Is Trading Subjective or Objective
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Description
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 subjective. They don’t know what else to be, although they may not characterize themselves as subjective. If they look at a chart, and they may say that the stock certainly can’t go any lower. That is obviously subjective. If they look at fundamentals, they may say that that P/E ratio is nice and low, or it’s too high to purchase that stock. Again, that is purely subjective. How do you deal with this? Tune in to find out.  Here are the charts to follow along: Chart 1: https://drive.google.com/file/d/1dpIvgmWDbraaUUem0MgJiknn71JP8Bgh/view?usp=sharing Chart 2: https://drive.google.com/file/d/1LixthtuZJ6Rxc_1DB6X2ILpq9JvKoaZr/view?usp=drive_link Chart 3: https://drive.google.com/file/d/1OJEr8ZEfUpe-byjJ-yQj-IFZ95ENqb2_/view?usp=drive_link Chart 4: https://drive.google.com/file/d/1gERq9srE45elq3KGdcDr3jWiYFxhTbLK/view?usp=drive_link Chart 5: https://drive.google.com/file/d/1FjQ6U7DkGMaE5ydGA09CPTL_2VvB5vFq/view?usp=drive_link Chart 6: https://drive.google.com/file/d/1Hq8nYheIj5XeAM8gsu2eBJyAaxF3S3LC/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/
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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...
Published 10/24/24
Published 10/24/24