Failure to plan is planning to fail

Failure to plan is planning to fail A very archaic saying often quoted in business is: Failure to plan is planning to fail. This may sound simplistic, but people who are resolute about being prosperous and successful, especially traders, they ought to memorize this saying by heart. If one chooses to consult any trader making money consistently, he will surely explain that, one only has only two choices, either to follow a well written plan or risk the likelihood of inevitable failure. An investment plan or written trading can be an additional benefit, as it makes you a part of the minority, which has successfully evaded a major road block, if not guaranteeing absolute success. The use of inefficient methods may delay the probability of your success, but not without skirting you in the right direction to chalk out and set up your own course of work The key to understanding this is carefully studying the various processes involved, how they work and also how to make them work in the most economical manner. The Key To Avoid Disaster The first major lesson to inculcate is to treat trading like a business only to succeed, because that is what it is. Doing things such as opening brokerage accounts, reading trade books, etc. is not exactly the right business idea, on the contrary being the disastrous recipe. According to John Novak, who is an experienced developer and trader of the T3 Fibs Pro-Trader Program, following a well-written trading program is essential to avoid failure in the market scenario. He and his wife, who is his business associate in a software systems company, run trading chat-rooms to help educate traders in learning how to utilize their software and moreover, learning the all-important art of trade. Concisely, their software aids in identifying the Fibonacci areas in terms of resistance and support, in different time frames and provides the traders important data with respect to the specific areas, from which they may enter or exit the market. The trader should acquire an important knowledge of as to when the market may have a tendency to reverse or pause, so that he/she may take the necessary action to avoid it. Novak also states that even for the best of trading programs, consequent analysis and market data, the odds leading to a consistent range of success varies from bleak to nil with the absence of a written plan. He states that his website offers good examples of plans for trading, while making the market information useful to both, clients and non clients alike. He also advises that a good trade plan must evolve and changes must be bought about eventually like in a market, improving gradually with time. A plan shouldnt be altered while trading but should be surely revised after the closing of the market as it may have been changed with the market conditions. It is necessary for each trader to make his or her own plan, while leaving a niche for personal flair and goals, as copying another trader does not leave the mark of a good trader. How to Develop the Master Plan? The essential 10 components which are utmost necessary for every plan are: 1. Assessment of skill The questions that arise include whether-The person is ready to indulge in trading? Do they have confidence about whether it will work out or not? Do they follow the various signals without even an inch of hesitation? If the answer to the above questions is no, one is advised to read the book by Mark Douglas, about zone trading and especially going through the trade exercises in it. Then one can gain sufficient knowledge about thinking in terms of probabilities and more importantly, the give or take battle ensuing in trading. The real pro traders are always able to envisage the market conditions and make money from those who lose money through their lack of planning.

Ge 1 Fw Format

GE 1 Fieldwork # 2 Pacing and Compass Traverse Objectives: 1. To be able to quickly estimate distances by means of pacing method. 2. To be able to determine directions by means of the magnetic compass. Instruments: Tape, Markers, Range Poles and Pocket Magnetic Compass Procedure: 1. Consider the polygon bounded by the sidewalks around Melchor Hall engineering building. Determine the lengths of the engineering block bounding lines by casually walking at the center of the pavement starting from any of its corners, going in a clockwise direction, until you reach the starting point.Take note of the number of paces that you make for each line. Also, determine their lengths using tape. 2. Determine the magnetic direction of the lines using the magnetic compass. The forward and back bearings must be determined for each line. 3. Make a sketch of the compass traverse indicating the perimeter distances and the direction of lines. Table 2 below indicates the required observed bearings (directio ns) and taped distances. Table2.Observed and Adjusted Bearings of the Compass Traverse OBSERVED BEARINGS LINE TAPED DISTANCE FORWARD BACK 1-2 2-3 3-4 4-1 4. Compute the relative precision of the pacing method by comparing the perimeter distance estimated by pacing and the perimeter distance determined by taping. Relative Precision (RP) = [Taped Distance (TP) – Paced Distance (PD)]/Taped Distance (TP). Show all necessary computations. The table indicating discrepancy and relative precision is shown in Table 3 below. Table3.Discrepancy and Relative Precision TAPED DISCREPANCY RELATIVE LINE NO. OF PACES PACED DISTANCE DISTANCE (PD-TD) PRECISION 1-2 1 2-3 3-4 4-1 = _____ = ______ 5. Write an individual typed report of this fieldwork in A4 size bond papers. Present properly the required results of the followed procedures, brief discussion of the results and a conclusion. Do not forger to mention your pace factor. 6. Submit individual report on or before 5:00 PM of July 12, 2012. L ate submissions have corresponding penalties. 2 1K

University of Newcastle

1)What segmentation base has Red Bull adopted to target consumers? How should Red Bull further segment the market in the future? When marketers begin instigate their strategy they will begin by selecting a marketing base at which they will aim their strategy. The Bases can be broken into four segments on the basis of two criteria: 1- Facts, which can be determined by a single objective or cognitions that are more abstract 2-Consumer rooted features relating to consumers physical, social and psychological needs versus consumption specific behaviour or preferences towards a product.Based on this criteria the four segments business use include: -Demographic, based on general features of human life -Geographic, based on the region the consumers live in -Behavioural, based on the consumers preferences towards products -Psychographic, based on the personality traits of consumers While many companies choose to aim their marketing strategy at a single consumer base, many successful companies choose to engage many segmentation bases with one marketing strategy. This process is called hybrid segmentation.This can be seen with Red Bulls â€Å"guerrilla marketing† strategy that established them as a successful company. It is clear that the marketing strategy segmented the market demographics and psychographic segments. For example the unique strategy that was developed to demographically target students/young adults and aimed to psychographically appeal due to their active and outgoing lifestyles. In order to continue their success in the market, Red Bulls targeted consumer base can be further segmented to increase profitability. ) How Does Red Bull arouse the motivations of consumers to purchase energy drinks? Motivation can be seen as the driving force that impels the consumer to act in fulfilling their needs, hopefully through the consumer purchasing their products. Red Bull achieves this through providing positive motivation for the consumer. 3) Describe the Bra nd Personality of Red Bull. Why do you think the concept of brand personality is so important to Red Bull?

Capital Punishment Does Death Equal Justice Essay

Capital Punishment: Does Death Equal Justice? Capital punishment causes the death of someone because that person killed someone else, yet only murderers suffer such a fate. Rapists do not endure rape, thieves do not have their possessions robbed, and those convicted of assault do not undergo a similar assault. or hundreds of years people have considered capital punishment a deterrence of crime. Seven hundred and five individuals have died since 1976, by means of capital punishment; twenty-two of these executions have already occurred this year (Death Penalty Information Center). Many U.S. citizens who strongly support the death penalty believe that capital punishment remains the best way to protect society from convicted killers.†¦show more content†¦For example: Connecticut executes offenders of capital felony crimes with nine categories of aggravated homicide, while California executes offenders of first-degree murder with special circumstances; train wrecking; treason; perjury (Death Penalty Information Center). These inconsistencies do not help the deterrence of crime, nor make those states that administer the death penalty crime-free. Statistics of murder rates in states without the death penalty compared to statistics in states that support the death penalty prove the lack of deterrence. For example, the average of murder rates per 100,000 population in 1999 among death penalty states was 5.5, whereas the average of murder rates among non-death penalty states was only 3.6 (Death Penalty Infomation Center). This lack of deterrence may exist in part, from the fact that executions occur in private, and society remains sheltered from its horrors. On the other hand, perhaps the repeated execution of prisoners by the state makes society gradually become more and more immune to the horror that should accompany the forfeiture of life. Though capital punishment does indeed fail to eliminate crime from the streets, the possible execution of innocent individuals outweighs many other concerns. Most capital punishment cases pose great difficulty in the determination of guilt or innocence beyond a reasonable doubt. An example of possible wrongful execution appears inShow MoreRelatedRacial Discrimination And Capital Punishment1682 Words   |  7 Pagesand capital punishment has been a heated topic discussed ever since the 1972 case Furman v. Georgia. In the article, â€Å"Does Racial Discrimination Make Capital Punishment Wrong?† by Stephen Nathanson, his position in this argument is affirmative as he argues that racial discrimination makes capital punishment wrong since death penalty is administered in an arbitrary manner. Arbitrariness is the quality of being determined by chance or impulse, and not by reason or principle. He claims capital punishmentRead More Capital Punishment Essay1132 Words   |  5 Pages Capital Punishment Should we kill killers is the question to answer regarding the controversial subject of capital punishment. There is strong support for both sides and many people have offered their opinions in writing for all of us to examine. John M. Olin, the Professor of Jurisprudence and Public Policy at Fordham University, gave us his Pro-Capital Punishment opinion in the Harvard Law Review in 1986. 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I will examine the philosophies of Immanuel Kant, and John Stuart Mill, with regards to their stance on the death penalty. John Stuart Mill (20 May 1806- 8 May 1873) was born in London, EnglandRead MoreShould Capital Punishment Be Abolish?981 Words   |  4 PagesShould capital punishment be abolish? The answer should definitely be, no. Without the death penalty, criminals would oppose the law more aggressively. Criminals would openly do as they like, because they would no longer have the restriction from the law. Meaning without the law, the crime rate would escalate greatly. Yet in light of this importance, opponents (against capital punishment) offer their oppositional viewpoints. They combat what they consider the menace of social order. They question:Read MoreA Liberal Perspective On Capital Punishment1247 Words   |  5 PagesPerspective on Capital Punishment The liberal ideology is based in the values of individualism, in that the individual themselves is important in their pursuit and struggle for freedom. There are some factors that are common in liberalism, some of which include: liberty, formation of equality and dominance of individuals in bearing within their society. This essay will discuss these ideas of liberalism in relation to how they support the controversial issue of capital punishment. Capital punishment is theRead MoreThe Canadian Justice System And Capital Punishment1713 Words   |  7 Pagesthe Canadian justice system in its views on capital punishment. Two men, Arthur Lucas, and Ronald Turpin was to be executed in Canada for committing crimes. Both had been accused of committing murder, Lucas for killing an officer while fleeing a robbery and Turpin for murdering an undercover narcotics officer. Both were hanged back to back at midnight and buried side by side with no marking on their graves. Lucas and Turpin were the last to be executed under capital punishment and since then