INVEST, BE WRONG, AND MAKE MONEY IN THE STOCK MARKETWritten by AL THOMAS
INVEST, BE WRONG, AND MAKE MONEY IN THE STOCK MARKET by AL THOMAS I have been trading for several decadesand was an exchange member and floor trader for 17 years. You learn fast there or you go broke in a hurry. As you can see I managed to hold my own for a few years until I found secret and started to become a successful trader. Every professional trader I know knows one great secret and that is to keep your losses small. We all learned that when we took a position – either long or short – that we better be able to jump out if trade was not going our way. Many of my friends were scalpers. That means they were trading for just a few ticks and every night went home flat. Flat is no positions at all. Others, myself included, took a longer look and planned to hold a position for a period of time. That could be several days or weeks. If you were right longer you held on more money you would make. The general public seems think that exchange members know everything and always made money.Tain’t so. Many traders were wrong more than 50% of time. Huh? Yes, fifty percent. My account had losses 40% of time and 20% were scratch trades (neither winners nor losers). You ask, “If you are out of money 60% of your trades how can you make money?” This is what every professional knows: Keep your losses
| | Financial Aid - when should I apply for? Written by Vanessa McHooley
Financial Aid - when should I apply for? Many different types of financial aid are available to you in form of scholarships, grants, and loans. With billions of dollars at stake, it is important to begin search process early and to apply on time. Follow these guidelines for applying for financial aid: Three to four years before you plan to begin college… -Review your high school coursework and activities. Colleges will look for challenging coursework, a good grade point average, and extracurricular activities such as sports, volunteer work, and community involvement. -Take Preliminary Scholastic Aptitude Test (PSAT) to prepare for standardized tests (SAT and ACT) that you’ll take later. If you do well on PSAT, you may be eligible to receive a National Merit Scholarship. Two years before you plan to begin college… -Begin researching your financial aid options by talking to your career counselor and researching grants and scholarships through books and internet -Start planning to take SAT and/or ACT exams, depending on what is required by your college. -During your college visits, meet with a Financial Aid Officer to find out what types of aid are available. As soon as possible after January 1 of year in which you start college… -Contact Financial Aid Offices at colleges of your choice for deadlines and additional documents they require -Complete Free Application for Federal Student Aid (FAFSA). Available at www.fafsa.ed.gov, this form is your key to most financial aid, and to all Federal and state grants and loans. When you complete your FAFSA, be sure to list all schools you’re interested in attending (up to six), even if you haven’t yet been accepted. Be sure to keep copies of all of forms you submit.
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