First Comes Success – Then Comes the Dreaded Fear-Based E-Mini Trading Blues
One of the first things I tell my new members is that trading is primarily an intellectual exercise and all the oscillators and indicators you can accumulate will not necessarily make you a better trader. In short, how well you trade is directly related to how well you can think like a trader and not a layman fresh off the street. That being said, some of your best trade setups will occasionally end up producing negative results and this can be very discouraging to new e- mini traders.Okay, I think we all know that you, as an e-mini trader, are going to lose some trades regardless of the merits of your setup. There is no trade that has 100% probability of success and losing trades is simply part of the process of learning to trade. I lose plenty of trades and so do all professional traders. The real mark of a truly accomplished trader is how he or she handles and unexpected losing trade. My advice is to look at each trade individually and pay no mind to the previous trade, whether it was a winner or loser.What if you lose 2 or 3 great set up trades in succession?Well, it is certainly not out of the realm of possibility that you could lose several correctly placed, high probability trades at some point in your trading career. To be sure, probability dictates that you will lose several very high probability trades in succession; taking a trade that you consistently win with and watching it fail can be confusing and disheartening to most individuals and they develop a “bunker” mentality. Quite simply, they lose their confidence in their “go to” trades and become very conservative and hesitant to trade with authority.As a new trader, you typically trade with your mentor for several days and hit a good number of winning trades. I like to follow members of my program for several days and make sure they are taking the trades that are likely to be profitable for them. But eventually every trader wants to pick his or her own trades and develop a sense of individuality in trading. It seems to me that the tendency to “go it alone” happens at about two months of live trading. Then, they hit execute 2 or 3 high probability setups that go south on them in a big way. They lose confidence. They lose their edge. You have to have some sort of edge to successful. My edge has always been not restricting myself to lagging indicators and trading in real-time. I guess I would mention that any trader has to have a certain level of resiliency, but that’s for another article.Fear based trading can be one of the most debilitating conditions a new trader can encounter. They seem to lose the ability to “pull the trigger” and off and end up entering trades late and taking profits far earlier than normal. In short, one of the surest signs of fear based trading is taking profits very early in a trade and not letting it run.In my experience, traders tend to buckle down and outgrow this fear as they develop confidence in probability and acceptance of a few losing trades along the way. But there is another group of traders who simply cannot stand losing and each losing trade drives another nail in their coffin of trading failure. My experience with this type of trader is they began a quest for the “trading holy Grail” and spend years and thousands of dollars trying to find that 100% guaranteed trading method. It doesn’t exist.Overcoming fear based trading takes patience and the steady hand of an experienced mentor and is usually not an insurmountable obstacle in a new trader’s quest for success. On the other hand, those traders that simply cannot accept a losing trade find them self in a never-ending search for the next magic e-mini system or a miraculous indicator that shows all winning trades with 100% accuracy; good luck with that.
A Small Business Phone System Puts Small Companies in the Big League
A small business phone system can help a small business to operate more efficiently as well as minimize communication costs. Unfortunately, most phone systems are given little consideration when a business is first starting out. Communication with business clients and customers is essential to any successful business and should be given careful consideration before the final decision is made.There are many different options available to the business owner when looking at a small business telephone system. Most of the time, basic features are needed to conduct business on a day-to-day basis. Things such as call holding, call forwarding, music on hold, and voice mail are all basic features that most businesses use during the course of communicating with customers or clients. For this reason it is important that any system being considered has these options available.Since communication is the core of any business, considerations must be made for how the business operates and which features would be considered most important. As an example, if the business is involved in the delivery of physical products then having a way to communicate with drivers and dispatch deliveries would be important. A small business phone system in this particular case would need to include features that allow the dispatcher to communicate with the drivers as well as sales personnel and other employees scheduling deliveries. This type of system might include a feature that allows extensions to be forwarded to cellular phones so that drivers can be reached simply by calling their extensions.The above scenario is just one of many ways in which having a properly configured small business system can streamline productivity and save the company money. Larger businesses have enjoyed this advanced technology for some time and now many manufacturers are now making these features available to smaller businesses. Technology such as voice over IP and automatic call distribution are now being integrated into small business phone systems.One benefit to small businesses is having an auto attendant to route calls. With this technology in place, there is no need to have someone answering the phone simply to transfer the call to another person. The phone system can route these calls based on the last name of the person they’re trying to reach or entering the extension directly if they happen to know it. If the business does not have an operator, there are ways that the system can be set up to route calls should the caller press zero.Voice over IP technology has become the norm in telecommunications solutions. This technology allows businesses large and small to leverage their existing network for the transmission of voice communication. Phones for small business are now using this technology to allow them to have communication without boundaries. Like their larger counterparts, small businesses are taking advantage of the versatility that voice over IP provides. No longer limited to the office, employees can take their extensions with them so no matter where they’re at, they can conduct business seamlessly. Another advantage to employee mobility is that customers and clients are given one phone number. Giving a client or customer a cell phone number often results in an employee always being available whether actually at work or not. By giving a client an extension on the phone system, they will only be able to reach the employee during normal business hours. The phone system provides a voice mail where the client or customer can leave a message. During times when the employee is at work, the extension can then be forwarded to the cell phone so that the employee can be reached if he or she is out of the office.A large consideration when choosing a small business telephone system is one of supportability. Many smaller businesses do not have internal IT support. For this reason, when purchasing the phone system support should be included in the contract price. However, if the business does have internal IT support they will need to be trained on how to add extensions and provide other basic maintenance that the business needs on a day-to-day basis.Toll fraud can cost a small business lots of money before they realize that it has occurred. Security is of the utmost importance when implementing a small business phone system. Toll fraud occurs when unauthorized calls are made using the phone system and the phone lines attached to it. These calls are often made to overseas locations at the expense of the business. They often don’t realize it until they receive the bill and question the nature of the calls. Most of the time in these cases, the phone company will rarely reversed the charges. This is why it is important that the phone system be set up to minimize this risk. Additionally, a phone system should have the ability to block calls to specific parts of the world or to limit employees to making only local calls if needed.The type of circuit used for phones for small companies is typically what is called a POTS line. POTS, an acronym for “plain old telephone system” is a single phone line identical to what you would see in a typical home setting. The limitation of the POTS line is that it can only handle one phone call at a time. In order for a business to receive more than one call at a time the phone company must bring in multiple POTS lines. They’re then configured in the small business telephone system as a “trunk group”. The phone system then distributes the calls to individual extensions. Due to limitations of standard phone lines, many small businesses are taking advantage of the newer technologies such as voice over IP. Since data circuits can be used for more than just voice traffic, it’s become quite appealing to even the small business owner.A business system is becoming a necessity for many small businesses. In order to compete with larger businesses, the smaller companies must appear bigger than they are. Since many consumers will often go with well-known names, smaller businesses are going to have to work harder to establish Customer confidence. When a customer calls and the call is answered in a professional manner, the customer is more confident about the potential transaction. Having a small business telephone system puts a smaller company on the same playing field as its larger competitors.
Small Business Loans – Get Initial Funds For Your Business
Being a small business owner, you need to pay extra attention to management of financial resources. Since growth of your business somehow depends on its financial position, you should always be cautious about cash flaw within or outside your business. It is quite true that lack of finance can become a big problem in the way of the success of your small business. Since a sapling business face different kind of financial problems, any ordinary loan cannot meet these requirements.For that reason, the borrower needs to find out such a solution that may help small business owners in meeting different requirements of their small businesses. Small business loans are one of those business loans that are specially tailored to meet requirements of a sapling business organization. These loans can meet each and every financial requirement of a going business and can help that business in growing with a faster pace. Since the market is crowded with various business loan schemes, every small business owner can manage to get the desired amount without any problem. Therefore if you own a new and small business organization and financial shortfall is bothering you, then these loans can prove to be the best help for you.These loans are simple to get but for getting these loans, should have an approved business plan. This business plan must be working and should be approved from the national corporate body. For getting these loans, the borrower also need to estimate how much finance he or she will require for running his or her business smoothly. Application for small business loans include purpose, amount and type of loan therefore, if you are looking for any such business loan, then evaluate these terms to get a suitable loan.Usually, small business loans are pledged against any high valued collateral but if in any case you are able to keep any asset as collateral against the loan amount, going for unsecured loans are the best option. However, a business loan requires good credit score for getting approval but if you are a bad credit borrower, then also you can arrange the desired cash with bad credit loans for small business. Usually, a traditional business loan demands a loan proposal and some of the details of the borrower. Since processing of these details take a lot of time, online loans are the best solution.In fact, online loans helps the business owner in saving their precious time and allow them to focus on their core business activities. With small business loans, the borrower needs to follow a particle repayment process but this schedule can be settled as per the monthly profit of the concerned business. These loans help the owner of a small business in achieving the desired profit level. Therefore, if your small business is suffering because of unavailability of funds, then these loans can help you in growing your small business with a faster pace.