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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 ..

In our everyday lives, there are some numbers that hold significance. When we turned 16 years old, for example, we could earn a license to drive. When we turned 18, we were allowed to vote. When we tu ..

Have oil prices stabilized? What’s the impact of the Federal Reserve’s decision on interest rates going to have on stock prices? Will a slump in housing sales lead to a severe economic slo ..

Novice traders often hold an erroneous belief that traders are natural-born, and thus, by instinct, they can handle anything the market throws at them. Natural born traders see good trade setups insti ..

The best traders are not self-conscious about their mistakes. They don’t regret past mistakes or worry about the future. They live in the moment and are ready to take new chances to reach new he ..

Are you having trouble sticking with your trading plans? It’s a common ailment among novice traders. There are a variety of reasons for abandoning a trading plan. Newbie traders, for example, ma ..

Successful traders are disciplined. They are calm and rational.  They don’t let emotions like fear or greed unduly bias their decisions. They formulate well-defined trading plans and are able t ..

Jack has been having a bad month. He can’t seem to make a winning trade, and it is gnawing at him. He is starting to panic a little. As his account balance diminishes, he decides to take precaut ..