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It’s not the number of times you fail that matters. It is all about getting back up after you’ve been knocked down. Ask any successful person and you’ll find that he or she has exper ..

At first, if you don’t succeed, try, try again. And when you fall off a horse, it’s wise to get back on. Are these sayings appropriate for trading? In some ways they are, but in some ways, ..

When you have a psychological conflict, it’s in your best interest to resolve it as soon as possible. As an old saying goes, when you ignore a conflict, “it’s just one more thing in ..

Trading requires intense concentration. As easy as it sounds, it’s psychologically difficult to monitor trade and to prevent yourself from acting on impulse. The reasons for impulsive behavior a ..

Many people think the best way to cope with unacceptable ideas is to pretend that they are irrelevant and just don’t matter. It seems easier to deny the unpleasant or unacceptable than acknowled ..

When you put your money on the line, there’s a strong need to seek out perfection. Many novice traders believe they can get everything just right. They believe that they can locate infallible in ..

The winning trader has an intuitive feel for the markets. To trade profitably one must execute a trading strategy under ideal market conditions. If market conditions don’t match the strategy, th ..

Professional athletes practice extensively in preparation for a game. It’s critical to be well prepared, ready to perform at your best, and ready to take care of anything that may come your way. ..

Jim has just purchased 500 shares of a hot new company he’s liked for years. In a calm and rational manner, he notes that a set of momentum indicators suggests the price will keep moving upward. Des ..

Have you ever been at a party and felt a need to impress others. Many see trading as an exciting profession. It’s a glamorous job. Traders are seen as rich and powerful. People like to hear abou ..