The Mahindra XUV500 is undoubtedly
the most popular SUV in India today. Demand is so high that Mahindra had to
shut bookings temporarily. The cheetah inspired looks and high features list
makes it very desirable. Powered by a 2.2-litre diesel engine which produces
140 BHP and 330 Nm, the XUV500 range starts at Rs. 11.10 lakhs (ex-Delhi).
The second most popular SUV is the
Mahindra Scorpio. Offering butch looks and a very responsive 2.2-litre diesel
engine producing 120 BHP and 290 Nm, the Scorpio has turned Mahindra's fortunes
for the better. The Scorpio range starts at Rs. 7.52 lakhs (ex-Delhi).
Undoubtedly the SUV which came and
shook everyone else, the Toyota Fortuner might use the same IMV platform as the
Innova but has immense street presence. Power comes in from a 3.0-litre diesel
engine which produces 170 BHP and 343 Nm. The Fortuner range starts at Rs.
19.99 lakhs (ex-Delhi).
One of the oldest cars in India, the Tata Safari
is still a hot favorite among SUV lovers. An updated version known as the Safari
Storme will be launched next month, which is a facelift of the current Safari.
The 2.2-litre diesel engine of the Safari produces 140 BHP and 320 Nm. The
current Safari range (not Safari Storme) starts at 8.06 lakhs (ex-Delhi).
The BMW X1 created an all new
segment. It became the entry point to a BMW vehicle with prices starting at Rs.
22.40 lakhs (ex-Delhi) for the sDrive18i variant. Powered by 2.0-litre petrol
and diesel engines that produce 150 BHP, 200 Nm and 177 BHP, 350 Nm
respectively, the X1 accounts for a major chunk of BMW sales in India.
Ford's Endeavour was one of the
best selling SUVs till the Fortuner came along. The Endeavour's immense street
presence and powerful engine attracted quite a few. Power comes in from
2.5-litre and 3.0-litre diesel engines which produce 141 BHP, 330 NM and 154
BHP, 380 Nm respectively. Prices start at Rs. 17.84 lakhs (ex-Delhi).
The Hyundai Santa Fe has gained
huge popularity in just a few months time, thanks to the wide spread Hyundai
network and extremely powerful diesel engine, which produces 197 BHP and 420 Nm
mammoth torque from its 2.2-litre engine. The Santa Fe range starts at Rs.
22.34 lakhs (ex-Delhi).
When Skoda launched the Yeti, many
found it over priced. But the company was quick to respond with lower priced
variants. The Yeti is a very capable compact SUV, powered by a 2.0-litre diesel
engine which is available in two set of tunes producing 110 BHP, 250 Nm and 140
BHP, 326 Nm. Prices start at Rs. 13.90 lakhs (ex-Delhi).
Audi has whizzed past
Mercedes-Benz in sales and is eying BMW. The Q range of SUVs (Q5 and Q7)
accounts for a major chunk of the company's sales in India. The Audi Q5 comes
with three engines but the most popular variant is the 2.0-litre TDI, which
produces 170 BHP and 350 Nm. Prices start at Rs. 39.44 lakhs (ex-Delhi).
With tons of awards going the
Range Rover Evoque's way, there is little doubt that this baby SUV from Land
Rover is the hottest vehicle in the world right now. The drop dead gorgeous
looks along with the go anywhere capability makes the Evoque so desirable.
Power comes in from a 2.0-litre petrol and 2.2-litre diesel which produce 237
BHP, 340 Nm and 187 BHP, 420 NM respectively. Prices start at Rs. 45 lakhs
What is the best way to drive traffic to my site? What’s the fastest way to generate traffic to my site? What’s…?
We all want to know the best way to drive the greatest amount of traffic to our sites. However, the truth is that there is no best or fastest way to drive traffic! What works for me might not work for you, and vice versa. Just because I manage to get 500 visitors a day from an article I submitted to article directories doesn’t mean you can get that much traffic doing the same thing.
Of course, there are some traffic generation methods that produce better results than others. But again, it all depends on you and your situation. Let’s take article marketing as an example. Article marketing is one of the oldest and best ways to generate traffic. But the success of your article marketing campaign depends on many different things, like the number of articles you write, the number of article directories you submit to, the quality of your articles, how many articles a day you submit, and more.
My advice would be to pick a few methods from the 65 I’ve listed below, and start implementing them. Test them for yourself. Depending on your skills, you might find a method that would work wonders for you.
Don’t just follow what everybody else says. I’m not saying, “Don’t listen to experienced people who are successful in generating traffic to their site.” By all means, listen to them and do take their advice—but experiment to find out for yourself which traffic generation methods work best for you and your situation.
With that said, here are 65 simple and (mostly) free ways to generate traffic to your site.
Turn your articles and blog posts into PDFs using free PDF converters like OpenOffice. Then submit your PDFs to document sharing sites like Scribd and DocStoc. Write truly informative and useful articles related to your niche, and publish them on WikiPedia. Hold a contest and give prizes to your readers. Use social networking sites like Twitter and Facebook to let people know about the contest. A good contest with good prizes will attract a lot of people. Build a wiki page for your blog. To ensure your page doesn’t get deleted, create an article that is educational, informational, and not self-promoting. Write list posts like the one you are reading. Readers love posts like “10 ways to make money” or “6 ways to drive traffic to your blog”. List posts are amongst the most popular kinds of posts, and people tend to share list posts with others more often than other posts. Make flyers with a catchy title and a description of your blog, and post them on bulletin boards in the entrance to supermarkets and other community buildings. Post frequently, but don’t sacrifice quantity for quality. Both search engines and visitors like to see fresh, quality content. The more content you have, the more chances you have for ranking for variety of keywords, which will mean more organic traffic for your blog. Make a lens (or more) using Squidoo and in it, place a few links back to your blog. Submit your blog to directories relevant to your niche, like InsLink.com (an SEO/webmaster directory). Make it easy for non-technical readers to link to your blog or share your links with other people by making a “How to link to us” page. Here, give readers easy instructions on how to link to your blog with your keywords as anchor text. Submit your blog to search engines like Google, Yahoo and Bing. Or simply use AdMe.com to submit your site to over 25 search engines for free. Use sites like Odiogo to turn your blog into a podcast, then submit your podcast to podcast websites. Answer questions related to your niche on YahooAnswers and other Q & A sites. Include a link to your blog in the resource box. Submit your blog to social bookmarking sites like Digg and StumbleUpon. Write and submit articles to article directories like EzineArticles and ArticleDashboard. Turn your articles to videos using free video creation services like Animoto, and submit them to video directories such as YouTube and DailyMotion. Build a Facebook fan page for your blog. Make use of plugins like Tell-a-Friend to let your readers quickly share your posts with their friends and family vie email. Use Hi5 to build a page for your blog and create a community around it. Don’t clutter your blog with too many pictures, ads, and so on. Keep it clean and easy to navigate. This will help both search engines and visitors to navigate around your blog easily and quickly. Join BlogEngage to submit your blog and create a community around it. Ping your blog posts using free ping services such as Pingler and Pingoat. Create a hub about your blog on HubPages. Register with few good niche-related forums and use your signature to place links pointing to your blog. Participate in discussions and contribute as much as you can. Make it easy for your readers to share your posts by installing social bookmarking plugins like SocialMarker and Digg Buttons. Readers like to read other people’s comments, especially those who responded to their comments. So, take advantage of that by using a plug-in like Comment Notifier to automatically let your readers know of new comments posted on your blog. Make your blog more search engine friendly by using SEO plug-ins such as Platinum SEO Pack. Target long-tail keywords with low competition and try to rank for them. Such keywords are easier to rank for in search engines and give you much more targeted traffic. Make a MySpace page for your blog. Make business cards with your blog info on them, hand them to friends and family, and ask them to pass them on. Mall parking lots are good place to pass your cards around. In some states you can even put your business card on windshields. You can get up to 250 free business cards using sites like VistaPrint (although you do have to pay $5 shipping). Submit your blog to the free directories like DMOZ (hard to get into, but well worth the effort!). Write a good press release, or hire a professional to do it for you (you can get a pretty decent press release written for you for $5 on Fiverr.com), and submit them to free press release distribution sites like PR.com. Write creative and attention-grabbing ads about your blog, and publish them on free classified ads sites such as CraigsList and UsFreeAds. Controversial posts attract visitors. Write a controversial post. Be creative and bold, but be careful not to cross the boundaries. Ask an expert or a trusted, well-known person in your niche for an interview. Then post the entire interview on your blog, either as a text post or as a video. Leave quality comments on blogs that are related to your niche. Make sure your comments add value to the blog. Don’t just spam-comment and hope for the best. It never works, and your links will get deleted. Worst of all, you might get blacklisted from the site. If you leave a useful comment, people will be more likely to visit your blog. Use free banner-making tools like BannerFans to make an interesting banner for your blog. Then find other bloggers in your niche and exchange banners with them. Exchange links with other blogs in your niche. Don’t go overboard with this technique, or exchange links with each and every blog you find—be selective and make sure the context for your link is appropriate. Most people use their main keyword as the anchor text for their link, that’s good for SEO. But, if you want to get more traffic from those links, instead use attention-grabbing text as your anchor text. Don’t use “Make Money Online” for your link text—people are used to seeing those links all over the web. Instead use something like “10 ways to make $10 in 10 minutes.” If you find interesting posts on other blogs, write a post about them and link to them. The other bloggers will notice and might do the same for you. Find good blogs in your niche that accept guest posts. You can either search manually or make it easy for yourself by registering for free with MyBlogGuest, which matches guest bloggers with blogs that accept guest posts. Write and submit your best articles to get the maximum exposure. Don’t just submit the article and leave. Make sure you follow up and respond to comments and questions that readers of those blogs ask. Submit your site to review sites that write reviews on other websites and blogs, like CoolSiteOfTheDay. Submit your blog to BlogCatalog. People love free stuff, so give out freebies that are related to your niche. If you are in “online money making” niche, a free ebook that teaches people who to make money on Twitter might make an appropriate freebie. Write a page on 43things.com about your blog and what you want to do with it. Use your keywords in the title of your posts. Having your keyword in the title makes it easier for you to rank for that keyword, thus bringing you more organic traffic. Use your blog’s name as your username on forums, social networking sites, and other places like YahooAnswers. People are curious by nature, so they may check out your blog out of curiosity and if you have good compelling content, they may become your loyal readers. Make a bumper sticker with your blog address on it, and place it on your car’s bumper. You can even ask your friends and family to do the same for you! Make a Twitter profile for your blog and tweet each and every post you publish on your blog. Register with EntreCard and start dropping your card on other blogs. You will be amazed how much traffic you can get from EntreCard. Register with ComLUV.com and download their plugin.Then use the Global CommentLuv Search to find blogs related to your niche and comment on them. It will return up to ten (recent) posts that will be sent back when you comment on a CommentLuv enabled site. Most are dofollow blogs, and you will get dofollow links back to your most recent posts. This is good for link building and getting some traffic. Make a free ebook with a link back to your site in it, and submit it to free ebook sites like GetFreeEbooks.com. Buy .info domains with long-tail keywords in them and use a redirect to send the traffic they receive to your main site. Rent a mailing list and send high-quality content with a link back to your site to all the subscribers. Take care with this technique so that you’re not blacklisted as a spammer, though. Find a reputable list broker—or, if in doubt, why not start your own? Post a classified ad on eBayClassified with a link to your site. When you eat out, leave a good tip along with a business card with your site info on it. Create a short report with resell rights and and include your links in the report. Give it to people for free: those people can sell the report to others as their own, so long as they don’t remove your links. The results of this technique will surprise you. Come up with a really crazy but buzz-worthy post and submit it to NowPublic.com (Previously known as Truemors). If it’s good enough, it might just go viral! Go to YouTube, find popular videos related to your niche and start commenting on those videos with a link back to your blog. Youtube videos get thousands of views, and since most people are sociable creatures, they will read the comments no matter how far down the list your comment is. Create a page (personal or business) at LookUpPage.com. You can add as many links to your blog as you like. Write a short “about” post about yourself or your blog, and make sure to link to your Twitter and other social networking sites as well. After creating the page, bookmark it using SocialMarker and ping it with Pingler (or any other tools you like). Register with Visible.me for free, and add links and information about your blog. Its a great way to build your brand and get a few backlinks from a high-PR (6) dofollow site. Submit your RSS feed to RSS aggregators. Here, I don’t mean just your blog’s RSS feed: grab the RSS url of every site you have a link on (example: if you submit articles to ezine.com, you will have your own “author RSS” URL), and go to RssMix.com. It will let you make a custom RSS feed. Take that and submit it to RSS directories and aggregators. This will put your RSS feed on steroids—and will give you many more backlinks. Make a few (yard) signs with your blog’s URL and a good title related to your niche, and place them on highway exit ramps, at busy intersections, and so on. Make sure you abide by the laws in your own state or country if you try this approach. Put an ad in your local newspaper. If you live in a small town, it may not be very expensive to have an ad on your local newspaper—or on TV or radio, for that matter. Order some T-shirts with your blog URL and title printed on them and give them away. People will check out your URL! This is just for fun, so enjoy it! Make a big and I mean big sandal (or flip flop) with your blog’s URL engraved on the bottom, go to a busy beach, and start walking all over the sand! Leave your mark for others to see.
These methods will keep you busy for a while. But perhaps the most important tip I can give you is to be patient. Getting traffic to a blog takes time and a lot of work. You cannot expect to have hundreds of visitors after a few weeks, or months of starting your blog. But, if you are a dedicated person who’s willing to put enough time and effort into it, you can’t help but attract more visitors to your blog over time.
Which of these ideas do you like? What has or hasn’t worked for you? Share your experiences with us in the comments.
As an incredibly wealthy investor and philanthropist, Buffett has pledged to give away 99 percent of his wealth, either during his life or when he dies. He started by promising 83 percent of it to the Gates Foundation.
The Oracle of Omaha isn't worried about his children not getting their fair share. Echoing a common sentiment on this list, Buffett once said "I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing."
Michael Bloomberg Michael Bloomberg
The mayor of New York City gets paid $1 a year for his government duties because with a net worth of $19.5 billion, he's pretty much set financially.
But Bloomberg is also an avid philanthropist, having donated millions to Johns Hopkins University, the Carnegie Corporation, and thousands of other non-profits. In his letter to The Giving Pledge, Bloomberg wrote that "nearly all of my net worth will be given away in the years ahead or left to my foundation."
Bloomberg's two daughters, however, may be left to foot the bill upon his death. Bloomberg once said "the best financial planning ends with bouncing the check to the undertaker."
Gene Simmons Gene Simmons
The bassist for KISS, one of the best selling American bands of all time, is a self-made man. He was born in Israel, moved to Queens with his mother, and started a group that would end up compiling 28 gold records over the years.
Simmons wants the same path for his two kids, Nick and Sophie: "...in terms of an inheritance and stuff, they're gonna be taken care of, but they will never be rich off my money. Because every year they should be forced to get up out of bed, and go out and work and make their own way." So the $300 million bucks that belong to Simmons will be headed somewhere else upon his death.
The founder and chairman of Microsoft is often cited as one of the richest people in the world, if not the richest. But Bill and wife Melinda aren't interested in keeping that money for themselves, or for their three children.
"I knew I didn't think it was a good idea to give the money to my kids. That wouldn't be good either for my kids or society," he told The Sun in 2010.
Instead, the Bill & Melinda Gates Foundation was founded in 1994, and today has assets of over $37 billion dollars. In fact, the Foundation also started "The Giving Pledge," which invites other wealthy individuals to join the Gates' lead and donate half their money to charity.
Marcus grew up in Newark, New Jersey to Russian immigrant parents, and went on to start Home Depot. His retail success helped him accumulate $1.5 billion in net worth. His philanthropic efforts include funding the Georgia Aquarium and starting the Marcus Foundation.
Not wanting his kids to inherit large sums of money — for their own good, he says — Marcus plans on giving the majority of his Home Depot stock to his foundation, which benefits the handicapped and education.
Turner is such a prominent philanthropist that he is as famous for giving away money as he is for making it.
After accumulating his wealth through the founding of media outlets like CNN and TBS, Turner has gone on to give literally billions of dollars to causes like the United Nations Foundation.
Turner has five children from three marriages, but they shouldn't be expecting a large endowment once he passes. Whether jokingly or not, Turner was quoted in 2010 as saying he was "almost to the edge of poverty" and just wants enough money to cover funeral expenses when he dies.
William Barron Hilton
William Barron Hilton
Hilton in 1986
Hilton, as the name suggests, is head of the Hilton Hotels Corporation, which he inherited from his father Conrad. Conrad left 97 percent of his wealth to charity, but Barron contested the will and ended up receiving a sizable fortune instead.
The grandfather of socialite Paris Hilton may have been thinking of his hard-partying progeny when he decided to follow in his father's footsteps, pledging to leave 97 percent of his money to the Conrad N. Hilton Foundation, with an immediate pledge of $1.2 billion. The remaining 3% will be given to his heirs, including his eight children and their offspring.
T. Boone Pickens
T. Boone Pickens
Pickens spent his whole life — from delivering newspapers to taking over Gulf Oil — making money via acquisition. The corporate raider now has a net worth of $1.4 billion because of it.
So it's no surprise that Pickens isn't in favor of handing his money over for free, even to his kids. Pickens is one of America's billionaires to take The Giving Pledge, donating at least half of his money to charity. And when asked about leaving money for his children, he had this to say: "I've long stated that I enjoy making money, and I enjoy giving it away ... I'm not a big fan of inherited wealth. It generally does more harm than good."
The following are 10 most important rules which can turn you a consistent Winner if applied properly with discipline
1. Divide your Risk Capital in 10 Equal Parts.
As part of the Successful money management, it is always advised to divide your Risk Capital (which you can afford to lose) into 10 equal Parts and at any given time none of your Single Trade should have more than 3 parts of your capital in it even if you are in a winning position. At the same time always keep some spare money for any Buying Opportunity, which may come any time.
2. Trade ONLY in active & high Volume Stocks/ Futures.
Many Traders get stuck with stocks for want of liquidity. Always rely upon Stocks which have reasonably high volume over a period of time. High Volume are always advised for easy Entry, Exit and Stop Loss. In low volume stocks the spread is too high and chance of Stop Loss limit getting failed is too high as there would be no Buyer or seller at your Stop Loss Level.
3. Come Prepared with a Trading Plan
Successful traders always keep their Trading Plans ready before entering into any transactions. One must prepare a Watch List or Probable candidates for Day's trading and remain focused on the movement of those stocks only. For example a Stock 'X' is on verge of a Bullish Breakout from any pattern or stock 'Y' has declined substantially after an initial sharp upmove or stock 'Z' is close to an important support level. Successful trader would concentrate on the movement of those stocks only and enter the trade as soon as stock 'X' gives the anticipated breakout or stock 'Y' starts an upmove or stock 'Z' breaks the support level to initiate a trade for quick gains.
4. Never Over Trade
This is the most common mistake committed by Traders, particularly after a Streak of winning Trades. This mistake generally not only wipes off all the profits, but puts traders in heavy losses. In order to remain in market while making consistent Profits, under no circumstances, traders should go beyond their Risk Capital.
5. Trade in 2 to 4 Stocks at a time with strict Stop Loss.
In a Bull move, most of the stocks move up and similarly in any Bear Move, most of the stock moves southwards. As a Trader you know this fact but can you Buy 20 Stocks and try to make profit in all the 20 stocks just because all are moving up or vice versa in a Down trend? What will happen if market reverses without any indication on any bad news? Would you be able to monitor all your trades in such situation? Smart and Successful trader would trade in 2 to 4 stocks with strict Stop Loss and keep a strict vigil to avoid any misfortune in case of any eventuality.
6. Sell Short as often as you go Long.
More than 90% of common investors/ Traders are 'Bulls' by nature. Because they love to see prices going up only. Stocks are bought by anybody/ corporate/ financial institutions/ Mutual Funds to make profit on rise. They have large holdings and mentally they wish and pray for the market to rise only. But facts are different. History shows that Bull Phases have shorter duration that Bear phases. So every stock that moves up will retrace back to 38%-50%-66%. Since 90% investors are Bulls by heart they normally do not book profit at higher levels to re-enter later at lower levels instead they prefer to increase their portfolio at lower levels. Successful Traders know how to capitalize such correction. They are always prepared to go 'Short' as often as they trade
7. Don't Trade if you are not Clear.
Many Traders, because of their daily habits trade even when there are no signals to buy or short. Normally such situation arrives after a sharp rise or decline when stocks are adjusting their values. While some stocks attempt to move up, few may be taking breather before next move. Such situation are often confusing. There is no harm in taking rest for a day or two or short period if the trend is choppy, unclear or doubtful, instead of putting your money at higher risk.on 'Long' side.
8. Don't expect Profit on Every Trade.
If you consider you are a smart trader who can make profit on every trade, you are 100% wrong. Always be flexible and accept the fact as soon as you realize that you are on wrong side of the trade. Simply get out of the trade without changing your strategy during the market; it may cause you double losses.
9. Withdraw portion of your profits.
The business of Trading is excellent as long as you are making profits. Unlike other business your losses can be unlimited and rapid if market does not move as per your expectations. While in other businesses you may have other remedial measures available but in trading it is you only who has to control it. Traders have large egos particularly after series of successful trades and their tendency to enlarge commitments in overconfidence may cause major financial set back. There fore it is must that trader must take a portion of the profit and put it in separate account. This is absolutely must for long term stability in the market.
10. 'Tips'/'Rumors' can ruin you sooner or later- Don't follow them.
Tips and Rumors are part of the game in Stock market. In most cases these are spread by vested interests through brokers, media, analysts, or other rumor mongers in the interest of any particular company well before their IPO's, or to reduce/enlarge holdings or whatever reason. But instead of relying on Charts which are the translated copy of Price Action of any scrip based on demand supply. While you may be lucky if you have had made profits on such 'Tips' but there are 100% chances that you are likely to be trapped in sooner or later if trading on 'Tips' or 'Rumors' is part of your strategy. Believe in Charts, act on Charts. There is no second best option.
The following are 10 most common but deadly Trading Mistakes, which traders should avoid at all costs. Anyone of them can literally destroy one's financial dreams and goals!
1. Trading for excitement & thrill Not for profits. Many traders consider stock market as casino and trade for thrill and fun only. As soon as one has a losing trade, he wants to quickly make back the lost money. He thinks about the other things he could have done with the money, regret taking the trade and want to recover as quickly as possible. This in turn leads to further mistakes. Be patient and wait for the next high probability opportunity. Don't rush back in.
2. Trading with a high ego. Many individuals who have remained highly successful in other business ventures have failed miserably in trading game. Because they have a fairly big ego and thought they couldn't fail. Their egos become their downfall because they can not except that they would be wrong and refuse to get out of bad trades. Once again, whoever or wherever has any one come from does not concern the markets. All the charm, powers of persuasion, number of degrees & diplomas of business management on the wall or business savvy will not budge the market when you are wrong.
3. Three 4-letter words that will kill you! HOPE--WISH--FEAR--PRAY If you ever find yourself doing one or more of the above while in a trade then you are in big trouble! Markets has own system of moving up & down. All the hoping, wishing and praying or being fearful in the world is not going to turn a losing trade into a winning one. When you are wrong just use a simple 4-letter word to correct the situation-GET OUT!
4. Trading with money you can't afford to lose. One of the greatest obstacles to successful trading is using money that you really can't afford to lose. Examples of this would be money that is supposed to be used in any other business, money to be paid for college/school fee, trading with borrowed money etc. Ultimately what happens is that when someone knows in the back of their mind that they are risking the money they can not afford to lose, they trade out of fear and emotion versus logic and no emotion. If you are in this situation It is highly recommend that you stop trading until you earn enough to put into an account that you truly can afford to lose without causing major financial setbacks. 5. No Trading Plan If you consider yourself a trader, ask yourself these questions: Do I have a set of rules that tell me what to buy, when to buy and how much to buy, not just for the next trade, but for the next 10 trades? Before I enter a trade, do I know when I will take profits? Do I know when I will get out if I am wrong? These questions form the first part of a trading strategy. There simply cannot be any expectation of success if we can't answer these questions clearly and concisely.
6. Spending profits before you make them. Nothing is more exciting then getting into a trade that blasts off and puts you into a highly profitable situation. This can cause major problems however, because this type of trade puts you in a highly euphoric state and leads to daydreaming about the huge profits still to come. The real problem occurs as you get caught up in the daydream and expectations. This causes you to not be prepared to get out as the market reverses and wipes off all your profits because you have convinced yourself of the eventual outcome and will deny the reality of the situation. The simple remedy for this is to know where and how you will take profits once you enter the trade.
7. Not Cutting Losses or letting Profits run One of the most common mistakes made by traders is that they let their losses grow too large. Nobody likes to take a loss, but failing to take a small loss early will often result in being forced to take a large loss later. A great trader is not someone who has never had a loss. Great traders have made many losses. But what makes them great is their ability to recover quickly from a string of losses. Every trader needs to develop a method for getting out of losing trades quickly. Research and learn to apply the best methods for placing protective stoploss orders. The only way to recover from many (small) losing trades is to make sure the winning trades are much larger. After a series of losing trades, it becomes difficult to hold a winning trade because we fear that it will also turn into a loss. Let your profitable trades run. Give them room to move and give them time to move.
8. Not Sticking to your plans & Changing strategies during market hours If you find yourself changing your strategy during the day while the markets are still open, be mindful of the fact that you are likely to be subject to emotional reactions of fear and greed. With rare exception, the most prudent thing to do is to plan your trading strategy before the market opens and then strictly stick to it during trading hours.
9. Not knowing how to get out of a losing trade. It's amazing that most of the traders don't have any clear escape plan for getting out of a bad trade. Once again they hope, pray wish and rationalize their position. It must be kept in mind that market does not care what you think. It does what it does and when you are wrong you are wrong! The easiest way to keep a bad trade from going really bad is to determine before you get in, where you will get out.
10. Falling in love with a stock (Just Flirt). Many traders get fascinated by just a stock or two and look for opportunities to trade in those stocks only ignoring the other profitable trading opportunities. It is because they have simply fallen in love with a stock to trade with. Such tendencies can be suicidal as for as trading is concerned. It may cost any one dearly.
Q. How can you drop a raw egg onto a concre...te floor without cracking it? A. Concrete floors are very hard to crack! (UPSC Topper)
Q. If it took eight men ten hours to build a wall, how long would it take four men to build it? A. No time at all it is already built. (UPSC 23rd Rank Opted for IFS)
Q. If you had three apples and four oranges in one hand and four apples and three oranges in the other hand, what would you have? A. Very large hands. (Good one) (UPSC 11 Rank Opted for IPS)
Q. How can you lift an elephant with one hand? A. you will never find an elephant with one hand. (UPSC Rank 14 Opted for IES)
Q. How can a man go eight days without sleep? A. No Probs, He sleeps at night. (UPSC IAS Rank 98)
Q. If you throw a red stone into the blue sea what it will become? A. It will Wet or Sink as simple as that. (UPSC IAS Rank 2)
Q. What looks like half apple ? A: The other half. (UPSC - IAS Topper )
Q. What can you never eat for breakfast? A: Dinner.
Q. Bay of Bengal is in which state? A: Liquid (UPSC 33 Rank)
Interviewer said "I shall either ask you ten easy questions or one really difficult question. Think well before you make up your mind!" The boy thought for a while and said, "my choice is one really difficult question." "Well, good luck to you, you have made your own choice! Now tell me this. "What comes first, Day or Night?" The boy was jolted into reality as his admission depends on the correctness of his answer, but he thought for a while and said, "It's the DAY sir!" "How" the interviewer asked. "Sorry sir, you promised me that you will not ask me a SECOND difficult question!" He was selected for IIM!
Technical Skill is the mastery of complexity, while Creativity is the master of presence of mind. This is a famous paper written for an Oxford philosophy exam, normally requiring an eight page essay answer and expected to be backed up with source material, quotes and analytical reasoning. This guy wrote the below answer and topped the exam!
* OXFORD EXAMINATION BOARD 1987* *ESSAY QUESTION* Question: What is courage? (50 Marks) Answer (After 7 blank pages, at the end of the last page…): This is courage.