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Tag: Plans

  • The 7-Point Trading Plan Template

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    One of the first things beginning traders are told to do is to create a trading plan that will spell out a trading strategy and a list of rules to follow in implementing that strategy. The only problem with that advice is that beginning traders don’t really have any trading experience, and thus are lost when attempting to craft a trading plan for their trading.

    Another problem with trading plans is that beginners are instructed to treat their plans as gospel and are told not to deviate from them. This prevents traders from adapting their strategies and rules to improve their performance, an essential step in every trader’s learning curve.

    Instead of a rigid document to be created early on in your trading career and never to be changed, you should instead view your trading plan as a living and breathing set of guidelines, capable of being modified as you gain trading experience. This article will teach you how to create a trading plan that will guide your trading efforts without stunting your progress.

    The 7-Point Trading Plan Template

    In creating your trading plan, here are the items you should include:

    1. Markets – What markets will you focus on? Be as specific as possible – if you’re trading stocks, what types of stocks will you concentrate on?

    2. Timeframe – How long will you hold your positions for? Will you be a day trader focusing on trades lasting a few minutes, or a swing trader holding trades for a few days?

    3. Time Period – What times of the day will you trade? You may have outside responsibilities that prevent you from trading an entire trading day. Pick which times of the day best suit your style.

    4. Trading Style – How would you characterize your trading style? Perhaps you are a momentum trader focusing on trending stocks? Or maybe you specialize in a particular sector? Again, this can and will change as you gain experience and learn from your results.

    5. Risk Management Rules – This is an absolutely essential and often overlooked component of your trading plan. How will you manage your risk, both on a per-trade basis and overall? You should have a “stop trading” point which is a fixed dollar amount that will force you to stop trading if you’re down by that much.

    6. Mentor – Who do you follow and learn from as a teacher? Attempting to learn trading all by yourself is not only lonely, but foolish as it ignores the hard-earned wisdom of other traders. You can either repeat the mistakes of other professionals and hope to eventually learn the lessons and techniques that they’ve learned, or you can simply learn from successful traders and bypass those initial frustrations.

    7. Learning Process – How will you structure your learning process as a trader? What steps will you take to ensure you’re always getting better? How will you structure your trading journal?

    Trading Plan Example

    To show you this trading plan template in action, I’m going to fill it out according to my own trading style:

    1. I trade the U.S. stock markets, focusing on volatile stocks with sufficient volume. These stocks are typically the focus of news items and are thus “in play.”

    2. I am a day trader and hold my positions anywhere from a few seconds to a few hours. I’m primarily a scalper and am looking to take advantage of short-term imbalances between supply and demand. I will stay in a trade as long as I can identify a supply/demand imbalance.

    3. I trade throughout the trading day, although I focus most of my activity at the open and close of the trading day.

    4. While I have multiple styles, I would characterize myself primarily as a momentum trader that relies on tape reading to identify favorable risk/reward situations to enter in the direction of a trend.

    5. I’m fanatical about managing my risk, both on a per-trade basis and overall. Every trade I enter has a predefined stop-loss and I have a daily stop-loss to stop trading when I’m having a rough day.

    6. I’ve had a variety of mentors throughout my career, and now I talk with a select group of traders at my firm with similar trading styles.

    7. I review every single trade I make, always looking for ways in which I can improve. This may be as simple as cutting down my risk when trading certain stocks or altering my execution patterns.

    Your trading plan can be as simple as that, just a series of statements answering those 7 questions. You also shouldn’t spend too much time creating your trading plan as it will frequently change throughout your career.

    Summary

    Your trading plan will crystallize exactly what you’re trying to accomplish, but don’t view it as set in stone. Rather, your plan will grow and change as you gain experience and develop your own trading style.

    Your trading plan also doesn’t need to be a complicated document spanning multiple pages. You simply need to define what markets you’re going to trade, how you’re going to trade them (how long you’ll hold positions, what times of day you’re going to trade, and your trading style), how you’re going to manage your risk, and how you’re going to continue developing as a trader. By clarifying and explicitly stating those 7 key points, your trading plan will serve and support you in your trading career.

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    Source by Matt A Nadell

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  • Mindset = Being Organized

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    I think we can all agree that we hate clutter. We hate it so much we pretend it doesn’t exist. Sometimes we even hide ourselves from the world because we’re afraid of what others may think about us because of it. Being unorganized or having a home full of clutter, which we hate to admit, is thankfully something we can overcome. From experience, all it takes is patience, vulnerability and an open mind to achieve what we want in our homes and in our lives.

    Today I’m going to give you 5 simple and modern-day tips on how to change your mindset so you can become more organized.

    TIP #1: Start small

    For some reason our brains are wired to believe that we MUST complete an entire project at once. Have you ever wondered why none of your tasks or projects ever gets done on time? I bet one of the reasons may be because the project you took on was way to BIG to complete and because you were so overwhelmed, you failed to finish. Not anymore! By starting small, whether it is organizing your pen cup to completing a major project, you will avoid the stress of fulfilling that task and find yourself finishing quickly and punctually.

    TIP #2: Listen to organizing podcasts

    One of the best things you can do in the morning or as you’re driving is to stimulate your mind by listening to things that arouse your mental and physical growth. I’ve noticed in my own life and others around me that doing so has made a world of positive change in our lives. Organizing podcasts like Organize 365 or A Slob Comes Clean are 2 podcasts that have kept me motivated in times when I was lacking. One of the secrets to truly changing your lifestyle is to change our mentality and by incorporating these simple methods in your life, you will get there in no time.

    TIP #3: Create a Checklist

    This may sound cliché but to-do lists really do work – of course only if you use them. As I mentioned above, clutter is a bi%#* and in order to combat it, you will have to tackle it head on in small intervals. Here are 2 examples how checklists can be effective in helping you stay organized. 1) By using a checklist to plan out the tasks you need to accomplish at home after work, will prevent you from being overwhelmed after a stressful day 2) An effective checklist will only have your priority tasks therefore you will know exactly what needs to be done to maintain order. Checklist, lists, to-do list, plans, whatever you want to call them is a habit that needs to be implemented in your life so getting organized and staying organized can become second nature.

    TIP #4: Keep things you Truly Love

    Here are a few common responses I’ve heard when it comes to this topic:

    I love everything in my home and there’s no way I can get rid of anything! All of my stuff has a meaning behind them! Here’s a better one. I’ve spent so much money and I haven’t even worn it yet! – But it’s been 2 years…

    These are just a few examples of statements my clients have said to me when I’d suggest they should only keep things in their home they truly loved. Let me explain what this really means. Lets start with an example. We love our family (our immediate family) and though we may have favorites (wink) we love them so unconditionally that we couldn’t live a day without them. This is the type of feeling I believe you should have for the items in your home. You love your pen so much; the mere thought of it not being in your possession is utter mayhem. If you don’t have this feeling towards the items in your home then it’s probably time to part ways with it. I’d be happy to witness the department!

    TIP #5: Make it a Habit

    New studies show it takes 2-8 months to form a new habit. I know that seems like an abnormal amount of time – at least to getting organized but this is actually great news. Creating new habits shouldn’t be viewed as one and done rather as a process that will create a better outcome. Committing to an organizing system and practicing it thoroughly, though you may have hiccups, will create a positive mind and improve your organizing skills.

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    Source by Judi Igwe

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  • Reverse Living Floor Planning – What Is It and Is It Right For You?

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    Traditional architecture found throughout the home building industry typically provides two-story homes with the main living space on the first floor and the sleeping quarters on the second floor. However, a popular alternative to this floor plan has evolved that has become known as reverse living. Read on with me as I explain reverse living and help you decide when a reverse floor plan may appropriate for you.

    In traditional two-story homes, active living space found in rooms such as the living room, kitchen, dining room, study and family room are found on the first floor. This arrangement provides ease of entry to and exit from the house during the normal course of the day, when homeowners and their families tend to make frequent and multiple trips into and out of their home and, in the process, want the convenience of a same-floor relationship between their indoor and outdoor living space. The more passive activity of sleep, typically occurring in the bedrooms, is relegated to the second floor, the least convenient level of the traditional two-story home.

    The simplest form of a reverse living floor plan is the reversal of the living space and the sleeping space within a two-story home. This relationship of indoor living to the outdoors environs shifts because of view corridors or outdoor amenities, for which a client seeks to maximize exposure during its living time. This type of floor plan is most common for homes situated to take advantage of scenic views created by mountains, hilltops, marshes, wildlife sanctuaries, rivers, stream, water expanses and urban skylines. By placing living space on the upper most level within the house, views are more easily captured or perhaps made visible when they might be partially or fully blocked on lower levels.

    Within a reverse living floor plan, bedrooms are relegated to the most inactive areas of the house. In some reverse living floor plans, the master bedroom may be included on the upper most level of the home, if the homeowner wants to appreciate the views in the privacy and serenity of its bedroom.

    Now, is a reverse living floor plan suited for you? It may be if your building lot is located on or proximate to beautiful landscapes or view corridors, whether crafted by man or nature, and you wish to enjoy those views to the fullest!

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    Source by Richard Wojewodzki

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  • Population Distribution or Structure II – Sex, Occupational and Geographical Distributions

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    Sex distribution

    The sex distribution refers to the classification of a given population according to sex or gender (male or female). Sex distribution can easily be obtained from a population census of a given country which shows the total number of males and the total number of females.

    A knowledge of the total number of makes and females in a country will assist the government to make the necessary plans to cater for the population. If, for example, the population of the female is higher than that of the males, it means government will have to plan to provide goods and services for more people because such a country will give rise to high population. Nature has, however tried to balance the number of males with that of the female in such a way that the differences in number between the two is usually very small.

    Occupational distributions

    Occupational distribution of a population refers to the classification of the working population into different types of work they engage in. The occupational distribution in any population is influenced by a number of factors. These include:

    1. The level of education

    2. Availability of natural resources

    3. The level of technology

    4. The types of productive activities.

    The major types of productive activities are primary (extractive), manufacturing, construction, commercial, direct and indirect services. In west Africa for instance, majority of the occupationally distributed population are found in farming, mining fishing and lumbering.

    Geographical distribution

    Geographical distribution of a given population refers to the spread of people into separate geographical areas within a country. The distribution may be due to occupational, presence of mineral resources, historical factors, seat of government, availability of social amenities etc. Reasons for high population density due to geographical distribution are: favorable climate, fertile soil, natural attachment/historical factors, administrative headquarters, employment opportunities, presence of minerals, presence of industries, presence of social amenities and infrastructure, commercial activities and migration.

    Economic Implications or Effects of Increase in the Population of Dependants

    The Dependants are the population that are between 0-17 years, which include the infants, pupils in nursery, primary, secondary and those in tertiary institutions, and the old age (over 60 years that are not working) but depend on the working population (18-60 years) to cater for all their needs or requirement. If the population of the dependents is higher than that of the working class it has the following economic implications: high taxation, increase in prices, increase in government expenditures, low savings, low investment, fall in standard of living, increase in demand for goods and services, increase in imports, decrease in exports and low supply of labor.

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    Source by Funom Makama

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  • How To Start a Wood Working Business From Your Garage

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    Starting a woodworking business from your home could be an excellent way to earn an income. With right business plan and woodworking training system you could reach your financial goals with little or no woodworking skills.

    As we all know financial times are tough in many areas of Canada and The USA. Their seems to be no stability working for various companies. Even if you employed the income you receive is poor. Consider starting a home based business that will create products that you can sell with very little effort. This home based business will be fun and easy to start.

    Consider starting a business constructing and selling wooden furniture. Many people are often interested in purchasing wooden furniture for their homes. Good quality wooden furniture always has a way of being sold. Home owners will pay top money for this type of furnishing. This type of furnishing looks good and gives the customer a product that indicates that their money was well spent.

    With proper business plan and correct construction method you might even be able to make money in your spare time building furniture and related products.

    Of course you will need a place to work such as your garage. You could even construct a shed in your backyard to start your woodworking business. Constructing a shed, made of wood, could be a way of starting your woodworking business. After successfully building a shed in your backyard you could have people paying you to build a shed in their backyard.

    There are a number of resources that will give you step-by-step instructions with regards to construction of various woodworking projects including numerous backyard shed plans. Types of sheds to consider are the pent roof shed and clerestory style shed.

    The pent roof style shed is simple to build. It is a mono roof shed, which consists of a one piece roof sloping in one direction. It can be attached to your house or barn, giving it increased structural strength

    The clerestory style shed ideal for use a place to work. The roof of this shed consists of row of windows which allows natural light to beam inside of the structure. Because of the roof its structure will mor complicated to build when compare with the pent roof style shed. However designs can be found on the internet that will help the construction process less problematic.

    This type of business will require that you purchase various tools if you do not already own them. Their a number hardware stores likely in your area that will help you purchasing the tools needed in starting your woodworking business. You will also likely be able to purchase used woodworking tools in good working order.

    Best Regards

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    Source by Paul Luciw

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  • My Husband Says That I Am Too High Maintenance

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    Any complaint that causes your husband to disconnect from your marriage, to distance himself from you, or to consider a separation hurts. There is no scenario where this isn’t painful. But I suspect that it can feel a little more painful when the reason for his distance seems personal.

    What I mean by that is that sometimes, a man will be unhappy because of reasons that have to do with him. He may be having a midlife crisis. He may believe that marriage doesn’t suit his ideology. He may be having a personal crisis. I am not saying that these scenarios are not horribly painful. They are. But at least the wife has no reason to blame herself.

    And then there are the scenarios where things do feel personal. These are the instances where your husband is blaming the issues in the marriage on the wife. It could be something that she has done or something about her, about her actions, or about her personality that is the supposed problem.

    Here’s an example. A husband might tell his wife that being with her is “exhausting.” She might explain: “for the past three months or so, I have been noticing my husband acting distant and weird. I confronted him about it right away, but he denied that there was a problem. Then we were at a family gathering this weekend and it was held outside in 90 degree heat. Like everyone else, I said it was hot and wanted to leave after dinner because I felt sick. My husband got angry at me and said he was tired of dealing with my ‘high maintenance personality.’ As we were leaving, he said that being married to me is ‘exhausting’ and that he may want a separation because he can not stand living his life this way anymore. He says that nothing makes me happy and that I can’t just sit back and roll with the punches of life like a normal person. He says that I am spoiled. He says that he feels like he always has to pick up the slack. I admit that I am not as thick skinned as some when it comes to sitting in the heat all day, but that doesn’t make me a bad person. And he knew that when he married me. I told him that I could try to change and he said that people like me never change and that we are just not compatible. He says that I make him ‘feel tired’ and he doesn’t want to feel that way anymore. Where does that leave me? I don’t want to lose my husband. This really hurts my feelings and feels like a personal attack. But I could forgive it and move on if he would give me the chance. The problem is that he does not seem at all receptive to me right now.”

    I understand why you are hurt. These types of issues can feel, and sound, like a criticism. When someone tells you that you are ‘exhausting,’ that phrase makes it seem as if they no longer want to do the work to keep up with you. Of course it hurts.

    Understand The Context In Which The Comments Were Made: I think that your husband’s ‘fatigue’ might be due to the fact that the maintenance issue may have bothered him for a while, but he sat silent and said nothing – even when you asked him what was bothering him. So things built up until they exploded. His silence is not your fault. And things may have been easier now if he had addressed the problem much earlier – before he became so angry that he lashed out at you.

    Know That Context Doesn’t Mean That It Isn’t Time To Take Action: It’s normal to hope that this will blow over. And it may – for now. But any time a husband is uttering words that indicate he is tired of your marriage or thinks that there is a compatibility issue, you want to pay very close attention and you want to take action right away. I say this not to scare you, but from the concerned place of someone who was in a similar situation. I hoped for the problem to pass over, but I ultimately ending up separated. I think that I possibly could have avoided that fate by taking action at the first sign of trouble.

    Moving Forward Quickly: It’s unfortunate that your husband waited so long to share that this issue has been bothering him, but you can’t undo that at this point. What you can do, however, is be careful of what (and who) you are presenting to him moving forward. It doesn’t sound as if he has made definite plans to move out or to pursue a separation, which means that you may have some time to address this.

    Sit back and be really honest with yourself. Which of his concerns have some validity? What is he right about? Is this issue something that other friends and family members have expressed? If so, then there is nothing wrong with addressing it. Sometimes, it takes a painful situation to stimulate growth. If you take this and use it to move you forward so that you grow and improve in some way, then at least the pain will have been for something. At least you can use this as a stimulus to improve your marriage.

    If you are very honest and you find that his words do not have validity, then you may went to dig a little deeper. Sometimes, a husband will project another problem onto to what is obvious or handy. It may not have been the heat or your personality at all during that family gathering. But the situation might have given your husband an easy explanation. Sometimes, a husband can be frustrated and not quite sure why. That’s one more reason why it’s very important to be extremely observant right now – so that you are taking action on the items that are truly at issue.

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    Source by Leslie Cane

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  • In the Know: Health and Wellness Website Legalities

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    When Health Consulting Businesses are Legally Responsible

    One thing the internet is infamous for is being a source of advice for our health and well-being.

    It doesn’t matter where we turn there is someone with a website telling us what to do to lose weight, slow down ageing or treat our illnesses.

    We all do it. We aren’t feeling well so we type our symptoms into “Dr. Google” and voila, thousands of results telling us we have everything from a common cold to 6 months to live. We then take our results in hand to our doctor and tell him what we have.

    Sadly, professionals in the health care industry, doctors, therapists, dieticians and nutritionists all have an everyday fight with misinformation that is provided on the internet.

    If you are a blogger and have some experience with health-related issues, you may want to share this information with the world.

    Or, you may be a professional with some education on certain health-related subjects and want to use that information to boost your business online.

    Either way, you have to be very careful to follow the rules when it comes to providing health and wellness website information and advice to the masses.

    Legal Responsibilities for Providing Health-Related Advice

    So what are the legal issues for health consulting and coaching businesses when providing health-related information on a website?

    There have been more than a few lawsuits in past years that have stemmed from sharing of health and diet advice with others on the internet.

    In a recent lawsuit in North Carolina, a blogger changed his life and had experience with managing his Type 1 diabetes through use of the Paleo diet. He blogged about his efforts and when successful, he took his blogging a step further and began to share his meal plans and exercise regimens.

    Eventually, he began providing one on one sessions to advise his readers in the ways of his experience for a fee.

    In North Carolina, there is a misdemeanor law that makes it unlawful to practice dietetics or nutrition without a license. This blogger was charged with breaking this law and North Carolina Board of Dietetics/Nutrition is now threatening him with prison.

    Research All Governing Bodies’ Rules & Regulations

    When providing health and wellness information online, you must ensure you are following all the rules.

    Each governing body has separate rules on what information you can and cannot advise the public with regarding their health.

    Canada and the United States both have specific federal laws and then each province and state also have their own separate laws.

    If you are going to provide information, then you must look up those laws according to where you live and where you are doing business from. And to take it even a step further, you then you have to consider the audience you are targeting.

    A good guideline to follow if you are providing information on your health-related website is to ask yourself, are you being specific to a particular personal health situation. The blogger in the North Carolina lawsuit was doing OK with providing his personal experiences with the Paleo diet.

    His suggestions for exercise regimens or providing his personal diet plans on his health and nutrition website may even have been OK with the law but as soon as he started consulting one-on-one with individuals and providing advice, he was beyond sharing his personal experience and fell into the realm of providing medical expertise in an area where he was not legally certified to engage in.

    Remember, giving your opinion about a health-related subject or telling about your specific experience is one thing but if you are claiming to be an expert in anything on your health and nutrition website, you could be held accountable by the boards who are responsible for governing the public education on the subject and run into legal issues.

    You must not in any way claim or pose as something you are not if you are going to provide reliable health information.

    If you are handing out health or wellness advice you need to be very clear about what your education and expertise are and also be very careful of the legal issues surrounding any advice you do give.

    This is where working with a professional web development firm could help steer you in the right direction and ensure you are not posting anything that could cause you legal problems while operating your business. Consulting a lawyer who is well versed in these matters would also be very prudent.

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    Source by Susan Friesen

    Views: 0

  • Entrepreneurship – Benefits Of Taking An Entrepreneurship Course

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    Are you tired of your regular job? Are you thinking of starting a business of your own? Do you want to enhance your ability to create wealth? Do you want to be your own boss? Do you want to have control over your decisions? Are you a risk taker? Do you have a high expectation of yourself? If the answer to the above questions is yes, then all you need to do is to channel your energy in the right direction.

    While passion is important for any business venture, the know-how is equally important for success. Many entrepreneurs who started out very passionate end up losing steam due to the fact that they do not have the proper entrepreneurial skills to make their business succeed. Entrepreneurship education is therefore key to a business growth and success.

    According to research, entrepreneurship education contributed to the growth of firms especially smaller emerging firms. On average, emerging companies that employed entrepreneurship graduates had greater than five times, the sale and employment growth than those that employed non-entrepreneurship graduates. This means that taking an entrepreneurship course would definitely lead to an increased sale of your product or service.

    In addition, it was observed that larger firms paid entrepreneurship graduates significantly more than they paid non-entrepreneurship graduates. In the United States, entrepreneurship graduates working for large firms earned approximately $23,500 more per year than did other business school graduates. This all goes to show the relative importance of an entrepreneurship education.

    So as an individual seeking to start a business venture, taking an entrepreneurship course would benefit you and your business in the following ways:

    • It will enhance your ability to create wealth from your own business
    • It makes you become a champion of innovation.
    • It gives you the ability to create greater opportunities for yourself with advancing technologies
    • It makes you self-sufficient and enterprising
    • It gives you community understanding skills which is good for your business
    • It enhances your business management skills
    • It gives you an orientation to change that can help your business keep up with the ever changing times
    • It gives you a better understanding of the market economy that your business must thrive in
    • The education obtained leads to your ultimate personal growth
    • Your decision making skills are improved
    • It expands your creative thinking

    As a result of these outlined benefits, many experienced leaders, economists and educators believe that fostering a robust entrepreneurial culture will maximize individual and collective economic and social success on a local and global scale.

    TAKE AN ONLINE ENTREPRENEURSHIP COURSE TODAY

    It is interesting to know that you can take this amazing course online. As an entrepreneur, leaving your business to attend a traditional institution of learning might not fit well with your plans. If that is your situation, then be rest assured that you are covered. With the steady growth of online education, a lot of online institution of repute that offer this course are available to choose from. In fact one unique institution stands out – The Swiss E-learning Institute. Apart fro other amazing benefits you are bound to enjoy, this institute also offers entrepreneurship students the opportunity of earning passive incomes just by enrolling and activating this course. Find out more by visiting the link on the resource box below.

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    Source by Kelechi Nwachukwu

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