Subscribe: iTunes / Spotify A self-fulfilling prophecy is a prediction that comes true because someone believes or expects it to come true. This concept is very alive and well in trading. I actually refer to it quite often and it’s not always in a negative way. It has its place in certain situations, although it has a very “soft” use. It sort of gets into the concept of subjective versus objective. A few Podcasts back I talked about the difference between subjective and objective when it comes to trading in general, but this is specifically regarding what we look at for price action.…
Author: Paul Lange
Subscribe: iTunes / Spotify This podcast is about the difference between being “long” stock positions and being “short” stock positions. It’s going to come to you at several different levels. I find a lot of new traders don’t even understand or are not even familiar with the concept of being “short”. I want to explain what it is and discuss two unbelievable myths about “short selling”. I also want to explain why it needs to be a part of your arsenal no matter what time frame you trade. I also want to discuss the advantages of shorting over being long when everything else…
Subscribe: iTunes / Spotify Okay, this may be a little bit of a boring topic for a podcast. At least to the average person. However, as I have mentioned in some prior podcasts, oftentimes these boring topics are the most important when it comes down to the final strokes of making a good living in the market. I also have to continue to remind myself that while some of these topics seem obvious and boring, to many new traders they are completely new and a lack of understanding of some of these concepts will make it impossible to make money consistently. This will…
0 Subscribe: iTunes / Spotify Lack of patience is probably one of the greatest trader-killers out there. If that grabs your attention, it should. In my experience, when a trader starts to develop technical skill and starts to potentially become profitable, it is the lack of patience that ends their career. Lack of patience is related closely to FOMO and they are both concepts that you need to handle if you truly want to be a disciplined trader. Without discipline you will lose. Understand that first you need the technical skill, but oftentimes traders with the technical skill don’t have the discipline to…
Subscribe: iTunes / Spotify Don’t let the title fool you, this has great information. If you are going to learn how to trade, there are many pitfalls. There are enough natural pitfalls out there, like the fact that trading is counter-intuitive. But there are ‘man-made’ pitfalls as well. Most everything you view, read, or hear will be incorrect. Some through ignorance, some through design. 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 important enough for its own podcast. • Formal definition – from two different sources. • Simple definition. • What is NOT a technical Indicator. • Cool kids. • What you can use them for. • What you cannot use them for • The dangers are huge. They END careers. Here are the charts to follow along: Chart 1: Chart 2: Chart 3: 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 podcast is short and sweet and to the point. The more complete title should be, “the absolute way you must view the market to make money, which would shock the average person, even the average person in the market”. It will in a sense, summarize some thoughts of prior podcasts, and lead to a conclusion that you must hear, if you really want to understand how to trade/invest properly. 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 I don’t want to give anything away but some of you who have been listening for a while may be thinking that there is a little sarcasm in the title of this podcast. This is going to cover several important topics including a couple of favorite lessons from a book, those cookie-cutter patterns, the language of charts, and pictures of learning. A good rule to follow is that nothing is as it seems when it comes to trading. Here are the charts to follow along: 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 In almost anything you read or listen to about trading, you will likely read or hear that trade management is important. This is not accurate. Trade management is more than important. It is critical and will eventually determine your fate as a trader/investor. Traders that can read charts but cannot put the money in the bank are a dime a dozen. It takes some skill to read a chart, but many traders then get stuck in “breakevensville” for a long, long time. To me, management is way more involved than it is to most. It is not only how…
Subscribe: iTunes / Spotify There is a section called “Look for the Pitfalls That Stop Most” that is toward the end of the free course that I do for everybody called, Introduction to Mastering Technical Analysis. It’s a half-day course that is packed with some great information. I mention that because, as a trader/investor, today’s topic is one of the key pitfalls that often make it difficult for anyone new. Or in many cases, even more experienced traders struggle because of today’s topic. I see it all the time. Today’s podcast is going to cover some of the downfalls of listening to the…
Subscribe: iTunes / Spotify I think this has become one of my favorite small topics to pick on, as I probably mention one or two of these when talking about other topics. I also did an event with a similar title. It’s an important topic because so many people go off looking for some training and there are an awful lot of things you read and see that vary from being at the least, not useful, and at the most, being downright wrong. You may be surprised at some of the “useful” comments and sayings that I feel are just dead wrong. Another…
Subscribe: iTunes / Spotify Is the market a random walk? Well, you have to listen to the podcast to get that answer. The answer may surprise you a little bit, but the answer also has what I consider to be one of the greatest concepts you need to understand to be a successful trader or investor. I’m going to talk about my 97% rule and how I stumbled across it many years ago. We will also discuss the market being a zero-sum game (at any given moment), and how that helps answer the question. Set up a free coaching session with Paul:https://calendly.com/dts-paul/coaching-session-w-paul The…