Successful Trading – Establish Your Risk Level

Written by Chuck Cox


Continued from page 1

We recommend that get out ofrepparttar position if it drops anywhere from 7% to 10% from where you purchasedrepparttar 148596 stock, option or commodity (or any other market derivative). Yes, it could rebound and take off 100 points after you sale, but it could also drop 100 points and your account would be wiped out. Consider this, if your account drops 50%, then you need a 100% gain to get it back where you were! This is why you MUST place a stop-loss after every trade you place with your broker. Do this without fail IMMEDIATELY after placing a trade with your online broker. Once you’ve placed a stop-loss level with your online broker,repparttar 148597 system will automatically sell your position when that level is reached. Remember, stay inrepparttar 148598 game until you hit that big trade!

Chuck Cox is a Technical Writer and Industrial Scientist by professional with a background in statistics. He has used mathematical and statistical methods to invest and trade in the stock, futures, and options markets. Chuck has owned various businesses and presently operates several websites. To learn more about trading in the markets, visit his website, http://www.earncashathometoday.com/trading-stocks.htm


Building Wealth: It's An Inside Job – Part 1

Written by Chuck Cox


Continued from page 1

2) Visualize The Outcome – Put pictures of financial goals in your mind and view them routinely. The best times for these visualizations arerepparttar first thing inrepparttar 148595 morning and right before bedtime. And it is also recommended that you add some exercises throughoutrepparttar 148596 day as well. As withrepparttar 148597 affirmations, these visualization exercises are a matter of personal preference. We all visualize things in our minds differently depending on our personalities, so you’ll want to experiment withrepparttar 148598 pictures. Here are some things you can do with those internal pictures: try blowing them up in size, make them more colorful, give them noise, give them action, or increaserepparttar 148599 brightness. Keep playing with these attributes until you findrepparttar 148600 ones that excite you. Also, keep in mind thatrepparttar 148601 content of these pictures will change over time – in fact, they NEED to change over time because you’re trying picture more prosperity in your life.

3) Be Aware of How You Receive Prosperity – Take inventory of your thoughts and feelings towardrepparttar 148602 way you receive prosperity. For instance, how well do you receive compliments? Do you tend to play them down or do you accept them with grace? If someone offers to pay you for a task you’ve performed, do you acceptrepparttar 148603 payment or do you turn it down? If a person tries to give you something, do you accept it? Do you volunteer for tasks that you won’t be paid for? All of these are indicators of your prosperity consciousness. Don’t be concerned about making judgments at this point, simply become more aware of what’s going on inside your mind. If you’re doingrepparttar 148604 affirmations and visualizations, you’ll know what to do whenrepparttar 148605 time comes. Middle Eastern mystics say that increasing awareness is all that is needed to gain knowledge.

4) Be Aware of How You Give Prosperity – Spiritual sages claim that in terms of prosperity,repparttar 148606 universe makes no distinction between giving and receiving. The important thing is maintainingrepparttar 148607 flow of prosperity and allowing it to bless more lives. Suppose you and two other people were inrepparttar 148608 same room and you had a dollar. Let’s say that you buy a pencil from one of them for that dollar who then uses it to purchase a notebook fromrepparttar 148609 third person. The third person then turns around and buys a hairbrush from you. You could’ve keptrepparttar 148610 dollar in your pocket, but instead that same dollar has blessed two other people with useful products and is now in your pocket anyway. This isrepparttar 148611 basis of a healthy economy – one in which there’s a healthy flow of products, services, and currencies. It whenrepparttar 148612 flow stops that we start to have problems. Incidentally, this isrepparttar 148613 same principal on which tithing to your church or donating a portion of your pay to charity lies. These charitable acts allow people to participate inrepparttar 148614 flow of prosperity and share it with others. There’s an old saying that states “give what you want more of”, so if you want more prosperity in your life, start giving more in return.

In order to build wealth successfully, we need to look inside ourselves first. We’re taught to define and then go after our goals, but it really doesn’t work quite that way. After we define our goals, we then need to concentrate on removing allrepparttar 148615 obstacles that block their path. So rather than going after these financial goals, we simply attract them to us by preparing ourselves to receive them through a strong sense of prosperity consciousness.

In Part 2 of this essay, we’ll talk about how we can manage money to boost our prosperity level.



Chuck Cox is a Technical Writer and Industrial Scientist by professional with a background in statistics. He has used mathematical and statistical methods to invest and trade in the stock, futures, and options markets. Chuck has owned various businesses and presently operates several websites. To investigate a new business idea, visit his website, http://www.earncashathometoday.com/


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