Monthly Archives: December 2010

If you dont have day trading rules, you will lose

If you dont have day trading rules, you will lose

Expecting a miracle if you are losing in a trade?? Well it won’t happen. This is intended to help traders get out of a losing position by trading, not as an excuse to ignore stop losses. Ignoring stops is the surest way in the world to take all the money in your account and just flush it down the toilet. I am serious. While that might help you in the short run eventually there is a 100% chance you will have a massive loss, like 50% or more on your money lost that is invested in the trade if you don’t use a stop. So the thinking is “They are not gonna get me this time”. This is how traders learn to trade with bad habits.

The first thing to realize, there are 4 reasons losses that can happen when you are in a day trading or swing trading.

1. Timing is just not right on the entry price
2. You are dead wrong on the direction
News items come out and move stock or index against you
4. Your price target to exit is too far away

We will address these one by one.

1. Timing is just not right on the entry price

If your entry timing is off, this usualy means the price will move a bit in your favor, then against you within the first 5 to 10 minutes. The amount the price moves against you will be way more than any profit so far, but it does not go to the stop area either. The key to identifying this is the stock will hesitate up and down, just below your entry for long or above entry for short. It should not make a beeline against you and it should not go right near your stop in the first few minutes.

The best way to deal with this type of trade is to assume most of the time you trade you are going to be off. Enter long or short only one half to two-thirds the actual size you want in a position where you think the timing is right. Most trades will not just run immediate, including breakouts. Once filled, put an initial stop in for that position. Wait 5 minutes and see what the stock does. If it runs in your favor immediately, well then your timing was perfect – trade what you have OR look for the remainder on a small dip.

If the stock moves against you more than for you in the first 5 minutes, but is not a beeline against you (meaning it looks like the trade will stop out etc), then put in an order to add at the low of this 5 minutes (for long) or the high (for shorts). If you get your better price add, cancel the press bets add. If you get the press bets add, move your initial stop up to just below that low of the 5 minutes, and make sure you increase the shares.

This often happens to even the most seasoned traders. No matter what you try it fails, breakouts, reversasl, or trend following – common theme is you are just dead wrong. By this I mean the upside is severely limited (for longs) or downside limited (for shorts). This means it can move easily one direction, but really, really struggles in the direction you bet.

You are looking to risk another 15c to 20c on double size, betting it will turn in your favor before you stop out. If you want to attempt this, care must be taken to use discipline. Do not try to force making money on the trade. The goal is to minimize the loss by trying to catch a turn near your stop area. Just move on to the next trade.

If you doubled down and actually caught the turn, you would want to move the stop up on all to just below the turn. When the price moves halfway back from your secondary add position to the price of your first entry, sell the additional shares so you are left with only your original position. Because you added shares and made some back, if you get stopped now you will lose far less than if you did not add. It is your call to decide if that is the best thing or to just exit all of the position with a minor loss and move on.

3. News items come out and move stock or index against you

This is a tough one. The call is would this type of news cause the stock price to go far enough to hit the stop level? If the answer is probably yes, exiting at market before the stop will save you money. If you think that the news that came out will not stop your position, then the best plan is to exit on a small counter move the other way. Most of the time there is no good way to get additional shares if you get caught on the wrong side of a news play. Occasionally the price might react in way A, but after a bit of time that side realizes they are wrong, and they flip around and want out, moving the market in direction B. If you can uncover and notice that this will probably happen, the add point is the high of the bar where the news came out.

4. Your price target to exit is too far away

This is common to. You have to kind of guess based on how the stock has been trading, localized volatility, and support resistance points where a price move might go to. Usually these types if you don’t monitor them real close will turn into losing trades. The main reason is a scale up seller (for long bets) or scale down buyer (for short bets) is betting the other direction and absorbing a lot of the volume.

Most trade setups attract attention, so the more obvious a trade looks, long or short, and it does not really do that or struggles, the bigger the indication is to get the heck out. Some of these can result in a huge move the other way because they trap lots of short term money in the stock trying to trade whatever setup happened. There is no real method to add to work your way out of it, you really just need to pay attention. Getting out is the best solution because you are looking to avoid your stop getting hit and saving a bigger loss.

Do not expect to make money on every trade, its simply not possible – you have to pick your battles. If it appears something is off or wrong with the way the stock is moving, take any loss and just move on. Staying in a trade and always trying to turn it into a profit will result in much bigger losses eventually. You can think of the God rule (just a catchphrase) – When a trade goes wrong, (God) gives you one chance to get out – it’s up to you to realize the chance and take it.

How to get your money worth: choose the right energy provider

How To Get Your Money Worth: Choose The Right Energy Provider

Energy has become one of the basic requirements of life, in lieu with a good home, a good job and a good car. When every electronic appliances and gadget needs energy, you should be ready to find the ways to save money while choosing the right energy provider.

Texas is one such state in USA, where the government has de-regularized the energy sector. In layman terms, this means that the consumer, that is you, have myriad options to choose your Texas energy provider. This selection of the right energy provider will mean that you are getting the best services, at the best cost, and the best part of all this is that you are going to choose it!

At present, there are numerous Texas energy providers, vying for a place in your home. Most of them are attractive with the lowest rates and as assurance of the best services. However, you need to be very judicial while choosing one among them, as your selection will not only bring that energy provider right to your home, but also you are going to pay them the monthly bills and going to use their services for most of the crucial tasks. There are many instances wherein you did your part of choosing the best provider, but the first bill brought in with itself a lot of surprise charges, which you were unaware of . Popularly called hidden charges, these are a nuance in the energy sector. So, why not select the right energy provider to have a hassle free and economical transaction for days to come.

To assist the consumer in selecting the right energy provider, there are many energy aggregators and agents, which guide you and show you the correct path. These act like a negotiator between you and the energy provider, and help you to find the best among the lot. Texas energy rates are constantly observed by the negotiators, and based on that you are provided the right information while making the final choice. Besides this, you are also assured that there are no hidden charges, and that you always get the best services.

Is hosting your membership program making you lazy

Is Hosting Your Membership Program Making You Lazy?

Whether you’re currently hosting a membership program or plan to host one in the near future, there are some trends which have popped up that you’ll want to be aware of.

First, let me define what I mean by “membership program”:

Any program or service which results in you receiving automatic, recurring revenue:

* It could be ongoing with no definitive end
* It could be 12 weeks, 6-months, or any defined period of time
* It could be a program with benefits such as teleseminars and a forum
* It could be a service such as Team Sandy or website maintenance

You get the idea. . .

I’m seeing two different, yet similar trends when it comes to membership programs:

1. Membership program hosts are getting “lazy” by over-repurposing their materials and using the same info again and again without interjecting anything new.

In reviewing a potential new client’s offerings recently, I noticed that she offered the same basic material to everyone who hired her, regardless of the level (from basic membership to private 1-on-1) they came in at.

While that itself isn’t bad and is actually a smart thing to do, she stopped there. Her private 1-on-1 clients didn’t get anything more than those investing in her lowest end programs.

It was immediately clear why her high end clients were leaving and not re-upping: she was resting on what she’d already done/provided and not offering more (a.k.a. “laziness”) and it was costing her tens of thousands of dollars.

2. Membership program hosts are getting “lazy” in that they’re not creating new programs and services as their membership programs are steadily bringing in revenue and they’ve gotten used to that revenue level.

Membership programs are great! If they’re successful, you get a notice from your shopping cart each day telling you how much revenue is automatically coming in. It’s a fabulous feeling and one that, sadly enough, can lead to laziness since you *know* money’s coming in and so you end up being “too busy” to write that new program, product, whatever.

It’s another form of resting on what you’ve done. . .as you sit and wonder why you’re not reaching your revenue goals.

My Request To You

If you’ve been reading my stuff for any length of time, then you know I highly recommend creating a marketing and promotional calendar which lists out which programs, products and services you’ll be offering — in as much detail as you know.

If you’re not sure about the details, no worries. . .write it in and create the spot for something to come into. :-)

Now’s the time to take that calendar out (or start one) and, looking at it with a critical eye, ask yourself:

“Is this the marketing calendar of a growing business, a plateaued business or a declining business?”

Once you have your answer, act accordingly. . .

How to make money using plr ebooks, articles

How to Make Money Using PLR EBooks, Articles

There are numerous ways to earn money online – from Google AdSense to online stores. One of these many ways is through the use of private label rights (PLR), the right to revise and use content provided by a ghost writer (according to the license sold with the content); ebooks, reports, articles, website templates, sales letters, autoresponder messages, videos and other formats. For now, we’ll refer to all content as “ebooks” in this short info article.

PLR ebooks are available on nearly every topic under the sun, and each one of them comes with its individual license agreement. They are beneficial to business people both as a source of information and as a product that can be marketed in different ways. However, due to the often sloppy presentation and packaging of the content, their true value is often underestimated by most people seeking to make money through the Internet.

Some of the ways in which PLR materials can generate revenue are:

? Resale – Some PLR content permit resale of the product as it is. This is a direct route to making a profit.

? Redistribution and of data – The articles, autoresponder messages and other data from one PLR source can be redistributed to form several PLR ebooks, for example, or several PLR ebooks can be compiled to form a single new PLR ebook. Or using the same collection of articles, a person can generate several smaller collections to serve different, user-specific needs.

? Offering free PLR ebooks or other items as an incentive to buy products from your site – This will attract more people to a site due to the added bonus they get from buying a product from there.

? Free PLR ebooks, videos and or other items as incentive to subscribe to a newsletter -A free gift with an online subscription will push more potential customers to click the “subscribe” button, and thus get frequent updates about your business through their very email. A larger opt-in list is, of course, a good thing for any online business.

? Rewriting and revising the PLR content or parts thereof is a valuable alternative. You can certainly help improve the end product for your shoppers, especially if the original format of the content is substandard, not the best quality or focused product you’d like to have out there branded with your company name on it. Adding your own images, quotes and stats, for example, and rewriting the opening and conclusion can even help carve a more unique product for you in a competitive marketplace where others are using PLR content from the same source. In fact, rewriting a PLR product can help enhance the value of the information present in it as well as get your message across to readers through its content. Marketing of rewritten PLR articles, for instance, has become a booming industry; there is no reason not to do the same thing with PLR ebooks, autoresponder messages and more.

? Offer PLR ebooks and other content with other online business tools as a package deal or starter kit – Many people today in a busy world, online and off, love being spoon fed, and fledgling businessmen are no exception. An ebook containing all the information they need, for instance, coupled with a website template and sales page is an attractive package for anyone wanting to start an online business.

Other Items to Note

While trying to make money through PLR ebooks, videos, sales letters, website templates, articles and other data, always read the user license agreement carefully. Some PLR ebooks and other content permit resale and reproduction of content in compilations etc, while others are more stringent. Try to get hold of PLR ebooks and packages with Master Resell Rights, which allow you to resell the ebook as-is, repackage the content to optimize it for your business, or include it as a freebie to increase your opt-in list.

In this age of information marketing, PLR ebooks and other content are a great way to make some money through an online business and enhance business offline with print productions, CDs, DVDs and other physical products. PLR materials often require little monetary investment compared to what original product creation would otherwise cost. In addition, they require little maintenance with revision work here and there to keep the items updated over time, low time investment and can generate quick and large profit. In other words, PLR ebooks and other content are a business person’s dream come true.

How britain shops footwear 2009–aarkstore enterprise

How Britain Shops Footwear 2009–Aarkstore Enterprise

Aarkstore announce a new report  “How Britain Shops Footwear 2009″ through its vast collection of market research report.

Introduction
How Britain Shops Footwear provides a detailed overview of the shopping habits of consumers. It examines who shops for footwear, where they shop, whether they are satisfied with their current store and what stores should do to satisfy customers more.
Scope
*A thorough analysis of the way customer shop in the footwear sector, complete with profiles of the following 12 retailers:
*Asda, Barratts, Brantano, Clarks, JD Sports Fashion, JJB, M&S, New Look, Next, Shoe Zone, Sports Direct, TK Maxx.
*How Britain Shops reports include visitor and main user share data, conversion rates, customer loyalty rates and reasons for loyalty/disloyalty.
*Data is segmented regionally and by demographic and socio-economic group. Historic data are provided and can be analysed over a four year period.

Highlights

A big rise in footwear shoppers this year is driven by men. The sector recorded its second highest share of shoppers in the 10 years of this research and of the 3m extra shoppers recorded this year 2.5m are male. This is likely to be a key factor in the increase in sports specialists’ visitors as men dominate their shopper profiles.
Conversion rates in footwear are consistently higher than in any other sector indicating that footwear shoppers are dedicated to one store, borne out by the low number of other stores used. Partly this may be due to closures leaving fewer places on the high street at which to shop for footwear.
Loyalty rates have improved. Loyalty scores have made significant improvements across all the retailers profiled, with the exception of Marks & Spencer which lost 5.6 points and dropped from being first on loyalty previously to ninth this time.
Reasons to Purchase
*How Britain Shops is one of the most comprehensive studies of its kind drawing on a nationwide survey of 6,000 shoppers.
*Use this report to understand what drives the loyalty of your customers and find out where they also shop.
*Channel investment for maximum return by knowing which aspects of your retail proposition most need improving in the opinion of your customers.

For more information, please visit :
http://www.aarkstore.com/reports/How-Britain-Shops-Footwear-2009-15693.html
Or email us at press@aarkstore.com or call +919272852585

Special offer till 31th Dec 2009

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