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Does this happen everyday to every trader? I think not. However, there are enough of these stories around that the mystique and appeal of independence can be a draw for those that hear of the possibilities, and want to become successful day traders.

Those who decide to make the commitment to day trading soon learn that the only thing day traders should be concerned about is the next five minutes. Every trade should be a precise, well-calculated move. The goal is to get in, get a profit, get out (as quickly and as safely as possible) and get away (don’t over trade the play). That is the daily routine of the day trader.

This might sound surprising, but it is not the job of the day trader to understand the “comings and goings” of the of market movement. The day trader’s sole responsibilities are these:

1) End each day “flat,” that is, without any positions;

2) Make a profit, no matter how large or small;

3) Keep all losses small and manageable.

The most important thing to the day trader needs to be the “fast buck.” Most people do not have a concept of the real work of the day trader. They confuse the role of trader with investor. Traders don’t invest. Traders trade. They are not necessarily concerned with long-term trends and market conditions. You won’t catch a day trader putting in a lot of time with The Wall Street Journal, long-term graphs, charts, and research. In fact, knowing too much could hurt the day trader. Things move too fast. There isn’t time to listen to brokers and analysts and to decipher rumors. Day traders may not even know the names of the businesses whose stock they are trading. The stock symbol is the important thing.

Besides the three responsibilities of the day trader, there are three goals:

1. To profit consistently and significantly from day trading;

2. To become better day traders with more experience;

3. To maintain a disciplined and business-oriented approach to help attain day-trading objectives.

Within the boundaries of the day trader’s responsibilities and goals, all market volatility, regardless of cause, must be approached as an opportunity for potential profit. A day trader is not concerned about what is right or wrong in the market nor does a day trader have time to consider the “why” of things.

A profit can be made even if a trader is only right 25 percent of the time, maybe even less. The key is making a lot of money on the good trades and only losing a small amount on the bad trades. The important thing is being right on the right ones. Conversely, a trader could make good trade picks 75 percent of the time and yet still lose money. This comes from being in too heavy on the bad picks. To come out on top a trader needs to admit when he has made a wrong pick and react quickly. Those who get stuck on the research and analysts’ calls, have overlooked the most important responsibility of a day trade - get the quick profit.

Day trading is an intense endeavor, which requires a strong focus. Besides the ability to concentrate to maintain that focus, the following key elements should be in place:

1) Attain knowledge - understand basic market workings and key trading techniques;

2) Display confidence - act on what is known and perceived;

3) Demonstrate the ability to act quickly - pull the trigger;

4) Have a willingness to learn- figure out why instead of getting mad;

5) Be able to accept failure and responsibility - don’t blame but learn and move on;

6) Manage money - during good times and bad times;

7) Have passion - be true and committed to beliefs;

Practice patience and restraint;

9) Show a facility with numbers

10) Be disciplined - make a set of rules and stick to them;

11) Stay healthy mentally and physically - stamina is needed for intense brain work;

12) Know yourself - how your brain works.

A day trader’s day can be extremely exciting, tremendously boring or somewhere in between. Being able to live with the ups and downs and at the same time maintaining a truly objective focus is a formula for success. A person who is a self-starter, enjoys independence, and thrives on challenges can be a successful day trader.

Remember, Get In, Get Profit, Get Out and Get Away! Make Floyd’s Four-Gets your day trader’s credo.

Happy trading!

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Or is it? Initial reactions to Google’s new phone and iphone competitor, The Android, have been generally positive, but the word on geek street is that it doesn’t quite beat it in both looks and functionality.

Even if this is the case right now, can Apple fend off the mighty Google forever? Or could the apple logo soon look a bit like this…

Personally, I’ve never liked the “Marks and Spencers” of computers (Apple). Sure they look nifty, but aren’t they just for uber-snobs? I think Google might just nibble them to the core on this one.

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As more and more people search for a money making expert to guide them through these testing times, it’s never more important to diversify your income streams. Income streams? Yes, income streams!

But how can you do this relatively quickly and without having to learn all sorts of complicated stuff? Well, if you can work the basic functions of a computer, blogging to the bank is considered quite a good way. Lots of people are now getting blogs up and running on their favourite subjects, and supplementing their income by way of promoting affiliate products or displaying ads.

So don’t let the credit crunch beat you - create another income stream with a blog, and once the crisis is over, you’ll have some extra money for having fun!

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So what can you expect from it? Well more fast cars I suppose! All delivered with the inimitable irreverent style of Clarkson and co.

Will this foray onto one of the Internet’s most established social networking sites answer one mystery though… who is The Stig?

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“How can writing on a blog make you money?” I hear you ask.

The answer is: in various ways actually. If you don’t want your own blog, you can write for other people’s blogs and get paid for it. Triond for example, is a free membership site where you get paid for providing content for other people’s blogs, by earning royalties.

If you have your own blog, however, the options get blown wide open. This article explains all the different ways successful bloggers make money from their blog.

If you don’t know the first thing about starting a blog, then Blogging To The Bank is a nice product which can take you through it step by step.

Expert Found Blogging To The Bank Review.

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My early tip is don’t miss the beach volleyball which is on tomorrow.

The Olympics are not without their controversies or concerns of course. There’s the uneasy politics, which hangs overhead almost as much as the thick fog/ smog. Regardless, the games still promise to be an exciting affair, and will hopefully provide you with some inspiration to get out and about yourself to increase your fitness!

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Aah, the mysterious art of hypnotism. Anyone who has seen Derren Brown strut his stuff is normally either mesmorised or just completely plain cynical. Is it really possible to influence somebody’s actions through the words you slip into the conversation?

According to Conversational Hypnosis it certainly is. And more besides. This exhaustive course reveals some of the darkest and covert techniques in persuasion, including the bewildering method of ‘embedding’ commands into seemingly innocent sentences.

By now, you’ll want to find out more, so check out my review. (Did you see what I did there?!)

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A welcome development indeed. So where does this leave the smoker? Ever more out in the cold. Go to Great Britain of course and you are not permitted to smoke anywhere indoors anymore. Time to give up smoking I say! Fortunately, I have reviewed a superb product that you can get minutes from now which can help you give up the dreaded cigarettes for good.

It’s called Quit Smoking Right Now! and is available as a digital download. My friend, Shazza tried it out for me (since I don’t smoke anyway) and the results were amazing! As I’m writing this, she has been smoke-free for three months and is loving it! Read her story on my review page.

Check out my Quit Smoking Right Now review or go straight to their website.

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