Subscribe: iTunes / Spotify There is an entire category of comments you’re not likely to ever hear when you’re learning to trade. That is because they are unsavory and not things a lot of people like to talk about. That’s exactly why they can be the most helpful comments. I discuss these all the time. I have a fairly long list I will discuss in this podcast. It includes things like, as one example, dealing with losing trades, not just from a technical analysis perspective, that’s easy, but rather from a psychological perspective. Set up a free coaching session with Paul:https://calendly.com/dts-paul/coaching-session-w-paul The DTS…
Author: Paul Lange
Subscribe: iTunes / Spotify Some recent events and a new DTS Question of the Week email sparked several comments and questions that generated this podcast topic. I don’t want to describe it too much or I may ruin the effect of this podcast. I do want to add that perhaps I didn’t and with the correct concluding line. If it isn’t obvious, the conclusion is simply this. If you follow these misperceptions, it is a factual certainty that you will lose money. Set up a free coaching session with Paul:https://calendly.com/dts-paul/coaching-session-w-paul The DTS Free Stuff Page:https://disciplinedtradingstrategies.com/free-stuff To learn more, visit:http://disciplinedtradingstrategies.com Listen to more episodes…
Subscribe: iTunes / Spotify While it is not normally the case, this podcast is a takeoff from an hour-long live DTS Educational Event I did last week. The reason I’m doing that is because this is what seems to be a very hot topic. Everyone has tons of questions about how these technologies may or may not affect traders, whether they are long-term or short-term, and whether there’s any way to benefit from them. Also this topic is one that is near and dear to my heart in terms of what I teach so deserves some special attention. Set up a free coaching…
Subscribe: iTunes / Spotify This episode touches on the importance of understanding market pullbacks/corrections/all-out crashes even though the market is up the majority of time both pricewise and timewise. It discusses the truth about why markets crash and there can be no argument about what the truth is about market crashes. There’s also a fun discussion about the relationship between the market and Ponzi schemes although that is more of a theoretical talk then it is helpful to your trading. Set up a free coaching session with Paul:https://calendly.com/dts-paul/coaching-session-w-paul The DTS Free Stuff Page:https://disciplinedtradingstrategies.com/free-stuff To learn more, visit:http://disciplinedtradingstrategies.com Listen to more episodes on Mission…
Subscribe: iTunes / Spotify Most traders are wired to trade a certain way. Everything is a “breakout” to them whether it occurs on a weekly chart or a one minute chart. That poor wiring for most people is why so many people lose trading or investing in the market. Understanding that the price action that occurs is usually the reverse of how people are wired is important. This podcast goes into several broad general topics about understanding the bigger picture of price action. Set up a free coaching session with Paul:https://calendly.com/dts-paul/coaching-session-w-paul The DTS Free Stuff Page:https://disciplinedtradingstrategies.com/free-stuff To learn more, visit:http://disciplinedtradingstrategies.com Listen to more…
Subscribe: iTunes / Spotify While I have done an awful lot of podcasts, none are directly titled about psychology. This one says “More on Trading Psychology” because it has been mentioned in many prior podcasts as it is obviously a large topic, and rightfully should be, for many traders. However, for many traders, they don’t have the right to even claim psychology because they are not at a level where psychological issues can even affect them yet, but yet they will blame psychology and never focus on the real problem. When you get to the level where psychology may matter, there are a…
Subscribe: iTunes / Spotify This is a very timely discussion I think most of you will appreciate. It discusses several things including the different ways that traders can handle an extended bull market or when it transitions to pull back or a bear market. It discusses the psychological problems traders often have that can end up causing huge losses, and how to potentially deal with them. Set up a free coaching session with Paul:https://calendly.com/dts-paul/coaching-session-w-paul The DTS Free Stuff Page:https://disciplinedtradingstrategies.com/free-stuff To learn more, visit:http://disciplinedtradingstrategies.com Listen to more episodes on Mission Matters:https://missionmatters.com/author/paul-lange
Subscribe: iTunes / Spotify This is a higher-level discussion that you all may not relate to. If you are new, you may simply tune out as it seems like a bit of an abstract discussion. But for many of you who have been involved in the markets, you may find it refreshing and may learn something from the conversation. It’s an in-depth discussion about what is really at the heart of making money and some of the names that we commonly use. Methods, systems, strategies. What is it that defines exactly what a good trade is? Set up a free coaching session with…
Subscribe: iTunes / Spotify When your hairstylist is buying Tesla. Is that part of technical analysis? My first for podcasts I discussed why about 6% of the world does not even need to listen to these podcasts, why fundamentals and news will never directly make you a penny, and then wrapped it up on the next podcast by talking about how you make money with technical analysis. I wanted to follow-up with some more concepts just in simple English about why technical analysis is so phenomenal. And why it is maybe a little misunderstood. Like everything I try to teach, I believe that…
Subscribe: iTunes / Spotify I have mentioned these two words in at least one or two other prior podcasts. I received a couple questions about what exactly I mean when I use these words in trading, and this is definitely worthy of an entire topic. Naturally the words in English are fairly easy to define and understand, and yes that is the general meeting that they have been trading. But specific examples can show you how they can be confusing and harmful to your trading. Tune in for more. Set up a free coaching session with Paul:https://calendly.com/dts-paul/coaching-session-w-paul The DTS Free Stuff Page:https://disciplinedtradingstrategies.com/free-stuff To…
Subscribe: iTunes / Spotify This is actually a great topic. Yes, this is episode 54, and I’m still calling things great topics as if they should’ve been the first thing you heard. There is such tremendous misconception about the skills needed to trade/invest for yourself that it leads to two issues. Some people who try to be geniuses and focus on the wrong things, and people who simply just don’t try because they figure they don’t have the ability to make money in the market. Set up a free coaching session with Paul:https://calendly.com/dts-paul/coaching-session-w-paul The DTS Free Stuff Page:https://disciplinedtradingstrategies.com/free-stuff To learn more, visit:http://disciplinedtradingstrategies.com Listen…
Subscribe: iTunes / Spotify Note for the faint of heart… A quick word if you are very new. When a trader takes a trade, that trader will always (should always) have a point at which they feel the trade is no longer working and therefore have to exit. This protects the account so that you don’t take your account down to zero hanging onto garbage. That level at which you exit is called your stop. You can stop out of the trade by sitting there and hitting a button or you can stop out by putting an automatic stop in your trading platform…