Plabs Blog60576

Friday, May 16, 2008

Trading Is A Competition

Let's face it, trading is a competition. When one person buys, another person must sell. There is no, "win win" situation in trading. When you win, someone else must lose. This is what is meant by the term, "Zero-Sum." It is very plain and simple.

I don't know about you, but I am a very competitive person. Competition is hard wired into my genes. Competing is living to me.

If you are not competing against other people, you should be competition against yourself to make yourself a better trader.

I work at perfecting my trading skills everyday. I will do whatever it takes to make sure my trading skills give me a profit at the end of every day, week, month and year. Yes, I do have losses, as all traders do, but the point is, you must strive for perfection.

I will out work, out learn, and out perform anyone in front of me. It is my shear determination to become a better trader and win that keeps me going.

Being the best trader is my passion! It comes before anything else in my life, yes even my family.

It is not a hobby or dream. It is a my living addiction.

I find God in my charts. I pray to him before I attempt any trade. I ask him to give me good judgment and make my profits large and my losses small.

Trading is no different than anything else that you want in life. Everything in life has a price to pay. The question that you must ask is, "Are you willing to pay it?"

So before you start to trade, you must ask yourself, "Can I compete with someone like Michael?"

If the answer is, "No" save you money and buy Index Mutual Funds with low or no loads.

If the answer is, "Yes" get the best training you can find and trade.

"What we have to learn to do, we learn by doing." -Aristotle

Michael MeAngelo writes a BLOG on Online Trading at http://www.onlinetradingday.com

10 Trade Show Thanks for the New Year

To start out the New Year, we gave thanks for the people we love, the things we enjoy and made the obligatory resolutions for the New Year.

Now, lets get practical and give thanks to the people who make our industry function, make us look good and help us make money.

1. We thank the Show Sponsor who has the marketing vision and takes the financial risk to put on the event. Without both the will and the way, there would be fewer successful shows.

2. We thank the Show Organizer who, with the Sponsors vision and financial support, puts all the pieces together, draws the contracts, supervises the nitty-gritty and gets us all through the door for the show and out again.

3. We thank the Exhibitors who invest time, money and manpower to present their products to the world in this unique environment. Its how we find out whos who, whats what and become attuned to whats going to happen in our industry.

4. We thank the Attendees who also invest time, money and manpower to attend the trade show and who look, listen and learn about our firms. With the golden hope that Attendees beget Leads beget Clients, we give them much thanks.

5. We thank our Exhibit Managers who make it all go so smoothly. These detail wranglers handle minutia with a smile and professionalism unfathomable by most marketing types.

6. We thank the Exhibit Designers who take our many ..but I think... and I wanna... and turn them into dynamic, attention-grabbing and profitable conveyors of the right image at the right time.

7. We thank the Unions - yes, we do - for their dedication to their crafts, their ability to take boxes and cases and crates, and make them the magic we need for the show - and then pack it all up again.

8. We thank the Freight Folks, from the local courier to the big guys in trucks, trains and planes. We appreciate their understanding of time critical and fragile, and we especially thank them for customer service courtesy and online tracking. Bah Humbug to those who havent gotten the message yet.

9. We thank the Creatives, those promotion folks who run the gambit from defining the marketing experience for each show, selecting goodies to hand out, and pulling it all together so were successful on both sides of the aisle.

10. And, last but not least, we thank the Exhibit Staff. Theres no job description that says stand in the booth and hand out brochures, so staff is drawn from many disciplines throughout the company. Trade shows are hard work. They make you physically tired because of travel, long hours and a compact agenda. They drain you emotionally because you get more rejections than acceptances. And, they compound the amount of work you have to do because theres still your real job back at the office which youre still at the show.

Make this your New Years Resolution - a salute and a Thank You to all who make your trade shows successful.

ABOUT THE AUTHOR

Julia O'Connor - Speaker, Author, Consultant - writes about practical aspects of trade shows. As president of Trade Show Training, inc, now celebrating its 10th year, she works with companies in a variety of industries to improve their bottom line and marketing opportunities at trade shows.

Julia is an expert in the psychology of the trade show environment and uses this expertise in sales training and management seminars. Contact her at 804-355-7800 or check the site => http://www.TradeShowTraining.com