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Member You - Are You Trading or Are You Gambling?
Are you looking to provide interesting content to your visitors? How about popular in-demand products? Do you know what your target customer is really searching for online?No worries. You are about to discover that there are literally thousands of untapped markets just waiting at your fingertips. To get started, let's go on a little virtual journey.Our first stop is o
So, what is the difference between a winnin
Targeting New Customers and Encouraging Repeat BusinessThere are three ways to grow your business; 1. Generate new customers, 2. Encourage existing customers to become more frequent repeat customers, and 3. Increase the average amount your customers spend. In this article, I will outline a tried-and-tested strategy to generate new customers and encourage repeat business
My Webster's dictionary's defines "gamble" thusly: "(vt) to take a risk in order to gain some advantage," and, "(n) an act or undertaking involving risk of a loss."
By these definitions, if you are a trader you are a gambler. The more important question is, then, are you a WINNING gambler (day trader, trader, investor . . .) or a LOSING gambler (day trader, trader, investor . . .)? In one of my recent articles, I referred to an undisciplined, haphazard trader as being neither a trader nor an investor, but "simply a gambler." What I should have called such a person, rather than "simply a gambler", was "simply an incompetent gambler (or incompetent trader or incompetent investor)."
So, what is the difference between a winning
Gumball vending machines are among the oldest surviving types of vending machines. (An interesting side fact is that the first vending machine was a water dispenser in Egypt circa 100 B.C.) The first gumball machines were penny machines. You can still get those antiques, although they are more for novelty use than a way for you to make a profit. Who wants to carry around five dollars’
By these definitions, if you are a trader you are a gambler. The more important question is, then, are you a WINNING gambler (day trader, trader, investor . . .) or a LOSING gambler (day trader, trader, investor . . .)? In one of my recent articles, I referred to an undisciplined, haphazard trader as being neither a trader nor an investor, but "simply a gambler." What I should have called such a person, rather than "simply a gambler", was "simply an incompetent gambler (or incompetent trader or incompetent investor)."
So, what is the difference between a winnin
Question: How do you know if an engineer is an extrovert?Answer: He looks at your shoes when he talks to you! I am allowed to say that, coming from a family of engineers, but it’s exactly to the point of this month’s column on the art of successful presentation design and delivery. At the heart of all successful presentations is a presenter who maintains proper eye-contact wit
So, what is the difference between a winnin
The use of a forum can be an effective means of understanding your customers. However, the start-up of a forum can be a bit like attending a get-together where no one wants to be the first to say something.Most get-togethers require some sort of icebreaker and the same is true for a forum. You can hope for the best and eventually a few people will post, but the most successful f
So, what is the difference between a winnin
Everybody loves a winner—that’s what the slogan says.And it’s true.I was amazed at how many USC shirts appeared on the streets from Honolulu to Chicago during the team’s thirty-plus game winning streak. It was nearly as many as when UCLA had won the “city championship” a half dozen times in a row against its rival, a few years before.But if you grow overly confiden
So, what is the difference between a winning gambler (day trader, trader, investor . . .) and a losing gambler (day trader, trader, investor . . .)? Who is the most successful gambler in a casino? The house, of course. This is because the house has the odds on every game slightly in their favor, they keep their bets small (even a very large bet for an individual is very small for the casino in relation to the size of their total pot), and they play absolutely without emotion. The house knows that over x number of bets, if they have an edge in the odds of just a small percentage, where x is a very large number, they will come out ahead by a steady and predictable amount. The casino is a consis
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