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March 21, 2008

Successfully Trading E-mini Futures

Filed under: Business Development, Money Management — Tags: Business, Coaching, Investing, Marketing, Mentoring, trading — editor @ 10:56 am

For those unfamiliar with futures, E-mini contracts are electronically traded futures contract on the Chicago Mercantile Exchange that represents a portion of the normal futures contracts. E-mini contracts are available on a wide range of indices such as the Nasdaq 100, S&P 500, S&P MidCap 400 and Russell 2000.

The E-mini S&P 500 futures contract is one-fifth the size of the standard S&P 500 futures contract. Trading E-mini contracts offers liquidity, affordability for individual investors, and around-the-clock trading.

Trading the E-mini futures market has the appeal of a lifestyle business. Be your own boss, have no employees, be free to work your own hours, run your business from anywhere, and earn potentially very good income.

But there is a lot of work required. You need to learn and hone your market analysis, recognize a potential trade, set your strike price and stop losses.

And it’s not without risk of loss and anxiety. The market has its own mind, vagaries, and upsets. You base your analysis on lagging indicators, past history, and future expectations. What if your numbers are bad, incomplete, or pure speculation?

You could decide to hold off trading, go over your analysis again looking for mistakes, research different numbers, wait for more reports. Maybe if you slept on it and see what the market does the next day, then things will confirm or disprove your technical analysis.

But tomorrow brings the same doubts, more information, more data, different variables, different risks, and less knowledge. Your confidence fades and your trading account balance dwindles.

Well there is a solution to this common problem. It’s a system that guides you regardless of emotions, hesitation, and lack of confidence or experience.

This is what you need to trade the E-mini futures market.

  1. Decide that trading is a business like any other.It is not a hobby, a fling, a gamble, but a long-term strategy with rules. Results come with planning, persistence, patience and time. You must be unemotional, stick to the plan, and have capital you can afford to lose. Be willing to test different approaches, learn from your mistakes, and you’ll increase your chances of success.
  2. Don’t try to predict where the market is going.Base your observations on reality. There are no secret formulas or graphing techniques that can consistently forecast where the market is going to be. Sure bets based on predictions are a delusion. The only sure thing that indicates the accuracy of your trades is the balance of your account. You will get your trades right some of the time and wrong some of the time. A coin toss will get you half right half wrong just like a stopped clock is exactly right twice a day. These type of results can give you false confidence and mediocre results at best. Worse, you’ll swear by a faulty assumption until you are broke. An inconsistent approach can lead to inconclusive results and not provide a learning experience.
  3. Learn how to trade from a mentor, coach or guide.Find someone who is prepared to teach you until you understand the process, become proficient, and make money on your own. You must think and act like any other competent business person in order to succeed at trading long-term.
    Study and learn your trade by taking courses, develop a business plan, and have sufficient capital to ride out your learning curve on the way to becoming a successful trader. Of course theory can take you only so far. You will need practical, hands-on, real world trading too.
    But learning by trial and error from scratch can be a very expensive way compared to finding a coach to guide you until you are ready.
    You can learn how to trade E-mini contracts much more quickly by having a professional watch over your shoulder and guide your trades. You can’t learn everything from only books and courses. You need to do it. Find somebody who is prepared to coach and mentor you and your chances of becoming a successful E-mini trader will be a lot higher.

As an E-mini trader there are many things to keep an eye on when trading. However there are some simple steps to successful E-mini trading that will let many things take care of themselves.

FuturesTradingCoach

If you join The Futures Trading Coach program you will be taught all the steps needed to trade the E-mini futures market. Let a professional trading master lead you through the learning process and actual trading steps that you need to know to successfully trade E-minis.

To find out more, here is a free 5-day mini course called ‘The Futures Trading Mastery Course‘ which shows how to become a professional E-mini trader, written by E-mini Trading Coach Sam Goldberg.

Click Futures Trading Coach Free Mini Course for a free copy.

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February 22, 2008

Are you an Internet Entrepreneur?

Filed under: Internet Marketing — Tags: Attitude, Business, Coaching, Marketing, Mentoring — editor @ 7:18 pm

by Joe Grushkin
Copyright (c) 2008 Onward & Upward Marketing, LLC

In the movie, A Few Good Men, Jack Nicholson’s character screamed the infamous line… “You want the truth?… You can’t handle the truth!” and I feel the same way while writing on this topic, because most people can’t handle the truth. money-over-the-rainbow Photo by TW Collins

The Truth being, “Anyone who can send an e-mail, has the ability to be an Internet Entrepreneur!” However, many people start out not believing that statement… because, they can’t handle the truth!.

They may have had predetermined ideas of what an INTERNET ENTREPRENEUR is, does or has to do and they discount themselves without even looking into it, while others, automatically decide they are too old, too busy (or too something) to even think about learning something new. The worst part is, when people think “it’s too good to be true”…just because it’s not the norm.

The old dog new trick theory is set aside when people find out how easy it is to become an Internet Entrepreneur. There are many resources to assist you in building an online business and examples of how much money can be made right from the computer you are reading this on.

So… Joe, what does it take to be an Internet Entrepreneur you ask…? Fair question!

Have a Burning Desire… No matter what you decide to do in life, Desire is a core component of success. If you want to do anything, there has to be a “why” behind your plan, otherwise it will run out of steam with the first gust of “the winds of change”…

You gotta have goals… The great motivational speaker, Zig Ziglar, is famous for the phase… You gotta have goals! He would repeat it over and over in his seminars and audio series…to the point where you realize… you gotta have goals!

Specific, clear, definitive and in written goals stating exactly what it is that you want to accomplish, seems to be the common denominators of the process.

Once you have a clear vision of your goal(s), things happen (somewhat magically) to bring your goal to fruition. Call it the Law of Attraction, call it focus, energy and attention, call it what you want… there is no denying that a person with a burning desire and goals can accomplish anything!

Find a Mentor or a Coach… This is so important, A good mentor is going to assist you in developing your desires and goals. A Mentor or Coach is someone with experience in similar situations and who has some kind of knowledge you may lack or has been educated by the experiences, successes and/or mistakes of others. They have succeeded in business and life and are looking to assist others to success. A mentor is passionate about you, your business and your future, and has you in their thoughts even when you’re not on their “clock”.

In the online world, there are countless people, books, programs, documents and seminars (both on and off line) which all profess their ability to coach you to success. It is important for you to develop a keen eye for what is real and what is “sales speak” (…you know, commentary to get your dollars from your pocket to theirs). One way to do this, is to find a coach with online experience. This way you have a sounding board to assist you in evaluating the multitude of offers you will see coming your way.

I know in my own coaching practice, my clients (in many different industries, of which I have never worked) have seen their businesses transform, their horizons expanded and their futures become brighter from the conversations and pursuant confidence that comes from our ongoing sessions.

Pay for your Education… Education is expensive, time consuming and cumbersome but invaluable, because once you have it, it’s yours forever. Most people find working on the Internet is much easier than they originally thought! There are millions of sites to advertise on, countless resources to answer your questions and programs to make your learning curve much faster.

Developing skills, education and experience as an Internet Entrepreneur doesn’t come without making an investment of time, money and focus. Let’s address those 3 areas now…

Time: If your business requires you to interact with people, demonstrate product or attend meetings, then you need to commit more time to it and you are limited to 9am to 5pm or acceptable business hours (i.e. 7-10 pm).

Thank goodness the Internet is open 24/7 and can be accessed when I want to work… I find that an hour or two a day will get most projects done…depending on the scope of the project.

Money: Being an Internet Entrepreneur means you have your own business. As such, it takes capitol to run a business. Some people will take out loans, others will use credit cards and some will use savings. 74% of all small businesses are self funded by the owners with personal savings or credit lines (or credit cards).

Many people look to traditional businesses like franchising or “brick and mortar” retail formats to start a business. Today, even owners of traditional businesses are gravitating over to the Internet… Doctors, Lawyers, Executives, Realtors and more are all moving to work online…. The main reasons are; lower cost of entry, no employees, lower overhead, ease of access, no inventory or shipping and fewer headaches in general.

Another alluring part of being an Internet Entrepreneur is the aspiration of residual income. This is money that continues to come in, without any additional effort on your part, this is how freedom is obtained.

When you are looking at any business model, make sure that the system is able to be done by anyone! Essentially this is how I found the income I enjoy and the freedom I was looking for.

Focus: It has been said by many, “you can’t serve 2 masters”, and in most traditional business, that is correct. A traditional business needs 100% of your focus and energy to succeed.

My philosophy has changed as a result of becoming an Internet Entrepreneur. Now, I “focus on life” and my business should be what pays for it…not visa versa. For over 25 years, my focus was on business. Recruiting, training, managing, building, convincing and stressing over the next conquest, life was what happened around the business and sometimes got it the way…

Now, my focus is on living it to it’s fullest, enjoying family and friends and connecting with people on a real level (not with the intent of recruiting them into a business opportunity) but to brighten their day, learn something about them and myself at the same time… to completely enjoy my freedom and assist others in doing the same…

Understanding Risk vs. Reward… An entrepreneur is someone who takes risks”… Actually, a risk taker is someone who plays the lottery, visit a casino or eats food from a can without a label on it. An entrepreneur makes qualified decisions in business, has the ability to influence those decisions with their actions, can react to situations that arise and has the knowledge and experiences to have an expectation of a specific outcome.

As an Internet Entrepreneur, I feel I have total control of every aspect of my business, my life and my future. I will never have to answer to corporate down sizing, changes in management or economic adjustments. As long as I stay connected to my Desires, Goals, Coaches and Mentors and give my businesses the Time, Money and Focus they deserve, I will always be profitable and successful.

The Rewards far out weight the risks, for the Internet Entrepreneur. To know that for a minimal investment, low overhead and to have total control of what your do and how you do it, given the proper system that will automate the processes for you, anyone can be in Internet Entrepreneur!

If you feel this way about yourself (even if it’s down deep inside you waiting to come out…) then, YOU ARE an Internet Entrepreneur! The way to start is to decide and accept that you are an Internet Entrepreneur, and go for it… As Napoleon Hill said in his book, Think and Grow Rich, “what a man can conceive, he will achieve”. Once you believe it, the rest will simply fall into place.

I wish you the best of success, happiness and profits as you embark on your journey, whatever path you follow.

~ This article is an unabridged version of a free e-book~

About the Author

To find out more about Joe’s online business venture visit http://www.thousanddollarprofits.com/62482 To findout more about video e-mail, visit http://www.helloworld.com/joegrushkin > studio tour For more information about Joe Grushkin visit http://www.JoeGrushkin.com Contact info: joegrushkin@optonline.net – phone 203.557.3670 (est)

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January 30, 2008

Why is Coaching Critical?

Filed under: Business Development — Tags: Coaching, Mentoring — editor @ 1:49 pm

By Bryant Nielson

Coaching personal mentoring

The ASTD (American Society for Training & Development) reports that over 75% of executives surveyed target personal mentoring as one of the key factors in their business successes. Business Finance Magazine reports that 77% of companies credited mentoring with increasing employee retention and performance.

Both coaching and mentoring require the use of a host of tools and techniques that help the two persons involved sharpen their focus and move more effectively toward their goals. Such tools can be obtained from various resources including books, training programs, conferences, and online courses.

Two of the fastest growing ways to develop employees is with coaching and mentoring. Both coaching and mentoring are becoming industries unto themself, with tens of thousands of people hiring of trainers in the past few years. Who can be a coach/trainer? And why are so many organizations introducing mentoring programs? These are some of the important questions surrounding this relatively new field.

The advantages of coaching, as a developmental process, is that it provides the opportunity for one-on-one training, guiding, instructing, observing, modeling, evaluating performance, and providing corrective action. All of this can be done on the web, in classroom or seminar settings and even by phone.

Coaching occurs through regular sessions as the person is performing and applying the principles and ideas discussed in the coaching sessions, with immediate feedback from the coach.

At work, coaching can be provided by a consultant, a training professional specializing in coaching, or the person’s own supervisor if versed in coaching techniques and equipped with its tools.

In mentoring, the emphasis is not on providing specific performance skills, but on guiding the mentee to move continuously in the right direction toward the goal of reaching higher challenges and accomplishments.

Copyright 2007 Bryant Nielson. All Rights Reserved. Bryant Nielson – Managing Director and National Sales Trainer – assists executives, business owners, and top performing sales executives in taking the leap from the ordinary to extraordinary. Bryant is a trainer, business & leadership coach, and strategic planner for sales organizations.Bryant’s 27 year business career has been based on his results-oriented style of empowering. Subscribe to his monthly ezine – Lengthen Your Stride! ™ – and learn the legendary secrets of top business achievers at: http://www.BryantNielson.com Article Source: http://EzineArt
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December 26, 2007

How Do Coaching and Mentoring Differ?

Filed under: General — Tags: Coaching, Mentoring — editor @ 2:43 pm

Some people have wondered and asked “how do coaching and mentoring differ“, so we will attempt to describe some of the similarities and some of the differences.

Many times the words are used interchangeably, but here we want to focus on the subtle things of how coaching and mentoring differ.

First of all we will describe the words coaching and mentoring individually and then consider how coaching and mentoring differ from each other.

Coaching:

  • observation with advice and/or suggestions
  • knowledge passed on by “do this”
  • advice is based more on consensus thinking
  • action is more by telling, less by showing

Mentoring:

  • involvement with consultation
  • knowledge passed on by “watch this”
  • advice based more on experience
  • action is more by showing, not telling

These are just very short lists of very complex occupations and fields of study. But one can see how coaching and mentoring differ in some fairly obvious ways.

For a visualization one can think of coaching as in the role of a tutor, teacher or sports coach. He dictates actions, training, moves, demands and is quick to criticize. The coach is always in charge and is the leader.

One can imagine a mentor in the role of a guru, wise man, or elder. He waits for questions, answers with metaphor, explains with stories, and listens with empathy. This can also describe the mentee, or recipient. Their roles can reverse.

These descriptions may be the essence of how do coaching and mentoring differ.

On a broader level there may be many similarities. Coaches and mentors may be equally involved for their own self interest and improvement, but the teacher and coach may have more interest in being compensated by money, while the mentor may be more interested in being compensated by knowledge and emotional satisfaction.

In both roles there may be similarity in age or a wide discrepancy. Coaches tend to cajole younger, inexperienced people. Mentors tend to reciprocate at higher levels of experience between old and young, or equal age.

Hopefully this has helped explain and answer the question of “How do Coaching and Mentoring differ”.

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December 18, 2007

Personal Coaching and Mentoring Programs

Filed under: General — Tags: Coaching, Mentoring — editor @ 3:54 pm

Online learning programs provide a valuable means of training, home study, and insider information on a variety on topics. Personal coaching, mentoring, and how-to programs are offered here for your selection. Course content is presented in phased lessons and with expert mentors.


The topics included here are difficult to find information on elsewhere, or have not been addressed with current teaching methods. These class lessons are presented comprehensively and incrementally using multiple media. The mentored and coaching instruction method provides more in-depth and step-by-step learning, which is easily assimilated as it progresses through a structured plan. Expert help is offered by most of these programs’ teachers to assist you in your learning process. The categories of programs presented here are:

For updated information you may also subscribe to our mentoring and coaching newsletter, which we will email you periodically concerning recent updates. Or you can subscribe to the RSS Feed.

We are continually searching for the best candidates in many fields of interest for your benefit. If you have a request for a mentored or coaching program that is not listed yet, please contact us.

If you provide a subscription mentoring program, or have an experience or review of a program, please submit reviews here.

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