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If you haven’t seen the “Wizard of Oz,” you are in for a treat. It is a great movie on multiple levels. The climax occurs when the heroine, Dorothy Gale, reveals that a great wizard is only a co ..

Did oil prices ruin your trading plans this week? Adverse events, such as foul weather in the Gulf, are just one of the many sources of stress an active trader must contend with. If you’re not c ..

Carl has dreamed of being a winning trader since he was a teenager. He tracked the market in high school and started trading stocks in college. But he has blown out twice in the last five years. He wo ..

A reality of trading is that a trader must doggedly make trade after trade, yet may often face loss after loss before realizing a win. Trading requires persistence in the face of seemingly constant se ..

Trading is a challenging business. Only the most skilled traders can make a living as an active, full-time trader. Trading experts suggest that novice traders approach trading the same way that studen ..

Bob’s been trading for the past year. He’s still a novice, but he has made hundreds of trades. He’s going long on Intel today. He has a plan. He has managed his risk. This trade is j ..

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 ..