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The market seems to be going down. Is it time to think about gloom and doom? Perhaps. At least some market analysts seem to think that the masses have lost confidence in the economy, and these percept ..

It’s wise to learn from your mistakes. There’s no sense in making the same mistake twice. Despite the wisdom of this sage advice in everyday life, however, it may not work very well for tr ..

Stan’s been in a slump. He’s made very few winning trades in the past month. He’s starting to question his skills as a trader and wondering if he will ever return to profitability. H ..

It’s hard to come back when you’re down. Trading is easier when you are ahead of the game. There’s no pressure to make up losses. You feel free and creative, ready to take a risk. Bu ..

The number of psychological theories to explain human behaviour seems endless. It’s as if every psychologist wants to propose his or her own theory, and convince the rest of the psychological co ..

At a family reunion, Jake meets his second cousin for the first time, Ron, an insurance agent. Ron asks Jake, “What do you do for a living?” “I’m a trader,” says Jake pro ..

A goal of every trader is to consistently earn substantial profits. It’s hard to achieve this goal, however. The only way it can be done is through persistence and practice. Many are drawn to tr ..

Did you invest in stocks during the rally earlier this year and now regret your decision? If you are a short-term trader, you may want to just accept the loss and close the position, but longer-term i ..

In “The Disciplined Trader,” Mark Douglas suggests, “Execute your losing trades immediately upon the perception that they exist. When losses are predefined and executed without hesit ..

The winning trader looks at a trade objectively. One’s self-esteem and identity are not on the line. All that is on the line is mere money, an abstract, meaningless stake. A common saying to hee ..