Technical analysis discipline is something I lacked when I first started trading in the early 90s. Back then, I thought indicators could solve everything… In this video, I share two painful trading mistakes from my early years as a trader, and the important lessons that helped me transform my approach. If you’ve ever traded on hope, ignored your stop loss, or stayed up all night staring at the screen, this is for you.
What You’ll Learn
- Why technical indicators often fail on their own
- How discipline protects your trading account
- The danger of letting emotions take control
- The true importance of planning exits and risk
- How Renko charts help simplify decision-making
Chapters
- 00:00 – Intro
- 00:26 – Why I’m Sharing These Stories
- 01:10 – Story One: Fighting the Fed
- 04:19 – Story Two: The All-Night Swiss Franc Trade
- 08:10 – What I Learned the Hard Way
- 08:46 – The Core Lessons Every Trader Should Know
- 10:27 – Outro
Key Takeaways
Building technical analysis discipline reduces emotional mistakes and helps traders follow their plan.
- Hope is not a strategy
- A stop loss is a boundary, not a suggestion
- Your emotions cannot manage risk
- The market doesn’t care what you want
- Being right is less important than staying safe
Recommended Next
- Renko Buy & Sell Signals – A How-To Guide
- ATR-Based Renko Brick Size Tips
- Advanced Renko Chart Strategies
Subscribe on YouTube: Renko Trading Channel