Disciplined Trading Strategies

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 title for this podcast could’ve been “Professional Rules That I Contradict Every Day”.

Here's a chart to follow along:
https://drive.google.com/file/d/1rBJogGxhLPHZ712a46P4lDxI1I7B4-KL/view?usp=drive_link

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/

This is definitely what I consider to be one of those “soft” topics when it comes to trading. It actually is about the learning process that we go through as humans and applies to everything, it was not actually designed as a discussion for traders. It’s a fairly well-known concept so forgive me if you heard it before. It is nothing I invented but I feel it is unusually applicable to traders and to learning the process of how to trade. It can also help your development if you understand what level you are at in the learning process.

Here's a link to learn more:
https://disciplinedtradingstrategies.com/publicdownloads/The%20R%20Unit.pdf

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/

Yes, there are two very different comments about common sense in the markets. We need to draw a very hard line between preparing yourself for exactly what you want to do in the world of trading / investing, and then what you do to make money. If you are listening to this podcast or reading this, you’re probably an exceptional person. And you got to be exceptional by using a certain amount of common sense. Not falling for hyperbole, and always thinking for yourself to a large degree. That kind of common sense is critical when you prepare yourself to trade, to avoid all of the scams and general wrong thinking that is out there about making money in the market. However, once you are involved in making money in the market, common sense has no place whatsoever. The market is run by a different set of rules that revolve around the supply of money coming in and out of any market, sector, or any individual stock. You can scream all you want about all the common-sense reasons why a stock should be going up, but if it’s dropping, somebody is selling. Someone who either knows more than you, or simply doesn’t care because it’s time to sell.

Here's a link to learn more:
https://disciplinedtradingstrategies.com/publicdownloads/The%20R%20Unit.pdf

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/

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. This is more of a technical discussion in case you’re not all that in tune yet with technical analysis.

Here are the charts to follow:

Chart 1:
https://drive.google.com/file/d/1uCNXj_baAaRYM_NY_zkbBsK_rhR0iMMS/view?usp=drive_link

Chart 2:
https://drive.google.com/file/d/1dxleeVAhUFEzRez9h_CiQzqQaBUOfQJS/view?usp=drive_link

Here's a link to learn more:
https://disciplinedtradingstrategies.com/publicdownloads/The%20R%20Unit.pdf

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/

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 is equal.

Here are the charts to follow:

Chart 1:
https://drive.google.com/file/d/1BnDac7f33YJ_-eDtO4cB9IldFYeQImmd/view?usp=sharing

Chart 2:
https://drive.google.com/file/d/1Isl2ifmoIuZhnbZrDeAGx8o-GcOGMtzj/view?usp=sharing

Here's a link to learn more:
https://disciplinedtradingstrategies.com/publicdownloads/The%20R%20Unit.pdf

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/