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On classic episodes of “Star Trek,” Captain Kirk often asked Mr Spock, “How far away is the target?” In his typical reply, Spock gave the exact distance down to at least the fifth deci ..

Professionals at the top of their fields maximize their psychological resources.  Professional athletes have known this for decades, and top traders are learning that consistent performers are in top ..

Trading is a stressful business. When you are in a trade, your money is at risk, and you repeatedly face the possibility of losing substantial amounts of trading capital. If you are a novice trader, t ..

This week, “Time” magazine published their list of the world’s 100 most influential people. On the list is Amy Domini. She runs the $1.5 billion Domini Equity fund, one of the oldest ..

Seasoned traders know how to turn losses into gains. They don’t mull over past defeats or trading losses. Instead, they use the setback as a motivator, an opportunity to hone their skills, grow, ..

Ask many seasoned traders to describe their most profitable trade, and you’ll hear a fantastic story. It’s usually purely serendipitous. For example, they may have been going long on a lar ..

Despite what we might wish for, it’s hard to make profits month after month. Even established hedge fund managers have months where they fail to make a profit. It’s a fact of trading: Ther ..

Jake has just made three losing trades in a row? He decides he is in a slump and is now worried that he can’t get out of it. But is he really in a slump? Perhaps he’s just panicking for no ..

Trading is much like learning a risky sport, such as motocross, skateboarding, or skiing. In these sports, you play by yourself and try to stretch the limits. But if you try to perform beyond your ski ..

Winning traders are disciplined. Does this mean that they never “slip” while trying to follow a trading plan? Not necessarily. It’s hard to maintain discipline, and you’re huma ..