorically say his entries are real time. I have seen him have absolute stinkers of a day as well as great ones and he does not hide behind any of the bad ones, he doesn't try to find excuses and he accepts that this is part of the mental game you will face if you want to become a successful trader. He talks a lot about the process so he reviews his trades and asks if he did the right thing in buying at that time and often the trade reasoning was correct but it didn't win and we all have to accept that no system/strategy works 100% of the time so you will have losses. Can you follow his trades and make money? Absolutely yes but I will caution that there is often a tiny bit of latency on the streams as well as the time it takes you to react and close out a trade. So, he can get out of a trade and make 15 points and by the time you have reacted and closed out you might be on 8 points but equally you could be on 20 points especially on the DOW/Nasdaq that can move very quickly but all things being equal this should even out and if at the end of a month he made 500 points and you made 480 points I don't think too many would complain. I personally think he has had a bad start to 2023 despite being highly profitable and he'd probably take offence at the very suggestion that someone who has more than doubled there account has had a bad start but I think he could trade better and have seen him do so. I think it's down to the amount of time he spends answering emails, talking through trades and all the other things that would come from having 20k subscribers to your channel. I would like him to stream and focus purely on what he's doing as he can often be distracted and I think that ultimately is why he has needed to take a break in 2023. Someone asked about his actual trades and results that are all available on his telegram account. I have attached lots of info for you all and I wish you all the best with your trading journey.
Again you get mad if you want to copy him. His average trade is less than 2 points on his indices short term trades. He does not trade the much more liquid SP500 for a reason I suspect. Because he cannot move it by 2 points than the other indices when 100 or 200 of his followers do follow him and trade with him. You are only part of his lemmings, like a sheep to be slaughtered later. Good luck if you can follow him with similar results. Then you can double your account every month I guess, because of his tight risk management. Until you reached the same trading size as Tom. Then you cannot increase your size because there is no more liquidity to be added for his average trade of 2 points on Dax or Dow. You cannot trade 100 lots on DAX for 2 points on average. If you did this on CFD you get much worse fills on any CFD broker because on the underyling futures market it cannot be replicated, so any market maker on the futures contracts would stop you here from profiting more. I would say you cannot follow him, but if you can without any slippage, just trade and get rich by him. But be warned! It is not that easy with this very tight profits! Just do basic maths on his excel sheets of trading performance. And you need to be higher alerted with the need of an electro shocker, everytime he announces a trade entry and exit. Because if you already miss his 2 points average trade net performance because of slippage...you loose in the end only.