Tag: Step

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

    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.

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  • Emotionally Weak: Do Some Peoples Childhoods Set Them Up To Be Emotionally Weak?

    Emotionally Weak: Do Some Peoples Childhoods Set Them Up To Be Emotionally Weak?

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    It could be said that someone’s life would be a lot easier if they were unable to experience emotions. The primary reason for this is that they would no longer experience emotional pain.

    As a result of this, they would never feel sad, powerless, helpless, or hopeless, and fear and anxiety would no longer bother them either. This would allow them to lead a more centred life.

    The Downside

    Living in this way wouldn’t come without its problems, though, as one would most likely lead a life that lacks depth. They would live an empty existence, due to the part of themselves that provides meaning and a sense of wholeness being offline.

    Not only does this part of them provide meaning, it is also what allows them to feel connected to others and the planet. Therefore, while experiencing emotions will be hard for them at times, it would be far worse is they were not able to experience them.

    Hard To Accept

    However, although this is the case, it doesn’t mean that everyone will be able to accept this. If someone experiences a lot of emotional pain, for instance, they may believe that their life would be better if they could no longer feel.

    Yet, given what they often go through, it is not exactly going to be a surprise for them to have this outlook. Their life is not going to be very enjoyable; it could seem as if they are being punished.

    No Stability

    And even when they are not in a lot of emotional pain, they could wonder how long it will be until they are. Before long, something could take place that will completely change their inner world.

    This could take place after another person has said something negative about them or tried to walk over them. Something else that could cause them to come crashing down is a break up or an argument.

    All Over the Place

    It will be clear that it will be more or less impossible for one to handle how they feel. Instead of their emotional self being another part of their being, it will be a part of them that has the tendency to take over their whole being.

    If they were able to contain their feelings and they didn’t take over, their life would be very different. One wouldn’t be a small boat that is tossed around by every wave; they would be a big ship that has the ability handle most waves.

    One Approach

    If one was able to step back and came to the conclusion that they need to do something about their life, they might end up looking for a book to read. Conversely, they could look online for answers.

    What they may learn is that they to develop the ability to manage their thoughts, with this being the reason why their feelings are often out of control. Once they can do this, they will become emotionally strong.

    Support

    Being mindful of what thoughts they entertain, and what thoughts they think, will allow them to have different feelings. The positive feelings that they end up having can give them the strength that they need to feel strong and to achieve their goals.

    Said another way, ones emotional body will be working with their mind as opposed to against it. After putting these steps into practice for a little while, they may find that their life starts to change.

    An Unexpected Outcome

    Then again, one could find that focusing on what is taking place in their head doesn’t have much of an effect on them. Now, this could be a sign that they need to hang in there and to keep going until it works.

    At the same time, it could show that they need to try a completely different approach. There is the chance that one’s emotional body is carrying a lot of emotional pain and this is then why they find it hard to handle their emotions.

    A Missing Ability

    If they are carrying a lot of emotional pain, it could also show that they didn’t receive the type of care that they needed in order to develop the ability to regulate their own emotions. Perhaps their early years were a time when they were abused and/or neglected.

    What should have been a time when they were built up would have been a time when they were traumatised on a regular basis. This would have caused them to suffer as a child and it will still be causing them to suffer as an adult.

    A Totally Different Approach

    The emotional pain that has stayed trapped in their body will most likely need to be worked through. This can involve facing how they feel and feeling their feelings to their completion.

    To do this, one will most likely need to reach out for external support. The reason for this is that these feelings will be too much for them to handle and this will have stopped them from being able to consciously work through them.

    Awareness

    A therapist or a healer, for instance, can provide the presence that one needs so that they can go where they wouldn’t by themselves. This person will be like the scaffolding that is needed while a building is being strengthened.

    The main thing will be for them to reach out for assistance and to keep going no matter what. As for how long this process will take, how long is a piece of string?

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    Source by Oliver JR Cooper

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  • Cougar Dating: New Trend in the Dating World

    Cougar Dating: New Trend in the Dating World

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    Today, we are all standing in the modern world where most people are trying their best to shed off the conservative mindset. Earlier men did not have the thought to approach elderly women. Neither the women agreed ever to such open-ended relationships. Now, the society has become liberated. Elder women with younger men as couples are becoming a common sight.

    Why do we get to see this change?

    As we have already discussed, the society is getting liberated. No more are the family ties or what people are going today, bothering them. They are feeling free to express their thoughts as and when they want and to whomsoever they like. Most of them have claimed that they are fed up with the long-term relations and do not want the unnecessary dramas that bring with it. Most of the cougar ladies do not want to remarry. They want to enjoy being free.

    Where can these couples meet?

    For people in love, the whole world is a meeting point. Who can stop them from meeting each other? Still if one claims that one has not yet met his or her partner one can seek into the cougar dating websites. There are several such dating sites where one can find their love interest.

    Any recent developments in the matter

    Well, there has been quite observations on this matter and some say that there is a new angle in the cougar dating. Most women dating their younger partners are now looking into the aspect of marriage. Some have even taken the major step. They claimed that they are happy in their marriage. These women have also said that they no longer want to date men of their age or older.

    How should a man prepare for a cougar dating?

    Well, men who are interested in dating elderly women have to be very careful doing so. The cougar world is full of women who have a high self-esteem and are successful in their careers. The men in order to approach them should have to put on their best manners and have a sense of dressing smartly. The cougar ladies have an eye for good look manners. They do not like men who are too much fast. In fact, they like to pursue the men themselves.

    Another thing that the men should avoid doing is treating the ladies in a negative manner. They should be treated with respect, love and care. They should never feel that they have been used.

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    Source by Achal Mehrotra

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  • The Internet Lifestyle For College Students

    The Internet Lifestyle For College Students

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    The reality that most college students are facing when they graduate from school are either.

    One.

    They will not be able to find a job.

    Two.

    If they do find a job, it won’t be the one that they want to work at.

    Which is why starting an internet business in their dorm room and working on it around their schedule is the best option for them.

    Many go out and do part-time work, but that is really a waste of time.

    Students would better off using that same amount of time to working on an internet business that will start bringing them in passive income.

    There are 2 types of income that you can earn.

    Active income- the amount you are paid for by the hour for being there.

    Passive Income- money coming to you, whether or not you working or not!!

    See the difference?

    Your main goal in your career is to set up a business that allows you to earn MASSIVE passive income daily!!

    This what the schools aren’t teaching their students and it is a huge problem in our society.

    Okay, now that you understand the difference between active and passive income.

    Here are the 4 steps to starting your online business from your dormitory and living the internet lifestyle.

    1). Target a market or niche.

    2). Set-up a 1-page opt-in site.

    3). Drive a lot of traffic to that site.

    4). Monetize that traffic.

    This is an outline of what your internet business should look like.

    Now, let go little more into details here about each step.

    Targeting a niche.

    Do your research and find out what type of problems your classmates are facing in school or look to find a product or market that is being underserved.

    Once you find it.

    Go get a product or service that can solve that problem.

    It’s really that simple.

    Also, make sure that the market you choose is full of hungry prospects.

    Because the market will always determine the niche that you choose.

    After you find your affiliate product.

    Buy a domain name and set up a 1-page site.

    You will need to write up a short 12-page report that you give away to people who opt-in to your newsletter.

    Your report must be of value to your prospect, because you want to build trust with them.

    Next, do videos to drive traffic to your site.

    I would interview experts and then link your site in the resource box.

    Start a Facebook group as well.

    Write a few articles or share some in your newsletter.

    The next thing is to start making money from all your previous efforts.

    You should have already signed up with a ClickBank/Commission Junction and any other affiliates.

    It’s free too, so don’t worry about that.

    I like to contact companies who don’t have an affiliate program and then help them create one and create a distribution channel from it.

    Look, this is just an outline that any college student can use.

    Keep in mind too.

    This only cost you about 30$ to start and you can use that money bootstrap your way from there.

    ACTION TIP

    Get started today on doing your market research and find a hungry market and then follow the steps I gave you here in this article!

    Good luck!

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    Source by Thomas Jay Daniels

    Views: 0

  • New Book Removes Fear From Sales With Practical, Easy-To-Implement Techniques

    New Book Removes Fear From Sales With Practical, Easy-To-Implement Techniques

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    As a small business owner, I found Greg Andersen's Small Business Sales, WTF (Without the Fear) full of practical advice, new ideas, and down-to-earth common sense to help me rethink my sales approaches. Andersen has been in sales for many years in the printing business, but the advice he offers is applicable to anyone in sales, especially small business owners who may be wearing all the hats themselves or unable to focus on sales because they're too busy looking after everything else.

    Small Business Sales, WTF is divided into two sections: Pre-Sales Planning, in which Andersen discusses products, going to market with products, creating a sales environment, and then The Sales Process, in which he explores how to find customers, make contact , get the opportunity to sell to the customer, execute the sale, and then follow up with and retain the customer long-term. Andersen walks readers through each step of the sales process, providing practical and personal examples of what has worked for him that readers can easily model or put their own spins on.

    Andersen writes in a humorous but tell-it-like-it-is style to dismiss myths about the sales process and cut through sales jargon to get to what the reader really needs to know. For example, early in the book, he has a list of "Words / Phrases you will not hear in my book." Among the phrases included is "Belly-to-Belly" to which he responds, "Gross. How about face-to-face." Another phrase is "Low Hanging Fruit," which he says does not really exist, and still another is "Hook," which he finds insulting because it assumes customers are suckers or fish. Instead, Andersen prefers to treat his customers like human beings and rather than "close the sale" come to an "agreement" between two parties who trust and respect each other.

    For most people, sales can have a bad name. No one likes being sold to, and people who reluctantly take on a sales role are aware of that and often fearful of selling. Andersen teaches readers how to remove the fear of sales by rethinking what sales really is. Most people dread the "cold call," so Andersen talks about instead viewing sales as "demand generation." It's about looking for where there is a demand for your services and then providing the product or service to fulfill that demand. It's also about listening to customers.

    Andersen states: "When all is said and done, only a few methods of outreach will really get you in contact with a prospective new customer-the phone, letter writing, a trade show, and email. What really counts is the technique you employ . " He then provides creative examples of how to handle sales through each of these approaches, as well as discussing social media as a sales strategy. His examples are drawn from personal experiences, from his days as a shoe salesman at Nordstrom to his current sales role in the printing industry. Best of all, he even includes copies of letters he has sent to clients. His techniques are simple and straightforward, so anyone, no matter how scared of sales, can implement them.

    Of course, there will be difficult clients or people who don't want to hear how you can help them. Andersen provides strategies for getting past the gatekeepers to the decision makers. He reveals his research techniques, which are quite clever and even include looking at prospective customers' job postings to determine who in a company is or will be in a buyer position for his product.

    When facing resistance from a potential client, Andersen realizes it's not always about him, his approach, or his product. I loved the following invaluable point he made: "Another way I like to approach these challenging situations is to remind myself that all these excuses mean the customer is probably protecting his current vendor. If he is being loyal to his current vendor, some day he will be loyal to me. Stay positive. " Personally, I know this is true as a business owner. If I have a vendor providing me with a good service at a good price, I feel loyal to that vendor and am not willing to change. Such clients may be resistant to change, but they are the ones you want because they are loyal. Andersen shows how persistence pays off in these situations. Sometimes he makes contact with customers who are not in need of his services right then, but years later, he secures business with them, and even if at first he doesn't get the level of business he wants, they often will give him some business as a trial and then he can work his way in to larger sales with them.

    Perhaps what I liked most about Andersen's approaches is that he truly believes in being responsive to clients. I cannot stress enough how frustrated I feel when I send an email to someone who does not reply to me for several days. I am personally always very responsive to my clients and usually reply within hours if not minutes. Andersen points out that even if you don't have an answer to a client's problem or you can't take the time to respond to a question at that moment, a simple response like, "I'm on it," lets clients know you will get back to them and then they can quit worrying about their problem and go on to the next item on their to-do list until you do get back to them. In other words, Andersen is always in favor of reassuring the client that you will do what you say and provide reliable and quality service.

    Altogether, Small Business Sales, WTF does take a lot of the fear and stress out of sales. I believe most readers will be pleasantly surprised by this book; they'll read Andersen's stories and examples and say to themselves, "I can do that," and even find ideas of their own popping into their heads as they build off of Andersen's advice. Whether you are a small business owner with absolutely no sales experience, are just starting out in sales, or have been in sales for years, there are plenty of nuggets of advice here that can make your sales process easier, more lucrative, and all around more enjoyable.

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    Source by Tyler Tichelaar

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  • NOW Is the Right Time to Step Out of Your Procrastination Habit

    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

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