Stock Options Trading Millionaire Principles

Having actually been trading stocks and options in the capital markets professionally over the years, I have seen many ups and downs.

I have actually seen paupers become millionaires over night …

And

I have seen millionaires become paupers overnight …

One story told to me by my mentor is still etched in my mind:

"Once, there were two Wall Street stock exchange multi-millionaires. Both were very successful and decided to share their insights with others by selling their stock market projections in newsletters. Each charged US$ 10,000 for their viewpoints. One trader was so curious to understand their views that he spent all of his $20,000 savings to purchase both their opinions. His pals were naturally excited about what the two masters needed to state about the stock exchange`s direction. When they asked their friend, he was fuming mad. Baffled, they asked their buddy about his anger. He stated, `One stated BULLISH and the other stated BEARISH!`."

The point of this illustration is that it was the trader who was wrong. In today`s stock and choice market, people can have different viewpoints of future market instructions and still profit. The differences lay in the stock selecting or choices strategy and in the mental attitude and discipline one uses in carrying out that method.

I share here the basic stock and choice trading concepts I follow. By holding these concepts strongly in your mind, they will assist you regularly to success. These concepts will assist you decrease your danger and enable you to assess both what you are doing right and what you might be doing wrong.

You may have read ideas comparable to these before. I and others use them because they work. And if you memorize and review these principles, your mind can utilize them to guide you in your stock and options trading.

CONCEPT 1.

SIMPLENESS IS PROFICIENCY.
Wendy Kirkland
I learned this from Wendy Kirkland, When you feel that the stock and alternatives trading approach that you are following is too complicated even for basic understanding, it is most likely not the very best.

In all aspects of effective stock and alternatives trading, the easiest techniques typically emerge victorious. In the heat of a trade, it is easy for our brains to end up being mentally overloaded. If we have a complex strategy, we can not keep up with the action. Simpler is much better.

PRINCIPLE 2.

NO ONE IS GOAL ENOUGH.

If you feel that you have absolute control over your feelings and can be unbiased in the heat of a stock or options trade, you are either an unsafe types or you are an inexperienced trader.

No trader can be absolutely objective, especially when market action is unusual or extremely unpredictable. Similar to the ideal storm can still shake the nerves of the most skilled sailors, the best stock market storm can still unnerve and sink a trader extremely quickly. For that reason, one must strive to automate as many important aspects of your method as possible, particularly your profit-taking and stop-loss points.

CONCEPT 3.

HOLD ON TO YOUR GAINS AND CUT YOUR LOSSES.

This is the most essential principle.

Many stock and choices traders do the opposite …

They hold on to their losses way too long and watch their equity sink and sink and sink, or they get out of their gains too soon just to see the price increase and up and up. Gradually, their gains never cover their losses.

This concept takes some time to master correctly. Contemplate this principle and examine your past stock and options trades. If you have been undisciplined, you will see its fact.

CONCEPT 4.

HESITATE TO LOSE MONEY.

Are you like a lot of newbies who can`t wait to leap right into the stock and choices market with your cash wanting to trade as soon as possible?

On this point, I have discovered that the majority of unprincipled traders are more scared of missing out on "the next big trade" than they are afraid of losing cash! The key here is STAY WITH YOUR TECHNIQUE! Take stock and options trades when your strategy signals to do so and avoid taking trades when the conditions are not fulfilled. Exit trades when your method says to do so and leave them alone when the exit conditions are not in place.

The point here is to be scared to discard your money because you traded needlessly and without following your stock and options method.

CONCEPT 5.

YOUR NEXT TRADE COULD BE A LOSING TRADE.

Do you definitely think that your next stock or alternatives trade is going to be such a huge winner that you break your own finance guidelines and put in whatever you have? Do you remember what usually takes place after that? It isn`t quite, is it?

No matter how confident you may be when going into a trade, the stock and options market has a way of doing the unexpected. Therefore, always stick to your portfolio management system. Do not compound your awaited wins because you might end up intensifying your very genuine losses.

CONCEPT 6.

ASSESS YOUR EMOTIONAL CAPACITY BEFORE INCREASING CAPITAL OUTLAY.

You know by now how different paper trading and genuine stock and alternatives trading is, don`t you?

In the very same way, after you get used to trading real cash consistently, you find it very different when you increase your capital by 10 fold, don`t you?

What, then, is the distinction? The distinction is in the psychological concern that features the possibility of losing increasingly more genuine money. This occurs when you cross from paper trading to real trading and likewise when you increase your capital after some successes.

After a while, the majority of traders realize their optimal capability in both dollars and feeling. Are you comfortable trading approximately a few thousand or tens of thousands or hundreds of thousands? Know your capability before committing the funds.

CONCEPT 7.

YOU ARE A NEWBIE AT EVERY TRADE.

Ever seemed like a specialist after a couple of wins and then lose a lot on the next stock or choices trade?

Overconfidence and the false sense of invincibility based on previous wins is a dish for catastrophe. All specialists respect their next trade and go through all the appropriate steps of their stock or alternatives method before entry. Treat every trade as the first trade you have actually ever made in your life. Never ever deviate from your stock or choices method. Never.

CONCEPT 8.

YOU ARE YOUR FORMULA TO SUCCESS OR FAILURE.

Ever followed a successful stock or choices method only to stop working severely?

You are the one who determines whether a method is successful or fails. Your character and your discipline make or break the strategy that you utilize not vice versa. Like Robert Kiyosaki says, "The investor is the possession or the liability, not the financial investment."

Comprehending yourself initially will result in eventual success.

CONCEPT 9.

CONSISTENCY.

Have you ever altered your mind about how to implement a strategy? When you make changes day after day, you end up capturing nothing but the wind.

Stock market fluctuations have more variables than can be mathematically developed. By following a proven method, we are ensured that somebody successful has actually stacked the odds in our favour. When you evaluate both winning and losing trades, identify whether the entry, management, and exit satisfied every requirements in the method and whether you have followed it specifically prior to changing anything.

In conclusion …

I hope these easy standards that have led my ship of the harshest of seas and into the very best harvests of my life will assist you too. Best of luck.

Repercussions of the Ashley Madison Hack Still Mounting

Up until July, 2015, the dating site Ashley Madison was known for it’s sleazy tagline, late night commercials, and oddly direct and explicit marketing towards married men.  But other than that, few people had much to say about the site: it existed since the early 2000’s as something of an immoral outlier in the internet dating scene, but most people just assumed that no one they knew used the site, or that the whole thing was some kind of sick joke.  Nowadays, Ashley Madison users and the general public alike have come to realize that the site was all too serious, as victims of the high profile “Ashley Madison hack” are beginning to feel repercussions from their involvement with the dating service.  Here’s what happened.

Ashley Madison Hack: a Brief Timeline

If you haven’t been following the news surrounding the Ashley Madison hack, here’s a quick look at the timeline of what’s transpired so far to get you up to speed.  On July 15th, 2015, a group of hackers called “Impact Team” announced that they had stolen Ashley Madison’s consumer data, and would release all of the information unless some demands were met.  Namely, “Impact Team,” had some big issues with the fact that Ashley Madison charged users who hoped to leave the service a $19 dollar fee to delete their data, and then apparently didn’t erase user information as promised.  “Impact Team” called for a total shutdown of Ashley Madison and sister site EstablishedMen.com.

When Avid Life Media, Ashley Madison’s parent company, did not take any measures to shut down either site, “Impact Team” followed through with their promise.  On July 22nd, the first user data was published.  By August 18th, all of the user data for customers of the site was made public.  Today, you can search through a number of online services to see if you or someone you know had their information released, and all of the customer information of everyone on the site is essentially now public knowledge.

The Repercussions of the Ashley Madison Hack

From a personal perspective, the individuals whose information was released through the Ashley Madison hack are facing a whole lot of scrutiny.  The site’s tagline is “Life is short.  Have an affair.” so it’s somewhat hard to argue that anyone with an account didn’t intend to participate in some extramarital activity.  Some user profiles were created with other people’s email addresses, so there are some entirely innocent victims in all of this.  But for the most part, most users who have had their information leaked had to know that their membership on the site wasn’t the most moral of choices.

Now, with the information being released, the lives of Ashley Madison members will be changed forever.  In some cases, families are getting pulled apart, as wives reasonably confront their spouses and demand a divorce.  In other cases, individuals are losing their jobs, as employers with morality clauses in their contracts point to the leaked information and demand resignations.  Just about no one who had their information leaked is going to come out unscathed, and the repercussions of the hack are still developing. 

Release of Private Information

Early search sites allowed anyone who was curious to plug-in an email and see if there was an attached Ashley Madison account.  But now, search indexes are releasing and cataloguing a lot more information, and you can easily and quickly pull up a whole ton of private information on anyone affected by the hack.  Some search sites are even publishing the home addresses of Ashley Madison members, ostensibly to get innocent people off of the hook whose emails may have been entered as a prank or incorrectly.  But what these search engines really amount to is a massive invasion of privacy, as so much private information being in the public domain has a big effect on victims,

Advertisers have already started taking advantage of this information to spam Ashley Madison members with junk mail and product offers.  Some search sites are even reaching out directly to those whose information is discovered, advertising the services of private investigators and other directed products as obscure as STD tests and as grim as divorce attorneys.  And this is probably just the beginning: with so much information being public, it’s only a matter of time before more people exploit it.

Is Your Data Ever Safe Online?

The short answer to this question is no.  No matter what kinds of sites you frequent online, your data is never entirely safe once it has been entered, especially when it is associated with a user profile.  Every website out there can be hacked; Ashley Madison is the most recent, but there are plenty of other example of hackers finding their ways into private personal data repositories.

Which begs another question: what exactly were Ashley Madison members thinking when they entered so much personal information on the site?  If you want to keep yourself safe, it’s a good practice to enter as little info as possible online, especially to a site as dubious as Ashley Madison.  And if you do enter your personal information freely around the internet, don’t be too surprised if that information is someday made public. 

Before you begin looking for a good wine tasting Sonoma for your business, you will need to get educated about the commercial property leasing procedure. Being prepared will keep you from making expeditious decisions and costly mistakes you will regret later on. Below are some insider tips to help make an informed choice when letting a commercial real estate your company

Initiate the process of searching for commercial space at least 6-12 months before your existing lease expires or before your ideal move-in-date. Finding the correct space and negotiating the deal alonewill require 1-2 months depending upon the size space and current market conditions. Typically the spaces you like will need some type of modifications which the time needed will depend on the scope of work.

Thoroughly research your business’s present and future needs. Consult with the different department heads for input as well as some key employees.

Get acquainted with allthe commercial space terms and definitions. Different landlords state and quote things otherwise. If you are in doubt about what they mean do not be afraid to ask them to supply more information.

If you are not familiar with the commercial leasing process or the present market conditions then consider engaging the help of a tenant agent. Their services do not cost you anything since landlords compensate all of the leasing commissions. The landlord agent will have an professional listing agent advising them so it would be a great idea for you to have one too.

Physically tour all of the spaces that meet your needs so you can make a brief list. Keep in mind that the layouts can be reconfigured so don’t get stuck on that. Ask the landlord agents a great deal of questions about the ownership, property amenities, required lease duration, how much the landlord is prepared to give in tenant improvement allowances, etc..

Do not settle for the first commercial properties you think is suitable for your needs: continue searching until you have at least 2 to three alternative choices. These extra options will work to your benefit since you will know what to expect during the lease negotiations and you’ll gain more leverage with multiple landlords competing for your company. They also give you something to fall back to whether the negotiations for your first choice go silent.

Send out proposals to your top three to five choices. These aren’t legally binding. You don’t ever want to take a landlord representative’s verbal note. Everything should be in writing.

To help you decide what property is most suitable for your company, prepare a spreadsheet to do an apples to apples comparison of every property. A few of the things you should consider include the size of this distance, the inquiring foundation rental rates, the necessary lease duration, and the incremental costs (taxes, insurance, maintenance, etc). You can also take note about the advantages and disadvantages of each property. If you are budget conscious then you can quickly narrow down the list by simply calculating the monthly base rents for each property then removing those which are way above your budget. The monthly base rent is calculated by multiplying the industrial space square feet from the asking base rate plus any operating expenditures then dividing by 12.

If some of the commercial buildings need tenant finish-outs then it’s crucial that you determine what changes you want on each and get construction bids. This way if the landlord is offering a tenant improvement allowance you will learn how much out of pocket you’ll need to pay above and beyond what the landlord is prepared to give.

Carefully examine and compare the terms of each proposal. Consider whether it is logical to go back to every landlord to negotiate additional concessions. Be certain you fully understand the total expenses you are expected to cover. Do not get emotionally attached to a certain property until the negotiations are over. Emotional attachment might result in you signing a contract your business can’t live up to.

After negotiations are finalized and you have made your selection now it’s time to have the landlord provide you the first draft of this commercial lease contract.

Now it’s time to reassess the commercial lease contract. It would be wise for you to hire an attorney to review the lease. If you have a tenant representative then they could review the lease with you as well. Industrial lease language could be negotiated. If you do not like particular lease items or want to propose new language now is the time to do so.

When the end of lease contract negotiations has ended the building owner will supply you a draft of the lease to review and sign.

There are many more things to think about when renting commercial real estate however these ideas will help get you going. If you are a new company renting commercial property for the first time or an existing company who has only leased 1 or 2 spaces then consider getting help from a tenant agent. Their services don’t cost you anything and you’ll save a great deal of time and money.