Commonly Asked Questions About Swimming Pool Safety Covers Prices
1. What is the percentage of profitable trades for successful day traders?
Flipping a coin and trading both produce a binary outcome. If you flip a coin 5 times, and heads wins and tails you lose, it could come up heads 5 times in a row. You would have 5 winners. However, if you flip a coin 100 times there will be an equal distribution of heads and tails, and your win loss ratio will be around 50%. The point is, the more you flip the coin more evenly the distribution of results. The same applies to trading. Trading is no different than flipping a coin. This is why I always tell traders, itu2019s not about a single trade, but a series of trades.
If you want your statistical average to be about 50% you need to trade a lot. How much is a lot? I am sure a statistician could calculate a #, but itu2019s probably 80 to 100 trades. You might have 3 winners, 1 loser, 2 winners, 6 losers, 1 winner, 3 losers, etc. They are random, and you donu2019t know what trade will be a winner or loser. This is the whole basis behind keeping losers small and letting winners run. Easy to type that into a sentence, and I can say it 100 times, but very few follow this approach. In fact, you and others will do the exact opposite. You will do the exact opposite because of how you were raised, what your were taught, and how you view success and failure.When I hear someone is winning 70% of their trades, my initial reaction isu2026that sucks, they arenu2019t making any money. What a minuteu2026but they are winning 7 out of 10 trades. They sure are, but their losses for those 3 trades will eat up the 7 winners.If I wanted to have a 80% win ratio I could do it. As soon as my option, stock, future, etc, goes green I close the trade. Just completely ignore everything else. Itu2019s green and I am out. If it goes red I wait for it to become green and probably half the time it will turn green, which in turn jacks up my win loss ratio. BUTu2026the times it does not come back, the lose will get bigger and bigger, and reach a point where you just have to get out. You just canu2019t afford to lose anymore money on the trade, as you watch you profits disappear. Because you closed those other trades as soon as they were winners, you didnu2019t make much on each one, but the losing trade you held, was 5 to 10 times the winners. So you only lost 1 trade and maybe won 5 other trades, your actually net winnings are negative.
This is why 95% of traders fail (itu2019s probably closer to 99.5%, but whatever).I win about 45% to 60% of my trades each week, so I expect to lose about 50% of my trades over the month, I just donu2019t know which trade it will be a winner or loser. Since I donu2019t know, I have to treat each loser the same, and follow a set of rules. I canu2019t follow rules on one trade but not another. I might get lucky and a big lose turns into a profitable trade, but I am not a gambler, Iu2019m a trader. Same applies to winners. I have to allow the winners to run. This is more of an art than a science, but it should be mechanical. The art is knowing how to use trailing stops, where to place the stops, when to scale out or when to add to a position, etc. The mechanical aspect is following a set of rules, just a computer. A rule gets triggered you execute. No exceptions. Computer donu2019t think, they donu2019t have emotion, they donu2019t trade based on how much money they have made on trade. Itu2019s based on a set of commands. This is how I exit a winning trade. My stop is hit, I am out. Sometimes the position will continue to run, but it came back and hit my stop, so I got out. Again, you donu2019t know how far a stock will run, so you have to give it room, but not allow it to come back too much and take a lot of profit away. Again, there is an art to this, but itu2019s mechanically executed.
What makes trading so frustrating for new traders, is they are usually very lucky or fortunate in the beginning. I can not tell you how many people start off and immediately make money on their first 5 or 6 trades. They really have no idea what they are doing, but it works out for them. As they learn and grow, their brain now looks at trades differently, over analyzes things, second guesses a decision, and they get more emotional about trades, etc. When you donu2019t have any pressure on yourself, or the money does not mean much, you donu2019t become emotional. But once you learn and grow, you expect more from yourself, put more pressure on yourself, and have money that matters at stake, and you get emotionally attached and invested, and this is what destroys traders. Itu2019s why you can kill it trading a sim account, but lose money when their is real skin in the game. Good luckWhat is the percentage of profitable trades for successful day traders?
2. Are thunderstorms in Asia harder to deal with as a pilot than in other regions of the world?
It's not so much about "Asia" as it is about "The Intertropical Convergence Zone(s)".nVariation in the location of the intertropical convergence zone drastically affects rainfall in many equatorial nations, resulting in the wet and dry seasons of the tropics rather than the cold and warm seasons of higher latitudes. Longer term changes in the intertropical convergence zone can result in severe droughts or flooding in nearby areas.
nThe areas that the ITCZ covers tend to experience heavier rainfall, larger thunderstorms and, depending on seasonal variations, Tropical Cyclones.nThe location of the intertropical convergence zone varies over time. Over land, it moves back and forth across the equator following the sun's zenith point. Over the oceans, where the convergence zone is better defined, the seasonal cycle is more subtle, as the convection is constrained by the distribution of ocean temperatures. Sometimes, a double ITCZ forms, with one located north and another south of the equator. When this occurs, a narrow ridge of high pressure forms between the two convergence zones, one of which is usually stronger than the other.
nTowering thunderstorms in the ITCZ commonly pile up to heights well above what an airliner can fly over. 55,000ft stormcloud tops are not unusual, associated with hail, ice, lightning and other hazards to aviation.nRecently a Singapore airlines flight was flying through similar weather when, it encountered bad weather at 39,000ft about three and a half hours after departure. Both engines experienced a temporary loss of power and the pilots followed operational procedures to restore normal operation of the engines.nYou can read more about it at Singapore Airlines Flight Suffers Engine Failure en Route to Shanghai nThe Air France flight 447 crash Air France Flight 447 also appears to have been effected by weather associated with the ITCZ over the tropical south Atlantic ocean near Brazil.nMost of Asia, from Indonesia to China lies inside the latitudes suseptible to the ITCZ phenomenon, but so too is much of Central America and sub-saharan Africa.
Are thunderstorms in Asia harder to deal with as a pilot than in other regions of the world?
3. Is there a place (like a website, for instance) where I could share my poetry and other writings?
For the new writers, itu2019s always very hard to find a place to publish their work. And if someone finds one there is always a confusion of from where to publish their craft.Below is a section that represents the best sources of manuscript agent advice, publishing tips, publishing resources and much more.
.Lulu PublishingIt is a North Carolina base book publishing platform.ProsGreat expert team. The work they do their covers designs publishing ideas are way too good.ConsIf you get your book published there, well and good, but the first main step i.
e to contact them is not so easy. You will contact them twice, thrice even more times they donu2019t reply quickly. If by mistake you want your money back due to some authentic reason, still you wonu2019t get any response.2.Austin Macauley PublishersThis is a London based publishing house; whose branches are in New York and Sharjah as well. Following are some of its pros and cons that will help the new writers in their publishing process:ProsTheir online submission process is very easy and understandable and response time is also very good. For a newcomer, it wonu2019t be difficult to find the links where he has to submit the work.From a friendu2019s personal experience, who has published his book from Austin Macauley Publishers, this publishing house does take time for proofreading the manuscripts but they polish the manuscripts perfectly and their designers are also experts in their fields.
ConsThis firm takes three rounds of proofreading which takes a lot of time, and due to this long duration sometimes authors get exhausted.3.BlurpIt is an America based self-publishing platform.ProsThey provide you with the high quality of books.
Submission of the manuscripts is also very easy.ConsSometimes the cover designu2019s colour that they show in soft copy is good but when printed does not look the same. Donu2019t know whatu2019s this issue.Hope so these recommendations will help the new writers in their book publishing.
Is there a place (like a website, for instance) where I could share my poetry and other writings?