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Trading Psychology
The Mechanics of Stock Price Movements
Contrary to popular belief by the majority of the general population and even investors and traders stocks are not tied to their fundamental values or even the companies that sold the shares to raise capital. Stock prices are tied to simply what the current buyer and seller in the market is willing to exchange ownership
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How New Traders Can Limit Their Pain
Trading is not all fun and games. We do not make money on every trade. It is not like other careers or jobs where you work and then get paid. Our pursuit is more like the life of an entrepreneur. Our idea may work or it may not. The
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If Babe Ruth was a Trader….
While Babe Ruth was not a trader he was the greatest home run hitter to ever play baseball for many, many years until Hank Aaron finally beat his record. I think it is appropriate to look at Babe Ruth quotes for trading because many of the most profitable traders of
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The 10 Steps to Trading With Mojo
You just can’t beat the person who never gives up.” -Babe Ruth You can read trading books until you are blurry-eyed, you can spend thousands of dollars on seminars, you can try to get successful traders to give you the secret sauce of trading and the holy grail. But, in the end it is simply
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Do You Trade like Captain Kirk or Mr. Spock?
Discretionary Traders Vs Systematic Traders In the classic Star Trek movies and television show Captain Kirk believed in his abilities to make the best decisions in the circumstances he found himself in. Mr. Spock contrasted against Kirk’s leadership style by using logic and reason along with probabilities of success to make the best
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Trading Success: How bad do you want it?
Do you want trading success bad enough to read one hundred quality trading books? Do you want it bad enough to review charts for hours? EVERY day? Do you want it bad enough to find the right mentor to help you in your trading quest? Will you attend the right seminars if you need to?
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3 Ways to Lose Money when you are Right, but your Trading is Wrong
Apple is at $610 you believe it will go to $680 in a month, instead of buying at $610 you want to buy on a pullback to $600, the pull back never comes and you just watch it go to $680 with no position. Apple is at $675 and you
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K.I.S.S. Principle for Traders
“There seems to be some perverse human characteristic that likes to make easy things difficult.” ~Warren Buffett “The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.” -Warren Buffett The biggest thing that trips up many new traders and even more experienced and
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