Get A Free Domain Name for One Year No Obligations
Produced By:
ocollier on 29 Feb 2008
Category: Creating Wealth
Description: http://www.otiscollier.com/freedomain
In (more...) an earlier video, I shared with you how to get free hosting ( http://www.otiscollier.com/freehosting ). Now in this video, I am going to show you how to get a free domain for one year without any obligation. (less)
Views: 82
Comments: 0
Duration: 05:59
Changing Your Credit Score
Produced By:
moneytalks on 19 Mar 2008
Category: Credit & Debt
Description: If you borrow money, you probably know (more...) that your credit score is important. The company behind credit scoring, Fair Issac, recently announced changes in the way they'll soon be doing it. (less)
Views: 78
Comments: 0
Duration: 01:26
Stock Market For Beginners Calculator
Produced By:
antonb on 12 Nov 2008
Category: Investing
Description: http://basicsofinvesting.info/stock-market-investing/stock-market-for-beginners.html (more...) - Instruction of how to use the stock market for beginners calculator to help with stock investing or investing in general. (less)
37. Trading Psychology: Think as a Group, Lose Your Money
Produced By:
InformedTrades on 07 Jan 2008
Category: Creating Wealth
Description: http://www.informedtrades.com/5712-video-review-dr-alexander-elders-book-trading-living.html
A (more...) lesson on crowd psychology and how it relates to trading the stock, futures, and forex markets.
The best summary that I have seen on this subject, as well as a great book on trading in general is Dr. Alexander Elder's book Trading for a living. As the Trader and Psychologist points out in his book, people think differently when acting as part of a crowd than they do when acting alone. Dr Elder points out that 'People change when they join crowds. They become more credulous, impulsive, anxiously search for a leader, and react to emotions instead of using their intellect.'
In his book Dr. Elder gives several examples of academic studies which have been done which show that people have trouble doing simple tasks such as choosing which line is longer than the other when put in a situation with other people who were instructed to give the wrong answer.
Perhaps no where is the strange effect is the psychology of crowds seen than in the financial markets. One of the more recent examples as I have spoken about in my other lessons of the effect that the psychology of crowds can have on the markets is the run-up of the NASDAQ into 2000. As you will find by pulling out the history books however, this is not an isolated incident as financial history is littered with similar price bubbles created and then destroyed in the same way as the NASDAQ bubble was.
So why does history continue to repeat itself? As Dr. Elder points out in his book, from a primitive standpoint chances of survival are often much higher as part of a group than they are alone. Similarly war's are often one by militaries with the strongest leaders. It is thus only natural to think that human's desire to survive would breed a desire to be part of a group with a strong leader into the human psyche.
So how does this relate to trading? Well as we learned in our lessons on Dow Theory, the price is representative of the crowd and the trend is representative of the leader of that crowd. With this in mind think about how difficult it would have been to short the NASDAQ at the high's in 2000, just at the height of the frenzy when everyone else was buying. In hindsight you would have ended up with a very profitable trade but, had the trade not worked out, people would have asked how could you have been so dumb to sell when everyone else knew the market was going up?
Now think about all the people who held on to their positions and lost tons of money after the bubble burst in 2000. As they had lots of company there were probably not a whole lot of people who were laughing at them. Yes they were wrong but how could they have known when so many others were wrong too?
By looking at this same example, you can also see how panic selling often ensues after sharp trends in the market as this is representative to a crowd whose leader has abandoned them.
In order to trade successfully people need a trading plan which is designed before entering a trade and becoming part of the crowd so they can fall back on their plan when the emotions which are associated with being part of a crowd inevitably arise. Successful traders must also realize that there is a time to run with the crowd and a time to leave the crowd, a decision which must be made by a well thought out trading plan designed before entering a trade.
That completes our lesson for today and our lessons on the psychology of money management. In tomorrow's lesson we are going to begin looking at different strategies which can be used to manage a trade once you have entered, which many traders also use to help remove some of the negative emotional effects of trading as part of a crowd.
As always if you have any questions or comments please leave them in the comments section below so we can all learn to trade together, and good luck with your trading! (less)
Views: 75
Comments: 0
Duration: 07:00
Installing Wordpress Plugins | Tutorial #10
Produced By:
ocollier on 19 Mar 2008
Category: Creating Wealth
Description: http://www.otisteaches.com/tutorials/installing-wordpress-plugins-tutorial-10/
Now (more...) that you've got your WordPress blog looking good, isn't it time to go up under the hood and tweak it a little bit so we can get more power out of it?
Introducing WordPress plugins. These are little script add ons that take your WordPress blog to the next level. Everything from e-commerce plugins to photo gallery plugins exists. If there's something you wish you could do with your WordPress blog, there's probably a plugin that does it.
Otis Collier
Personal Success Coach (less)
49. Trading The Martingale and Anti Martingale Strategies
Produced By:
InformedTrades on 24 Jan 2008
Category: Credit & Debt
Description: http://www.informedtrades.com
A lesson (more...) on the two different categories that position sizing strategies fall into when used in the forex, futures, and stock market.
ur last lesson we looked at how most traders pick a standard amount to trade per certain amount of equity in their account and how this probably isn't the best way to maximize profits and minimize losses of a potential strategy. In today's lesson we are going to look at the two categories that most position sizing strategies fall into which are known as martingale strategies and anti martingale strategies.
A position sizing strategy which incorporates the martingale technique is basically any strategy which increases the trade size as a trade moves against the trader or after a losing trade. On the flip side a position sizing strategy which incorporates the anti martingale technique is basically any strategy which increases the trade size as the trade moves in the traders favor or after a winning trade.
The most basic martingale strategy is one in which the trader trades a set position size at the beginning of his trading strategy and then double's the size of his trades after each unprofitable trade, returning back to the original position size only after a profitable trade. Using this strategy no matter how large the string of losing trades a trader faces, on the next winning trade they will make up all their losses plus a profit equal to the profit on their original trade size.
As an example lets say that a trader is using a strategy on the full size EUR/USD Forex contract that takes profits and losses both at the 200 point level (I like using the EUR/USD Forex contract because it has a fixed point value of $1 per contract for mini forex contracts and $10 per contract for full sized contracts but the example is the same for any instrument)
The trader starts with $100,000 in his account and decides that his starting position size will be 3 contracts (300,000) and that he will use the basic martingale strategy to place his trades. Using the below 10 trades here is how it would work:
example
As you can see from the above example although the trader was down significantly going into the 10th trade, as the 10th trade was profitable he made up all the his losses plus a brought the account profitable by the equity high of the account plus original profit target of $6000.
At first glance the above method can seem very sound and people often point to their perception that the chances of having a winning trade increase after a string of loosing trades. Mathematically however the large majority of strategies work like flipping a coin, in that the chances of having a profitable trade on the next trade is completely independent of how many profitable or unprofitable trades one has leading up to that trade. As when flipping a coin no matter how many times you flip heads the chances of flipping tails on the next flip of the coin are still 50/50.
The second problem with this method is that it requires an unlimited amount of money to ensure success. Looking at our trade example again but replacing the last trade with another loosing trade instead of a winner, you can see that the trader is now in a position where, at the normal $1000 per contract margin level required, he does not have enough money in his account to put up the necessary margin which is required to initiate the next 48 contract position.
Example
So while the pure martingale strategy and variations of it can produce successful results for extended periods of time, as I hope the above shows, odds are that it will eventually end up in blowing ones account completely.
With this in mind the large majority of successful traders that I have seen follow anti martingale strategies which increase size when trades are profitable, never when unprofitable, and these are the methods which I will be covering starting in tomorrow's lesson. (less)
Views: 73
Comments: 0
Duration: 07:02
55. The Business Cycle and Fiscal Policy - What Traders Know
Produced By:
InformedTrades on 12 Feb 2008
Category: Credit & Debt
Description: http://www.informedtrades.com/
A lesson (more...) on the business cycle and how the government uses fiscal policy to try and keep growth going and inflation in check and what this means for traders of the stock, futures, and forex markets.
Fiscal policy can be defined for our purposes very simply as anything relating to government spending and taxation. Before looking at the fiscal policy role of government in trying to influence the economy, one must first have an understanding of the business cycle. For a number of reasons which are widely debated the economy goes through repeated periods of growth and contraction over time which can be broken down into the following phases.
1. A Contraction where economic activity and growth slows and can turn negative
2. Trough where the economy stops contracting and a new expansion begins
3. An Expansion or the speeding up of economic growth.
4. A Peak where the growth of the economy maxes out and begins to turn downward
We could spend many months going over and debating why this is but for our purposes it is simply important to understand that, while the timing and length of each of these phases has varied widely, the above pattern repeats itself over and over again throughout history. This is important for us as traders to understand as different phases of the business cycle and changes in peoples forecasts of where the economy is in those cycles is arguably the greatest factor which effects the price level of every market.
Prior to the great depression the US Government had a pretty hands off approach in regards to the business cycle. Since the great depression however the government has played a much more active role in the economy with its stated goals being to act to facilitate full employment and price stability. To help understand these goals and the balancing act that goes on between them as they often conflict, lets look at how each relates to the different phases of the business cycle.
1. During an expansion we start to see more people employed as companies begin to sell more goods and services and need to hire more people to keep up with the demand. As economic growth picks up and more people are employed there are more people spending their paychecks which can cause prices to rise, something also known as inflation. Because of this effect on prices the government's primary concern here will normally be trying to keep prices stable and inflation in check without hurting economic growth. The two things they can do in regards to Fiscal Policy to try and keep prices in check and inflation at bay are:
a. Raise Taxes: By raising taxes money is taken away from the consumer who now has less money to spend helping to counteract the demand that is pushing prices up and causing inflation.
and/or (less)
Views: 71
Comments: 0
Duration: 08:37
How to Wholesale and Flip Houses without Cash or Credit?
Produced By:
TheFlipMan on 27 Sep 2009
Category: Real Estate
Description: The Flip Man tells all from A to Z How (more...) to Wholesale and Flip Houses without Cash or Credit? Wholesaling Houses maybe the easiest way to start making money via real estate investing with NO MONEY DOWN. When you start to wholesale houses you will find that you can make money and learn the business at the same time.
http://The-Flip-Man.com (less)
SHOCKING TRUTH!!! Anyone can make money online.
Produced By:
ocollier on 07 Apr 2008
Category: Creating Wealth
Description: http://www.otiscollier.com/silentmoney
You (more...) want to know the truth? Anyone can make money online if they simply apply a little bit of effort. How much effort? How about taking three minutes to complete a form and earn $25.
Take another 10 minutes to make a silent video and earn another $500 for referring people.
Making money online has never been easier than this.
Typically, what you put into it is what you get out of it. To make money online, you have to apply yourself. Find your niche, and run with it.
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'YouTube Video Marketing' Tips #1 - Customizing Your Channel
Produced By:
ocollier on 30 Apr 2008
Category: Creating Wealth
Description: http://www.otiscollier.com/theplan
Hello (more...) downline members. This is Otis Collier and today I want to show you some tips about setting up your YouTube channel.
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Ways to Make Money OnlineMake Money Free OnlineMaking Money OnlineEarn Money OnlineTeens (Youtube)Make Money OnlineOpportunities to Make Money OnlineFree Online WorkFree Websites Make(Youtube) MoneyWin Money OnlineSend Money Online making money online make mlm network marketing affiliate ebay google adwords blogs(Youtube) adsense making money online make mlm network marketing affiliate ebay google adwords(Youtube) blogs adsense making money online make mlm network marketing affiliate ebay google adwords (Youtube) blogs adsense making money online make mlm network marketing affiliate ebay (Youtube) google adwords blogs adsense making money online make mlm network marketing (Youtube) affiliate ebay google adwords blogs adsense (Youtube) making money online make mlm network marketing affiliate ebay google adwords blogs (Youtube) adsense making money online make mlm network marketing affiliate ebay google adwords (Youtube) blogs adsense making money online make mlm network marketing affiliate ebay google adwords blogs (Youtube) adsense making money online (Youtube) make mlm network marketing affiliate ebay google adwords blogs adsense making money online (Youtube) make mlm network marketing affiliate ebay google adwords blogs adsense (Youtube) making money online make mlm network marketing affiliate ebay google adwords blogs (Youtube) adsense making money online make mlm network marketing affiliate ebay google adwords blogs(Youtube) adsense making money online make mlm network marketing affiliate ebay google adwords blogs adsense(Youtube) (less)
Views: 67
Comments: 0
Duration: 06:25
WordPress Permalinks | Tutorial #11
Produced By:
ocollier on 19 Mar 2008
Category: Creating Wealth
Description: http://www.otisteaches.com/tutorials/wordpress-permalinks-tutorial-11/
Before (more...) you conduct your first post, I recommend customizing your WordPress permalink structure. Permalinks are basically the layout of how a URL of a WordPress post appears. WordPress' default permalink structure includes a bunch of random numbers in your url. This won't do jack squat for your search engine optimization.
Instead, you should look into customizing your permalink structure with the category field and post name.More...
Are you confused by what I just said? Watch the video and you will get it. (less)
Views: 67
Comments: 0
Duration: 08:55
35. Master the Psychology of Trading: The Effect of Losses
Produced By:
InformedTrades on 04 Jan 2008
Category: Creating Wealth
Description: http://www.informedtrades.com/
A (more...) lesson on how the ability and willingness to take losses when trading the forex, futures, or stock markets is one of the key factors that differentiates successful traders from unsuccessful ones.
Trading Success Means Comfort with Being Wrong
In our last lesson we introduced the concept that money management and the psychology of money management as the most overlooked but most important component of trading success. In today's lesson we will begin to look at one of the most important components of the psychology of money management: a willingness to be wrong.
Humans in general grow up being taught by their environment of the importance of always being right. Those who are right are envied as the winners in society and those who are wrong are cast aside as losers. A fear of being wrong and the need to always be right will hold you back in general, but will be deadly in your trading.
With this in mind lets say that you have been watching my videos and feel that I am an intelligent trader, so you want me to give you a method to trade. I say fine and give you a method and tell you that the method will trade 100 times a year with an average profit of 100 points for winning trades and an average loss of 20 points for loosing trades. You say great and take the system home to give it a try.
A few days later the first trade comes and quickly hits its profit target of 80 points. Great you say and call a bunch of your friends to tell them about the great system you've found. Then a few days later the next trade comes but quickly takes a loss. You hold tight however and then the next trade comes, and the next trade etc until the trade has hit 5 losers in a row and amounting to 100 points in loses on the losers so you are now down 20 points overall, and all your trader buddy's who started following the system after the first trade are now down 100 points.
Now you feel really dumb and are the joke among the group of guys that you trade with, so the next day you come back to me yelling about how bad the system I gave you is. I say ok and tell you I have another system for you. This one also trades 100 times a year but has a higher success rate that I think he will be happy with. You take this system home and the next day it quickly hits a winner followed by another then another and then another until over the next few days you have 5 winners in a row totaling 50 points in gains for your account. Getting very excited you call all of your trader friends and tell them that this time you have found it, you tell your wife how you haven't lost on a trade in two weeks and you rub your perfect trading statement in the face of all your trader buds as revenge.
So now ask yourself this question. If you were really the trader in this example which system would you rather have? I can tell you from experience that the large majority of traders will take the second system without a second thought, and on top of that will stick with it even if it hits a few losses that wipe out most or all of its gains.
Although the successful trader will want to know a lot more about both these systems which we are going to learn about in the lessons that come before deciding which one to trade I can tell you that what they will glean from the above information is the following: (less)
Views: 67
Comments: 0
Duration: 07:32
[Mandura] 9 Day Old MLM Company! Jump In Now, But Then What?
Produced By:
HomeBizExecutive on 04 Nov 2008
Category: Small Business
Description: http://www.TheHomeBusinessExecutive.com/?s1=Mandura (more...) Mandura is a 9 day old MLM company. The product is a highly potent beverage containing ingredients from the Durian fruit and the Mangosteen combined with Brazilian Acai berry and the North American Blueberry. BUT it will be next to impossible for a new distributor to create any kind of real income by passing out business cards and chasing your family and friends to home meetings. I don't care how passionate you are about your ... (less)
Views: 66
Comments: 0
Duration: 04:05
50. How to Set Trade Position Size for Maximum Profits
Produced By:
InformedTrades on 25 Jan 2008
Category: Credit & Debt
Description: http://www.informedtrades.com/
A leIn (more...) yesterday's lesson we talked about the martingale and anti martingale methods of trading which are the two categories which position sizing methodologies fall into. In today's lesson we are going to talk about one of the most basic anti martingale strategies, which is discussed in Dr. Van K. Tharp's book Trade Your Way to Financial Freedom, the Percent Risk Model.
The first step in determining your position size using this method is to decide how much you are going to risk on each trade in terms of a percentage of your trading capital. As we have discussed in our previous lessons on setting stop losses, studies have proven that over the long term traders who risk more than 2% of their capital on any one trade normally are not successful over the long term. Another factor to consider here when setting this percentage are things such as the win rate (how many winning trades) your system is expected to have versus the number of losing trades as well as other components which we will discuss in future lessons.
Once this loss in percentage terms has been determined, setting your stop then becomes a function of knowing how large a position can be traded while still being below your maximum risk level.
As an example lets say you have $100,000 in trading capital and you have determined from analyzing your strategy that 2% or $2000 (2%*$100,000) of your trading capital is an appropriate amount to risk per trade. When analyzing the Crude Oil Futures market you spot an opportunity to sell crude at $90 a barrel at which point you feel there is a good chance it will trade down to at least $88 a barrel. You have also spotted a strong resistance point at just below $91 a barrel and feel that 91 is a good level to place your stop and also gives you a reward to risk ratio of 2 to 1.
From trading crude oil you know that a 1 cent or 1 point move in the market equals $10 per contract. So analyzing further to determine your position size you would multiply $10 times the number of points your stop is away from your entry price (in this case 100) and you would come up with $1000 in risk per contract. Lastly you divide the total dollar amount you are willing to risk by your total risk per contract ($2000 total risk/$1000 risk per contract) to get the number of contracts which you can place on this trade (in this case 2 contracts)
As Dr. Van K. Tharp Points out in his book Trade Your Way to Financial Freedom, the advantages of this style of position sizing are that it allows both large and small accounts to grow steadily and that it equalizes the performance in the portfolio by the actual risk. As he also points out the disadvantages of this system are that it will require you to reject some trades because they are too risky (ie you will not have enough money in your account to trade the minimum contract size while staying under your maximum risk level) and that there is no way to know for sure what the actual amount you are risking will be because of slippage which can result in dramatic differences in performance when trading larger positions or using tight stops.
That completes our lesson for today. In tommorow's lesson we will look at another position sizing model which is known as the Percent Volatility Method.
sson on the % Risk Model of setting position sizes for active traders of the forex, futures, and stock markets. (less)
Mortgage Help: Talk is Cheap
Produced By:
moneytalks on 18 Apr 2008
Category: Credit & Debt
Description: With foreclosures and bankruptcies (more...) soaring nationwide, both government and private industry have been promising help to homeowners. But is that help materializing? (less)
Views: 64
Comments: 0
Duration: 01:39
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Produced By:
videormt on 12 Nov 2008
Category: Small Business
Description: http://www.RealMLMTraining.com Call Joe (more...) LoBalsamo 1-716-871-1211
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How to Embed a List of YouTube Videos on MySpace
Produced By:
ocollier on 19 Jan 2008
Category: Creating Wealth
Description: http://www.otiscollier.com
In this (more...) video, I learned a neat little trick to embed multiple YouTube videos on your MySpace friends comments section.
http://www.youtube.com/sharing
ow do I link to a list of YouTube videos?
Want to show off more than one of your own YouTube videos, or specifically tagged videos, on your website? Below are a few options!
Option 1: Displaying a window of your own YouTube videos
By placing a small snippet of HTML code in your webpage, you can pull up a list of all your YouTube videos in a neat, little window. As a result, a small box with your videos will be rendered. (less)