Many network marketers have various reasons why they join the multi level marketing companies that they do. Here are just a few reasons why:
1 – The compensation plan
2 – Product and/or service
3 – They like their sponsor
4 – They are caught up in the hype
5 – Pre-launch excitement
And the list goes on!
But what many network marketers fail to realize is that while these are very good reasons to join and MLM business opportunity, they are not solid marketing factors when it comes to making money and building a long lasting MLM business.
The truth is…
You need to learn how to market your on the Internet and how to be very organized with your business. Otherwise, your business will fall flat on its face and will go no where.
However, you can’t market your replicated website by pitching your JUSURU businesss opportunity to everyone that breaths and expect to see some drastic results.
Besides, these are not your targeted prospects. These are just random people and all you are doing is keeping your fingers crossed hoping that they will like the opportunity that the replicated website is presenting to them.
This is why you need to learn how to market your JUSURU business opportunity in the back end by using a marketing system that will also teach other marketers how to promote their business as well.
By doing this, you not only earn upfront and residual income through your marketing system’s built in funded proposal, but you also are perceived to be a leader by providing tremendous value. In addition, your prospects will now have an opportunity to do the same for their prospects. This is the process of duplication and is a fundamental piece to your marketing efforts and works wonderfully for any business opportunity, not just the JUSURU businesss opportunity.
So, to answer the question: Does It Really Matter HOW I Market My NEW JUSURU Business Opportunity?
The answer is YES. It does matter…because you have to first learn how to market and how to build a predictable residual income to help fund your new JUSURU business opportunity. If you learn the “how-to’s” first, you can pretty much market any MLM company that you want to.
Are you ready to learn how to market and how to build a LUCRATIVE JUSURU Business?
LEARN MORE HERE:
Lisa Torres Business Owner/Marketing Consultant Tel: 347.920.3733 Skype: missltorres
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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Intel’s senior vice president and general manager of Digital Home Group Eric Kim announced the launch of Intel Atom processor, CE4100, the processor is the Intel processor
family, the latest system-on-Chip (SOC), the series is designed to be content and services brought to TV.
Intel CTO Justin Rattner, senior research fellow pointed out that innovation in the next few years, accelerated to 2015, there will be 15 billion sets of consumer-oriented
devices to provide billions of hours of TV video content, so the need for more advanced organize content, and to demand mode (on demand) to provide content, Intel Labs (Intel
Labs) is committed to promoting technological progress, so that when people need, regardless of where they have encountered are in the desired content.
At the same time, Kim also announced that Intel is working with several firms, such as Adobe Systems (Adobe Systems Inc.; ADBE-US), the British Broadcasting Corporation (BBC),
Columbia Broadcasting System (CBS), Cisco Systems (CSCO-US) and other companies for the next generation of television to provide more advanced content, applications, services
and infrastructure in the short term vision of interactive television can be achieved.
Kim said that TV focuses on the evolution of more processing power, which is the Intel CE 4100 media processor can provide advantages to the core of Intel Atom-based, for
network TV (IPTV) digital set-top boxes, networked media players and Digital television is optimized through the performance and high-resolution graphics capabilities, consumer
electronics manufacturers and software developers who receive the most innovative platform.
With consumer devices provide more and more TV content, graphics and audio decoder for consumer electronics platform also will be important, Kim said Intel is working with Adobe
Systems co-operation, through Adobe’s Flash Player 10, Intel The new CE media processor family on the implementation of the future of consumer electronics devices will be able
to play for the graphics and video optimization.
Rattner also predicted that consumers will soon be able to enjoy high-quality living room at home, 3-D video, and technology officer Howard Postley discussed the Light Peak of
the Intel code-named the new high-speed optical input / output (I / O) technology, which will improve the bandwidth and flexibility, and reduce the personal computer users to
download videos and other digital media, the complexity and cost.
Light Peak is Intel’s development of new high-speed fiber optic cable technology, the use of more detailed than the existing copper cable links to a variety of mainstream
consumer electronics devices, and provide better performance.
Finally, as the current and future digital transmission of TV a huge amount of content, it becomes extremely important personal, CBS Television Network has developed a TV
Widget, the program can help the audience with a more tailored approach to find and link to premium content, Intel believes, CE media processor performance and Widget Channel
software framework is the driving force behind TV Widgets.
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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!
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:
In all honesty, whenever I’ve travelled anywhere in the 42 countries I have provided business consultant services in, every business owner and private consultant only relates Liverpool, Merseyside to the two great football teams and the globally recognised band The Beatles.
In reality Merseyside consultants are delivering business strategies for both in-house and outsourced consultancy Merseyside. Just as Liverpool maintains two famous football teams in the UK premier league, it also boasts of a premier league buoyant business consultant industry. Consultant services for just about every north west consultant is exceeding demand.
Any premier league service lives or dies on the strength of the success of the previous consultant work provided. A key performance indicator is whether the support consultant was able to offer far more value than cost,and steer the business he or she was supporting into long term sustainable business growth.
Many factors dictate the success of the consultant services provided. Typically a business owner calls in a UK consultant when their business is growing too slow, or too fast for comfort, known in the consultant industry as boom and bust. Or when a business has hit the financial tipping point, or when a business is in trouble. Or finally when the business is seeking to grow exponentially. I’ll discuss these points later in this article.
It is rare for a business owner to call upon a support consultant or a private consultant when their business is just ticking along nicely. However in reality, every professional north west consultant has identified that this is the precise best time to retain someone from the consultant industry.
Prior to & during 2008, Merseyside consultants and business strategies delivered by consultancy Merseyside came under intense media scrutiny. Investment poured into Liverpool for its European Capital City of Culture status.
Just about every north west consultant was engaged as a support consultant for Merseyside consultant work. Consultant services boomed as local businesses prospered thanks to every uk consultant in the consultant industry.
Many key business strategies were identified by Merseyside consultants, which if applied can assist all others identify business problems before they manifest, and help other businesses turbo charge their business growth.
Merseyside Consultants Outline Consultancy Merseyside Business Strategies #1 Slow Business Growth
It’s no great secret that a very high percentage of new business ventures fail and close down within the first year. This attrition rate continues at high levels for the following two to four years. One of the greatest problems facing new business owners is that they simply don’t know – what they don’t know.
Small to medium business owners fail to realise that one of the things that separates them from larger companies is that they don’t have the benefit of a board of directors.
In reality the added value that most board members bring to a business is individual business skills, which when harnessed as part of a larger business development team, ensures a higher percentage success rate at a quicker pace.
However, when your business is experiencing slow business growth, one of the best business strategies is to tap into the consultant industry and engage a support consultant or a private consultant to assist you in achieving faster business growth.
Consultant services brings added value to a business that is experiencing slow business growth. You may be pleasantly surprised at the low cost of hiring a north west consultant for your consultant work. UK consultant fees are very reasonable in today’s current economic downturn
Merseyside Consultants Outline Consultancy Merseyside Business Strategies #2 Boom And Bust
97% of business owners have never received any formal business academic training in how to be a managing director, or in how to implement business strategies. Every private consultant knows it is the managing director’s role to manage the business, so every UK consultant understands why so many businesses fail in the first 12 months.
Consultant services advise that because of this lack of business training, many managing directors try to run before they have learnt to walk the business walk. Although a proven business growth support consultant once advised me that Impatience is a virtue, this doesn’t count for an inexperienced MD where patience is definitely the virtue required.
As a north west consultant providing consultant work for various businesses this boom and bust is one of the consultant industry greatest problems.
Merseyside Consultants Outline Consultancy Merseyside Business Strategies #3 Business In Trouble
The consultant industry is no stranger to assisting businesses in trouble, and as a north west consultant, I have seen a sharp increase in the number of businesses in trouble.
In this regard, my consultant work and consultant services are geared towards getting the business owner to take two steps backwards in order to take one positive step forward.
I once heard a private consultant in America refer to this as ‘circling the wagons.’ Whatever phrase you assign to it, one thing is certain. The first rule of being in business trouble is to get out of business trouble. Business owners should not be embarrassed about seeking business consultancy advice and support.
Merseyside Consultants Outline Consultancy Merseyside Business Strategies #4 Financial Tipping Point
In my role as a north west consultant two of the last few businesses I provided my consultant services to, had reached what the consultant industry calls the financial tipping point.
This is when a business typically navigates through the most difficult first few years and experiences some initial growth, only to find their annual turnover is not increasing any more. I’ve also heard a UK consultant call this ‘hitting the wall.’ Whichever phrase you use, reaching the financial tipping point is a very precarious period for any business.
Any private consultant or support consultant retained by you to deliver consultant work will advise you that a few companies will bumble along for a year or two at that tipping point. But be advised, that most businesses who have reached the financial tipping point will only spiral downwards into liquidation at a fast rate of Knots.
Merseyside Consultants Outline Consultancy Merseyside Business Strategies #5 Exponential Growth
Any UK consultant worth their salt will understand the importance of getting all the business owners ideas for business growth into a concise strategic plan specifically designed to aid exponential growth.
During the pre-capital culture year in Liverpool, every north west consultant engaged in consultant services would have had much hands on practical experience of this type of consultant work.
In order to get exponential business growth right, a business owner requires expertise from the consultant industry. Retaining a support consultant should only be considered if the UK consultant has proven experience in steering a business or ideally businesses into exponential business growth.
It is sometimes difficult to get this skill set from an individual private consultant unless he or she is affiliated to one of the larger consultancy groups.
The International Business Guru & Growth Consultant grows businesses fast delivering exponential growth, increased turnover & profit margins. He delivers business support to small, medium & large businesses in 42 countries. To claim his FREE business case files e-mail him at drmarkdyates@aol.com
Ever wanted to make money online but never know how? Finally there is a way without spending any of your hard earned money on buying on of the get rich quick schemes. The information is available for free.
Why would you want to promote other peoples products? Well, it takes a lot of time to come up with a successful product that you can sell online. You will also need to set up a website, e-commerce, drive traffic to your website, etc. Your overhead will be a lot bigger as well, as you spend money on website creating, web hosting, shipping, etc. You will have to familiarize yourself with traffic generation, online marketing, SEO’s, etc. This all can be very overwhelming. It is my firm opinion, that getting started in making money online the easiest and best way is to start in affiliate marketing.
You can start out not spending any money at all. Through time you will be able to adapt more marketing options and become better and better at what your are doing. If you choose then to take a product to the market, you will be well equipped and ready.
Affiliate Marketing you can start part time, at your kitchen table with a minimum of time and money, if any money at all. I will show you how you can money as an affiliate marketer without spending any money at all. I will also show you how to spend your money wisely if you decide to invest into your new business.
The easiest way to make money online is affiliate marketing. In the first part of affiliate marketing 1-2-3 we will cover getting set up with Clickbank.
To get you started, you will need to set up an account with Clickbank at www.clickbank.com. It is very easy and free. Clickbank works as a facilitator for companies selling products online and affiliates.
There are other similar sites online like Clickbank. However, no other site has a better reputation in the business. Clickbank has been around for over 10 years and paid out more than one billion dollars to their affiliates.
The way it works is that companies will pay a commission, typically 50%, to affiliates driving traffic to their websites that results in a sale.
You will need to sign up as an affiliate. Just follow the simple steps, and you will be able to create an account in less than 5 minutes. You will create a nickname unique to you, that you will need for signing up to promote different products with different vendors.
After you have created your account, you can now browse and look for a product you would like to promote. Just look for the tab “Marketplace”, located on top of the Clickbank website. You can then search different categories or search by Keywords. Sign up for a product, and you are on you way to make money online.
In Affiliate Marketing 1-2-3 Part 2 we will advise you on how to select a good affiliate program.
So if you decide to turn your entrepreneurial passion into profit you will sign up with Clickbank for your free account. Then you will be ready to begin promoting digital products. Best of luck on making money online.
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What does it mean to live a spiritual life… to really, truly, deeply live from the place of ease, grace, joy and love no matter what shows up in the world around you? This is a question I’ve been pondering for a few months now, and one that is getting answered as I face some challenges and changes in my life, business and family.
Living a spiritual life isn’t about skirting along the surface of understanding; rather it’s about being willing to look for deeper meaning, understanding, lessons and gifts in every moment of your life.
Like right now, for instance. Are you fully here, in this moment reading and absorbing this article (and giving yourself the focus and time you deserve to be fully present)? Or, are you reading this article with a dozen other things running through your mind feeling stressed about how much you have to do and how little time you have to do it in.
I’m simply asking you to notice what you’re doing right now. It’s only in stopping to notice what you’re doing that you can begin to uncover the gems that are waiting in each moment for you, including this one.
This consistent “noticing,” awareness and presence in each moment is what living the spiritual life is all about. Being spiritual doesn’t mean you have to retreat to a mountain top in India for a month of meditation. And, it isn’t something you do at your convenience when you feel you need it because the “going got tough.” Living a spiritual life is as simple as choosing to not get angry when someone cuts you off on the highway… and instead choosing to bless them with love and pray for that driver’s ease and safety. It means embracing a spiritual way of being in every moment of every day (or at least noticing when you have contracted into fear, doubt, anger, lack, etc. and doing something to shift into a higher state of being).
On the flip side, it’s also important to see that living a spiritual life isn’t about how peaceful, loving and connected you feel when you are alone with yourself. Yes, it includes that, but the spiritual “rubber hits the road” when you move into aligned and integrated action in the physical realm.
This is the most critical part of the journey of living a spiritual life… that you learn how to integrate what you’re experiencing in you inner world with how you show up in the outer world. This is part of why the outer world of my business will be transforming and shifting in the coming months… because I am transforming and shifting on the inside and I’m seeing things in my business (and my life) that no longer feel aligned with who I am today.
So, in closing, I’m going to recommend that you to take five minutes right now to ask yourself how you’re doing living your spiritual life and jot down whatever comes to you. If you have questions write them down; if you think I’m crazy write that down, too. If you’re resonating with this question and yearn to live a more aligned, expanded and spiritual life in every area, including your business… then write about what that might look like for you. Please give yourself the gift of a few minutes (right now) to reflect on this question. Your freedom may very well reside in what you’ll discover.
Christine Kloser, author of The Freedom Formula, helps small businesses put soul in their business and money in the bank. If you want to enjoy a purpose-driven business and a soulful life, send for my free Conscious Business Success Kit, which includes my report, How to Avoid the 3 Massive Mistakes Made by Conscious Entrepreneurs and audio, 7 Strategies Entrepreneurial Authors Need to Know Before Writing a Word, at .
It is surprising how many people are still confused about heartworms and the effects that a heartworm can have on
your dog.
First lets look at what heartworms are and how your dog can become infected.
Heartworms are transmitted by mosquitoes into the dog’s blood stream. The immature heartworms called microfilaria
travel through the blood stream.
The microfilaria settle into the heart chambers and major pulmonary blood vessels. This causes a blockage of the
blood flow and pathological changes to the surrounding tissues.
This blockage happens when the larvae grow into adult worms. An adult female heartworm can grow up to fourteen
inches and can live as long as five years.
A female heartworm can produce thousands of microfilariae, which is transmitted into a mosquito when it bites an
infected dog, and subsequently injected into the next dog that that mosquito dines on.
What Are The Signs That A Dog May Have Heartworms?
ØUsually the first system is weight loss. The dogs’ hair may become dull and brittle.
ØThe infected dog also may tier easily.
ØA persistent coughs and or labored breathing.
ØIn more progressed cases victims may vomit blood from ruptured lungs.
If the disease is not prevented or caught in time the result will be a slow painful death from congestive heart
failure.
What Do I Do If My Dog Is Infected?
Treatment is available but it can cost hundreds of dollars, and may be ineffective depending on the degree of
infestation.
The best defense against heartworms is routine checkups with your vet. Giving your dog heartworm medication once
a month easily prevents heartworms.
Warning: You Must Have Your Dog Tested For Heartworms Before Starting Heartworm Medication!
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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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