Agel Enterprises is a network marketing company based in Lehi, Utah
The company was formed in 2005 by CEO and founder Glen Jensen and co-founder and VP of Team Relations Craig Bradley. Scott Bockland is the COO and President.
As of September 2009, Agel operates in numerous countries internationally. Currently, they operate in such places as North America, much of Europe, Malaysia, Nigeria and South Africa. They continue to expand globally. A full list of the countries they operate in can be found on their corporate website.
The company supports charity through it foundation called Agel Cares Foundation to improve lives across the globe.
Product
Agel initially brought to market nutritional supplements suspended in gel. Hence, the name — Agel. The technology to produce gelceuticals is patented by the company.
When they first opened their doors, they had 4 gel products — FIT for weight loss, OHM for energy, MIN for minerals and vitamins and EXO for antioxidants. They have now expanded their nutritional gelcuetical line to include a total of 10 different products.
A more recent addition has been their skin care products which are also gel products.
The packaging of the products is very modern and appealing. I have tasted samples of some of these products and liked the taste. However, the product is expensive and it is unlikely the average family would be able to afford buy one product for a family of four. For instance, just buying MIN which is a mineral and vitamin supplement would cost a family of four $260 per month plus shipping.
The products are halal and kosher certified which would appeal to the large global population of Jews and Muslims. It is rare to find a network marketing company that will make their products certified kosher and halal.
Business Opportunity
The compensation plan is a binary and your team volume commissions will be 10% on your lesser leg. As with any network marketing company, you will need to bring in a large amount of business builders and customers in order to make any life changing income.
So can you make money with Agel? Yes, absolutely. But in order to bring in the numbers of business builders and customers that you need in order to succeed, you will need to learn effective online marketing strategies and techniques.
is an Entrepreneur and Internet Marketer Mentor who helps people internationally to achieve Financial Freedom by creating wealth and prosperity online! Let a military veteran show you how to make money online by visiting Joan’s website at now.
Getting started is the hardest part. It is challenging to choose what method you are going to start with, what product you are going to market, what type of business you want to enter and so on. There are just so many choices out there—however, here’s what you need to do.
First of all, you need to take action. That action can be in the form of purchasing more information, buying your first domain name, selecting a product in Clickbank to promote, or anything for that matter. The key point here is, taking action.
Tony Robbins states that ‘A real decision is measured by the fact that you’ve taken a new action’, until that point, have you really started anything?
Often we think we are working online or creating our own business, when really we are just watching Youtube videos, or half heartedly trying to throw up a website. Action takes dedicated effort and follow through, if we aren’t doing that, we simply aren’t doing that much.
The reality is, there are a lot of different things you can do online to make money—you would think with so many options that it would be easier for us, yet, these choices can really set us back through indecision and lack of focus.
Maybe we want to try filling out surveys for money? Or maybe affiliate marketing? Or should we create a product? Thinking like this can cause us to bounce around and not fully commit to any one thing. Call this indecision or procrastination, either way the results are the same, we simply don’t make any progress.
To overcome this obstacle we have to jump in. There’s an ancient Samurai quote I always remember when I am struggling with a decision: ‘One should make his decisions within the space of seven breaths’.
This can be applied to beginning online: When trying to choose which place to get started, always remember that actually getting started is the most important part.
The fact is, making money online has never been easier. For affiliate marketing, all you have to do is sign up to Clickbank.com, select a product, and start marketing. Doing surveys online is probably even easier, sign up to a survey site like http://SurveyFarm.com and you can get paid by well known companies that are collecting market research by conducting surveys.
Building your own financial security online is a great opportunity. You could be 7 breaths away from creating your new future, all you have to do is jump in.
Jesse Grant & Bill Maloney have been internet marketers for over 4 years now. They have devoted their time after becoming succesful to helping others achieve success online and move away from the 9-5 route. It is very simple to create a residual income nowadays online and they show you exactly how.
They created a unique guide to help people achieve success online with internet marketing. If you want to know more about the Fast Cash Fire Method you can visit their site here:
To start a talent agency with a modicum of staying power, you’ll need to be keenly observant of everything you do. Obviously, lacking the much needed wisdom coming from years of experience in this line of work, you are quite likely to succumb to some of the inevitable pitfalls that can be found along the path of establishing a name for yourself, and in this industry, this may prove quite destructive. In truth, the primary driving factor in this line of work is your reputation… and due to this, your primal start in this field will decide the ultimate fate of your agency – whether it takes off and succeeds or crashes and burns outright. Even the tiniest disappointment your starry-eyed, perfection-expecting clients have can brand you as “the agency that sucks”, to be avoided at all costs, with just a few cell phone text messages in a mere matter of minutes. Sounds a mite horrific, doesn’t it? So, what can a newbie do?
The benefit of years, perhaps decades of experience in this particular part of the entertainment field is pretty much a requirement. However, as should be plainly obvious to anyone, if you’re just beginning to start a talent agency, such experience is something you’ve likely haven’t a bit of. This is the reason we need to benefit from the wisdom of those who have attained such experience for years before us. Some have had very long and successful careers in this line of work, and now retired, seek to take on more challenging work. These masters mentor those of us out there in the world who are just beginning in this field.
If you start a talent agency under the guidance of these wise sages, we can learn from their many years of experience and reap the fruits of their hard-earned wisdom. This mentoring is precisely what we need to begin our business properly and gain a lasting foothold in this industry, and avoid the many mishaps that can befall us while learning the secrets of the trade in order to really help our agency grow and thrive in the entertainment business.
If you want step by step advice on how to set up your own talent agency from the man who worked with John Travolta & Hootie and the Blowfish head over to
Before Belinda Skarwecki started working as a bookkeeper for DirectBuy in 1974, the world was a different place. Richard Nixon had yet to resign from office. Not everybody had a color television. There was still no such thing as a free agent in baseball. Yet in celebrating her 35th anniversary with DirectBuy, Skarwecki knows that one thing still holds true: the numbers don’t lie.
“As a bookkeeper, the numbers must always add up. So even though it might not feel like 35 years, the calendar tells me otherwise,” said Skarwecki.
Skarwecki began with DirectBuy while still in high school, working as an assistant to the company’s bookkeeping department at the previous location in Calumet City. Under the tutelage of the company’s bookkeeper at the time, she acquired a skill that’s served her well over 35 years.
In fact, Skarwecki’s longevity with the company is only trumped by DirectBuy of Tinley Park Owner Ed Sell—even topping the service time put in by Ed’s wife I.J., who started with the company 29 years ago. “We hit it off right from the beginning,” adds Skarwecki.
Ms. Sell concurred, “We look at Belinda as a member of our family who also happens to do our books. That’s the kind of relationship we have and we’re very thankful to have her with us.”
That loyalty has been repaid by both sides as Skarwecki remained with the company when it relocated from Calumet City to its current location at 18400 S. 76th Avenue in Tinley Park, Illinois. And when a back condition limited her traveling ability, she and I.J. arranged for her to work from home.
“You don’t spend 35 years of your life with a company for no reason. Ed and I.J. have been wonderful to me and it’s very gratifying to see how the company has grown over the years and how many lives it’s been able to positively impact,” said Skarwecki. “I’m looking forward to many more years with DirectBuy.”
Skarwecki still resides in Calumet City with her husband Marvin.
The leading home improvement and furnishings club with direct insider prices, DirectBuy of Tinley Park Estates offers manufacturer-direct pricing on products ranging from light fixtures to televisions to kitchen cabinets, all from more than 700 manufacturers and their authorized suppliers. DirectBuy also offers design, delivery and installation services.
About DirectBuy
It’s a comfortable, country-club setting, where you finally have the financial control of buying direct. The five DirectBuy showrooms serving the greater Chicago area are part of more than 160 locations throughout North America.
Consumers interested in becoming members may obtain a Visitor’s Pass to attend an Open House by visiting .
Locations of the five DirectBuy showrooms serving the greater Chicago area are: DirectBuy of Gurnee, 4081 Ryan Rd. #107, Gurnee, IL; DirectBuy of Hoffman Estates, 2200 N. Stonington Ave Ste. 150 Hoffman Estates, IL; DirectBuy of Chicago North, 6325 Avondale, Chicago, IL; DirectBuy of DuPage County, 1864 Highgrove Ste. 136 Naperville, IL; and DirectBuy of Tinley Park, 18400 S. 76th Avenue Ste. B, Tinley Park, IL.
To learn more about the superior value and benefits of a DirectBuy membership, visit .
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.
SurveyGizmo is a leading provider of , for more great ways to use surveys to enhance your business check them out online at Article Source:
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 .
A career as an energy auditor is becoming an increasingly important one as more and more people are looking to make their homes more energy-efficient. Not only is this important so that people can save money, but it’s also important for the environment because more efficient homes mean less energy waste and less negative impact on the environment, too, including fewer carbon emissions from burning fossil fuels.
The career outlook for an Energy Auditor is very good. They make on average $30-$60 thousand a year.
Recently, tax incentives have persuaded more people to jump on board and hire energy auditors. This means that this is a career that is in particular demand right now, and it’s a good one for you to get into if you want to do something that’s going to help the environment and be in a lucrative career besides.
How is an energy auditor pursuing a “green” career?
Because energy auditors help people be more efficient in their energy usage, they in effect impact the environment positively because less energy waste means that fewer fossil fuels are burned. And this helps us, our environment, and our fellow species be healthier and happier, which can mean longer lives for all of us.
What type of education do you need to have in order to be energy auditor?
In general, this isn’t yet a standardized profession, so that different companies and agencies will have different requirements for their employees in regard to the education they need to have. In some cases, a bachelor’s degree in engineering is all you’re going to need. In other areas, you’ll need a graduate degree in an area like engineering to get the job. You may also need to have experience in business management and maybe even a degree in business management itself.
Info Considering a career as an energy auditor
If you’re considering a career as an energy auditor, one of the things you will definitely be involved in is engineering. Beyond that, though, as previously stated, educational requirements vary from company to company. If you have a particular company in mind that you would like to work for as an energy auditor, contact that company and find out what level of education and experience you have to have. Getting experience to become an energy auditor
Beyond a bachelor’s degree in engineering and other requisite additional education, you’ll also need to have some practical experience before you can become an energy auditor. Most often, you’ll start as an adjunct or support to another energy auditor. In this way, you’ll get to learn the responsibilities on the job as you work. In many cases, if the company you want to work for requires that you have advanced degree such as a business degree or other advanced degree specifically related to becoming an energy auditor, you can begin as an apprentice of sorts or support to another energy auditor and continue your education as you work. In addition, many of the degree programs themselves have a certain amount of work-study built into them.
Provisional certification
In some cases, prospective employers may allow candidates who want to be energy auditors but don’t yet have the job experience to take an exam for provisional certification in employment, and then allow them to gain the necessary work experience to be truly qualified. Upon completion of minimum practical experience, the candidate is given full certification. The amount of time this takes varies between jurisdictions, but generally takes between two and six years.
is the #1 green careers website on Google. We have the most comprehensive database of articles on green jobs. Whatever your stage of life, we have you covered. Green careers, green training, and green entrepreneurship articles are only a small part of our exhaustive green career site. There are tremendous upsides to having a green career.
A famous quote says “Your attitude today determines your success tomorrow”. The most valuable asset you can possess is a positive attitude towards your life. Your attitude determines how much success you can achieve in all aspects of your life. Your attitude is also one of the first things people notice about you, and impacts on all the business and personal relationships you will have. Positive attitude is not a product of heredity; but with proper training, anyone can acquire this important trait.
If your attitude is not positive, then you can use some tools to do an “attitude tune-up”.
1. You must understand the power of attitude Your attitude is the most powerful tool for positive action that can help you become successful, so you will need to understand this before you can work on the following steps towards adjusting your attitude for the better. Your attitude impacts on everything you do, the way you think and your motivational levels. In order to turn your attitude around and get into action towards your goals, you need to be able to consistently fight any negative or pessimistic thoughts that you may get. You need surround yourself with positive things and people, and you need to keep on your ultimate goal of achieving the success and wealth you want.
2. You must make a choice to be in command of your mind and attitude Taking full responsibility for what goes on in your mind by monitoring your thoughts is the first step towards being in control of your attitude. The power of choice is very influential in our lives. In order for you to be successful and wealthy, you must first choose to be successful. While you are working your way towards your goals, you will encounter some hurdles, you may experience some failure; but is very important that you control how you respond to whatever that happens, and keep your attitude positive, while working towards your goals.
So, what will be your choice? A positive or a negative attitude? It may be easy to make this choice, but what tends to be a challenge is to actually stick with this choice no-matter what setbacks you face. “Program” your attitude by training yourself to be always positive, maintains a positive inner dialogue, and keep your focus on your long term goals. Choosing to have the right attitude will help you become successful in all areas in all areas of your life.
3. Identify and stop the negative attitude that holds you back Assess your present day attitude and identify aspects of, which may be holding you back from becoming successful. What are the underlying causes of your negative attitude? What attitude do you need to propel yourself towards success and wealth? Do an attitude assessment and work an all the attitude that is keeping you away from being successful and wealthy. Rid yourself of any debilitating attitude, and focus on the positive attitude, which will help you attain your optimum potential in all areas of your life.
4. Turn your attitude into action and find your purpose and passion After you have identified what it is that is holding you back, you will be ready to take on the next step of looking ahead and analyzing where you want your life to go and what you want to achieve. In order to be successful, you must understand the importance of living your life with purpose and passion, and having a personal vision of what you want in your life. If you do not have a vision, you have nothing to work towards, and therefore you can not be consistently motivated. Once you have your success goals specified, then you can easily turn your attitude into action as you work towards these goals.
5. Develop strategies for maintaining the right attitude For you to be successful in your life and in your business, it is important to be able to maintain the right attitude at all times, regardless of any setbacks you may face. You will need to prepare yourself for handling any challenging situations that may threaten to provoke negative attitudes that will throw you off course. You must develop some self-motivation techniques to help you maintain the right attitude towards your goals; namely affirmations, visualization, positive attitude talk, enthusiasm etc. By using these tools, you will be well prepared to achieve professional and personal success. It is also important to build supportive relationships that will get you through challenging times.
By simply following the steps outlined above, you can have the right attitude, which will help you transform your life and achieve any success you want.
Did you find this article useful? For more useful tips and hints, points to ponder and keep in mind, techniques, and insights pertaining to Internet Business, do please browse for more information at our websites. <a target=”_blank” href=”http://www.adsence-dollar-factory.com”>http://www.adsence-dollar-factory.com</a> <a target=”_blank” href=”http://www.100earningtips.com”>http://www.100earningtips.com</a>
Want to start online business and need some money making ideas, Read this article before you begin the online business. Get the idea about how to select the online business and how to make money with it.Looking for ideas to make money online? Availability of money making Ideas is ample To start internet business is itself a good idea. To earn money you too can start internet business as it is to start. You will never be short of money making ideas, but you should choose the idea that suits to you. Most of us when start a business very often they commit mistake. Lot of website that sells home business products or services claims as there is no work involve to make money when you use their products or system. Most people are not serious and being lazy and look for easy and fast way to make money No system is available as such that need no work. You must need to work to make money. It is easy to start online business, but proper selection is must and what it takes to make it successful.
The process of the business is what you need to understand and when you grasp it, It becomes easy to make money. It is tough job to select right business. To make it easy, study several money making ideas that you find . when you learn about various businesses you will be able to find the needs of the business. You will be able to analyze and What can you do spend more time or money. Once you know what the business really want and if you can fulfill the requirements you may go for it. I am sure you are definitely interested in making money online as you are reading the article.
It is not wrong anything in it. More and more people want to make more money and add extra income to their present income. You do find several opportunities that will help your objective, While we are talking about internet business, most of them might need some technical skills. Can you acquire the technical skills that the business needs? if no , would you opt the professional and pay for the service? You do not need to worry if you are a technical person or not to run any online business. You can make your job easy using so many professional services and products. It is possible to run business that require technical skills even for those who do not have any technical background. You will find the solution for almost every problem that you might face while starting or running online home business.
You can start any online business as there is no short of solution for any problem. No matter if you have or not the knowledge of particular business, you will find number of tutorials or guides that teaches you how to do a particular business for profit. Not only you will understand how to do the particular business but also about the resources you might require for that particular business. It is certain that you can make money with all legitimate business idea; People are lazy and not want to learn more techniques and strategies of the business. If you dedicate enough time and take efforts, you can make money with any online business. So, do not be lazy, be serious learn as much as you can about your selected business and make money from the comfort of your home.
Study about several home business opportunities, Here you can find the best to
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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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