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Have you ever been on a diet and eyed a piece of chocolate cake? Or perhaps you had decided to cut back on expenses, but couldn’t resist buying a new pair of shoes. We all have our addictions, w ..

The expectations you hold about where your trading career is going can have a powerful impact on what you do and how you do it. Consider three traders, Jake, Steve, and Paul. Each has a different outl ..

30.1 – Why macroeconomics? The module on Personal Finance has come a long way with over 30 chapters. I can easily think of another 10 or 15 chapters to add, but I won’t do that 🙂 I think we ..

Have you ever driven in rush hour traffic in the rain or snow? During dry weather, people cut you off, assuming that you can stop in time. You can probably slow down safely in dry weather, so it isn&# ..

In the 1970s, Dr Martin Seligman conducted an influential experiment in which he taught laboratory animals to become helpless upon encountering seemingly hopeless situations. Laboratory animals were p ..

It seems so easy: Find a good setup, place a bet, close out the trade and take home the profits. Enduring trading success is easier said than done, however. Trading experts note that even those trader ..

“Trading is like gambling.” Some say trading “is” gambling, but for now, let’s just focus on the proposition that trading is analogous to gambling. An analogy is a compar ..

Trading requires getting in the zone; it’s a flow experience. When seasoned traders place their trades, all their attention is focused on the trade. Their experiences are heightened and everythi ..

During Thanksgiving dinner, Jack tells his wife, “What do I have to be thankful for? I’ve made a bunch of bad trades all last month. My life could be going a lot better than it is.” ..

There are times when going with your “gut” instinct can be shrewdly accurate, but at other times, your instincts can be dead wrong. The human mind is capable of making decisions without fu ..