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This is a more advanced talk, at least for a podcast. On the DisciplineTradingStrategies.com website this is on the free stuff page, in the educational videos section as a topic. But this is dedicated to somebody who is beginning to trade or actually trading. For anyone trading this is a very important topic because it deals with wasted money. And over time and over many trades, it can add up to a lot. It also is a topic that most traders seem to have very little knowledge about, at least beyond the very basics.
Here are the charts to follow:
Chart 1:
Chart 2:
Chart 3:
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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/