Two Comments on Common Sense

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 be exceptional by using a certain amount of common sense. Not falling for hyperbole, and always thinking for yourself to a large degree. That kind of common sense is critical when you prepare yourself to trade, to avoid all of the scams and general wrong thinking that is out there about making money in the market. However, once you are involved in making money in the market, common sense has no place whatsoever. The market is run by a different set of rules that revolve around the supply of money coming in and out of any market, sector, or any individual stock. You can scream all you want about all the common-sense reasons why a stock should be going up, but if it’s dropping, somebody is selling. Someone who either knows more than you, or simply doesn’t care because it’s time to sell.Here's a link to learn more:https://disciplinedtradingstrategies.com/publicdownloads/The%20R%20Unit.pdf 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