Trade Like a Pro – Stop Thinking Like a Shopper!
📉 The Biggest Trading Mistake – Tom Hougaard reveals why most traders fail by thinking like consumers instead of traders. The market doesn’t care about “cheap” or “expensive”—it only moves with supply and demand! Learn how to shift your mindset and stop falling into this psychological trap.
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You cannot be afraid of buying something
that has already moved up significantly,
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or you shouldn't be afraid of selling something
that has already moved down significantly. And
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that's where the vast majority of people
go wrong. When the market has fallen a lot,
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they won't be looking to sell short; they'll be
looking to buy because they think it's cheap.
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But the market doesn't operate with
these principles of cheap or expensive.
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The market just has the prevailing
price. But psychologically, that's
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very difficult for us to accept because we
are so brainwashed. We go to the supermarket,
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and we see Pepsi Cola costs X, but Coca-Cola
is half the price of Pepsi. So we all gravitate
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towards Coca-Cola because it's cheaper. But cheap
in the market is a market that is going down.
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We don't want to buy that; we want to sell it
short. So the whole balance of being one person in
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real life and another person in the market—that's
what makes trading so incredibly difficult.
