Jumping into the trade market without a proper plan would land one in trouble and chaos. The market journey should begin with the roadmap of the trading plan. A successful trading plan not only incorporates strategies but also addresses risks, entry and exit points. Every trading plan should include the following aspects.
Assess the skills: Question yourself whether you are ready to trade before stepping in. The trading market is literally a war between givers and takers. The loss of one is a profit of the other. So, while planning we should ensure that we are good enough technically and psychologically to take up the task and stress too!
Set ambitions: Setting goals or targets is the essential factor of planning. Calculate and set the risk/reward ratio. Additionally, lay down monthly/yearly profit expectations.
Prepare prior to the start: It is important to watch stock news and updates before the start of the market. Check whether international markets are opening in high or low and index features like NASDAQ are good or bad. If we do cryptocurrency trading, we can check the tool, read more about Crypto Code for knowing the coin value predictions from the experts.
Entry/exit rules: The major mistake which many traders do is that they forget to plan the exact entry and exit points. The motto of every trade is minimizing loss and attaining profit. If a trader is already low, he will mostly choose to hold the shares rather than taking risk of losing the remaining. A good professional trader concentrates on managing money, and do not actually care about losing trade. Do not forget to exit when the target is achieved or if the trade goes in a different way.
Set the risk level: We should assess and evaluate our tolerance to risks. We can set a tolerance range between 1% and 5% of the capital. Unfortunately, if loss hits beyond this level, it is thoughtful to exit and prepare for the next day market.
Learn from the outcomes: At the end of the day, sit and write down the loss or profit and the experiences learned. This helps in opting for a better trading plan.
Success never comes easy. It is a prolonged process of learning, researching, applying and correcting mistakes if any. Every trading day is an experience. Building a successful trading plan, incorporating these key elements will definitely assist in building the trade.
Everyone wants to earn money and many people resort to online trading of shares. But just jumping into the market without any proper study or understanding of the market, you will end up losing all the money you invested. Hence, if you are into trading of online stocks or currencies, you need to follow certain rules to maximize your earnings and minimize the potential losses.
Rules to follow
Don’t commit all the cash in one go- Since it is a fast-moving trading market, there will be many opportunities coming up all the time. So, you should have money in hand in order to take advantage of all the opportunities that come along the way. Even when you are trading in cryptocurrencies this rule should be followed. If you don’t have time to trade in both the markets, then you can choose to trade in cryptocurrencies through the trading software crypto CFD trader. All the information about the software can be found on this website.
Have a proper plan- You need to have a proper plan in place before you begin the trading process. You need to have pre-determined points wherein you need to cut the losses or take the profits. Once the plan is prepared you to need to ensure that you stick to the plan. There are many people who get carried away during the trading and forget all about the pre-set plan and face loss later on.
Find out the events which move the markets- You need to research the market to find out which all events move the market. You need to have an eye on your trading position as well as on all the events happening around the world. Keep yourself fully informed by reading through the financial publications and political news.
Diversify your portfolio- You should not only concentrate on investing in blue chip shares but also invest in stocks which are of low key too. You should diversify your portfolio and invest in more than one sector like manufacturing, pharmaceuticals, automobile, etc. Once you diversify your shareholding, any events that affect a particular sector will not cause any impact on those shares that are of a different sector. Hence you will not suffer a total loss in worst scenarios. But you need to be updated with all the sectors happenings and events.
Once you are able to follow the above-mentioned rules, you will be able to trade in shares without any difficulty.
Have any of your trading adventures left you high, dry and shy?
Almost a third of people whom I choose to ask why they have left trading never to come back to it again tell me that it is because the field is full of scammers. There are scammers who are heartless and spineless. Robbing the trader once will not do for them. They need to change their avatar again and again and scam the poor trader who burns a hole in his pocket by repeatedly investing money in his trading account while the crook software gobbles up his investment is seen laughing himself riot to the bank.
If you are a victim of similar circumstances or you know someone who is, we truly empathize with you.
Umm before you dismiss it as another sales talk or think that I am pitching in to lure you to the software, let me make it clear: I am not!
Here are five good reasons why this particular software is not a scam:
1.Marc Weston, the founder and the developer of the software is a real person:
The developer of the software is a man of flesh and blood and not an imaginary character. Nor is he an actor who has taken up a fictitious name only to create the video for this software. A reverse search on Google has categorically confirmed that a person with that name and looks indeed exists.
2.The program only assigns reputed and licensed brokers to its traders:
Once the trader funds his account with the basic investment, the software assigns him a broker. Ethereum Code only assigns brokers who are licensed and regulated by various regulatory bodies such as CySEC and FCA.
3.It is state of the art advanced auto trading robot:
The software is made of sophisticated algorithms and that is what makes this one a highly desired one among the traders.
4.It has wonderful features:
The software has loads of features that helps it achieve solid results and that is what makes the trader come back to it again and again and not run away from it or from trading per se fearing that it will gobble up its hard earned cash.
5.It gives out consistent profits even if very little:
The software may be able to generate very little profit but it is known for helping its traders achieve unprecedented amount of independence financially and prosperity that is not just outward but also inward.
Try this one now. I assure you that you will never regret it!
It’s long been a given, that the next installment in my series on personal heroes would have to be an astronaut. The only reason I chose to put Babbage in pole position was to avoid the blindingly obvious.As I sipped on my cup of Eco Slim, I was wondering who it should be….
The dilemma was always which one. Well the events of recent days, and the general Internet hum at the passing of Neil Armstrong has rather forced my hand in the matter. As well as being easily the most famous member of the astronaut corps – certainly to the man in the street – Armstrong was also, superficially at least, one of the least interesting. Quiet and reclusive, had Neil survived his heart surgery of a few days ago, I might easily have chosen one of the lesser known members of that elite but rapidly shrinking group of Apollo moon voyagers. Again to avoid the obvious.
The unfortunate event of this great astronaut passing away has been the fortunate reason why he is being featured here and written about, for all my readers to read. He is one of the greatest men, no doubt, but I have my own list of choice, to choose from. Someone who did venture into the unknown space, yet mark their presence in people’s minds, that didn’t involve a flag?
Perhaps the wise-cracking and fun-loving Pete Conrad, who laughed and joked his way to the moon and back on Apollo 12. Or maybe the gruff and stoic Frank Borman, a largely unsung hero who commanded the audacious and hugely dangerous first circumlunar voyage, in an unproven Apollo spacecraft, riding the lightning atop the then un-flown 2.5 million kg flying bomb which was the Saturn V launch vehicle.
Most likely I would have gone with Gus Grissom. One of the original Mercury Seven, Grissom was a veteran of Mercury/Liberty Bell 7 and commanded the Gemini III flight. As NASA’s most experienced astronaut with a reputation for a cool head in a crisis, Grissom was the natural choice to command the very first Apollo mission, and had he not perished in the horrific launch pad fire that also claimed crew mates Ed White and Roger Chaffee in January of 1967, he would almost certainly have gone on to be the first man on the moon.
Neil Armstrong. The Unlikely Hero.
1930 – 2012
But here we are in the southern spring of 2012, over forty years after that hot July night where I sat on the shag-pile rug in front of a black & white TV and watched history unfold. Of the twelve men who walked on the face of the moon in those few short years between 1969 and 1972, and with Armstrong’s passing, I think only five are still alive. It’s a sombre thought that after just a few more summers, there will be no-one left alive who will be able to describe for us what it was like to make that journey and walk that walk.
It seems to be one of the great ironies of life that those who find themselves thrust into the spotlight, the blinding glare of public scrutiny and adoration, are often those least well equipped to handle that attention. Neil Armstrong was certainly such a man. To describe his as quiet and self contained would be an understatement. Unlike many of the other early astronaut candidates, he wasn’t a fighter-jock. He didn’t buy into the rock star lifestyle. He didn’t race a Corvette along the dusty roads of Florida’s East Coast. He didn’t frequent the hotels and cocktail bars of Coccoa Beach a short drive from the The Cape, where wide-eyed young women were queing up to catch themselves a spaceman.
More likely than not, you would find Neil back in his spartan quarters, studying an engineering textbook and planning an early night. In a more media savvy age, NASA would have realised that the first man they chose to send to the moon, would overnight become the most famous human on the planet. They would no doubt chose someone with the appropriate skills and attributes, and carefully groom and prepare him for the circus which was coming to town.
But this was the sixties. I don’t think it ever even crossed their mind. All eyes were on the goal, and although attractively cloaked in the warm, fuzzy “We came in peace for all mankind” NASA disguise, this was still, to all intents and purposes a military operation. There was an enemy to be beaten, and as Gagarin’s recent fall from grace (and eventual suspicious death) had demonstrated before, individuals were expendable. I’m not suggesting for a moment that Armstrong, was deliberately thrown to the wolves, but it’s well known that he, Aldrin, and several others of the group struggled to adjust to their new found celebrity status, and a return to life on planet earth. And nobody, least of all NASA seemed much interested in helping or supporting them.
So why did they pick Armstrong? Well quite simply, he was the safest pair of hands they had at their disposal. Crews were assigned to missions many months in advance, so there was always going to be an element of uncertainty – the Apollo program was a carefully planned sequence of cause and effect, each mission objective had to be completed successfully before the next step could be taken. Although Apollo 11 was ear-marked to be the first landing attempt, if any of the proceeding missions had been unsuccessful, then that task would have fallen to a later flight.
There is, I think a common perception, because of Armstrong’s rather serious, aloof nature and studious engineering background, that he was somehow less of an action-man than some of his more gung-ho compadres. Nothing could be further from the truth. A born aviator, who earned his pilot’s licence at 15, Armstrong was all about action. About getting the task done. As a young navy pilot flying combat missions over Korea, or later as an elite test pilot flying top-secret x-planes at Edwards Air Force Base in the Mojave Desert he approached dangerous, high-risk situations with a cold, analytical methodology which brought him safely out of close calls where pure adrenalin and testosterone probably wouldn’t have. Even before being selected as an astronaut, Armstrong flew to the very edge of space on several occasions as test pilot of the experimental X-15 space plane.
Edwards, and NASA folklore record several instances of Armstrong’s “ice-man” attitude to danger, most notably where he saved the day – as well as his and fellow astronaut Dave Scot’s skins – by manually wrestling their Gemini spacecraft out of a deadly, out of control end-over-end spin only seconds before they would have otherwise have blacked out.
On another occasion, flying the notoriously hairy and unpredictable “flying-bedstead”, a jet powered contraption designed to mimic the difficult flying characteristics of the Lunar Module, Armstrong lost control of the vehicle.
With admirable calmness, he steered the plummeting machine to a safe trajectory, then ejected only feet from the ground before the aircraft crashed in a mighty fireball. Armstrong landed a few hundred feat away, carefully gathered up his parachute, and cross but unhurt, walked back to his office to write up an accident report.
There was a phrase doing the rounds amongst the clean-cut, cigarette smoking, ex-military types who populated Cape Canaveral in those days. “You sir, are a steely-eyed Missile Man.” It was the ultimate compliment you could be paid. There were few more steely-eyed than the shy but fearless Neil Armstrong.
So, while not exactly Mr. Charisma, Armstrong was in every other respect, the perfect choice to command the first landing mission. And I truly wonder if anyone else could have pulled it off. Because Apollo 11 is revered as such a historic and successful flight, most people who weren’t directly involved, have either forgotten, or never realised just how close to disaster Armstrong and Aldrin really came. It could have so easily ended very differently.
The final decent to the surface was designed to be largely automated, with Landing Radar steering the LM to a pre-selected landing site that had been determined to be safe. When the craft pitched forward towards the later part of the descent and the crew got their first clear view of the ground, it became apparent to Armstrong and Aldrtin that the rocky landscape rushing a few hundred feet beneath them did not correspond with their charts or simulation training. They were overshooting their planned landing area and heading into a heavily cratered and boulder-strewn wilderness. Armstrong assumed manual control of the craft’s attitude and began searching for a clear area large enough to put down safely. On several occasions the cabin, and Earth-Moon comm’s loops were filled with blaring electronic alarms, as the onboard computer became overloaded, and to add to the pressure, they were rapidly running out of fuel.
“Twenty Seconds” called up Mission Control. That was twenty seconds of gas left in the tanks, including the twenty seconds they needed for a safe abort. Time was up. After that Houston just shut up. It was totally out of their hands. It was all up to Armstrong now.
On the tape recording there is a deafeningly long silence as Armstrong picked his way amongst the craters and car sized rocks. It seems to go on forever. Finally Aldrin reports “kicking up a little dust…” then “contact-light!”
There is another long silence…
Then Armstrong’s voice comes over the crackling com. “Er… Tranquility Base here. The Eagle has landed.” His voice is bloodless and dead-calm. Not a hint of emotion or breathlessness.
Or is there.
I’ve listened to those words so many time over the years, and again now. And I think if you listen carefully there is something about the way he says “The Eagle has landed”, something about the subtle modulation and inflection in his delivery, that is more than just a missing pilot reporting in. An engineer laying out the facts.
Is that pride? An iota of excitement even. I’d like to think so.
I’m sitting here eying up a large paper parcel. My latest haul of drugs from the Island pharmacy. When I picked them up this morning the girl behind the counter quipped that I’ve just about cleaned them out. It certainly looks that way. I’m pretty sure I hold more inventory than they do right now.
For the first time, my personal pharmacy stash features “pain relief” of a more exotic nature than just plain old Paracetamol. Codeine. Morphine. Just the words send a chill through my bones, but I am beginning to feel the need for them.
This is no longer an invisible disease, as it was for the forst few months. The tells are starting to reveal themselves. People still greet me with rave reviews of how well I’m looking, which I accept gracefully, if with a tad of carefully concealed irritation. My cancer is starting to reveal itself in various ways, some subtle, others more obvious. Some the direct consequence of the disease itself, others the legacy of the various treatments I have undertaken.
What started out as totally invisible was then “discovered” in my body and I did my best to keep it a secret, simply because, I wanted to avoid all those questions and pity glances. However, as time passed by, the disease decided to show itself to the world and declare its claim on me and my life. It was like how your sweaty feet, sometimes wins the odor was despite using layers of Fresh Fingers.
I have numbness in my feet and toes, a permanent side-effect of the chemotherapy, as is the intermittent tinitus in both ears. My voice is croaky and unreliable as a result of an enlarged cancerous lymph node on my upper chest paralysing the nerve which controls one of my vocal chords. (There’s a good story attached to how they managed to give me most of my voice back – I was almost totally mute for some weeks – but that will have to wait for another day.) I also have a persistent and unrelenting cough, probably related to the vocal chord business, but exacerbated by the recent course of radiation therapy.
More recently, I have developed deep, nagging pains in my back, chest, and belly. A minor irritation at first, they are now constantly present reminder of my slowly deteriorating condition, and keep me awake at night. It’s getting to the point where Paracetamol just isn’t cutting it any more. I went to the doctor this morning to get something a bit more shall we say, industrial.
I should mention, that I went for a long scheduled CT scan yesterday afternoon – the first since finishing chemo several months ago – mainly to monitor the tumour, and to see what positive effect the radiation therapy has had on the errant lymph nodes in my chest. We have a meeting set with The Prof. next week to get the results. The wait for scan results is for us, the most stressful part of the whole exercise, and we have been hunkering down for a long anxious wait until next Wednesday’s showdown.
So I was totally unprepared when I skipped into the island surgery this morning to pick up a few scripts and have a routine kick-of-the-tyres “take two of these and call me in the morning” session with Doctor Dave, when he brandishes a sheaf of papers in his bony, freckled fist and announces, ‘I have your scan report. Have you seen it yet?’
‘You can’t,’ I said, shocked. ‘I only had the scan at four o’clock yesterday. That must be an old one, these things usually take a few days to processes.’
‘Not in the private sector they don’t. That’s what you’re paying for. This just came through. Do you want the news now, or do you want to wait?”
“Wait.” a little voice said in my head. The coward’s voice.
“Um. Yeah. I guess…” I heard myself saying quietly, without conviction.
“Well, there’s chapter and verse here,” he says, leafing through the document, but I’ll just give you the Summery.” He pulls his chair alongside mine and leans into me as if reading a bedtime story.
“Since the last CT scan, there are new and enlarged supraclavicular and mediastinal and nodal metastases, new uper abdominal and retroperitneal nodal metastases, and new liver and pulminary metastases.”
I feel the hot burn of adrenalin wash through me. “Shit, that doesn’t sound good.” I finally announced, with what in retrospect was admirable understatement.
“No it doesn’t” says Doctor Dave.
“So it’s in my liver and my lungs?” I ask redundantly and helplessly.
“Looks that way.”
Dr. Dave does what all doctors do in these awkward, uncomfortable situations. He snaps into a flurry of pointless but smehow essential activity – making notes, dashing off prescriptions, listening to random parts of my body with his stethoscope, basically anything to fill the uncomfortable void where the dead guy is sitting.
I stumble out into the winter sunshine and go home to break the news to Jo.