I literally love this person. I learned so much from his book and his telegram group. I love that he releases an amount of real training without asking for anything in return. As also all the proceeds from his book go to charity.
@@adarsh_kandari1399 higher WR diminishes r:r. its the same thing. I can have a positive expectancy at .6r if i have a WR in the 70s It makes no difference if you want to focus on R or WR.
For those of you who want to buy Tom's book: be aware of the fake (and cheaper) copy which is selling on ebay... It has several chapters missing. btw, great interview Andrea! Professional questions as always.
@@Raulsta1985 idk where it is from but I told you guys about it as tom himself in his telegram channel warned everybody for 2 reasons: 1) it has some chapters missing 2) profits from the original copy all go to charity And obv it's not fair for someone to profit from someone else's work.
Highly respect Tom he's an amazing trader, i don't trade like him, but i still have massive respect on how focused and commited he is to the game, one of the best traders of our time.
Hey man, you gained my trust and a new subscriber. I am personally following Tom all alone on internet. No one else when it comes to trading. He is genius and he turned my trading skills up-side down and it changed my entire trading game. Your video popped up in Home Feed and because I watched you in that interview video of Tom, I remembered your face (honestly because of your Red glasses). And gave you a shot. Good Luck to you. You are doing an amazing job, Andrea. Lots of Love from India. 💖
it's not necessarily stop loss hunting but larger orders requiring greater liquidity to fill the orders and because many retail traders place stop losses above/below currrent high/ low so it's actually the othert way around. In other words it's because so many retail traders place their stop losses in the same area that it causes price action to go to it!
Idk why it’s so hard to comprehend for these people lol, in order to buy you need a sell and in order to sell you need a buy, price can’t keep going up or down forever
Hahaha thank you a thousand times for asking Tom about the ICT Algorithm and Stop-hunts. I allways wanted to know what he would say about this topic and I was definetely not underwhelmed by the answer
Yeah, banks do not know if its Stoploss or take profits. If bank needs to buy 500 lots of GOLD @2335 USD, they do not care if sell orders in zone 2330-2335 are take profits or stoplosses. Its a seller willing to sell their assets fot this price. Its simply in the orderbook as passive order - liquidity. If they need to buy it cheaper they might use some lots to push it down if there is basically a gap in price (very limited sell/buy orders in that area), so they lest say sell 50 lots of gold, to be able to buy 500 lots of gold in discount + on the way up buyback 50 lots used to short, which signals the market there is a buyer - bullish momentum. Market is pretty basic, if some asset is fundamentaly strong, they will try to buy it cheaper, meaning after each discount there will be lot of buying, big candles mean aggresive buy-in: A, someone is loading up B, there is not enough orders, candles have big (empty) bodies, until it reaches bigger orders (wicks).
Sometimes we have to unlearn things that our parents taught us when we were younger. What a great person Tom, his words are really powerful, and thank you Andrea for this amazing interview 🙏🏼
a leader in the space thats truely needed. authentic honesty is a wilting skill in the industry these days, its all lambos and rolexs. Tom appitamises the trader we should all aspire to be.
The market markers(MM) already have enough capital to provide liquidity to trader the real problem normally comes in pricing because the MM needs to protect his capital and make profit by providing liquidity services . There two types of MM 1, the primary MM 2, the secondary MM The primary= this are MM that can move the markets prices In the direction they want (in their profit side) because they own exchanges The secondary MM they just used a method called book liquidity system they try to put odds in there fervour by using spread/slippage and hedging if they think they are on big risk.they don't move prices but have a big advantage over a trader because they get paid taking a trade(spread). Which can easily give them an abitrage opportunity.
What to do when all your good orders don’t get activated by a few points and go on to hit targets then you take another trade and that hits the SL then.. And this keeps happening again and again.. 😌
Trading is like driving a car. There are millions of people with cars. Sometimes it seems like every car is on the road at the same time. Sometimes it seems like you're the only one driving at the moment. When you are driving alone, that's when the shady stuff happens. Same thing can happen to a trader when there is very little activity or low volume. That's when you get more attention. There are definitely traders playing games with counter trades. I do it all the time.
A person who has an edge and who put effort to come up with an edge obviously will have the psychology to trade that edge. IMO if you have an edge and you have an ok mindset you can make money in the markets. What's hard in trading is having a plan and following the plan of course that is psychological.
Obviously they do. They have to for liquidity and to get the best price. Trade with them. Enter where you would put your stop loss. It’s hard to do because when it comes down to that area you start thinking maybe you’re wrong.
If Fridays high didn't make it above lthursdays high, Monday will revisit Fridays low. If Wednesdays high is lower than Mondays high you will see a visit to wednesdaya low on Thursday.
Great interview, I love Tom H. ! -Not only retail traders place their SL there, so there's much more money than 5%. Many institutions too with impeccable risk management so they still do good, but not crazy good, as performances that a retail would expect to reach, that why they lose with same SL placement and they don't. -If no algorythm, then what? buy/ sell pressure ? how would that create similar price action patterns/ movements everytime? see red news for example, why everytime it's a similar movement (but complex) like that? for example price goes so high, means so many people are buying, and 15min or 30min later price goes so low, so many people are selling? it makes no sense. To be able to say there's no algorythm someone needs to prove there's another mechanism moving the market, and not just the fact that we were not able to prove there's algorythm :) Tom should make a serie for us on UA-cam for his mechanical strategies, despite what he said about his teaching abilities, I think we would still learn from him he's a good coach!
Honestly as a professional trade you really need to have an edge. And you must fully understand your edge. If you have phycological problem then it means you don't have an edge. You need to be able to tell if your wins/losses were because of luck or because of your edge. Meaning you can tell if yo
I'm trying to figure out if Tom intentionally lied about retail stop hunts or if he hasn't thought it through properly. Why would he say in the same interview that retail is so insignificant and yet we should enter where most retail would place stops? Strange
Well, 2 things: 1) Don't completely trust a person who talks very manipulatively and emotionally about a topic you should only think rationally about. Just pay attention to his facial expressions and gestures when he stops talking. He is acting. Not saying he is lying or not believing his own statements, but acting and purposefully manipulative for sure. 2) I don't know what markets he was referring to, but that retailers only account for 5 percent of volume is just wrong. Also, I'm pretty sure market makers, such as banks, do hunt stop losses of retail traders, which he even admitted in the next sentence, quoting his mentor, "Put your entry where others put their stop losses.", which is simplified the trading idea of following stop loss hunts.
If retail traders only make up 5% then if big money is hunting stop losses, they are in fact hunting other institutions stop losses, or each others. Never thought of it that way before.
It is hard to blame ourselves in the moment of a loss, usually a few days later we can see it that way. but in the moment it is easier to blame the universe lol
Guys you dont need to approve or disapprove his comemnts. Just open 100 charts and review them. You will then have conviction on how market works. Just test instead of forming a beleif system.
The speaker is amazing, he said that banks doesn't hunt stop losses and then he talks about the fact that placing order where retails place stops has an edge on the market 😂 If institutions doesn't hunt stop and make people loose money, how they are able to gain milions? Do they print money? Are they the federal reserve?😂😂😂
@@Andreabay90 I get your point, but think about it, have you ever heard about a bank that released a statement that show milions of dollars lose with trading? Or you have heard more likely about a 25 yo guy losing money with trading?
13:28 I did this, journaled my trades for a 100 trades marking "intuitive" trades that were based on "instinct" or whatever you want to call it and not my edge. Turns out my winrate on those was close to 0 xD Apparently I'm not as intuitive as I thought I was lmao
If Tom said he doesn't have qualities to be a good teacher, what more for those phonies with a huge trading community. God only legit traders like Tom are the ones are worthy to listen to.
Who do institutional traders compete with then? Other institutions? Or is no one competing with anyone and all just hoping to make a buck using their institutional traders analysis, win or lose? Oh and there is definitely an algorithm though no question.
they compete against each other, 5% of daily volume is made up by retail, that means the rest is all intuitional, banks, hedgefunds etc and there is an algorithm you are correct, there are perhaps thousands running, many traders use them, Jim Simons definitely used them. But there isnt 1 super computer just running the market with 1 algo lol
Tell me when the institutions and banks are selling orders who are buying them and when they are buying orders who are selling them? You say retail traders are only 5% of the volume and are insignificant so who are the institutions and banks buying from and selling too?
Other banks and institutions, hedge funds, investment funds, HTF Firms, real proprietary firms, pension funds, universities endowments, sovereign funds, commercial operators, big companies, central banks, CTAs, CPOs, certificates AND some retails
About the alghoritim u can be completly sure that’s this exists … u just need to use the DOM on charts and u will see they “pushing” and “stopping” the price like a videogame
yes they do, i trade on multiple platform. same stock, different platform. i observe on a timeframe 1 platform there is 1 hell of a wick, while the other market has not much wick. damn markets, thats how they make money, i heard someone said market is worst than gambling the house never knew your cards while the market store all stop loss if you believe they dont peek on your stop loss, maybe they are too damn angel
What a wonderful person Tom. He explains with the same enthusiasm as a child and this is fantastic, you can sense how much he loves his job.
it's nice to see Johnny Sins also being a trader.
😂
6:44
But his other job provides more bang for his buck :-) .
I literally love this person. I learned so much from his book and his telegram group. I love that he releases an amount of real training without asking for anything in return. As also all the proceeds from his book go to charity.
I subscribed very very fast Andrea, thank you so much for share with us these incredible interviews 🔥
Congratulations on a very interesting interview that was also very funny at times!🤣
Tom's a living legend. I've learnt a lot from his way of thinking about self, the others, price action et al. Great interview x
I've noticed a better win rate when I place my entries where I would normally place my stops. Patience is the key of that strategy.
if you read his book he says risk reward over win rate
@@adarsh_kandari1399 higher WR diminishes r:r. its the same thing. I can have a positive expectancy at .6r if i have a WR in the 70s
It makes no difference if you want to focus on R or WR.
@@adarsh_kandari1399 it is mathematically irrelevant , it is all about your strategy first and foremost .
For those of you who want to buy Tom's book: be aware of the fake (and cheaper) copy which is selling on ebay... It has several chapters missing.
btw, great interview Andrea!
Professional questions as always.
That would be the version from India!
Big clue is that it is better than half the price to all the other listings........
@@Raulsta1985 idk where it is from but I told you guys about it as tom himself in his telegram channel warned everybody for 2 reasons:
1) it has some chapters missing
2) profits from the original copy all go to charity
And obv it's not fair for someone to profit from someone else's work.
Highly respect Tom he's an amazing trader, i don't trade like him, but i still have massive respect on how focused and commited he is to the game, one of the best traders of our time.
Tom what a man, all the times that I hear him speak is interesting, big up Cimi!
This guy seems incredibly genuine and happy to share his wisdom. Love it! On my way to buy his book too
i highly reccommend ikt
That was a very good interview. Good guestions from you and great answers from Tom.
This interview is full of valuable concepts, just need to watch this video on repeat for a week to become profitable immediately!
Very great question selection from your side! Thanks for sharing this and keep up your great work
Psychology, Love, Risk management & Technical.
"Follow your bliss" - Joseph Campbell 🌹
Great interview. A gem. Thanks
My favourite bald trader in the industry plus Andrea Cimi ?!
It's Pop corn time ! 🍿
Beautiful format, keep grind Cimi !
thought u'd say "...plus Tom Hougaard" 😂😂😂
@@AlessandroCampodonico ahahahah
@@AlleFx My 3 favorite bald traders 🤪💣
@@scalptrend5539 ahahah love u !
Don't forget Nick Shawn
Hey man, you gained my trust and a new subscriber. I am personally following Tom all alone on internet. No one else when it comes to trading. He is genius and he turned my trading skills up-side down and it changed my entire trading game. Your video popped up in Home Feed and because I watched you in that interview video of Tom, I remembered your face (honestly because of your Red glasses). And gave you a shot. Good Luck to you. You are doing an amazing job, Andrea. Lots of Love from India. 💖
very nice. please have a full interview with him. please
it's not necessarily stop loss hunting but larger orders requiring greater liquidity to fill the orders and because many retail traders place stop losses above/below currrent high/ low so it's actually the othert way around. In other words it's because so many retail traders place their stop losses in the same area that it causes price action to go to it!
Yea retail traders often put stops where institutional entries are
Idk why it’s so hard to comprehend for these people lol, in order to buy you need a sell and in order to sell you need a buy, price can’t keep going up or down forever
@Donitsi-qb6oz u people don’t even watch ICT and say shit like this lol
@@soulunbound4882 ICT is a SCAMMER and there is NO PROOF IN HIS METHODS!
Damn you are really a beginner if you think that way💀💀💀 Learn more about it broski, markets doesn t work like that and never did
Hahaha thank you a thousand times for asking Tom about the ICT Algorithm and Stop-hunts. I allways wanted to know what he would say about this topic and I was definetely not underwhelmed by the answer
Yeah, banks do not know if its Stoploss or take profits. If bank needs to buy 500 lots of GOLD @2335 USD, they do not care if sell orders in zone 2330-2335 are take profits or stoplosses. Its a seller willing to sell their assets fot this price. Its simply in the orderbook as passive order - liquidity. If they need to buy it cheaper they might use some lots to push it down if there is basically a gap in price (very limited sell/buy orders in that area), so they lest say sell 50 lots of gold, to be able to buy 500 lots of gold in discount + on the way up buyback 50 lots used to short, which signals the market there is a buyer - bullish momentum. Market is pretty basic, if some asset is fundamentaly strong, they will try to buy it cheaper, meaning after each discount there will be lot of buying, big candles mean aggresive buy-in:
A, someone is loading up
B, there is not enough orders, candles have big (empty) bodies, until it reaches bigger orders (wicks).
You can defo see how my man is so gassed about trading. Very passionate
AMAZING! i'm super exciting to view all the interviews...CIMI INTERNATIONAL!!
Great video, glad to have some English content also Andrea
Sometimes we have to unlearn things that our parents taught us when we were younger. What a great person Tom, his words are really powerful, and thank you Andrea for this amazing interview 🙏🏼
a leader in the space thats truely needed. authentic honesty is a wilting skill in the industry these days, its all lambos and rolexs. Tom appitamises the trader we should all aspire to be.
Tom can talk about trading all week without a break and it will always be fresh and interesting. A great guy.
Find those spikes, exhaustion points. Enter where the mass places it's stop orders
What a sauce!!! really up to trader Tom? I'm really impressed...e complimenti per l'inglese
all love and respect to traderTom
Thank you bro ❤❤❤
But in reality, if the liquidity is there in the form of stop orders and large orders need pairing , it will get taken
just because you need to put your orders where others put their stop losses ... and still there is no algorithm and no stop hunts
The market markers(MM) already have enough capital to provide liquidity to trader the real problem normally comes in pricing because the MM needs to protect his capital and make profit by providing liquidity services .
There two types of MM
1, the primary MM
2, the secondary MM
The primary= this are MM that can move the markets prices In the direction they want (in their profit side) because they own exchanges
The secondary MM they just used a method called book liquidity system they try to put odds in there fervour by using spread/slippage and hedging if they think they are on big risk.they don't move prices but have a big advantage over a trader because they get paid taking a trade(spread). Which can easily give them an abitrage opportunity.
Love tom hes being passionate in the interview
I really like tom he is such a good mentor and a nice human being
What to do when all your good orders don’t get activated by a few points and go on to hit targets then you take another trade and that hits the SL then.. And this keeps happening again and again.. 😌
That was very useful information and extremely interesting...Thank you
Trading is like driving a car. There are millions of people with cars. Sometimes it seems like every car is on the road at the same time. Sometimes it seems like you're the only one driving at the moment. When you are driving alone, that's when the shady stuff happens. Same thing can happen to a trader when there is very little activity or low volume. That's when you get more attention. There are definitely traders playing games with counter trades. I do it all the time.
Great video! Thank you 🤝🏼
A person who has an edge and who put effort to come up with an edge obviously will have the psychology to trade that edge.
IMO if you have an edge and you have an ok mindset you can make money in the markets. What's hard in trading is having a plan and following the plan of course that is psychological.
Vast majority cannot follow a simple trading plan . So no!
The problem comes when you think you have an edge but in reality you don't have it.
Obviously they do. They have to for liquidity and to get the best price. Trade with them. Enter where you would put your stop loss. It’s hard to do because when it comes down to that area you start thinking maybe you’re wrong.
Love Tom, great quick fire questionaire. He is def one of the top traders of our generation.
If the stop loss represents liquid, then liquidity is not the target???
Very insightful!
If Fridays high didn't make it above lthursdays high, Monday will revisit Fridays low.
If Wednesdays high is lower than Mondays high you will see a visit to wednesdaya low on Thursday.
NO WAY YOU ARE NME BROO you are my favourite looper
car radio my favorite song
Great interview, I love Tom H. !
-Not only retail traders place their SL there, so there's much more money than 5%. Many institutions too with impeccable risk management so they still do good, but not crazy good, as performances that a retail would expect to reach, that why they lose with same SL placement and they don't.
-If no algorythm, then what? buy/ sell pressure ? how would that create similar price action patterns/ movements everytime? see red news for example, why everytime it's a similar movement (but complex) like that? for example price goes so high, means so many people are buying, and 15min or 30min later price goes so low, so many people are selling? it makes no sense. To be able to say there's no algorythm someone needs to prove there's another mechanism moving the market, and not just the fact that we were not able to prove there's algorythm :)
Tom should make a serie for us on UA-cam for his mechanical strategies, despite what he said about his teaching abilities, I think we would still learn from him he's a good coach!
Il segreto è nella risposta alla prima domanda. Fantastico!
Honestly as a professional trade you really need to have an edge.
And you must fully understand your edge.
If you have phycological problem then it means you don't have an edge.
You need to be able to tell if your wins/losses were because of luck or because of your edge.
Meaning you can tell if yo
link to volume retail study?
Glad to find u in my favorite profession NME my favorite loopstation beatboxer.
Are you on drugs?
Thanks for the great interview ❤ will you drop Patrick Nill too?
Tante lezioni di trading in soli 15 minuti 🎉🎉🎉
the final answer he gave at the end of the video was so true
Perfect interview
Nice interview. I disagree about adding to losing trades though. I think that can work perfectly if done in a controlled way
I'm trying to figure out if Tom intentionally lied about retail stop hunts or if he hasn't thought it through properly. Why would he say in the same interview that retail is so insignificant and yet we should enter where most retail would place stops? Strange
Well, 2 things:
1) Don't completely trust a person who talks very manipulatively and emotionally about a topic you should only think rationally about. Just pay attention to his facial expressions and gestures when he stops talking. He is acting. Not saying he is lying or not believing his own statements, but acting and purposefully manipulative for sure.
2) I don't know what markets he was referring to, but that retailers only account for 5 percent of volume is just wrong. Also, I'm pretty sure market makers, such as banks, do hunt stop losses of retail traders, which he even admitted in the next sentence, quoting his mentor, "Put your entry where others put their stop losses.", which is simplified the trading idea of following stop loss hunts.
Love Tom! He's a legend
why didnt you uploaded this vid a few years ago lOL, thanks mate!!
Love this
This man said he doesn't have the traits to be an educator to the masses, when in reality, he's better than 99.9% of educators in the space.
5% might be true for the largest caps but I have witnessed smaller stocks get affected by retail players on my level too!
If retail traders only make up 5% then if big money is hunting stop losses, they are in fact hunting other institutions stop losses, or each others. Never thought of it that way before.
great stuff
David Paul also said "stop needs to be where the stop needs to be"
Contenuto spettacolare!!!
Great stuff…legend of the game
It is hard to blame ourselves in the moment of a loss, usually a few days later we can see it that way. but in the moment it is easier to blame the universe lol
"you've got to love trading", but I love money...
Then get into realistate. Love trading and the money will come
I don’t blame myself or the market if I’m following my plan.
Great advice
Only here because ICT called this guy a friend. I like how he thinks though.
Tom is awesome!
TOM IS AWESOME MAN
100% B.S. I worked for a market maker. They ABSOLUTELY hunt stops. I got paid to do it.
I would love to read more about it, could you share your experience.
Yeah every thing People do is used against them.
where is your tinfoil hat, because i too can say i worked for market maker, where is the proof?
@@ProjexDtinfoil hat people are right, you look like a FOOL because you are
If you work for a market maker, you wouldn’t even be here lil bro
real OG👍
Jason Statham is a top-notch actor & trader.
not sure why is that guy considered a legend
I love his book also!
Guys you dont need to approve or disapprove his comemnts. Just open 100 charts and review them. You will then have conviction on how market works. Just test instead of forming a beleif system.
The speaker is amazing, he said that banks doesn't hunt stop losses and then he talks about the fact that placing order where retails place stops has an edge on the market 😂
If institutions doesn't hunt stop and make people loose money, how they are able to gain milions? Do they print money? Are they the federal reserve?😂😂😂
@@Andreabay90 I get your point, but think about it, have you ever heard about a bank that released a statement that show milions of dollars lose with trading?
Or you have heard more likely about a 25 yo guy losing money with trading?
Every single thing Tom says is pure money.
bro please interview shergey magala, from italy.. he always no 1 at leaderboard robbin
this guy trades like CR7 plays football. it's his life
Great ❤
13:28 I did this, journaled my trades for a 100 trades marking "intuitive" trades that were based on "instinct" or whatever you want to call it and not my edge.
Turns out my winrate on those was close to 0 xD
Apparently I'm not as intuitive as I thought I was lmao
You hardly smile while talking to Tom?
If Tom said he doesn't have qualities to be a good teacher, what more for those phonies with a huge trading community. God only legit traders like Tom are the ones are worthy to listen to.
Edge - then automate it to remove human from equation
5% that's so insignificant 😂😂
Who do institutional traders compete with then? Other institutions? Or is no one competing with anyone and all just hoping to make a buck using their institutional traders analysis, win or lose? Oh and there is definitely an algorithm though no question.
they compete against each other, 5% of daily volume is made up by retail, that means the rest is all intuitional, banks, hedgefunds etc and there is an algorithm you are correct, there are perhaps thousands running, many traders use them, Jim Simons definitely used them. But there isnt 1 super computer just running the market with 1 algo lol
If you can't see through the shenanigans of trading gurus, you're not ready for the rigors of the market.
Tell me when the institutions and banks are selling orders who are buying them and when they are buying orders who are selling them? You say retail traders are only 5% of the volume and are insignificant so who are the institutions and banks buying from and selling too?
Other banks and institutions, hedge funds, investment funds, HTF Firms, real proprietary firms, pension funds, universities endowments, sovereign funds, commercial operators, big companies, central banks, CTAs, CPOs, certificates AND some retails
It’s a war between big fishes
@@AndreaCimi I see, thank you. 😊
Your job as a trader is to take what the market will give you...yep. Absolutely.
Searching for liquidity is another phrase for brokerages stealing as much money as they can from small traders
what a wondergul person
About the alghoritim u can be completly sure that’s this exists … u just need to use the DOM on charts and u will see they “pushing” and “stopping” the price like a videogame
Of course there is no algo "controlling" the market. There are millions of participants and algos battling.
yes they do, i trade on multiple platform. same stock, different platform.
i observe on a timeframe 1 platform there is 1 hell of a wick, while the other market has not much wick.
damn markets, thats how they make money, i heard someone said market is worst than gambling
the house never knew your cards
while the market store all stop loss
if you believe they dont peek on your stop loss, maybe they are too damn angel
Very nice interview.. but.. your thumbnail is not respectful for Trader Tom.
Why