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Trading Psychology – The Number One Goal-Setting Mistake Traders Make in Trading

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The number one goal-setting mistake traders make is setting goals related to money. Active traders will often tell me that they have a goal of making X-dollars a day or X-points a day. That's just not a good way to structure a goal.

Trading Goals Related to Money

What happens when the market trades in a very narrow range? Typically, price movement will remain within the first hour's range throughout the day. That range might only be 5 or 6 points – too narrow to offer much trading opportunity. It is very difficult to make money on such narrow range days.

So, if you goal was to make X dollars a day how do you do that on a narrow range day? Since it is nearly impossible to make good trades on such a day, you would have failed to achieve your goal. And, if you couldn't read that the market has narrowed its range and instead tried to reach your money goal, you would have likely been trying to trade at every little turn and wound up over trading a choppy, range-bound day. At best your money goal had set you up for failure because you couldn't achieve it. Worse, your money goal caused you to force trades in a choppy market, and maybe you lost money. Goals that promote failure, poor trading habits, and losses are not useful goals.

A Better Trading Goal

A better goal focuses on your development as a trader. It will help you improve your trading knowledge, skills, or abilities. Rather than thinking about money, think instead about the process of trading. The process of trading simply refers to the skillful actions a trader takes in trading effectively. A useful question to ask is:

What trading process, if I were to improve and develop in this area, would add to my ability as a trader?

Example of a Better Trading Goal

An example will help to illustrate how to do this. Let's say you want to improve your ability in trading trends. You have done a self-assessment of your trading on trending days and find that your greatest limitation is that you tend to counter trade the trend. A simple solution might be to notice whether the market is moving with momentum and making higher lows and higher highs (for a bullish trend). A useful process goal then becomes:

Prior to taking a trade that fades a move, I will assess whether the market is moving with momentum and making higher highs and higher lows. If it is trending, I will not take the trade. I will execute this process on at least 85% of all trades considered over the next 20 trading days.

Note that this goal is useful because it builds skills and ability in assessing market movement. It also keeps the trader from taking poor quality trades. The next step for this trader would be to develop a goal to execute trades consistent with the trend – again, a process goal.

Trading goals should be designed to help you achieve. Goals related to money, points, or other 'stats' won't help you do that. Work on trading goals that are related to achievement by helping you to develop your trading skills.

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Source by Gary Dayton, Psy.

Views: 0

October 8, 2019
NOW Is the Right Time to Step Out of Your Procrastination Habit
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The right time is something that lots of people waste many precious moments waiting for.

“When there is a hill to climb, don’t think that waiting will make it smaller.” ~ Author Unknown

But if you think about it, what does ‘the right time’ actually mean? Well, here’s something you can try when you find yourself waiting for it, rather than:
- Starting a project or task, or
- Stopping a habit that you want to break, or
- Embarking on an exercise regimen.
As soon as you notice that you’re waiting, ask yourself, “What am I waiting for?”

What are the circumstances that will make another moment the right time but disqualify this one? What do you think needs to happen to make your next step doable, if it isn’t doable now?

“The habit of always putting off an experience until you can afford it, or until the time is right, or until you know how to do it is one of the greatest burglars of joy. Be deliberate, but once you’ve made up your mind -jump in.” ~ Charles R. Swindoll

Not the Right Time? Maybe You Just Need Right-Sized Steps!

And yes, first steps are often the most difficult. That’s why I encourage you to ‘chunk’ your tasks into the smallest steps possible. It is much better to have 10 small steps that 3 big ones.

Why?

Well, for starters, the smaller the step the more likely you are to… start! When your first step is doable, any time is the ‘right time.’

Another way that chunking things down into small steps helps you get more done is this: You can use smaller time increments to do what you need to do. That means that you are often able to use the small ‘scraps’ of time between larger tasks to tick items off your to-do list.

The smaller the step, the more likely you are to take it – it’s as simple as that. So if your Inner Procrastinator is telling you that the time isn’t ‘right’ you can always counter that voice by creating some smaller, more doable steps for yourself.

So, if procrastination is something that frequently holds you back, you’re certainly not alone. Millions of people struggle with this energy draining time thief. Procrastination’s costs include lost productivity, lost income, lost opportunities, frazzled nerves and damaged relationships. Try some right-sized steps to get yourself moving again, today!

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Source by Paula Eder

Views: 0
October 8, 2019
Boost Your Productivity With Customer Service Outsourcing

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Outsourcing is getting more and more popular from year to year among small start-ups along with big enterprises. It looks like outsourcing is now the most recent business trend in national and global industry. Customer service outsourcing helps you free up your time to focus on border strategies. It allows companies improve their customer experience. It can let you use multiple marketing channels with ease. It can help your organisation benefit at various levels and is a great way to boost your productivity and profitability. Additionally, it can increase your return on investments (ROI) and give you a competitive advantage. It also saves a lot on manpower, thereby allowing you to save money and time on training professionals.

Today, outsourcing is the very best thing you can do to help your business to cultivate online if you’re a small company. Delegating some functions saves time as it can help to concentrate on key areas of activity. One of the greatest benefits of outsourcing is that it provides your company with a chance to stay ahead of the crowd.

Immediate Access to Technology

Another major advantage of customer service outsourcing is that you’ve got instant accessibility to services, often around-the-clock, along with the latest technology in the area. It is possible to maintain funds for different items directly associated with your products or services. In reality, by selecting an IT outsourcing company, you can acquire the means to offer great customer satisfaction.

Why is customer service outsourcing beneficial?

When it has to do with establishing a business, you might be seeking affordable customer service services. You might be having years of experience in all types of industries dealing with all types of service troubles.

Customer assistance, though, is composed of many diverse aspects. When you outsource customer service to somebody who has experience in the area and a portfolio to back this up, you can offer your business the competitive edge in regard to keeping your customers contented. Customer service is a significant part of any company. In any case, outsourcing customer service can help you come up with better campaigns which will help convert new clients into loyal clients. At the end of the day, it can be cost-effective. Outsourcing call center services may be among the smartest decisions you could ever make as a business proprietor.

Customer Focused

Whether you are only starting up an organization or been in operation for some time, you must be customer focused. Customers are the key to your small business success. In order to obtain the benefit of reduced costs and, most significantly, reduced errors. You would be able to allow your clients to get the flexibility to get in touch with you and also address their concerns.

If your customer is satisfied, your organization will flourish by itself. Whenever your customers are happy, they return to purchase from you over and over. This is the greatest benefit of customer service outsourcing . Customers expect agents to have access to all their information, no matter what channel they use. With timely response and higher excellent service levels, your clients will always be happy with you.

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Source by Alicia Gray

Views: 0

October 8, 2019
Unbiased Renegade Network Marketer Review

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Renegade Network Marketer was written by someone who has been in and out of the MLM industry for nearly 20 years – Ann Sieg.

She started out in the old days of cold calling, bothering friends and family and inviting disinterested people to hotel meetings and into her own home.

Twenty years ago we didn’t have the internet, and everything has changed in the MLM industry since it came along.

It really is nice to find a course written by someone who has been in the business that long and isn’t afraid to admit that she nearly gave up on many occasions. Too often these kinds of courses are written by young men that are barely out of high school, hoping to impress people with scantily clad models spread out over a rented Ferrari. Ann’s book is nothing like that, if you are already saying “oh not another one”.

Renegade Network Marketer Review – The Pros

This course is different. It has been painstakingly written by someone who knows and has been through all the pitfalls of internet marketing and who tried every method known to man to become successful in MLM.

The Renegade Network Marketer review was written after she nearly gave up again but after she had one of those “Aha” moments.

There was nothing wrong with network/MLM business marketing model, it was how marketing was being taught that was at the root of most network marketer’s problems. It was the methods not the business.

So she set out to write this comprehensive course after realizing why network marketing was so frustrating and difficult. The number one problem was how to get the prospect to come to you, instead of you going after them! Now that was revolutionary! It is so ridiculously obvious.

When you do that the playing field becomes a much friendlier place, you never get rejected or fobbed off with excuses ever again. Your social life and your friends want to be around you again, because you don’t have to try and sell them on your latest and greatest opportunity. You go from defensive to offensive, negative to positive and it’s amazing how empowering a thriving business can be. You can’t wait to get out of bed in the morning!

The Renegade Marketer review has the tools and insight to help grow any network marketing business. It will help you generate leads and the tools to take you as far as you want to go with your business.

The Renegade Network Marketer, deservedly, gets many positive reviews from people who have gone from debt and depression to positive cashflow and success.

If you want a truly amazing system that will cram your funnel full of high quality prospects, take a look at the Renegade Network Marketer.

The Renegade Network Marketer contains a 143 page in-depth, manual that details the same formula the writer used to build her successful businesses bringing not streams, but floods of income.

Renegade Network Marketer is a must for anyone who wants to take a giant leap with their network marketing business.

Renegade Network Marketer Review – The Cons

Ann Sieg’s program is great. You will LEARN a lot. But you will still find yourself without a viable “process” or online marketing “system” to produces the results you need to grow your business.

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Source by Rob Fore

Views: 0

October 8, 2019
Ready for a High Impact Mindset Reset?
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Your mindset, your thoughts, can buoy you up, inspiring you to take courageous action, or they can drag you down, keeping you up at night with worry and paralyzing you with fear. Even though our brains are wired to dwell on the negative, on past mistakes, how we think in this moment is something we can control.

Changing our minds in the present moment can be hard work! I know from experience that when things aren’t going well, one of the toughest things to do is to turn your mind from impending doom to what is possible and what can be done.

The good news is that the more you practice these mindset boosters, the easier they become. They do, in fact, become habits that kick in when you need them the most.

The even better news is that the more you practice them, the more impact both you and your company will have. Staying on track and not allowing yourself to be pulled down will save you a lot of time and energy. The time and energy you free up can be spent on your company’s financial performance and having impact.

S0 let’s look at ways you can do a mindset reset and the practices that will support you in doing so:

The Future Doesn’t Just Happen – You Shape It Every Day

Have you ever seen or read about people in the direst of circumstances who are transcendent, happy? And others who seem to have everything, and yet feel deprived? The way you choose to think about a situation, the parts of yourself that you call on, even dig deep for, are what determine your present and your future. Your thinking is integral to your character.

When things look negative, question it. There’s always a way to think about a situation that includes a gift, an opportunity. This may seem contrived at first, but think about situations where you’ve suddenly had a shift in perspective and a solution appeared, seemingly out of nowhere. That’s the effect you want to be able to call on.

“Circumstance does not make the person,

it reveals the person to himself or herself.”

~James Allen

People become leaders of successful, impactful companies by becoming the people who can lead those companies first. They walk with integrity. They make smart decisions. They step up and into opportunity with courage. They acknowledge their fears, but don’t indulge them. They learn and grow.

You are becoming the leader of your high impact company right now, in how you show up every day. Treating people with respect. Listening to ideas. Choosing how you use your time and energy. Making decisions with your mind AND your heart.

You can shape your future by consciously developing the mindset of the leader who leads your company in these ways.

Doubling down on mission is one way to ensure that your company moves more in the direction of your impact. New Belgium Brewing became a benefit corporation in 2018, ingraining its commitment to internal and community impact in its legal framework, and is now the fourth-largest craft brewery in the US.

Fear and Getting Through the Storm

We all have fears. Fears about how the company will do financially this year, about that crucial new hire who looks promising but is unproven, or about how your new offering will fare in a busy market. Fears can abound, especially if nurtured and given attention.

“The future you constantly worry about

Is nothing other than a projection of fear and desire from the past.”

~Thich Nhat Hanh

Fears can instead be a tool, an indicator. They can lead you to research, to ask good questions, and to explore options. As long as you don’t allow fears to take over the present, they can actually be valuable.

One way to be vigilant about fears is with mindfulness. Mindfulness, that focus on the present, is more than a business fad. It’s a practice that decreases stress and increases productivity.

The leaders of outdoor apparel maker Patagonia are committed to using their successful company as a vehicle to put mindfulness into action. Patagonia founder Yves Chouinard describes navigating what could be a terrifying Class 4 rapid as a teaching:
- look ahead and prepare
  - be proactive
  - don’t ignore what is coming
  - think through scenarios
  - do what is necessary to get ready to the best of your ability
  - trust that you can handle whatever happens
- go into a drop
  - take calculated risks
  - once you decide, follow through wholeheartedly
- read the river
  - be vigilant
  - be perceptive
  - adjust as needed.
That intuitive process has helped guide his business for the last 50 years. Chouinard believes that if the process isn’t sound, if your intentions don’t come from the right place, the outcome, even if profitable, doesn’t matter.

Practicing wisdom by making decisions from a place of love rather than fear can open the door to creative solutions. When Patagonia’s CEO Casey Sheahan was faced with laying off 150 employees during the financial crisis, shortly after he took over from Chouinard, he was torn up about the decision. His wife asked him, “Are you making this decision from a place of fear, or from a place of love?” When he realized that it was fear driving the layoff decision, he found another way, leading to unheard-of sales levels after a few rocky quarters.

Fear can be a driver of decisions and actions, but they don’t have to be. Elizabeth Gilbert in her book, Big Magic, tells the story of treating her fears like an inevitable passenger on a road trip. Fears can and will be there, but they can Never. Ever. Drive.

Focus on Your Impact

Do you find your Impact Purpose, a clear statement of the impact you want to have, inspiring? Does it fill you with energy? If it doesn’t, at least most of the time, you might be on the wrong track. Your clarity about the impact you want to have, whether it’s social or environmental or both, can serve as the rock on which you build your impactful business.

When you steadily focus on your Impact Purpose, you’ll find your thoughts turning from short-term pain to what you could achieve in your business and community. This thinking about others, and not just yourself, is a way to bring you out of the doldrums or away from unhelpful divergent thinking, and back into focus on your impact.

Reinforce this by having your Impact Purpose statement in front of you, every day. Have it on your desk or screen. In your wallet. On your fridge. Wherever you will be regularly reminded of what you intend, personally and with your company.

Plan your day and week with your Impact Purpose in mind. Include it in your decisions about how time, money, and resources will be spent, and with whom. Thoughts aligned with purpose are a powerful creative force. Fill your attention with something worthwhile.

The greatest achievement was at one time a dream. Stay with your dream. It’ll be part of your becoming.

You Are the Company You Keep

You may have heard the notion that you are the sum of the 5 people you spend the most time with. That speaks to the influence that those around you have on your thinking and therefore on your actions.

Some companies who are committed to having impact take this to a highly conscious level. Design firm LimeRed, led by Emily Lonigro Boylan, only works with individuals or organizations that have social impact. LimeRed only engages with clients whose values they share, who are kind and innovative, and who are also accountable to their stakeholders and communities.

You as a business leader can also take this to another level by incorporating it into decisions about who you include on your team, your suppliers, and your partners. Do you vet who you work with every day through this lens? Do you extend this to your advisors, your pet projects, and your friends?

You’re more likely to have impact when you devote all your energy and resources toward people and companies that also want to have impact in harmony with yours.

Your mindset matters to your own fulfillment and well-being. It matters to your company, as you engage with your community and the larger world. Optimize your opportunity to have impact by doing this mindset reset.

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Source by Ursula Jorch

Views: 0
October 8, 2019
Climate Change: Its Ill-Effects on Health
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The temperature increase in the atmosphere is more specifically referred to as global warming. But the climate change is the term currently favored by scientists, as it explicitly includes not only Earth’s increasing global average temperature, but also the climate effects caused by this increase.

Any gas, which has the property of absorbing infrared radiation emitted from Earth’s surface and reradiating it back to Earth’s surface, is called greenhouse gas. Carbon dioxide, methane, and water vapor are the most important greenhouse gases. Other greenhouse gases include, but are not limited to, surface-level ozone, nitrous oxide, sulfur hexafluoride, hydro fluorocarbons, per fluorocarbons and chlorofluorocarbons.

Though a naturally occurring phenomenon, the greenhouse effect results in a warming of Earth’s surface and troposphere – the lowest layer of the atmosphere. Of the greenhouse gases, water vapor has the largest effect.

Some important causes of greenhouse effect include burning of fossil fuels such as coal, oil and natural gas, deforestation, increase in population, farming, and industrial wastes and landfills.

Greenhouse gases trap heat in the atmosphere. With higher than normal concentrations, they lead to unnatural warming. The main cause of the current global warming trend is human expansion of the greenhouse effect, a warming that results when the atmosphere traps heat radiating from Earth toward space.

Even a small global temperature increase could lead to troubling consequences like rising sea levels, population displacement, disruption to the food supply, flooding, and ill-effects on health. As a matter of fact, human health bears the greatest brunt of the consequences of the climate change.

Ill-effects of climate change on health –

Climate change can affect human health mainly in two ways: first, by changing the severity or frequency of health problems that are already affected by climate factors and second, by creating health problems in places where they have not previously occurred.

Effects of temperature increase –

Increasing concentrations of greenhouse gases lead to an increase of both average and extreme temperatures. This can compromise the body’s ability to regulate its temperature. Loss of internal temperature regulation can result in a cascade of illnesses, including heat cramps, heat exhaustion, heatstroke and hyperthermia in the presence of extreme heat, and hypothermia and frostbite in the presence of extreme cold. Temperature extremes can also worsen chronic conditions such as cardiovascular disease, respiratory disease, cerebro-vascular disease, and diabetes-related conditions.

People working outdoors, socially isolated, economically disadvantaged and those with chronic illnesses are more vulnerable to the impact of temperature increase.

Effects of air quality –

Climate change has modified weather patterns, which in turn have influenced the levels and location of outdoor air pollutants such as ground-level ozone (O3) and fine particulate matter. Increasing carbon dioxide (CO2) levels also promote the growth of plants that release airborne allergens. Higher pollen concentrations and longer pollen seasons can increase allergic sensitization and asthma episodes, thereby limiting productivity at work and school. Poor air quality, whether outdoors or indoors, can negatively affect the human respiratory and cardiovascular systems.

Effects of extreme events –

Climate change causes an increase in the occurrence and severity of some extreme events, which can have health impacts such as death or injury during an event, for example, drowning during floods. Health impacts can also occur before and after an extreme event, as individuals involved in activities such as disaster preparation and post-event cleanup put their health at risk. The severity and extent of health effects associated with extreme events depend on the physical impacts of the extreme events themselves.

Vector borne diseases –

Vector-borne diseases are transmitted by vectors, which include mosquitoes, ticks, and fleas. These vectors can carry infective pathogens such as viruses, bacteria, and protozoa, which can be transferred from one host (carrier) to another. The seasonality, distribution, and prevalence of vector-borne diseases are influenced significantly by climate. Climate change is likely to have both short- and long-term effects on vector-borne disease transmission and infection patterns, affecting both seasonal risk and disease occurrence over decades.

Water related diseases –

Climate change is expected to affect fresh and marine water resources in ways that will increase people’s exposure to water-related contaminants which cause illness. Water-related illnesses include waterborne diseases caused by pathogens such as bacteria, viruses, and protozoa. Water-related illnesses are also caused by toxins produced by certain harmful algae and by chemicals introduced into water sources by human activities. Exposure occurs through ingestion, direct contact with contaminated drinking or recreational water and through consumption of contaminated fish and sea food.

Effects on mental health –

Mental health consequences of climate change range from minimal stress and distress symptoms to clinical disorders such as anxiety, depression, post-traumatic stress, and suicidal tendencies. The children, elderly, women (especially pregnant and post-partum women), people with preexisting mental illness, economically disadvantaged, and homeless are more exposed to its mental health consequences.

Effects on food safety and quality –

Climate change is very likely to affect global, regional, and local food safety by disrupting food availability, decreasing access to food and making utilization more difficult. Higher concentrations of CO2 can lower the levels of protein and essential minerals in a number of widely consumed crops, including wheat, rice, and potatoes, with potentially negative implications for human nutrition. Poor nutritional quality of food is more likely to affect adversely the vulnerable sections of the population.

The bottom line –

Over the last 50 years, human activities have released sufficient quantities of carbon dioxide and other greenhouse gases to trap additional heat in the lower atmosphere and affect the global climate. According to WHO (World Health Organization):
- Climate change affects the social and environmental determinants of health – clean air, safe drinking water, sufficient food and secure shelter.
- Between 2030 and 2050, climate change is expected to cause approximately 250000 additional deaths per year, from malnutrition, malaria, diarrhea and heat stress.
So, in view of the serious repercussions of climate change on human health, we all have to make concerted efforts to reduce emissions of greenhouse gases through better transport, food and energy use choices so as to improve our health particularly through reduced air pollution.

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Source by Dr. Pran Rangan

Views: 0
October 8, 2019
Four Essential Solutions To Heal From Your Profound Sorrow – Stop Grieving And Start Healing

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Grieving And Start Healing

1- Optimism!

"The first step towards the solution of any problem is optimism." ~ John Baines

Begin by thinking and believing you can take one step toward hope and peace no matter how overwhelmingly complex it may appear. Keep your candle of hope lighted even though your circumstance may seem fogged with blackness.
"It is better to light a candle than to curse the darkness."
~ Chinese proverb often quoted by Eleanor Roosevelt

The darkness of your cave of sorrow clouds and grief shadows can seem overpowering. Yet, unknown, unexplored possibilities can be discovered, explored and applied in your healing. Opportunities and potentialities of hope can be illuminated by your small candle light of anticipation and optimism. Even in the darkest of conditions happiness can be found. You must remember to turn on your light of hope.

"It is during our darkest moments that we must focus to see the light."
– Aristotle Onassis

Optimism can help you focus on undiscovered possibilities. Focusing on opportunities not yet considered with hopefulness and confidence is vital to stop grieving and start healing. Optimism is your first important solution to overcoming your sorrow.

2- There are Answers

"Be thankful that life is a mystery. There is so much we can never know. Breathe deeply and relax into the not-knowing. There is much that we do not have to know in order to live joyfully."
~ Jonathan Lockwood Huie

Seeking all the answers to heal from your deep grief experience may not be in your best interest. Every answer to the "Why", "How", "When", and "Where" is not necessary to live joyfully. Concentrating on the things you can be grateful for may be a better solution. Focused on counting your blessings one by one can give you greater hope and resolve.

"Your success and happiness lies in you. Resolve to keep happy, and your joy and you shall form an invincible host against difficulties."
~ Helen Keller

Optimism in your thinking, resolve to overcome life's detours, determination to not let a daunting grief challenges stop you on your journey to find more happiness are all essential elements of personal empowerment. Don't let the tears from your crying about the sun being gone from your life block you from seeing the potential stars of happiness and hope.

"Only when life is difficult, are we challenged to become our greatest selves."
~ Jonathan Lockwood Huie

Let's be honest and frank, grief happenings are difficult and trying. But new possibilities discovered can help you become your greatest self. Follow your heart and don't let anything crush your dreams.

"When It's Darkest, Men See the Stars."
~ Ralph Waldo Emerson

Empowerment to heal from your grief and loss requires you look beyond the darkness you see and feel. Looking for the stars of hope beyond your darkest night may require an attitude shift. Look beyond your shadowy discouragement. You can if you will.

3- Resolve

"Your success and happiness lies in you. Resolve to keep happy, and your joy and you shall form an invincible host against difficulties."
~ Helen Keller

Don't let the tears from your crying about the sun being gone from your life block you from seeing the potential stars of happiness and hope.

"Only when life is difficult, are we challenged to become our greatest selves."
~ Jonathan Lockwood Huie

Let's be honest and frank, grief happenings are difficult and trying. But as you search for solutions the possibilities discovered can help you become your greatest self. Follow your heart and don't let anything crush your dreams.

4- Pray

After you have considered and done all you can never forget the inspiration and strength that can result from communion with God.

"Our prayers should be for blessings in general, for God knows best what is good for us."
~ Socrates

It is good to remember as you pray that God gives you what you need in His good time – but not always when and what you ask for. I have lived with and overcome grief supported each time from inspiration, strength and personal empowerment from communion with my God. You can also.

Be Optimistic. There are answers. Seek them. Have determination and resolve. Pray. Seek the inspiration of communion with God.

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Source by Duane Marchant

Views: 0

October 7, 2019