Boring is Best - Ordinary Moves
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Description
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 into trying to find stocks that make the top gainers or top losers list, or perhaps drawn into trading crypto because of the huge volatility. You do not need big moves to make big money and the drawbacks to these high volatility stocks outweigh the benefits. I will discuss all of these issues in this podcast and try to explain why I focus on boring everyday stocks, both for day trading and long term. Here's a chart to follow along: Chart 1: https://drive.google.com/file/d/1OF5-ouJHZLSU7dgInPSR-EhR6Bjea-Jc/view?usp=sharing 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