Most of us who are in business love to improve our business acumen. In general this involves reading or taking courses for which we often lack the time to do so. So we attend only the ones we have to, however audio books can solve this problem.With an audio book you can enjoy the same value of any business book when preparing to go to work in the morning, when commuting to and from work, or when doing your daily workout.Below are five of some of...more
After you`ve set your initial stop loss, chosen your method for calculating your trailing stop loss, and implemented all your money management rules, there is one last thing you should do; you should begin back testing your system.With out back testing you will be headed in the right direction, but you won`t know what to expect from your system. Back testing will also give you the confidence to keep going when you begin to experience the doubt...more
In Part 1 of Designing a Trading System in MetaStock, I had discussed the major components you needed to be able to track to create a mechanical entry system. These were measures of price, liquidity, trend, and volatility. The question now is, how do we code this into MetaStock?First, let me offer you the most valuable piece of knowledge I have acquired over the years about MetaStock formula writing. This one secret will turn you into a MetaStock master. Do you think I know all of MetaStock`s hundreds of pre-programmed formula and propriety indicators? Well, I`m good, but I`m not that good.When coding in MetaStock, the key to getting it "right" is to write what it is you are trying to achieve "down in English". Once you`ve done this, it is easy to convert it into a MetaStock formula.Let`s look at an example. Our first entry condition is a measure of price. As mentioned in Part 1, you want to set a price minimum to remove speculative stocks. Please note that the values you select will depend on the exchange you are trading. Some markets tend to be more expensive than others. For this example, we are looking to design a long-term trend following system to trade on the Australian...more
One day, while Chicken Little was walking in the woods, an acorn fell and hit him on his head."Goodness gracious me!" said Chicken Little, "The sky is falling, the sky is falling. I must go warn everyone."We see this all the time. The stock market goes straight up for eight or nine months, and if there are 2 or 3 down days in a row, there is...more
Humpty Dumpty sat on a wall;Humpty Dumpty had a great fall. All the King's horses And all the King's menCouldn't put Humpty together again!You know this tragic story.During the 45+ years that I have been a financial advisor, I have seen this over and over and over again.A new client comes into my office and asks me to review their old portfolio....more
Once upon a time, there was a young hare, a hotshot rabbit investor who would always brag to anyone that would listen and that he was the smartest, fastest, best performing investor in the world. He would constantly tease the old tortoise about his slow, solid investment style.Then, one day, the annoyed tortoise answered back: "There is no denying that you are very aggressive in your investment strategy. You take very high risks and get high returns. But even you can be beaten."The young hare squealed with laughter. "Beaten? By whom? Surely not by you. I bet there's nobody in the world that can win against me, because I'm so good. If you think that you can beat me, why don't you try?"Provoked by such bragging, the tortoise accepted the challenge. Each of them put an equal amount of money into a new account and the race was on. The hare yawned sleepily as the meek tortoise trudged slowly off.As might be expected, the tortoise invested in high quality blue chips, companies with household names.The hare, as anticipated, invested his money in dotcom stocks and options. You know the story. The aggressive hare jumped out to a big early lead. In a rising market, the highest...more
The 10 dumbest things investors say to advisors.1} When my investment gets back up to what I paid, get me out.This is surely a big mistake. That stock has absolutely no idea that you're waiting for it to go up so that you can sell.2}The stock is...more
Is your home really an asset? Ask this question in any social setting and you will probably be met with puzzled gazes, because it is obvious to anyone that knows anything about anything that your home is not only an asset but it is your most prized...more
Trust is an essential part in managing people and building a high-performance organisation. It's the foundation upon which all relationships are built. As in any relationship, trust is central to stable and productive workplace relations and...more
You are deep in a tunnel. It is so dark and no place to go. You are trying to escape but your brain fools you. So you got stuck. So what does it has to do with finding dream jobs? Do you know why did people start to look for their dream job? Well a...more
In today's climate of change any one can find them selves short on cash and as a result miss a few payments. This can result in a foreclosure process being initiated by the lender. If you ever find yourself in such a situation you should contact your...more
Identity theft is one of the most common crimes in the world today. Unfortunately, identity theft can be devastating to some victims, leaving many with very low credit scores. This can affect their ability to buy a home or a car in the future, along...more