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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 ..

One of the biggest mistakes amateur traders frequently make is letting their emotions influence their trading decisions. For example, the typical novice puts on a trade that is too large, and may not ..

Profitable trading requires an objective view of the markets, but humans are easily biased. If prices were based solely on fundamentals, anticipating market prices would be a simple matter of measurin ..

Jim is a novice trader who is down $3,000 for the day. He thinks, “That’s a lot of cash. I could pay my living expenses for the entire month with that. I need to win it back right now.R ..

When you’ve got a big trade on, it’s hard to control your emotions. It is difficult to forget that real money is on the line and that losing your stake is quite possible. Humans naturally ..

Have you been making plans for the coming year? Have you been trying to make sense of where you’ve been so far? It’s useful to ask and answer a few key questions: Where have I been? Where ..

Jack has an optimistic attitude. He seems fearless. When asked why he is so optimistic, he says, “I have nothing to lose. I’ve acknowledged the risks upfront, accepted them, and now, I can trade w ..

Trading is much like playing a sport. You’ve got to find the right moment, and when it happens to come along, you must act decisively. You can’t choke; otherwise, you’ll miss a major trading opp ..

Are you going to make any New Year’s resolutions for 2006? Whether it is a personal or professional resolution, here are a few tips for making your New Year’s resolutions a reality. Not to ..