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Do you ever wonder if you secretly want to fail? It’s hard to believe, but some people do want to fail. They may not want to do better than their parents, and secretly, they set themselves up fo ..

Have you ever sat looking at your screen for an hour and had no idea what to do? In the back of your mind, you start to think, “I should be doing something.” As an active trader, you may b ..

Stan has been looking at his screen for the past 20 minutes. He is a little tired and bored. He wants some action. He figures, “I might as well buy a few shares of the QQQ. It is bound to go up ..

You’ve been watching a stock for three hours and you tell yourself, “It seems to match perfectly to the first two waves of an Eliot Wave pattern.  I’ve seen this before and I’ ..

Overconfidence is ubiquitous among traders.  There are several explanations for overconfidence, depending on the psychological theory one uses to understand it.  We’ve looked at overconfidence ..

You’ve been watching a stock for three hours and you tell yourself, “It seems to match perfectly to the first two waves of an Eliot Wave pattern.  I’ve seen this before and I’ ..

A widely popular belief in the field of behavioural finance is that investors are “overconfident.” They put on risky trades that don’t pay off, and in the long run, end up with a low ..

When it comes to trading the markets, nothing is certain. How do you cope with uncertainty? Many traders are overconfident. Rather than face the possibility of losses due to market uncertainty, they f ..

You can’t trade the markets unless you have self-confidence. Trading is a field where you’ll see setback after setback, and the only way to pick yourself up quickly and fight back is to ha ..

A winning trader is confident. It’s essential to have the proper amount of confidence, however. If you are under-confident, you’ll never be a winning trader, but if you are overconfident, ..