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Losses and setbacks are a fact of life. It is necessary to experience setbacks and recover from them in order to achieve success. The trader who has never experienced a severe drawdown, or blown out h ..

Sam started trading almost three months ago. He’s read that it’s important to set specific goals and try to reach them. He thinks, “I’ve got to set my expectations high, otherw ..

Setting well-defined goals are essential for achieving high levels of performance. Specific goals are the best. They allow for direct feedback. You know exactly where you stand. It may not always be a ..

Trading is one of the most unpredictable and chaotic professions that one can pursue. This disarray and chaos produce stress. If you don’t take appropriate precautions, for example, you can look ..

Jimmy complains to his best friend, “It’s impossible to trade the markets profitably. They are rigged. I don’t have enough capital. The markets are so volatile that I can’t get in and out to t ..

If you’re an eternal optimist, you hate bad news. But the bad news is relative. What is bad news to some is mere information, and possibly good news, to others. (For example, if you were going l ..

In the movie “Broadcast News,” Tom, the future star network anchor, asks Aaron, the under-appreciated correspondent, “What do you do when your life exceeds your dreams?” Aaron ..

Hannibal Smith on the “A-Team” was fond of saying, “I like it when a plan comes together.” A couple of weeks ago in this column, we used Apple Computer’s (AAPL) product a ..

Jack is a novice trader celebrating his latest win. “I’ve just made a big profit on trade by pure chance,” Jack says in an excited tone. “I went long on a stock, expecting it t ..

15.1 – Context I understand we concluded the previous chapter by hinting that we would discuss Index funds next. However, I’m taking a bit of a detour to introduce how one can invest in Bonds dire ..