Is Tom Hougaard the real deal?

[Georpe]

He's basically trading with a 1:1 return on risk (sometimes lower than 1), trading a standard size, but even though the size is constant the stop losses and take profit levels vary. So one trade he might take a 30 point hit, and other 60, so he'll lose $3k one trade and $6k another.

His stops are wide as hell and seems to be selling into support or buying resistance, with a wide stop above the previous swing high or below the previous swing low. Price tends to retrace deeply towards his stop immediately after entry.

Seems like basic "Support breaks, sell it, resistance breaks, buy it" with wide stops and then just hoping for runners.

I read through more of his Telegram. He basically says: "Entries are static, profits/exits are not. Use your own best judgment" but then proceeds to not explain what that judgment is or how to use it to profitably exit the trade. Sounds like the same vague advice everyone gives in books/courses/videos that no one ever explains how to do with precision.

A lot of his trades seem to go 0.5x in his favor and he considers it "profitable", but unless he is hitting getting out to the tick on a reversal he isn't coming away with much.

I'm pretty much calling bullshit on it, and to me at least, this is a closed case. Thanks to everyone who responded and provided insight. Despite what other cheerleaders say about this guy (not you guys but others have mentioned him) I'm going to ignore him.

It's always a balance between probability, risk, and reward. He scalps so what's bullshit about large risk with small reward but higher probability? There are people that explain/write about how to trade like that, but studying it seems to involve doing more work than what most active posters on ET feel like doing.

 

[Laissez Faire]

It's always a balance between probability, risk, and reward. He scalps so what's bullshit about large risk with small reward but higher probability? There are people that explain/write about how to trade like that, but studying it seems to involve doing more work than what most active posters on ET feel like doing.

The OP is delusional and appears to be wanting something for nothing. Not understanding the trading industry, his role in it, and thinking he’ll find someone online (for free or for a fee) which will hold his hand on his path to become a zillionaire.

 

[TrAndy2022]

One needs to look at his performance reviews on telegram or website, where he posts his PNL. I figured out the average trade is just 2 points on Dax, that is nothing, if you consider slippage. He has so many followers that if just 10% of them are following and trading this with Tom they make the market and cause this kind of slippage. There is a reason he does not trade EURUSD or S&P500, there he cannot do that foulplay. I would avoid him. All his profits just can be because of his followers causing some slippage in his favor and then he can close his position with a quick profit when everyone jumped in.

 

[maxinger]

One needs to look at his performance reviews on telegram or website, where he posts his PNL. I figured out the average trade is just 2 points on Dax, that is nothing, if you consider slippage. He has so many followers that if just 10% of them are following and trading this with Tom they make the market and cause this kind of slippage. There is a reason he does not trade EURUSD or S&P500, there he cannot do that foulplay. I would avoid him. All his profits just can be because of his followers causing some slippage in his favor and then he can close his position with a quick profit when everyone jumped in.

targeting 2 points profit for Dax is extremely horrific!
Only newbies do such a thing.

Day traders target 30 points minimum for dax.
And for swing traders, it should be much much more than 30 points.

 

[BartSimpson]

The OP is delusional and appears to be wanting something for nothing. Not understanding the trading industry, his role in it, and thinking he’ll find someone online (for free or for a fee) which will hold his hand on his path to become a zillionaire.

Literally just asking questions on possible educators. Never mentioned wanting something for nothing. If you don't like what I'm writing then feel free to leave and not post here. No one asked you to join the conversation.

 

[BartSimpson]

One needs to look at his performance reviews on telegram or website, where he posts his PNL. I figured out the average trade is just 2 points on Dax, that is nothing, if you consider slippage. He has so many followers that if just 10% of them are following and trading this with Tom they make the market and cause this kind of slippage. There is a reason he does not trade EURUSD or S&P500, there he cannot do that foulplay. I would avoid him. All his profits just can be because of his followers causing some slippage in his favor and then he can close his position with a quick profit when everyone jumped in.

He trades CFDs though. Would this still be an issue?

 

[BartSimpson]

targeting 2 points profit for Dax is extremely horrific!
Only newbies do such a thing.

Day traders target 30 points minimum for dax.
And for swing traders, it should be much much more than 30 points.

I think Andy is wrong. The excel file I downloaded showed take profits of around 30 points and he held for minutes/hours.

 

[Laissez Faire]

Literally just asking questions on possible educators. Never mentioned wanting something for nothing. If you don't like what I'm writing then feel free to leave and not post here. No one asked you to join the conversation.

You spent less than half a day in his room and you're already an expert on the guy. Says it all.

 

[Tradess0610]

The OP is delusional and appears to be wanting something for nothing. Not understanding the trading industry, his role in it, and thinking he’ll find someone online (for free or for a fee) which will hold his hand on his path to become a zillionaire.

Reminded me of Alice: https://quotesgram.com/img/to-go-which-way-cheshire-cat-alice-in-wonderland-quotes/9993761/

 

[speedo]

Tom is for real but if you are looking for the technical Holy Grail you are pissing up a rope. Hougaardt is an average technician...what he is though is a disciplined trader who runs his winners and cuts his losers. And unlike most, he scales IN when price is moving in his direction. The key to his success as is the case with nearly all successful traders is his discipline and ability to overcome fear to do what needs to be done with steady consistency.