Invest, Be Wrong, and Make Money in the Stock Market
January 23, 2008
I have been trading for several decades and was an exchange member and floor trader for 17 years. You learn fast there or you go broke in a hurry. As you can see I managed to hold my own for a few years until I found the secret and started to become a successful trader. Every professional trader I know knows the one great secret and that is to keep your losses small.
We all learned that when we took a position ? either long or short ? that we better be able to jump out if the trade was not going our way. Many of my friends were scalpers. That means they were trading for just a few ticks and every night went home flat. Flat is no positions at all.
Others, myself included, took a longer look and planned to hold a position for a period of time. That could be several days or weeks. If you were right the longer you held on the more money you would make.
The general public seems think that exchange members know everything and always made money.Tain’t so. Many traders were wrong more than 50% of the time. Huh? Yes, fifty percent. My account had losses 40% of the time and 20% were scratch trades (neither winners nor losers).
Credit Repair Through Debt Consolidation
January 22, 2008
Credit Repair Through Debt Consolidation
by: Brandon C. Hall
Although everyone’s economic status and situation is particular, almost all of us are in some sort of debt at any given time. This can mean small debts like credit card bills or in-store financing, as well as larger ones like outstanding loans and mortgages. What this means is that almost everyone is dependent on being allowed a certain amount of credit, and without credit many things that you take for granted will become difficult. The key to your credit status at any given time is your credit report that is maintained by a credit bureau. Once you fall into default, or miss payments to your creditors, your credit bureau will receive notice and you will find yourself saddled with a poor credit rating. Effective credit repair involves many different steps, and is particular to each individual’s situation. A good solution for most people in terms of credit repair, however, is debt consolidation.
Increase your Business Performance by Setting Performance Standards and Expectations for your Employees
January 21, 2008
Increase your Business Performance by Setting Performance Standards and Expectations for your Employees
by: Megan Tough
The success of your business is directly related to the commitment and productivity of the people who work in your business. And yet it is generally recognized that 60% of employees, or more, are underutilized in their roles at work.
So what are the factors that contribute to low performance standards and expectations?
Communication, or mis-communciation, is one of the major sources of low productivity. The messages that move between the owner, employees, managers and even customers are not understood in the same way. One classic example is that business owners tend to assume that employees and managers see things the same way they do.
Managers tend to lower their expectations (unconsciously) so that they will not have to confront employees. Most people dislike discussing declining performance with their employees, and so actively avoid having to do so by reducing heir expectations of what’s required.
Employees have a tendency to protect themselves from possible failure by pushing back on what is expected. They will often negotiate/bargain the job down to a more comfortable level.
(UTS) How Stops Help You To Make Money In The Stock Market
January 20, 2008
(UTS) How Stops Help You To Make Money In The Stock Market
by: David Jenyns
To make money in the stock market, setting stops is an imprecise science and involves a lot of trial and error, but it is an integral part of being a successful trader. A good analogy is to compare stops to buying insurance for your business. Should you avoid insurance altogether just because you’re not sure exactly how much you need, or because it will cost you a little money? No. Instead, you estimate and do the best you can, and in the end it will be well worth the effort.
Where insurance limits risk of loss through disasters, stops limit your risk of loss on bad trades. Stops make it possible to take small losses and get out when a stock goes against you, protecting your capital. Yet, some traders find that they are unwilling to take a loss on any stock. They don’t want to admit that they made a mistake.
Some Steps Towards Credit Repair
January 20, 2008
Some Steps Towards Credit Repair
by: Brandon C. Hall
Credit is an essential tool to most people’s lives. A good credit rating allows for many things that we take for granted: having a credit card, being able to rent property, qualifying for in-store financing etc. . . If you fail to make payments towards a creditor this will affect your credit report collected by your credit bureau, and will make doing the above things difficult if not impossible. When your credit rating becomes poor, you must take steps as soon as possible to repair it. Credit repair can be a slow process, and requires that you build a better credit rating over time. Here are some steps you should take:
1) Add accounts to your credit report. If you are denied for credit, you should immediately obtain your credit report from the credit bureau in question. Once you have the report you should examine it closely for errors. In the event that there are no errors, you may find that your credit rating is “poor” not because of outstanding debts, but because you don’t have enough of a credit history to inspire a good rating.
The “Ideal Job” Fantasy
January 19, 2008
The “Ideal Job” Fantasy
by: Megan Tough
Most people would agree that the concept of a job today is vastly different from that of 20 years ago. Organisations are changing at speed, technology has changed the face and pace of work, and globalisation is pushing every business to examine it’s operations in a totally different context.
How do we, the people that work within this changing environment, manage our own needs and wants.
Over the last 10 years I have had contact with many individuals searching for their place in the working world. For many, a growing sense of dissatisfaction with their work, or a general feeling that things aren’t as they should be, has left them with two questions to answer - “Why am I here?”, and “What would I really love to do for a job?”.
The concept of the ideal job is, I believe, fraught with danger. As long as we believe that there is a single job that will make us truly happy, then we are immediately limiting our actions and beliefs in searching for it. We set ourselves up for failure with expectations that the answer will “come” to us, or that a job needs to be perfect.
(UF) At Last .. A Trading Veteran Reveals The Truth About Technical Analysis of Stocks vs. Fundamental Analysis
January 18, 2008
(UF) At Last .. A Trading Veteran Reveals The Truth About Technical Analysis of Stocks vs. Fundamental Analysis
by: David Jenyns
Nothing we do in society prepares us to function effectively in the commodity markets and an environment with no real boundaries. But, most of us are brought up to function well in society, so we`ve acquired strategies for fulfilling our needs and desires that are geared toward social interaction and acceptance. We don`t just take what we want, we take other people into consideration, too. Not only have we learned to depend on each other to fulfill our needs and desires, but in the process we`ve acquired many socially based techniques for assuring that other people behave in a manner that is consistent with what we want.
The commodity markets may seem like a social endeavour because there are so many people involved, but they`re not. While we may have learned to depend on each other to fulfill basic needs, the market environment is different: it`s every person for themselves.
Create More Head Space - The Art Of Simplification
January 17, 2008
Create More Head Space - The Art Of Simplification
by: Megan Tough
People’s lives today are jam-packed with great projects, ideas, to-do lists, errands, things we should do, things we could do, duties and obligations. No surprise then, that many of us feel we barely have time to do the things we have to do (or think we have to do), let alone spare time for fitting in anything extra.
Why do we insist on keeping ourselves so busy? We have trained ourselves to believe that to be busy improves our chances of success in this world. The “no pain, no gain” mentality. Also, our minds love to be active. For many high achieving types, taking “mental time out” is tantamount to laziness!
Being busy is not necessarily a bad thing - often we accomplish a lot in our busy lives. But when we get to a point where the level of activity is running our lives, it’s time to take some action! Ask yourself:
Why do I choose to take on all the things I do?
Do I really understand what is driving these choices?
What are the things I can’t do that I would like to, because I am too busy?
(US) How to Pull Back and Bounce Back From a Bad Trade
January 16, 2008
(US) How to Pull Back and Bounce Back From a Bad Trade
by: David Jenyns
Everyone makes mistakes in the markets. But, how do you bounce back and pull back from a bad trade? There’s really no such thing as a perfect trader, and don’t believe anyone who says they’ve never had a loss. They have, and if they are any good, they’ve learned from their mistakes, and then put the mistakes behind them.
The key to success is learning how to pull back. First, you have to understand the basics. The good news is that the more you trade and the more experienced you become, the fewer mistakes you’ll make. If you use stops and pull back on all your trades, even a few large mistakes won’t wipe you out. Instead of being perfect, you should aim to improve continually, while using proper trading techniques and money management skills. But while it’s in your power to prevent avoidable mistakes, some market events can’t be planned for. The market cannot be made into a completely safe place
Online Forex
January 15, 2008
Q1: When you consider that the foreign exchange market has become the world’s largest financial market, with over $1.5 trillion USD traded daily, where does it go from here?
A1:The FX market is unique, in the UK there is no central exchange, we trade via the inter bank market. With more and more private individuals taking up margin trading and new forex brokers setting up, I can only see the market grow in the near future.
Q2: Other than great liquidity, what are the principal benefits attached to the forex market?
A2: There is less to consider when trading the forex markets, there are only a number of variables that affect the pricing.
Main advantages include
Forex Market allows 24 hour trading
Greater leverage - with most brokers offering 100 ? 1,
Less starting capital required,
More Liquidity - day trading has to have enough volume to make it worth our while. The currency market is more liquid than all the world stock markets put together. Currencies are always in action,
Free trading systems
