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Winning traders approach the markets with a detached, unemotional, and rational mindset. As much as you’ve heard us say it time and time again in this column, though, it probably doesn’t h ..

Even when you’re a short-term trader, making one quick, astute decision after the next, it’s necessary to plan carefully and act cautiously and deliberately. Consider the case of Andy, a novice tr ..

When playing a formidable opponent, it’s wise to take a defensive stance. An NFL quarterback uses shoulder pads and a helmet to make sure he has protection in case he gets sacked. The players on ..

When it comes to trading decisions, everyone has their own style. Although styles change as one gains more experience, each trader has his or her own natural style. Some people are intuitive while oth ..

Our common-sense approach to decision making often works quite well, but there are times when we arrive at decisions that are just plain wrong. This has led some psychologists, such as Amos Tversky an ..

When trading the markets, making a quick and decisive decision can be difficult. There are many sources of information to sift through, and many times, you don’t actually know if you’ve made a goo ..

To those who want to take home big profits, trading isn’t a hobby. It’s a serious business. If you want to make profits consistently, you must have respect for your trade. You must treat e ..

Traders often walk a tightrope between overconfidence and a lack of confidence. On the one hand, the overconfident trader may take unnecessary risks and make trades on impulse. But at the other extrem ..

Some people like facts and figures; others prefer trusting their intuition and looking for artistic expression in the trading realm. But the profession is big enough for all kinds of traders. Each typ ..

In the trading business, it’s prudent to take everything you hear with a grain of salt. Our field is full of false prophets who claim they can make you rich quickly and easily. Realistic sceptic ..