Q&a: Why Trading Is Nothing Like Playing A Competitive Sport Markets...

Size: px
Start display at page:

Download "Q&a: Why Trading Is Nothing Like Playing A Competitive Sport Markets..."

Transcription

1 1 of 5 24/02/ :08 AM PRINT Q&A: Why Trading Is Nothing Like Playing a Competitive Sport CHARLES E. KIRK AUG 30, :00 AM A sports psychologist and in-demand Wall Street trading coach explains why finding the top of your game means NOT thinking like an athlete. As most of you have already discovered, the psychology component of trading and investing is often one of the most challenging parts for many to learn. From what I've seen, it requires a lot of experience combined with a keen sense of self in relation to your decision-making process to understand how best to utilize your strengths, skills, and knowledge to perform at your very best. In continuing our summer interview educational series, I interviewed Doug Hirschhorn, Ph.D., best known as "Dr. Doug", and the author 8 Ways To Great: Peak Performance On The Job And In Your Life. Those of you looking for a good book to take on vacation for some extra-credit reading, I highly recommend it. As you'll see by our interview, Dr. Doug's perspectives are helpful to many of us involved in the markets and who desire to achieve big things. Kirk: Tell us a little bit about yourself, what you do and how you first got interested in the markets. Doug: My first passion is baseball. I played college ball at Colgate University until my senior year when I herniated a disc in my lower back. When I graduated college, I got a job on the trading floor at the Chicago Mercantile Exchange in the Euro Options pit. I loved the environment because it reminded me of the competitiveness I used to enjoy through playing baseball. A few years later, I re-injured my back and then left the floor to trade online (late 1990's). After about six months, I decided I didn't want to sit and stare at a screen all day, so I changed directions and left the trading world. I was planning on going back to my first passion (baseball) and be a college baseball coach. I was scared but prepared to live by the motto of "do what you love and the money will follow." When I found out I had to get a masters degree to coach at the college level, I looked around and discovered this new field called sport psychology. I knew nothing about it, but I loved the way it sounded, combining sports and psychology. I did my masters degree at Southern Connecticut State University ( ) and had an internship with the University of Connecticut baseball team. As I was learning how to apply sport psychology principles to improve athlete's performance, a great idea hit me: I could use these same strategies to improve trader performance. After all, the fear, anxiety, confidence, risk-taking issues were almost identical. That was the foundation for my first book The Trading Athlete which I co-authored with Shane Murphy, a leading Sport Psychologist. After I completed my masters degree, I went to West Virginia University to do my doctorate in Sport Psychology. My plan was to

2 2 of 5 24/02/ :08 AM be a "trading psychology coach" when I graduated. The job didn't really exist so I was planning on creating it for myself. After my first year at WVU, I was offered a job at a large proprietary trading firm in NY to be their trading psychology coach. I left WVU and I moved back to NY. It was a risk and I was pretty scared. I remember talking with my wife about the decision and telling her that I didn't know if it would work out, but I did know that if I didn't give it a shot, that I would regret it for the rest of my life. So I compartmentalized my fear and followed my gut. That was After a few years with that firm, I accepted a position at a hedge fund (in a similar role). A year and a half later, the hedge fund went through some tough times and I was laid off along with half the firm. It was at that point that I formed Edge Consulting and began to coach traders full time. At the moment I am currently on retainer as the trading psychology coach for several major banks (i.e. Credit Suisse, Deutsche Bank) and have worked or currently work with traders at seven of the ten largest banks in the world. I am also on retainer with several multi-billion dollar macro and fixed income hedge funds. I am a sole practitioner and frequently appear in the media (CNBC, CNN, BLOOMBERG, FOX, TODAY). My coaching practice focuses on improving the performance of elite traders, large portfolio managers and principals of hedge funds. Kirk: What were some key lessons you learned early on that had the most positive influence on you? Dr. Doug Hirschhorn: Some of the key lessons I learned were: Making money is easy, keeping it is hard You can have a 1000 reasons to get in a trade, but you only need 1 reason to get out Focus on the process (quality of your trades), not the outcome (profits/losses) Know what your edge is (what your pitch looks like) and trade only when you have edge (swing only when your pitch appears). Kirk: Out of all the personality types that exist, do you think there is an ideal personality type for a trader? Dr. Doug Hirschhorn: I don't believe the ideal personality type for a trader exists. I believe anyone can be successful in trading while the level of success, of course, will vary. I think successful trading is about understanding your own personality and then developing a trading style or approach that matches your personality. For example, if you are an analytically minded person, then you should develop a longer-term, fundamental or technical approach. If you're an intuitive type person, then you will be successful with a shorter-term, price-action approach. Where I see traders get messed up is when they try to trade in a style that is in conflict with their personality or when the market is paying a specific style of trading and the trader loses patience and tries to change their natural trading approach. Kirk: One thing many people notice is that Wall Street firms tend to hire a lot of former athletes. So, in your research, do athletes make better traders? Dr. Doug Hirschhorn: No, they do not. My doctoral dissertation actually examined the assumption that traders with athletic backgrounds are more successful. My data showed that this was not true. In my applied practice over the past decade, I can tell you that I spend more time deconstructing the athlete mentality then layering it into someone. I would even go as far as saying that Trading is NOT like sports:

3 3 of 5 24/02/ :08 AM In sports, you are NOT supposed to think, "What if I mess up this shot?" In trading that is called risk management. In sports, when you miss a shot, you don't lose points. In trading, when you get a trade wrong, you lose money. In sports, the opponent adjusts to what YOU do. In trading, the market does not know or care about YOU. In sports, you focus on improving weaknesses. In trading, your strengths are your weaknesses and vice-versa. In sports, if you get poor results, you need to practice harder, put in more effort. In trading, effort is not positively correlated to improved performance. Kirk: That's a terrific observation. I must also ask you about another thing. If practicing harder does not mean you'll receive better results, then what does? Dr. Doug Hirschhorn: I hear a lot of traders say they work hard but fall short of reaching their potential. Why does this happen? The problem is they don't work hard on the right (mental) stuff, such as taking the time to know how you are hardwired; figuring out your "edge" (competitive advantage); learning the basics of how to take "smart risk" by thinking in terms of expected values and finally by holding yourself accountable. I remember years ago doing a workshop for a large group of college baseball coaches. I asked the group, "What % of baseball do you think is mental?" Their responses ranged between 50% to 95%. I then asked them, "How much time do you have your players work on their mental game?" Their responses were, "0%, 5% or at best 10%." So how does that make sense, you think more than 50% of the game is mental but you only spend 5% of your time on it. Guess what, I realized the same goes for trading. But for traders, I get responses like 90% or 95% is mental; yet they spend zero time working on their mental game. Kirk: Why do most traders fail? Dr. Doug Hirschhorn: Fear. First, fear of missing out on opportunities to make money. Second, fear of missing out on opportunities to limit losses. All trading problems stem from those two things. Kirk: If fear is the number one enemy, as you say, then what are some specific steps traders can take to manage and overcome that fear? Dr. Doug Hirschhorn: I have three recommendations: 1. Recognize when fear is present 2. Welcome it (normalize it) 3. Implement a behavior modification program (with real consequences) to prevent you from acting on it Kirk: How do traders frequently sabotage themselves in the markets? Dr. Doug Hirschhorn: They stray from their own game plans often because they get influenced by someone else's opinion. This is another reason why comparing yourself to others is destructive rather than beneficial. Kirk: What do you think are the greatest misconceptions beginning traders have about trading the markets and about trading systems? Dr. Doug Hirschhorn: That you have to be right more often than you are wrong in order to make money. Fact is 45% to 55% is the average winning percentage of most traders. Some of the greatest traders I have ever worked with have winning percentages lower than 45%. Profitable trading is not about being right or wrong, it's much

4 4 of 5 24/02/ :08 AM more about how much you make when you're right versus how much you lose when you're wrong. Kirk: Many new traders often report experiencing information overload. Do you have any recommendations on how to combat this challenge? Dr. Doug Hirschhorn: Yes, know what your edge is. Have a check list of things you look for. Keep the list simple. The rest of the stuff happening is just noise, so ignore it. Remember, your winning ratio is going to be around 45% to 55% anyway, so spend less time trying to be right and more time on sizing your positions properly and managing your risk. Kirk: In your view, how often should a trader spend time looking in the rear view mirror and evaluating their performance? Isn't there a fine line between too much and not enough? Do you have general rules of thumb to recommend? Dr. Doug Hirschhorn: I think the trader should review them for 15 to 20 minutes at the end of each trading day. Then when you go to bed, put it to rest. No need to go back to it in the future. The past is the past. You documented it. You learned from it. Then you should move on to the next day and focus on that. Kirk: No matter what the trader or the strategy, we all experience highs and lows in the markets. How does one learn how to maintain confidence when their short-term results do not meet their expectations? Dr. Doug Hirschhorn: By measuring their success based on the caliber of their process and trading decisions and not based on their profits/losses. For example, count the number of high quality trades you have each day. The goal should be to have over 90% of your trades be high quality entries and exits. If you're doing the right thingsm over time, you will get paid. You have to have faith in that and in your process. Traders do not control when they get paid, which is the frustrating part, especially if it is days, weeks or months. If you're unable or unwilling to pour yourself into your process and have faith that doing the right trades (when entering and exiting positions) will eventually lead to success, then do yourself and your money a favor and don't trade. Kirk: Excellent point! Many traders, including myself, struggle intensely on keeping a healthy work/life balance. Since most of us trade from home and understand that the efforts we put into trading often have a direct relationship with the profits we make, what suggestions would you recommend to me and others who struggle with this issue? Dr. Doug Hirschhorn: I must repeat: more effort does not equal better results. In fact, more often it leads to over-thinking and diminishing returns. As I explained in a prior question; in sports if you get poor results, you need to practice harder, put in more effort. In school if you do poorly on a test, you need to study harder. In trading, effort is not positively correlated to improved performance. As far as work/life balance, I'm not the right person to ask. I'm not a life coach, and I make that clear to my clients. They retain me to make them better traders, to get them to solidify their edge and to hold them accountable. They don't hire me to make them better people, better friends, or better spouses. I don't judge anyone. Balance is a very personalized factor and some view balance as working 16 hours a day doing what they love; others prefer to work less and play more. To each his/her own.

5 5 of 5 24/02/ :08 AM No positions in stocks mentioned. The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to s or other communications requesting investment advice. Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Santa Rally. Myth or Fact? ZaK MiR. why do you SpREadbEt? LESSonS FRoM HiStoRy. RESEaRCH in Motion update INTERVIEWS MR FTSE MARK AUSTIN

Santa Rally. Myth or Fact? ZaK MiR. why do you SpREadbEt? LESSonS FRoM HiStoRy. RESEaRCH in Motion update INTERVIEWS MR FTSE MARK AUSTIN S a xm n io it Ed the e-magazine created especially for active spreadbetters and CFd traders issue 11 - december 2012 Santa Rally Myth or Fact? ZaK MiR INTERVIEWS MR FTSE MARK AUSTIN why do you SpREadbEt?

More information

These Two Words Just Made Us 37% In 3 Months. "These Two Words. Just Made Us 37% In 3 Months"

These Two Words Just Made Us 37% In 3 Months. These Two Words. Just Made Us 37% In 3 Months These Two Words Just Made Us 37% In 3 Months "These Two Words Just Made Us 37% In 3 Months" Using these "two words" in your 401k, IRA or any other investment account can make you very wealthy... What are

More information

Option Profit Basic Video & Ecourse

Option Profit Basic Video & Ecourse Option Profit Basic Video & Ecourse The following is a brief outline of the training program I have created for you What Will You Learn? You will be taught how to profit when stocks go up and how to "really"

More information

The Ten Commandments of Forex Target Trading

The Ten Commandments of Forex Target Trading The Ten Commandments of Forex Target Trading www.forextargettrading.com The 1st Commandment: Thou Shalt Always Protect Thy Capital Without capital, you have nothing with which to trade. Trading any currency,

More information

QUESTION # 1 As a sales person, what do YOU sell FIRST on a sales call?

QUESTION # 1 As a sales person, what do YOU sell FIRST on a sales call? Page 1 of 13 Sales Aptitude Assessment Questions The following questions are to determine what type of sales person you are and where you fit in our sales organization. We want to make the right decision

More information

So You d Like a Sport Psychology Consultant to Work With Your Team? Three Key Lessons Learned from Olympic Teams

So You d Like a Sport Psychology Consultant to Work With Your Team? Three Key Lessons Learned from Olympic Teams So You d Like a Sport Psychology Consultant to Work With Your Team? Three Key Lessons Learned from Olympic Teams Sean McCann, Senior Sport Psychologist, United States Olympic Committee I first started

More information

>> My name is Danielle Anguiano and I am a tutor of the Writing Center which is just outside these doors within the Student Learning Center.

>> My name is Danielle Anguiano and I am a tutor of the Writing Center which is just outside these doors within the Student Learning Center. >> My name is Danielle Anguiano and I am a tutor of the Writing Center which is just outside these doors within the Student Learning Center. Have any of you been to the Writing Center before? A couple

More information

Equity Value, Enterprise Value & Valuation Multiples: Why You Add and Subtract Different Items When Calculating Enterprise Value

Equity Value, Enterprise Value & Valuation Multiples: Why You Add and Subtract Different Items When Calculating Enterprise Value Equity Value, Enterprise Value & Valuation Multiples: Why You Add and Subtract Different Items When Calculating Enterprise Value Hello and welcome to our next tutorial video here. In this lesson we're

More information

Strong Answers to Top 10 Interview Questions

Strong Answers to Top 10 Interview Questions Strong Answers to Top 10 Interview Questions: The sooner a candidate can work their way into a regular conversation versus a question and answer period, the more likely they are to land the job. The conversation

More information

Acme Consultants Inc.

Acme Consultants Inc. Sales Aptitude report for: Sally Sample Date taken: Thursday, December 20, 2012 11:42 PM For more information or help reading this report call: 555-234-5678 This report is a tool for the interview process

More information

Whether you re new to trading or an experienced investor, listed stock

Whether you re new to trading or an experienced investor, listed stock Chapter 1 Options Trading and Investing In This Chapter Developing an appreciation for options Using option analysis with any market approach Focusing on limiting risk Capitalizing on advanced techniques

More information

ForexIndicator.org. Presents. Written By Kelvin Lee

ForexIndicator.org. Presents. Written By Kelvin Lee ForexIndicator.org Presents Written By Kelvin Lee All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic,

More information

The 3 Biggest Mistakes Investors Make When It Comes To Selling Their Stocks

The 3 Biggest Mistakes Investors Make When It Comes To Selling Their Stocks 3 The 3 Biggest Mistakes Investors Make When It Comes To Selling Their Stocks and a simple three step solution to consistently outperform the market year after year after year. 2 Dear friend and fellow

More information

How to make more money in forex trading. 2003 W. R. Booker & Co. All rights reserved worldwide, forever and ever and ever.

How to make more money in forex trading. 2003 W. R. Booker & Co. All rights reserved worldwide, forever and ever and ever. The 10 Rules How to make more money in forex trading. 2003 W. R. Booker & Co. All rights reserved worldwide, forever and ever and ever. 2 10 Rules Page 2 Rule #1: Never lie to anyone. Never lie to yourself

More information

How to Get Big Companies to Call, Buy and Beg for Your Products and Services

How to Get Big Companies to Call, Buy and Beg for Your Products and Services SPECIAL REPORT How to Get Big Companies to Call, Buy and Beg for Your Products and Services By David Frey www.marketingbestpractices.com Copyright 2005 www.marketingbestpractices.com Page 1 How to Get

More information

The first time my triathlon coach saw me swim,

The first time my triathlon coach saw me swim, Reaching the Podium: Justin Thomas, CFP How You Can Achieve Your Financial Goals 1 The first time my triathlon coach saw me swim, he wasn t very optimistic. You look like an electrocuted frog, he said.

More information

Best in Class Customer Retention

Best in Class Customer Retention Take your business to the next level Best in Class Customer Retention A 5% Improvement Can Double Your Bottom Line Profits Free Sales and Marketing Audit Call 410-977-7355 Lead Scoring, Prioritization,

More information

CREATE TAX ADVANTAGED RETIREMENT INCOME YOU CAN T OUTLIVE. create tax advantaged retirement income you can t outlive

CREATE TAX ADVANTAGED RETIREMENT INCOME YOU CAN T OUTLIVE. create tax advantaged retirement income you can t outlive create tax advantaged retirement income you can t outlive 1 Table Of Contents Insurance Companies Don t Just Sell Insurance... 4 Life Insurance Investing... 5 Guarantees... 7 Tax Strategy How to Get Tax-Free

More information

LESSON 1 -- GETTING OUT OF DEBT

LESSON 1 -- GETTING OUT OF DEBT LESSON 1 -- GETTING OUT OF DEBT LESSON DESCRIPTION AND BACKGROUND This lesson uses the Better Money Habits video Steps to Help You Get Out of Debt (www.bettermoneyhabits.com) to explain the concept of

More information

What is a day trade?

What is a day trade? Greg Weitzman DISCLAIMERS THERE IS SUBSTANTIAL RISK INVOLVED IN TRADING AND IT IS NOT SUITABLE FOR ALL INVESTORS. A LOSS INCURRED IN CONNECTION WITH STOCK, FUTURES OR OPTIONS TRADING CAN BE SIGNIFICANT

More information

Interview Questions. version no.: 2.0 date: 13 March 2014

Interview Questions. version no.: 2.0 date: 13 March 2014 Interview Questions version no.: 2.0 date: 13 March 2014 Contents # Item 1 Introduction 2 Behavioural interviewing (STAR) 3 Questions used as a light touch and to open up discussion 4 You and the job:

More information

Jared Roberts (PelotonU)

Jared Roberts (PelotonU) p.1 Jared Roberts (PelotonU) Jared Roberts: Hello Dave. David Cutler: Hey, is this Jared? Jared: Yes, it is, how are you doing? David: I'm doing great, Jared. Thank you so much for speaking with me, I

More information

Lance Pitlick has built two careers from his passion for hockey

Lance Pitlick has built two careers from his passion for hockey cover story l by Liz Kohman // Photos by Silas Crews Lance Pitlick has built two careers from his passion for hockey H ockey coach Lance Pitlick was trying to teach his team to improve their stick handling

More information

Strategy:10. Rob Booker s. Low risk/high return forex trading

Strategy:10. Rob Booker s. Low risk/high return forex trading RISK DISCLOSURE: Rob Booker s Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for

More information

Have Information to Make the Right Decisions!

Have Information to Make the Right Decisions! Here's Your Free Report... How To Stop Foreclosure! Dear Homeowner, My name is Michael Riley. I am a Real Estate Investor and I can share with you the secrets to saving your home from foreclosure. I have

More information

Self-Screening for Aspiring Traders

Self-Screening for Aspiring Traders Self-Screening for Aspiring Traders A.E. Brockwell June 8, 2010 If you are reading this, it is because you are considering taking up trading as a professional or semi-professional activity. That is, you

More information

Team Announcement Teleconference

Team Announcement Teleconference CHARLIE FISS: Good afternoon, everyone. Welcome to our media teleconference for the College Football Playoffs Semifinal at the Goodyear Cotton Bowl Classic. Those participating on today's teleconference

More information

Practical Problem Solving Dr. Chris Williams

Practical Problem Solving Dr. Chris Williams Practical Problem Solving Dr. Chris Williams Overcoming Depression A Five Areas Approach 2 Acknowledgement Practical Problem Solving is part of a longer self-help workbook called Overcoming Depression:

More information

Secrets From OfflineBiz.com Copyright 2010 Andrew Cavanagh all rights reserved

Secrets From OfflineBiz.com Copyright 2010 Andrew Cavanagh all rights reserved Secrets From OfflineBiz.com Copyright 2010 Andrew Cavanagh all rights reserved The Lucrative Gold Mine In Brick And Mortar Businesses If you've studied internet marketing for 6 months or more then there's

More information

Chapter 28 LIQUIDATION

Chapter 28 LIQUIDATION Chapter 28 LIQUIDATION Knowing when to liquidate a trade is at least as important as knowing when to enter a trade. Since most traders are on the right side of a trade going in, then the problem would

More information

Three Ways to Maximize Your Returns

Three Ways to Maximize Your Returns Three Ways to Maximize Your Returns People who become interested in trading for a living are often drawn to trading because they want freedom and they are interested in multiplying money. While initially

More information

Thank you for purchasing this ebook, and I sincerely wish you good luck in your trading!

Thank you for purchasing this ebook, and I sincerely wish you good luck in your trading! I learned warrant trading from a master of the Wall Street game. I was able to use that knowledge to pay cash for my very first new car and put a down payment on a house. I wrote this ebook for a few reasons.

More information

15 Toughest Interview Questions and Answers! Reference: WomenCo. Lifestyle Digest, updates@m.womenco.com

15 Toughest Interview Questions and Answers! Reference: WomenCo. Lifestyle Digest, updates@m.womenco.com 15 Toughest Interview Questions and Answers! Reference: WomenCo. Lifestyle Digest, updates@m.womenco.com 1. Why do you want to work in this industry? I love to shop. Even as a kid, I spent hours flipping

More information

Mark Minervini. Interview with Tim Bourquin

Mark Minervini. Interview with Tim Bourquin Mark Minervini Interview with Tim Bourquin Mark Minervini is one of America s most successful stock traders; a veteran on Wall Street with nearly 30 years of experience. He won the 1997 U.S. Investing

More information

DESCRIBING OUR COMPETENCIES. new thinking at work

DESCRIBING OUR COMPETENCIES. new thinking at work DESCRIBING OUR COMPETENCIES new thinking at work OUR COMPETENCIES - AT A GLANCE 2 PERSONAL EFFECTIVENESS Influencing Communicating Self-development Decision-making PROVIDING EXCELLENT CUSTOMER SERVICE

More information

WHAT I LEARNT AS AN INVESTOR

WHAT I LEARNT AS AN INVESTOR WHAT I LEARNT AS AN INVESTOR BY GUERRIC DE TERNAY We all want to make money by investing our savings but investment seems confusing. We do not know how to organize our investment. Where should we start?

More information

CHOOSING A FINANCIAL ADVISOR

CHOOSING A FINANCIAL ADVISOR CHOOSING A FINANCIAL ADVISOR Prepared By Winer Wealth Management, Inc. 21243 Ventura Blvd. Suite 207 Woodland Hills, CA 91364 (818) 673-1695 www.winerwealth.com Common Concerns Do any of these sound familiar?

More information

An oral history interview with Janet Perna, member of the WITI Hall of Fame, conducted on.july 29th, 2003, by IBM Corporate Archivist Paul Lasewicz.

An oral history interview with Janet Perna, member of the WITI Hall of Fame, conducted on.july 29th, 2003, by IBM Corporate Archivist Paul Lasewicz. An oral history interview with Janet Perna, member of the WITI Hall of Fame, conducted on.july 29th, 2003, by IBM Corporate Archivist Paul Lasewicz. LASEWICZ: Thank you for agreeing to sit down with us.

More information

Margin Trading Tutorial

Margin Trading Tutorial Margin Trading Tutorial http://www.investopedia.com/university/margin/ Thanks very much for downloading the printable version of this tutorial. As always, we welcome any feedback or suggestions. http://www.investopedia.com/investopedia/contact.asp

More information

! Insurance and Gambling

! Insurance and Gambling 2009-8-18 0 Insurance and Gambling Eric Hehner Gambling works as follows. You pay some money to the house. Then a random event is observed; it may be the roll of some dice, the draw of some cards, or the

More information

56 Key Profit Building Lessons I Learned from Jay Abraham s MasterMind Marketing Training.

56 Key Profit Building Lessons I Learned from Jay Abraham s MasterMind Marketing Training. 56 Key Profit Building Lessons I Learned from Jay Abraham s MasterMind Marketing Training. Jay Abraham is a man you should all know. If you do not - go to the library and start learning - just do it! He

More information

A: We really embarrassed ourselves last night at that business function.

A: We really embarrassed ourselves last night at that business function. Dialog: VIP LESSON 049 - Future of Business A: We really embarrassed ourselves last night at that business function. B: What are you talking about? A: We didn't even have business cards to hand out. We

More information

Janet E. Helms, Ph.D. Augustus Long Professor, Department of Counseling, Boston College

Janet E. Helms, Ph.D. Augustus Long Professor, Department of Counseling, Boston College Janet E. Helms, Ph.D. Augustus Long Professor, Department of Counseling, Boston College Interviewed by Carlos P. Zalaquett, Ph.D., L.M.H.C Department of Psychological & Social Foundations University of

More information

PRE-TOURNAMENT INTERVIEW TRANSCRIPT: Tuesday, January 27, 2015

PRE-TOURNAMENT INTERVIEW TRANSCRIPT: Tuesday, January 27, 2015 PRE-TOURNAMENT INTERVIEW TRANSCRIPT: Tuesday, January 27, 2015 LYDIA KO MODERATOR: Happy to be joined in the media center by Rolex Rankings No. 2, Lydia Ko. Lydia, you're coming off winning the CME last

More information

50 Trading Rules for Option Traders

50 Trading Rules for Option Traders 50 Trading Rules for Option Traders Trader Psychology Rules 1. If you fail to plan, plan to fail. You must have a plan for each trade. 2. NEVER trade with money you can t afford to lose. 3. There are no

More information

Chapter 1 Introduction Disclaimer: Forex Involves risk. So if you lose money you can't blame us we told you trading involves risk.

Chapter 1 Introduction Disclaimer: Forex Involves risk. So if you lose money you can't blame us we told you trading involves risk. By Casey Stubbs -Winners Edge Trading.com Table of Contents Chapter 1. Introduction Chapter 2.. Trading Plan Chapter 3.. Money Management Chapter 4. Moving Average Strategy Chapter 5. Stochastic Strategy

More information

YOU WILL NOT BE EFFECTIVE READING THIS.

YOU WILL NOT BE EFFECTIVE READING THIS. This is the most effective and powerful script for securing appointment with FSBO's you will ever put to use. This scrip will increase your appointment closing ratio by 50-60%. The thing to keep in mind

More information

Annihilate Marijuana Addiction and Stop Smoking Weed

Annihilate Marijuana Addiction and Stop Smoking Weed Annihilate Marijuana Addiction and Stop Smoking Weed Marijuana addiction specialist and certified life coach reveals... why you DON'T need to spend $1000s or even $100s for 28 days in a rehab clinic with

More information

Geoff Considine, Ph.D.

Geoff Considine, Ph.D. Google Employee Stock Options: A Case Study Geoff Considine, Ph.D. Copyright Quantext, Inc. 2007 1 Employee stock option grants are available to roughly 15% of white collar worker in companies with 100

More information

Connectedness and the Emotional Bank Account

Connectedness and the Emotional Bank Account Connectedness and the Emotional Bank Account Directions This is a self-guided activity that can be completed by parents, teens or both. It contains five parts and should take about 45 minutes to complete.

More information

Introduction to Accounting

Introduction to Accounting Introduction to Accounting Text File Slide 1 Introduction to Accounting Welcome to SBA s online training course, Introduction to Accounting. This program is a product of the agency s Small Business Training

More information

Don t Be a Gunslinger Kevin J. Davey www.kjtradingsystems.com

Don t Be a Gunslinger Kevin J. Davey www.kjtradingsystems.com Don t Be a Gunslinger Kevin J. Davey www.kjtradingsystems.com Copyright Kevin Davey and kjtradingsystems.com. All Rights Reserved. Unlimited distribution without changes is permitted. I love shoot em up

More information

Date. Hello, Good Afternoon and Welcome to Pegasus Racing! I cordially invite you to join me...

Date. Hello, Good Afternoon and Welcome to Pegasus Racing! I cordially invite you to join me... "I m One Of The UK s Top Horse Racing Tipsters & I m Going To Show You My Closely Guarded Secrets Of How I Make Thousands From Horse Racing So You Can Too!" Date Hello, Good Afternoon and Welcome to Pegasus

More information

Introduction. Here's What You Need To Know In Under 2 Minutes

Introduction. Here's What You Need To Know In Under 2 Minutes Welcome to Options Trading Wire! Introduction If you're reading this, you've taken a big step towards becoming a successful options trader. You see, by subscribing to this service, you're getting world-class,

More information

A whole new stream of income - For many, affiliate commissions are like "found money."

A whole new stream of income - For many, affiliate commissions are like found money. ActionPlan.com Affiliate Marketing Handbook by Robert Middleton The purpose of this handbook is to give you the tools you need to become a successful ActionPlan.com Affiliate. Being an affiliate and earning

More information

Thank you so much for having me. I m really excited to be here today.

Thank you so much for having me. I m really excited to be here today. Welcome to The Boomer Business Owner. My guest today is Ty Crandall. Ty is an honorary Baby Boomer, internationally known speaker, author, and business credit expert. With over 16 years of financial experience,

More information

"Why Don't Recruitment Agencies Get Back to Me?"

Why Don't Recruitment Agencies Get Back to Me? Special In-Depth Articles Title: "Why Don't Recruitment Agencies Get Back to Me?" Dealing with a recruitment agency can be frustrating. Here's the brutal truth from an insider on how they work and why

More information

Trading Commodity Stocks

Trading Commodity Stocks This trader is ready to go. Chapter 11 COMMON SENSE TRADING Yes, he has all his tools in place. Just look at all those charts. What's more, he may have found the secret of trading by the moon. If not that,

More information

January 2009. The 12% Letter. The World s Greatest Income Secret

January 2009. The 12% Letter. The World s Greatest Income Secret January 2009 The 12% Letter The World s Greatest Income Secret The World s Greatest Income Secret By Jeff Clark I want to introduce you to an income secret that could easily give you all the money you

More information

Welcome to your FX365i and the Forex Quick Start course!

Welcome to your FX365i and the Forex Quick Start course! Welcome to Your Forex 365 Institute QUICK START Course! Welcome to your FX365i and the Forex Quick Start course! During this course you will learn exactly what it takes to be a professional Forex trader.

More information

Sales Lead Brokerage Profit Plan Bonus Document

Sales Lead Brokerage Profit Plan Bonus Document Sales Lead Brokerage Profit Plan Bonus Document Introduction Hello and thanks for ordering the Sales Lead Brokerage Profit Plan through the Money Makers Reviewed website. As you ll know if you read my

More information

A: I thought you hated business. What changed your mind? A: MBA's are a dime a dozen these days. Are you sure that is the best route to take?

A: I thought you hated business. What changed your mind? A: MBA's are a dime a dozen these days. Are you sure that is the best route to take? Dialog: LESSON 120 - MBA A: What are you doing tomorrow? B: I'm starting my MBA. A: I thought you hated business. What changed your mind? B: I do hate it, but I need to start making more money. A: MBA's

More information

The Option Profit Formula

The Option Profit Formula Public FAQ Guide 01 Important Admin Note: I love providing free material to the public and adding value to the lives of others at no cost, but please keep in mind my highest priority is given to my students.

More information

How to Create Winning Joint Ventures

How to Create Winning Joint Ventures How to Create Winning Joint Ventures Jim Ingersoll here with another segment on private lender financing and your private lending course. I'm excited to have you along. Now that you know why you want to

More information

Human Services Associate Spring 2014 Student SLO Report

Human Services Associate Spring 2014 Student SLO Report 1. What did you like about this program? I loved most of the teachers. One was not that great but I was informed she will not be back so that is good for the new students. I liked how the assignments helped

More information

No duplication of transmission of the material included within except with express written permission from the author.

No duplication of transmission of the material included within except with express written permission from the author. Copyright Option Genius LLC. All Rights Reserved No duplication of transmission of the material included within except with express written permission from the author. Be advised that all information is

More information

ABOUT ACORN WEALTH CORPORATION

ABOUT ACORN WEALTH CORPORATION ABOUT ACORN WEALTH CORPORATION Founded by a group of professional traders, Acorn Wealth Corporation, is one of the leading academies in North America established to educate, train, and mentor individuals

More information

IS IT POSSIBLE THAT WHAT YOU LEARNED ABOUT COACHING IS WRONG?

IS IT POSSIBLE THAT WHAT YOU LEARNED ABOUT COACHING IS WRONG? » WHITE PAPER IS IT POSSIBLE THAT WHAT YOU LEARNED ABOUT COACHING IS WRONG? SOMETIMES DIFFERENT IS BETTER THE TRUTH ABOUT WHO TO COACH & HOW TO ASSESS THEIR PERFORMANCE Tom Stanfill, CEO ASLAN Training

More information

Competitive Will Sport Psychology

Competitive Will Sport Psychology Competitive Will Sport Psychology Elevating Athletic Performance In This Issue Welcome to Competitive Will About Competitive Will About Kyle McDonald Consulting Services Competing Through the Doubts of

More information

Scripts for Recruiters

Scripts for Recruiters Scripts for Recruiters Companion Script Guide for The New Recruiters Tool Kit www.greatrecruitertraining.com Copyright 2010 Scott Love 1 How to Use This Guide Use this companion script guide while watching

More information

story: I have no problem lending money to family & friends as long as I can afford it.

story: I have no problem lending money to family & friends as long as I can afford it. name: Emily state: Texas story: My husband has borrowed money from his parents many different times without my knowing. I think that if you expect repayment, a written loan agreement or share secured loan

More information

How to see the market context using CCI Written by Buzz

How to see the market context using CCI Written by Buzz How to see the market context using CCI Written by Buzz Towards the end of September 2003, I decided to stop trading the S&P e-mini for a while and focus on the Russell 2000 e-mini. The swings seemed to

More information

10 common problems professional photographers face - and how to overcome them

10 common problems professional photographers face - and how to overcome them 10 common problems professional photographers face - and how to overcome them The Institute of Professional Photography 10 Common problems professional photographers face - and how to overcome them Nothing

More information

(404) 919-9756 david@davidbrauns.com www.davidbrauns.com

(404) 919-9756 david@davidbrauns.com www.davidbrauns.com You are probably reading this guide because you were recently in an automobile accident. Now you are faced with some difficulties. The tasks of managing your care and your insurance claim can be confusing

More information

How to Find and Trade Stocks in Play Improving Your Trading Success with Real Time Collaboration

How to Find and Trade Stocks in Play Improving Your Trading Success with Real Time Collaboration SMB TRAINING How to Find and Trade Stocks in Play Improving Your Trading Success with Real Time Collaboration Smbtraining.com 1/1/2014 Stocks in Play are opportunities that have institutional order flow

More information

Strategies for Trading Inverse Volatility

Strategies for Trading Inverse Volatility Strategies for Trading Inverse Volatility In this paper, I present five different strategies you can use to trade inverse volatility. Why trade inverse volatility you ask? Because since 2011, trading inverse

More information

So, let's dive right into what you need to do to start.

So, let's dive right into what you need to do to start. Welcome to the WADS System. This document contains the recommended steps to take in order to learn to trade. I created it with one thought in mind... making this as fun and easy to learn as possible. For

More information

Trading for a living - my view by Charlie Burton

Trading for a living - my view by Charlie Burton Trading for a living - my view by Charlie Burton This is my personal take on trading and why I do it. Everyone will have a different perspective but the following passages are based on my individual experiences.

More information

BOOK REPORT ARE YOU IN IT FOR THE LONG HAUL?

BOOK REPORT ARE YOU IN IT FOR THE LONG HAUL? BOOK REPORT Mirror, Mirror on the Wall, Am I the Most Valued of them All? The Ultimate Element of Differentiation is YOU By Leo J. Pusateri ISBN 0-9716056-0-2 ARE YOU IN IT FOR THE LONG HAUL? After years

More information

PREPARING FOR THE INTERVIEW

PREPARING FOR THE INTERVIEW U N I V E R S I T Y C A R E E R S E R V I C E S PREPARING FOR THE INTERVIEW THE INTERVIEW The interview is an opportunity to demonstrate to an employer why you are the best fit for the position. Essentially,

More information

Chapter 3.3. Trading Psychology

Chapter 3.3. Trading Psychology 1 Chapter 3.3 Trading Psychology 0 TRADING PSYCHOLOGY Forex traders have to not only compete with other traders in the forex market but also with themselves. Oftentimes as a Forex trader, you will be your

More information

Stuart McPhee s Trading Plan Template

Stuart McPhee s Trading Plan Template Stuart McPhee s Trading Plan Template Mindset * Right from the start you need to ask yourself whether you are prepared to work towards achieving a trading plan that will work. If yes, great! Many people

More information

Farres, L. G. (2000). A mental training tool: Implementing an effective mental skills training program. BC Coach s Perspective, 4(4), 14-17.

Farres, L. G. (2000). A mental training tool: Implementing an effective mental skills training program. BC Coach s Perspective, 4(4), 14-17. Farres, L. G. (2000). A mental training tool: Implementing an effective mental skills training program. BC Coach s Perspective, 4(4), 14-17. A Mental Training Tool: Implementing an Effective Mental Skills

More information

The Ultimate Guide to Buying and Selling Penny Stocks

The Ultimate Guide to Buying and Selling Penny Stocks The Ultimate Guide to Buying and Selling Penny Stocks 1 Table of Contents Part One... Introduction to Penny Stocks 3 Penny Stock Basics? 3 Why Trade Penny Stocks? 4 Where Are Penny Stocks Traded? 4 Part

More information

TRADING CFDS. Learn how to make money with trading

TRADING CFDS. Learn how to make money with trading Learn how to make money with trading Index Why trading? 2 The Basics 3 The Trend Strategy 7 Money Management 9 Closing Remarks 11 1 Why trading? Everyday financial products worth billions of dollars are

More information

CALL US 801-656-2092. Free Report on How To Choose a Personal Trainer. This is an educational service provided to you by The GYM

CALL US 801-656-2092. Free Report on How To Choose a Personal Trainer. This is an educational service provided to you by The GYM Free Report on How To Choose a Personal Trainer This is an educational service provided to you by The GYM 1 6 Mistakes to avoid when choosing a personal trainer 1. Choosing a personal trainer strictly

More information

c01_1 09/18/2008 1 CHAPTER 1 COPYRIGHTED MATERIAL Attitude Is Everything in a Down Market http://www.pbookshop.com

c01_1 09/18/2008 1 CHAPTER 1 COPYRIGHTED MATERIAL Attitude Is Everything in a Down Market http://www.pbookshop.com c01_1 09/18/2008 1 CHAPTER 1 Attitude Is Everything in a Down Market COPYRIGHTED MATERIAL c01_1 09/18/2008 2 c01_1 09/18/2008 3 Whether you think you can or you think you can t, you are right. Henry Ford

More information

So, if you are going to scalp the Forex market, you need to be very strategic with your or you will get eaten for breakfast

So, if you are going to scalp the Forex market, you need to be very strategic with your or you will get eaten for breakfast IMPORTANT: This is an added bonus for being our client. If you need more trading strategies that included: Beginners-Intermediate Trading Strategies Intermediate-Advance Trading Strategies Elliott Wave

More information

A Beginner s Guide to Financial Freedom through the Stock-market. Includes The 6 Steps to Successful Investing

A Beginner s Guide to Financial Freedom through the Stock-market. Includes The 6 Steps to Successful Investing A Beginner s Guide to Financial Freedom through the Stock-market Includes The 6 Steps to Successful Investing By Marcus de Maria The experts at teaching beginners how to make money in stocks Web-site:

More information

Process Consultation Revisited Building the Helping Relationship

Process Consultation Revisited Building the Helping Relationship Process Consultation Revisited Building the Helping Relationship Edgar H. Schein Process Consultation and the Helping Relationship in Perspective In this chapter I want to summarize, comment on and reflect

More information

The myths and realities of effective mental training

The myths and realities of effective mental training The myths and realities of effective mental training A Free ebook by David Hinchliffe, Director of Coaching for PitchVision Academy All the information contained within this ebook is copyright misport

More information

BBC LEARNING ENGLISH 6 Minute English Is student life all good?

BBC LEARNING ENGLISH 6 Minute English Is student life all good? BBC LEARNING ENGLISH 6 Minute English Is student life all good? NB: This is not a word-for-word transcript Hello and welcome to 6 Minute English. I'm and I'm. Hello. Hello,. You went to university, didn't

More information

Goal Setting & Work. Shasta County Health and Human Services Agency Department of Social Services CalWORKs Employment Services Program

Goal Setting & Work. Shasta County Health and Human Services Agency Department of Social Services CalWORKs Employment Services Program What s in your tool kit? Goal Setting & Work Shasta County Health and Human Services Agency Department of Social Services CalWORKs Employment Services Program Goal Setting & Work 11/08 Goal Setting Action

More information

5 Tricks of Trend Trading

5 Tricks of Trend Trading 5 Tricks of Trend Trading Copyright 2006 Rob Booker. All rights reserved. No part of this publication may be sold or changed without the author s consent. Page 1 of 8 Guiding Principles of this ebook 1.

More information

Trader s Checklist - Steps to Trading Success

Trader s Checklist - Steps to Trading Success presents Trader s Checklist Steps to Trading Success Trader s Checklist - Steps to Trading Success By Lance Beggs Trading Website: YouTube Videos: Ebooks: http://www.yourtradingcoach.com/ http://www.youtube.com/yourtradingcoach

More information

Coaches Corner - Tips, Tools, News and Articles for Real Estate Professionals. In This Issue... "Leads Are Your Lifeblood" Words from the President

Coaches Corner - Tips, Tools, News and Articles for Real Estate Professionals. In This Issue... Leads Are Your Lifeblood Words from the President May 9nd, 2006 Issue 259 Newsletter Archive PDF Version Advertising Contact us Coaches Corner - Tips, Tools, News and Articles for Real Estate Professionals In This Issue... Words from the President The

More information

DEFINE YOUR SALES PROCESS

DEFINE YOUR SALES PROCESS DEFINE YOUR SALES PROCESS TO GROW YOUR BUSINESS Internet Marketing 101: How Small Businesses Can Compete with the Big Guys DEFINE YOUR SALES PROCESS TO GROW YOUR BUSINESS A strong and effective sales team

More information

Money Management. 8 Day Intensive Course Lesson 8. A) Why Do Most Traders Lose Money? Why Do Most Traders Lose Money?

Money Management. 8 Day Intensive Course Lesson 8. A) Why Do Most Traders Lose Money? Why Do Most Traders Lose Money? 8 Day Intensive Course Lesson 8 Money Management A) Why Do Most Traders Lose Money? Why Do Most Traders Lose Money? The fact is that most traders, regardless of how intelligent and knowledgeable they may

More information

INTERVIEW QUESTIONS: ADVICE AND GUIDANCE

INTERVIEW QUESTIONS: ADVICE AND GUIDANCE INTERVIEW QUESTIONS: ADVICE AND GUIDANCE Although interviews can vary tremendously, from an informal chat to a panel interview, some questions always seem to crop up. It would be a good idea to review

More information