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Don't Fall Into the Trader's Trap
Feel that little surge of excitement when you make a trade? Just be sure to keep your head on straight, or you could end up belonging in a 12-step program. It turns out there’s one more thing people can get addicted to—investing. The New York Times recently reported that, “brain images of drug addicts who are about to take another hit are indistinguishable from those of traders who are making money and about to place another trade.” The good news is you don’t have to be an emotionless robot to succeed at investing and not become an addict. Just like in the other parts of your life, you simply need to make sure that you don’t make all of your decisions based solely on your emotions.