| Casual Articles |
Hubs | Hubbers | Topics | Request |
| #1 in Business | Subscribe Email Print |
|
You are here: Home > Finance > Currency Trading > How To Stay In The Game |
|
Casual Articles - How To Stay In The Game
If You're Serious About Your Business - M.A.P. it Out! r your stop, each day becomes more dangerous. Many times it doesn't resolve itself higher and we have to sell for a bigger loss than we should have.When I'm traveling to someplace new, I like to get directions beforehand. Sure there's something to be said for the proverbial "scenic routes" and "roads less traveled," but, as Yogi Berra noted, "You've got to be very careful if you don't know where you're going, because you might not get there."A business plan serves a similar purpose. It's like MapQuest®, except that you choose both the destination and the route you want Over the past few weeks, with the market being so incredibly choppy, we've seen several positions move up sharply and then just as sharply fade back. Holding to the stop or worse like holding below our entry has been a bad bet more times than not. So, my word of advice in a market like this is to not try and overstay your welcome. Until we bust out or break down out of this range, taking what you can, versus sticking to self imposed s Customizing Your Business Card There are many many times that we take a position, it moves higher and higher and then starts to pull down. Maybe it looses 30 cents one day, then 50 cents the next day. By the third day it's hovering at or even violating our stop. If we feel the pull down is of no fault of the company itself, we might let it fade the stop, or finally just fold it up and move on.As we all know business cards are an excellent marketing tool and strategy. So why not boost that strategy with your very own custom business cards? I know what you are thinking, “these must be expensive and im not in the least bit creative so how can I create my own business card and where do I go to get it? I think ill stick with my usual business card printer.” But do u know what the problem with using your usual printer, they p But that creates the "why didn't I sell?" Syndrome. We all kick ourselves when a stock is at 103 one day, then 102.60, then 102.25, and we finally pull the trigger at 102.00, and wonder why we didn't sell at the top. Well the answer of course is that no one really knows what the top is. But that's not what I want to focus on here today. Everyone has different trading parameters. Some are comfy holding a stock down 4 dollars. Some are in a panic if it's down 10 cents. Some are looking for 3, 4, 6 month time frames. Some are looking at today, and "to heCK" with tomorrow. We all have a different view of what we are doing and for how long. I never enter a trade with the idea of it being a one day event. Okay, I apologize, I think we have done that on one day earnings runs, etc, but overall, it's not what we are looking for. The fact is we don't have a time limit or a price target to shoot for. We hope we enter something and watch it slowly inch it's way ever higher, and we make 100% on it, even if it takes a month or more. Sometimes we do, more times we don't. Overall market mood, bad news, economic reports, etc, can all conspire to make a stock drop, and I'm not into holding through the pain like some are. So, what's my point? Just this folks. If you enter a trade with us and it's climbing nicely and then starts to fade, there is no rule that says you have to hold it to our stops, there's no rule that says you have to hold it over night, nothing. In other words, if you are comfortable with the gains a stock has made since the time you bought in, then by all means sell it. If it goes on for more, don't kick yourself, say a prayer of thanks that you got "some" and now someone else is getting "some." I will occasionally hold a stock below our suggested stop. Maybe I really believe in the story, or maybe I just think it wasn't right that the stock got tossed in the trash in sympathy with a sector leader or what have you. But once you do hold it under your stop, each day becomes more dangerous. Many times it doesn't resolve itself higher and we have to sell for a bigger loss than we should have. Over the past few weeks, with the market being so incredibly choppy, we've seen several positions move up sharply and then just as sharply fade back. Holding to the stop or worse like holding below our entry has been a bad bet more times than not. So, my word of advice in a market like this is to not try and overstay your welcome. Until we bust out or break down out of this range, taking what you can, versus sticking to self imposed st Promo Black Box - Is This The Right Solution To Your Marketing Needs? the answer of course is that no one really knows what the top is. But that's not what I want to focus on here today.The internet is exploding in terms of growth all over the world yet most businesses are slow to catch on. Nine out of every ten businesses are not proficient in internet marketing. They desperately need help with their internet marketing techniques! Since the inception of the Internet, most small to medium sized companies have ignored the enormous impact a well designed internet marketing strategy can have on its ultimate growth. Everyone has different trading parameters. Some are comfy holding a stock down 4 dollars. Some are in a panic if it's down 10 cents. Some are looking for 3, 4, 6 month time frames. Some are looking at today, and "to heCK" with tomorrow. We all have a different view of what we are doing and for how long. I never enter a trade with the idea of it being a one day event. Okay, I apologize, I think we have done that on one day earnings runs, etc, but overall, it's not what we are looking for. The fact is we don't have a time limit or a price target to shoot for. We hope we enter something and watch it slowly inch it's way ever higher, and we make 100% on it, even if it takes a month or more. Sometimes we do, more times we don't. Overall market mood, bad news, economic reports, etc, can all conspire to make a stock drop, and I'm not into holding through the pain like some are. So, what's my point? Just this folks. If you enter a trade with us and it's climbing nicely and then starts to fade, there is no rule that says you have to hold it to our stops, there's no rule that says you have to hold it over night, nothing. In other words, if you are comfortable with the gains a stock has made since the time you bought in, then by all means sell it. If it goes on for more, don't kick yourself, say a prayer of thanks that you got "some" and now someone else is getting "some." I will occasionally hold a stock below our suggested stop. Maybe I really believe in the story, or maybe I just think it wasn't right that the stock got tossed in the trash in sympathy with a sector leader or what have you. But once you do hold it under your stop, each day becomes more dangerous. Many times it doesn't resolve itself higher and we have to sell for a bigger loss than we should have. Over the past few weeks, with the market being so incredibly choppy, we've seen several positions move up sharply and then just as sharply fade back. Holding to the stop or worse like holding below our entry has been a bad bet more times than not. So, my word of advice in a market like this is to not try and overstay your welcome. Until we bust out or break down out of this range, taking what you can, versus sticking to self imposed s Effective Presentations - Dress For Success not what we are looking for. The fact is we don't have a time limit or a price target to shoot for. We hope we enter something and watch it slowly inch it's way ever higher, and we make 100% on it, even if it takes a month or more. Sometimes we do, more times we don't. Overall market mood, bad news, economic reports, etc, can all conspire to make a stock drop, and I'm not into holding through the pain like some are.A recent study by an American University shows that 55 percent of our total message in face-to-face interactions is communicated through body language. A big part of body language is how you dress.Listeners form an initial impression about you within the first seven seconds of meeting you. They decide whether they like you, trust you, and want to do business with you. We'll discuss non-verbal communication as it pertains to So, what's my point? Just this folks. If you enter a trade with us and it's climbing nicely and then starts to fade, there is no rule that says you have to hold it to our stops, there's no rule that says you have to hold it over night, nothing. In other words, if you are comfortable with the gains a stock has made since the time you bought in, then by all means sell it. If it goes on for more, don't kick yourself, say a prayer of thanks that you got "some" and now someone else is getting "some." I will occasionally hold a stock below our suggested stop. Maybe I really believe in the story, or maybe I just think it wasn't right that the stock got tossed in the trash in sympathy with a sector leader or what have you. But once you do hold it under your stop, each day becomes more dangerous. Many times it doesn't resolve itself higher and we have to sell for a bigger loss than we should have. Over the past few weeks, with the market being so incredibly choppy, we've seen several positions move up sharply and then just as sharply fade back. Holding to the stop or worse like holding below our entry has been a bad bet more times than not. So, my word of advice in a market like this is to not try and overstay your welcome. Until we bust out or break down out of this range, taking what you can, versus sticking to self imposed s 8 Ways to Cope in a Hostile Work Place our stops, there's no rule that says you have to hold it over night, nothing. In other words, if you are comfortable with the gains a stock has made since the time you bought in, then by all means sell it. If it goes on for more, don't kick yourself, say a prayer of thanks that you got "some" and now someone else is getting "some."Do you get stressed out at the thought of going to work every morning?Does the thought of spending eight or more hours at work each day get you all wound up and sweaty?Do you constantly find yourself wishing that Monday mornings were Friday evenings?Does the mere thought of interacting with your boss or co-workers leave you feeling emotionally drained?If these feelings have nothing to do with your ineffe I will occasionally hold a stock below our suggested stop. Maybe I really believe in the story, or maybe I just think it wasn't right that the stock got tossed in the trash in sympathy with a sector leader or what have you. But once you do hold it under your stop, each day becomes more dangerous. Many times it doesn't resolve itself higher and we have to sell for a bigger loss than we should have. Over the past few weeks, with the market being so incredibly choppy, we've seen several positions move up sharply and then just as sharply fade back. Holding to the stop or worse like holding below our entry has been a bad bet more times than not. So, my word of advice in a market like this is to not try and overstay your welcome. Until we bust out or break down out of this range, taking what you can, versus sticking to self imposed s The Truth About Network Marketing Business Opportunities on the Internet r your stop, each day becomes more dangerous. Many times it doesn't resolve itself higher and we have to sell for a bigger loss than we should have.Like a lot of people you have been approached with an opportunity to own a business that has the ability to catapult you out of your current job and into a world of financial independence.There are some things that I think everyone should be aware of when getting involved with a new business venture. Now is the time to unravel the secrets and mysteries of network marketing business opportunities.Let’s get down to bus Over the past few weeks, with the market being so incredibly choppy, we've seen several positions move up sharply and then just as sharply fade back. Holding to the stop or worse like holding below our entry has been a bad bet more times than not. So, my word of advice in a market like this is to not try and overstay your welcome. Until we bust out or break down out of this range, taking what you can, versus sticking to self imposed stops, is probably more profitable. The best way to maximize profits and still "stay in the game" is to sell portions of your position. A stock that's up for you a dollar or two in a couple days, is a victory, and taking one third or one half off the table locks in that portion of profit and lets you be a bit more relaxed with the balance. In a choppy market, you simply "have" to be more nimble, and act a bit quicker than you would in a trending market. It's a lot more work, but it's certainly worth the effort.
HTTP = HTML link (for blogs, profiles,phorums):
Related Articles:Technical Competence vs Technical Expertise Practical Money-Saving Tips For Small Businesses Website Design - Painting the Web
|