Traders who want to be successful must believe that they are responsible for the outcomes of their trades – both losers and winners, says Bob Prechter. They particularly have to learn how to deal with losses, since losses are part of the trading terrain. You’ve got to be able to…
Category Archives: General Investing
March Madness’s Trading Secret
March Madness – aka the NCAA college basketball tournament – is known for its fabulous upsets and its infamous chokes: like Gonzaga choking against UCLA in the Sweet Sixteen last week, losing in the final 10 seconds of the game after leading all game long. We’ve all seen it happen,…
Paper Trading Can Pump You Up, But It’s Not Real
When a baseball player in his late 30s hits the ball harder and more often than he did in his mid-20s, none of us believes that’s “normal.” The latest news about Barry Bonds’ alleged steroid use strongly suggests that it helped pump up his unprecedented hitting statistics since 1999. Sports…