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Posts Tagged ‘Habits’

graphs based on time (ie candlesticks, OHLC Bars and Heikin-Ashi) fail to truly represent prices. Â This article will help you realize that pattern recognition based on time is an unreliable method for trading equity options. Some training companies such as retail to popularize the myth that, â???? Everybody looks at these models in the ????. Chartsa A They are partly right. Â Well, the use of a warrant???? Everyone???? applies to retailers out of the soil, which collectively account for only ~ 15% at most, in some cases even less, the total volume traded on exchanges, according to which the exchange is. This raises the question: What are the eyes of those on the ground motion 80 +% of volume traded in the research? Â Some of you have visited the trade organized through your broker. Â If youâ???? I picked up the paper scattered on the ground, all youâ???? He is quick to find mathematical notation: addition, subtraction, division and multiplication. Nothing more. A No drawings of a Doji Tri-Star, or Stove Liner Tops Bottoms. Â It is logical, because everything is in front of floor traders are screens with data on price and price alone. Â With truckloads of calls and puts on its cover, floor traders do not care how many times during the day, the price touched the tail of a dragon fly doji. Â theyâ???? Have already planned in advance to get over, or offload their stocks of calls / puts at a strike specific for a given price. As a negotiator of retail options, trade for less than 10 contracts per trade, you are not exempt from tuning your eyes to focus solely on price. Â How can you simulate observation of the prices only off-the-floor, if you delete the use of candlesticks, OHLC Bars and graphics Heikin-Ashi? Use Point and Figure charts instead. Why is it valid to use only the Point & Figure for mapping options trading? It is the only method that plots a single type of information???? price alone, without a moment???? price data element is needed on a distribution curve. Â The distribution curve similar to that used in the Bjerksund-Stensland, Black-Scholes or binomial pricing models in your platform options trading. What other methods of mapping as candelabra and Bars OHLC? Â Letâ???? S take the Doji, a candlestick well known, for example. Â The Doji is characterized by ATI???? S open and close the same price, the top is a different price at the bottom. Â memory with a distribution curve, it saves money on the horizontal axis and frequency on the vertical axis. Â To map the doji on the relevant axis of the distribution curve, it must be returned to his side, the doji???? S price aligned to the vertical axis. A home, a price that closes the opening at the same price, is recorded as the price of 2 points with twice the frequency of high and low. Â With a distribution curve, you can not let the lines joining points of the doji on the graph. Â All that is mapped is 4 points representing the doji???? S price. Take the lines connecting the points. One question: Where???? S doji? No longer relevant. same logic applies to any chandelier (top, hammer, etc..) Â chandeliers lose their characteristics, once they are matched with a distribution curve. Â The implication is the same method used to count OHLC fractals in waves and waves of Elliot showing when the price is mapped into its mode of dispersal, the waves lose their characteristics. To view this issue with graphics based on time, watch the video on Why Time-Based Graphics (Bar / Candlestick / Heikin Ashi, etc.) lose their character when applied to a distribution curve. Is there a need to reconcile with a method of mapping the distribution curve? Yes, 68% is equal to one standard deviation (?). Â ????/+ 1? defines the parameters for the probabilities, which you construct an option spread it around to test whether the strike will be affected or not affected from the release date is filled to its expiration date. Keep in mind, change the time in the charts based on time whatsoever candlesticks, Heikin-Ashi OHLC minute / hour / day / week to reconcile opposing tendencies in a period of time against another does nothing to help you develop the Theta decay in the range of flow, or positive as the Theta Premium sold in a line of credit. Â The only unit of time required to supply a theoretical pricing model is the date of expiration, in turn affect the probability per day for the number of days passes. Â As the time units in the graphs based on time have no value in the theory of price of an option, it makes no sense to use them. So what are the cards in time (candlesticks, OHLC Bars and Heikin-Ashi) useful? They are useful for the trade itself underlying. Â When you trade the same underlying share to deal with + / - Delta (directional risk), all other Greeks (Gamma, Theta and Vega) are equal to zero. Â cards based on time are relevant for negotiation deep ITM options as a substitute product for trading purely directional the same underlying. Do keep in mind with options, the deeper you go the IMT plus bid-ask spread becomes narrower compared with the Bid-Ask spread differences ATM or OTM strikes. Â Do you have enough capital in the account to continue its activities in ITM strikes only? Â This is why many retailers with sizes account below U.S. $ 25K to seek to increase the cheapest products, for E. g. $ 20 and below, in their search for ITM strikes that are affordable for them to trade using Candlestick / OHLC / maps Heikin-Ashi. A by virtue of being cheaper, these products often suffer from illiquid interest open their strikes, which drives you competitive prices for a fill, to give rise to price / performance nonprofit poor. Â The other extreme is to spend more on strikes ITM product at higher price, eg $ 100 or more, you have found a candidate to trade using â???? Special???? model scanning software, only for violation of the financial rule of 2% -5% per trade, while filling the order. Is there an example of a portfolio with wins and losses limited coherent applies Point & Figure method without the use of candlesticks / Ashi OHLC / Heikin? Yes. Â Follow the link below, entitled â???? According Resultsâ???? Tradera option for a model of retail???? portfolio that uses only high technology and face. Â other than trading stock options, the portfolio includes option trades of asset classes other than capital. The light is needed to see, but the illumination of negotiation will not come from a chandelier. And starting in fractal waves only serves to oscillate your students.

I always thought there is only one formula for making money. It is hard work and the end of each month, you receive your paycheck. Growing up in a farming family, I saw what hard work really means. I had to get up early, go to the farm, plant or harvest the rice until the sun sets in. When you go home after a long day of work, sore muscles said. It is hard work. I learned from my parents that if you want to have money, you must work for it. Often, I went with my mother to harvest tobacco leaves of a nearby town, and then pay it to me how much I was able to harvest. This has always been my training in terms of making money. This was my first money habit - work to earn.

When I was in college, I really want to help my parents to finance my studies. I was fortunate to have received a full scholarship, so that took care of the school. Even then, make money from a distant province, and spending in the most expensive city in the country is not an easy task. It’s a tough walk up like a down escalator. So in my own small way, I also tried to make money using students as an assistant to one of the projects of universities. It does not pay much because it is a government project, but enough to pay part of my daily expenses and to develop my confidence.

After graduating, I immediately started working as a mainframe programmer for a multinational IT. The offer was so I’m close to 16,000 pesos, which was so BIG money for someone who is fresh from college and who have little experience. I worked very hard and has the chance to be promoted almost every year.

As my salary has increased my appetite for consumption has also increased. I bought a refrigerator, a washing machine, gas stove, shoes, etc., all at once, even if I did not have the money to pay. I used my new credit card! Then I began to accumulate debt. The “easy” monthly payments never live up to its promise. No monthly payment was easy, especially when you have only your paycheck to count. As my debt apparently increased every month, I also had to worry about paying my monthly house rent, groceries, eating out with friends, and more. There was a time I was so much money I even had to make the cash advance “on my credit card. As some of you know, you have to pay a hefty “tax” to make a cash advance. It is up to the amount of money you actually have “advanced”. My already high debt, even more swollen! I was so ashamed of having to make the cash advance, I promised there and then I had to pay my debts, no matter what. It was like having a compound interest working against me. I had to learn how money works. I had to understand anything. I had no choice.

While pondering my enormous debt, I tried to look for ways to earn more money. I tried to do some programming projects for friends. I even entered the world of network marketing, has tried to sell the products of well-being and has failed miserably. I remember that my only “levels” (a term referring to those you have enrolled in the company) was my mother, my aunt, and some of my friends. It was a learning experience. The thing that struck me most is that my “need” the money has been transferred to my “customers” without me being aware of it. It was difficult to “sell” something you’re not 100% believe and it’s even harder when your motivation is “making” more money without helping others. I think this barrier mindset is one of the reasons why I could not make it work. Every day, I had to fight with myself. Am I really here to help others? Or is it just because of money?

Once, while I and my friends were hanging at a bookstore, I saw the book Rich Dad, Poor Dad by Robert Kiyosaki. I heard my friend says it’s a great book, so I bought it, he took home and devoured the stories and lessons in financial books. The book opened my eyes to the world of money I never knew existed before. Then I realized that the rich have different sets of habits money from poor and middle class. For the first time, it finally makes sense why I can not make a dent on my credit card debt, why can not I sell anything. Because I used fake money. I had to learn the habits of the rich money to achieve financial freedom.

After that, I was excited to learn about money. First, I signed for the plan of our company savings. I started very small. Initially, only about 2% of my salary is automatically deducted and placed in my savings account. I did not even take the money. After one month, I increased to 5% and 10%. After a year of savings, I have put aside 20% of my salary, I do not necessarily poorer too. This had the habit of money # 1 rich - pay yourself first.

With the savings I had, I was able to pay my debt slowly buy surely. More than that, it gave me confidence to know that I can do, with good discipline and habit of the silver rich. When the opportunity arose for me to be assigned to the United States for a stay of 6 months in my business, I was able to save more and pay-off the rest of my credit card debt. This had the habit of money rich # 2 - out of bad debt as soon as possible!

I also began to take serious knowledge of the many calls I had insurance agents offering life insurance. Before, I would always make excuses just to avoid many of their talk. But now, I wanted to know how I can use the various insurance products to protect my family and me. I also started reading more about business, money, investing and personal finance. After a few years, I managed to save for an emergency fund. It used the money rich # 3 - Get some protection!

I still have a long way to go to financial freedom. That is my goal. I’m learning to build passive income and semi-passive, and I’m loving every minute. In this site I’ll share everything I have learned so that you can create your own habits of the rich and the money to insure your financial success and freedom!

I have always thought there’s only one formula in making money.   That is work hard and at the end of each month, you get your paycheck.   Growing up in a family of farmers, I have seen what working hard really means.   I’ve experienced waking up early in the morning, go to the farm, plant or harvest rice until the sun sets in.   When you go home after a long day of working, the aching muscles says it all.   It is HARD work.   I’ve learned from my parents that if you want to have some money, you have to work  for it.   Often times, I’d go along with my mom to harvest tobacco leaves from a nearby town, and afterwards, she’d pay me for how much I was able to harvest.   That’s always been my training in terms of making money.   That was my first money habit – work to earn.

When I was in College, I wanted very much to help my parents pay for my education.   I was fortunate to have been granted a full scholarship, so that took care of the tuition.   Even then, making money from a far away province, and spending it in the most expensive city in the country is no easy task.   It is an uphill battle similar to walking up to a going down escalator.   So in my own little way, I also tried to make money by applying as student assistant to one of the universities’ projects.   It doesn’t pay much since it is a government project but enough to pay some of my daily expenses and grow my confidence.

After graduating, I immediately started work as a mainframe programmer for a multinational IT company.   The offer I got then was around 16,000 pesos which was BIG money then for someone who’s fresh out of college and don’t have much working experience.   I worked very hard and was fortunate enough to be promoted almost every year.

As my paycheck increased, my appetite for consumption also increased.   I bought a refrigerator, a washing machine, gas stove, shoes, etc, ALL at the same time, EVEN when I didn’t have the money to pay for it.   I just used my new credit card!  That’s when my debt started to pile up.   The “easy” monthly payments never lived up to its promise.   No monthly payment was easy, especially when you only have your paycheck to rely on.   As my debt seemingly increased every month, I also had to worry about paying my monthly house rental, buying groceries, eating out with friends, and more.   There were times I was so out of money I even had to do “cash advance” on my credit card.   As some of you might know, you get to pay a hefty “fee” for doing a cash advance.   This is on top of the amount of money you actually “advanced”.   My already big debt, ballooned even more!  I was so ashamed of having to do cash advance, I promised right there and then, I had to pay for my debt no matter what.   It was like a having compound interest working against me.   I had to learn how money works.   I had to figure it out no matter what.   I had no choice.

While pondering my huge debt, I tried to look for ways to earn more money.   I tried doing some programming projects for friends.   I even entered the world of network marketing, tried selling wellness products and failed miserably.   I remember that my only “downlines” (a term indicating those you’ve recruited into the business) was my mother, my aunt, and a few of my friends.   It was a learning experience.   The thing that struck me most, was that my “need” for money, was being transferred to my “clients”, without me being conscious of it.   It was hard “selling” something you don’t 100% believe in and it’s even harder when your motivation is “making” more money without necessarily helping other people.   I think this mindset barrier is one of the reasons why I was not able to make it work.   Everyday, I had to battle with myself.   Am I here to really help other people?  Or is it just because of the money?

One time, while me and my friends were hanging out at a bookstore, I saw the book Rich Dad, Poor Dad by Robert Kiyosaki.   I heard my friend say it’s a great book, so I bought it, took it home and devoured the stories and financial lessons in the book.    The book opened my eyes to the world of money I never knew existed before.   That’s when I realized that the rich have different sets of money habits from the poor and the middle class.   For the first time, it finally made sense why I can’t seem to be making a dent on my credit card debt; why I can’t seem to sell anything at all.   Because I had the wrong money habits.   I had to learn rich money habits to achieve financial freedom.

After that, it got me excited to learn more about money. First, I signed-up for our company’s savings plan.   I started really small. At first, only about 2% of my paycheck is automatically deducted and kept under my savings account.   I don’t even get to hold the money.   After a month, I increased it to 5%, then to 10%. After a year of saving, I was able to set aside 20% of my paycheck without necessarily scrimping myself too much.   That was rich money habit #1 – pay yourself first.

With the savings, I had, I was able to pay my debt slowly buy surely.   More than that, it gave me confidence to know that I can do it, with the proper discipline and rich money habit.   When the opportunity came for me to be assigned to the US for a 6-month stint in my company, I was able to save even more and pay-off the rest of my credit card debt. That was rich money habit #2 – get out of bad debt as soon as possible!

I also started to take serious notice of the numerous calls I got from insurance agents offering life insurance.   Before, I would always make up numerous excuses just to avoid talking to them.   But now, I wanted to know more how I can use the different insurance products to protect myself and my family.   I also started reading more on business, money, investing and personal finance.   After a few years, I managed to save up for an emergency fund.   That’s rich money habit #3 – Get some protection!

I’m still a long way to go from financial freedom.   That is my goal.   I am in the process of learning how to build passive and semi-passive income, and I am loving every minute of it.   In this website, I will share whatever I learned so that you too can build your own rich money habits and ensure your financial success and freedom!