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Casual Articles - How To Handle A String Of Losses
No matter how much money you have in your marketing budget, it seems there’s never enough. From the marketing department at Microsoft to the small nonprofit start-up, there’s always the desire to expand your budget for more effective promotion.On the surface, trade shows may not seem to be the best use of those marketing dollars. But when you factor in some basic components of effective marketing strategy, such as target audience, immediate one-on-one personal attention and follow-up, there are few marketing strategies that produce such a strong return on investment.Now, a good marketing plan will include more than just attending trade shows. For maximum exposure in your market, you must h
"YOUR SYSTEM" CHECKLIST
> Was your system thoroughly tested prior to trading it (or paper traded if you do not have the capacity to programme your system into backtesting software)?
> Did you test with out-of-sample data?
> Do you even have a system???? If you do not, how do you even know if the method that you are trading is even profitable??
> Is your system's code correct?
> Did you over-optimize your system? (what have we discussed about over-indulging?)
> Did you paper trade your system prior to placing capita
Setting a career goal or objective is a personal challenge a person makes to himself or herself within a limited period by setting deadlines. The most successful people are usually ones that have set career goals for themselves. They know what they want to do, and work and plan towards achieving those results. It is never too early or too late to start setting career goals and working towards them.Difficulties in setting goalsOne of the most difficult issues in setting a career goal is recognizing exactly what a person wants. Even after they have a career goal chosen, often there are still doubts in their mind about the choices they make. Determining exactly what an individual wants is
In this article we bring to light these self-destructive actions that can help you realize what you are doing before it takes hold of your physical health. If you find yourself already engaged in these patterns hopefully this article can help you to get you back on track as quickly as possible.
The Destructive Patterns
If you find yourself caught in a string of losses or a bad performing week/month be sure to monitor your behavior. It is during this time that you will be at your most vulnerable. You will begin to indulge in activities that at first seem harmless, but upon excessive use (or in time), begin to cause physical damage to your health.
Ask yourself the following question: during during drawdown periods do I find myself over-indulging in these activities:
> Food (especially junk food - eg. chocolate, ice-cream, chips)?
> Sex (includes viewing pornography)?
> Alcohol?
> Drugs (includes excessive smoking)?
> Laziness (find it difficult to wake up in the morning)?
> Entertainment?
All of the above taken in excessive doses can be detrimental to your own physical health (some even in small doses!).
These activities above during your losing period are only covering up the pain of confronting the true issue, and your body tries to rid the emotional pain by trying to "fix" it with physical pleasures. Unfortunately it is going about it in the wrong way, so what should you do?
Firstly... REALIZE WHAT YOU ARE DOING AND STOP IT!
You need to realize what you're doing and you need to STOP doing it immediately! You can either decide to stop, or you'll be forced to stop when your body eventually breaks down and prevents you from any form of movement. It will be much more beneficial to you in the long-term if you can decide to stop *NOW*.
Once you have stopped you now need to figure out a way to solve the pain - not by cutting out or neglecting it, but by staring it in the face. Bring your problems out into the light, be honest with yourself. There can be no growth without pain, you are experiencing the emotional pain, now it is time to find the error and therefore your growth.
Begin Your Review
The review process begins in two separate areas: You & Your System. Here are some checklists for you to go through to find out where the problem could lie:
"YOUR SYSTEM" CHECKLIST
> Was your system thoroughly tested prior to trading it (or paper traded if you do not have the capacity to programme your system into backtesting software)?
> Did you test with out-of-sample data?
> Do you even have a system???? If you do not, how do you even know if the method that you are trading is even profitable??
> Is your system's code correct?
> Did you over-optimize your system? (what have we discussed about over-indulging?)
> Did you paper trade your system prior to placing capita
Understanding what you want to accomplish is critical to a successful outsourcing venture. Although there are many who claim to offer offshoring procurement services, the fact remains that only the business contemplating outsourcing can determine the what, who and when of any offshore service project.To this end, a business needs to understand the WHAT of any outsourcing project. The what of course, is what will be outsourced. It's not enough to simply state we're gong to outsource IT technology services, or Human Resources, or any other facet of the business. To determine the WHAT means an intimate understanding of how your business is currently handling that work.So the first order o
The Destructive Patterns
If you find yourself caught in a string of losses or a bad performing week/month be sure to monitor your behavior. It is during this time that you will be at your most vulnerable. You will begin to indulge in activities that at first seem harmless, but upon excessive use (or in time), begin to cause physical damage to your health.
Ask yourself the following question: during during drawdown periods do I find myself over-indulging in these activities:
> Food (especially junk food - eg. chocolate, ice-cream, chips)?
> Sex (includes viewing pornography)?
> Alcohol?
> Drugs (includes excessive smoking)?
> Laziness (find it difficult to wake up in the morning)?
> Entertainment?
All of the above taken in excessive doses can be detrimental to your own physical health (some even in small doses!).
These activities above during your losing period are only covering up the pain of confronting the true issue, and your body tries to rid the emotional pain by trying to "fix" it with physical pleasures. Unfortunately it is going about it in the wrong way, so what should you do?
Firstly... REALIZE WHAT YOU ARE DOING AND STOP IT!
You need to realize what you're doing and you need to STOP doing it immediately! You can either decide to stop, or you'll be forced to stop when your body eventually breaks down and prevents you from any form of movement. It will be much more beneficial to you in the long-term if you can decide to stop *NOW*.
Once you have stopped you now need to figure out a way to solve the pain - not by cutting out or neglecting it, but by staring it in the face. Bring your problems out into the light, be honest with yourself. There can be no growth without pain, you are experiencing the emotional pain, now it is time to find the error and therefore your growth.
Begin Your Review
The review process begins in two separate areas: You & Your System. Here are some checklists for you to go through to find out where the problem could lie:
"YOUR SYSTEM" CHECKLIST
> Was your system thoroughly tested prior to trading it (or paper traded if you do not have the capacity to programme your system into backtesting software)?
> Did you test with out-of-sample data?
> Do you even have a system???? If you do not, how do you even know if the method that you are trading is even profitable??
> Is your system's code correct?
> Did you over-optimize your system? (what have we discussed about over-indulging?)
> Did you paper trade your system prior to placing capita
The Internet Fraud Complaint Center (IFCC) reported that last year 7.7 million dollars was lost through online auction scams. The actual losses are much greater. Most auction scams are not reported because they involve only small amounts of money.Most auction Web sites are aggressive at fighting fraud. eBay has a fraud investigation unit that has helped them hold down fraud to only .01% of its transactions. If you paid for an item and never received it, or if you received the item but it was less than what was described, eBay's Fraud Protection Program will reimburse you up to $200, minus a $25 processing charge. In order to qualify for Fraud Protection coverage, you must submit an Online Fraud C
> Sex (includes viewing pornography)?
> Alcohol?
> Drugs (includes excessive smoking)?
> Laziness (find it difficult to wake up in the morning)?
> Entertainment?
All of the above taken in excessive doses can be detrimental to your own physical health (some even in small doses!).
These activities above during your losing period are only covering up the pain of confronting the true issue, and your body tries to rid the emotional pain by trying to "fix" it with physical pleasures. Unfortunately it is going about it in the wrong way, so what should you do?
Firstly... REALIZE WHAT YOU ARE DOING AND STOP IT!
You need to realize what you're doing and you need to STOP doing it immediately! You can either decide to stop, or you'll be forced to stop when your body eventually breaks down and prevents you from any form of movement. It will be much more beneficial to you in the long-term if you can decide to stop *NOW*.
Once you have stopped you now need to figure out a way to solve the pain - not by cutting out or neglecting it, but by staring it in the face. Bring your problems out into the light, be honest with yourself. There can be no growth without pain, you are experiencing the emotional pain, now it is time to find the error and therefore your growth.
Begin Your Review
The review process begins in two separate areas: You & Your System. Here are some checklists for you to go through to find out where the problem could lie:
"YOUR SYSTEM" CHECKLIST
> Was your system thoroughly tested prior to trading it (or paper traded if you do not have the capacity to programme your system into backtesting software)?
> Did you test with out-of-sample data?
> Do you even have a system???? If you do not, how do you even know if the method that you are trading is even profitable??
> Is your system's code correct?
> Did you over-optimize your system? (what have we discussed about over-indulging?)
> Did you paper trade your system prior to placing capita
Attracting and keeping long-term clients is a prevailing approach for your growing business. Long-term clients who are pleased with consistent on-going good service, are likely to refer others to your business, and are more likely to buy further services from you. The confident professional, small business owner gains by focusing on certain sound tactics for long-term client maintenance. Just like a free online classifieds, your business should always keep, treasure and maintain healthy relationships with its contacts.Focus marketing on your existing clients. Your present customers have already done business with you for some time and are more likely to buy from you again. If you direct most o
Once you have stopped you now need to figure out a way to solve the pain - not by cutting out or neglecting it, but by staring it in the face. Bring your problems out into the light, be honest with yourself. There can be no growth without pain, you are experiencing the emotional pain, now it is time to find the error and therefore your growth.
Begin Your Review
The review process begins in two separate areas: You & Your System. Here are some checklists for you to go through to find out where the problem could lie:
"YOUR SYSTEM" CHECKLIST
> Was your system thoroughly tested prior to trading it (or paper traded if you do not have the capacity to programme your system into backtesting software)?
> Did you test with out-of-sample data?
> Do you even have a system???? If you do not, how do you even know if the method that you are trading is even profitable??
> Is your system's code correct?
> Did you over-optimize your system? (what have we discussed about over-indulging?)
> Did you paper trade your system prior to placing capita
Potential clients need to be evaluated for their ability to become steady clients. It's ok to pick up clients who you will see once or twice a year. When you are starting out, however, you need to build up a clientele of steady customers. These steady customers will provide steady income.Potential clients qualify as potential steady clients when they generate $500 or more per month in revenue. The question is, how do you evaluate potential clients for this ability?Potential Client EvaluationThere are a number of things you must find out about a potential client:Current Number of PCsIf this is a home office with one or two computers and a husband and wife working at
"YOUR SYSTEM" CHECKLIST
> Was your system thoroughly tested prior to trading it (or paper traded if you do not have the capacity to programme your system into backtesting software)?
> Did you test with out-of-sample data?
> Do you even have a system???? If you do not, how do you even know if the method that you are trading is even profitable??
> Is your system's code correct?
> Did you over-optimize your system? (what have we discussed about over-indulging?)
> Did you paper trade your system prior to placing capital on it?
> Did you trade with a small amount of capital prior to placing the rest of your funds on it?
> Do you know the system's limitations?
> Did you properly drill your system? (see our blog article on why I am the system designer from hell)
"YOU" CHECKLIST
> Is the current drawdown you are exhibiting with your system normal?
> Are you comfortable with your system's historical drawdown performance?
> Are you fully aware of the risks involved with your system and the instrument(s) you are trading?
> Are you trading with funds that you are comfortable risking?
> Are you relying too heavily on your performance?
> Have you set realistic goals?
As you can see there are generally two areas that you need to explore: the mechanical aspect - your system - and the emotional aspect - you. Both can be responsible for making the way you feel the way you do. It will either be an error on the system's side with how the system was tested and/or programmed, or it can be your own psychological profile not being comfortable with the system's performance.
Your Answers = Change = Your Growth
What steps should we now take? Now that we have begun a corrective process where we have stopped the evil nature of our over-indulging ways to take control we should continue our "corrective nature" by invoking our findings and taking ACTION in correcting our errors.
If the problem was mechanical - fix it, if the problem was emotional either go about setting up new thought patterns, or change your current system. The answers lie in whether you need to expand your knowledge in system development, or whether you need to grow emotionally as a person.
Unfortunately there is no easy road, and even if there was everybody would be doing it. Hopefully this article has made you ponder over some of your behaviors during drawdown periods, be sure to keep an eye on yourself and as always take care of your body, because there's no use in making all the money in the world when you don't have the physical capacity to enjoy it.
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