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November 2022

Finance

Six factors that distinguish professional traders from novices

There are many differences between professional traders and novices, but five of the most important ones are here. Professionals have mastered their craft through years of practice and experience, while novices are still learning the ropes. Here are six factors that distinguish professional traders from novices.

1. Risk management

Many factors can distinguish professional traders from novices when it comes to trading in the financial markets. One of the most important is risk management. Professional traders understand that a successful strategy encompasses protection and risk mitigation. For example, they may use stop-loss or trailing stop orders to limit potential losses on losing trades, or they may take only low-risk positions to reduce adverse market conditions’ impact on their portfolio.

In contrast, novice traders often need to pay more attention to the importance of risk management and tend to take more aggressive or higher-leverage positions without fully considering the potential consequences. Ultimately, this lack of risk awareness often puts novices at a severe disadvantage compared to more experienced traders.

Whether you’re just starting in financial trading, or you’ve been at it for years, putting a strong focus on risk management should always be a top priority if you want to succeed in the long run.

2. Market knowledge

Many factors distinguish professional traders from novices. Perhaps most importantly, professional traders have in-depth knowledge of the markets they are trading, including current conditions and trends. They also tend to be very analytical when making investment decisions, carefully weighing the potential risks and rewards before proceeding.

Market knowledge is vital for any trader, but it’s especially critical for those who want to be successful over the long term. If you’re new to financial trading, do your homework and learn as much as possible about the market before putting any real money at risk.

3. Trading discipline

Another key difference between professional traders and novices is trading discipline. Professional traders are usually very disciplined in their approach, sticking to their pre-planned strategies even when emotions start to run high. They understand that a lack of discipline can lead to impulsive decisions that can quickly erase any gains that have been made.

Novice traders, on the other hand, often let their emotions get the best of them, leading to poor decision-making and, as a result, subpar performance. To be a successful trader, you must learn to control your emotions and stick to your game plan even when things go against you.

4. Proper capitalization

Another key difference between professional traders and novices is proper capitalization. Professional traders always ensure they have enough capital to weather any potential storms, whether a sharp market downturn or an extended period of bad luck. They understand that the markets can be unpredictable, so they never risk more than they can afford to lose.

On the other hand, novice traders often need more capital to withstand adverse market conditions. As a result, they may be forced to take more significant risks or even liquidate their positions at inopportune times, leading to significant losses. If you want to be a successful trader, it’s essential to make sure you have enough capital to weather any potential storms.

5. A willingness to learn

Professional traders are always looking to improve their skills and knowledge, whether by reading educational materials, attending seminars, or simply studying the markets on their own. They understand that the markets are constantly changing, so they must continuously adapt and evolve to stay ahead of the curve.

On the other hand, novice traders may get pigeonholed in one asset they are finding success with, such as sticking to stocks only because it is what they know. While it makes sense to stick with what you have always known, it is important to make sure you diversify your portfolio with other assets and keep learning.

6. A long-term perspective

Professional traders usually have a long-term perspective, which means they’re more focused on the overall performance of their portfolio rather than the day-to-day fluctuations of the markets. They understand that the markets can be volatile in the short term, but they tend to move in a predictable direction over time.

Conversely, novice traders may focus too much on the short-term movements of the markets and become discouraged when their investments perform better than they had hoped. To be a successful trader, it’s essential to take a long-term view and focus on your overall results rather than your day-to-day performance.

These are just a few key differences between professional traders and novices, generalized. If you want to be a successful trader, it’s essential to make sure you have the knowledge, discipline, capital, and perspective that are necessary for long-term success.

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Shopping

How to Encourage Your Child to Spend Time Outside

There are so many reasons for kids to stay inside these days. With hundreds of TV channels showing dedicated children’s programs, as well as games consoles, tablets, and smartphones that can be used to communicate with friends, there is no need to ever go outside to just ‘play’. This can be frustrating for parents who want their kids to enjoy the kind of childhood that they had, or even to just get out for some fresh air. So what can you do if your child prefers to spend most of their time inside? How can you encourage them to go out and enjoy the outdoors?

Set Limits on Devices

Part of the reason that kids prefer to stay inside is because they have too much freedom to play their games inside. If you haven’t set a limit on the amount of time your children can play games or go on their smart devices, consider cutting it down to a couple of hours in the evening. This might encourage your child to go outside during the day to meet up with friends.

Go for Cycles

Family cycles can be a terrific way to get your kids outside in the fresh air. Cycling is an activity they will enjoy, and it can encourage family bonding. Kids bikes should be purchased from reputable cycle stores that sell lightweight bikes for children. Your kids will also enjoy taking their bike out with friends for a cycle around the block or to the park.

Make Your Yard Fun

If you want your children to go outside, give them a reason to. You can buy outdoor toys that they will love playing with or invest in a trampoline that will get them outside in the fresh air and keep them fit and healthy at the same time. For smaller children, things like sand and water tables with beach toys are ideal. Older kids love playing with badminton sets or frisbees. When the weather is warmer, a paddling pool or water guns will encourage your kids outside, and a small camping tent will give them a place to shelter when it gets too hot or will act like a den when their friends come over.

Let Them Grow Some Veg

Children love gardening and seeing the fruits of their labor. A little vegetable patch will give them a sense of responsibility.Once they see their plants starting to grow, it is even more exciting. If you don’t have enough room for a veggie patch, let your kids grow sunflowers. The seeds can be planted in trays to begin with and then moved to bigger pots once they start to grow.

Host an Outdoor Party

Your kids are more likely to want to spend time outside if they can do so with their friends, so why not host an outdoor party? Think about doing a treasure hunt or hiring an inflatable waterslide that kids will absolutely love.

Organize Outdoor Day Trips

Spend the weekend taking day trips as a family. Go to the beach in the summer or to the local park for a picnic. Forest walks in the fall are a fantastic way to spend time together. You can collect leaves that can then be used for crafts when you get home.

Conclusion

If you are worried that your kids are spending too much time inside on computer devices and want them to get outside in the fresh air, there are many ways to do this.Think bike rides, picnics, or family walks. You should also make their outdoor spaces a fun place to be so that they want to be outside.

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Gambling 

How to Win Your Next Poker Tournament

Are you looking to up your game and win your next poker tournament? If so, then this blog post is for you. Here we will discuss what makes a good poker tournament player and how you can prepare to give yourself the best chance of success.

Different types of poker tournaments require different skill sets, but there are some key skills that all successful players share. These include focus, emotional control, and making smart decisions.

With the right preparation, you can set yourself up for success in any poker tournament. First, choose the right tournament for your skill level and goals. Then get into the right mindset by focusing on your positive intentions for the game. Finally, make sure you are physically prepared by getting enough rest and staying hydrated.

During the tournament, stay focused on the task at hand, and don’t let your emotions get the best of you. If you can do these things, then you’ll be in a good position to make smart decisions and come out on top.

Once the tournament is over, take some time to analyze your performance. What went well? What could you improve next time? And most importantly, don’t forget to celebrate your successes!

What Makes a Good Poker Tournament Player.

A Poker Game tournament is a competition in which players try to win all the chips in play by eliminating their opponents. There are many different types of poker tournaments, each with its own set of rules and regulations. The most common type of tournament is the Sit-and-Go (SNG), which is a single-table tournament that usually lasts for around two hours. Other popular types of tournaments include Multi-Table Tournaments (MTTs), Rebuy Tournaments, and Freeroll Tournaments.

The Skills You Need to Win.

To be a successful poker tournament player, you need to have a good understanding of the game and know how to use your skills to your advantage. Some of the most important skills you need to win include:

1) Reading your opponents: One of the most important things you can do in a poker tournament is to read your opponents. This means paying attention to their betting patterns, their body language, and any tells they may be giving off. By doing this, you’ll be able to get an idea of what they’re thinking and how they’re likely to play their hand.

2) Managing your chips: In a poker tournament, your chips represent your lifeline. If you lose all your chips, you’re out of the tournament. Therefore, it’s important that you manage them wisely and don’t make any careless decisions that could cost you dearly. One way to do this is to always know how much money you have in play and how much each pot is worth to you in relation to your chip stack.

3) Making smart decisions: Another key skill for winning poker tournaments is making smart decisions throughout the course of the game. This means knowing when to fold when to call, and when to raise based on the cards you have and the situation at hand. Oftentimes, the best decision is not always the obvious one, so it takes some practice and experience to learn how to make these tough calls correctly.

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Business

Evan Rubinson Now Advisory Board Member of the Business Digital Marketing Program at USF Muma College 

ERA Brands Founder and CEO Evan Rubinson has recently been approved by the University of South Florida (USF) Muma College of Business to serve as an Advisory Board member for the USF Muma College of Business Digital Marketing Program.

Rubinson was elected to the seat for a one-year, renewable term, where he will serve as an advisor and mentor to USF students, offering more opportunities for students enrolled in the program to engage in real-world business research studies.

Rubinson is thrilled to join the advisory council at the University of South Florida. “I’m really excited to be able to take this next step in my career as a finance and music entrepreneur and am grateful to USF and the staff at the Muma College of Business for this incredible opportunity,” he says. “I have a pretty unique skill set and perspective of the music and finance industries and the intersection between them. I’m excited to see where we can all go next.”

About Evan Rubinson

Evan Rubinson has a long history of college and commercial success, having held several roles as CIO, CEO, Founder, etc. He was also a division one college athlete and is a college advisory committee member. He attended Duke University as a track and field runner, but developed a strong passion for business finance over time. He graduated with a Bachelor of Arts in public policy and economics, and then went on to earn multiple investment and finance internships at private equity businesses and Wall Street investment firms.

Prior to founding ERA Music, Rubinson founded Koroit Capital, a hedge fund that primarily invests in high-potential biotech and healthcare companies, before the age of 25. He then left the finance industry and began working at Armadillo Enterprises as the President and CEO, which owns and operates world-famous musical instrument brands, including Luna Guitars and Dean Guitars.

Rubinson enjoys supporting several philanthropic causes, including helping to fund K-9 charities like Southeastern Guide Dogs and Tampa Bay Humane Society, along with other initiatives that are close to his heart, like The Mike Calta Family Foundation, SGT Shredder: Rocking to Heal Vets, Wounded Warriors, and the Tampa Jesuit High School, which he formerly attended.

He is also a member of The National Association of Music Merchants (NAMM) and is an alumni donor of Duke University, where he volunteers to interview prospective college applicants.

About the Business Digital Marketing Program at USF Muma College

Students who enroll in USF’s Digital Marketing Certificate program will spend 4 days in an immersive, hands-on instructional environment at the USF Muma College of Business, where they will learn about the core strategies that underpin successful marketing in today’s digital era and how to apply them.

As students work through each phase of the program with the assistance of qualified teachers and established digital marketing experts, program attendees get the opportunity to resolve practical advertising problems using key strategies created by leading businesses. Students progressively construct their own toolkit and a distinctive, individualized digital marketing portfolio through the program that they can use to advance their future careers.

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