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Many novice traders were successful in other professions before embarking on a trading career. Since they were successful in their previous occupational goals, they approach trading in much the same w ..

Tim tells his trading coach, “I’ve been trying to follow that old adage, ‘Trading is a profession where you should go in expecting to lose,’ but it just doesn’t help. I d ..

Trading requires that you keep your emotions under control. You can’t be extremely disappointed or fearful. Extreme emotions can be distracting. They not only drain precious psychological energy ..

Trading decisions are frequently influenced by fear, hope, greed, and regret.  But, sometimes decisions are motivated by anger.  After a losing trade, you’ve probably heard people say, “ ..

Your mind has limits. You can only attend to and process a limited amount of information. Psychologists view the mind as analogous to a computer. Long-term memory is similar to a hard disk in that an ..

Trading can be an exciting profession. It’s exciting to think of how much money you can make, and how that money can change your life. Some traders enjoy anticipating how a trade will turn out, ..

Have you ever spent the day making trade after trade and gotten nowhere? You may have wondered why you woke up that morning or even bothered trading that day. Perhaps there have been a few days where ..

Successful traders are independent-minded. They don’t seek out the opinions of others. They don’t question their skills. They trust their intuitions and live by their own standards. Such c ..

The markets are chaotic and unpredictable. If you’re not careful, you can be unduly influenced by the sense of uncertainty. Depending on your personality, you may be easily swayed by the market ..

Jim is a hard-working father with two children. He loves his wife and enjoys the time he spends with his children. But when it comes to his job, it’s not the centre of his life. It’s just ..