How to Trade Like WD Gann?

WD Gann was arguably one of the greatest traders and technical analysts that ever lived. He was known to have taken millions of dollars out of the market during the Great Crash of 1929-1933 and has attained cult like status amongst Technical Analysts and Traders alike.

But how did WD Gann do it? What were his methods? Many people believe him to have relied solely on esoteric methods like Financial Astrology and Numerology. No doubt Gann was an expert in these areas. He often referred to planets in his courses and private letters. He also referred to number squares that he created based on the number of letters in eg the words "New York Stock Exchange" in order to predict key market turning points.

However WD Gann also made statements like "Geometrical Angles, The Basis of My Forecasting Method" and even titled certain sections of his Master Stock and Commodities Courses in this way. But what did he mean by this? Was WD Gann solely relying on Geometric principles in his predictions? How might one apply these methods?

WD Gann believed that Financial Markets, like most things in the world, were constructed on the principles of natural law. Like atoms and molecules and matter forming crystals at certain precise geometric angles, he believed that financial markets were no different. He surmised that markets made turning points in relation with precise geometrical angles.

Some go further in saying that what Gann was referring to were the astrological aspects. His charting methods were based on Geometry and scaling charts so as to balance price and time. Gann was most likely doing this so as to correlate the Geometric charts with the planetary cyclic factors that he was employing.

Regardless of your belief on what WD Gann was actually doing, one thing is for certain. Gann was a master forecaster and trader, and his legacy will live on in his writings.

Gann's open method of graphing prices with time is to make one unit of time equal to one unit of price. So on a weekly chart, this means for a stock graphing the price action at $ 1 per 1 week of time. In this way the geometric angle that a swing is making can be calculated using trigonometry.

But what of Gann's comments in his Cotton Course that one should use $ 0.15 per day and $ 0.30 per month? This opens a whole new door of speculation in terms of how to scale your charts. The answer here is that WD Gann was establishing a "vibration rate" for the Cotton market. He was effectively saying that $ 0.15 was the core unit of vibration for cotton.

There are methods available where one can utilise Gann's principles in order to establish the vibration rate of a market. But that is the topic for another article, or even a video.

IFRS Vs US GAAP: Pros and Cons

There has been a debate over switching from GAAP to IFRS in the United States for many years now. It is still not clear if converging or harmonizing is the way to go with accounting standards, but there are many advantages and disadvantages to the switch. There are pros to IFRS like the ease of trading with international corporations, cost efficiency, and flexibility in the standards. Though these seem very tempting, with pros come cons, which include IFRS not being taught in many schools in the United States, the many inconsistencies on implementation of the standards, and extra costs and hoops to jump through for small to mid-sized firms that do not necessarily need IFRS. By weighing the pros and cons of IFRS, one can come to a conclusion on whether to converge or not.

One of the pros of converging to IFRS as presented in Peter Galuszka's Pros and Cons of IFRS is that many companies have two different sets of books when they go global and have to conduct financial statements in IFRS and GAAP. (Galuszka, 2008.) This is a hefty cost to have, since the company would need two teams working with two different accounting standards. By having one standard the company could allocate more money to one specific sector and not focus on two separate ones. This makes the company more cost efficient and more concentrated on following one standard.

Additionally, the advantage of converging into a single set of standards, would improve to simplicity of trading and investments with foreign companies. The ability to compare international markets on a single basis would make analysis of many companies' financial statements at one time much easier and improve quality and timeliness of work. Transparency, reliability, and easiness are three attributes of converging that sound very appealing.

An advantage of IFRS being principles-based is that it is more flexible. Epstein gives this example: "Either historical cost or revaluation models can be used in accounting for long-lived assets." (Epstein, 2009.) Not only is the vocabulary of financial statement items flexible, but so is the way of accounting for them. The rules-based system creates a regulated and specific way for one to account for certain items, while the principles-based allows for companies to have a little more leeway because many companies are different and have a necessity for diversified accounts.

The cons involved with IFRS being principles-based are that it can have some gray areas and it can be very lenient at times. Financial statements are meant to be as transparent as possible, due to the Sarbanes-Oxley Act. Brian Kim, author of the Harvard Journal on Legislation, expresses that "The Sarbanes-Oxley Act creates the Public Company Accounting Oversight Board (" Oversight Board ") that will supervise the accounting process." (Kim, 2003.) With this act in place, companies are strictly observed for indiscretions, or foul-play, in turn making them much more transparent. Even with this act, IRFS has a little more room for hiding or misrepresentation, so "implementation of IFRS will only be as good as the leaders implementing it." ( "Business: Ask the CPA," 2008, pB 4.) In order to have a fair representation and value of a company, implementation is key.

The another disadvantage of IFRS is related to small and mid-sized companies. Small and middle-sized firms may incur extra costs that may not be necessary for their firms. (Galuszka, 2008.) This will not affect them in a completely negative way, but it could cause some issues. "The main difference small companies will see will be the financial statement presentation. IFRS statement presentation can vary greatly as compared with their GAAP counterparties." ( "Business: Ask the CPA," 2008, pB 4.) Small businesses do not need all of the varied terms for accounts, due to their simplicity, so learning the new accounting standards would change a lot on their financial statements.

The pros and cons of IFRS are very interesting depending on the way you look at it. This research shows that there are many people on the fence about IFRS, due to the many pros and cons associated with it. It's fascinating that I can see how some pros can be viewed as cons, and vice-versa. For example, IFRS being principles-based could be a good thing or a bad thing. In general, I believe that the pros of IFRS outweigh the cons. By having one set of standards for foreign and domestic companies, there will be no confusion or extra time spent on trying to figure out the meaning or reason behind other companies' financial statements.

Reference Page

Anonymous, (2008). Business: Ask the CPA. Record The (Bergen County, NJ), Retrieved from Http://www.lexisnexis.com/hottopics/lnacademic

Epstein, B. (2009). The Economic Effects of IFRS Adoption. CPA Journal, 79 (3), 26-31

Galuszka, P. (2008). Pros and Cons of IFRS. September 22 Retrieved, 2014, from Http://www.cbsnews.com/news/pros-and-cons-of-ifrs/

Kim, B. (2003). Sarbanes-Oxley Act. Harvard Journal on Legislation, 40, 235-579.

Multi-Tasking – Is it An Effective Time Management Strategy?

As you browse job postings in the newspaper or on the web, it is very evident that multi-tasking is a key time management competency required in today’s work environment. It is implicitly or explicitly spelled out in job postings with phrases such as “Ability to prioritize workload, manage time efficiently and meet set deadlines”, “highly organized, innovative, problem-solver”, or “Strong organizational skills with ability to multitask”. But is multi-tasking really an effective time management skill?

Multi-tasking as we know it today requires people to work on many things all at the same time. But there is a handful of people, myself included, who believe the demands of multi-tasking put undue and arguably unnecessary pressure on employees. This creates stressful work environments and will usually have a negative impact on performance. I believe that the problem with multi-tasking likes in the way it is defined and subsequently the way we attempt to execute it. MSN Encarta’s online dictionary defines multi-tasking as “doing several things at once: to perform more than one task at the same time.” But is that really humanly possible? As it turns out, there have been many research studies conducted by institutions such as Stanford University, University of Michigan, UCLA and many others into the human brain and its capability of handling multiple simultaneous assignments. The findings of these studies have astounded even the researchers, revealing that the human brain does not function optimally when taxed with multiple demands that must be addressed simultaneously. Allow me to clarify here – this does not mean that employees are incapable of managing multiple responsibilities. What the results of the studies suggest is that the brain prefers to focus on one thing at a time in a designated time period.

The 21st century workplace depends heavily on technology as the primary mode of communication. Everyone owns a company blackberry and it seems that the new expectations for productivity require employees to be connected around the clock. Additionally, social media networking is increasingly gaining popularity as a viable marketing tool for organizations. Employees in the modern workplace find themselves juggling emails, text messages, tweets and Facebook updates with traditional business activities like attending meetings, reviewing reports, balancing budgets and managing projects. Lots of reasons to warrant multi-tasking you say? Well let’s take a closer look.

International leadership coach and author David Rock wrote the book “Your Brain at Work” and tells his story through the very busy and demanding lives of Paul and Emily. Now I will not pretend to be a neurobiologist and begin discussing the composition and complexity of the human brain. But in order to understand and appreciate the brain’s limitations, it is necessary to understand some basic facts about its composition and how it operates. Activities which require problem-solving and decision making skills activate a section of the brain called the prefrontal cortex. This is the section of the brain behind your forehead and it controls all of your conscious behaviors and interactions with your environment. According to David Rock’s book, there are five key functions that make up the majority of our conscious thoughts: understanding, deciding, recalling, memorizing and inhibiting. Performing tasks such as problem-solving, communicating, reviewing reports, managing projects and others like these require the use of various combinations of these functions.

These activities rely exclusively on the prefrontal cortex and require a lot of energy for execution. Not surprisingly, through his analysis, he was able to point out what experts have known for a long time and research has corroborated – the human brain – even the smartest of them – is not wired neurologically to process more than one ‘conscious’ activity at the same time. The two points of focus here are conscious activity and at the same time. While we can manage several adjacent projects, the problems arise when we try to work on more than one project concurrently. Through storytelling he was able to show the effect of trying to do too many things at the same time and how quickly accuracy, competence and credibility begin to suffer. Studies into the phenomenon of ‘dual -task interference’ have consistently shown that for best performance and accuracy people should focus on one project or task at time. When they add a task that is considered ‘imbedded’ ‘or auto-pilot’ performance is somewhat impacted with a slight drop in accuracy. But when they try to juggle more than one high concentration task there is a significant drop in performance and accuracy. Yet despite these consistent finding, most organizations still require employees to engage in ‘continuous partial attention’ where one’s attention is always split between high level tasks resulting in constant mental exhaustion, which, yep you guessed it, impacts the quality and accuracy of our work. Furthermore, these studies also revealed that when juggling more than one high intensity task, people end up taking more time to get it all done, so there is no time saving realized. Yet the facts about how our brains are wired to work remain constant:

– We can focus on only one conscious task at a time

– Switching between tasks uses energy; when we do this a lot we are prone to making mistakes

– Doing multiple conscious tasks at the same time will lead to decreased accuracy and/or performance

– The only way to do two mental tasks quickly and maintain a high accuracy level is to do them one at a time

And so, given the biological limitations of how much the brain can handle at one time, it is important that managers consider the impact on performance and therefore develop realistic expectations for themselves and their employees when it comes to multi-tasking. If we must multi-task there is wisdom in being selective about which activities will be paired together. While it is an expectation that employees are able to ‘maximize their time’ by working on more than one thing at a time, employees should be careful to pair their top level responsibilities with activities which they essentially can perform while on ‘auto-pilot’. These tasks will be less demanding on our energy resources and they rely on a different part of the brain – leaving the prefrontal cortex free to better focus on the more complex task.

And so to better utilize our brain power it might be prudent for us to consider some of the ideas I’m presenting below:

1. Let’s properly define multi-tasking for the workplace. From my perspective, multi-tasking in the workplace is much more complex than simply doing several things at the same time. It is a time management competency that requires the ability to prioritize in order to effectively handle the multiple projects on your plate. Multi-tasking is the ability to work smarter by determining when it is appropriate to focus on more than one task at a time. For example, you do not want to be responding to email requests while you are trying to balance your department’s budget. But, you may be able to check those emails during your project update conference call as long as you’re not a key presenter or even the note taker. Always exercise wisdom when pairing tasks, ensuring that you do not pair two high concentration tasks together. We will not be able to escape the responsibility of multiple projects, but we must exercise full control of our time in order be effective with the specific task at hand. See, the ultimate goal of multi-tasking should not be what volume of stuff can be completed in a short period of time. Instead it should be about efficiency in managing your time to do a good job fulfilling all of your responsibilities.

2. Put away the blackberry when you’re in a meeting! This particular issue is a pet peeve of mine, and you may or may not agree with it. I always remember the way I was brought up and constantly hear my mother’s voice saying “Stop doing ‘that’ and look at me when I’m talking to you!” Because ‘everyone is doing it’, it appears that distracted attendees are an expectation for meetings today. If that is the case, why have the meeting at all? Why not just send a summary of the points you want to address via email since everyone is always checking their emails anyway? Think about it. How many times have you called a meeting because you want to make sure everyone gets the same information at the same time, but the people who you really want to be engaged are only giving you a part of their attention? Then an hour after the meeting they send you an email asking you for information that was addressed and discussed at length during the meeting? See the truth is, while they thought they were doing a good job multi-tasking, they were really more focused on the other stuff they were doing, so they missed the good discussions. The bottom line for me is I don’t want to be rude. Therefore just as much as we expect meeting leaders to come prepared to lead their meetings, by the same token we should be prepared to fully participate through listen and when appropriate contributing and giving feedback.

3. This next point is a weakness for me. It is the tendency to work through lunch. I am definitely guilty of this. Remember, the prefrontal cortex where all of our understanding, deciding, recalling, memorizing and inhibiting is done, uses a lot of energy. It’s a good idea to take a break in the action and physically remove yourself from your work to concentrate on your meal. Mealtime is refueling time. Think about it. When you take your car to the gas station for a refill you don’t leave the engine running while you fill up do you? There’s good reason for that. I’m no car mechanic, but it’s reasonable to assume that turning the engine off allows the car to be more receptive to fuel being injected and reduces the risk of major mishaps such as sparks from the engine connecting with fuel and causing an explosion! Likewise when refueling your body (and your brain), turn your engines off. Get your energy level back up so that you can function more effectively.

4. Lastly, learn to appreciate the use of the word NO. I’ve said this before and I really believe this. And so does David Rock. Studies have shown that the average employee spends about 2.5 hours each day dealing with distractions. And once distracted it takes about 25 minutes before you can refocus on your project. But the distraction isn’t always external – such as your cube-neighbor’s phone constantly ringing and he’s not there to answer it, or from your good friend stopping by to say hello just as you were getting your flow with your work. The vast majority of distractions are internal – like thinking about hanging out with your buddies later and how much fun you will have, or what will you do for dinner tonight, or you’re still tired from all the partying you did this past weekend. Learning to say NO to distractions, both internal and external, is a skill that can be learned but it requires an ability to focus. For internal distractions, David Rock describes the ability of putting on the breaks and nipping internal turmoil in the bud before the ideas have a chance to take root. Be forewarned though, you have about 0.2 seconds to make that happen! For external distractions be OK with pressing “send calls to voicemail” on your neighbor’s phone; or ask your buddy to connect during lunch instead so you can stay focused. Additionally, sometimes for high performers the distraction comes in the form of additional projects and responsibilities. If your docket is full, don’t be embarrassed to admit it. Taking on a new project when you’re already stretched to your limits is not wise. If saying no is not an option, consider discussing expectations and priorities with your manager. What are the expectations and how realistic are they? What is most important to the business at this time? And what are the consequences if things begin falling through the cracks because you have too much to handle?

The reality is, if we are honest, we have to admit that multi-tasking as we have come to know it does not always benefit our business. We don’t get more done in less time. It actually takes us longer to get things done right if the quality and accuracy of our work is important to us. Whenever we are rushed or pressured to get more things done faster there is a high likelihood that the quality and accuracy will be compromised. So the question we should be asking ourselves (and our managers) is: what’s most important at this time – is it the amount of work we can get done in a finite amount of time, or is it the quality of our output? There is ample research that supports the fact that as quantity of work increases, quality of work decreases. We should therefore decide which one is most important to our businesses and to us – quantity or quality. Pick one ’cause it can’t be both.

The Secret of Odd Strike Price Option

In the options market, a strike price (or exercise price in the Australian options market) refers to a fixed price that options will get bought or sold.

Basically, when someone buys a call option, he holds a right to exercise that option to buy 100 shares of stock at the strike price of that call option. On the other side, the option seller who gets exercised will be obligated to deliver 100 shares at that price.

This is simply a right to do so. It does not mean if chose to exercise; the option owner will make profit.

Strike of options is generally formulated as the following:

– If the stock price is higher than $ 100, the strike price is in the intervals of 10, ie: $ 100, $ 110, $ 120 … etc

– If the stock price ranges from $ 25 to $ 100, it is in the intervals of 5, ie $ 25, $ 30 …, $ 50, $ 55, $ 60 …, $ 90, $ 95.

– If the stock price is lower than $ 25, it is in the intervals of 2.5, ie $ 17.7, $ 20 and $ 22.5.

Strike also reflects the liquidity of the option itself. That's why you will see a number of stocks that do not follow the formula above. For instance, at the point of this Microsoft writing (MSFT) trading at $ 28 has $ 1 strike price increment. Also Proctor & Gamble (PG) at the point of this writing trading at $ 60 has $ 1 strike price.

Sometimes, an unexpected event like a stock split at the ratio of 2 to 1 or 3 to 2 can result in odd number like a $ 2.5 or $ 3. It is because when the underlying stock gets split, the options get split too.

If you own one $ 55 strike call options contract and the stock gets split from $ 50 to $ 25, you will end up owning 2 $ 27.5 call options contracts. The value will not change but your contract size and strike price do.

However, once you start trading and gain some experience, you will know strike prices do not matter that much. What matters is your risk and rewards analysis, control of emotion and continuation of learning and refining your skills.

The Central Irony of An Outpost of Progress

An Outpost of Progress is a tale by Conrad that shows how controls of a civilization are necessary for the sanity of individuals. Two ordinary white men, Kayerts and Carlier have been posted to a distant trading station in the heart of Africa. Their job is to oversee the collection of ivory at the station. In a strange land, with different customs and different people, Kayerts and Carlier are essentially isolated- they depend on each other for any meaningful company.

In this background Conrad exposes how men fall apart if they do not have the strict controls of a society to discipline them. Kayerts and Carlier are seen to simply while away their time, waiting for things to happen on their own, resign themselves to their fates. They are unable to improve their living conditions, they show no enterprise what so ever and are seen set on a path of gradual degradation.

At the end, we see how these two men, who once had called each other 'my dear fellow', are consumed by a mutual distrust and fight over very small things. Ultimately one man kills the other over a trivial dispute and unable to face the consequences of his action, commits suicide himself.

'To grapple effectually with even material problems requires more serenity of mind and more lofty courage than people generally imagine.' Conrad shows us how these two individuals are unable to maintain decent living conditions when left on their own simply because they are completely isolated from a society with its system of reward and punishment. 'They … do not know what use to make of their freedom'.

The central irony of the tale is that these two individuals had been sent by a civilized European country to a 'dark' Africa. Their mission is to bring about 'light, and faith and commerce to the dark places of the earth'. It is ironical how instead of achieving this goal, the men fell prey to the dark forces of 'pure unmitigated savagery', 'primitive nature' and 'primitive man'. The men lose the values ​​that civilization had taught them and succumb to the dark forces within themselves that the shackles of society had repressed for long.

This irony is a common theme running across many of Conrad's tales. Notable among them are Heart of Darkness and Lord Jim. In both the tales we see examples of how men who have been posted in colonial outstations succumb to a life of degradation.

A Review of One of the Best Forex Trading Signals Providers

Becoming a member of a Forex trading signal service provider can be a valuable tool, especially for a beginner in the currency trading market. But before you make that decision, it is important for you to search for the best provider of this service. Integrity, professionalism, transparency, reputation and proven track record should be the important criteria in your selection process.

There are many Forex trading signal providers out there. Some are reliable and others are not. Some unscrupulous service providers engage in misleading information and performance record. The service can be obtained from Forex brokers for free or for a reasonable subscription fee, one time or on a monthly basis. The price varies depending on the benefits and services provided.

Forex signal providers with high review ratings are FX Day Trader, Turning Signals, FX Solutions, Huskins, IFXPro, FXDM, Forex Ring Leader, 4X Formula, 4X Lounge, Rise Forex, Forex Watchers, Premium Forex Signals, Virite FX, TOP Forex Signals , Pip Boxer, Forex Pro Indicator, Forex System, True FX Signals, FX Trade Freedom and Zonod Forex Signals.

In this article, lets us just focus on the profile and features of one of them, 34 pips.com. This company claims to have an average of 1000 pips on every single month of trading operation since 2009. Their Forex trading signals are easy to follow and you get them only twice a day every 12 hours. Their users are already more than 3,000 traders. The signals they provide can reach similar outcome with that of their live accounts. They are easy to follow which attracts many investors and traders. To help you get started, you can register for free to their Forex signal. You will get daily updates and an automated tradecopier EA available.

Some members' reviews come from Roberto of Milano, Italy who says, "Thanks to the 35 pip team – your signals are great and honest. I love them and use the Forex signal together with my trading strategies." Another member, Borris from Moscow has this to say, "Great Forex signals and great service. Thanks to Pet Chan and his team for everything." Andrej from Poland comments, "35 pip is providing a service that is honest. I had one question and the support was answering fast. Thumbs up for this great Forex signal service." Here is another positive review from another user, Andy Rosko from Renton, WA, USA. He says, "I wanted to write and tell you how much I appreciate your signal service. You are men of integrity and very professional. I was skeptical at first but have grown to trust and admire your word and work. Great SMS and email alerts system. Thank you very much. "

There are many more positive reviews and testimonials from the 35pip.com subscribers. What is fascinating about their alerts system is its simplicity, practicality and winnability. It is a 100% mechanical system featuring an effective management of profits and losses feature and you can try it out under a 30 days money back guarantee offer.

Their Forex signals are the result of many sophisticated and cutting edge tools using technical indicators, support and resistance study, Bollinger bands, market volatility, trend setting and momentum. As a trader, you can bank on its performance record. Rely on accurate entry and exit points, over 1600 pips per month with only 1 unfortunate drawdown since 2003 and no automation. It is purely a mechanical stuff. Signals are sent by SMS and email for free. They claim to be the only signal provider using real time indicators. This group started in March, 2003 in the Forex market and made good money. After a few months, they put up the web site with some professional traders with a combined 25 years of experience in the business. They now have around 3,000 members around the world and still counting.

Based on their credentials, proven track performance and growth, it appears that what they are offering is perceived by many to be among the best in providing Forex trading signals in the world. It is up to you to take this calculated risk and try it out. With the right mindset, you may have stumbled into a group who is enthusiastic and sincere in helping you make real profits in the currency trading business!

How to Make Over $ 1200 in 3 Hours in Soccer (Football) Live Betting

I play a round of mean soccer with my MALE soccer buddies every Wednesday night. I'm the only rose among the thorns. During each game, I simply forget that they are guys. I just concentrate on the game of eleven players against eleven players.

You may be curious to know which position does this rose cover? As I'm extremely nibble, agile and have excellent reflexes, I 'man' the goalposts. Yes, I'm the goalkeeper.

Mind you, the job of goalkeeping may be the most difficult job on the soccer pitch because the actions can come so fast and quick.

The goalie needs to possess the capacity to be razor sharp in concentration at a moment's notice even though he / she may not have much to do for the last 89 minutes.

Now, why do these thorns trust their rosie goalkeeper … simply because I made a mean goalie. My defenders have absolute confidence in this "last woman standing".

The great Brian Clough once said a good goalkeeper could be worth 15 points a season. It has been 360 minutes without my conceding a goal and I'm proud of this humble record.

I realized that playing a soccer game and placing a soccer bet have a lot of similarities. There are ups, there are downs, and sometimes there are turnarounds in the game or bet.

However, I've found that in soccer live betting, most of the "unpredictables" in the game can be decoded.

The odds provided by the bookmakers are a reflection of the performance of the teams on the pitch from the bookmakers' point of view. So when we go along with the bookmakers' reading of the game as reflected by the odds, we can not be far off.

This makes soccer live betting a literal gold-mine IF we can possess the skill to "decode the odds" and place our winning bets. With so many live bets being offered on every match day, there's plenty of profitable actions to be had.

(Live betting is also popularly known as bet in-play, in-running, in-game and running ball).

I was searching for a soccer live betting book which can teach me the techniques to decode the odds which is the integral part in profitable live betting. I found what I wanted in this 108 page soccer live betting system and let me show you what I've discovered.

1) Match Fixing At This Tail End Of The Soccer Season

The soccer season in Europe has reached the tail end. Games have been played and matches have been won and lost.

It is at this point of the season that the rumours of match fixing will rear its ugly head.

How could we ignore the gossips when completely unexpected results happen … especially when this is the crucial point of the season when teams are fighting for coveted places to play in an European competition, or to avoid relegation.

Of course, in soccer, just like in any sport, there are always freak results. Just one error in judgement by a referee or a linesman can make a difference between winning and losing.

For normal bets, unless the punter has access to the match fixing syndicate, it can be difficult for him to 'smell out' the suspicious matches. He has to be vigilant on any abnormal odds swings or prices too good to be true. The onus is on himself to be alert before placing his bets.

For live bets, as the odds are adjusted according to how the match is moving, if a syndicate has fixed a game, say the Home team to lose the match, their poor play would have been reflected in the odds movements. So you can say that this is one advantage live bets have over normal bets, provided you can decode the odds.

2) The Main Thing That This System Has Taught Me

This book opened up my eyes to look at the odds from a different angle – the angle which brought in the dole. I did not know the secret is hidden in the odds. Once you discover it, you'll realize how easy it is to make money in soccer live betting.

I love the chapter on "Timing Of The Bets". The author has meticulously explained the rationale in determining the best "profitable" times to place the bets. The screen-shots made it real easy to understand.

3) The No. 1 Tip I've Learned

For me, the No. 1 tip I've learned is the discipline to follow the criteria of each of the 10 strategies.

I realized the criteria form the foundation of the strategy and by following them strictly, I'll not be tempted to deviate due to any emotion.

I'll only place my bets when the selection meets the criteria 100%. This discipline makes me place each bet with utmost confidence.

4) The No. 2 Tip I've Learned

I realized a good betting system must be complemented with sensible money handling knowledge.

This book has an in-depth coverage on money management rules especially in staking plan and stop win / stop loss limit.

I once followed a system which recommended doubling up the next stake amount to cover the last loss. In one weekend, I lost 90% of my bank.

So knowing how to handle my betting money is the No. 2 tip.

5) Why Is This System The Complete System

I love to describe things in terms of hardware and software.

In this system book, the 10 strategies are the hardware. But to get the system going towards the profitable mode, it is necessary to install an efficient software to ensure consistent profit.

In this book, the author took pains to expound on the virtues of maintaining a winning mindset and dealing with emotions of fear and greed, every punter's worst enemies.

The chapter on fear and greed is most valuable as the author painted a few betting scenarios to illustrate the point that the distinction between the successful punters and the unsuccessful lot is how they deal with these two emotions.

6) Which Strategy Every Punter Should Know

Out of the 10 strategies, I feel every live bettor should be well versed with the "Cut Loss Strategy" in order to limit any financial damage whenever needed.

Many things can happen in 90 minutes on the soccer pitch. To me, it is very comforting to know that there is a strategy of a "Plan B" when the original strategy is not working. This is my favourite strategy because I love back doors.

7) How Does This System Benefit You

With the 10 strategies, you'll know exactly what to do when the betting opportunities present themselves.

You'll not be led by emotion, or relying on luck, or by "guesstimates" to place your bets.

The odds which are a reflection of the performance of the two teams on the pitch will tell you what to do.

8) Can You Really Make $ 1200 In 3 Hours

Yes, you definitely can. There are so many live games offered on every match day. With the 10 strategies, you can generate regular profits easily.

Of course, your profit figure will depend on your stake amount. Always bet within your comfort zone.

9) What If You've No Experience In Soccer Live Betting

Do not fret. The system can be used even by an absolute beginner. Every strategy is described clearly. There are snapshots explaining each step of the strategy. So there is no guesswork. Every step is supported by the odds movement.

Conclusion

This system does not rely on injuries, previous match previews, weather condition, etc. It does not require hours of analysis on every match day.

You just need to acquire the know-how to read the odds movements.

Having the ability to "decode the odds" takes emotion out of the live betting equation. You bet based on what happens on the pitch, not whether Team A is your beloved team or Team X is your most hated club. This is the money making beauty of soccer live betting.

How to Reduce Stress When Living With an Alcoholic

An Al-anon opening reading says; "Living with an alcoholic is just too much for most of us." That seemed to be an understatement to me at first. This illness effects everyone that is remotely connected to the problem drinker. It is a relentless bombardment of negativity that may cause people involved to lose themselves in the process of interacting with a problem drinker.

Since my first alcoholism support group meeting over thirteen years ago, I've attended thousands more. In the process, I've attained an enumerable amount of methods of handling dysfunctional relationships that work. Like most of us, I've been effected by people with drinking problems for the majority of my life.

Below are a few guaranteed ways of reducing anxiety, stress, depression and fear levels associated with living with someone suffering from the disease of alcoholism.

Avoid Major Issues
Never discuss serious matters with them when they are intoxicated. If someone you know just came out from having a major operation and was under the affects of a sedative, you would not try to talk to them about real-life issues, would you? Of course not! Well, there's really no difference between that scenario and someone being drunk.

Refuse to Fight
Avoid fighting with them at all costs. It's pointless to go around and around with them having heated discussions. These type situations are what alcoholics feed on. For some reason many of them love to argue.

There are very specific methods that you can use to avoid having disagreements with them. One way is by not reacting to the things they may say about you that you know are not true. Oftentimes we feel a need to defend our character because of a false statement they have made about us. When we do react, this usually just adds fuel to the fire. Just say something like; "That's your opinion" and then say nothing else. That's one of many responses that I use that really work well.

Take Care to Not Get Entangled to Much
Be very careful to not become overly obsessed with their behaviors. This is something that happens over time when living with alcoholics. It's rather easy to get so FOCUSED on everything they are doing that we miss out on enjoying our own lives. There are many ways to break this habit of always wondering what they are doing. For starters, try doing some things that you enjoy for a change. This will help you get your mind off of them.

Those are just a few of literally thousands of ways to reduce the stress and anxiety levels associated with living with an active alcoholic. It does not matter if the person you are being affected by is your spouse, friend, child, or co-worker, these methods work for all types of dysfunctional relationships.

It's possible to live with a problem drinker and be happy, joyous and free. I know this for a fact because I've done it on more than one occasion. The fear, stress, worry, depression, and anxiety you are experiencing can be overcome.

Here's the thing, the alcoholic is not going to stop drinking until they decide to make changes on their own. To save yourself form letting them have damaging effects on your life, you will need to change the way you are interacting with them. This is just a fact of how alcoholic relationships work.

You can continue living with a problem drinker and learn how to enjoy your life to the full, even while they are still drinking. You just need to learn a few more proven ways of handling your life in the midst of interacting with dysfunctional people.

How Do I Become A Property Finder

Being a finder / sourcing agent is one of the best ways to get started in property. The reason for this is two-fold:

  • Firstly, you get to take a finder's fee. This fee is normally set by you and varies depending on the amount of work you have had to put in to the deal.
  • Secondly, you are getting invaluable experience in learning how to analyse deals and put them together.

As a property finder you can charge anything £ 75 upwards from. A lot of property finders charge a flat fee between £ 1000 and £ 2,500. Others charge between 1% – 2% of the price of the property. As you can imagine, this can be quite lucrative if the property is worth £ 750,000.

Most property finders would consider being flexible with the fee, depending on the sort of service they had to provide. For instance, they would charge you more if they had to source a property and find out how much work was needed to renovate / refurbish it, go out and get quotes from builders and then negotiate a suitable discount for you, than if they just went out and found a property below market value in an area of ​​your choice.

The fantastic thing about being a property finder is that, as a beginner, you do not really need any start up capital and you are learning all the time about how to analyse and put deals together. You will be sourcing for investors, so you will learn very quickly about the criteria they use, and, because they are most likely successful themselves, you will be able to analyse their buying criteria and use them as potential criteria for the properties you plan to buy in the future for yourself.

By sourcing for investors, in the beginning especially, you will be bringing deals to them that they will reject. But they will normally tell you exactly why they are rejecting them, so that you will not be bringing them the same deals again. Hence, there is probably no quicker or better way for you to learn about what deals are profitable and why, and what deals look good on the surface, but once you dig deeper are better avoided.

There are two potential ways to set yourself up as a property finder:

  1. Just start looking out for potentially profitable properties that you think investors or developers will be interested in. Once you find them, do your homework on them, and analyse the deal as if you were going to buy it yourself. So this includes details of the local community, any regeneration planned for the area, shops and transport links, crime, rental prices etc. You are going to be approaching professional investors, so they are going to want to know all the in and outs. Once you have got all the relevant information, try to contact investors and say you have a potentially very profitable deal. The best way of contacting investors is by posting messages on property forum pages, and by meeting them at property clubs and networking events. If you have done your homework correctly and have a good deal, you should not find it very hard to find investors willing to consider the deal you are offering.
  2. The other alternative is to post messages on property forum or chat pages, and network with property investors, telling them that you are a property finder and finding out what their individual criteria are. You need to get as much information as possible from them, build up a database of each investor and their specific criteria and strategy and then source property according to their specific needs. If you do this well, they will find it difficult to resist the deals you put before them, because you will only put deals before them that you already know match their strategy.

One thing to keep in mind as a property finder, especially as a beginner, is that it's a lot easier to source property near where you live. So, if it is possible for you to come up with profitable deals near where you live, do that as your first priority. But if you are struggling to make the figures add up for Buy to Let near your home, you might have to look further a field: some times much further a field.

But do not forget that, just because the figures do not add up on a Buy to Let basis, does not mean that they will not add up for a developer that just wants to buy a property do it up and sell straight on. So do not write off the area you live in straight away, because, no matter where you live, there are bound to be a few really good quick flip (buy, do up and sell straight on) opportunities that come up from time to time.

Being a finder goes hand in hand with contract trading, where you can make thousands of pounds from property without every really owning it. So, if you fancy making money from property, but you do not really want to be an investor or developer, you could consider one or both of these ways to make money. You would need to become fairly skilled at either of them and be able to access the property market well, but there is potential there to start up a business as a property sourcer / finder and have regular clients who would normally be investors or developers. You would know their buying strategy inside out, know exactly what they are looking for and just go out and find these properties for them. In the short term this is definitely something you could do in addition to your normal daytime job.

History of Clark Fork, and Hope, Idaho

The Hope / Clark Fork area stretches along the shores of Lake Pend Oreille from the Pack River to the mouth of the Clark Fork River, the major waterways that feed mighty Pend Oreille. Lake Pend Oreille is one of the West's largest freshwater bodies of water with several islands near the Clark Fork estuary, including the islands off Hope and the Hope Peninsula, Warren, Cottage, Pearl, Eagle, and Memaloose Islands, as well as the Islands at the end of the Clark Fork River, called the Clark Fork Flats, which includes Derr Island. There are three major peninsulas that thrust into the lake: Sunnyside, the Hope Peninsula, and Sagle. Sagle is actually more like an area the lake wraps around, but nonetheless is a major abutting feature of Lake Pend Oreille.

It is important to note that the histories of the two communities are closely tied to one and other. They have a shared past of railroads, mining, and logging, and sportsman activities. More recently, both Lake Pend Oreille and the Clark Fork River have been a draw for tourists seeking the mountain / lake lifestyle. In recent years the area has attracted national public attention, being featured on several broadcasts, in articles, and by developers. The most famous golf course in this part of North Idaho, Hidden Lakes, was purchased by Jack Nicklaus, and is slated to open in 2009 as the Idaho Club. However, with the federal and state owning over 70% of the land, growth has been measured.

Glacial Floods and Lake Pend Oreille

The most prominent feature of Hope and Clark Fork, Idaho is Lake Pend Oreille. With 111 mile of coastline and 148 square miles, it is one of North America's prominent lakes, and the nation's fifth deepest. Formed by cataclysmic floods when the mile high Ice Age ice dam broke time after time, the features of the land and lakes of Bonner County and Western Montana all the way to the coast in Oregon were formed by these monumental floods. Just one of these deluges was ten times the combined volume of all the rivers on earth, with walls of water moving at super highway speeds. To learn more about the Ice Age Floods visit Ice Age Floods Institute.org

Centuries before white man discovered the region, the Kalispell and other Indian tribes, such as the Flatheads, inhabited North Idaho. Visit North Idaho History The first white men to trade in North Idaho were the intrepid adventurers "Big Finan" McDonald and explorer and "land geographer" David Thompson, who established the first permanent wooden structure in 1809 on the Hope Peninsula, taking advantage of Lake pend Oreille and the Clark Fork River. This trading post, Kullyspell House, is still standing as a stone building on the shores of the lake. Kullyspell House still stands on the Peninsula, Idaho's most historic home. It sits at the end of Kullyspell Road. As you turn right on David Thompson Road, you will pass several white houses on the left. This grouping of summer homes is the family retreat of the Kienholz family. Ed Kienholz is easily one of our nation's most famous artists.

The first true transportation the region enjoyed were the steamboats of the Oregon Steam Navigation Company, which brought its first engine and hardware from Portland, building the 108-foot Mary Moody in 1866.

As the railroads came into the area, Northern Pacific Railroad built the 150-foot Henry Villard in 1883 to supply the men laying the rails. Steamboats continued to be an integral part of transportation around Lake Pend Oreille until the 1930s. Later in the era, steamboats became popular excursions, much as Pend Oreille Cruises is today, and dignitaries staying at Hotel Hope and other resorts would spend days on the water.

In 1864 Congress granted the Northern Pacific Railroad a charter to build a line from Lake Superior to Puget Sound on a route north of the 45 parallel. In 1872, the Clark Fork Pend Oreille route was chosen. With the railroad came the people who established the towns of Clark Fork and Hope.

Railroads came to prominence in the 1880s, as local construction began on the northern transcontinental line in 1881. Trestle Creek, at more than a mile long, became the line's longest structure. It was at this time that Hope became the center of railroad activities and the largest city in the county. Along with Chinese Coolies, over 4,000 rough and ready railroad workers lived in a tent city along the Clark Fork River. Railroads brought people, and the lumber industry, which began to service the rails and trains, became the stalwart of the North Idaho economy for the next 100 years.

History of Hope, Idaho

At first Hope was just a stopping point along the railroad, but in 1890, the Northern Pacific moved its division point west from Montana to the shores of Lake Pend Oreille. Hope was incorporated on July 17, 1891. East Hope was incorporated on June 28th 1902. Hope was a busy port in its early days. Steamboats crossed the lake carrying supplies and mail to mining sites around the shore before roads were built. The boats were used to carry supplies up the Clark Fork River to Cabinet Gorge while the railroad was being constructed. The lake had long supported a fishing fleet, bringing in tons of fish every day. The populations were decimated by the introduction of tiny krill. The Federal government added these small shrimp in an attempt to increase fish populations; the experiment had the opposite effect. Recent years have seen a small recovery in fish populations, and now Hope is the center of some fine sports fishing.

Hope began to grow in 1882 when the Northern Pacific came through and in 1900 set its Rock Mountain division point in the hillside village. Incorporated in 1903, the village was named in honor of the veterinarian who tended the construction horses. A wise and kindly man, Dr. Hope was widely respected. Hope was the largest town in the area during the 1880s, achieving prominence as the Rocky Mountain division point on the Northern Pacific line. Engines turned around in the large roundhouse, and the railroad built shops, offices, and a "beanery" there.

The Hotel Jeannot, now known as Hotel Hope, was able to capitalize on this business with its location right above the depot, and with its tunnels providing easy access for passengers to the hotel. Many say that the tunnels were used to entertain the Chinese "coolees," working on the railroads, who were normally not allowed in the establishments that served the locals and travelers.

In contrast to Hope's early boom, Sandpoint grew slowly following completion of the railroad. An 1883 visitor found only 300 people in town, and nine years later another traveler reported that "Sandpoint is made up of between three and four dozen rude shacks and perhaps a dozen tents." The town experienced tremendous growth, however, following the turn of the century.

When the division point moved to Sandpoint, Hope began to decline. Hotel Hope continued to draw people until the 1960s, partly because the picturesque setting of the town beside Lake Pend Oreille attracted many tourists. Some of them prominent: JP Morgan, Teddy Roosevelt, Gary Cooper, and Bing Crosby.

The original Hotel Jeannot (Hotel Hope) was a wooden structure which burned down in about 1886. It was then that Joseph M. Jeannot started on his fireproof commercial building, which he shared with his brother Louis. He constructed one section at a time, and added on over the years, finally completing the three-bay, two story hotel in 1898. The rectangular building has two full stories above two separate basement sections. The facade is divided into three approximately equal bays which vary in design and building materials indicating that the hotel was built in sections over a period of years. This theory collaborated by the analysis of the structure during restoration as well as through oral accounts. The first section to be built was the first story of the east bay with its walls of rock-faced random-coursed granite ashlar with beaded joints. Next came the first story of the center bay with its lower facade walls of poured concrete. Following this, or possibly built at the same time, was the red brick second story over the center and east bays. The west bay was the last to be built, either all at once or in two stages. The first floor is of poured concrete with the second floor of red brick.

Various businesses have occupied the building over the years including a saloon, a restaurant, a general store, a meat market, and even a post office. The vaulted meat cooler adjoining the west basement was probably built when Louis ran his general store and meat market in the period from 1895 to 1897. Hotel Hope still stands as a testament to the times.

JM Jeannot's hotel and saloon were not his only business interests. He was also involved in mining and had several claims across Lake Pend Oreille in the area of ​​Green Monarch Mountain. Hope had a large Chinese population which had arrived with the railroad, and Jeannot supposedly took advantage of this source of cheap labor for his mines. According to one of Jeannot's friends, he allowed these men to use the meat cooler under the hotel as a clubhouse. They gained access to this room through the small tunnel which connected it to the railroad depot, thus bypassing the more obvious entrances. This vault in the hotel is one of the few sites left in Hope which may be connected with the large number of Chinese who used to live in the town.

Jeannot's mining operations as well as his losses at gambling led to his unstable financial condition which may have been one reason the hotel took ten to twelve years to complete. According to one source, the construction was held up for more than a year when Jeannot lost all of his money in a bet on William Jennings Bryan in 1896. Uncertain finances continued to plague Jeannot and he mortgaged and remortgaged the hotel over the years between 1907 and 1918, eventually losing the building in 1918. A friend paid off the debt in 1920, and ran the hotel until her death in 1968.

Today the era of lumber and trains has been supplanted by tourism and manufacturing in Bonner County, and Hope and Clark Fork have become known as an artist colony. This is in great part due to Ed Kienholz.

Born in 1927 at Fairfield, Washington. He studied at schools and colleges in the Inland Northwest. He first earned his living as a nurse in a psychiatric hospital, as the manager of a dance band, as a dealer in secondary cars, a caterer, decorator and vacuum cleaner salesman. In 1953 he moved to Los Angeles.

In 1954 he made his first reliefs in wood. In 1956 he founded the NOW Gallery, and in 1957 the Ferus Gallery with Walter Hopps. In 1961 he completed his first environment Roxy's, which caused a stir at the documenta "4" exhibition in 1968. His retrospective at the Los Angeles County Museum of Art in 1966 provoked the County Board of Supervision to attempt to close the exhibition. The theme of his environments is the vulnerability of the private life of the individual to intervention by the environment and social convention.

In 1972 he met Nancy Reddin in Los Angeles. In 1973 he was guest artist of the German Academmic Exchange Service in Berlin. He moved to Hope with his wife Nancy, and around this time also established himself in Berlin. His most important works during this period were the Volksempfänger (radio receiving apparatus from the National Socialist period in Germany). In 1975 he received a Guggenheim Award.

He died in 1994, but his wife, Nancy Reddin Kienholz continues as a world-renown artist, frequently visiting Hope.
Because of their notoriety, and the astonishing beauty of the area, we now have over 600 artists in our enclave.

The Kienholz couple befriended many wealthy patrons in Berlin, and over the years, two families have also created their own family retreats on the Hope Peninsula. As you turn from David Thompson Road on to Kullyspell Road, the Max Factor group of homes is on your right. These go down to the beginning of the property line for Kullyspell House. The other family is the Groenke family. Klaus Groenke is the managing director and part owner of Trigon Holding GmbH, a Berlin based international real estate company. He is also reported to be a leading share holder in Coca Cola Company, and a regional board member of the Deutsche Bank Berlin / Brandenberg. They built the Groenke Estate, a 150 acre compound at the end of David Thompson Road that becomes Kienholz Road. It is here that a full section of the Berlin Wall stands, encased in lexiglas, graffiti and all intact as it was before its fall. Recently the family sold half the estate, where many multi-million dollar homes have been built or are planned.

Today Hope, Idaho is a tourist and summer lake destination, with numerous artists and eclectic folk. It is a bedroom community to Sandpoint, and is considered by many, with its spectacular lake and mountain views, to be among the most picturesque areas of North Idaho. In fact, many travel magazincalled the journey along the cliffsides from Sandpoint to Hope one of the most beautiful drives in the world.

History of Clark Fork, Idaho

While totally distinct towns, many in North Idaho think of Clark Fork and Hope as one community. In fact, the two share the same Chamber of Commerce website: [http://www.poby.org/]

The City of Clark Fork also became a viable town in the early 1880's as the construction by the Northern Pacific Railroad continued through the nearby Bitterroot and Cabinet Mountains. This small community has been geared towards mining, logging, sawmills, farming, Forest Service activity, fish hatcheries, dam construction, fur trapping activity, collegiate studies and homes for teens. Also, for most of its history the railroad maintained a station and section crew in Clark Fork. Clark Fork was incorporated 1912. Today the University of Idaho Clark Fork Field Campus is located there.

In the 19th century the Clark Fork Valley, like the shores of Lake Pend Oreille around Hope, was inhabited by the Flathead tribe of Native Americans. It was explored by Meriwether Lewis of the Lewis and Clark Expedition during the 1806 return trip from the Pacific. The river is named for William Clark. A middle segment of the river in Montana was formerly known as the Missoula River.

Much of Clark Fork's story over the following years had to do with crossing the river. The bridge fording the Clark Fork River provided one of the only passes to the north, and with the steamboats bringing miners making the arduous journey to the Kootenai gold rush, this was one of the only ways to travel. Before a bridge was built, Clark Fork had a ferry to make the crossing. Early ferries were nothing more than logs lashed together. Later, some records indicate a ferry was operating in 1893, but this was a decade after the Northern Pacific line was put in place, so it is safe to assume there was a brisk business with ferry crossings during construction.

It is important to be reminded that the Cabinet Gorge Dam was not in place then, and reporters at the time wrote in 1916 that "The Clarksfork river handles a volume of water much larger than the Snake river. At times during high water, the flow amounts to as much as 94,000 cubic feet per second. The average width of the river is about 1300 feet. The velocity of the river at certain times is very large, about eight miles an hour. Due to this it is necessarily very hazardous to operate a ferry at Clarksfork at any time and very dangerous and at some times impossible to operate a ferry at all. "

Certainly this ferry crossing created a need and a place for travelers, not only to cross, but at times to rest, restock supplies, and take advantage of the occasional saloon.

Until WWI there was a lot of sawmill activity, then to a lesser degree through the 1950s. Early sawmills include McGillis and Gibbs, Lane and Potter. From the start until the late 1950s, mining operations played an important role in the community's economy. The Whitedelph mine and mill located near the Spring Creek fish hatchery began operation in 1926 until it closed in 1958. It yielded galena ore assaying principally in silver, lead and zinc. The Lawrence mine was located on Antelope Mountain near Mosquito Creek and near the University of Idaho Clark Fork Field Campus. Area hills and mountains had numerous small mining holes tended by small operations and prospectors.