When your hairstylist is buying Tesla. Is that part of technical analysis? My first for podcasts I discussed why about 6% of the world does not even need to listen to these podcasts, why fundamentals and news will never directly make you a penny, and then wrapped it up on the next podcast by talking about how you make money with technical analysis. I wanted to follow-up with some more concepts just in simple English about why technical analysis is so phenomenal. And why it is maybe a little misunderstood. Like everything I try to teach, I believe that I will not just give you my opinion, but rather prove it to you.

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

I have mentioned these two words in at least one or two other prior podcasts. I received a couple questions about what exactly I mean when I use these words in trading, and this is definitely worthy of an entire topic. Naturally the words in English are fairly easy to define and understand, and yes that is the general meeting that they have been trading. But specific examples can show you how they can be confusing and harmful to your trading. Tune in for more.

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 actually a great topic. Yes, this is episode 54, and I’m still calling things great topics as if they should’ve been the first thing you heard. There is such tremendous misconception about the skills needed to trade/invest for yourself that it leads to two issues. Some people who try to be geniuses and focus on the wrong things, and people who simply just don’t try because they figure they don’t have the ability to make money in the market. 

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/

Note for the faint of heart… A quick word if you are very new. When a trader takes a trade, that trader will always (should always) have a point at which they feel the trade is no longer working and therefore have to exit. This protects the account so that you don’t take your account down to zero hanging onto garbage. That level at which you exit is called your stop. You can stop out of the trade by sitting there and hitting a button or you can stop out by putting an automatic stop in your trading platform so it will exit you from the position even if you are not there. This discussion is an ultra-advanced talk about using stops and be sure you listen to the introductory comments. If you have been around for a while, this may not be what you expect.

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/

The Internet is obviously a very useful tool for many things. But how useful is it in the endeavor to learn special skills, like learning the skill of trading or investing for yourself? This presentation is about taking a look at the pros and cons, the good and the bad, the useful and not useful, of what the Internet has to offer for anyone trying to learn trading on their own. As always, I want to go beyond just anyone’s opinion, and look at the hard facts.

To learn more, visit:

http://disciplinedtradingstrategies.com

Listen to more episodes on Mission Matters:

https://missionmatters.com/author/paul-lange/

You may be curious about the phrasing of the title of this episode. Because it kind of implies that there’s only certain times that psychology matters. To be fair the title is a little “tongue-in-cheek”, although in a literal sense it is 100% true. Sounds confusing? Well, you have to listen to the beginning of the episode but I assure you it will be filled with more information that will help you in your quest to become your own independent trader/investor.

To learn more, visit:

http://disciplinedtradingstrategies.com

Listen to more episodes on Mission Matters:

https://missionmatters.com/author/paul-lange/

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:

https://drive.google.com/file/d/1iOsBCDAoOC3NTihh8yjJUqATGuXci_yh/view?usp=drive_link

Chart 2:

https://drive.google.com/file/d/14P327cfSy9KSkxTMQxKfqlVl84d_-iXt/view?usp=drive_link

Chart 3:

https://drive.google.com/file/d/1XsyVmGDbVEygCNhTXLFvfo1GyoyJcasT/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/

I love this title because it has some different implications depending upon where you are in the trading world. If you’re kind of new you may just be excited about what the topic is that involves “missed money”. If you have been around for a while maybe you recognize this is a beginning of a famous or perhaps I should say infamous saying. But it leads to a great discussion about a topic that’s near and dear to my heart; the true understanding of technical analysis.

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/

My last podcast was largely technical, at least as technical as you can get in a podcast. It was about understanding some of the concepts and misconceptions about trends. This one is a soft topic. In trading that means more about psychological and thinking type issues. And this particular one is really on the far side of psychology because it applies to most everything in your life, not just trading. However, I have found that it is a very important quality for a good trader to endear, especially for anyone starting out. Enjoy the discussion.

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 lot of clichés exist in trading. One of the more common ones is the common-sense notion of following the trend. It is one of the very few good clichés, and while it seems like a simple concept, there is a lot more involved. Like all of trading, you need to understand some of these concepts that are higher-level to get all the arts in your favor.

Here are the charts to follow along:

Chart 1:

https://drive.google.com/file/d/1uVXgFaqA7ppWClyBZ7Fc_xFULx_YeVGn/view?usp=drive_link

Chart 2:

https://drive.google.com/file/d/148tXZkTfqDO9ArA4rKNcV7p1CFw-EQqE/view?usp=drive_link

Chart 3:

https://drive.google.com/file/d/13Bo0fNGtJCSoZuOuvTNezzxllggvZLv5/view?usp=drive_link

Chart 4:

https://drive.google.com/file/d/1Uep01dQMbJeZ_Jt5p_Qbdzfm5zB2jKKi/view?usp=drive_link

Chart 5:

https://drive.google.com/file/d/14eiXpxL9-5WU4ppQXR6gpLLYiH4Y-JAJ/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/