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When you put your money on the line, it’s hard to avoid getting a little emotional. Novice traders may be especially prone to experience a roller-coaster ride of emotions, feeling euphoric after ..

Winning traders are extremely disciplined. They astutely study the markets, devise a trading plan, and follow it. They control their impulse to abandon their plans prematurely, and they don’t allow ..

Many traders experience an emotional rollercoaster. They euphorically celebrate their wins, but soon face despair as their losses mount. Emotion control is one of the most complex issues a trader must ..

Market decisions are often driven by fear and greed. When we are afraid of potential losses, we sell. When we are greedy, we buy. Behavioural economists argue that it’s a little more complicated ..

Winning traders aren’t influenced by their emotions. The nature of trading demands an objective, logical approach. If one experiences extreme elation after a win and extreme disappointment after ..

Jack suddenly slammed his mouse against the wall. He was angry. He had been monitoring a trade, ready to take a quick profit, when other traders’ actions impacted the price and unexpectedly thwa ..

The stereotype of the ultimate trader has many of the same traits as Mr Spock on “Star Trek.” Mr Spock looks at events logically and objectively and follows a rational plan when approachin ..

Sam has been monitoring a position for the past week. He bought at $50 and had a target of $52. For the past week, the price moved according to plan. Sam was feeling good about his progress. He had be ..

A big ego reflects an exaggerated view of one’s abilities. We’ve often said in this column that such a mindset can be fatal for trading, where accurate and realistic perceptions of one’s ski ..

Traders are notorious for their overconfidence. They trade beyond their skill level and comfort zone and pay for it. It’s understandable, though. Who doesn’t want to win, and win big? For ..