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GOLD: The commodity remains biased to the upside following its price extension the past week. This development leaves more strength to the upside in the new week. On the downside, support comes in at the 1,190.00 level where a break will turn attention to the 1,180.00... read more
Has this happened to you as it did to Harvey? His eyes were at half-mast as he could barely focus on the chart staring back at him from the computer screen. He felt very tired like he had weights on his arms, and his mind was foggy. But, what was quite clear is that... read more
Richard heaved a heavy sigh. He was thoroughly perplexed, confused, frustrated and dejected as he struggled to understand why the stock he was trading had taken a dive in the late afternoon. The Earnings Report had good news and what’s more, the Bloomberg analyst had... read more
One of the things that I do to reduce and manage stress is to exercise about 5 to 6 times per week. It not only lowers stress and promotes the release of endorphins that help me to feel good, it also supports clear thinking and optimal health, both of which... read more
GOLD: The commodity took back its Friday losses to close higher on Monday. Tough seen hesitating, it still faces upside risk. On the downside, support comes in at the 1,170.00 level where a break will turn attention to the 1,160.00 level. Further down, a cut through... read more
GOLD: The commodity closed higher the past but could face correction in the new week. On the downside, support comes in at the 1,160.00 level where a break will turn attention to the 1,150.00 level. Further down, a cut through here will open the door for a move lower... read more
Merriam-Webster’s Dictionary defines greed as simply, “… a selfish and excessive desire for more of something (as money) than is needed.” Greed is often referenced as one of the main contributors to trading loss. Greed mangles the mind by distracting the trader from... read more
Trading is difficult…at best. It’s not that trading is rocket science; the difficulty is due in large part to the negative and often painful emotions that are activated throughout the trading process. Emotionally laden personal issues that get in the way of trading... read more
By now I’m sure you’ve heard that the two main emotions that enter into trading are fear and greed. Experienced traders accept that losses are a cost of trading.Tweet: Experienced traders accept that losses are a cost of trading. If you struggle with a fear of losing,... read more
GOLD: The commodity reversed its intraday losses to close higher on Tuesday. On the downside, support comes in at the 1,150.00 level where a break will turn attention to the 1,140.00 level. Further down, a cut through here will open the door for a move lower towards... read more
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