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Timothy Sykes is a Twitter user! Tweet tweet. If you want to be a day trader millionaire you could do a lot worse than to follow him…

Picture this. You can’t make any sense of the market, and things are going haywire. You take a deep breath, and quickly click your mouse. You breathe a sigh of relief when the sell confirmation appears on the screen. Six thousand shares had just sold at 7. That’s right, a $4,200 profit in only about 20 minutes. This, certainly, could become the highlight of a trading career. That was about the quickest $4200 that a person could ever make. It was 9:46 A.M. The rest of the day was now open.

Does this happen everyday to every trader? I think not. However, there are enough of these stories around that the mystique and appeal of independence can be a draw for those that hear of the possibilities, and want to become successful day traders.

Those who decide to make the commitment to day trading soon learn that the only thing day traders should be concerned about is the next five minutes. Every trade should be a precise, well-calculated move. The goal is to get in, get a profit, get out (as quickly and as safely as possible) and get away (don’t over trade the play). That is the daily routine of the day trader.

This might sound surprising, but it is not the job of the day trader to understand the “comings and goings” of the of market movement. The day trader’s sole responsibilities are these:

1) End each day “flat,” that is, without any positions;

2) Make a profit, no matter how large or small;

3) Keep all losses small and manageable.

The most important thing to the day trader needs to be the “fast buck.” Most people do not have a concept of the real work of the day trader. They confuse the role of trader with investor. Traders don’t invest. Traders trade. They are not necessarily concerned with long-term trends and market conditions. You won’t catch a day trader putting in a lot of time with The Wall Street Journal, long-term graphs, charts, and research. In fact, knowing too much could hurt the day trader. Things move too fast. There isn’t time to listen to brokers and analysts and to decipher rumors. Day traders may not even know the names of the businesses whose stock they are trading. The stock symbol is the important thing.

Besides the three responsibilities of the day trader, there are three goals:

1. To profit consistently and significantly from day trading;

2. To become better day traders with more experience;

3. To maintain a disciplined and business-oriented approach to help attain day-trading objectives.

Within the boundaries of the day trader’s responsibilities and goals, all market volatility, regardless of cause, must be approached as an opportunity for potential profit. A day trader is not concerned about what is right or wrong in the market nor does a day trader have time to consider the “why” of things.

A profit can be made even if a trader is only right 25 percent of the time, maybe even less. The key is making a lot of money on the good trades and only losing a small amount on the bad trades. The important thing is being right on the right ones. Conversely, a trader could make good trade picks 75 percent of the time and yet still lose money. This comes from being in too heavy on the bad picks. To come out on top a trader needs to admit when he has made a wrong pick and react quickly. Those who get stuck on the research and analysts’ calls, have overlooked the most important responsibility of a day trade – get the quick profit.

Day trading is an intense endeavor, which requires a strong focus. Besides the ability to concentrate to maintain that focus, the following key elements should be in place:

1) Attain knowledge – understand basic market workings and key trading techniques;

2) Display confidence – act on what is known and perceived;

3) Demonstrate the ability to act quickly – pull the trigger;

4) Have a willingness to learn- figure out why instead of getting mad;

5) Be able to accept failure and responsibility – don’t blame but learn and move on;

6) Manage money – during good times and bad times;

7) Have passion – be true and committed to beliefs;

Practice patience and restraint;

9) Show a facility with numbers

10) Be disciplined – make a set of rules and stick to them;

11) Stay healthy mentally and physically – stamina is needed for intense brain work;

12) Know yourself – how your brain works.

A day trader’s day can be extremely exciting, tremendously boring or somewhere in between. Being able to live with the ups and downs and at the same time maintaining a truly objective focus is a formula for success. A person who is a self-starter, enjoys independence, and thrives on challenges can be a successful day trader.

Remember, Get In, Get Profit, Get Out and Get Away! Make Floyd’s Four-Gets your day trader’s credo.

Happy trading!

How’s that credit crunch going for you? Maybe you managed to get some free petrol recently… all the same, things are a little tight for most, and destined to get tighter.

As more and more people search for a money making expert to guide them through these testing times, it’s never more important to diversify your income streams. Income streams? Yes, income streams!

But how can you do this relatively quickly and without having to learn all sorts of complicated stuff? Well, if you can work the basic functions of a computer, blogging to the bank is considered quite a good way. Lots of people are now getting blogs up and running on their favourite subjects, and supplementing their income by way of promoting affiliate products or displaying ads.

So don’t let the credit crunch beat you – create another income stream with a blog, and once the crisis is over, you’ll have some extra money for having fun!

Do you like to write? Would you like to get paid for writing? Well, you could try to write the next best-selling novel and catch the attention of a powerhouse publisher. That’s one way to make money by writing. Another way is to write on a blog.

“How can writing on a blog make you money?” I hear you ask.

The answer is: in various ways actually. If you don’t want your own blog, you can write for other people’s blogs and get paid for it. Triond for example, is a free membership site where you get paid for providing content for other people’s blogs, by earning royalties.

If you have your own blog, however, the options get blown wide open. This article explains all the different ways successful bloggers make money from their blog.

If you don’t know the first thing about starting a blog, then Blogging To The Bank is a nice product which can take you through it step by step.

Expert Found Blogging To The Bank Review.

Can I share something with you? But don’t tell the other guys ‘cos they’ll get upset. Promise? Okay. You see, I’ve got nothing against “health” or “computers” or “entertainment” or any of that stuff but, are they going to make what I like to call, the “Moolah Rouge”? Not bloody likely they’re not.

That’s why I like to concentrate on the money making experts out there. And I’m pleased to report, from the ones I have road-tested so far, there are a few I can say are worth their weight in gold. Click the links for more details, but depending on what takes your fancy, Blogging To The Bank, Doubling Stocks, and Paid Surveys Etc., are all smashers.

And if you need that little bit of help in the old entrepreneurial motivation stakes, you could do a lot worse than Success With NLP.

So yes, make sure you stay healthy with Emma’s tips, and keep your PC happy with Rich’s advice (yawn!) but for the cold hard cash, my section can’t be beat! Go to go now – the others have come back to the office. Don’t forget… Sshhhh!

We live in hard times and they’re going to get even harder they say. Boy, it’s depressing! So what can you do about it? If you still want to put petrol in your car, heat your home, and buy your favorite donuts, you need to increase your income, because those things ain’t getting cheaper any time soon.

One of the answers is to make money online. Easy as that, yes? Well, not really! You see, the problem is not with getting a website up and running. Believe it or not, even the most unsavvy anti-geek can do this quickly and cheaply. How to monetize the site, then – that’s the challenge? Well again, no. Sites are easily monetized in a basic way by showing advertising or recommending products on commission. So why isn’t everyone at it then?

The challenge lies in getting internet traffic to your site. Without that, you might as well have a really nice shop on the moon. No-one will pop in even out of curiousity.

Make no mistake, getting visitors to a website is no mean feat, and if you don’t have the right guidance, then be prepared to do a lot of searching, trial and error. Alternatively, you could try new product Blogging To The Bank, which shows you how to identify niche areas to build websites around, monetize them, and – most importantly – drive traffic to them. I’ve reviewed it and given it the Expert Alert thumbs up.

I’ve not been going long but if I’m lucky, my internet income might even cover my next gas bill, and that’s saying something! Give it a try and boost your income – maybe by a little, maybe by a lot.

What’s it like to work in your pyjamas, telling people what you think, and earn big bucks whilst doing it? Well, all you’ve got to do is ask one of the thousands of people who earn either an additional income or a full-time income by completing surveys online.

As more and more people want to get into the home based business arena, signing up to paid survey services is becoming every more popular. Companies need feedback on their products and services so that they remain competitive. Can you be the one to guide them?

I have reviewed one very popular package for people wanting to start earning money this way: click here for my review of Paid Surveys Etc. I can also recommend Surveys 4 Checks – I’m getting great feedback from people on this service also. If you are interested, check out their websites and see if pyjama-wearing opinionated web surfing is your cup of tea!

Doing business ethically is considered by some to be a luxury. We often see stories of large corporations exploiting cheap child labour in third world countries to produce their big brand labels.

Does it have to be this way? Can you succeed in business without compromising your principles? How do you do it? There is a popular article on the essentials of business ethics on this site. Another great resource is Business Ethics by William H. Shaw available through Amazon.

I can remember getting $10 once to complete a survey – it took me about 3 hours to do it! Not a great money spinner that one. Anyway, the lure of being able to get paid for your opinion is a great one – as long as there are companies out there that offer good deals for your valuable time and opinions.

Paid Surveys Etc is one of the finer ones. Earn great money by testing out ideas and helping make products and services better. I’ve given Paid Surveys Etc an Expert Alert award – read the review here. Or go to their website to find out more.