Trading Psychology Event  About Tom Hougaard  Part 3 - video Dailymotion

Mr Shaw Official

#forextrading #cryptotrading #stockstrading #psychologicalanalysis #technicalanalysis #fundamentalanalysis #marketanalysis #tradingonline #earnonline #tradingonline

Transcript

00:00I haven't actually really thoroughly introduced myself in the sense of how did I end up being here.

00:14About 25 years ago I read this book.

00:16I was a young man in Denmark, I was just turned 20, and this book was my epiphany.

00:23I realized I want to go to Britain, I want to study.

00:26So I read Liar's Poker again, where could I study, London School of Economics, etc., etc.

00:34I worked two jobs, because back then there was no government support,

00:38so I took myself through two university degrees by my own velocity.

00:42But I was stinking lucky, because in 1992 Britain was fighting a currency relationship they had

00:50called the European Exchange Rate Mechanism,

00:52and it was a dreadful, dreadful thing to be part of,

00:56because it meant they had to protect their currency within a ban versus other European currencies.

01:03And I was incredibly lucky, ladies and gentlemen,

01:06because if I had walked down to the bank just a month earlier,

01:09I would have gotten nowhere near the amount of money that I did

01:12when I exchanged my Danish kronos into British pounds.

01:15And I more or less, it doesn't happen often, but I more or less caught the low.

01:22I made an extra 30% on my savings, which meant that I could afford to take a master's degree

01:29at University of Birmingham, where I studied money banking and finance.

01:34After which, I started working for J.P. Morgan,

01:37and for those of you who are the early sign-ups, I never traded for J.P. Morgan.

01:42I think it's very important to make sure that, you know,

01:46the saying is that a lie can travel halfway around the world before truth gets out of bed.

01:51And I didn't want a knock-knock from J.P. Morgan saying,

01:54you never traded for us.

01:55I certainly, most certainly did not.

01:57I traded for myself, I traded for others, but I haven't traded for J.P. Morgan.

02:01As much as I would love to trade for J.P. Morgan,

02:04I think I could have done a better job of some of them.

02:06I worked for J.P. Morgan for three years, and then I became a home trader for 18 months.

02:13And, ladies and gentlemen, you would have laughed at the way I traded.

02:17It was hilarious.

02:18I didn't actually have a computer.

02:21Do you know how I got my charts?

02:24Back then, we had Teletext.

02:26Do you, the older generation that are present here,

02:29do you remember Teletext where we could get,

02:31it was like an early version of getting news on our mobile phones?

02:34Well, every third minute, Teletext would update the quotes from the stock exchanges.

02:40So I sat there on the refresh button.

02:42Every third minute, I would write it down,

02:44and then I would actually chart it by hand,

02:47until one day, my brother took pity on me.

02:49He worked for IBM, and he said,

02:51I have a second-hand computer you can have here.

02:54And I finally got a computer.

02:56But it didn't last long.

02:58The result was predictable.

03:00Of course it was predictable.

03:01I was never going to make money trading on a tight budget.

03:07And 18 months later, I accepted a job at a company called Financial Spreads,

03:12later Citi Index.

03:14Over the next decade, I was a broker, an analyst, chief market strategist,

03:19until 2009 when I left, and I've been trading for myself ever since.

03:24And I'll see you next time.

Trading Psychology Event About Tom Hougaard Part 3

Category

Transcript

Be the first to comment

Recommended