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…
Author: Paul Lange
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…
Subscribe: iTunes / Spotify When a trader says that a trade was “risky”, what exactly does that mean? I hate to say it but in the absence of any other information it means that the trader is very novice. Risk can have a lot of meanings, and I want to review each of those as they are critically important to your trading. Maybe it’s just semantics, but saying any trade is risky is very difficult to define. The true definition of a trade being risky, is not anywhere near how most traders would define it. Without understanding all the implications of risk, you…
Subscribe: iTunes / Spotify This particular podcast is actually based on an article that I wrote, well, quite a long time ago. But it was one of those that received many comments for a long time, and I felt it helped a lot of people. It discusses stages most traders go through, and where they often get stuck. Obviously, many of the comments in this podcast are concepts that I say frequently, but a lot comes together in this podcast and this will likely hit home with a lot of newer or struggling traders. Set up a free coaching session with Paul:https://calendly.com/dts-paul/coaching-session-w-paul The…
Subscribe: iTunes / Spotify This is a big one to me because it gets at the very heart of what we do as traders/investors and also addresses what is perhaps one of the biggest mistakes made by traders across the board. This has to do with selecting trades on simple ordinary stocks to make money from moves that occur virtually every day. Unfortunately, new traders are drawn into trying to find stocks that make the top gainers or top losers list, or perhaps drawn into trading crypto because of the huge volatility. You do not need big moves to make big money and…
Subscribe: iTunes / Spotify FOMO, in case you have been in an underground shelter for the last 20 years, stands for “Fear of Missing Out” and it is a saying that certainly started somewhere else besides the trading world. But it probably applies to the trading world more than anywhere else. There are several very key topics in trading that are all very related. FOMO, patience, discipline. They are the top demons, not only for new traders, but for quasi-experienced traders as well. And they all live under one bigger umbrella topic in trading, which I will get into in this podcast. Here’s…
Subscribe: iTunes / Spotify The full title is simply too long to be an actual title, but it should be“ should you spend more time on self-analysis and less on technical analysis”. In trading there are SO many things that you hear as advice that seem to be the professional’s answer, but they are not. It is kind of like the doctor saying “go home and rest”, no matter what your ailment is. The advice is safe, it is not bad, and it comes from a doctor. It must be right. But is it best? Even more so in the market, lots of…
Subscribe: iTunes / Spotify This is a great topic to me. Of course, what I think is a great topic does not necessarily line up with what new or struggling traders think is a great topic. The way odds work in trading is generally not even close to how most people picture the concept. And it is very important to understand this topic or you will struggle to make money even with good chart knowledge. Many traders learn to read a chart at an adequate level but they never put the money in the bank. Sometimes traders are close to making money but…
Subscribe: iTunes / Spotify When I say “My Story”, I am referring to how I got involved in trading/investing. I feel that my story may help the average person because it brings out a lot of issues that I discuss frequently. I was never on Wall Street or involved with any financial institution. I started off learning on my own. And it leads to several discussions that involve questions I frequently hear from many new and experienced traders about learning how to trade and 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,…
Subscribe: iTunes / Spotify Warning! Part of this may be kind of boring to some of you. However, I will get into some discussions that will enlighten even the most sophisticated trader. I’m going to start off with a basic discussion about the popular time frames that traders can trade. Anything from a monthly chart to a “tick” chart. I will discuss the appropriate charts that go with each of these time frames, but I also want to get into some of the pitfalls traders run into. Especially the misconceptions about “swing trading” and about “scalping”. Also, the most important part about…
Subscribe: iTunes / Spotify Proper mindset may seem like a fuzzy topic, but it will get clear once I get into the topic. It encompasses a lot of issues that I truly believe become the most important part of trading. The truth of it is that learning technical analysis is not a terribly complex procedure. As a matter of fact, I certainly don’t mean to offend anyone who is struggling, but the intelligence required to trade properly is no greater than that of any fifth-grader. But following rules and having discipline is often a problem and that usually stems from the proper…