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Answer You - Without Discipline The Market Will Crush You
Although the tide of bankruptcies receded after the new bankruptcy law went into effect on October 17, 2005, a swelling volume of new personal bankruptcy filings are starting to flow into the court systems. With consumer credit card debt now over $820 billion and 97 percent of consumers seeking pre-bankruptcy credit counseling unable to repay their debts, analysts should not be surprised to see bankruptcy numbers steadily climbing.<
Let's say you've had a couple loosing days. Do you put it all on red, and spin the wheel? If so, that's gunna leave a mark. No fo
This TQM article is a continuation of the Part 4a article, the IMPROVE PHASE. In this issue, I will share with you some of the difficulties faced with the team in carry out this TQM project using these tools in the D.A.I.C. methodology as described in the article.Just to recap, tools used in the IMPROVE Phase are listed below. In this article, I will cover the tools in bold:Brainstorming of action / solut
Have you ever been in something, watched it fall and then made up all form of excuses for it, meanwhile every day it's heading lower? Sure you have. Have you ever won a couple in a row, and then instantly you turn into some form of stock god, and buy bigger and heavier the next time, only to see it all go down the drain? Sure you have.
Many times what separates a good investor from a wanna be, is discipline. We've all made silly mistakes in the past, but have we learned enough from it to change our ways? In a lot of cases the answer is no. But therein lies the key folks. If you learn to be disciplined, you will be a much better investor.
Let's say you buy 100 shares of XYZ and it goes on to make you a few hundred bucks. Then the next trade is 100 shares of ABC, and it goes on to make you a couple hundred. So human nature is to get braver. The next time out of the box you buy 400 shares of ABC and "boom" , it goes sour and wipes out all your previous gains. Why did you buy so many shares?? Because your previous two wins bolstered your ego. You got proud. You thought you had it all figured out. That's gunna hurt.
Let's say you've had a couple loosing days. Do you put it all on red, and spin the wheel? If so, that's gunna leave a mark. No fol
Those who desire to make money on the web ultimately find themselves looking at Google Adsense as one of the most promising methods of quickly seeing results.Simply place ads on your website, hope that your visitors click on them, and watch your mailbox for your monthly check. It's not quite that easy, however.Following are some essential guidelines and tips to help you make your Adsense monitized site succeed.1
Many times what separates a good investor from a wanna be, is discipline. We've all made silly mistakes in the past, but have we learned enough from it to change our ways? In a lot of cases the answer is no. But therein lies the key folks. If you learn to be disciplined, you will be a much better investor.
Let's say you buy 100 shares of XYZ and it goes on to make you a few hundred bucks. Then the next trade is 100 shares of ABC, and it goes on to make you a couple hundred. So human nature is to get braver. The next time out of the box you buy 400 shares of ABC and "boom" , it goes sour and wipes out all your previous gains. Why did you buy so many shares?? Because your previous two wins bolstered your ego. You got proud. You thought you had it all figured out. That's gunna hurt.
Let's say you've had a couple loosing days. Do you put it all on red, and spin the wheel? If so, that's gunna leave a mark. No fo
There's still time to review your public relations program like Navy flight crews go over a fighter jet.Reason is, you need to fine-tune your public relations activity looking forward to a snap-back in the economy, when you'll need all guns blazing.First thing to check?Do you know for certain what your most important external audiences think about you and your organization? Your answer is central to you
Let's say you buy 100 shares of XYZ and it goes on to make you a few hundred bucks. Then the next trade is 100 shares of ABC, and it goes on to make you a couple hundred. So human nature is to get braver. The next time out of the box you buy 400 shares of ABC and "boom" , it goes sour and wipes out all your previous gains. Why did you buy so many shares?? Because your previous two wins bolstered your ego. You got proud. You thought you had it all figured out. That's gunna hurt.
Let's say you've had a couple loosing days. Do you put it all on red, and spin the wheel? If so, that's gunna leave a mark. No fo
There is a new trend taking hold in business today which translates into amazing productivity, results, and a happier workforce. It’s easy, positive, and some say transformative; best of all, it’s something you and every other individual charged with the responsibility for getting results through others can learn to do. It is…coaching people instead of managing them.Coaching is a skill, style, and way of being which emanate
Let's say you've had a couple loosing days. Do you put it all on red, and spin the wheel? If so, that's gunna leave a mark. No fo
My local Sears store may get sued one of these days because it is still printing the full credit card numbers on their sales receipts.According to the U.S. Fair and Accurate Credit Transactions Act of 2003, which went into effect on December 4, 2006, the retailers are not allowed to print their customers' full credit card numbers on the sale receipts in an effort to prevent consumer fraud and identity theft.Some claim
Let's say you've had a couple loosing days. Do you put it all on red, and spin the wheel? If so, that's gunna leave a mark. No folks, the way to win this game is day by day, and sticking to a discipline. You don't double down on a losing trade, you'll lose more. You don't wear your desperation on your head like a big silver badge. You stick to your plan.
We've seen too many people get hurt by doing silly things. Really good traders have packed up and gone home broke by getting too much ego, or getting too much desperation. You can't have either. Each day is a new dawn. It doesn't matter if you've won ten times in a row, this morning is a new day. All those wins mean jack, when the bell rings.
Don't deviate from a well constructed plan folks. Take losses for what they are, losses. A part of the game. Don't blame yesterday's loss on today's silly actions. If you have a stop in place, try and honor it. Don't make up excuses for a bad play, just shake your head and move on.
People say to us all the time, "boy you play it close to the vest". Yes, we do, and because of it, we don't get too many "home runs" where we get doubles and triples. But then again, our average loss is a percent or two, while our gains average 4 to 6%. We can live with that and
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