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Casual Articles - Impatience Will Kill the Golden Goose
Let’s take audio books for example. Many who just think inside the box might just promote audio books. Those who think outside the box would use the audio book content to improve their website content and promote related products as well. They would also use this content to add name recognition and branding to their web pages.Many audio book affiliate programs just give you links to promote but what if you could generate unlimited content for your own website. This is what you can do with this audio book program, couple that with
• A trader will take a position much larger than the system’s risk parameters allow for because he wants to make a big profit quickly (often to try to make up for serious previous losses caused by violating other system rules), but then when the market goes against him he will panic and exit with a loss before the system loss point is hit because the pain of holding the over-sized position is too great to bear. Then, she will scream in frustration as she watches the market turn around and move back to profitability soon after she takes her premature loss.
These just begin to illustrate the danger posed by impatience if a trader cannot keep it under control. Meditation, frequent breaks from the market, a clearly defined trading system and a clear set of profitability goals (“Forex Freedom”, by Robert Bo
CATEGORIES OF OFFENSES: Most organizations have two categories of offenses in their policies. One category is for flagrant actions which are cause for immediate termination. Cited as examples of such offenses were theft of company property, gross negligence, and being intoxicated on the job. The second category comprises all other offenses for which some prior notification to the employee is required. In these cases, there is a slow but steady accrual of chronic problems or offenses, no single one enough to cause a termination, but take
A profitable trading system requires three basic elements and three fundamental characteristics. The basic elements are a strategy for entering positions, a strategy for protecting positions from unacceptably large losses, and a strategy for exiting positions with a profit. The fundamental characteristics of a profitable trading system are that winning trades are on average larger than losing trades, that the number of winning trades is larger than the number of losing trades, and that the frequency of trading signals is high enough to keep the attention of the trader focused on trading. (Of course, there can be successful variations on these fundamentals: for example, a system that produces 95% winners could have the average win much smaller than the average loss and still be profitable).
Once a profitable trading system is created, the trader’s inability to follow the rules of the system is the primary cause of unprofitable trading, and IMPATIENCE is one of the driving forces behind a trader’s inability to follow the rules.
Impatience will manifest itself in all of the following ways:
• A trader will follow a new trading system to the letter and begin to get good results, but will see ways that each individual trade could have had a better outcome by bending the system rules just a little. So, instead of being satisfied with X amount of income from the system, the trader will decide to try to achieve 2X income by changing the system rules on the fly, which always results in errors in judgment caused by fear and greed (which the system was designed to eliminate by its carefully formulated rules).
• A trader will see an entry signal forming (almost, but not quite – it needs Y action to manifest on the next bar before the signal becomes valid) and decide to enter a position on the supposition that the signal will trigger soon, anyway. Of course, the system was designed with black and white entry triggers, and violating these entry rules results in the arrival of bad behavior ruled by fear and greed.
• A trader will wait for hours (or days or weeks, depending upon the system’s time frame) for a proper signal to form and become frustrated by the lack of action on a slack day (or week or month . . .) and begin to talk herself into believing that a given scenario represents a valid signal, even though all the proper elements are not quite there, and enter positions that are doomed to failure because the market is just not in the correct mode for the system during that time.
• A trader will hold a winning position too long because he expects one trade to make up for the previous losing trade (or trades) in one swift move that is outside the parameters of profitability expected by the system.
• A trader will take a profit too soon because the market is taking longer to reach the system’s profit objective than she is comfortable with.
• A trader will take a position much larger than the system’s risk parameters allow for because he wants to make a big profit quickly (often to try to make up for serious previous losses caused by violating other system rules), but then when the market goes against him he will panic and exit with a loss before the system loss point is hit because the pain of holding the over-sized position is too great to bear. Then, she will scream in frustration as she watches the market turn around and move back to profitability soon after she takes her premature loss.
These just begin to illustrate the danger posed by impatience if a trader cannot keep it under control. Meditation, frequent breaks from the market, a clearly defined trading system and a clear set of profitability goals (“Forex Freedom”, by Robert Bor
Every day I get emails and I read message board and forum posts from what I call "naked and un-Attractive" marketers.What do I mean by "naked and un-attractive?"You've seen it...You receive an email or you read a message at a forum or message board.There is no friendly greeting (Hello Mary).There is no closing (Have a great day).There is no email signature with your name, phone, address, website, etc. (who are you?)There is no name in the email address showing in the "from" area of the em
Once a profitable trading system is created, the trader’s inability to follow the rules of the system is the primary cause of unprofitable trading, and IMPATIENCE is one of the driving forces behind a trader’s inability to follow the rules.
Impatience will manifest itself in all of the following ways:
• A trader will follow a new trading system to the letter and begin to get good results, but will see ways that each individual trade could have had a better outcome by bending the system rules just a little. So, instead of being satisfied with X amount of income from the system, the trader will decide to try to achieve 2X income by changing the system rules on the fly, which always results in errors in judgment caused by fear and greed (which the system was designed to eliminate by its carefully formulated rules).
• A trader will see an entry signal forming (almost, but not quite – it needs Y action to manifest on the next bar before the signal becomes valid) and decide to enter a position on the supposition that the signal will trigger soon, anyway. Of course, the system was designed with black and white entry triggers, and violating these entry rules results in the arrival of bad behavior ruled by fear and greed.
• A trader will wait for hours (or days or weeks, depending upon the system’s time frame) for a proper signal to form and become frustrated by the lack of action on a slack day (or week or month . . .) and begin to talk herself into believing that a given scenario represents a valid signal, even though all the proper elements are not quite there, and enter positions that are doomed to failure because the market is just not in the correct mode for the system during that time.
• A trader will hold a winning position too long because he expects one trade to make up for the previous losing trade (or trades) in one swift move that is outside the parameters of profitability expected by the system.
• A trader will take a profit too soon because the market is taking longer to reach the system’s profit objective than she is comfortable with.
• A trader will take a position much larger than the system’s risk parameters allow for because he wants to make a big profit quickly (often to try to make up for serious previous losses caused by violating other system rules), but then when the market goes against him he will panic and exit with a loss before the system loss point is hit because the pain of holding the over-sized position is too great to bear. Then, she will scream in frustration as she watches the market turn around and move back to profitability soon after she takes her premature loss.
These just begin to illustrate the danger posed by impatience if a trader cannot keep it under control. Meditation, frequent breaks from the market, a clearly defined trading system and a clear set of profitability goals (“Forex Freedom”, by Robert Bo
There is much confusion in the minds of many B2B orgnaisations - particularly SMEs - about the distinction between lead generation and telemarketing. Many even quite senior business professionals do not understand the distinction and see the two as interchangable terms. This article sets out to try and help clarify this situation and draw a clear distinction between these quite different activities. The article is not an attempt to argue that one is better than the other, it simply sets out the main differences between the two activitie
• A trader will see an entry signal forming (almost, but not quite – it needs Y action to manifest on the next bar before the signal becomes valid) and decide to enter a position on the supposition that the signal will trigger soon, anyway. Of course, the system was designed with black and white entry triggers, and violating these entry rules results in the arrival of bad behavior ruled by fear and greed.
• A trader will wait for hours (or days or weeks, depending upon the system’s time frame) for a proper signal to form and become frustrated by the lack of action on a slack day (or week or month . . .) and begin to talk herself into believing that a given scenario represents a valid signal, even though all the proper elements are not quite there, and enter positions that are doomed to failure because the market is just not in the correct mode for the system during that time.
• A trader will hold a winning position too long because he expects one trade to make up for the previous losing trade (or trades) in one swift move that is outside the parameters of profitability expected by the system.
• A trader will take a profit too soon because the market is taking longer to reach the system’s profit objective than she is comfortable with.
• A trader will take a position much larger than the system’s risk parameters allow for because he wants to make a big profit quickly (often to try to make up for serious previous losses caused by violating other system rules), but then when the market goes against him he will panic and exit with a loss before the system loss point is hit because the pain of holding the over-sized position is too great to bear. Then, she will scream in frustration as she watches the market turn around and move back to profitability soon after she takes her premature loss.
These just begin to illustrate the danger posed by impatience if a trader cannot keep it under control. Meditation, frequent breaks from the market, a clearly defined trading system and a clear set of profitability goals (“Forex Freedom”, by Robert Bo
For those of you who have decided to become truck drivers because you think it's a easy job, better do some more research. A truck driver's job is not a easy ..Seven problems of a drivers job are:1. Gone from home for long weeks at a time. A otr driver must stay out on the road to make good money. So therefore he has to be gone from home sometimes for weeks. Of course there are the jobs that you can come home more often, but if you are at home, you are not making any money.2. Driving
• A trader will hold a winning position too long because he expects one trade to make up for the previous losing trade (or trades) in one swift move that is outside the parameters of profitability expected by the system.
• A trader will take a profit too soon because the market is taking longer to reach the system’s profit objective than she is comfortable with.
• A trader will take a position much larger than the system’s risk parameters allow for because he wants to make a big profit quickly (often to try to make up for serious previous losses caused by violating other system rules), but then when the market goes against him he will panic and exit with a loss before the system loss point is hit because the pain of holding the over-sized position is too great to bear. Then, she will scream in frustration as she watches the market turn around and move back to profitability soon after she takes her premature loss.
These just begin to illustrate the danger posed by impatience if a trader cannot keep it under control. Meditation, frequent breaks from the market, a clearly defined trading system and a clear set of profitability goals (“Forex Freedom”, by Robert Bo
Last week, one of my clients—we'll call him Rick—had a demo scheduled with a prospect. The standard "show up and throw up" they typically did early in the sales cycle.Trying to shorten the sales cycle, I asked naively, "Why does the customer want to buy? What are they trying to accomplish?" Rick couldn't tell me. I asked if he thought the salespeople knew. He said no. I gave him an assignment: he had to find out "Why," "Why now," and "What's it worth." Otherwise no demo.In other words, no compelling reason to buy...No demo
• A trader will take a position much larger than the system’s risk parameters allow for because he wants to make a big profit quickly (often to try to make up for serious previous losses caused by violating other system rules), but then when the market goes against him he will panic and exit with a loss before the system loss point is hit because the pain of holding the over-sized position is too great to bear. Then, she will scream in frustration as she watches the market turn around and move back to profitability soon after she takes her premature loss.
These just begin to illustrate the danger posed by impatience if a trader cannot keep it under control. Meditation, frequent breaks from the market, a clearly defined trading system and a clear set of profitability goals (“Forex Freedom”, by Robert Borowski illustrates a step by step strategy for building capital in a rational manner without impatience) can all help to keep the trader relaxed and trading within the rules, resulting in profits instead of losses.
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