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,…

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…

Reserves are funds in our account that are held back from trading, and usually parked safely on the sidelines in risk-less money-market instruments. The effect of holding reserves is to reduce net leverage. A workable rule of thumb that has evolved over time out of the real-world trading arena is…

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…

At 47 years old, Julio Franco is the oldest player in major league baseball by more than four years. He broke into the majors in 1982 ? one year before Carl Yastrzemski retired. That’s what you call “experience.”

Pyramiding is adding to positions as price moves in the desired trend direction. Pyramiding is a highly aggressive trading strategy suitable only for full-time professional traders who know how to control risks and have the discipline to execute a tested plan consistently. Pyramiding should be executed only according a predetermined…