Subscribe: iTunes / Spotify I am going to bet that this podcast gets fewer downloads than the others. Discipline? Really? What a boring topic. Discipline. It is an important word in most everything we do in life. But in trading it has a very special place. When a new trader discovers that you can make a former week’s salary in a couple of hours it brings about emotions of greed and fear that have intelligent people often doing stupid things. If you’ve only half listened to half of my prior podcasts, I think you understand that technical analysis is the only way…
Author: Paul Lange
Subscribe: iTunes / Spotify The word Secrets is in quotation marks because I tend to make fun of crazy emails that act like trading or investing revolving around some magic formula or great new strategy. After a long time of working with many traders, one discovers that there are certain truths that cannot be denied. There are four things that are done so consistently wrong by new, and even fairly experienced traders, that each of these mistakes results in bad trades 90% of the time for most traders. If traders would simply follow these four rules, they would eliminate most of their…
Subscribe: iTunes / Spotify Don’t be scared off by the title, this is not a basic question. I have a very specific definition of what trading (that would include investing as long-term trading) is all about. And it’s not what most people think. I laugh when I hear someone say, Oh, you have to be trading crypto, that is where the money is… Really? The 20 billion plus traded every day on just the NYSE is not enough? Too much volatility is NOT good. Understanding what trading is, or what it should be, is the first step toward making money. Here’s a…
Subscribe: iTunes / Spotify The title of my series of podcasts is “What Matters in Trading and Investing”. That is the theme. All of the episodes have built on that, and this one will be no exception. Keeping it simple is not as “simple” as it sounds. That is because in trading, like anything else, before you make it simple, you have to make it complicated. What I mean by that is that you have to fully understand everything about a topic before you can boil it down. Think about a doctor… Here are the Charts to follow along: Chart 1: Chart…
Subscribe: iTunes / Spotify A quick Google search in preparation for this podcast said that over half of the public thinks the market is rigged, and a lot more than that depending upon who you talk to. But is the market really rigged? And what exactly does that mean? There are a lot of things that happen in the market that you may not consider to be very forthright, but there’s a difference between not understanding how things work and something actually being rigged. Join me in this episode as I explain to you many of the very tricky things that happen…
Subscribe: iTunes / Spotify In the last couple podcasts, I discussed some of the no-no’s, what not to do. I know that if you are newer to investing or trading, or if you just listen to the news or look up fundamentals, you have to be a little shocked by what I told you about the last couple of podcasts. If you can’t listen to news or if you can’t look at fundamentals, how do you make money? The answer is very simple. You let everyone else do that and you look at the synthesis of what happened. Everybody gets together in…
Subscribe: iTunes / Spotify As I said in my last podcast, “Oh Those Fundamentals”, I thought I would start off by explaining some of the common mistakes new traders make in trying to find that “Holy Grail” of making money in the market. I believe that in order to learn any new topic properly, you need to remove from your thinking any incorrect concepts that you hang onto. Yes, there are often multiple ways to do something correctly, and that is true for trading. But there are also some things that are just wrong. As I did in my first podcast, I…
Subscribe: iTunes / Spotify I have so many topics to discuss, it was difficult to pick the first actual podcast episode. The market is slanted against new people in ways you wouldn’t believe. If you have been trying to learn how to trade stocks or you already know this. You may even think the market is “rigged”. (No worries, it is not). If you are brand-new, you will probably encounter this soon. So, I feel episode topics should involve a blend of what not to do, or what to look out for, as well as trying to put everyone on the right…
Subscribe: iTunes / Spotify This is a brief hello and introduction and what you can expect from the podcast series, “What Matters in Trading/Investing. This is not the typical investment podcast. You may relate very well to many of the topics discussed. While Paul had trained many in the field, new people who want to manage their own investments or make a little extra money daily will benefit the most. Here’s a chart 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 learn more, visit:http://disciplinedtradingstrategies.com Listen to more episodes on Mission Matters:https://missionmatters.com/author/paul-lange/