New Year’s resolutions are often made and broken within the first days of January. The most popular resolutions, things like losing weight or quitting smoking, require will power and action. Traders can succeed with a simple resolution to act less often in the year ahead and to buy or sell only wh

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An Emotional Braking System Failure “I left money on the table yesterday, and I’m not going to leave money on the table this time!” Harry silently declared, “I’ve missed out too many times – I’m going to ride this one and clean up.” Harry could feel the excitement pulsing in his vein

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By Martha Stokes, C.M.T. © copyright 2007 all rights reserved. Every seminar and book will tell you that controlling your emotions and having discipline in you’re trading are essential to your success. But no one tells you how to achieve emotional control and personal discipline while trading th

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Dr. Van K. Tharp is a specialist in the area of trading psychology. He is the author of Trade Your Way to Financial Freedom, Safe Strategies for Financial Freedom, Financial Freedom Through Electronic Day Trading. He is featured in Jack Schwager’s classic Market Wizard’s: Interviews with

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By Adrienne Toghraie ©2009, Reprinted with permission of Traders World Magazine (www.tradersworld.com) Psychologists would tell you that being in a delusional state means that you are psychotic – obviously not a good thing, especially when you need to know what is really going on in the world. B

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In the early part of the 20th century, Jesse Livermore was the most successful (and most feared) stock trader on Wall Street. He called the stock market crash of 1907 and once made $3 million in a single day. In 1929, Livermore went short several stocks and made $100 million. He was blamed for the s

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