Traders often get stuck in “the maze,” trading in lackluster markets or pick mediocre setups. They might also trade for excitement, not honor their stops, micromanage themselves soon-to-be great setups, and a host of other bad behaviors. In this week’s edition of Trading Simplified, Dave begins to explore the wisdom of the book The Tools, focusing on the concept of going into “the maze” as opposed to accepting what is. He shows how this relates to both life and trading.
This video was originally broadcast on December 7, 2022. Click anywhere on the Trading Simplified logo above to watch on our dedicated show page, or at this link to watch on YouTube. You can also watch this and past episodes on the StockCharts on-demand video service StockChartsTV.com — registration is free!
New episodes of Trading Simplified air on Wednesdays at 12:00pm ET on StockCharts TV. You can view all recorded episodes of the show at this link. Go to davelandry.com/stockcharts to access the slides for this episode and more. Dave can be contacted at davelandry.com/contact for any comments and questions.
Dave Landry has been actively trading the markets since the early 90s. In 1995, he founded Sentive Trading, LLC – a trading and consulting firm. He is the author of “Dave Landry on Swing Trading” (2000), “Dave Landry’s 10 Best Swing Trading Patterns & Strategies” (2003), and “The Layman’s Guide to Trading Stocks” (2010). In addition to his weekly show on StockCharts TV, Dave has made several television appearances, written articles for numerous financial magazines and journals, and has spoken at trading conferences both nationally and internationally.