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Article Check - Protocols for Successful Trading
eBay is one of the world's largest market places with over 35 million visitors per day. That first sentence is worth repeating because I want you to realize that eBay gives you the ability to reach a customer base of millions and millions of people which is beneficial to you. Say Goodbye to garage sales and hello to eBay.You don't have to become a major power-seller or wholesaler to take advantage of eBay and what this mega marketplace can do for you. All you need is a computer with Internet access so you can setup auctions for all that stuff laying around the house you've been wanting to get rid of by selling it or giving it away, so why not eBay it?eBay auction VS garage sale First lets talk about garage sales. Holding a garage sale consists of getting all of your items ready to sell and placing them on display in front of your house or on your driveway for neighbors and lookers to purchase. You or someone you know and trust needs to be physically present at all times to sell the items as your front yard has now become a small storefront. In other words you have to sit at home all day after getting ev
7. Look at both weekly and daily charts
Weekly chart shows the longer term trend and daily chart shows the “noise” or volatility. While we may find entries on daily chart, it is often important to look at the weekly chart for an idea of the “real” trend. It’s like looking at the bigger picture.
8. The longer time frame for the support or resistance the better
A support not broken for a few weeks or months is stronger than the support of a few days. This is especially true if the support of the longer term is tested and not broken. The same goes for resistance.
9. Never make decision during intra day unless unusual vo
Are wholesale buyers and retail customers really different? Frankly, there are two answers to this question: yes and no. Yes, because they are different from the buyers and those selling to buyers' point of view and no, because the principles that apply are the same for both types of buying.There is only one real difference, aside that one buys at wholesale prices and the other at retail prices, and that is that wholesale buyers are looking for a selection of items to fill a space or their customers' needs, while retail buyers are looking for one item to fill a space or need. When there isn't any space that needs filling either now or in the future, the customer won't be interested in what you have for sale, which means zero sales.Both wholesale and retail buyers are looking for things that can be either complementary or in contrast to what the are doing or they already have. It is rather a combination of the two (contrast/complementary or complementary/contrast) than a case of complementary or contrast.Contrast/complementary means it's different to what they are doing or they have, but will fit in with other
Survival – Learn to survive in the market. Trading is never easy, if you have to pay for your mistakes, make sure it is an affordable mistake and that it will not wipe you out of the game. Trading is a lifelong game. Money is your oxygen, if you lose it; you are out of the game.
Profits – Once you can survive in the market, you will notice you have the ability to make small profits from time to time. Reinvest and see how your account grows in this stage.
Massive Profits – This final stage comes when you can take bigger positions in the market. As your trading account grew in the “Profits” stage, you will be able to take position of bigger size and hence your profits will be more. Also, this is when you will be able to spot and sit on big runners consistently.
Passing through each stage requires patience. If you are too hurried, just like speeding, it will kill you.
2. Money management , Trading System , Manage your emotions
Every trader must know these 3 critical success factors in trading.
Money Management
Money to us is what oxygen is to a diver. He must know how to use it wisely in order to last a diving trip. Just like in the stock market. You must pace yourself and manage your losses wisely. Always know how much you can afford to lose. A sound money management rule is to enable you to trade even if you suffer multiple trading losses.
Trading System
No matter what technical indicator you use, make sure you have a cut loss and a profit taking target. A sound system will also include a sensible risk and reward factor. Reward should always be more than the risk you are taking. Also, the trading system that you use should be personalized to your lifestyle and personality.
Manage Your Emotions
There will always be hope, greed and fear. Many hope that their stocks will move further north or rebound from a decline even though the charts tell a different story. When a sell signal occurs, they are greedy for more profits and choose to ignore the signal. After many losses, they are fearful to buy when their trading system tells them there is a strong buy signal and thus they miss a stock! After the stock moves, they got greedy and jumped in. Stock declines and they hope it will rebound for them to get out. This is what we always call emotional trading. Learn to keep them under control and do not base any of your trading decisions on them.
3. Disciplined Cut Loss
While we dare to buy when there is a buy signal, not many people are willing to take losses when there is a sell signal. This is human nature, when it comes to pocketing profits, everyone did it very fast! When it comes to losing something, everyone will be hesitant. It is high time you start to think differently.
4. Exercising patience
There are times to buy, time to hold and not do anything and there is time to sell. These are the 3 things that we can do in the stock market. It is when the time where we shouldn’t do anything that requires us to practice patience. When I miss a trading chance, I tell myself, patience, if I chase after the stock, the risk is not worth the reward. There will always be another opportunity. Stock market will still be around even after I die! Stock market is a marathon and is not a short sprint (quick buck). Those who tried to go for quick bucks without giving themselves enough time to understand trading often gets killed.
5. Always consider Risk/Reward in every trade
Before you put in a trade, make sure you have a sensible risk/reward factor working for you. This risk/reward is defined as a small loss when I’m wrong and a big profit when I’m right.
6. Have a plan, Stick to your plan
When you put on a trade, make sure you have defined a cut loss price and a profit target. Just like a flight path, there is a take off and a destination. Trade without a plan is like flying towards the Ocean hoping to see land. You will crash if you run out of fuel (money) or you met a storm (Sudden sell down due to crisis).
7. Look at both weekly and daily charts
Weekly chart shows the longer term trend and daily chart shows the “noise” or volatility. While we may find entries on daily chart, it is often important to look at the weekly chart for an idea of the “real” trend. It’s like looking at the bigger picture.
8. The longer time frame for the support or resistance the better
A support not broken for a few weeks or months is stronger than the support of a few days. This is especially true if the support of the longer term is tested and not broken. The same goes for resistance.
9. Never make decision during intra day unless unusual vol
Okay, I'm going to show how exactly it works. You can start earning in less than 5 minutes!Get an Adwords account, you can find the link under 'Recommendations'. Setting up your account takes less than a minute. You will need to pay $5 - it's an activation fee.Once you've set up your account you can start advertising. Click 'create a keyword targeted campaign', name your campaign and ad group, choose preferable language, choose countries and territories, and click 'Continue'. Now select countries you would like google to show your ads to.I would pick USA, Canada & UK. Now here's where the hardest part starts. Creating an ad might seem too easy, but it's not. You need to brainstorm, come up with something that stands out from the crowd. Because there are many competitors on the market.To get your affiliate link you need to sign up at Clickbank. After signing up go to 'Marketplace', pick a product, I would recommend you choose the one that has a $30 payout or more.After you found something interesting to promote, click on 'Create Hop Link' enter your Clickbank ID, you will get your unique hop link.
Every trader must know these 3 critical success factors in trading.
Money Management
Money to us is what oxygen is to a diver. He must know how to use it wisely in order to last a diving trip. Just like in the stock market. You must pace yourself and manage your losses wisely. Always know how much you can afford to lose. A sound money management rule is to enable you to trade even if you suffer multiple trading losses.
Trading System
No matter what technical indicator you use, make sure you have a cut loss and a profit taking target. A sound system will also include a sensible risk and reward factor. Reward should always be more than the risk you are taking. Also, the trading system that you use should be personalized to your lifestyle and personality.
Manage Your Emotions
There will always be hope, greed and fear. Many hope that their stocks will move further north or rebound from a decline even though the charts tell a different story. When a sell signal occurs, they are greedy for more profits and choose to ignore the signal. After many losses, they are fearful to buy when their trading system tells them there is a strong buy signal and thus they miss a stock! After the stock moves, they got greedy and jumped in. Stock declines and they hope it will rebound for them to get out. This is what we always call emotional trading. Learn to keep them under control and do not base any of your trading decisions on them.
3. Disciplined Cut Loss
While we dare to buy when there is a buy signal, not many people are willing to take losses when there is a sell signal. This is human nature, when it comes to pocketing profits, everyone did it very fast! When it comes to losing something, everyone will be hesitant. It is high time you start to think differently.
4. Exercising patience
There are times to buy, time to hold and not do anything and there is time to sell. These are the 3 things that we can do in the stock market. It is when the time where we shouldn’t do anything that requires us to practice patience. When I miss a trading chance, I tell myself, patience, if I chase after the stock, the risk is not worth the reward. There will always be another opportunity. Stock market will still be around even after I die! Stock market is a marathon and is not a short sprint (quick buck). Those who tried to go for quick bucks without giving themselves enough time to understand trading often gets killed.
5. Always consider Risk/Reward in every trade
Before you put in a trade, make sure you have a sensible risk/reward factor working for you. This risk/reward is defined as a small loss when I’m wrong and a big profit when I’m right.
6. Have a plan, Stick to your plan
When you put on a trade, make sure you have defined a cut loss price and a profit target. Just like a flight path, there is a take off and a destination. Trade without a plan is like flying towards the Ocean hoping to see land. You will crash if you run out of fuel (money) or you met a storm (Sudden sell down due to crisis).
7. Look at both weekly and daily charts
Weekly chart shows the longer term trend and daily chart shows the “noise” or volatility. While we may find entries on daily chart, it is often important to look at the weekly chart for an idea of the “real” trend. It’s like looking at the bigger picture.
8. The longer time frame for the support or resistance the better
A support not broken for a few weeks or months is stronger than the support of a few days. This is especially true if the support of the longer term is tested and not broken. The same goes for resistance.
9. Never make decision during intra day unless unusual vo
Viral Marketing also known as Viral Advertising is a marketing technique used to build the public awareness of one’s product or company.Companies ride on the idea that if people like a good movie, funny story etc, they will pass it on to their friends and family. The company brands their logo or a product description to go with that particular media. Result? The company gets free advertising that keeps growing without them having to do anything else. .Viral marketing has become a popular means of advertising and marketing because they are relatively low cost. To avoid being tagged as spam mail, viral marketing counts on the eagerness of one person to pass on the product. If a person sees the name of the person they know as the sender, they won’t block it and open it as well.The main advantage of viral marketing is that you get a lot of public awareness about your site and your company. You can generate a flow of traffic that are potential customers. With a little ingenuity and imagination, plus some incentives like prizes and discounts, you can reach out to a great number of people and get them to pass you
3. Disciplined Cut Loss
While we dare to buy when there is a buy signal, not many people are willing to take losses when there is a sell signal. This is human nature, when it comes to pocketing profits, everyone did it very fast! When it comes to losing something, everyone will be hesitant. It is high time you start to think differently.
4. Exercising patience
There are times to buy, time to hold and not do anything and there is time to sell. These are the 3 things that we can do in the stock market. It is when the time where we shouldn’t do anything that requires us to practice patience. When I miss a trading chance, I tell myself, patience, if I chase after the stock, the risk is not worth the reward. There will always be another opportunity. Stock market will still be around even after I die! Stock market is a marathon and is not a short sprint (quick buck). Those who tried to go for quick bucks without giving themselves enough time to understand trading often gets killed.
5. Always consider Risk/Reward in every trade
Before you put in a trade, make sure you have a sensible risk/reward factor working for you. This risk/reward is defined as a small loss when I’m wrong and a big profit when I’m right.
6. Have a plan, Stick to your plan
When you put on a trade, make sure you have defined a cut loss price and a profit target. Just like a flight path, there is a take off and a destination. Trade without a plan is like flying towards the Ocean hoping to see land. You will crash if you run out of fuel (money) or you met a storm (Sudden sell down due to crisis).
7. Look at both weekly and daily charts
Weekly chart shows the longer term trend and daily chart shows the “noise” or volatility. While we may find entries on daily chart, it is often important to look at the weekly chart for an idea of the “real” trend. It’s like looking at the bigger picture.
8. The longer time frame for the support or resistance the better
A support not broken for a few weeks or months is stronger than the support of a few days. This is especially true if the support of the longer term is tested and not broken. The same goes for resistance.
9. Never make decision during intra day unless unusual vo
Have you been trying to make money with adwords and taken a beating while doing so? Have you taken the adwords beatings that seems to never get better? Constantly trying to make money with adwords, but just can’t seem to find the right method.I have been there and I know exactly how you feel. You want to start seeing results when you log in to Google, but there never seems to be any results, just money coming out and no money coming in. It is frustrating, I know.I am here to tell you that you can make money with Google adwords and you are doing things the right way. There are just a couple of things that you were never told. I bet no one taught you how to target keywords that will only cost you $0.05 per click.I bet no one ever told you that if you don’t write ads correctly you will get the wrong results because you will not be attracting the right type of visitors. This will cause you to pay for visitors that you don’t want, and that is wasted money.So how to we fix the problem of finding keywords that are cheap and writing the correct type of ads? Unfortunately, I do not have enough room to ex
There are times to buy, time to hold and not do anything and there is time to sell. These are the 3 things that we can do in the stock market. It is when the time where we shouldn’t do anything that requires us to practice patience. When I miss a trading chance, I tell myself, patience, if I chase after the stock, the risk is not worth the reward. There will always be another opportunity. Stock market will still be around even after I die! Stock market is a marathon and is not a short sprint (quick buck). Those who tried to go for quick bucks without giving themselves enough time to understand trading often gets killed.
5. Always consider Risk/Reward in every trade
Before you put in a trade, make sure you have a sensible risk/reward factor working for you. This risk/reward is defined as a small loss when I’m wrong and a big profit when I’m right.
6. Have a plan, Stick to your plan
When you put on a trade, make sure you have defined a cut loss price and a profit target. Just like a flight path, there is a take off and a destination. Trade without a plan is like flying towards the Ocean hoping to see land. You will crash if you run out of fuel (money) or you met a storm (Sudden sell down due to crisis).
7. Look at both weekly and daily charts
Weekly chart shows the longer term trend and daily chart shows the “noise” or volatility. While we may find entries on daily chart, it is often important to look at the weekly chart for an idea of the “real” trend. It’s like looking at the bigger picture.
8. The longer time frame for the support or resistance the better
A support not broken for a few weeks or months is stronger than the support of a few days. This is especially true if the support of the longer term is tested and not broken. The same goes for resistance.
9. Never make decision during intra day unless unusual vo
If one thinks that they can manage their own web search engine marketing company, then they are grossly mistaken. With so many search engine operations in the internet one is spoilt for choices. Competition is rift.One has to go a step forward to add that extra something that makes your web page stands out. Now more than ever you need the service of a professional who converts your potential visitors into buyers and increase your business. Search engine marketing companies offers excellent opportunity for web site business to increase their market share, brand recognition and website traffic.By amassing the online market strategies, powerful technology and other factors, they turn around the underperforming website into a success. They also provide the client with market research analysis and website development solutions. Search engine marketing companies takes the advantage of the search engine variables. That gives them a wide scope and at the same time their web page designer sees to it that the site is tailor made for quality visitors.Search engine marketing company optimizes your webpage and also retains
7. Look at both weekly and daily charts
Weekly chart shows the longer term trend and daily chart shows the “noise” or volatility. While we may find entries on daily chart, it is often important to look at the weekly chart for an idea of the “real” trend. It’s like looking at the bigger picture.
8. The longer time frame for the support or resistance the better
A support not broken for a few weeks or months is stronger than the support of a few days. This is especially true if the support of the longer term is tested and not broken. The same goes for resistance.
9. Never make decision during intra day unless unusual volume or news
I will never make decision during intraday. As mentioned earlier, a plan has to be formularized before putting on a trade. It is advisable to follow the plan and not be affected by the “noise” during intraday. Unless there is a sudden spike in volume which usually means something is brewing. Or there is some news about the stock.
10. Focus on market leader stocks and the sector in play.
Very often, the biggest gains are the stocks that are in play or from the sector in play. Pay attention to the top volume everyday and watch what group of stocks keeps hogging the list. You should be able to smell the play of the day or week. After that, look at the top stocks in this sector.
11. Livermore’s probing method
When a stock breakout at 0.300, I will buy 50% of what I intend to buy at 0.300. After that if it continues to 0.305, I will buy the remainder 50%. This helps to minimize loss if the breakout is false alarm.
12. Symptom of a Stock Market Crash
If everyone is talking about stocks especially people you know who were never in the stock market, it will mean everyone has invested and there will be no new buying to sustain a bull market. The same goes for bear market, if everyone has sold and got out of the market, there are no more selling to sustain the downward momentum.
13. Know what you want, trading or investing
This is the same as rule 6. Many a time, I see people who got into a position with the intention for a quick buck end up becoming a forced investor. Their stocks declined instead of incline as anticipated and they sat on paper losses telling themselves it is a great company and soon the price will rebound. If you want to trade, make sure you follow your plan. Same for investing, if you are an investor, do not be bothered about the daily volatility. Business fundamentals do not change as sudden as the chart changes. But it will be a shame on you if you refuse to cut loss if the fundamentals have changed.
14. Understand relationship between price actions and volume
When looking at charts, be sure to count the number of up days on heavy volume and vice versa for down days. It is helpful to read at past price and volume relationship to form an anticipation of what will happen next. Price and volume tells consolidation and distribution.
15. Beware of 1 day volume spike of more than 50% forming the shooting star
If the stock price touches a high during intra day but closes near or at its low of the day with high volume of more than 50% of average volume, time to get that parachute in your hands.
16. Buying at break out from resistance or buying near support
You should only buy at 2 locations on the chart. Firstly you can buy if the stock breaks out from the resistance. Lastly you can buy very near to support. If you buy between support and resistance, you will be squeezed.
17. Chart formation cup & handle, double bottom, triangles, box range
Chart formations show the consolidation and distribution of a stock. Always look for the shapes and pattern on the chart when analyzing.
18. Psychology of stocks breaking new highs (A reason why blueline theory works!) Holders missed the chance to sell high. Price retraced and they hold on to it waiting for the next high. When price reached the high, these holders sell. It flushed out all these stale holders thus creating a clear road for more upside.
19. Go through past trades to review mistakes
Looking at past trades enable you to know your mistakes. It is highly important that you should avoid the same costly mistakes from happening. It also gives you the ability to spot the danger signs on a chart quickly as you get familiar with them. The same goes for remembering what you d
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