Best Loser Wins by high-stakes day trader Tom Hougaard tackles the truth nobody tells you: winning at trading has nothing to do with being right. Drawing on his experience risking millions per trade live on screen, Hougaard shows why ordinary thinking guarantees ordinary results — and how embracing losses is the psychological edge that separates professionals from the crowd.
Inside
- Why cutting losses fast is the real secret of winners
- The psychology of holding winners longer
- How position sizing changes everything
- Raw lessons from someone who trades size every day
A modern classic of trading psychology — blunt and refreshingly jargon-free.
Book Details
| Title | Best Loser Wins |
| Subtitle | Why Normal Thinking Never Wins the Trading Game |
| Author | Tom Hougaard |
| Publisher | Harriman House |
| Binding | Paperback |
| Language | English |
| ISBN-13 | 9780857198228 |
| Genre | Trading Psychology |
Frequently Asked Questions
When will Best Loser Wins be back in stock?
Sold out currently — join TheBooksTank restock alerts to be notified first.
Is Best Loser Wins good for beginners?
Its psychology-first approach suits any trader losing money despite good strategies.
Does it apply to Indian markets?
Yes — trading psychology is universal, from NIFTY to forex.
Will I receive a brand-new copy?
Yes — every order from TheBooksTank ships brand-new, carefully packed to arrive in perfect condition.
What if my book arrives damaged?
Contact our support within 48 hours with a photo and we will arrange a free replacement — no hassle.
Who is Tom Hougaard?
A full-time high-stakes day trader known publicly for trading live positions worth millions.
Is this his only book?
His best-known title — focused entirely on trading psychology.
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What Readers Say
The modern trading-psychology classic from Harriman House · ★ 4.47/5 on Goodreads (2,866 ratings) · 4.7/5 on Amazon
★★★★★ “What separates Tom Hougaard is that every day he trades live in front of thousands for free. He tells the awful truth — 90% of traders lose money — and is brutally honest about how he cured himself of that behaviour”
— Mark Speed · Goodreads ★★★★★
★★★★★ “A must-read for every trader. I’ve traded since 2019 with good technical knowledge but kept failing because my losses were bigger than wins. From the emotional aspects, this was the most practical book I’ve read”
— Julison · Goodreads ★★★★★
★★★★★ “Unlike most trading books I’ve read, I like the focus on emotional health — very Mark Douglas-esque. Highly recommended for traders who aren’t new to the game but aren’t yet where they want to be”
— AP · Goodreads ★★★★★
★★★★★ “Amazing book for intermediate traders, Tom really puts emphasis on the mental aspect of trading. There are key lessons I will definitely apply moving forward. Highly recommend”
— Jay Patel · Goodreads ★★★★★
★★★★★ “One of the best if not the best mental trading books I’ve read. Mark Douglas books are next but those are almost more philosophical while this one is shorter and more compact. Going to read it again”
— Tommy · Goodreads ★★★★★
Reader reviews sourced from public platforms (Goodreads, Amazon & book communities) and lightly edited for length.
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