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Stop Loss Order for Day Trading
Aug 13th
Stop Loss Order for Day Trading
What is Stop Loss Order?
Stop loss order is an order to close position if/when losses reaches a particular point. In other words this is an order by which you can decide the maximum loss that you are ready to accept. Here we are going to discuss only Stop Loss Order regarding Day Trading, but the same principle can be used for Swing Trading or Long Term Trading.
Following Example can explain the point.
If u have placed a buy order at 100. You need not place a stop loss order till your trade gets executed. Once your trade gets executed, you have to place another order for Stop Loss.
Now lets assume that CMP(Current Market Price) is 100.50.
Stop Loss Order should be like this
Type= Sell
Quantity = Quantity you have got (received).
Price=99.40
Trigger price =99.50
Note: Trigger price is the price at which your order gets triggered (fired). Till then it’s on hold.
So in our example If CMP falls from 100.50 to 99.55 nothing will happen but at 99.50 your order (Stop Loss) for sell will get executed at a price of 99.40 so your loss would be limited to 0.60 (100-99.40) only.
Additional Points:
Percentage Of Stop Loss
For day trading stop loss of 1-2% max is recommended. Some traders like me use 0.5% stops, which is what I have explained (100-0.5%*100=99.5). You have to decide the % according to your experience & confidence.
If you don’t use stop loss order the price can go down by 5% or even 20% & you won’t be able to do much then, hence for every trade without fail you should use stop loss order.
A warning, don’t ever think that just because you have placed stop loss order, you are 100 % safe. That’s not the case even after a stop loss order you can suffer huge loss. Surprised? See how.
In the above example if the your stop loss order gets triggered at 99.50 for 99.40 but there is no buyer at 99.40 so the order will get triggered but not executed till there is some one ready to buy at 99.40. In mean while some one else has put a sell order at 99.30, now you are at number two still waiting, then if some one puts a sell order at 99.10 you are at number three & hence your order may left behind while others keep putting orders at less than your order & you may wonder why my stop loss order did not get execute!!!!!!!!!!!
Solution for above problem is as follows.
The gap between trigger price & price is important. If you want your stop loss order to be more secured, increase the gap.( Gap between Trigger Price & Price). i.e. triggered price at 99.50 & price 99.10(instead of 99.40). You should change the gap depending upon the share you trade. More volatile stocks require big Gap while for slow movers small Gap is enough. You can decide the Gap on the basis of difference between best buy & best sell (bid /ask) in second window.
Stop Loss For Shorting
For shorting that is selling first & then buying, the stop loss order has to be reversed as follows.
If you have shorted at 100(CMP=99.50)
Stop Loss order should look like this
Type =Buy
Quantity = Quantity you have shorted
Price=100.60
Trigger Price =100.50
Cancel/Modify Stop Loss Order
The most important thing if your stop loss does not get hit & you earn profit by squaring of your position; do not forget to cancel the stop loss order. Yes I repeat do not forget to cancel the stop loss order. Other better option is that you can modify your stop loss order as Trailing Stop till the execution. (I do this as I forget to cancel the stop loss order.)
Following example can explain how you can do this.
Your Stop Loss for first example was 99.50 for 99.40, right? Now if the CMP has gone up from 100.50 to 102.20, you can modify your stop loss order to 101.10 in place of 99.50 & 101.00 for 99.40. If price keeps going up, keep following the price by modification.
Always remember the following rule.
For buy’s Stop Loss Order (Type=Sell) “Trigger Price” should be more than “Price” of Stop Loss Order & for Short Selling’s Stop Loss Order (Type=Buy) “Trigger Price” should be less than “Price” of Stop Loss Order.
Important Note:
Some Trading Systems allow Trader to enter Stop Loss Order at the time of Actual Order and some Systems allow Stop Loss Order to get automatically cancelled against squaring off position.
Happy Day Trading
Vishal Deshpande
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Get Out of the Office and Truly “Unplug” on Your Grand Canyon River Rafting Trip with Arizona River Runners
Aug 12th
Get Out of the Office and Truly “Unplug” on Your Grand Canyon River Rafting Trip with Arizona River Runners
At Arizona River Runners, we happen to think that we have the best job in the world. So, we’ve decided to share it with anyone who wants to come along. When you join one of our rafting excursions, you’ll have no problem understanding why we love to go to work everyday. Compare a day in our “office” to a day in yours:
We start our day with coffee and breakfast in the majestic setting of one of the most amazing places in the world. We’re not fighting traffic, and you’ll see how starting your day floating through the morning calm of the Colorado River feeds your soul instead of draining it.
No fluorescent lighting for us, and forget about staring at the glare of a computer screen or those tired old memos from the boss posted on your cubicle walls throughout the day. We enjoy some of the most amazing scenery in the world, experienced from a vantage point that most people never see.
No ringing phones, overflowing inboxes, expense reports and tiresome tasks. There’s a rhythm to the days, but our trips are far from routine. Every bend in the river brings a fresh perspective and the chance to experience something new – you might be facing the adrenaline pumping rush of rapids, or the chance to float lazily for a while and take in the scenery.
Been doing the same ol’, same ol’ on the job for years? Our trips are fantastic learning experiences. Our guides will share a wealth of knowledge and some pretty incredible stories throughout the trip. Ask them questions and soak up as much as you can. From learning to read river conditions and practicing environmentally responsible camping techniques to Grand Canyon history and folklore, our guides will keep you informed every step of the way.
On an ARR trip, you’ll experience teamwork and bond with the others on your trip in a way you’ll probably never see in the office. No gossip in the breakroom, no competition for the big promotion. We are a team led by some of the most knowledgeable guides in the business, successfully navigating the challenges of one of the most awe-inspiring bodies of water in the world. You just might develop a new definition for the word “success” after sharing some time in our workplace.
To Live is to Have Problems and to Solve Problems Means Growing Intellectually
Aug 11th
To Live is to Have Problems and to Solve Problems Means Growing Intellectually
To live, is to have problems and to “solve problems” is to grow intellectually,” quoted J. P. Guilford.
In other words, we all run into or face problems sometime, or the other. Problems can be work related, or personal problems and it can be said that one man’s solution to a problem could turn to be another’s nightmare. This is because according to Guilford’s “Structure of Intellect” (SI) theory, an individual’s performance on intelligence tests can be traced back to the underlying mental abilities, or factors of intelligence.
Personal Problem
About five years ago, I became handicapped and this put me in a catch-22 situation. Here I was all set to go out for any little excuse but for some reason or the other, I just couldn’t get myself to doing it. It was absolute misery and it wasn’t a surprise when things spiraled quickly out of control. I managed to alienate myself from most of my friends and family and infact did a good job of it. It was then the computer and the net came to my rescue. It’s funny which how much you can do with this machine. There is enormous potential out there for mothers based at home who can work out wonders with this machine and the net and this applies to men working from home as well
Since then, it became a full time relationship with the computer and net and the question of doing another job did not even arise. Now, the subject question here is; whenever you ever run into such serious problems, what are the methods or processes that have been adopted in resolving it.
Sometimes, the problems resolve itself like in my case, and all it required was some time. In other words, it did not require any outside help, such as a shrink to resolve it. Ofcourse, I did visit a shrink but that’s another story and we’ll leave that for a rainy day
I say this because when you encounter problems and tend to ignore them, they just disappear. It gives you the feeling that when you tend to ignore them, they just solve itself. It’s magical, solutions emerge from nowhere. In fact, this method made me more relaxed and I refused to view problems as they are. Instead I only view them as solutions that have encountered a minor setback or delay.
Theoretically, majority of the problems resolve themselves in the long run. All that remains are the worry and tension that it caused. In a time based scenario, the only “problem” is that we don’t know when the so-called problem would be resolved and the time-period could cause quite a bit of misery.
So let’s assume as per the subject topic we have run into a generic problem that need solutions. A problem as such cannot be described, as it must be remembered that no problem can exist in the absence of an objective. That is to say, we need to know exactly where we want to arrive so that we can properly determine our track, as well as direction.
In his lateral thinking theory, DeBono stressed the importance of “looking at a problem with a fresh perspective”. In other words, knowing our direction is an important aspect in problem solving.
Now, the first thing when I encounter a problem is change or restructure my way of thinking. For this I need sleep. By sleep, I mean a sound sleep. The sleep gives me a relaxed mind, and makes problem-solving far easier, instead of purely relying on intuition. After a sound sleep, your approach to solve the problem becomes more systematic, more balanced and logical. Starting from that point it becomes easier to see what lies in front of you.
The SIX Processes
After the sleep, it is better to split the problem into smaller problems and begin solving it step by step. It is realistic when you do this and write the processes down, as you would very soon begin to see the possible solutions that underlie within each problem. That is to say, in order to resolve problems effectively one has to understand the whole process and their role in making the problems work. And as we live in a talking culture, it is imperative that we put these things in writing. This procedure helps you identify the best solution embedded within each problem
After writing it down, the next step in our hypothetical problem is to identify pain points, if any, and identify the connections between the connecting pain points. This would help me understand the problem better and then take on the objectives and translate them into structured programs. Then I could evaluate which solution has the most advantages, and further break down these solutions into different stages, while at the same time conduct a SWOT analysis between solutions.
Thirdly, I will reflect on the possible solutions while consulting friends and relatives, and then conduct a strategic analysis and begin to tailor solutions according to feedback and sentiments. This would eventually result in deeper penetration and a larger perception of the whole problem
Stage number four is to evaluate all possible solutions, i.e., reviewing the problem point by point, while analyzing the pros and cons of each solution. The next step or stage number five is when I implement the decision. Last of all, stage number six is post-decision justification or evaluation of the outcome. Ofcourse this also means the implementation of any follow-up actions required.
Now the question is what have all these so called stages to do with my personal situation. Although, I applied all these processes, none of these methods were adopted in my case as the solution to my problem turned out to be time and patience. It was just out of frustration I started toying with the computer, and which eventually materialized in to a hobby and subsequently into a job. It is only when you encounter or run into problems, only then, these so called strategies materialize. In other words, it is only when you start visualizing the problem mathematically, you begin to analyze what the problem really is, and start approaching it in an organized and logical manner. Then the whole problem becomes easier to solve.
Conclusion
It is only when you start visualizing the problem mathematically, you begin to analyze what the problem really is and start approaching it in an organized and logical manner. Then the whole problem becomes easier to solve.
Don’t ever make the mistake of making the problem bigger than it is, as any solution appears to be good, and the actual problem is only as big as you perceive it to be. You should always visualize that you are “bigger” than the problem itself. This gives it a positive outlook, which definitely counts in solving problems in the long run. Finally, never give up whatever the problem may be. Just stick in there. You will soon find a solution. Remember, it is just that problems help you to enhance your ability to live happily.
Once you solve a problem, the feeling and satisfaction of solving it is so great that explaining it has just no words. In Living a Life That Matters, Harold S. Kushner (the Massachusetts rabbi whose best selling books include When Bad Things Happen to Good People) suggests that the most successful lives are the ones that most effectively manage and “solve their problems”.
The Telecommuter is a blogger and article writer and writes paid reviews, sponsored posts, articles and blog posts for advertisers and publishers
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Cold Sores – a Pandemic?
Aug 10th
Cold Sores – a Pandemic?
Cold sores virus infects an incredible 89% of the world population, the World Health Organization (W.H.O.) estimates.
YES – and 67% of those infected with the cold sores virus will have at least one cold sore event in the next 12 months.
And 47.5% of those folks will have multiple cold sores episodes during that period.
Cold sores are one of our most contagious viruses – and one of our oldest. Even in ancient Rome, an epidemic of cold sores caused Emperor Tiberius to outlaw kissing in public ceremonies.
As a global epidemic, or “pandemic”, there is no better example than cold sores.
NO – cold sores, unlike bird flu, aren’t life threatening. But, let’s be frank, cold sores are hideous – and they’re painful. On top of that, cold sores cause flu like symptoms such as fever and swollen lymph glands in a lot of people.
Cold sores last 3 to 4 weeks on average – a long time for you to be socially sidelined! They shout “I HAVE HERPES” to the entire world.
And cold sores cost us money in lost days at work and constant purchase of medications. Always hoping to finally find something – ANYTHING – to stop our cold sores curse.
Check out these little known facts about cold sores – and what you can do right now to get rid of your cold sores problem.
Cold sores are caused by the reproductive cycle of a herpes virus. There are currently 8 known human herpes viruses. Of these, only 2 are a major cause of cold sores.
Herpes Simplex Virus Type 1 (HSV1) is responsible for about 80% of facial cold sores – and about 20% of genital herpes lesions. Herpes Simplex Virus Type 2 (HSV2) causes about 20% of cold sores and 80% of genital herpes blisters.
HSV1 is most often referred to as the “cold sores virus”, “fever blister virus” and “oral herpes” – and some others that I can’t mention in a public article.
Cold sores virus may be latent (asleep) for weeks or years in the nerve ganglia near the back of the jaw close to the brain stem.
More specifically, the cold sores virus hides inside your cells – making it very difficult for your body defenses to locate and deal with them.
When your body’s defenses weaken, due to physical or emotional stress, the cold sores virus leaves these cells, travel down the nerve fibers, like a super-highway to the lip or nose surface – to create cold sores.
There are 8 cold sore stages. The first is the latent inactive stage. The next 7 cold sore stages are the ACTIVE stages. From the first tingle to the last red spot, your cold sores are extremely contagious.
Cold sores are most often spread by physical contact – but can even be transmitted by coughing or sneezing during the active stages of your cold sores.
Medical science is working around-the-clock to find a cure for common cold sores. They’ve had a few minor breakthroughs that may lead to some real solutions in the next couple of years.
Basically medical scientists are approaching the cold sores virus on 2 levels.
1. A VACCINE preventing you from actually contracting the cold sores virus in the first place. One such vaccine is currently being moved into human testing. Downside is – it only works on people who have never been exposed to cold sores virus. Since nearly everyone on the planet has been exposed, it seems of very little value even if approved. But it’s an encouraging move forward.
2. AN ANTI-VIRAL to kill the cold sore virus already in our body. This is difficult since it has to find and kill the virus without damaging the nerve cells they are hiding in. The prescription anti-viral medications scientists have come up with so far have not worked very well at all – at least on cold sores virus.
Acyclovir, for example, is an anti-viral that’s being promoted as a cold sores wonder drug. In real life studies, however, a course of acyclovir only reduced cold sores by 2 days. And it only worked for 47.8% in the trials. No big deal here.
Acyclovir topical cream came in even worse – no noticeable help at all. Medical scientists agree and have publicly stated that the actives in acyclovir don’t get through the skin to the infection. Don’t waste your money on this.
COLD SORES NATURAL SCIENCE TO THE RESCUE!
Did you know – medical knowledge has more than doubled in the past 5 years alone? Worldwide internet communication has made it possible.
More important – natural home remedies, such as effective cold sores treatments, are coming in from all corners of the globe.
In fact, many doctors are now advising their patients to check out these natural remedies for cold sores.
Data studies have shown these natural remedies to reduce suffering time of cold sores by an incredible 79% – plus actually PREVENTING future cold sores from happening altogether (they don’t kill the cold sores virus – but they do keep it inactive indefinitely).
If you’re a cold sores victim, your best choice – fact is, your ONLY choice today – is to buy and apply one of these excellent natural remedies.
There are several solidly proven remedies for you to look into on this site or other sites – and the best news is they’re available right now for your cold sores.
Denny Bodoh is a 35 year newspaper veteran and research writer on alternative health and nutrition. Get the latest information on cold sores and great cold sore treatment ideas at Denny’s popular site
http://www.be-cold-sore-free.com/
Large Round Area rugs For More Interest in Your Space
Aug 9th
Large Round Area rugs For More Interest in Your Space
Large round rugs are a fabulous way to pull a room together. Help define your space by placing your furniture completely on top of your rug. Modern home design with open plan living is fabulous for traffic flow and entertaining but it causes difficulties when it comes to defining areas.
Large circular rugs help to visually differentiate those areas. Make your dining area feature prominently by inserting a large round area rug beneath your dining table – allowing enough room for the chairs. The round shape of the area rug assists with the inviting feel of the room and yet the the area rug provides boundaries and definition to the eating room. And in the same way a large round area rug can help establish your lounge room. Even with lack of wall boundaries and open concept space, a great rug can give your home that feeling of order.
If a living room is dull and boring and needs a lift, try an area rug. Large round area rugs can be found in many colors and in hundreds of different patterns and materials.Muted or pastel colors can soften the feel of a room. Earth toned colors can be soothing and understated while still giving your room an added oomph. Vibrant colors can change your focus and make the room look immediately brighter.
Placing your rug in the center of a room will draw the focus to it. This will visually reduce the impact of flat walls and sharp corners When a room is narrow , place the rug closer to one of the walls – this will help shift the visual focus and create an impression of more space.
In home’s lacking an entry way, place a large round rug near the doorway to give the illusion of an entry. In this way you can use a large round area rugs to define, enhance, and even visually create rooms or spaces where they don’t actually exist.
Not many decor items can finish a room like a large round rugs can. A good quality, well-placed rug can change the flow of a space, finish a room, and even visually create places in your home that haven’t existed before.
Expert Writer Robin enjoys decorating and just loves <a rel=”nofollow” onclick=”javascript:pageTracker._trackPageview(‘/outgoing/article_exit_link’);” href=”http://www.round-rugs-shop.com/large-round-rugs”>large round rugs</a> for a splash of instant color.
Music video by Selena Gomez & The Scene performing Round & Round. (C) 2010 Hollywood Records, Inc.