Ipod

Ipod nano and Ipod Video are the new freak toys. You always pay more to be hype than to be pragmatic.
Buy the old ipod now and you have a nice product and do not pay to much :)

Great investments

Do not forget
"Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised. by W.B"

One list of such stocks are:
- Google
- Apple
- Skype

Reputations

It will probably takes 10-20 years to build a reputation and minutes to kill it.
If you think about that, you'll do things differently. I do !

Is your business organisation / solution ugly ?

If something is ugly, it can't be the best solution. There must be a better one, and eventually someone will discover it.

Nice move EBAY

I really like Skype. Microsoft and Google are trying to catch up.
Ebay is now in this business to.

Skype and Ebay join force

My Job Went to east Europe

When I read "XXX may move production from to eastern Europe or China" I think "yes this will happens".

Stop be afraid and start to act. If you are inte Software Industry you need to read My Job Went to India

East Europe is a cheap place for European companies to move production to. If you live in Europe then be ready for the news "XXX may move production from to eastern Europe" in the future.

Act, The XXX is maybe your company one day.

No wind, no waves....
Talk does not cook rice.

Fight the failure

A man that can handle failure will be a great man.

Look this list.

Failed in business-------------------------------------1831
Defeated for legislature------------------------------1832
Failed in business again----------------------------1833
Elected to legislature---------------------------------1834
Sweetheart died----------------------------------------1835
Nervous breakdown------------------------------------1836
Defeated for speaker----------------------------------1838
Defeated for land officer------------------------------1843
Defeated for congress--------------------------------1843
Elected to congress-----------------------------------1846
Defeated for re-election-------------------------------1848
Defeated for senate------------------------------------1855
Defeated for vice president--------------------------1856
Defeated for senate------------------------------------1858

and then
Elected President--------------------------------------1860

Abraham Lincoln is this man ! A uneducated boy that handle failures and did not accept failure.


Children don't fail when they are learning to
walk. They fall down over and over again. It is the falling
that teaches them and strengthens them.

Each failure is a learning experience.
And the faster people handle them, reflect on the past occurrence and go again, the faster they can achieve their goals and dreams.

Your trading system

The worst thing a trader can do is use a system based on the last year of market activity. The next year could be very different.
A trading strategy must be based on adaptability to take advantage of changing conditions.
Market changes are not a surprise.

A good trading system is based on

1. Learn before you jump ...
2. Cut losses, let winners run ...
3. Discipline is crucial ...
4. Focus on the process ...
5. Know your exit ...
6. Manage your money ...
...
8. Don't trade emotions ...
...
10. Remain humble ...
...

Oh I can't give you all tips :)

Prev. post about trading : Slow boil your losses.

Slow boil your losses.

If you throw a frog into a pot of boiling water it will jump right out. But if you drop it in a pot of warm water and slowly turn up the heat, the frog will stay put until it perishes.

The same thing occur to your losses.... Beware of that.

It is the slow boiling losses that cost money. Big clash are like boiling water.

Prev. post about trading : Trading and self-discipline.

Time Management - 1

Whether you're clever, stupid, the richest person in the world, or the poorest person in the world, you all have one thing in common.
You all have twenty four hours each day.

One way to find out if where all your time goes is to start an time log.
Do it for one week or more. Not less !! "self-discipline"
For instance, each time you change your activity make a note of the time you start and note the time that action ends.
So each time you change a task, you'll be noting the time.
Try not to miss out on any blocks of time.

If you are cleaning your castle you may want to break it down to something like:
8:00 Washed floors
9:45 Dusted curtains
10:00 Read Harvard Business Review
11:00 Talked on the skype phone
11:10 Made a cake
11:25 Clean the kitchen
12:00 Eat the cake


Okay, this week your job is to focus on your activities and record the time it takes you to complete each one. Don't worry about managing your time just yet, just be aware of how you are spending your time now.

Use a notebook for this. You are a beginner, learn with the basics.

Start Now ! ACT.

Quotes I like ...

Only dead fish follow the stream.
--- Anon

The true battlefield is within.
--- Gandhi


Discipline is just choosing between what you want now and what you want most.
--- Anon

Just because something is readily available, doesn't mean it's worth having.
--- Roy Sheppard

Never let your doubt blind your goals, for your future lies in your ability, not your failure.
--- Anon

Invest in yourself

Invest each day !!!
No, I'm not referring to your wealth.
Though financial investments are important, there's an even more important commodity you should be investing in: yourself.

When you invest money, you can draw on that account when necessary. Knowing the money is there provides a sense of confidence and security. But it is just as important to invest in yourself, so that the resources are there to draw on when necessary.

How can you invest in yourself ?

Continually improve skills Like :
- communication
- negotiation
- listening
- speaking
- speed reading
- time management

Create strong relationships with your family and friends
Exercise and eat nutritiously to maintain physical health
Take some holidays.

Start today with small steps.
ACT !!

Are you a doer ?

Four things come not back: the spoken word, the sped arrow, the past life and the neglected opportunity.


The world needs dreamers and the world needs doers. But above all, the world needs dreamers who do.
-- Sarah Ban Breathnach

Experience is the best teacher.

From small beginnings come great things.

Fools build houses, and wise men buy them.

Instant gratification

Today we live in a culture where many people want instant success—wealth, a beautiful body, warm relationships, and knowledge, This "I want it now" mentality is called "instant gratification" and is the number one reason people fail.

Be patience ....
Learn to understand yourself and others.

People who reject the value of instant gratification and develop the skill of self-discipline are life's real winners. These are people who are able to set goals and harness the motivational strength to see it through to their successful fruition— day by day, week by week, month by month, and, if necessary, year by year. They know that any worthwhile achievement takes time and sustained effort. They are willing to pay the price. They are self-starters, doers, and finishers.

Funny ratio

How good is you on the "Solved ration" ?
The ration is (TS-TF)/(TD-TF).
Where:
-"TF" is the time when you find a problem
-"TD" is the time you decide to solve the problem.
-"TS" is the time you solved the problem.

A lot of companies have a bad ratio. Why !

Found the problem is important but solving the problem is probably more important when you have decide to solve the problem.

ACT !

Trading and self-discipline.

The one thing I can think of that most affects both trading and investing has to be self-discipline.

Being disciplined is fully 50% of the job of trading or of investing. I don't care how good your trading system is, without the discipline needed to follow the system you don't have much of a chance for success in meeting your goals.

It doesn't matter how great a planner or organizer you are, without discipline your plans will most likely fail to bear fruit.

I agree 100% with the following statement by Marty Schwartz, the great S&P 500 daytrader:

"I've said it before, and I'm going to say it again, because it cannot be overemphasized - the most important change in my trading career occurred when I learned to DIVORCE MY EGO FROM THE TRADE. Trading is a psychological game. Most people think that they're playing against the market, but the market doesn't care. You're really playing against yourself. You have to stop trying to will things to happen in order to prove that you're right. Listen only to what the market is telling you now. Forget what you thought it was telling you five minutes ago. The sole objective of trading is not to prove you're right, but to hear the cash register ring."

Prev. post about trading : Tradig Tips

Brain wake up

Wake up !!
Your brain and eyes need some training.

Try these links :
- Rotsnake
- Rollers
- Color perception

Watch up 2 - Google - 2

Google is hard at work on a nation-wide high-capacity data network, buying up unused fiber lines and cheap backbone access to really flesh out their capacity.

Business 2.0 report about this.

The Snowball Started Rolling one more "pi*diameter"

Read also Watch up 2 - Google - 1

Traders - 1

Are you a good trader ?
Is your bottom-line performance good ?

The largest group of consistent losers is composed primarily of :
- doctors
- lawyers
- engineers
- CEO's
- entrepreneurs.

Why is it so ?

Trading can be mastered but your have to work hard on yourself.
Learn to understand your feelings. "Diary of a Trading Loser"

Creativity no copy !

To many products are look like "Yahoo Search", webmails...

You will need a lot of creativity if you want to take the lead. Copying is simple.

Prev about creativity : Creativity please