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Successful people set high goals and make specific plans to achieve them. Goals can be motivating. The more specific you set a goal, the better. Abstract goals often seem impossible to achieve and are ..

It’s almost impossible to have rock-solid confidence as a trader. Sure, some traders can’t be thrown off track very easily, but it’s natural to feel a little afraid occasionally. Let ..

The winning trader is a disciplined trader. Disciplined traders devise very detailed trading plans. And they use them. They don’t prematurely abandon trading plans. Once a trade is executed, the ..

Do you have trouble following your trading plan? Many novice traders do. They develop a plan with specific guidelines as to when to enter and when to exit. The night before it all seems so clear, what ..

Steve has just made a losing trade. Although he’s only down 2%, he can’t stop thinking about it: “What did I do wrong? How could I have prevented this loss? What am I missing here? W ..

Jack is stuck in a severe psychological slump. He has been making losing trades all week. He feels frustrated and he just doesn’t want to make another trade. He thinks, “Why bother trying again? I ..

The pits at the exchange are exciting. Traders frantically move about the floor, buying and selling. It’s exciting to watch. You can feel the energy and it can psych you up just by watching. Wel ..

Have you ever looked at the performance records of top hedge fund managers? It’s interesting to see how much they fluctuate month to month. Sometimes they may be up 15% while at other times, the ..

Market decisions are often driven by fear and greed, especially for the novice trader. When your money is on the line, it’s natural to feel fearful when the market goes against you. Anything you ..

Humans don’t like taking chances with their money. If given the choice, they would take a sure thing rather than a gamble, even if it meant making relatively little profit. What do you think mos ..