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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 ..

Can an ant move a rubber tree plant? Perhaps it can if it has “high hopes.” This image exemplifies the eternal optimist. The power of positive thinking, if only we could muster enough of i ..

Jim was tired of commuting to work in two hours of rush hour traffic every day. He thought, “If I could only work from home and avoid the stress and monotony of driving day in and day out, IR ..

Bill has had a bad day. He’s down $1,000. He thinks, “I can’t end the day down $1,000. I’ve just got to make that money back by the end of the day.” He continues to trade ..

Making profits is often a matter of thinking and feeling like a winner. In their book, “The Mental Edge,” Kenneth Baum and Richard Trubo (1999) argue that tapping into your history of succ ..