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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 ..

How do you react to unanticipated events during the trading day? When you are trying to put on a position, are you upset when you can’t get a complete fill? When your DSL line goes down, do you ..

When you ask most short-term traders if fundamental analysis ever plays a role in their decision-making, they usually roll their eyes. For the most part, this indifference is justified, particularly f ..

Our emotions are closely tied to our expectations. If we expect to receive love and affection from our spouse after a long, stressful drive through an extra 60 minutes of rush hour traffic, we are ups ..

John has been looking at a profitable trade setup all day. He has tediously studied indicator after indicator, even though many are redundant and converge. He continues his search, nevertheless. He ir ..

A dream. Pure hope. A winning lottery ticket. These images capture what the masses think of trading. They don’t take it seriously, and in the past couple of years, they think anyone who trades is wa ..

Winning traders are driven by a strong motivation to achieve. Trading coaches and seasoned traders have observed that the most profitable traders are those who decided early in life to chase success. ..

If you’re driven to succeed, in all likelihood, you are an overachiever. And as an overachiever, you strive for perfection. The need for perfection can go too far, however. I’m all for str ..

All animals, even humans, need a reward before they act. Why does something if you can’t get something out of it? Our strongest motives are to satisfy physical needs, such as hunger. When an ani ..