Most professional athletes can tell you when they are “in the zone”—that special place that only they know about but it leads to maximum performance. Every one of those athletes will tell you that they got that way by strict discipline and practice. One of the things that they practiced...

The fastest way to go broke is to bet it all—all the time. Most traders don’t learn this lesson until they have had at least one blow-out; by that I mean they have lost all their equity quickly and have had to start over. For some reason, there is a tendency for traders of all age and...

Suppose you called your 401K manager this afternoon. Suppose you asked him “What is your plan for the next six months?” Suppose he told you “Oh—whatever. I just try to get on the right side and if I don’t I just get out” How long would that guy be managing your retirement money if...