We all want to reach our goals – this is the fundamental reason of the investing.
We all want to reach our goals with our investments – this is the fundamental reason of investing in the first place. However, in order to make sure that any goal will not only be achievable for ourselves, but also that our clients will be satisfied with doing business with us in the long-term, we must establish a desirable outcome even before investment is made.
There is a fine line in trading that can make it a dream job or a dream investment, and conversely, a massive failure. So where is this distinction that will set us up to achieve our goals?
In 1969, British mathematician George Spencer wrote: “The first command: Draw a distinction.”
In these turbulent times, with more technology comes more strategies, followed by more traders and opportunities – we sometimes live on the edge of performance and often times forget what we must use as a reference point or barometer to evaluate our success. There are certainly successful investors of all the times, extraordinarily individuals who net 20% or more on average per year. However, these are very successful and will not even mange your money even if you have under $100 million to invest with them.
Mutual funds with outstanding performance and historical results average from 10 to 15 % yearly over a period of years. However, they may have few years in a row of negative performance and you must be willing to invest long-term to reach your results. That invariably means waiting a period of 10 to 15 years to achieve your results.
Having the right perception of investment is critically important, and that depends on the time we are willing to invest to learn. If we make some perception-based errors we are almost sure that we will not reach our goals. Overall, there are many critical factors when evaluating strategies of the trader to consider, though there are a few steps that should be in place before an investment is made.
Steps:
1. Defining outcomes in a reasonable time frame
Can we reach a target that is sometimes unknown? The answer is often times an obvious no.
For example, we have an investor who would like to net a 40% yearly target of a maximum drawdown of 20%. Anything above that target is a great result but not necessary – what is most essential is not to touch the 20% hard stop loss level. With this point abundantly clear and unwavering, it's worth noting what information or what proven money manager or strategy that we will utilize, as we can communicate clearly with the investor what is precisely the worst case scenario in the beginning.
This approach sets up the mind of a trader, IB (introducing business person), and investors in a much more relaxed way of doing business. We add trading activity that is appropriate for investment frame, and we are in the position not to just monito results, but also if trading behavior is in order with the outcome.
Clearly, everybody love profits, but with every profit there is a price in risk that we must pay or be mindful of. Thus, if we have a designated yearly outcome reached in just a few months, that is the indicator that potential risk is not aligned with a set up that is communicated with investor.
2. Bringing awareness to the potential problems resolves only 50% of the problem.
When we define what is problematic in the strategy or a trader, only then can we make steps that are needed to avoid negative outcomes.
3. Integrating a third person who can lead you through the process.
If we don’t have knowledge to resolve the problem, then we can look around to see where we can find a solution as solutions always exist. Usually, someone is already aware of the problem and can have solution(s) in mind. Then we can compare and contrast our experience and produce the desirable outcome that we have defined.
All successful people have coaches who can give them their advice and help them see clear in situations. World-class athletes usually have world-class coaches, physiotherapists, nutrition experts, etc.
We all want to reach our goals with our investments – this is the fundamental reason of investing in the first place. However, in order to make sure that any goal will not only be achievable for ourselves, but also that our clients will be satisfied with doing business with us in the long-term, we must establish a desirable outcome even before investment is made.
There is a fine line in trading that can make it a dream job or a dream investment, and conversely, a massive failure. So where is this distinction that will set us up to achieve our goals?
In 1969, British mathematician George Spencer wrote: “The first command: Draw a distinction.”
In these turbulent times, with more technology comes more strategies, followed by more traders and opportunities – we sometimes live on the edge of performance and often times forget what we must use as a reference point or barometer to evaluate our success. There are certainly successful investors of all the times, extraordinarily individuals who net 20% or more on average per year. However, these are very successful and will not even mange your money even if you have under $100 million to invest with them.
Mutual funds with outstanding performance and historical results average from 10 to 15 % yearly over a period of years. However, they may have few years in a row of negative performance and you must be willing to invest long-term to reach your results. That invariably means waiting a period of 10 to 15 years to achieve your results.
Having the right perception of investment is critically important, and that depends on the time we are willing to invest to learn. If we make some perception-based errors we are almost sure that we will not reach our goals. Overall, there are many critical factors when evaluating strategies of the trader to consider, though there are a few steps that should be in place before an investment is made.
Steps:
1. Defining outcomes in a reasonable time frame
Can we reach a target that is sometimes unknown? The answer is often times an obvious no.
For example, we have an investor who would like to net a 40% yearly target of a maximum drawdown of 20%. Anything above that target is a great result but not necessary – what is most essential is not to touch the 20% hard stop loss level. With this point abundantly clear and unwavering, it's worth noting what information or what proven money manager or strategy that we will utilize, as we can communicate clearly with the investor what is precisely the worst case scenario in the beginning.
This approach sets up the mind of a trader, IB (introducing business person), and investors in a much more relaxed way of doing business. We add trading activity that is appropriate for investment frame, and we are in the position not to just monito results, but also if trading behavior is in order with the outcome.
Clearly, everybody love profits, but with every profit there is a price in risk that we must pay or be mindful of. Thus, if we have a designated yearly outcome reached in just a few months, that is the indicator that potential risk is not aligned with a set up that is communicated with investor.
2. Bringing awareness to the potential problems resolves only 50% of the problem.
When we define what is problematic in the strategy or a trader, only then can we make steps that are needed to avoid negative outcomes.
3. Integrating a third person who can lead you through the process.
If we don’t have knowledge to resolve the problem, then we can look around to see where we can find a solution as solutions always exist. Usually, someone is already aware of the problem and can have solution(s) in mind. Then we can compare and contrast our experience and produce the desirable outcome that we have defined.
All successful people have coaches who can give them their advice and help them see clear in situations. World-class athletes usually have world-class coaches, physiotherapists, nutrition experts, etc.
Crypto Prime Broker GCEX Promotes Gulf Sales Executive to Head Dubai Unit
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Capital.com Targets UK Crypto; Devexperts Gets Indonesia Approval
Capital.com Targets UK Crypto; Devexperts Gets Indonesia Approval
Capital.com Targets UK Crypto; Devexperts Gets Indonesia Approval
Capital.com Targets UK Crypto; Devexperts Gets Indonesia Approval
Today’s financial news recap covers Capital.com appears to be moving into the UK crypto market, and Devexperts wins approval in Indonesia and Tickmill UK's trading revenue falls.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers Capital.com appears to be moving into the UK crypto market, and Devexperts wins approval in Indonesia and Tickmill UK's trading revenue falls.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers Capital.com appears to be moving into the UK crypto market, and Devexperts wins approval in Indonesia and Tickmill UK's trading revenue falls.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers Capital.com appears to be moving into the UK crypto market, and Devexperts wins approval in Indonesia and Tickmill UK's trading revenue falls.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
What’s the biggest risk B2B finance and brokerage companies may be overlooking?
What’s the biggest risk B2B finance and brokerage companies may be overlooking?
What’s the biggest risk B2B finance and brokerage companies may be overlooking?
What’s the biggest risk B2B finance and brokerage companies may be overlooking?
What’s the biggest risk B2B finance and brokerage companies may be overlooking?
What’s the biggest risk B2B finance and brokerage companies may be overlooking?
Operational risk and a failure to understand internal processes.
Companies can focus heavily on growth and protecting the bottom line, but if internal processes aren’t properly understood, they can create vulnerabilities that are easy to overlook.
According to Jeff Patterson, structured education can help professionals understand how these processes work and how to maintain compliance.
#FinanceMagnates #FMAcademy #OperationalRisk #Fintech #Compliance
Operational risk and a failure to understand internal processes.
Companies can focus heavily on growth and protecting the bottom line, but if internal processes aren’t properly understood, they can create vulnerabilities that are easy to overlook.
According to Jeff Patterson, structured education can help professionals understand how these processes work and how to maintain compliance.
#FinanceMagnates #FMAcademy #OperationalRisk #Fintech #Compliance
Operational risk and a failure to understand internal processes.
Companies can focus heavily on growth and protecting the bottom line, but if internal processes aren’t properly understood, they can create vulnerabilities that are easy to overlook.
According to Jeff Patterson, structured education can help professionals understand how these processes work and how to maintain compliance.
#FinanceMagnates #FMAcademy #OperationalRisk #Fintech #Compliance
Operational risk and a failure to understand internal processes.
Companies can focus heavily on growth and protecting the bottom line, but if internal processes aren’t properly understood, they can create vulnerabilities that are easy to overlook.
According to Jeff Patterson, structured education can help professionals understand how these processes work and how to maintain compliance.
#FinanceMagnates #FMAcademy #OperationalRisk #Fintech #Compliance
Operational risk and a failure to understand internal processes.
Companies can focus heavily on growth and protecting the bottom line, but if internal processes aren’t properly understood, they can create vulnerabilities that are easy to overlook.
According to Jeff Patterson, structured education can help professionals understand how these processes work and how to maintain compliance.
#FinanceMagnates #FMAcademy #OperationalRisk #Fintech #Compliance
Operational risk and a failure to understand internal processes.
Companies can focus heavily on growth and protecting the bottom line, but if internal processes aren’t properly understood, they can create vulnerabilities that are easy to overlook.
According to Jeff Patterson, structured education can help professionals understand how these processes work and how to maintain compliance.
#FinanceMagnates #FMAcademy #OperationalRisk #Fintech #Compliance
Trade Republic Account Switch; eToro and Alpaca Get SEC Relief
Trade Republic Account Switch; eToro and Alpaca Get SEC Relief
Trade Republic Account Switch; eToro and Alpaca Get SEC Relief
Trade Republic Account Switch; eToro and Alpaca Get SEC Relief
Trade Republic Account Switch; eToro and Alpaca Get SEC Relief
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Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers Trade Republic gives some Portuguese clients two days to switch accounts, eToro and Alpaca receive SEC relief, the ECB launches Pontes, and Revolut outlines its low-lending banking model.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers Trade Republic gives some Portuguese clients two days to switch accounts, eToro and Alpaca receive SEC relief, the ECB launches Pontes, and Revolut outlines its low-lending banking model.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers Trade Republic gives some Portuguese clients two days to switch accounts, eToro and Alpaca receive SEC relief, the ECB launches Pontes, and Revolut outlines its low-lending banking model.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers Trade Republic gives some Portuguese clients two days to switch accounts, eToro and Alpaca receive SEC relief, the ECB launches Pontes, and Revolut outlines its low-lending banking model.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers Trade Republic gives some Portuguese clients two days to switch accounts, eToro and Alpaca receive SEC relief, the ECB launches Pontes, and Revolut outlines its low-lending banking model.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Why Companies Struggle to Turn Strategy into Action | Simon Andras | Simon Says Mindset
Why Companies Struggle to Turn Strategy into Action | Simon Andras | Simon Says Mindset
Why Companies Struggle to Turn Strategy into Action | Simon Andras | Simon Says Mindset
Why Companies Struggle to Turn Strategy into Action | Simon Andras | Simon Says Mindset
Why Companies Struggle to Turn Strategy into Action | Simon Andras | Simon Says Mindset
Why Companies Struggle to Turn Strategy into Action | Simon Andras | Simon Says Mindset
Why do companies struggle to turn their goals into actual results? In this studio interview, Simon Andras, Co-Founder of Simon Says Mindset, discusses his consultancy and how it helps companies identify the structural, communication, leadership, and performance issues holding them back.
Simon explains why third-party diagnosis can help uncover structural, communication, leadership, and performance issues, and why long-term change matters more than short-term motivation.
In this interview, you'll learn:
Why companies struggle to turn goals into action
How leadership and communication issues affect performance
Why delegation is essential for developing future leaders
How Simon Says Mindset approaches company diagnosis
Why traditional training and short-term motivation aren't enough
Simon's take on common business practices, from annual reviews to promoting top salespeople into management
#Leadership #BusinessConsulting #Management #BusinessStrategy #Fintech #FinanceMagnates
Why do companies struggle to turn their goals into actual results? In this studio interview, Simon Andras, Co-Founder of Simon Says Mindset, discusses his consultancy and how it helps companies identify the structural, communication, leadership, and performance issues holding them back.
Simon explains why third-party diagnosis can help uncover structural, communication, leadership, and performance issues, and why long-term change matters more than short-term motivation.
In this interview, you'll learn:
Why companies struggle to turn goals into action
How leadership and communication issues affect performance
Why delegation is essential for developing future leaders
How Simon Says Mindset approaches company diagnosis
Why traditional training and short-term motivation aren't enough
Simon's take on common business practices, from annual reviews to promoting top salespeople into management
#Leadership #BusinessConsulting #Management #BusinessStrategy #Fintech #FinanceMagnates
Why do companies struggle to turn their goals into actual results? In this studio interview, Simon Andras, Co-Founder of Simon Says Mindset, discusses his consultancy and how it helps companies identify the structural, communication, leadership, and performance issues holding them back.
Simon explains why third-party diagnosis can help uncover structural, communication, leadership, and performance issues, and why long-term change matters more than short-term motivation.
In this interview, you'll learn:
Why companies struggle to turn goals into action
How leadership and communication issues affect performance
Why delegation is essential for developing future leaders
How Simon Says Mindset approaches company diagnosis
Why traditional training and short-term motivation aren't enough
Simon's take on common business practices, from annual reviews to promoting top salespeople into management
#Leadership #BusinessConsulting #Management #BusinessStrategy #Fintech #FinanceMagnates
Why do companies struggle to turn their goals into actual results? In this studio interview, Simon Andras, Co-Founder of Simon Says Mindset, discusses his consultancy and how it helps companies identify the structural, communication, leadership, and performance issues holding them back.
Simon explains why third-party diagnosis can help uncover structural, communication, leadership, and performance issues, and why long-term change matters more than short-term motivation.
In this interview, you'll learn:
Why companies struggle to turn goals into action
How leadership and communication issues affect performance
Why delegation is essential for developing future leaders
How Simon Says Mindset approaches company diagnosis
Why traditional training and short-term motivation aren't enough
Simon's take on common business practices, from annual reviews to promoting top salespeople into management
#Leadership #BusinessConsulting #Management #BusinessStrategy #Fintech #FinanceMagnates
Why do companies struggle to turn their goals into actual results? In this studio interview, Simon Andras, Co-Founder of Simon Says Mindset, discusses his consultancy and how it helps companies identify the structural, communication, leadership, and performance issues holding them back.
Simon explains why third-party diagnosis can help uncover structural, communication, leadership, and performance issues, and why long-term change matters more than short-term motivation.
In this interview, you'll learn:
Why companies struggle to turn goals into action
How leadership and communication issues affect performance
Why delegation is essential for developing future leaders
How Simon Says Mindset approaches company diagnosis
Why traditional training and short-term motivation aren't enough
Simon's take on common business practices, from annual reviews to promoting top salespeople into management
#Leadership #BusinessConsulting #Management #BusinessStrategy #Fintech #FinanceMagnates
Why do companies struggle to turn their goals into actual results? In this studio interview, Simon Andras, Co-Founder of Simon Says Mindset, discusses his consultancy and how it helps companies identify the structural, communication, leadership, and performance issues holding them back.
Simon explains why third-party diagnosis can help uncover structural, communication, leadership, and performance issues, and why long-term change matters more than short-term motivation.
In this interview, you'll learn:
Why companies struggle to turn goals into action
How leadership and communication issues affect performance
Why delegation is essential for developing future leaders
How Simon Says Mindset approaches company diagnosis
Why traditional training and short-term motivation aren't enough
Simon's take on common business practices, from annual reviews to promoting top salespeople into management
#Leadership #BusinessConsulting #Management #BusinessStrategy #Fintech #FinanceMagnates
Revolut Reconsiders London Listing; NAGA CEO on Return to Profit
Revolut Reconsiders London Listing; NAGA CEO on Return to Profit
Revolut Reconsiders London Listing; NAGA CEO on Return to Profit
Revolut Reconsiders London Listing; NAGA CEO on Return to Profit
Revolut Reconsiders London Listing; NAGA CEO on Return to Profit
Revolut Reconsiders London Listing; NAGA CEO on Return to Profit
Today’s financial news recap covers NAGA CEO discusses its return to profitability, Revolut reconsiders a London listing, Warren Buffett is stepping down as chairman and the FCA targets illegal peer-to-peer crypto sites.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers NAGA CEO discusses its return to profitability, Revolut reconsiders a London listing, Warren Buffett is stepping down as chairman and the FCA targets illegal peer-to-peer crypto sites.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers NAGA CEO discusses its return to profitability, Revolut reconsiders a London listing, Warren Buffett is stepping down as chairman and the FCA targets illegal peer-to-peer crypto sites.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers NAGA CEO discusses its return to profitability, Revolut reconsiders a London listing, Warren Buffett is stepping down as chairman and the FCA targets illegal peer-to-peer crypto sites.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers NAGA CEO discusses its return to profitability, Revolut reconsiders a London listing, Warren Buffett is stepping down as chairman and the FCA targets illegal peer-to-peer crypto sites.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews
Today’s financial news recap covers NAGA CEO discusses its return to profitability, Revolut reconsiders a London listing, Warren Buffett is stepping down as chairman and the FCA targets illegal peer-to-peer crypto sites.
Finance Magnates Daily Recap brings you the latest news from forex and CFD brokers, fintech, payments, cryptocurrency, digital assets, trading platforms, financial regulation and global markets.
Get the key company news, executive moves, deals, regulatory updates and market developments of the day, in just a few minutes. New episodes published every weekday.
Read more: https://www.financemagnates.com
#FinanceMagnates #ForexNews #FintechNews