For more information visit Alshaya
“Trading as a Business” has always been a very good way to sum up my approach to trading. Every principle and idea in this book ultimately refers back to the
notion that trading ultimately is a business and should be approached as such.
In the final analysis, business is simply the effective management of cash flow. A successful business generates more cash than it consumes. This is the goal of trading as well.
For most businesses, the key to success is attracting and keeping competent people. Personnel issues can and should consume a significant amount of time
and effort, because a business really is only as good as its people. Trading for the most part eliminates this task, and also relieves us of the headaches and problems associated with managing employees.
Trading is a solitary endeavor. You will be freed from dealing with employees and the problems associated with managing employees, you will not be distracted by absenteeism, withholding taxes, EEOC rules and regulations, and disgruntled employee law suits. The only relationships you must manage are between you and
the markets, and between you and yourself. visit Kuwait showroom
Bill Williams used to say that trading is the ultimate psychotherapy. He was right. Trading will expose some of your most prominent personality quirks as you
attempt to trade your strategy. The more you learn about strategy trading, and the more you learn about yourself, the better a trader you will be.
Thinking of trading as a business has helped me enormously as a trader. It puts everything into perspective and helps me deal with my own psychological difficulties with trading execution. Once I stopped viewing trading as speculation,my trading improved. Once I realized that I was not going to get rich quick, that trading was not easy money, my trading improved. Once I realized that almost no businesses are successful overnight, my trading improved. Once I realized that Ihad to make an investment in the business, both in terms of my own educationand in equipment and working capital, my trading improved.
- Related Videos
- Related Articles
- Ask / Related Q&A
Outsourcing to India : The Offshore Advantage
By: Mark Thomas Walters | 24/12/2009An increasing amount of businesses are choosing to outsource for a wide range of reasons, for example, reduced costs, increased productivity, and more time to focus on core competencies. India has led the way in providing outsourcing solutions and has supplied an extensive range of outsourcing services to companies across the...
Property Investment and Bank Securities
By: Paul Easton | 24/12/2009All about Property Investment and Bank Securities
Online Profits Made Easy: Employ The Law Of attraction To make Money Online
By: John Terry | 24/12/2009Your life is benefitted from a positive approach and therefore you need to begin assuming the success of your online business enterprise. Constantly worrying about failing in online business can forbid you from moving ahead. You can therefore use the law of attraction to make money online that can increase your confidence level and can have you speeding towards a victorious online business career.
The 4 Most Common Business Card Printing Mistakes to Avoid
By: Hema Mahesh | 24/12/2009You probably dream of having business cards that will rival with those of firms like Microsoft and General Motors. But alas, financial constraints are holding you back. However, are you sure you are making the most out of your printing expenses? Too often, business cards fail to project the right image...
Tips on Printing Smart Professional Business Cards
By: Hema Mahesh | 24/12/2009Has it ever happened that you attended a networking event, met many new clients who you would like to do businesses with and then the next day, you could not remember who many of them were? Wouldn't it have been better if they had just given you their business cards? The...
Effective Ways To Market Your Business Through Postcards
By: Luie De Von | 24/12/2009For people who has not yet tried it before, here is an article that will help you advertise your business more effectively by using postcards.
A Successful Project Manager
By: CODANK WEB DESIGN | 24/12/2009In order to hire a great Project Manager, Human Resources must look at certain characteristics of the individuals they interview. Because this position requires a great deal of commitment, experience, and knowledge to successfully manage assigned projects, the candidate needs to be able to fulfill every obligation of the job.
Where Do You Access Arrest Records At No Cost To Lookup Someones History
By: James Nash | 24/12/2009As an manager of a company it’s more than important that you find arrest records of your employees and business partners, just for your safety and reputation of a company. So if you don’t want to deal with regulations and paperwork online databases are the right places for you.
Mass Transit Service
By: Sharon Greenslade | 27/02/2009 | TravelTransport or transportation is consequent from Latin word trans, meaning across, meaning to carry.
Limousine or Livery Service
By: Sharon Greenslade | 11/11/2008 | Rentals"Autocab" means a limousine. "Limousine" means and contain any automobile or motor car used in the business of moving passengers for appoint to offer agreed passenger transportation at a best fare on a devoted
Tendency in Denial of Service Attack Skills
By: Sharon Greenslade | 26/06/2008 | SecurityThe fixed intention and crash of DoS attacks is to stop or damage the lawful use of computer or network possessions.
Learn How Blockdos.net Cope Up With Ddos Attacks
By: Sharon Greenslade | 10/06/2008 | SecurityIn networks even on the internet, all systems have their limits. One way to make a system secure and survivable is to increase their limits or in other words strength.
Benchmarking Quality in Online Degree Programs Status and Prospects
By: Sharon Greenslade | 28/04/2008 | Online EducationThe number of online degree programs offered by universities, both within the United States and in other countries around the globe, has expanded remarkably from the year 2000 to 2005.
How to Make an Article Marketing Campaign Successful
By: Sharon Greenslade | 17/02/2008 | Article MarketingMarketing a website is pretty important for its success. A successful marketing campaign guarantees valuable increase in the amount of traffic to the site.