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Casual Articles - So You Want To Become A Futures Day Trader
Becoming and staying customer-intimate requires more than building client knowledge and having expertise in re-engineering our customer’s business processes. We must offer more than just service. We need to maintain a broad product line that can be configured to the specific needs of a customer. It is important to know that an average product tailored to a customer’s very specific need is often better than the more advanced, but inflexible, product. Many times organizations are not obsessed by the leading edge; rather they embrace solid, tested products that can be tailored to fit their needs like a glove. It is important for us to produce unmatched value for our customers who do not necessarily want the very latest product - just the best result and help in obtaining it.1. It is necessary to understand the importance of empowerment and the critical role of individual initiative. It can be summed up in a one-word motto - THINK. It is important for us to be disciplined in order to live out this motto everyday in our interactions with customers.2. Client by client, we need to set targets for penetration, development, and growth. We need to use specific, detailed, and integrated customer data.3. A challenge is to assemble, integrate, and
When I meet a new trader who has some interest in what I am doing, this is probably the most frequently asked question: how long is it going to take me to be profitable with your method? This ‘trader’ has never traded real money yet, or has been losing at whatever ‘trading’ that they have done, yet what they want to know is how long will take to be profitable with a new method. My answer to questions like these is to first ask my own question: what
Not so long ago I was in the middle of a sales call when a prospect spoke up and said the words: "I always buy based on lowest price. Period."In response I explained that it's very rare that my price would be the lowest and that it probably wouldn't make sense for us to try to work together given his strict buying criteria.He seemed quite shocked that I would openly admit to being higher priced than some of my competitors and further that I would not agree to simply match the price of the lowest priced supplier.I went on to explain that my goal in working with clients was more focused on meeting their objectives and delivering on their goals then simply securing a quick signature.I added that some of my service offerings would be different than that of my competitors and that I could not simply "match the lowest price" unless he was willing to allow me to waive different aspects of my service offering.And even then the best I could do would be to subtract the value of those service offerings, which still might not put me in the lowest price position.In addition, I allowed that it would not be fair to my clients that had paid more to receive the level of service they have come to expect from me.I further explained t
Get real. IF systems like that really were available, or if day trading really was that easy, wouldn’t everyone be a rich day trader instead of being a statistic in the 90 percent of all day traders fail club? IF you can’t be truly realistic regarding this, truly believing and understanding the odds against you THEN you do not have a chance. You would really be best off ‘giving up’ on this idea about day trading, and save yourself a lot of pain and money.
Over the last nine years, I have known and worked with many traders, and over this time have seen the unrealistic expectations, and problems with their approach towards trading, where people who possibly had a chance to be successful were actually done before they started. I have thought about writing a book about this. The book would not be about how to day trade, but instead, it would be about how to learn how to day trade – the key word being learning NOT trade.
It Can’t Just Be About The Money
How can learning any new skill start with a total focus on the end result, instead of how you plan to achieve that result. That would be no different than trying to put the roof on a house before you built the walls, or expecting to receive your college degree the day that you begin classes. Talk about unrealistic expectations – these are impossibilities – as are any get rich quick trading schemes. Yet many come into day trading as what I refer to as a job replacement ‘trader’, this is a ‘trader’ who tells me the following: I know I need to spend the time making a trading plan and ‘properly’ paper trading it before I start trading real money, but I can’t, I just got laid off from my job and need to trade now to make some money. There is another statistic for the 90 percent club.
When I meet a new trader who has some interest in what I am doing, this is probably the most frequently asked question: how long is it going to take me to be profitable with your method? This ‘trader’ has never traded real money yet, or has been losing at whatever ‘trading’ that they have done, yet what they want to know is how long will take to be profitable with a new method. My answer to questions like these is to first ask my own question: what
You have a website for selling a product or for a business, great! You have toiled and spend many hours, days and possibly months' fine tuning, tweaking and adjusting to get it just right. You have uploaded your site to your hosting company and when you type in the website address, voila! there it is.But, lo, after a couple of weeks you decide to look for your website via some of the major search engines. Nothing appears and the cold sweat of realization hits you that you have made a mistake somewhere. Nothing could be further from the truth.Like most things in life when you get involved into something new, getting educated about your new endeavour gets in the way of just diving right into it. Well, to get results is going to take some learning, and fortunately there are some resources & strategies that are available to make this happen.Some of the key elements to get results are listed below; all these relate to an important aspect of getting people to your website, it is known as traffic.Keywords - Keywords are words that when used correctly can be listed on search engines using Pay-Per-Click advertising or Search Engine Optimisation and help promote traffic to your site. Try it yourself; type in "credit card" or "mov
Over the last nine years, I have known and worked with many traders, and over this time have seen the unrealistic expectations, and problems with their approach towards trading, where people who possibly had a chance to be successful were actually done before they started. I have thought about writing a book about this. The book would not be about how to day trade, but instead, it would be about how to learn how to day trade – the key word being learning NOT trade.
It Can’t Just Be About The Money
How can learning any new skill start with a total focus on the end result, instead of how you plan to achieve that result. That would be no different than trying to put the roof on a house before you built the walls, or expecting to receive your college degree the day that you begin classes. Talk about unrealistic expectations – these are impossibilities – as are any get rich quick trading schemes. Yet many come into day trading as what I refer to as a job replacement ‘trader’, this is a ‘trader’ who tells me the following: I know I need to spend the time making a trading plan and ‘properly’ paper trading it before I start trading real money, but I can’t, I just got laid off from my job and need to trade now to make some money. There is another statistic for the 90 percent club.
When I meet a new trader who has some interest in what I am doing, this is probably the most frequently asked question: how long is it going to take me to be profitable with your method? This ‘trader’ has never traded real money yet, or has been losing at whatever ‘trading’ that they have done, yet what they want to know is how long will take to be profitable with a new method. My answer to questions like these is to first ask my own question: what
The Cash Flow statement is complete. You know how much you have to invest. Where is the rest of the money coming from? A very tough question indeed. But the options are many.There are only three sources of cash, equity, debt or income from operations, which is not available for start-ups.After your own personal funds, many new ventures rely on family and friends. You may use second mortgages on your home, even refinancing your home. Cash values from insurance policies, borrowing from pension funds, using severance payments or bonus payments, where available, may provide additional equity. Some even use credit card limits. This is strongly discouraged and is expensive.Of course you can win the lottery but win it first.Beyond these personal funds, there are the banks, commercial lenders, credit unions and other financial institutions. Banks are not very interested in lending money to new companies with out solid collateral.There are federally guaranteed loans where the Small Business Administration may guarantee 85% of a bank loan up to $150,000.00 and 75% up to $2,000,000.00. There are licensed Small Business Investment Companies(SBIC), 504 certified development company loans and state and local lending programs. Each has its own
It Can’t Just Be About The Money
How can learning any new skill start with a total focus on the end result, instead of how you plan to achieve that result. That would be no different than trying to put the roof on a house before you built the walls, or expecting to receive your college degree the day that you begin classes. Talk about unrealistic expectations – these are impossibilities – as are any get rich quick trading schemes. Yet many come into day trading as what I refer to as a job replacement ‘trader’, this is a ‘trader’ who tells me the following: I know I need to spend the time making a trading plan and ‘properly’ paper trading it before I start trading real money, but I can’t, I just got laid off from my job and need to trade now to make some money. There is another statistic for the 90 percent club.
When I meet a new trader who has some interest in what I am doing, this is probably the most frequently asked question: how long is it going to take me to be profitable with your method? This ‘trader’ has never traded real money yet, or has been losing at whatever ‘trading’ that they have done, yet what they want to know is how long will take to be profitable with a new method. My answer to questions like these is to first ask my own question: what
Spam is one of those internet nuisances no one should have to put up with!But in many cases, the furious and avid anti-spam campaigner, while attempting to rid the internet of this nuisance, causes some very real and equally serious side effects. In fact, we should not have to put up with that either!Under the current climate of aggression towards the sending of SPAM emails, is it any wonder that hysteria is beginning to set in?Don't get me wrong, I am not condoning spam. I hate it with a passion. I am always very careful to ensure that the people on my mailing lists have chosen to be there. Verification is of the utmost importance when building my lists. As are clear instructions to unsubscribe should anyone wish to be removed.Adopting a double optin policy should be of primary importance to every online marketer and webmaster.But is this enough?The answer, it seems, is a resounding NO!In my own experience, people often forget that they have opted in. This can cause problems that really only reason can solve.But most of the time, I have to say, reason does not even get a look in. Take the case of a good and trusted friend of mine.He almost lost his entire downline (which he had worked VERY hard to bu
When I meet a new trader who has some interest in what I am doing, this is probably the most frequently asked question: how long is it going to take me to be profitable with your method? This ‘trader’ has never traded real money yet, or has been losing at whatever ‘trading’ that they have done, yet what they want to know is how long will take to be profitable with a new method. My answer to questions like these is to first ask my own question: what
Basic business writing (letters, memos, emails) today is supposed to be informal and conversational. "Write more like you talk" is the advice frequently given by business writing experts. Many of the grammar rules that we learned in school either no longer apply or have been altered to fit the times. American English is based on common usage, which means that even if something is done incorrectly according to the rules, if it's done often enough and by enough people, it becomes acceptable, much to the chagrin of most high school English teachers.One rule that is “on the cusp” regards the word alright, a nonstandard form of the words all right. American Heritage dictionary defines all right as an adjective: acceptable, correct, average or fairly healthy, and as an adverb: adequately, yes or without a doubt.The usage note on the American Heritage definition page says, Despite the appearance of the form "alright" in works of such well-known writers as Langston Hughes and James Joyce, the single word spelling has never been accepted as standard. … Consequently, one who uses "alright," especially in formal writing, runs the risk that readers may view it as an error or as the willful breaking of convention.<
When I meet a new trader who has some interest in what I am doing, this is probably the most frequently asked question: how long is it going to take me to be profitable with your method? This ‘trader’ has never traded real money yet, or has been losing at whatever ‘trading’ that they have done, yet what they want to know is how long will take to be profitable with a new method. My answer to questions like these is to first ask my own question: what are you planning to do to learn this method, how can you possibly become profitable with any method before you learn it? I can remember one specific ‘trader’ that I talked to 2-3 times before joining our group. In the conversations this trader told me how many thousands of dollars he had spent on trading systems, methods, and trading groups – it was almost like he was ‘bragging’ about it? He never learned how to trade, and he had never traded profitably. BUT once again the same question came up – how long is it going to take? I told the ‘trader’ my thoughts regarding this, while also saying that if this was the major concern that they would probably never learn it, and they really shouldn’t join the group. The ‘trader’ assured me that this time it would be different BUT it wasn’t – they never studied the training materials, but I would get an email every couple of days asking me when I thought they should start trading real money. And there is another statistic for the 90 percent club.
Trading just can’t be about the money, especially from the beginning, but really at any point in your trading career. Trading is about the process; that process being learning a method and the related trade setups, the creation of what I refer to as a base setup plan. Does it seem logical, that you actually need ‘something’ to trade before you get rich trading it? After this is done, start paper trading this plan in order to gain enough screen time and repetition that you can make adjustments – learning your mistakes and misreads that you make in real time execution. Accomplish this, and then begin to keep profitability records of your paper trading, first trading for profitability, and then trading for proficiency where you concern yourself with the percentage of profit potential you are gaining, not simply whether you make a profit.
How long is this going to take to do? Who knows, but there sure aren’t any shortcuts. Actually, it probably won’t ever happen. Paper trading to a proficient level really is a very difficult thing to accomplish, as ‘traders’ aren’t willing to work hard enough, and with the necessary commitment, as there is no financial reward from paper trading. Furtherm
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