Can you handle losing? Best loser wins breakdown | Traders’ Playbook Ep. 4 (non-EU clients) #deriv

Can you handle losing in trading? 🤔 In this episode of Traders’ Playbook, we dive deep into “Best Loser Wins” by Tom Hougaard — the brutal, brilliant guide to mastering the psychology of trading.

Unlike most trading books that focus on technical indicators or strategies, Hougaard’s approach is mental, raw, and highly personal.

Discover why becoming the best loser might just be the key to winning — and how you can apply his mindset to your own trades.

💡What you’ll learn in this video:
- The mindset behind Hougaard’s £1M trading year
- Why losing trades are essential for long-term success
- Contrarian thinking: the hardest skill to master
- Stop loss vs trailing stop: what Hougaard really thinks
- How retail traders can build mental discipline

Real talk: Can taking profits actually harm your edge?

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Timecodes
0:00 Introduction: Best Loser Wins by Tom Hougaard
0:36 What Makes This Book Different?
1:19 Hougaard’s Mindset and Daily Trading Routine
1:54 Rethinking Loss – The 'Best Loser' Concept
2:45 Contrarian Thinking: Mindset Over Strategy
3:35 Practical Tips – Can Retail Traders Apply This?
5:21 Trailing Stops vs. Letting Winners Run
5:45 Journaling and Developing a Mental Checklist
6:18 Building Mental Strength: Practical Application
6:36 Flaws, Praise and Who It's For
6:58 Final Thoughts
7:27 Next on Trader's Playbook

This content is not intended for EU residents.

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