Welcome to Disciplined Trading Strategies, the podcast where Paul Lange, a seasoned trader with over two decades of experience, reveals the real truths behind successful trading and investing. No more vague market predictions or debates on Fed policies. Paul shares practical strategies that work, dissecting the myths and showing you the power of technical analysis. Whether you're an experienced investor or just starting out, join us as we challenge conventional wisdom and empower you to make ...
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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 tr…
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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 …
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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 i…
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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 …
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The ONLY 2 Times That Psychology Matters
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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 b…
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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 …
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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 le…
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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 appli…
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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. …
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As a podcast, this of course will not be a detailed lesson on exactly how to make money from options. However, there will be some great information discussed including; the stupidest comment that I hear on a monthly basis, options actually accomplished in your trading, what you should never do with options, and the best general use for options prov…
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In the DTS seminar program there is a discussion near the end about pitfalls that new traders may run into. The first pitfall is listed as overtrading. The second pitfall is listed as overtrading. It then goes on to discuss why overtrading ranks as the first two pitfalls that new traders may run into. Tune in to hear the reasons why, as this is ano…
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You likely already know that emotions play a big part in trading, no matter how much of a cool cucumber you think you are. And we all know those emotions are fear and greed. But one towers over the other, and inside of that one emotion there is perhaps one big issue that damages more traders’ careers than anything else. I want to sort out these var…
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Whether you are a new and developing trader, or an experienced trader, the use of your time is a very important facet. And this is one category where the more experienced you get, oftentimes the worst your time management becomes. There are two issues. One is wasting time by focusing on things you perhaps should not be studying, at all. But of the …
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New traders get knocked out of the game because they don’t take their stops. You probably heard that 5000 times if you spent even one hour researching the topic of trading. As a matter of fact, there is even a special division of hell saved just for traders who don’t take their stops in case you weren’t aware of that. But here’s another one for you…
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This episode has two purposes. First it is to set the record straight about what many traders use as excuses for their own poor trading. The list is long and most of them are fallacies and to the extent any are real, they are always fixable by the trader. Second, it is important as a mental concept to take responsibility for everything you do. When…
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When you start listening to this podcast you will hear the actual quote about rules and expectations. That quote actually comes from Mark Douglas, who is the author of the book called Trading in the Zone. But I want to expand on the discussion quite a bit because I feel it is at the heart of issues for new traders, and oftentimes for moderately dev…
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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 …
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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…
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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 subje…
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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…
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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 to…
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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 t…
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Don’t let the title fool you, this has great information. If you are going to learn how to trade, there are many pitfalls. There are enough natural pitfalls out there, like the fact that trading is counter-intuitive. But there are ‘man-made’ pitfalls as well. Most everything you view, read, or hear will be incorrect. Some through ignorance, some th…
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• This is important enough for its own podcast. • Formal definition – from two different sources. • Simple definition. • What is NOT a technical Indicator. • Cool kids. • What you can use them for. • What you cannot use them for • The dangers are huge. They END careers. Here are the charts to follow along: Chart 1: https://drive.google.com/file/d/1…
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The Shocking Way to View the Market
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This podcast is short and sweet and to the point. The more complete title should be, “the absolute way you must view the market to make money, which would shock the average person, even the average person in the market”. It will in a sense, summarize some thoughts of prior podcasts, and lead to a conclusion that you must hear, if you really want to…
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I don’t want to give anything away but some of you who have been listening for a while may be thinking that there is a little sarcasm in the title of this podcast. This is going to cover several important topics including a couple of favorite lessons from a book, those cookie-cutter patterns, the language of charts, and pictures of learning. A good…
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In almost anything you read or listen to about trading, you will likely read or hear that trade management is important. This is not accurate. Trade management is more than important. It is critical and will eventually determine your fate as a trader/investor. Traders that can read charts but cannot put the money in the bank are a dime a dozen. It …
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There is a section called “Look for the Pitfalls That Stop Most” that is toward the end of the free course that I do for everybody called, Introduction to Mastering Technical Analysis. It’s a half-day course that is packed with some great information. I mention that because, as a trader/investor, today’s topic is one of the key pitfalls that often …
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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 lea…
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Is the market a random walk? Well, you have to listen to the podcast to get that answer. The answer may surprise you a little bit, but the answer also has what I consider to be one of the greatest concepts you need to understand to be a successful trader or investor. I’m going to talk about my 97% rule and how I stumbled across it many years ago. W…
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When a trader says that a trade was “risky”, what exactly does that mean? I hate to say it but in the absence of any other information it means that the trader is very novice. Risk can have a lot of meanings, and I want to review each of those as they are critically important to your trading. Maybe it’s just semantics, but saying any trade is risky…
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This particular podcast is actually based on an article that I wrote, well, quite a long time ago. But it was one of those that received many comments for a long time, and I felt it helped a lot of people. It discusses stages most traders go through, and where they often get stuck. Obviously, many of the comments in this podcast are concepts that I…
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This is a big one to me because it gets at the very heart of what we do as traders/investors and also addresses what is perhaps one of the biggest mistakes made by traders across the board. This has to do with selecting trades on simple ordinary stocks to make money from moves that occur virtually every day. Unfortunately, new traders are drawn int…
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FOMO, in case you have been in an underground shelter for the last 20 years, stands for “Fear of Missing Out” and it is a saying that certainly started somewhere else besides the trading world. But it probably applies to the trading world more than anywhere else. There are several very key topics in trading that are all very related. FOMO, patience…
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The full title is simply too long to be an actual title, but it should be “ should you spend more time on self-analysis and less on technical analysis”. In trading there are SO many things that you hear as advice that seem to be the professional’s answer, but they are not. It is kind of like the doctor saying “go home and rest”, no matter what your…
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This is a great topic to me. Of course, what I think is a great topic does not necessarily line up with what new or struggling traders think is a great topic. The way odds work in trading is generally not even close to how most people picture the concept. And it is very important to understand this topic or you will struggle to make money even with…
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When I say “My Story”, I am referring to how I got involved in trading/investing. I feel that my story may help the average person because it brings out a lot of issues that I discuss frequently. I was never on Wall Street or involved with any financial institution. I started off learning on my own. And it leads to several discussions that involve …
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Warning! Part of this may be kind of boring to some of you. However, I will get into some discussions that will enlighten even the most sophisticated trader. I’m going to start off with a basic discussion about the popular time frames that traders can trade. Anything from a monthly chart to a “tick” chart. I will discuss the appropriate charts that…
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Proper mindset may seem like a fuzzy topic, but it will get clear once I get into the topic. It encompasses a lot of issues that I truly believe become the most important part of trading. The truth of it is that learning technical analysis is not a terribly complex procedure. As a matter of fact, I certainly don’t mean to offend anyone who is strug…
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One of the bigger issues I always face in training somebody new to the market (or someone struggling) is getting them to understand that trading involves structure. It’s fairly easy for me to spot this issue in a trader (very easy), all I need to do is see three or four of their trades. It doesn’t even matter if they are winning or losing trades. G…
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If you are very new, you may not even understand what the question is regarding “what to trade”. And if you have some experience, you may think this is a boring topic. I’m going to discuss the pros and cons of trading stocks, futures, Forex, Options, Crypto, or commodities. They all in the trade long-term, and they all can be good for daytrading. I…
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I know the “Three-Legged Stool'' concept has a lot of uses as a metaphor. For a long time however, I’ve used it to describe what people need in order to be successful in trading/investing. I have spent some of my prior podcasts discussing what you do not need, what you should never be looking at. I always make that a focus because so many people fa…
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Without a question, the biggest disadvantage we have as traders is being human. Along with all the good things come some really bad things for traders. We come with emotions that do nothing but confuse us. We have hidden demons that we do not even know are operating. In addition, whether you realize it or not, as you develop as a human, you develop…
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Some of Your Best Traits May Be Hurting You
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Trading or investing in the market is a unique profession. The ability to make a former week’s salary in minutes can have even very educated and disciplined people doing crazy things. Just like a construction site often attracts kids, the market attracts successful people. However, the success these people have had does not translate to the market …
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This may sound like a simple question but it is actually quite a complex question and it is also a very important one. Is trading subjective or objective, should a good trader be more subjective or objective? What does it mean to be subjective or objective when it comes to trading? When traders first come to the market, they are inherently very sub…
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I will make this clear again when you begin listening to this podcast but in case you’re wondering what direction this is going to take or what exactly cookie-cutter patterns are (if you been trading a while you probably know, if not you may not) this podcast will be a scathing ridicule of anyone who thinks are going to make money from cookie-cutte…
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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 gre…
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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 gre…
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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 b…
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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 ev…
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