TD-SCDMA was considered to be the continent to achieve self-3G communications technology specifications dream, even though mainland China so far, including mobile phones and system operators, and even Taiwan IC design industry MediaTek, TD-SCDMA is still a wait for implementation, and has been gradually the practice of dream, however, with the Freescale (Freescale) into its mobile phone baseband and RF chip product line was sold to Beijing Beijing core, for the international chip suppliers, TD-SCDMA was like a nightmare, including Analog Devices (ADI), NXP (NXP) and Freescale Fun gradually forced to withdraw from the global mobile phone baseband chip market.
Analog Devices took the lead in mobile phone chip product line sold to MediaTek, NXP also in 2008 will be related to product lines sold to STMicroelectronics (STMicroelectronics), and even through direct investment, access to mainland China IC design companies COMMIT equity Nokia (Nokia), and Texas Instruments (TI), also COMMIT after blowing taps forced to exit the market; as Freescale is the choice in 2009, the mainland state-owned enterprises as the final buyer, bringing the involvement of all the original TD -SCDMA system development of foreign handset chip suppliers, have stop-loss off.
In fact, including Analog Devices, NXP and Freescale’s TD-SCDMA system in the choice as an investment target, and plans to launch last-ditch, and then to have tasted the bitter fruit of recovery is too slow and was forced to exit the market, the final choice sale of the product line a passer-by. Freescale CEO Rich Beyer will be admitted, have invested too much but the recovery is too slow, yes Freescale consider their own competitiveness to opt out of the global mobile phone baseband chip market key, he was laying bare the current global mobile phone baseband chip market competition in dilemma.
Chip supplier said that despite the development of TD-SCDMA system, more than five years, but as of June 2009, TD-SCDMA system is mainly announced by leaders of China Mobile TD-SCDMA users is only about 99 million people, accounting for the current number of users the proportion of more than 500 million people is less than 1%, even though the second half of 2009 China Mobile TD-SCDMA user goals can be further increased by about 3 million people in the next 2 to 4 years will be an increase of about 3,000 million users, but this compared to TD – SCDMA system, a huge amount of investment is still insignificant.
Chip suppliers that the China TD-SCDMA system, the amount of investment is too large, but the amount and timing of recovery is getting slower and slower operating difficulties in the short run seems to be no better chance, the big question is likely to continue to plague remained in the pit fighting all the chip suppliers.
However, the mainland TD-SCDMA chip market situation of the war has been from the original domestic and foreign competitors, mixed race, now transformed into MTK, Spreadtrum and other mobile phone chip makers cross-strait apply on competition, the kind of “home advantage” if the two sides will make mobile phones chip suppliers out of the woods, however, await further validation of the time.
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The demand for professional translation services has grown in the recent years not only for businesses but also for individuals. Globalization has clearly implied that both large and small business units are trying to reach the worldwide market and are thus expanding through their websites and legal contracts. And these websites and legal contracts are actually written in the national language only, therefore professionals from other countries or provinces find it really difficult to understand them. For such reasons only translation services have seen a major up thrust.
To translate or get anything translated to any foreign language, like French, Italian, or Spanish, is a tedious task that one can only dare to attempt either once or twice. But finally it becomes quite cumbersome and the person thinks to quit. Sensing this issue only, various websites have started offering translation services to their customers. There are websites that offer services such as corporate translating service for documents, reports, brochures, etc.; short translating services for blogs, multilingual FAQs, etc.; and writing and re-writing services. You can also seek professional help for special needs including website translation, DTP or page layout, and preparing multilingual documents.
Breaking into the international markets can lead any company towards increased profitability and growth more rapidly than the domestic market. Translation services can extend great help here as most of the businesses need to present their websites not only in an international language but also in several other languages. The online language translation services can come handy in such cases.
How Everything Gets Into Real Process
It is really important to understand how the companies and the translator work. The companies hire licensed professionals to translate the languages. In case a company is focused to the German market only, it will hire a professional who can interpret the regional language into German and vice versa. When this process of translating the writings is over, the software professionals settle programs according to a locale, handling the localization testing as well. This way, websites get translated and the originality of the format is also retained.
Language has got a great significance in today’s world. This is a medium through which information travels from one place to another. Some companies even outsource the projects of making their own websites and brochures etc. and get them translated as well to extend its products and services to the worldwide markets, by making the information accessible to everyone. This serves as the major reason for most of the companies to hire language professionals for ‘writing their official documents.’ They want the translation to have higher degrees of professionalism for they would be presented to the customers. That’s why there are websites offering hard core services in translating almost every language on earth.
They keep the same professional attitude for translating the material and serve you the way you want as they do understand that your ultimate goal of hiring them is to gain a cutting edge in the competitive market worldwide.
Language is a real significant way of information exchange in global market. If you want to get your writings translated in French, German, Italian, Spanish, etc., or vis a vis, visit and get your work done in no time.
CMMB On the one hand only TD terminals, and are also subject to the profit model is not clear, develop into Miju. This is precisely the analog TV handsets provide a good industrial environment.
In China Mobile and China Mobile on the CMMB wide co-operation projects have been formally signed, the part of the opportunism of the final result of illegal domestic sales of mobile phone brand GSM mobile phone standard CMMB relevant state departments have suffered heavy fines.
Recently, this reporter visited a number of cell phone stores and found that the previous best-selling Sky CMMB mobile phone has been removed counters, leaving only a small number of analog TV signals mobile phones. “Some time ago manufacturers face severe punishment once, and now can not sell GSM standard CMMB mobile phones, but not any TD’s CMMB mobile phone users to buy, why not do CMMB mobile phone manufacturers have basically had.” Its mobile channel for official told reporters.
Currently, CMMB mobile terminal due to fees and restrictions on the industry chain manufacturers have suffered a “cold treatment.” In this case, the users demand for mobile TV is so that analog mobile TV show under adverse growth. Science and technology according to the Thai King, chairman of cloud Vijay to the “Communications Weekly” (net) at the press disclosed that so far Telegent analog mobile TV chips have accumulated shipments of over 50 million, significantly exceeding the company’s targets, and with the the increase in users, chip shipments are still further increased.
CMMB in bottleneck
From a technical perspective, analog television signals to the band’s profit margins are too low, poor quality, mold rpm (analog signal transduction digital signal) is an unstoppable trend. However, due to analog television has cultivated the habit of watching TV for free, user fees for these reforms are bound to face enormous difficulties.
“In the global markets, there is no one digital mobile TV operators in the case of successful operation. Because the analog signal into a digital signal process, requires a lot of network construction costs, but most operators rely on user fees to recover, but the allow users to shift from the free charges it is very difficult. “Telegent chairman Vijay clouds analyzed the situation when in an interview that the immediate difficulties faced by CMMB short period of time can not be solved. “So in a very long time, analog TV and digital TV will co-exist, but also to some extent, analog mobile TV will be more popular.”
Analog TV mobile phone growth in times of adversity
Market research and consulting firm InStat analog mobile TV released a white paper shows that in the next few years or even longer period of time, the world’s population has more than 85% of people will be able to continue to receive analog TV signals. This is further strengthened, including Thai King, including analog TV mobile phone industry chain manufacturers confidence.
Thai King’s chief executive officer Vijay Cloud said: “and fee-based digital TV mobile phone compared to free wireless receiver for mobile TV success was due to two major driving factors. The first is content, in fact the consumers watch content with their traditional TV viewing on the content of the same; The second is that global coverage, enabling consumers to virtually anywhere in the world watching. “
InStat’s FrankDickson, vice president of research, said: “analog mobile TV has two very basic and very compelling advantages: cost and availability. Analog TV infrastructure already exists, no need to formulate new standards, and the business to consumer who is free of charge. “
According to InStat predicts that in 2009 the worldwide analog mobile TV subscribers will reach 54 million, while in 2013, the worldwide analog mobile TV subscribers will grow six-fold to 3 million people.
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contain a great deal of information about ,, welcome to visit!
A copy of a successful business plan can be a helpful resource as you try to better understand how to create your own. Follow the following guidelines to make sure you use this resource as you should.
Check the Source
Begin by making sure that you can trust the source of this business plan. How do you know it was truly successful in achieving funding for its writers? Keep in mind the motives of whoever provided you with the plan. Are they invested in your success, because of friendship, good will, or business reasons? If not, what was the source’s reason for passing this plan on to you?
What Stands Out?
Pay special attention to the elements of the business plan which would attract you if you were a funder. How does the writer show that it is not much of a stretch for the business founders and managers to make a profitable business based on the basis business idea presented? How are the returns that will flow to funders shown? How does the strategy fit well with the market situation (the customers and competitors)?
Note the Differences
You should also carefully note areas in which the business described in the plan you are looking at will differ from your business. Be careful to know that you cannot simply transpose the strategy laid out in this plan into your own plan. You are looking at the plan to understand the thinking about it, not to copy specific elements verbatim.
Understand the Format
Since business plan format is relatively standard, any successful business plan should give you a good sense of the important sections of a business plan, their order, and the style of the writing and appearance of the plan. Look for how the plan manages to be professional and polished, without creating stylistic distractions from the content of the plan. Look for how the sections of the plan build the story of the business, piece by piece, following an internal logic and order. Look at how easy the plan is to read and to navigate through, with the use of a table of contents, page numbering, and section headings and subheadings. All of these elements should be found in a successful and well-written plan.
Eric Powers is associated with Growthink, a business plan consulting firm. Since 1999, Growthink have developed more than 2,000 business plans. Call 800-506-5728 today for a free consultation. Or, if you’re writing your plan yourself, Growthink offers a to help you develop your plan quickly and easily.
Compressed Natural Gas and Liquefied Natural Gas: Cars, Light Trucks, and Medium/Heavy Duty Trucks
Natural Gas Vehicle technology is widely available and has been available for purchase in most regions of the world for decades. Governments, fleet managers, and private consumers are recognizing the environmental benefits of lower emissions from NGVs. However, lack of refueling infrastructure has caused NGV demand to stagnate in many countries. In regions where NGVs have strong market performance, adoption is largely due to a combination of inexpensive natural gas, a large number of existing refueling stations, and government subsidies of vehicles, fuel, and infrastructure. ( )
Our assessment of the NGV market points to strong growth in regions where the infrastructure is already supported, which include parts of Europe, Latin America, and the Middle East. It anticipates growing acceptance of NGVs as governments approve climate change treaties and energy security legislation. These factors will contribute to NGV sales growth of 5.5% annually by 2015, though some regions will see growth stunted by greater political support for other transportation alternatives such as electric vehicles, clean diesels, and biofuels.
This report provides an overview of the opportunities and challenges to NGV light-duty cars, trucks, and medium/heavy duty trucks. The report includes a comprehensive assessment of compressed and liquefied natural gas (CNG/LNG) vehicle technologies, including tanks and engine modifications. It also examines key drivers of market growth by fleet customers as well as private consumers. Detailed forecasts are provided for the global vehicle market, global NGV fleet and private consumer sales, NGV refueling stations, and NGV sales by vehicle segments. Key market players are also profiled.
Key questions addressed:
* What vehicle segments are available as NGVs? * What is the outlook for NGV growth within vehicle segments? * What are the key storage tank and engine technologies used in NGVs? * How many NGV refueling stations are there? * How big are NGV markets and how large are these markets expected to grow? * What are the key drivers of growth in the NGV market? * Who are the key industry players in the NGV market?
Who needs this report?
* OEM Vehicle Marketing Managers * NGV Conversion/Upfitter Companies * Vehicle Component Suppliers * Storage Tank Manufacturers * Natural Gas Mining Companies * Natural Gas Utilities * Natural Gas Pipeline and/or Shipping Companies * Biogas (Landfill Gas) Producers * Government Environmental Agencies * Government Transportation Agencies * Environmental Transportation Advocacy Groups * Vehicle Trade Associations * Investor Community
To know more and to buy a copy of your report feel free to visit : http://www.bharatbook.com/Market-Research-Reports/Natural-Gas-Vehicles.html
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Contact us at :
Bharat Book Bureau Tel: +91 22 27578668 Fax: +91 22 27579131 Email: info@bharatbook.com Website: www.bharatbook.com Blog: http://bharatbookresearch.blogspot.com Follow us on twitter: http://twitter.com/3bbharatbook
We are the leading information aggregator, facilitates and supports the business information needs. With over 115,000 reports, you can get instant access and insights on the studies in yo for market research , corporate / strategic planning by providing the latest information in the form of reports, journals, magazines and databases on varied industries like automotive, oil and gas, shipping, textiles, pharmaceuticals, energy, banking, finance, insurance, risk management, country intelligence, consumer & durable goods, chemical and more ur areas of interest. Contact us at +91 22 27578668 / 27579438 or email info@bharatbook.com or our website www.bharatbook.com
Decades ago, surveying your audience required a significant investment of time, effort, and money. You could interview your audience personally, over the phone, or conduct your survey through an expensive mail drop (which half of your population would ignore).
The landscape has shifted over the last decade. In the same way that the internet has changed the way we purchase products and services, it has altered the manner in which companies interact with their respective markets. More businesses than ever are leveraging online surveys to attract the data they need at a substantially lower cost. This article will provide a high-level view of the advantages and potential drawbacks of using online questionnaires.
Shortened Response Collection Time
It’s no longer necessary to send researchers into the field to personally interview people. Nor is it necessary to maintain a team that enters individual responses into a statistical analysis program. By posting your questionnaire online, the data can be collected and collated automatically. This dramatically reduces the window of time between your survey’s launch and being able to take action on the responses. Indeed, what once required weeks now takes days.
Also, by allowing respondents to complete your survey online when it is convenient for them to do so, you’ll enjoy a higher response rate. The more people who participate, the more reliable your data.
More Flexibility In Design
Questionnaires that are used in a “real world” environment lack flexibility. For example, consider a market research survey that is soliciting responses from a broad audience. There will be many people within that population to whom questions will be irrelevant. A researcher or interviewer would be tasked with identifying which questions were relevant to the individual participant.
Online surveys make use of skip, pipe, and branch logic to personalize each item on the questionnaire. Skip logic allows each participant to automatically pass over items based on their responses to previous questions. Branch logic lets you (the surveyor) send participants along different routes based on their previous responses. This type of technology not only saves time, but makes the experience more fluid for the respondent.
Better Profile Targeting
Because you can control the paths by which participants find your online questionnaires, you can target specific profiles. For example, suppose that you operate an online bookstore. If you maintain a robust customer database, you can send email invitations to specific groups of customers. You can target them based on the types of books they have purchased, their average order size, and the recency of their orders. Better profile targeting yields more valuable data.
Potential Drawbacks: Server Crashes And Programming Errors
Depending on the software or third-party vendor you use to manage your online questionnaires, server crashes and programming errors can occur. When they do, they can become problematic. For example, if you’re using an in-house solution and your server crashes, you may lose your data. Or, if you have hired a programming team to design your survey software, and they have done a less-than-perfect job, it can lead to errors during the execution phase. This may cause confusion among respondents, leading to a rise in your abandonment rate. Worse, it can influence the purity of your data.
The advantages of conducting online surveys far outweigh the potential drawbacks. In fact, server crashes and programming errors (arguably, the two most significant drawbacks) can be eliminated by choosing the right third-party software vendor.
Price, while important, should not be the sole criteria by which you identify potential providers; many low-priced vendors offer very little flexibility on an unreliable infrastructure. Instead, consider price, level of support, feature set, and server reliability. Those four criteria will help you find a reliable survey software provider that can meet your company’s needs.
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Who said that making money online has to be hard? Actually it is very easy. There are not many other places, or at least I have not found another place, that you can make money without working too hard, or following a boring routine over and over. I would like to show you 2 best ways that will enable you to make money without working too hard.
1. Setting up your own web site
There is no reason why you could not be up and running within an hour. Setting up the website, and selling a product online through your own online store can be done in less than 60 minutes. You can get set up for around $15. The best way is to use a drop shipper to move your product, so you don’t have to have any inventory at all, no need for storage or purchasing the product, and no hands on handling and shipping for you at all. The drop shipper will do all that for you, and most importantly, it will eliminate the risk of purchasing inventory that might not sell. You will be able to adjust your inventory and what you want to sell over time when you get a “feeling” for your market and the marketing you do. Furthermore, you will not have to put any effort forth in finding a wholesaler.
2. Become a blogger
There are literally thousands and thousands of people doing this already, Why? Because it is so easy to do. You can be very successful doing this and join others making thousand of dollars every month just blogging away on the internet. Not only will you find that this is easy to do, but you will find that many of the people doing it do it because of personal enjoyment. This can be such great fun, that it will never feel like work. And you will be making money. You can even sell your blogs for big money. A few managed to sell their blogs for millions of dollars, even so this is rather the exception rather than the norm. Fact is, you can make lots of money. No matter what, you can be a successful blogger and join the other thousands of people online and make some extra money, or even a living blogging away.
Setting up your blog is easy and all you really need to be concerned about is a good subject. Make sure you spend a little bit of time doing research online, as you do not want to do what everyone else is doing. It will be very helpful, if you have specific knowledge about the subject, which will also keep your research time to a minimum. Find something you enjoy, so you keep interested in the subject and have lots of ideas to write about, and don’t run out of interesting things to say. Creating a good content for you blog will be very important as the foundation for your blog, and then add advert code into your blog. There are free blogs available online from WordPress or Blogger. You cannot bear free! So there will be no reason for you not to be up and running literally within minutes of visiting those sites.
to my join me and learn more on how to make money online, easy to follow steps, and look over the shoulder of a successful online entrepreneur.Article Source:
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This article is about money management and trading psychology. This is the lesson that you never get with 99% of other Forex systems that you have come across.
I find it interesting that most of the systems out there don’t include this because if they actually were successful traders, they would know that this was the key to success and to leave it out makes an incomplete system that won’t work!! This tells me that the people that wrote them or are selling them aren’t traders at all. They are just in the business of selling HOPE!
Well, if you haven’t noticed yet, I am a trader, and I am different than the others. Don’t get me wrong, there are honest trainers out there, I learned from one and I am eternally grateful to him.
So let’s get on with this. First of all, this is my own interpretation of several sources, and the practices that have worked for me. Please read EVERYTHING you can find on trading psychology, and money management. There are a lot of slightly different views but overall, they are very similar and the main important points are all pretty much the same.
There are two main issues that cause 99% of the problems. Can you guess what they are? If you answered FEAR and GREED, you are correct. These two emotions are probably responsible for 99% of the worlds problems as well but that is beyond the scope of this course À .
So, now that we know what the big obstacles are, let’s try and figure out how to overcome them. In the course of my lessons, I have listed a few but I will put them all together here in one place so that it is easier to follow, and perhaps make it easier for you to develop your own system to help you trade better.
We can’t eliminate fear and greed. They will still be there in your heart and mind, but we can make some rules so that they don’t interfere with your trading success. We can come up with systems and procedures to follow, since we KNOW ahead of time that fear and greed are major problems. I’m sure you have heard the statistic that 95% of all speculative leveraged traders FAIL. This is absolutely true. Here is another statistic that I believe…100% of traders that don’t know how to overcome fear and greed will FAIL. So does that mean that if I can teach you how to overcome these problems that your chance of success is 100%? Of course not. But I can tell you that you cannot be successful if you don’t protect yourself from yourself.
In lessons 1-3 I have outlined a trading system. The first thing you must do, whether you follow my system, another system, or your own system is to follow the rules of the system WITHOUT FAIL. If your system calls for a certain entry point, do not enter until there is a signal to enter.
Systems are designed for a reason. That is why it is called a system. What do we learn from this? Patience. Perhaps the stupidest thing you can do is enter a trade on a hunch. This brings us to our first FACT:
The odds are in your favor before you enter a trade. This is true for most trading systems. Void of fear and greed, if you follow each system exactly, you will profit. Some systems may offer better profits than others, but overall you should be able to profit with any system, IF you have no fear and no greed.
This brings us to THE BIG SECRET. Other than omitting trading psychology, other systems also don’t tell you that you are playing a game of odds. Let’s say for example that we are playing “coin toss.” Theoretically, for 100 flips of the coin, 50 will come up heads, and 50 will come up tails. Of course, the first 100 may be 55/45, but the more you play, the closer to 50/50 the numbers will get. Our system for “coin toss” is as follows: We play for 20 hours, and flip the coin exactly 5 times each hour, and for every heads that comes up, we get paid $2, and for every tails that comes up we pay $1. This should be a profitable system. After our game we see that heads came up 50 times and tails came up 50 times. (Stay with me here). So at the end of 100 tosses, we have paid $50 and received $100. A profit of $50.
So let’s say that during our second game of coin toss, we decide that we are going to let the flipper(hint: the market is the flipper) keep flipping the coin for an hour while we take lunch but we are not going to pay or be paid for those flips. During our lunch hour, heads comes up 5 times in a row (which is theoretically possible, and not that unlikely). And now we are back from lunch, and we are down $10 for the hour. Now, theoretically the odds of 5 tails in a row coming up after 5 heads in a row are pretty good because for every ten tosses, you should have about 5 heads and five tails. So now we get 5 tails in a row and now we are down another $5, for a total of $15. So not counting the 5 tosses during lunch, this leaves 90 tosses that we still have to account for and let’s say that they were 45 heads and 45 tails. Our profit for these tosses is $45 (45×2 minus 45×1), now if we take away the $15 for the tosses we didn’t take, and that string of losers, we are left with a profit if $30. So lunch and 5 lousy spins cost us 40% of our profits.
Now this is theory but it absolutely applies to this market. If you are picky about what trades you want to take and what trades you don’t want to take, you are MESSING
WITH THE ODDS. My point for this whole big story about “coin toss” is this: If the conditions are met, TAKE THE TRADE without hesitation. The odds are in your favor, but only if you take ALL of the trades that meets the conditions. When I say ALL trades I know the market is open 24 hours a day and you can’t possibly take every trade. You need to pick a time frame and stick to that same time frame everyday and take ALL trades during that time frame.
I can tell you that in the month before I realized this (my first month of trading real money actually), my total profit was 92 pips. I had an idea of what I was doing wrong so I was keeping track of the trades that I didn’t take along with the ones that I did. I included entry point, day, time, and whether the profit target was hit or if it was stopped out. Don’t get me wrong, I was extremely happy to be in profit after trading for only one month with real money. But then I went back and looked at the numbers for “what could have been.” Guess what? Had I taken every trade that met my conditions, my profit for the month would have been 355 pips! I was not happy. But soon I realized that I had messed with the odds. After realizing what I had done wrong (or not done right in this case) I began to have more confidence in my systems. The very next month my total profit was 515 pips, or a 560% improvement just for taking all of the trades that met the conditions. I think that is enough said about that.
Sorry to stay with the coin flip game here but it actually works very well in teaching these principles. This brings us to FACT #2. You do not need to know what is going to happen to make money. If we know that we are going to make $2 fifty times and pay $1 fifty times as long as we flip the coin, are we going to play? Of course! Well, all trading systems have similar odds. From my testing, I know that this system on average will produce 9 wins of 20 pips for every 1 loss of 40 pips (that number may vary but that is the maximum loss I ever take). So we know ahead of time that 9 wins at 20 pips is 180 pips, and minus the loss of 40 pips, leaves us with 140 pips profit. Now keep in mind that you may be 8 and 2 this week and 10 and 0 next week. We never know when a loss is going to come. We may even lose every trade for a week, but not lose a trade for the next 9 weeks. Believe me it happens. You do not need to know exactly what is going to happen, you just need to take every trade that meets the conditions and then count your profits at the end of the month/week/year etc.
This section deals with money management as well as psychology. Back to coin toss for a minute. We know that each win brings us $2. And we know that for each win in this trading system we get 20 pips. We know that each tail that comes up costs us $1. And in our system we know that each loss is 40 pips. If we know what our loss is going to be ahead of time, we know what it is going to cost us to find out “what is going to happen.” From this we can decide how much we want to risk based on our account size.
FACT 3: You know how much it will cost to find out. I have decided not to ever risk more than 5% of my account on any one trade. So knowing that, I can figure out how many lots to trade ahead of time based on my account size. It may cost $250 in margin for a 1 lot position but this is not what we are risking, we are actually risking ten dollars times the number of pips in our stop. If our stop is 40 pips, we are risking $400. Now we know that we better have at least $8000 in our account to take a position of this size. If this trade turns out to be a loser, and our balance falls to $7600, we know that we can’t afford to take that trade again because a loss of $400 is more than 5% of our balance. We would need to adjust our number of lots down accordingly to keep our risk <5%. We also don’t want to increase our lot size to try and make up for that loss. Always reduce your risk if your account balance falls. The next thing we don’t want to do is immediately increase our lot size after a winning trade. It is better to trade at the same lot size for 15 or 30 days at a time before increasing lot size. This allows the account to build steadily without large swings in either direction.
FACT 4: There is a random distribution between wins and losses for any given set of variables that define an edge. Your trading system is your edge, but you never know in what order your wins and losses will come. Be prepared for this and accept the losses, knowing that the odds are still in your favor.
This brings us to our final two facts.
FACT 5: Every moment in the market is unique. Yes we use pattern recognition to define our edge but there are so many variables in this market that it is impossible to ever have the conditions exactly the same as any other moment. You could play 100 games of coin toss and no game will have the exact same order of wins and losses, even though they may have similar outcomes.
FACT 6: Because of fact #5 we know that ANYTHING CAN HAPPEN. This is why it is important to follow the trade rules exactly and play the odds. Every broker/trading system has a disclaimer that says basically “do not trade with money you can’t afford to lose.” The best thing you can do when you open your real money account is to mentally consider that money GONE. If you are not afraid to lose it, you will save a lot of stress and your trading will improve. Only you can determine what you can afford to lose, so just don’t put more in there than you are willing to lose. Compounding is an amazing thing that we will talk about in section 5, and the money will come if you follow the rules. If you start with less, it will just take a little longer but once again you will save a ton of stress.
TRADING WITHOUT FEAR AND GREED
1. I Objectively identify your edges. You have a system here that works, enough said. 2. I Pre-define the risk of every trade. We covered that in FACT #3. 3. I Completely accept the risk. Consider the money GONE.
4. I ACT on my edges without reservation or hesitation. Follow the rules and take every trade that meets the conditions. 5. I pay myself as the market makes money available. Take your 20 pips and be happy, or trail your stop. Even if you are compounding your account, pay yourself something out of your profits each month. It will make you feel better. (On a side note: I take 20 pips for every trade until I am up 200 pips for the month. I do not even think of trailing my stops until I am up 200. Once I am comfortably in profit, I start to look for solid opportunities to trail my stop and grab some extra pips.
Even if they only go 20 and then come back, I still make 5 pips. 20 of those still adds up to another 100 pips.) 6. I continually monitor my susceptibility for making errors. I read Mark Douglas’ book monthly, and make up sheets with my rules on them that I read daily. This helps me to see plain as day when I make a mistake. 7. I understand the absolute necessity of these principles, and therefore I never violate them. I have included a sheet that you can print out to keep near your computer to read every day. Read these facts and rules every day even if you memorized them. Finally,
FOUR STUPID THINGS The first stupid thing you can do is to close a position early because you think it is going to go against you. Just because you have an edge over the market does not mean that price will immediately shoot up or down to your target. Price will move up and down and will even probably move against you before it moves in your favor. If you let FEAR of LOSS get you, you will lose money. If the market is going to take you out, let the market take you out by taking out your stop. That is why it is there. The odds are still in your favor.
The second stupid thing you can do is to close a position early because you don’t think (or you are AFRAID) that it won’t reach your target. If you don’t play the odds properly, you will not realize the full profit potential. What if in our coin toss game we decided that we were going to take our profit for a “heads” at $1 instead of the $2 that we were supposed to get paid? If you remember, our profit was $50 for the first game. If we had only taken $1 for each win, we broke even. That is a lot of effort for nothing. Even worse, if we make some mistakes along the way (we all know that we are perfect traders right?) as we did in game number 2 where our profit was $30, we can lose money by not taking enough profit. Remember that we had a $15 loss for our mistake and 90 spins remaining. If we had taken only $1 for each of our 45 winning spins we would have broke even, minus the $15 puts us down $15 overall instead of being up $30. The system is designed for a 20 pip target, GO FOR IT.
The third stupid thing you can do is to get greedy. As I said in my sales material, if you had shot for 30 pips instead of 20 for the trades I listed, the profit would have been about half of what it was for taking just 20. Interesting how this whole thing works, huh?
Just taking 5 or 10 pips can be considered GREED as well as FEAR since you are so afraid of loss that you get greedy for those 5 or 10 pips compared to the potential loss of 20-40 pips. Don’t let it get you, follow the rules and be happy with your 20 pips.
The fourth stupid thing you can do is move your stop, believing that the market will eventually go in your favor. This is the fastest way to lose money. We are DAY traders. Yes the market may go in your favor but it may move 300 pips the other direction before it does, if it does. This could take weeks or months and you have a limited account balance. If 5% of your account is tied up waiting this position out, guess what. You are missing 20 other opportunities to make money instead of just sitting there waiting, down a hundred pips while you miss the opportunity to make 20 trades for 20 pips each. Maybe you break even, when you could be up 400 pips. JUST DON’T DO IT.
THE BEST THING YOU CAN DO
Once you place your trade, and place your stop and limit, TURN YOUR COMPUTER OFF and go do something else. You are now in automatic mode, and the market will take you out, either for a profit or for a loss. This is the best way to eliminate the temptation to succumb to FEAR or GREED and do something stupid.
The rest is up to you. Only you can decide whether or not to follow the rules and believe in the facts. This lesson is the most important to your success and I hope you won’t take it lightly. If you are trading and following the rules of your system, and not making money, you need to take a look in the mirror. It is not the system that is the problem, it is you. I am not trying to be harsh, but when I was not making money, it was not the system it was me so you are not alone. Don’t give up, because you can be successful if you just work through and figure out the problem.
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At present, the mobile phone is not better than the days of big brother. Recently, the world’s two major mobile phone makers Nokia and Sony Ericsson reported third-quarter results were announced, the two companies have received a substantial decrease in the same period last year bills.
Nokia, the first time in nearly 10 years, quarterly losses, this quarter, Nokia sold 108.5 million, compared with same period last year fell 8%. Sony Ericsson in third-quarter shipments of 14.1 million handsets over the same period last year dropped by 45%.
For the year fell sharply, the two companies have admitted that because of the continuing result of severe market conditions. Apple, Blackberry and other products fast becoming the darling of the smart phone market, to create a great impact on traditional markets.
To occupy the top spot over the years Nokia’s mobile phone market seems to have realized that a sense of crisis, and Intel cross-licensing agreement was less than 100 days, also announced that Microsoft co-develop mobile phone version of office and unified communications products. Left pro-Intel, Microsoft, the right football, for this has a global 1 / 3 of the giant mobile phone market share for such a positive attitude in the past are very rare alliance.
With Nokia and Sony Ericsson and other painful experiences as a starting point, a mobile phone market shuffling has just begun. Apple, BlackBerry, GPhone, Palm has become hot, but in order to Acer, Dell and other PC makers, represented by a large number of companies are ambitious to enter the smart phone market. In China, Lenovo, Dopod, Huawei, ZTE and other opportunities to seize the smart phone manufacturers have begun to come to the fore.
Development of the industry trend of 3C integration is of course one of the reasons, but people are most likely to associate or from the Google Android mobile phone operating system threats. In the previous long period of time, the Nokia-led Symbian in the global 150 million – that is, half of the market – the mobile phone running, the mobile phone operating system, the leader in this category.
Currently the world’s Android Alliance members have reached 48. More ironically, after, or members of the Symbian camp, handset makers Samsung, Sony, Motorola, Android alliance have changed. At this point, the world’s four major mobile phone makers, only Nokia by itself, it’s still stubborn jealously guarding its Symbian.
Of course, no one doubts are still firmly occupy the Nokia mobile phone market absolute dominance, but the global “mobile phone hegemony” is, indeed, facing an unprecedented trouble. Just a few years ago when the popular RAZR series, no one believed that Motorola would be the same as the rapid decline.
Is not only Nokia, Sony Ericsson, for all mobile phone makers, today’s life is definitely not better. There are now, Google with Android’s flourishing, Microsoft, Dell’s strong entry, each mobile phone makers need to catch up before the arrival of the mobile Internet era, in order to win themselves a place in the most advantageous.
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