Creating a Match Between Our Skills and Trading Goals

In order for us to perform at our very best, it is essential that we match our trading skills with our financial goals. The problem is, many of us either over-estimate our skill level or under-estimate it. This is a mistake that can be quite costly. Ari Kiev, author of the book, “Trading to Win:…

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Centered Trading

If we are to be profitable traders, we need to maintain control over our emotions. We must not let our emotions get the best of us and divert our attention. Our attention should be concentrated upon the markets and when there are changes in the market we should be able to keep our composure. According…

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Patiently Waiting For Financial Success

Most of us have probably imagined how great it would be if we could get rich quick. That does sound great, but unfortunately, it’s this type of thinking that gets many traders into trouble. To make money trading, patience is one of the necessary ingredients. First, we have to build our trading skills, then save…

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Holding on to False Hope

Mark Douglas in “The Disciplined Trader” makes the suggestion to “execute your losing trades immediately upon perception that they exist. When losses are predefined and executed without hesitation, there is nothing to consider, weigh, or judge and consequently nothing to tempt yourself with. There will be no threat of allowing yourself the possibility of ultimate…

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How to Help Your Kids Become Millionaires

It is never too early for our kids to begin investing. Even at a young age, they can start influencing their financial future. We were kids once too and we know how tempting it is to spend that first pay check. Our friends are spending theirs and buying new clothes, cars and other exciting things.…

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