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For the outside world, the stock market is perceived as both dangerous and seductive. When the topic appears, the eternal pictures of traders practicing their craft on the crowded New York Stock Exchange always come to mind. While stock exchanges are still as chaotic as ever, the vast majority is done electronically via computer systems and the Internet. These technological advances have made it easier than ever before to get involved personally in the stock market, but the question that stands at the forefront of these opportunities is “just because you can get involved in the stock market, should you get involved?

Online brokers have made great progress in retail. They advertise on television and online, and tout their commission rates as the lowest around. Opening an account with one of these brokerage houses can take only 15 minutes, and once the funds are settled you can start trading. The idea that most people, at least initially, is that they want to have a more direct impact on their financial future. Maybe they feel that they can manage their money better than a financial professional, or maybe they just have the best idea about the company or stock exchange as a whole and plan to get rich with minimal effort.

The sad truth is that stock exchanges should not be approached as “getting rich, fast” opportunities. The most successful traders have spent a huge amount of time learning ins and out in this field. Strict plans are created and followed in order to minimize emotional decision making. There are many printed and online resources available to teach the fundamentals of the stock market, but the fundamentals will only get you so far.

I’ve spent a lot of time trading the day and learned from the many pitfalls of the stock market, and although I’m far from the master of all things finance I’m now much more educated than when I started. When I tell friends, colleagues and others about my experience, I always ask myself the same questions.

– How much money did you earn?
– What did you trade?
– How much do I have to start?
– If I gave you X, what could you do to me?

All these questions are important, but if you have to ask them, I can’t answer them in a short, five-minute conversation. The most frequently asked questions were about the cost of setting up a business and the most frequently asked question was “How much do I have to start”. There are many types of securities you can buy and sell, whether stocks, bonds, foreign exchange and more, and each type of security requires different amounts of capital. One constant that many people forget about, however, is the cost of commissions. These “low commission rates” visible in advertisements are not as low as it initially seems. As an example, let’s say I wanted to make a $1000 investment in stocks, and my brokerage house will charge me a commission of $5. This commission is charged when I place a purchase order, and it is also charged when I place a sale order. This means that I’m already $10 in red, and to recover this cost I had to make at least a 1% refund. Now this percentage may not seem too high, but commission costs add up over time, and eat up a good portion of the few profits you have.

The second most common comment I usually see is when friends ask me if they provide me with funds or if I will exchange them for them. Whenever I receive this question, I always refer my friends to a professional financial advisor whose whole career is based on investing your capital. Just because you have a friend who trades every day does not necessarily mean that he is ready to risk both your money and his own. The topic of financial advisors raises one more very important issue, namely that if you don’t have a financial background, it is highly recommended that you have a professional service for your investments. These professionals understand the needs of some concepts, such as diversification, portfolio management, and will always have access to more market information than you.

This issue has been raised again: “If you have access to tools for daily trading, should you? If you don’t want to sacrifice time and effort to learn everything that makes the market vulnerable, you will most likely fail. It’s a cold, hard truth that something you approach as a potential hobby is practiced daily by professionals and all this to make a profit. Analogy often consists of unaware traders who are often as lucky as going to the casino and playing roulette, but I would say that the reality of the matter is more harsh. It would be the same as sitting at a poker table with professionals and not knowing how to play poker. In playing poker it is just as likely.

You can write a business plan for retail business

A business plan is an important part of commercial planning. Proper planning is crucial for business success. This is important for large and small advertisements, also for non-profit organisations.

The above document is an ideal tool to transform your strategic plan into a detailed project to effectively manage your business. The planning document contains formal business objectives, the reasons why the objectives are achievable and a detailed roadmap to achieve these objectives. The roadmap also contains basic information about the organisation and management team.

The roadmap is a powerful management tool.

The plan is a written roadmap of a strategic business plan. A well-considered and surveyed business plan will increase the chances of commercial success.

Correctly executed, it gives strategic direction to the management and employees of the company.

Your plan is a dynamic document that needs to be updated regularly as your business grows and changes occur.

Writing the right plan is easier than most people think. The first important thing is to find a business plan template that contains all the important elements that need to be covered. Templates are available on the Internet or on our website.

The success of any plan depends on the quality of the research you do. In the case of retail businesses you need to devote extra time to establishing the correct profit margins. Talk to and research other comparable retail companies to establish realistic profit margins.


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