The Biggest Mistake New Traders Make
📢 Tom Hougaard on Why Most Traders Struggle
Many new traders start with naïve expectations, believing they can easily make money in the markets. The biggest mistake? They follow the conventional route—trusting brokers, weekend courses, webinars, and books, hoping for a magic formula.
Tom Hougaard explains why this approach rarely works and how he personally fell into this trap. At some point, every trader must decide:
🚨 Keep riding the rollercoaster of wins and losses, or reinvent yourself as a serious trader?
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I think many aspiring Traders start off
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with a with a naivity because making
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money in the market is difficult I think
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the common mistake is that they go down
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the conventional route so with the
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greatest of respect to the Brokers but
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the Brokers are not Traders the Brokers
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are there to facilitate a platform
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between the user and the market and
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that's their role but new clients or new
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Traders they they hold on to anything
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that they think is going to guide them
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towards uh their their goals be it
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weekend courses or endless amount of
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webinars or books and I've been down
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that route myself of course I have
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because the lack of of better knowledge
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what else would you turn to but there
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comes a point when either you say I
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can't carry on like this either I will
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reinvent myself as a Trader or I'll
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simply stop trading because I can't keep
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being on this roller coaster of making
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and losing
