The stock market has been fairly flat since the beginning of December, and that means its a good time to assess your relationship with your investments.This is a good time to look at your entire relationship with the market. It doesn't matter whether you trade stocks, options, commodities, or even Forex. It's a good time for a little self reflection.
The first thing to do is determine what your actual motivation for trading is. What is the reason behind your specific strategy? Maybe your strategy is to hand your money to a major broker like Smith Barney, AG Edwards, Fidelity, or any of the others. Does that mean that your main strategy is to not deal with investing… to just give your money to someone else and let them hopefully make money for you. Maybe your strategy is to put your money with a company like Scottrade, eTrade, or Ameritrade and actually make the trades yourself. Are you doing that for the thrill of winning and losing kind of like Las Vegas? Maybe you do it to have something to impress your friends and co-workers with. It's importantthat you understand your underlying motivations. The ones beyond the automatic response of wanting to make riches.
With that bit of self analysis under your belt, it's an excellent time to ensure that your trading mode is in order because the market will not stay flat forever. Now is the time to put together a winning trading methodology. Here are some ideas to help you be ready for the up swing in the market.
No matter why you trade, you've got to divorce your emotions from your investing. If you get excited when you win and sink into the pits of depression when you lose, then you will find out that you lose and lose and lose. Really, this emotion-based trading is a lot like a compulsive gambler. So act like an android and get your emotions out of the picture.
Now that you are clear about your motivations and have your emotions out of the picture, decide on your goals for trading. There are a few basic things to think about. How much time are you ready to spend on your investments? How much ROI are you looking for? How much risk will you assume on the money you invest… in other words, how much are you willing to lose? How much are you willing to spend on learning to invest? Come up with a statement of objectives in the form, “I am ready to invest ____ dollars and I am looking for a ____ percent annual return on my investment where I spend ____ hours per week/month managing my investments after spending _____ dollars and ______ hours learning how to invest.”
Next you need to do some reality checking on your goals. If you are looking for a risk free investment returning 100% annually, that is not likely to be found. This is also a great time to see how effective the investment techniques you have been using really worked.
Next, come up with your overall investment strategy for moving forward. Are you going to put your money in a bank? Are you going to put some money into guaranteed municipal bonds and some into mutual funds? Get specific about how you intend to reach your objectives.
Before you actually invest a dime, you've got to have an investment plan. The investment plan defines when you will actually put your money into an investment and when you will take your money out of an investment. If you are investing in a stock, then this plan will tell you when you should invest in the stock. What value should it be at? What should it's recent history look like? Does the performance of the stock meet certain technical analysis criteria? Does the company meet some fundamental analysis criteria? Your plan should also tell you when to sell the stock. That tells you the risk you are taking. If you purchase 100 shares of a stock for $50 and are only willing to risk 100 dollars, then you must exit if the stock drops by $1. That's not a very good plan, but it gets the idea across.
Many people don't think they need a plan for things like mutual funds or 401K plans with their company. Frankly, those are the people that lost the most between June and December 2008. The plan that you make should get you the results that you seek in terms of ROI and risk. That's why it's called a plan.
Successful traders follow their investment plans to the letter… and this is where the android mind comes in. If you prepared your plan correctly, then if you follow it to the letter you will get the results that you seek. It's really strange though, that most people stop following their plan. The winning technique consists of three steps. Follow the plan, follow the plan, and follow the plan.
After you exit the investment, then you need to do a de-briefing in your own mind. Take a look at what happened, how your plan served your objectives, and what you could have done better. With this simple analytical approach to investing you will be much more successful no matter what your overall investment strategy.
Guide To Good Nutrition
During my long career in the furniture business I've often been asked, “What is the proper way to care for my fabric?” After all, you've purchased your dream furniture piece but you're terrified to use it out of fear of damaging it. But you don't have to live in fear! After extensive research and testing I have found the following guidelines and suggestions to be helpful.
Upholstered Furniture
Because of the wide variety of fabrics and fiber combinations, there is no guarantee that these methods will be completely successful and I recommend that a professional upholstery cleaner be contacted in particular cases. However, these simple solutions will keep your new upholstery crisp and clean for years!
• Vacuum at least once a week to remove grit that can cause abrasion, and be sure to dust vacuum the top surfaces as often as possible. Professional cleaning is the best way to make a slightly soiled sofa look new again, but weekly vacuuming will make professional cleaning a less frequent event. (Never brush any fabric with a stiff fiber or metal brush, since they're destructive to the fibers. Instead, use your vacuum attachments like the upholstery brush or the attachment for dusting draperies and furniture. The latter brush has longer bristles and is less abrasive to your upholstery fabric. It may be your best option if your fabric deserves a softer brushing.)
• Reverse the cushions each week after vacuuming. Rearrange the furniture occasionally to ensure even wear of the cushions and other areas. Cushions and pillows filled with down or similar cushioning material should be hand-fluffed and reversed regularly to retain their original softness and resiliency.
• Protect fabrics from the sun. Fabrics should not be placed in direct sunlight because the ultraviolet light will cause the fibers to degenerate and colors to fade. Occasionally dyes can fade from impurities in the air as well, but protection from the sun is a good way to prevent premature loss of color.
• Keep pets off the furniture. Pet urine and pet body oil can be difficult to remove.
• Use proper care with structural weave fabrics (where the design is created by the weave) to protect against snags. These fabrics may be cleaned by sprinkling dry powder cleaner over the fabric, spreading it uniformly and letting it stand for the recommended period before vacuuming with gentle suction. (However, I do recommend professional cleaning with stains on a woven fabric.)
• Caution those wearing clothing with transferable dyes, such as blue jeans, that the dye could transfer onto light-colored furniture.
Fabric Cleaning Guide
Today's new fabric treatments improve the chances of your fabric's survival. Fabric protection products are usually applied by the retail store for an additional cost. Most of the various brands work the same way by causing spills and soil to sit on the surface of the fiber instead of migrating to the fiber's interior.
Today's fiber protection products are free of ozone damaging chemicals, and most are hypoallergenic and invisible to the eye. Some even provide additional UV protection from color fading caused by intense light. One of the greatest benefits of fabric protection products is that they come with specific written warranties that provide peace of mind.
Whether your new upholstery has been fabric protected or not, you should follow the same basic guidelines in cleaning liquid spills or surface soil that can't be brushed off (such as newspaper ink).
Fabric Cleaning Codes
Before attempting to clean a spill or spot on your furniture, you should identify the fabric and the correct cleaning method recommended by the manufacturer. This information is represented by a cleaning code (W, S, WS, or X) often found under a cushion, on the bottom of the furniture or on the manufacturer's tag. If you cannot find this information, contact your salesperson at the furniture store where the item was purchased.
W – Spot clean only with water-based shampoo or foam upholstery cleaner.
S – Spot clean only with water-free cleaning solvent. Do not overwet. DO NOT USE WATER.
WS – Spot clean with upholstery shampoo, foam from a mild detergent, or a mild dry cleaning solvent. Do not overwet.
X – Clean only by vacuuming or light brushing with a non-metallic brush. DO NOT USE WATER OR DRY CLEANING SOLVENTS. Do not use a foam or liquid cleaner of any type.
Never apply cleaning solutions to visible areas of your upholstery fabric without first testing on areas that are not visible. It is important to pretest for color loss and fabric compatibility.
Cleaning Instructions
As a general rule, when a spill occurs, it is important to clean the fabric immediately. The longer a spot remains, the harder it is to remove. It may even become permanent.
Blot, don't rub. If the spill is still “fresh”, use a clean, dry and very absorbent 100% cotton cloth. Should you have to use paper towels to blot out spills, be sure the paper towel (or cloth) is white, as colors in the towel may, when applied to a wet surface, fade onto the upholstery. Color from one fabric can rub off onto another fabric, even when dry -- a process known in the industry as “crocking”.
If blotting with a dry cloth doesn't quite finish the job and you have cleaning directions from the furniture manufacturer, follow those. If none are available, use the instructions provided here.
I hope this information has been insightful. Use these tools when necessary, but most importantly, enjoy your upholstered piece -- it was meant to be used!
Both Ron Morefield & Holly Linington are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Ron Morefield has sinced written about articles on various topics from Education, Finances and Education. > has been successfully investing in the stock and commodities markets for several years. He has also mentored with best. He believe with simple tips typica. Ron Morefield's top article generates over 480 views. to your Favourites.
Holly Linington has sinced written about articles on various topics from Finances. . Holly Linington's top article generates over 480 views. to your Favourites.
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