Advertise on podcast: Disciplined Trading Strategies

Understanding price action, finding good chart setups, and identifying reasonable target areas are among the first skills every new trader needs to learn. But turning the profits you see on a chart into real gains in your account is a different challenge: making appropriate money on good trades while limiting losses on bad ones.In this episode, Paul discusses three major obstacles that keep traders from getting to their targets—and why the reason most traders blame first is rarely the real one. 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

After years of coaching traders, Paul has seen certain problems surface again and again—often without the traders themselves recognizing them. In this episode, he shares the top three of the most important lessons to emerge from those sessions and explains why traders who genuinely want to improve often remain stuck. If you have been working hard at your trading but are not seeing the progress you expect, this episode may help you understand why. 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

Does successful trading always require taking action? Many traders feel they should be doing something whenever the market is open—but that instinct may be creating problems they don’t recognize. In this podcast, Paul explores why taking no action can be a deliberate decision based on knowledge and discipline. He also discusses the question every trader should ask before entering, exiting, or managing a trade. 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

On the Disciplined Trading Strategies resource page, down at the bottom, I have what are called 21 Trading Quick Tips. These have slowly accumulated over recent years, with no particular schedule. I feel these have incredible value in them, even though they are mostly only one-line snippets with powerful trading lessons. So what I am doing is taking them seven at a time over three podcasts and explaining them in more detail, giving some history, and showing you how you can use them to your advantage. This is the third and final episode in that three-part series; Trading Quick Tips 15-21. Slidenotes: https://disciplinedtradingstrategies.com/podcast-slidenotes81/ 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

On the Disciplined Trading Strategies resource page, near the bottom, there is a section called 21 Trading Quick Tips. These tips have slowly accumulated over recent years, without any particular schedule. I believe these tips have incredible value, even though most of them are only one-line snippets with powerful trading lessons. So, I am taking them seven at a time over three podcast episodes and explaining them in more detail, giving some history, and showing you how you can use them to your advantage. This is the second episode in that three-part series: Trading Quick Tips 8–14. 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

On the Disciplined Trading Strategies resource page, down at the bottom, I have what are called 21 Trading Quick Tips. These have slowly accumulated over recent years, with no particular schedule. I feel these have incredible value in them, even though they are mostly only one-line snippets with powerful trading lessons. So what I am doing is taking them seven at a time over the next three podcasts and explaining them in more detail, giving some history, and showing you how you can use them to your advantage. This is the first episode in that three-part series. Episode Slidenote: https://disciplinedtradingstrategies.com/podcast-slidenotes81 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

Most podcasts are on specific individual topics. I know a lot of you have listened to many or all of them, but even if you have, it is sometimes difficult to pull the topics together in a meaningful way. So, occasionally, I like to do some podcasts that tie a few topics together.This is one of those. Is this everything that can hold a trader back? Of course not. But it's a quick, off-the-top-of-my-head favorites list. And by the way, notice it doesn't say what holds “new” traders back. It says all traders. 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 a much bigger deal than the quiet title may be indicating to you. And I imagine the title brought about a little curiosity, and you probably have some idea what I’m going to talk about. It’s not meant to be a cute title, it is actually a term I use virtually every day. It does apply to both day trading and longer-term trading or swing trading, at least most aspects of this conversation do. It’s part of a problem that I call the silent killer for traders because it often goes unnoticed, sometimes forever. Become a free Member at DTS, no CC, no catch: https://disciplinedtradingstrategies.com/sign-up-member-only/ 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 Listen to more episodes on Mission Matters: https://missionmatters.com/author/paul-lange

This episode is a practical look at two topics that are not directly related, but are often misunderstood: diversification and leverage. Diversification is often misused. There are different goals when diversifying, and different methods for doing it. Leverage is also frequently misunderstood and, for the most part, is a much simpler topic. This episode will be fairly short and will focus on answering the common questions that come up when discussing both of these topics. 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 episode is a brief common-sense reminder about staying aware, thinking clearly, and not getting too comfortable IF or when conditions may be changing. It is about preparation, perspective, and avoiding the kind of complacency that can quietly create bigger problems later. Sometimes the biggest risk is not what you see coming, but what you stop paying attention to. This has great information about how people get complacent, how you become a deer in the headlights, and tips on how to avoid it. Episode Slidenote: https://disciplinedtradingstrategies.com/podcast-slidenotes76/ 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

If you’re new to trading, this is where you start. Before you ever place a trade, there are a few things you must understand, from choosing the right broker and charts to learning how to read price and manage risk. In this episode, we break down the true foundation of trading, including time frames, account structure, and why education and planning come before anything else. Trading doesn’t start when you click buy. It starts with how you prepare. 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

If you’re new, scanning is the process of taking a large number of symbols and narrowing them down to a smaller group by identifying the characteristics you want for a possible trade setup. It applies to long-term trading, swing trading, and day trading. The main focus of this podcast is the balance and trade-off between quality and focus when scanning. There can be a real cost to watching too many symbols, just as there can be a cost to watching too few. Some traders manually review large lists, while others use computer scans to help with the process. We’ll discuss both approaches in this episode. Episode Slide Notes here 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 term averaging can be confusing for newer traders. In simple terms, it means entering a stock at one price and then adding more shares later, which creates an average cost basis based on how many shares were purchased at each price. Buying at higher prices is known as averaging up, while buying at lower prices is averaging down. In this episode, we take a deeper look at the pros and cons of the three different ways traders add shares to a position. These approaches I refer to as professional, risky, and deadly — and understanding the difference may be the key to avoiding a trade that never ends. Episode Resource: youtu.be/7eT7kjkq4NA?si=fDDXhv8t8KCkHclq 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

Due to the holidays, it's been an extra couple of weeks since my last podcast. This one actually came as an offshoot from the last DTS educational event I did in mid-December. That event was called A Fireside Chat at DTS and highlighted some of my favorite topics from the year. One of those topics had to do with the role of strategies and the misunderstanding of that role as it comes to traders. This podcast explains that very critical concept and also uses a great analogy foreshadowed by the title. 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 one was inspired by many questions I received. In this episode, I break down one of the biggest trading demons we all face — FOMO. I talk about how fear, impatience, and the pressure to “catch the move” can quietly push us into overtrading and stepping outside our plan. I’ll show you how these emotions connect, how they trick even experienced traders, and what I personally do to stay disciplined when the market is tempting me the most. If you’ve ever chased a trade you knew you shouldn’t take, this one will hit home. 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