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An on-going controversy among psychologists concerns the benefits of optimism.  Some psychologists argue that optimism is always beneficial, while other psychologists point out that extreme levels of ..

Trading is rough business for many reasons. First, success is not assured. Second, even when one attains success, it may be fleeting. The odds are against you as a trader, and only a select few can co ..

There was no January Effect in 2005. No steady increase in prices on the last days of the year. Things looked a little gloomy at the end of the year. The last day of trading for 2005 seemed to be a do ..

How flexible are you in your everyday life? When you are in a new city, do you worry about getting lost or do you just go your own way and assume that somehow and someway you’ll eventually get b ..

As with any challenging endeavour, the better you perform, the more will succeed, and as a trader, the more profits you’ll realize. How do you increase your performance? How does one change? The ..

The markets can be uncertain, and one of the best ways to cope with uncertainty is to remain flexible and open. How do you react to change? Does it frighten you? Do you fall back into old habits or do ..

Overconfidence is one of the most prevalent psychological problems traders face.  We’ve covered many different ways that traders can be overconfident in past columns: Overconfidence may reflect ..

In his book “All Too Human: A Political Education,” former political operative George Stephanopoulos describes the motivating forces in the “War Room” of the Clinton presidenti ..

Traders are notorious for making the same mistakes over and over again. They abandon their risk limits. They sell earlier than their trading plan dictates or hold on to losing trades too long. It̵ ..

The ultimate way to trade is with an objective, logical mindset. But when your money is on the line, it’s hard not to allow your emotions to influence your decisions. When you are fearful and un ..