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Tim asks, “So how much money are you making?” His friend James timidly replies, “I’m doing all right.” Tim boasts, “Wow, I’m making so much money today. This market is so ..

When you look at the best and the brightest, it’s often necessary to merely admire them rather than actually become them. Not everyone can be the best and the brightest, but it’s nice to k ..

Dreamers are often exalted because they dared to achieve the seemingly impossible, but unless one’s dreams match specific and realistic actions, little becomes of them. Without well-defined plans, a ..

Many trading books describe the ideal trader as disciplined, a rule follower who devises a trading plan and sticks with it. Trading requires a certain kind of discipline, however. Not just any kind of ..

Why are folks initially attracted to trading? For many, it’s the money, especially the prestige and status that money can bring. But seasoned traders warn that when money, riches, respect, or an ..

Trading can be frustrating at times. You put in a heroic effort, but it doesn’t always pay off in the way that you had hoped. When you finally do win big, you naturally want to celebrate. You ma ..

It is important to reward yourself for a job well done. We feel pride after making a significant achievement and are especially proud when the achievement has increased our social status. Pride can be ..

It’s exciting to win. Trading is challenging. It requires well-honed skills and rock-solid confidence. After a winning streak, it’s easy to get a “swelled head” or a big ego. W ..

The old saying, “It’s not whether you win or lose but how you play the game” is especially relevant to trading. Many novice traders work under the assumption that winning is all that ..

Few things appeal more to our sense of greed than a hot stock-tip. Sometimes it comes in the form of a phone call: “I’ve got a buddy who works for Ajax Widgets,” the tipster will tell you, “an ..