The Risk Unit

04/11/24 • 18 min

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 start off defining exactly what we mean by “the risk unit”, and then discuss how it permeates through all of your trading.

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/

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/

Previous Episode

Patience

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 do what they know (or should know) they are supposed to do.

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/

Next Episode

Long versus Short

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/