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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 ..

Top-notch traders have unwavering discipline. Expert trader John Hayden notes, “Without discipline, you will be unable to master your ego, create empowering beliefs, have faith, and develop conf ..

James is considering whether to implement one of two trading strategies. Both strategies offer good odds of success, but James doesn’t want to make a rash decision. He wants to carefully conside ..

Do you ever make big plans for the trading day, but fall short of your expectations? Maybe during the off-hours, you decide to make a dozen trades, but when you get down to actually doing the work, yo ..

14.1 – Liquidity Risk In the previous chapter, we discussed the Franklin debt fund saga. Thanks to this episode, as investors, we now very clearly know that investing in debt fund should not be base ..