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Self-Fulfilling Prophecy
Manage episode 414576578 series 3501678
Το περιεχόμενο παρέχεται από το Paul Lange. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Paul Lange ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
A self-fulfilling prophecy is a prediction that comes true because someone believes or expects it to come true. This concept is very alive and well in trading. I actually refer to it quite often and it’s not always in a negative way. It has its place in certain situations, although it has a very “soft” use. It sort of gets into the concept of subjective versus objective. A few Podcasts back I talked about the difference between subjective and objective when it comes to trading in general, but this is specifically regarding what we look at for price action. This is more of a technical discussion in case you’re not all that in tune yet with technical analysis.
Here are the charts to follow:
Chart 1:
https://drive.google.com/file/d/1uCNXj_baAaRYM_NY_zkbBsK_rhR0iMMS/view?usp=drive_link
Chart 2:
https://drive.google.com/file/d/1dxleeVAhUFEzRez9h_CiQzqQaBUOfQJS/view?usp=drive_link
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/
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