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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 ..

Have you ever planned a trade that seemed a sure winner, yet we’re surprised to find it had failed? A plan could look great when you think of it, but after it fails, and you had time to think ab ..

Do you remember your first impressions of trading? Perhaps you were young and had a strong desire to achieve early success, but if you were like most people, you had unrealistic expectations about the ..

Jim is a novice trader who is deeply frustrated and ready to give up. He’s read all the trading books, followed all the trading “gurus,” and worked tirelessly day after day. Despite ..

Top-notch traders trade in a higher psychological sphere. Trading is a peak experience where everything seems to click. Winning traders trade in the zone. They reach a psychological state that is inhe ..

When trading the markets, uncertainty is often a fact of life. Consider the plight of Jack who tried to add as much certainty into his trading as possible. He decided to invest in a solid retailer. Co ..

Humans have a tenacious need to protect their assets and avoid risk. This is especially true for novice traders. It took a long time to build up sufficient capital to trade seriously, and it’s u ..