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:
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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