£700 in 10 minutes, Tom Hougaard and the London Forex Show
I think it’s always important to keep yourself learning when it comes to trading. I’ve been rather quiet lately as I’ve other things happening in my life which I knew could affect my trading and after a little while, I felt a bit out of touch with the markets when I went back to have a look at them. Friday gone, I went to the London Investor Show at the Kensington Olympia. It’s good to see what new developments there are in the trading scene and meet like minded people. They had a whole series of workshops and I went to a couple of those. The one which I enjoyed most was Tom Hougaard and his “Live Trading” seminar where he was to trading live for an hour! However, the slot that he had been allocated was a lunchtime slot when most traders are out of lunch and hence volatility is low… hence not great time. Still, he did manage to put on a trade which actually didn’t do too much and he closed it for a small loss.
However, he did have his trading screen up on the projection as you can see and had some profits which he had banked earlier. If you zoom into the picture you can see that he had placed 5 trades between 10.34am and 10.47am and made a healthy profit of £68, £260, £100, £30 and £228 = £686 or approximately £700! Not bad for just over 10 minutes work.
He talked about a few things to pass the time if there weren’t many trading opportunities – harmonics, the ‘high five’ set up, ‘master and servant’ and the ‘morning trade’.
Very educational, I enjoyed it and Tom seems like a really nice guy too!
I remember Tom Hougaard from City Index he is one of the few that makes sense and is very good at explaining trading.
Yes, he’s a nice guy too!
Tom Hougaard is basically a punter …throws a bit a size around and often upsets the bookies trying to spiv between their prices especially before the official 8.00 am London open. He is arogant and many have lost money following him on his FTSE-DAX spread trades. He makes his money at shows, selling his FX courses and operating a trade room.
He wa fired from City Index – fact.
thank you for the kind comments.
FACT: I was made redundant, together with 70% of City Index. Sadly, but a fact. It was just around Lehman Brothers fell. Bummer. It was a good job.
As for the trading room and me making money on courses. I don’t recall selling ANYTHING at this show or at any other show in a long time.
And the spread trade (while we are at it), well sometimes they work, and sometimes they don’t. There has been some amazing ones and some real stinkers, where I didn’t cut the loss quickly, but the room was still net net profitable. It will open again in October. I am currently researching.
Hi Tom, thanks for the reply! Good to see someone like yourself visiting the blog. The world of trading is constantly changing and to be able to make money over time requires a lot of work and dedication as you know. Good luck with the research and I look forward to hearing from you again!
Hi Tom
Hope the research is going well – I’d still like to have a chat with you regarding the arbitrage I briefly mentioned last year – if you’re in London and you have an hour or so free, perhaps you could email me on my hotmail account and we could meet over a wheatgrass and carrot smoothie (not!)
Say “Hi” to David if you still keep in touch
Best regards
Peter