How To Start A Day Trading Business?-seven Steps To Day Trading Profit

Day trading, like any other business professions, needs serious education, quality planning, and plenty of practice. Numerous beginners enter the daytrading business each day in hope of making quick cash. But just a few of those who get properly educated, possess a good trading plan and self-control can survive and thrive in the business. Many of them make lots of money every day trading only for a couple of hours, and spend the remainder of their days freely with their family and friends, doing whatever they love to do.

But how to become a good day trader and make real money in the market? Let’s take a look at the idea:

Step 1. We need to give ourselves a thorough education on the financial market. We should find out what financial instruments can be found in the market, and what instruments go well with our day traders best. Next we need to familiarize ourselves with the various day trading strategies and try to find one that fits us the best. Search engines including Google and Yahoo are great places to find day trading courses and strategies. We'll need to carry out our in depth analysis and utilize our own judgment to find the right one that fits us most. We should also equip ourselves with the trading tools such as market research tools, realtime trading software, and find and sign-up with a trustful discount broker.

Step 2. Once we have determined our trading strategy, the next task is to write up a trading plan. Yes, we should put our trading plan in paper. Within this trading plan, we will outline our mission statement-what we wish to achieve in day trading? What are our short term and long-term objectives? Do we want to get a little extra income aside from our regular job, or will we wish to turn into financially independent by doing day trading? We will also want to prepare an in depth plan on our daily trading activities that include pre-market research, our entry and exit strategy, and our after-market groundwork.

Step 3. Set up an account for paper trading. Once we have written up our trading plan, we are set out to test the water by paper trading or carrying out trading simulation. This is very essential as we do not wish to risk our real money before we're comfortable with the game. There are lots of trading simulation software readily available for free on the market and we may also check out with our broker to see if they provide a real-time trading simulation platform. When doing simulation, attempt to consider ourselves as trading with our real money and act according to our trading plans.

Step 4. Set a daily limit, both for profit and for loss. After we have built up self-confidence in day trading, we try to trade once or twice a week with real money. It is very important set a daily limit for both profit and loss. For example, we can set a daily profit target at $200, and a loss limit of $100. Once we have reached either limit, we should stop trading. Turn off your computer, go out and take a walk or have a cup of tea. Never over-trade.

Step 5. Have a good money management system in place. Before we enter each trade, we ought to evaluate our worst case scenario. How much money we can afford to lose in each trade we enter if we happen to lose in every single trade we made for the day? Knowing our maximum affordable loss for each trade is important as we will deliberately limit our size of entry and set up our stop loss even before our trade. This can prevent us from losing big and keep us in the game.

Step 6. Fix our emotion issues through writing trade logs. For day traders, keeping our emotions in check is a big challenge and need much disciple and exercise. Every day, we may be distracted by numerous emotions such as fear, pride, ego, etc. These emotions may prevent us from following our trading plans and eventually deteriorate our confidence. An effective way to fix this issue is to write trade logs regularly on a daily basis. When writing logs, we will analyze each trading action and record the actual logic or emotion behind trade. When we see ourselves fall in the trap of emotions, we will remind ourselves not to make the same mistake the next time. By practicing this plenty of time, we will train our mind to follow the logic and keep our emotions in check.

Step 7. Reward ourselves when we abide by our rules. Whenever we follow our strategy or trading plan to the letter, regardless of a winning or a losing trade, we need to give ourselves a big pat on the back, because we have conquered our emotions and made a big leap toward day trading success and financial freedom. When we have achieved our short term target, we should not forget to reward ourselves for the hard work and achievement. Be it a trip to Las Vegas or a cool iPad, put this in our trading plan as it will motivate us to achieve our goal. In the end, we deserve it anyway.
Lizzie Liang is a full time day trader. If you want to know more about this topic, you should really check out her blog at www.daytradingbusiness.net.

Geoffrey Chaucer. The Canterbury Tales. The Wife Of Bath's Tale

An housbonde I wol have, I wol nat lette,
Which shal be bothe my dettour and my thral (154-5)

She uses her tale to extend this idea from being a personal preference, and a maxim to be followed by 'every womman that is wys' (524) to a universal truth. The knight of her tale is set the task of finding:

What thing is it that wommen moost desiren. (905)

When he gives his answer to a supreme court of women, headed by the queen, there is no disagreement at all:

Wommen desiren to have sovereinetee
As wel over hir housbond as hir love,
And for to been in maistrie him above. (1038-40)

In al the court ne was ther wyf, ne maide,
Ne widwe, that contraried that he saide, (1043-4)

The fact that the knight's life is in the hands of the queen rather than the king is in itself a sign that the tale is a product of The Wife's imagination. King Arthur has condemned the knight to death, according to the law of the land, and yet in response to the pleas of the queen and other women,

. . . yaf him to the queene, al at hir wille,
To chese wheither she wolde him save or spille (897-8)

Thus even The King of England is subject to his wife.

The Wife uses her tale as a vehicle for her own views, and often she leaves the tale altogether and resumes the self-centred theme and colloquial style of her prologue. She lists all the alternative answers the knight received to his question, the list including everything which, in her prologue, she has shown that she demands from a marriage as well as 'sovereinetee'.

Somme seyde wommen loven best richesse,
Somme seyde honour, somme seyde jolinesse
Somme riche array, somme seyden lust abedde,
And oftetime to be widwe and wedde. (925-8)
. . .
And somme seyen that we loven best
For to be free, and do right as us lest, (935-6)

Her inclusion of herself with 'we', and the unusual inclusion of 'oftetime to be widwe and wedde' make it clear that this is The Wife's own interpolation, beyond the requirements of the tale.

The Wife digresses from her tale after the first half dozen or so lines to air her views on another subject close to her heart, 'limitours and othere hooly freres' (866). Her grievances against the church are many. The church's solemn repressive attitude towards sex, and most other forms of enjoyment, conflict strongly with her robust hedonism. In the prologue she exclaims

Allas, allas, that evere love was sinne! (614)

The church was also responsible for the dissemination of anti-feminist literature and attitudes, and here The Wife, an arch-feminist, is in direct conflict.

For trusteth wel, it is an impossible
That any clerk wol speke good of wives, (688-9)

If we turn to the character of the Loathly Lady of The Wife's tale, we find some differences between her and The Wife, and some similarities. The main characteristic they have in common is the wish to dominate their husbands. There is also a marked similarity in their tactics for achieving this goal. Both make their husbands suffer, and both use the persuasive techniques of argument. Both also draw upon authorities in support of their arguments; The Wife from The Bible, Ovid, and many others, and The Loathly Lady from Dante and Seneca.

Just as, in the prologue, The Wife puts up the husband's assumed complaints against her, putting him in the wrong, and knocking his arguments down one by one, so the Loathly Lady puts up the knight's objections.

Thou art so loothly, and so oold also,
And therto comen of so lough a kinde (1100-1)

She adds the fault of being poor, not even mentioned by the knight, and by pseudo-logic presents the faults as virtues. Both women succeed in gaining the submission of their partners for the same reason - the husbands are so frustrated and exasperated that they give in to get some peace.

The chief difference in the approach of the two wives is that whereas The Wife argues almost entirely on personal grounds, The Loathly Lady argues on the more objective and moralistic grounds of living up to the claim of 'Nobility', the true source of which was a much discussed subject in the middle ages. On one level we can assume that Chaucer has introduced this theme for the edification of his audience, but it is also likely that The Wife has included this serious subject in order to comply with The Host's original request in The General Prologue for,

Tales of best sentence and moost solaas (800).

In her prologue The Wife demonstrates herself to be an intelligent woman, and good at dissembling. At the funeral of her fourth husband, for example, she acts the part of the grieving widow, so she would undoubtedly be able to act out the serious tone necessary for the Loathly Lady's 'Nobility' argument. Putting herself in the role of The Loathly Lady also serves The Wife's purpose of championing the cause of women, in that to subjugate a knight and prove him to be ignoble would be a greater achievement than the real life subjugation of her first three elderly, feeble, husbands, and it is achieved by a more acceptable means than her childish deceitful attack on Jankin. In this way, and in the final transformation of The Loathly Lady into a beautiful young woman, the tale can be seen as a wish-fulfilment on the part of The Wife.

Thus The Wife's tale is more than appropriate to the prologue; it is essential that we know the character of The Wife through her prologue before we can fully make sense of the tale.

Bibliography

Chaucer, Geoffrey. The Wife of Bath's Prologue and Tale. Ed. James Winny. Cambridge University Press. 1965.

Chaucer, Geoffrey. The General Prologue to the Canterbury Tales. Ed. James Winny. Cambridge University Press. 1965.
Ian Mackean runs English Literature Resources & Essays, (where his site on Short Story Writing can also be found), and Books Made Into Movies.com. He is editor of 'The Essentials of Literature in English post-1914'. He is also a keen amateur photographer and has made a site of his photography at Photo-zen.com photography

How To Give An Outstanding Acceptance Speech: 7 Presentation Secrets Learned From The Academy Awards

Will you be ready when it is your time to give an acceptance speech?

The following are seven presentation secrets to giving an outstanding acceptance speech in any situation:

1. Prepare For the Moment – You may have heard the Oscar winners say, “I really didn’t think I would win,” or “I really didn’t think I would be standing here tonight,” and then give an acceptance speech like they didn’t think they would win. Well, my question is, “Why did you think you were invited to this gala event?”

Most likely, you will know ahead of time that you will be possibly winning an award, so take the time to prepare your presentation. Practice your speech using a tape recorder or, better yet, a video camcorder. Also, if you can, give a dress rehearsal of your speech in front of friends, family, or colleagues.

2. Agree Who Will Give the Speech - Time and time during the Academy Awards Ceremony, the first person to the microphone will speak for the full thirty second time limit and not allow the other winners in the group (many seen clutching their own acceptance speech notes) the opportunity to give their acceptance speeches. Where this moment should be one of the happiest moments in their lives, you can see the disappointment on the faces of the winners who didn’t have the opportunity to speak.

When you are working as a team on a project and are receiving an award, agree in advance who the acceptance speaker will be. This might be the team leader, the manager, vice president, etc., but work this out before giving the speech.

If you decide on one person to give the speech, then you need to decide on who will be recognized during the time this person gives the presentation. Also, when speaking for the group, make sure the “I’s” are changed to “We’s.” For example, when speaking for the group say, “We would like to acknowledge the following people…” instead of saying, “I would like to acknowledge the following people…” Remember, the designated speaker is representing the group.

If decision is to have several team members speak, achieve consensus on how much time each person will have to speak so that each person has an equal opportunity to express appreciation.

3. Use Notes to Enhance Your Presentation – At the Academy Awards Ceremony, one person read his entire speech from his notes, not once looking at the audience. What he had to say was very heartfelt and sincere; however, his sincerity didn’t translate to the audience because his notes were in the way.
When giving an acceptance speech, use notes as a tool to enhance your presentation and not as a crutch. Only use notes for remembering the opening sentence, important names to thanks, or whatever facts you need to mention. Don’t have the entire speech on notes.

The following are some quick tips for working with notes:

* Practice with your notes so that your speech is natural.
* Type your notes. In the heat of the moment and sometimes bad lighting, our eyesight can become a little challenged. Type your notes in 16-18 point fonts.
* Double space your sentences so that you can easily read your notes.
* Type only on the top half of a full page so that you are less likely to lose your place after looking up at the audience.
* Look up at the audience after every two or three sentences to maintain rapport with the audience.
* Number your notes in case they fall and become scrambled so that you can quickly recover.
* Practice a smooth transition for pulling your notes out of your pocket or portfolio.
* Don’t flip your notes because the flipping noise will cause a distraction for your audience. Practice sliding your notes.

4. Share the Wealth – How many times have we seen at the Academy Awards ceremony where some persons went on about how they personally achieved the reward or, worst yet, forgot to acknowledge the most important person for whom they would not have achieved the award (Remember Hillary Swank not remembering to thank her husband?).

Take the time to give appreciation to the organization giving you the award and to those who helped you achieve the award. No person is an island. You achieved the goal through the help of someone(s), so acknowledge and appreciate them. To save time, if it is a few people, acknowledge them by name. If it is a large group of people, department, or organization, mention the group by name. For example, you might say, “I would like to acknowledge the people in marketing for their hard work on the Peterson project for making this moment happen. If it were not for their time and effort, we would not have won the XYZ account. Thank you.”

Also, only thank the necessary people during your acceptance speech. Don’t thank Guttenberg for inviting the printing press if he has nothing to do with why you accomplished your achievement. Stay focused on only those people who had a direct effect on your achievement.

5. Let Sincerity Flow Through Your Speech – Let your appreciations come from the heart. Briefly convey your own feelings regarding your appreciation of the award and all that it represents. Be honest and don’t over exaggerate your feelings while accepting the award.

Be clear and concise in your showing of appreciation because you will most likely be under time constraints.

6. Value the Award – Many times during the Academy Awards Ceremony, you will hear the winner of an award say, “I really don’t deserve this award,” or “I really shouldn’t be standing here.” When you make statements like that, you devalue the award and recognition given to you. Also you question the judgment of the people who chose you to accept the award. Simply acknowledge their judgment and recognition and continue your speech.
7. Stay Within the Time – At the Academy Awards, the Oscar winners have thirty seconds before the band starts playing the “wrap it up” music. In many cases, the winner attempts to speak over the music. Between the band and the Oscar recipient, who do you think wins? Of course, it is the band. As soon as the band starts playing the music, the audience stops listening to the recipient.

Many times when you are given an award during a meeting, conference, etc., you are also under time restrictions. In most cases, you will have longer than thirty seconds. Take the time to ask the person in charge of the meeting how much time you have for your speech. Also, make it a habit to look at the agenda ahead of time to see how much time you have been allotted. It may be only three minutes, 10 minutes, or 30 minutes, but find out ahead of time. By finding out ahead of time and staying within the time given to you, you show respect to your audience, the people in charge of the meeting, and most of all yourself. Once you go over the time allotted, you can see the audience members start looking at their watches and stop listening to your important speech.

Note: If you can’t find out ahead of time how much time you have to make your speech, assume you have very limited time and keep you comments brief.

Take the time to apply these seven acceptance speech secrets and you will give an outstanding presentation each and every time you receive an award.
Ed Sykes is a highly sought after expert, author, professional speaker, and success coach in the areas of leadership, motivation, customer service, and team building. You can e-mail him at mailto:esykes@thesykesgrp.com, or call him at (757) 427-7032. Go to his web site, www.thesykesgrp.com , and signup for the newsletter, OnPoint, and receive his free motivation and customer service ebooks.