45. Stop Your Mind From Causing You to Take Profits Too Soon
Produced By: InformedTrades on 17 Jan 2008
Category: Creating Wealth
Description: http://www.informedtrades.com/ A (more...) lesson on psychology of trading and how it relates to people's inability to let their profits run when trading the stock, futures, or forex markets. In yesterday's lesson we looked at how many traders use technical indicators as an additional factor they consider when deciding when to exit a trade. In today's lesson we are going to begin to move into the next phase of our series on money management, with a look at how traders go about taking profits once a position moves in their favo,r and some of the difficulties that are associated with this. Before getting into the details of what a trailing stop is and how many traders use them, it is first important to understand the psychology behind taking profits. Develop From the last several lessons you should not have a good understanding of some of the psychological difficulties people have in taking losses, and some of the different money management strategies that can be put into place to help overcome these difficulties that are the downfall of so many traders. What may come as a surprise to many of you is that just as many traders have problems letting their profits run as they do in cutting their losses. To help illustrate this I am going to give a quote from one of my favorite books on money management strategies Trade Your Way to Financial Freedom by Dr. Van K. Tharp. When explaining this concept in his book he gives the example below: When given a chance for '1. a sure $9000 gain or 2. a 95% chance of a $10,000 gain plus a 5% chance of no gain at all....which would you choose?' A study which was done on this showed that 80% of the population chose the sure thing even though the second opportunity represents a $500 larger gain on average. Similar to the way that human's are raised in a way that does not allow them to accept losses our environment also teaches us to seize opportunities quickly, or 'that a bird in the hand is worth two in the bush', a rule that goes against the second half of the most important rule of trading: 'Cut Your Losses and Let Your Profits Run' With this in mind we can now move into the next phase of our series of money management with a look at some of the different ways that traders go about managing their position once it begins to move in their favor starting with a look at trailing stops. Once a position has begun to move in a traders favor, many traders will implement a trailing stop which is basically a strategy for moving the stop they have implemented on their position up when they are long or down when they are short to lesson the loss or increase the amount of profit they will take should the market reverse and begin to move in the opposite direction of their position. As you may realize from watching my previous lessons we have already gone over one precise method which many traders use for setting trailing stops, the Parabolic SAR. In tomorrow's lesson we are going to go over several other methods, so we hope to see you in that lesson. As always if you have any questions or comments please feel free to leave them in the comments section below so we can all learn to trade together, and good luck with your trading! (less)

43.How to Reduce the Chances of Being Stopped Out on a Trade
Produced By: InformedTrades on 15 Jan 2008
Category: Creating Wealth
Description: http://www.informedtrades.com/ A (more...) lesson on how to incorporate multiple support or resistance levels into a trading strategy for the stock, futures, or forex market to reduce the chances of being stopped out on a trade. In our last lesson we looked at how many successful traders incorporate support and resistance into their trading strategies. In today's lesson we are going to expand on this concept by looking at how many traders look for multiple support or resistance levels when placing trades as well as how many chart patterns incorporate this concept already, providing traders with areas in which they can place their stops. As we learned about in our last lesson, when setting a stop many traders will find a level of support if they are buying to enter the trade or resistance when they are selling to enter the trade and place there stop outside of this level. When entering trades many successful traders will also look for trades which have few if any levels of support/resistance in the direction they are trading, but several levels of support/resistance in the direction in which they are placing their stop. Chart example: As we have also learned in previous lessons, one of the key reason's why traders favor or recognize certain chart patterns is because they often times signal what is next to come in the market. What is often overlooked however about almost all of the most popular chart patterns, but perhaps just as important, is their ability to point out potential places where you want to place your protective stop loss. As you can see from the below chart the head and shoulders pattern is a perfect example of this. By entering the trade on a break of the neckline and placing the stop just above the right shoulder of the pattern traders ensure that there are at minimum two resistance levels in between their entry price and their stop level if not more. Chart Example For patterns such as the triangle pattern which do not already incorporate this multiple support/resistance levels between your entry and your stop concept, it is often wise to find entry opportunities which provide these additional levels naturally in addition to the setup when looking at the chart pattern in isolation: That's our lesson for today. In tomorrow's lesson we are going to look at another way traders use to set their stops: Indicator based stops so we hope to see you in that lesson. 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 have a great day! (less)

Debit vs Credit
Produced By: moneytalks on 25 Nov 2007
Category: Credit & Debt
Description: 2006 was the fist year that saw debit (more...) card purchases topped the 1 trillion dollar mark. But when you head to the store, which kind of plastic is best...debit or credit? According to money reporter Stacy Johnson, it's a question of interest. (less)

Working From Home
Produced By: moneytalks on 11 Nov 2007
Category: Creating Wealth
Description: The idea of working at home certainly (more...) sounds appealing: save gas, work at your own speed and wear whatever you want. But are these jobs real, and how do you find one? Money reporter Stacy Johnson files this report...from his home office. (less)

Financial Literacy Program for Women
Produced By: KimmyB on 03 Dec 2008
Category: Personal Finance
Description: This video is an introductory video to (more...) the LiteracyRich Project. LiteracyRich is dedicated to empowering women through financial literacy. Visit http://www.prosperityblogger.wordpress.com today! (less)

How to Write a Grant Proposal that Works - Part 1
Produced By: Relativity on 20 May 2008
Category: Small Business
Description: For many organizations, grants can be an (more...) essential source of capital and funding. However, there are only a limited number of government agencies and foundations offering grant assistance so competition for funding can be fierce. So, it is essential that any grant proposal should contain all the necessary information and be presented in the right manner for it to be successful. In this two-part article I look at the elements that make a successful grant proposal. Most funders will provide their own application forms and instructions for any grants that they make available. So the first thing you should do is to request the proper forms. In some cases they may accept a generic application form but it won't increase your chances of success. Be sure to read all instructions before you begin preparing your application. If you have doubts about anything or any questions you should contact the funder for advice. (less)

Taxes: Software vs Accountants
Produced By: moneytalks on 20 Feb 2008
Category: Taxes
Description: While taxes may be as certain as death, (more...) how you file them is up in the air. You can do them yourself, go to an accountant, or use your computer. Today money reporter Stacy Johnson explores the cost and benefits of each... (less)

34. Why Most Traders Lose Money and The Solution
Produced By: InformedTrades on 03 Jan 2008
Category: Creating Wealth
Description: http://www.informedtrades.com/ A (more...) lesson on the importance of money management in trading and how most traders of the stock, futures, and forex markets ignore money management because they do not consider it important and therefore loose money trading. Why the Majority of Traders Fail In our last lesson we finished up our series on Candlestick Chart Patterns with a look at the Inverted Hammer and the Shooting Star Candlestick Chart Patterns. In today's lesson we are going to start a new series on money management, the most important concept in trading and the reason why most traders fail. Over the last several years working in financial services I have watched hundreds if not thousands of traders trade, and over and over again I see smart people who have been intelligent enough to accumulate large sums of money in their non trading careers open a trading account and loose huge sums of money making what you would think are easily avoidable mistakes that one would think even the dumbest traders would avoid. Those same traders are the ones that consider themselves too good or smart to make the same mistakes that so many others make, and that will skip over this section to get to what they feel is the 'real meat' of trading, strategies for picking entry points. What these traders and so many others fail to realize is that what separates the winners from the losers in trading is not how good someone is at picking their entry points, but how well they factor in what they are going to do after they are in a trade into their trade entries and how well they stick to their trade management plan once they are in the trade. For the few who do get that money management is far and away the most important aspect of trading, the large majority of these people don't understand the large role that psychology plays in money management or consider themselves above having to work on channeling their emotions correctly when trading. So in this series of lessons we are going to first start with a look at the psychology of money management and the role that this plays in causing so many traders to loose their shirts and then move on to ways of managing this before finishing up with specific strategies for managing trades once you are in them. While not the most exciting part of trading, I assure you that if you don't understand and work on the concepts presented in this section you are pretty much doomed to failure as a trader no matter how well you understand the other aspects of trading. Having said this I also assure you that if you do understand and work to expand your knowledge of the concepts presented in this series you will be well on your way to becoming a successful trader. (less)

Part Time Jobs In London To Earn Money
Produced By: texjohnson1 on 04 Aug 2009
Category: Other
Description: http://www.PartTimeJobsInLondon.net - (more...) Know more about the part time jobs in London and earn £100 per hour working from home. Visit the website and get help to make money from the comfort of your home simply by completing surveys for Market Research Companies.  (less)

Big Ticket To Wealth
Produced By: fong47 on 18 Sep 2008
Category: Creating Wealth
Description: This is an internet business (more...) opportunity. (less)

Elective Surgery Loans
Produced By: moneytalks on 11 Apr 2008
Category: Personal Finance
Description: You'd like to get some expensive (more...) elective surgery, but you don't really have the money... and there's no insurance. What do you do? (less)

Home Equity vs Line of Credit
Produced By: moneytalks on 07 Apr 2008
Category: Credit & Debt
Description: While the credit crunch has made (more...) borrowing for... or against... your home more difficult, home equity loans and lines of credit remain popular for those with equity. Stacy Johnson explains what these loans do and if you should consider them. (less)

75. How to Keep a Trading Journal - Forex, Futures, Stocks
Produced By: InformedTrades on 31 Mar 2008
Category: Creating Wealth
Description: http://www.informedtrades.com/ A lesson (more...) on the 10 basic components of a trading journal for active traders and investors in the stock, futures, and forex markets. (less)

The Good, Bad, and Ugly of my Clickbank Experiment
Produced By: ocollier on 07 Jan 2008
Category: Creating Wealth
Description: http://www.otiscollier.com Let's (more...) finalize this topic by discussing the good, bad, and ugly of my Clickbank experiment. Try to decipher what I did correct as well as what I could have improved upon. Study my YouTube channel at: http://www.youtube.com/workoutpro (less)

Estrategia de Marketing: Cartas de Venta en la Internet 2.0
Produced By: rcerrada on 13 Nov 2008
Category: Creating Wealth
Description: http://www.CirculoDeMarketing.com - Ha (more...) cambiado la forma de vender en la era de internet 2.0? Hay que modificar nuestras estrategias de venta? Que hay de los videos para vender?. Roberto R. Cerrada responde a estas preguntas. (less)

FREE CAMCORDER GIVE AWAY...
Produced By: ocollier on 23 Apr 2008
Category: Creating Wealth
Description: http://www.otiscollier.com/webinar Come (more...) find out how to win this awesome camcorder! Attend Thursday night's webinar. (less)

15. How to Trade Triangle Chart Patterns Like a Pro Part 1
Produced By: InformedTrades on 12 Dec 2007
Category: Creating Wealth
Description: http://www.informedtrades.com/ The (more...) first lesson in a two part series on how to identify and trade the ascending, descending, and symmetrical triangle chart patterns using technical analysis in the futures market, forex market and stock market for day traders and investors. (less)

Jeff paul review system for people who wants affiliate marketing programs.
Produced By: jeffpaulreview on 14 Apr 2009
Category: Creating Wealth
Description: Jeff paul review system is a new life (more...) for those people who wants to market other people’s affiliate programs, and their own too.According to Shortcut to Internet Millions; the reason is the higher profits and exactly this is the way you make your own choice and gain grand profit.  (less)

2.Technical Analysis Lesson 2: An Introduction to Dow Theory
Produced By: InformedTrades on 21 Nov 2007
Category: Personal Finance
Description: http://www.informedtrades.com/ An (more...) overview of the first three tenets of Dow Theory. The second in a series on technical analysis for active traders of the stock, futures and forex markets. (less)

7 steps to avoid procrastination
Produced By: alphonses45 on 13 Nov 2008
Category: Creating Wealth
Description: quick steps to avoid procrastination

Homes: Rent or Buy?
Produced By: moneytalks on 13 Feb 2008
Category: Investing
Description: Owning your own home: an idea so popular (more...) it's known as the American dream. But as prices fall and foreclosures rise, for many it's become a nightmare instead. How do you know whether renting or owning is the way to go? (less)

Finding Help With Your Money
Produced By: moneytalks on 11 Jan 2008
Category: Credit & Debt
Description: If your list of New Year's resolutions (more...) includes 'Paying Down Debt', or 'Saving More Money', then you're in the right place. Today money reporter Stacy Johnson begins his series on Fiscal Fitness '08 with some advice on finding help. (less)

How to Buy A Leased Car
Produced By: moneytalks on 12 Sep 2007
Category: Investing
Description: If you're one of the nearly 3 million (more...) Americans whose car lease is up this year, you've got a decision to make: should you buy that car now the lease is ending? (less)

Savings Bond Calculator
Produced By: antonb on 12 Nov 2008
Category: Savings & Retirement
Description: http://us-savings-bonds.info/savings-bond-calculator.html (more...) - Instruction video on how to use this simple savings bond calculator to compliment the one provided by the Treasury Department. Both saving bond calculators are great. (less)

Subprime US Banking Financial Crisis Explained Part 3
Produced By: InformedTrades on 05 Dec 2007
Category: Creating Wealth
Description: http://www.informedtrades.com/ The 3rd (more...) and final lesson in a series on the subprime mortgage US Banking financial crisis explained. (less)