C-Suite Network™

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Capital Growth Investing Strategy

My Funded Futures

Looking for a new career? 

My Funded Futures

Day Trading is quickly becoming an answer to those looking for a way to make money and APEX TRADER FUNDING offers a funded account.

Looking to make Random Income or Full time money stacking Side Hustles?

What is A Funded Account?

A funded trading account is a type of financial arrangement in which a proprietary trading firm or a similar financial entity provides a trader with access to a pool of capital to trade stocks, forex, commodities, or other financial instruments. This arrangement allows traders to leverage larger amounts of capital than they might personally own, with the aim of amplifying potential gains.

Here are the key aspects of a funded trading account:

  1. Qualification and Evaluation: Typically, traders must go through a qualification process, which may involve a demonstration of their trading ability through a simulation or a trial trading period using a demo account. This is often referred to as an evaluation period or a trading challenge.
  2. Profit Sharing: Profits generated from trading are split between the trader and the funding firm according to predetermined percentages. The exact split can vary widely, often depending on the trader’s performance and the policies of the funding firm.
  3. Risk Management Rules: Funded accounts usually come with strict risk management rules set by the funding company. These might include limits on daily losses, total drawdown, and restrictions on trading certain products or during volatile market events.
  4. Subscription or Program Fees: Some funded trader programs require the trader to pay a subscription fee or a one-time fee to participate in the trading challenge or to maintain the funded account. These fees can cover the costs of technology, support, and the risk the company takes by allocating capital to the trader.
  5. Training and Support: Many firms provide educational resources, coaching, and support to help funded traders succeed. This might include access to experienced traders, analytical tools, and educational materials.
  6. No Liability for Losses: One significant advantage for traders is that they are typically not financially liable for losses beyond the initial fee or the specified drawdown limit, as the trading capital is provided by the firm. However, breaching risk management rules can result in the termination of the funded account agreement.

Funded trading accounts are popular among traders who lack the capital to trade at scale on their own but have the skills to potentially generate profits from trading. It offers an opportunity to trade with significant capital while minimizing personal financial risk, although it comes with various conditions and rules that need careful consideration.

My Funded Futures is the future of stackable side hustles.

Categories
Branding Growth Strategy

Maximize Your Team’s Potential with Baz Porter’s Corporate Coaching

In the fast-paced and ever-evolving landscape of modern business, corporate coaching has emerged as a pivotal strategy for organizations seeking to optimize their performance, cultivate a thriving workforce, and gain a competitive edge. Baz Porter, a renowned corporate coach, brings a unique and transformative approach to coaching, drawing from his diverse experiences and tailored methodologies to help businesses unlock their full potential.

As Bill Gates once said, “Success today requires the agility and drive to rethink, reinvigorate, react, and reinvent constantly.” Baz Porter’s coaching philosophy embodies this spirit of continuous improvement and adaptability, empowering organizations to navigate the complexities of the modern business world with confidence and resilience.

Understanding the Power of Corporate Coaching: Corporate coaching is a dynamic process that provides targeted guidance and support to businesses, focusing on enhancing leadership skills, optimizing team performance, and driving organizational success. The benefits of engaging a skilled corporate coach like Baz Porter are far-reaching:

  • Developing visionary and emotionally intelligent leaders
  • Fostering a culture of collaboration and innovation
  • Boosting employee engagement and job satisfaction
  • Streamlining processes and improving efficiency
  • Cultivating a growth mindset and resilience in the face of challenges

“Coaching is unlocking a person’s potential to maximize their performance. It’s helping them to learn rather than teaching them.” – John Whitmore, a pioneer in the coaching field.

Baz Porter’s Transformative Coaching Approach: His highly personalized and holistic approach to coaching sets Baz Porter apart as a corporate coach. He takes the time to deeply understand each client’s unique challenges, goals, and organizational culture, crafting bespoke coaching strategies that align with their specific needs and aspirations.

The core principles that underpin Baz’s coaching philosophy are:

  1. Integrity: Building trust and transparency in all interactions
  2. Compassion: Fostering a supportive and empathetic coaching environment
  3. Sustainability: Developing strategies for long-term success and growth

“The role of a creative leader is not to have all the ideas; it’s to create a culture where everyone can have ideas and feel that they’re valued.” – Ken Robinson, educator and creativity expert

The R.A.M.S Framework: A Roadmap to Success Baz Porter’s signature coaching framework, R.A.M.S, provides a comprehensive roadmap for organizational transformation:

  1. Results: Setting clear, measurable goals and focusing on tangible outcomes
  2. Attitude: Cultivating a positive, growth-oriented mindset throughout the organization
  3. Mastery: Empowering individuals and teams to excel in their roles through continuous learning and development
  4. Systems: Implementing robust systems and processes that support and sustain improvements

“The secret of change is to focus all of your energy, not on fighting the old, but on building the new.” – Socrates, ancient Greek philosopher

Overcoming Common Corporate Challenges: Baz Porter’s coaching approach is designed to tackle the most pressing challenges faced by modern organizations, such as:

  • Improving communication and collaboration across teams and departments
  • Developing effective leadership skills at all levels of the organization
  • Boosting employee morale, engagement, and retention
  • Fostering a culture of innovation and adaptability

Through targeted coaching sessions, practical tools, and ongoing support, Baz empowers clients to transform challenges into opportunities for growth and success.

“The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday’s logic.” – management consultant and author Peter Drucker.

Client Success Stories: Testimonials of Transformation The true impact of Baz Porter’s corporate coaching is best illustrated through his clients’ success stories. From executives to mid-level managers, countless individuals have experienced significant breakthroughs and lasting transformations in their professional lives and organizational culture.

“Baz Porter’s Brand Repositioning program enabled us to implement a “what’s old is new again” strategy. We stripped a diluted, fragmented, or compromised core message back to its roots (e.g., a perfect cup of coffee or a perfect bowl of soup) and refreshed the brand’s value proposition.” -Ms. Jacewicz Siemens.

Embark on Your Transformative Coaching Journey: If you’re ready to take your organization to the next level and unlock the full potential of your team, Baz Porter’s corporate coaching services are the key to success. With his proven track record, unique approach, and commitment to sustainable transformation, Baz is the ideal partner for businesses seeking to thrive in the modern business landscape.

Take the first step towards maximizing your team’s potential today. Please schedule a consultation with Baz Porter and discover how his transformative coaching can help your organization achieve new heights of success.

“The best way to predict the future is to create it.” – Peter Drucker

Don’t wait for change to happen; be the catalyst for transformation in your organization. Partner with Baz Porter and unlock the power of corporate coaching to drive results, cultivate a thriving workplace culture, and position your business for long-term success.

Visit the RAMS By Baz Website to learn more about Baz Porter’s corporate coaching services and access a wealth of leadership, team development, and organizational growth resources. Your journey to maximizing your team’s potential starts here.

Categories
Growth Leadership Operations

Don’t Be Fooled: Bigger Doesn’t Equal Slower – Letters to Leaders

Dear CEO’s, COO’s, and other runners of complex organizations,

Once upon a time, seven people gathered around a table and decided to do something complicated.

Maybe they were going to invent a new, high-tech medical device. Maybe they wanted to put on a major event covering a topic with a lot of interest but without a formal community. Maybe they wanted to start a nonprofit organization to serve a specific need.  Whatever it was, it would be complex, take time, and ultimately require more people, but they were committed. They worked on it every day and checked in with each other weekly. Those meetings lasted anywhere from 20 minutes to a little over an hour, and in them they talked about what was coming up and who needed to do what to stay on track.

Weirdly, the attendees rarely called the gatherings “meetings.”

It was just people working together, in ways that seemed obvious and necessary, like “we have that major milestone/event/filing/news release/etc. in five weeks, and in order to be ready we need to…” The leader helped move meetings along and made rulings occasionally, but everyone was so focused on what they were trying to accomplish that most conversations took care of themselves and drove the group forward. When surprises or problems arose, everyone pitched in and either turned things around or had an honest conversation about tradeoffs, and then acted on their shared plans.

It wasn’t always easy. It wasn’t perfect. It wasn’t free of conflict or a little drama from time to time. But overall, this group of people consistently headed in the same direction and focused on getting there together. And it worked. They succeeded, hit most of their early marks, got some wins. Before they knew it, they had grown to a group of 25 to 50 people with a more complex set of efforts in progress.

[[RELATED: Execution, Accountability, & Alignment: Symptoms to Understand, not Problems to Solve]]

Everybody knows 25 to 50 people can’t fit around a single table to have a meeting, so the original group created some hierarchy. They hired smart people with the right skills, clearly defined overall goals and structure, and created an environment where people felt free to bring their best selves to work.  They defined groups, assigned managers, and tried to write clear goals for everyone. In short, they did everything right, at least according to most of what you’d find on LinkedIn as a six-minute read or infographic advocating for the importance of people.

Weirdly, people rarely publish an infographic on LinkedIn advocating against the importance of people.

Anyway, something was different in the leadership team. There were still seven people, gathered around a table, with the same level of competence and commitment to the mission. But many of those people now had teams reporting to them – some with multiple layers.  And if you listened to what was being said in the meeting – really listened – it had changed.  Gone were the days of “we have a major item coming up, and in order to be ready we need to do X.” In its place appeared something more like this: “my team’s current goals are X, Y, and Z, and here is how that is going.”

This happened almost imperceptibly to those involved. They were still talking about the results they cared about, and of course they now had to roll up the progress of the people beneath them. Surely status updates were needed, and so the transition from issue/decision/solution conversations to status update happened as easily as sliding into a hot tub after a long day.

Before long, though, the leader began to feel a little like that hot tub might be a cauldron slowly coming to a boil. More and more time of the time previously spent doing things or looking forward was now spent interpreting the ever-thickening status updates: Is the presenter putting a positive spin on it? How positive?  Is the information accurate? Is it possible the presenter thinks the information is accurate but is mistaken? How will presenter A’s status impact presenter B’s goals?   This leader went from looking ahead to the results of the future to looking down at the work happening beneath – it had somehow become the leader’s job to stitch it together.

[[RELATED: Quit Making Sure and Start Making Decisions]]

And it wasn’t just one leader. Members of the leadership team found themselves looking down into their own teams in the same way. Nobody would have said so, but the whole thing had begun to resemble Dr. Seuss’ depiction of management as layers of subordinate-watchers. Much to the frustration of all involved, they began to notice that things were moving more slowly and clumsily but couldn’t put their finger on exactly why.

Weirdly, Dr. Seuss wasn’t trying to be a Management Thought Leader.

Still, if this story sounds familiar, you’re not alone.  Many leaders have experienced it. Worse, very little of the advice out there on leadership and running high-functioning organizations has much to say about how to prevent it.  On the contrary, most of the advice will either covertly or overtly tell you that as you get bigger, you have no choice but to get slower. Leaders following the majority of “best practices” in organizational development and team leadership often find themselves with this exact problem.

That’s the bad news: it happens so often that people, even “experts,” have come to believe it’s inevitable.

The good news is that it’s the advice that’s slowing you down, not the size of your company. The highest performing entrants in most spaces – even the HUGE ones – don’t allow themselves to tip into endless status-updating with minimal decision-making. They don’t get lost in rosters of linked goals, and they don’t spend all of their organizational improvement calories on Excel spreadsheets with competency matrices. Instead, they run meetings that make high quality decisions, take quick and coordinated action, and then learn from what happens and incorporate the new information into the next round of decisions. What they do is neither mysterious nor terribly difficult to understand: they simply Iterate®.

[[RELATED: Accelerating Decision-Making and Action in Complex Organizations]]

My entire career is about how to prevent or correct this sort of management-bureaucracy-by-way-of-status-update. By doing things like getting everyone looking up, looking forward instead of backward, and implementing Iterative Management® in general, you can get any size organization to flex and pivot just like they would if they were seven people sitting around a table trying to do something new and complicated. If you’re looking for more information on how to do this, either call me or just stick around. I promise, I’ll keep writing about it.

But for now, I just wanted you to remind you not to buy into “bigger equals slower.” If you find someone pushing that advice, don’t find a way to slow down – just find some different advice.  Because while it’s true you might need to work a little differently, you can make the changes while you’re getting the work done – you don’t have to trade away results.

I guess what I’m saying is, weirdly, “go slow to go fast” is absolutely correct – but it only works if you don’t forget the second part.

Respectfully,
Ed

PS. If I took your computer, put a bigger microprocessor in it, and then gave it back to you and said, “now your system is run by a larger and more complex network, so of course it will go slower,” you would fire me as your IT person. Adding computing power should add speed, not reduce it; that’s true in human systems too.

 

Like this and want more? Watch Ed Muzio’s new TV Series, “One Small Step” on C-Suite Network TV. And, Visit the Group Harmonics Industry Intelligence Archive for ideas, whitepapers, and case studies about changing culture and how management culture impacts so many facets of the organization.

Categories
Best Practices Growth Strategy

Why Operating as a Sole Proprietor Might be Holding You Back from Creating Generational Wealth

Why Operating as a Sole Proprietor Might be Holding You Back from Creating Generational Wealth

Are you striving to create lasting generational wealth but feel like you’re hitting a ceiling? If you’re operating as a sole proprietor, you might be unintentionally limiting your potential for financial success. Here are five compelling reasons why this business structure could be holding you back.

  1. **No Legal Separation: **

As a sole proprietor, there is no legal distinction between you and your business. This means that your personal assets are at risk if your business faces financial trouble or legal issues. By operating as a corporation or LLC, you can create a legal separation, protecting your personal assets from business liabilities.

  1. **Limited Tax Deductions: **

Sole proprietors have limited tax deductions compared to corporations or LLCs. With only 15-20 deductions available on a Schedule C or Schedule E, you could be missing out on significant tax savings. By transitioning to a different business structure, you can take advantage of a wider range of deductions, reducing your tax burden.

  1. **Inability to Build Separate Credit Profiles: **

Operating as a sole proprietor means that your business and personal credit profiles are intertwined. This can make it challenging to build a strong business credit profile, which is crucial for accessing financing and growing your business. By forming a corporation or LLC, you can establish a separate credit profile for your business, increasing your access to credit over time.

  1. **Higher Tax Brackets: **

Sole proprietors are taxed at individual tax rates, which means that the more money you make personally, the higher your tax bracket. This can result in a higher tax burden compared to operating as a corporation, which may offer more favorable tax rates and deductions.

  1. **Business Succession: **

If you pass away as a sole proprietor, your business dies with you. This can have significant implications for your family and the future of your business. By forming a corporation or LLC, you can ensure that your business can continue to operate after your passing, providing a legacy for future generations.

At Controllers, Ltd, we specialize in corporate structure, compliance, asset protection, tax strategies, and estate planning. If you’re ready to take the next step towards creating lasting generational wealth, schedule a call with one of our experts today. Visit www.calendly.com/stephan-controllers or call our office at (775) 384-8124 to get started.

Don’t let operating as a sole proprietor hold you back from achieving your financial goals. Contact Controllers, Ltd today and discover the benefits of a more strategic business structure.

 

Categories
Advice

From Symptoms to Solutions: How the 5 Whys Reveal the Real Issues

In my extensive work coaching high-performing individuals and teams through the RAMS framework, I’ve found that one of the most potent techniques for troubleshooting, quality improvement, and problem-solving is also one of the simplest: the 5 Whys.

The 5 Whys methodology is remarkably straightforward yet profoundly effective. When a problem arises, rather than simply addressing the surface-level symptoms, you drill down to its root cause by asking “Why?” five times in succession. Then, once the underlying issue becomes clear, you implement a countermeasure to prevent the problem from recurring.

Let’s walk through an example to illustrate how the 5 Whys can be applied:

The Problem: A key team member consistently misses project deadlines.

  1. Why are they missing deadlines? Because they are overloaded with too many tasks and responsibilities.
  2. Why are they overloaded? The team has taken on more projects without adding additional resources.
  3. Why has the team taken on more work without expanding? Management is pushing for increased output and revenue.
  4. Why is management pushing unsustainably? They feel pressure to show continuous growth to stakeholders.
  5. Why is there a focus on short-term growth over sustainability? The organization lacks clear long-term strategic objectives.

Root Cause: Absence of well-defined, long-term company strategy.

By methodically questioning layer after layer, we’ve moved past blaming the individual and uncovered a more profound, systemic issue within the organization. With this root cause identified, we can now work on developing a sustainable business strategy with realistic objectives – a true countermeasure that will cascade down to alleviate deadline issues, resource allocation problems, and employee burnout.

This is the power of the 5 Whys, and it perfectly complements the principles we focus on in the RAMS framework:

Results: By identifying and resolving root causes, we ensure our actions lead to optimal, lasting results.

Attitude: Asking “Why?” cultivates a growth mindset, encouraging us to dig deeper and view challenges as opportunities for improvement.

Mastery: Repeatedly using the 5 Whys hones our analytical skills and problem-solving mastery.

Systems: Implementing countermeasures to root causes leads to improved systems and processes.

So next time you encounter a recurring issue, don’t just treat the symptoms. Channel your inner high-performer, grab a pen, and ask “Why?”.

The answer, and ultimately the solution, lies just five questions away. Keep drilling down, improving, and striving for excellence – that’s the RAMS way!

Categories
Branding Growth Leadership

Unlocking Professional Potential: The Hidden Costs of a Neglected LinkedIn Profile

A robust digital presence has become synonymous with professional identity in today’s digital era. As a result, LinkedIn has become an essential gateway for executives and professionals wanting to expand their horizons. Because LinkedIn is the primary starting point used by both executive recruiters and professionals looking for partnership opportunities, the condition of your LinkedIn profile holds significant sway over your career trajectory. This reality underscores the importance of executive LinkedIn profile optimization as a cornerstone for leaders’ personal branding.

A Poor LinkedIn Profile is Not Harmless

Many executives overlook the significance of their online brand and mistakenly believe that their minimal digital footprint will be interpreted as a sign that they are too busy or too important to engage online. However, the repercussions of a neglected LinkedIn profile impact both personal and corporate reputation. Let’s look at some ways a neglected profile can harm you.

  • There can be a mismatch with your professional aspirations.
    Outdated profiles that don’t reflect an executive’s current status, accomplishments, and skills can result in desirable next-step career opportunities failing to align and connect with them. This misalignment is a classic example of the need for executives to have a serious strategy regarding their use of LinkedIn, ensuring that their online presence accurately represents their professional experience, ambitions, and readiness for advancement. 
  • You may have limited exposure and limited chances of being found.
    Profiles that rarely surface in LinkedIn searches miss out on career development opportunities and strategic introductions. Effective personal branding for leaders on LinkedIn emphasizes the uniqueness of each executive, making them memorable and the preferred choice for new opportunities. This highlights the importance of understanding and applying LinkedIn SEO tactics as part of a comprehensive LinkedIn strategy for executives, ensuring their profiles gain the visibility needed to attract the right opportunities.
  • Your profile may not attract and initiate desirable conversations.
    Even if it is found, a profile that does not resonate with its intended audience results in missed connections and opportunities. Crafting a LinkedIn presence that speaks directly to the desired audience is a key aspect of executive LinkedIn profile optimization to open doors to significant career leaps and collaborations.
  • The condition of your profile may undermine your self-confidence.
    The knowledge that your LinkedIn profile does not showcase the best version of your professional self can also significantly impact your confidence in professional settings. A well-optimized LinkedIn profile is a foundation for self-assurance, empowering executives to pursue opportunities with conviction.

Transforming Your LinkedIn Presence

Imagine a LinkedIn profile that actively champions your strengths, achievements, and professional ethos, positioning you as a leader in your field. Now is the time to embrace executive LinkedIn profile optimization, refine your brand, articulate your value, and lead with distinction.

Are you ready to transform your LinkedIn presence and unlock the door to unparalleled professional opportunities?

Schedule your complimentary Executive Discovery Call today to start your journey toward a powerful LinkedIn strategy that attracts your ideal opportunities.

With over a decade of experience, I have guided numerous C-level and senior executives in leveraging LinkedIn for personal and professional growth. As a recognized authority in personal branding for leaders and LinkedIn strategy, I offer the insights and expertise necessary to navigate the complexities of building a standout digital presence.

Categories
Sales Training Strategy

Mastering the Availability Heuristic: Baz Porter’s Insights for Savvy Business Strategies

Hey there, fellow business enthusiasts! Baz Porter here, the founder of RAMS and your guide to leveraging the fascinating world of behavioral economics to take your business strategies to the next level. Today, we’re diving into the Availability Heuristic, a cognitive bias that can be a game-changer when applied strategically. So, please grab a coffee and explore how this principle can revolutionize your pricing, marketing, risk management approach, and more!

Setting the Stage for Premium Pricing First, let’s talk about pricing. As a business leader, you know that setting the right price can make or break your success. The Availability Heuristic comes into play here by influencing how consumers perceive the value of your product or service. By starting with a premium price point, you anchor that value in their minds, making it more readily available when they consider future purchases. It’s like making a stellar first impression – it sets the tone for everything that follows!

Marketing Magic: Repetition is Key. Now, let’s move on to marketing. Have you ever found yourself humming a jingle from an ad you’ve heard a million times? That’s the Availability Heuristic at work! By frequently exposing your target audience to your product or brand, you increase the likelihood that they’ll remember you when it’s time to purchase. It’s not just about being top-of-mind; it’s about being unforgettable. So, don’t be afraid to put yourself out there and make your presence known!

Risk Management: Anticipating Human Behavior As a leader, managing risk is critical to your job. Understanding how people make decisions under uncertainty is key to developing effective risk management strategies. The Availability Heuristic helps you anticipate how stakeholders might respond to different risks based on their experiences and the outcomes they remember most vividly. By tailoring your approach to align with these natural biases, you can create risk management plans that resonate with your team and increase buy-in.

Emergency Response: The Power of Experience In emergencies, every second counts. That’s why training that leverages the Availability Heuristic is so powerful. By simulating various emergency scenarios, responders build a rich repository of experiences they can draw upon when faced with real-world situations. This allows them to recognize patterns quickly and make split-second decisions that can save lives. It’s a testament to the power of experience and the importance of making that experience readily available when it matters most.

Operational Efficiency: Focus on What Matters Running a successful business means identifying and managing the constraints that limit your overall performance. The Availability Heuristic helps you focus on the most pressing issues by making those limiting factors more cognitively accessible. You can optimize your operations and achieve your goals more efficiently by directing your resources and attention to where they can have the most significant impact. It’s about working smarter, not harder!

Complex Decisions Made Simple We’ve all been there – faced with a complex decision that feels overwhelming. That’s where visual mapping comes in. You make vital information readily available and easily digestible by visually laying out your choices, potential outcomes, and their impacts. This harnesses the Availability Heuristic to simplify decision-making and ensure that the most relevant factors are top-of-mind when making the call.

The Human-Centric Approach to Business At RAMS, we believe in behavioral economics’s power to transform businesses. By understanding and leveraging principles like the Availability Heuristic, Loss Aversion, and Risk Evaluation, you can develop strategies that align with the natural tendencies of human behavior. This human-centric approach makes your plan more effective and fosters more profound connections with your customers and stakeholders.

So, there you have it – a crash course in applying the Availability Heuristic to your business strategies. As you can see, this cognitive bias is a powerful tool when used strategically. By making critical information more readily available and aligning your approach with human behavior, you can optimize your operations, make better decisions, and ultimately achieve tremendous success.

Remember, at the end of the day, business is about people. By understanding how people think and what drives their actions, you can create strategies that resonate on a deeper level and drive meaningful results. So, go forth and apply these insights to your own business – and don’t forget to have a little fun along the way!

Keep learning, keep growing, and keep making a difference.

 I am thrilled to invite you to join me for the exclusive “Millionaire Mindset Revolution” Boot Camp. This transformative 60-minute webinar is designed to equip you with proven tools and strategies to unlock your full potential and achieve extraordinary success in your business.

Date: 05/30/2024

Time: 12 PM EST | 10 AM MST | 9AM PST

Duration: 60 minutes of intensive training

During this action-packed session, you will discover:

  • The key characteristics of a millionaire mindset and how to cultivate them
  • Proven strategies for overcoming limiting beliefs and embracing a growth mindset
  • Daily habits and routines of successful millionaire entrepreneurs
  • The power of positive self-talk and visualization in achieving your goals
  • Essential components of a winning business strategy and how to develop one

As a seasoned professional with a proven track record in transforming businesses, I am committed to providing you the tools, insights, and hands-on guidance you need to revolutionize your mindset and achieve the success you’ve always dreamed of.

But don’t just take my word for it. Here’s what attendees from leading companies have to say:

“The Millionaire Mindset Revolution Boot Camp was a game-changer for me. Baz’s insights and practical strategies helped me break through the limiting beliefs holding me back. Since attending, I’ve implemented the tools and techniques I learned, and my team at Marriott International has seen a 30% increase in productivity and guest satisfaction.” Michael Thompson, Director of Operations, Marriott International

“I’ve attended numerous business seminars and workshops, but none have had the profound impact that Baz Porter’s Millionaire Mindset Revolution Boot Camp had on me. I left feeling inspired, empowered, and ready to take on any challenge.”
Sarah Adams, Marketing Manager, Philips

This exclusive boot camp is limited to a select number of attendees to ensure a personalized, action-packed experience. Secure your spot now before it’s too late!

Click Here to save your seat at this Free 60 Minute Training.

Categories
Advice Investing Personal Development Skills

Day Trading Books

Best Day Trading Books for Beginners

Best Day Trading Books for funded accounts

1. Introduction to Day Trading

  • Book Title: “A Beginner’s Guide to Day Trading Online” by Toni Turner
  • Description: This book provides a comprehensive introduction to day trading, covering the basics of how the stock market works, trading tools and technologies, and fundamental trading strategies. It’s written in an accessible style, making complex concepts understandable for beginners.

2. Technical Analysis Fundamentals

  • Book Title: “Technical Analysis For Dummies” by Barbara Rockefeller
  • Description: An excellent resource for understanding technical analysis, this book breaks down technical indicators, chart patterns, and how to interpret market signals. It’s crucial for day traders who rely heavily on technical analysis to make quick trading decisions.

3. Psychological Aspects of Trading

  • Book Title: “Trading in the Zone” by Mark Douglas
  • Description: This book delves into the psychological challenges of trading and offers insights into how to develop the mental discipline and emotional control needed to succeed in day trading. It’s a must-read for understanding the mindset of successful traders.

4. Strategy and Execution

  • Book Title: “Day Trading and Swing Trading the Currency Market” by Kathy Lien
  • Description: Kathy Lien provides a deep dive into currency day trading, offering specific strategies and market insights. While focused on forex, the book’s principles can be applied broadly, making it valuable for day traders in various markets.

5. Risk Management

  • Book Title: “The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist” by Brett N. Steenbarger
  • Description: This book emphasizes the importance of self-coaching and risk management, offering practical advice and exercises to improve trading performance and resilience. It’s essential for managing the high-risk environment of day trading.

6. Advanced Day Trading Concepts

  • Book Title: “Mastering the Trade” by John F. Carter
  • Description: Catering to those who have grasped the basics, this book explores advanced trading strategies and setups. It includes detailed case studies and real-world examples, providing a deeper understanding of day trading dynamics.

7. Practical Tools and Platforms

  • Book Title: “The Complete Guide to Day Trading” by Markus Heitkoetter
  • Description: This guide offers a practical approach to setting up a trading workstation, choosing the right software, and understanding the mechanics of placing trades. It’s a hands-on manual for the day-to-day operations of a day trader.

8. Market Analysis and Insights

  • Book Title: “How to Day Trade for a Living” by Andrew Aziz
  • Description: Aziz provides insights into analyzing market trends, picking the right stocks, and developing trading plans. The book is known for its clear explanations and actionable strategies, making it a popular choice among beginners.

Conclusion

  • Summarize the importance of continuous learning and self-improvement in day trading, highlighting how these books provide a solid foundation for beginners to start their trading journey.

This outline offers a balanced view of the essential aspects of day trading, from technical analysis and strategy to psychology and risk management, providing beginners with a comprehensive learning path through literature.

Get a Day Trader Funded Account

Best Stocks for Day Trading

How to find the best stocks for day trading is science, logic and tools to help you sort data to make a personal decisions. There is not 100% proven method to success but many attempts to help guide someone who wants to be a day trader!

Here is some logice to help narrow your search.

1. Stock Screeners

  • Description: Stock screeners filter stocks based on specific criteria like market capitalization, sector, earnings growth, dividend yield, and many other financial metrics.
  • How to Use: Set your desired criteria in the screener to narrow down the list of stocks that meet your investment or trading objectives. This helps in identifying potential opportunities that align with your strategy.

2. Technical Analysis Software

  • Description: This software provides charting tools and technical indicators to analyze price movements and patterns of stocks.
  • How to Use: Apply technical indicators like moving averages, RSI, MACD, and Bollinger Bands to identify trends, support and resistance levels, and potential buy or sell signals.

3. Fundamental Analysis Tools

  • Description: These tools help analyze a company’s financial health through metrics like P/E ratio, debt levels, revenue growth, and profitability.
  • How to Use: Use these tools to assess the financial statements and performance of companies, comparing them with industry peers to identify fundamentally strong stocks.

4. Economic Indicators and News Feeds

  • Description: Real-time news feeds and economic indicators provide insights into market-moving events, economic trends, and company-specific news.
  • How to Use: Stay updated with the latest news and economic data to understand potential impacts on stock prices and market sectors, aiding in timely decision-making.

5. Earnings Reports and Analysis

  • Description: Earnings reports are crucial in assessing a company’s financial performance, while analysis tools can provide forecasts and insights into future performance.
  • How to Use: Analyze past earnings reports and consensus estimates to gauge a company’s profitability and growth prospects, which can influence stock price movements.

6. Sentiment Analysis Tools

  • Description: These tools gauge the market sentiment towards a particular stock or the market as a whole, using data from social media, news articles, and financial blogs.
  • How to Use: Monitor sentiment indicators to understand the general mood of investors and traders towards certain stocks, which can be a precursor to price movements.

7. Portfolio Management Software

  • Description: Helps in tracking and managing your investments, providing an overview of your portfolio’s performance, asset allocation, and risk exposure.
  • How to Use: Use this software to monitor your holdings, evaluate your portfolio’s performance against benchmarks, and make informed decisions to rebalance or adjust your investment strategy.

8. Market and Sector Analysis Tools

  • Description: These tools provide insights into market trends and sector performances, helping to identify which sectors or industries are leading or lagging.
  • How to Use: Analyze sector performance to find industries with strong momentum or potential for growth, guiding stock selection within those sectors.

Summary

Each of these tools plays a crucial role in the stock selection process, helping traders and investors make informed decisions based on technical, fundamental, and sentiment analysis. Combining insights from multiple tools can provide a comprehensive view of potential stock picks, aligning with one’s trading or investment strategy and risk tolerance.

What is a funded account for day trading?

A funded trader account, often provided by proprietary trading firms or funding companies, allows traders to access significant capital for trading without risking their own money. Here are the benefits, advantages, and disadvantages of using a funded trader account:

Benefits and Advantages

  1. Access to Large Capital: Traders get access to a substantial trading capital, allowing them to make larger trades and potentially earn higher profits than they could with their own funds.
  2. Risk Mitigation: Since the capital is provided by the firm, personal financial risk is significantly reduced. Traders don’t have to risk their own money, which can alleviate psychological pressure.
  3. Profit Sharing: Traders can earn a substantial income through profit-sharing arrangements with the funding company, often receiving a significant percentage of the profits they generate.
  4. No Liability for Losses: In most cases, traders are not financially liable for trading losses, as the risk is absorbed by the funding firm.
  5. Access to Advanced Tools and Resources: Funded accounts often come with access to professional trading platforms, tools, educational resources, and sometimes even mentoring from experienced traders.
  6. Ability to Trade Full-Time: With access to significant capital and resources, traders can potentially trade full-time, turning it into a professional career.
  7. Diversification Opportunities: Traders can diversify their trades across various instruments and markets, which can be difficult with limited personal capital.

Disadvantages

  1. Profit Sharing: While traders can earn from the profits, they also have to share a significant portion with the funding firm, which can be substantial.
  2. Strict Rules and Guidelines: Funded trading accounts come with strict trading rules, such as stop-loss limits, maximum drawdown, and trading strategy restrictions, which can limit a trader’s flexibility.
  3. Performance Pressure: The need to meet certain performance benchmarks to maintain the funding or achieve profit targets can create additional stress and pressure.
  4. Limited Control: Traders may have limited control over some aspects of the trading account, such as the trading platform, instruments, or times they can trade.
  5. Risk of Account Termination: If a trader fails to adhere to the firm’s rules or meet performance criteria, the account can be terminated, and they may lose the opportunity to trade with the funded capital.
  6. Dependency: Relying on a funded account can lead to dependency, potentially hindering the development of a trader’s own trading capital and long-term financial independence.
  7. Selection and Evaluation Process: Getting a funded account often requires passing through a rigorous selection and evaluation process, which can be challenging and time-consuming.

In conclusion, a funded trader account offers the opportunity to trade with more capital, reducing personal financial risk and providing access to professional resources. However, it comes with its own set of challenges, including profit sharing, strict operational guidelines, and performance pressure. Traders should carefully consider these factors and their own trading goals and strategies before entering into a funded trading arrangement.

Best Day Trading Books for funded accounts

Day Trading Industry Information:

Category Description
Estimated Number of Day Traders Global: Millions, with exact numbers varying by region.
U.S.: Hundreds of thousands, with a significant increase in numbers due to the rise of retail trading platforms.
Income of Top Performers Average Income: Can vary widely, with top performers earning upwards of $100,000 to several million dollars annually.
Percentile Earnings: Top 10% of day traders often make substantial incomes, while a large percentage may not be profitable.
Types of People Who Start Day Trading Retail Investors: Individuals looking to supplement their income or take control of their financial future.

Professional Traders: Those with a background in finance or trading who trade full-time.

Hobbyists: Individuals interested in the financial markets and trading as a part-time activity.

Retirees: People looking to generate extra income during retirement.

Students: Younger individuals or students interested in building wealth and learning about the markets.

-Side Hustles: Individuals looking to stack side hustles of making full-time money in part-time hours.

(MILLIONS looking for legit side hustles from home thanks to the current economy post-COVID based on census data)

Category Description
Unemployed Individuals – Number of people without jobs who are actively seeking employment.
Underemployed Individuals – Those working part-time who would prefer full-time employment, or those overqualified for their current role.
People with Side Hustles – Individuals employed full-time or part-time who also engage in supplementary income-generating activities from home.
Freelancers/Independent Contractors – Individuals who are self-employed or work on a project basis in various sectors.
Remote Workers – Full-time or part-time employees who work from home or another remote location.

Example Data (Hypothetical as of 2023)

  • Unemployed Individuals: 6 million (estimate based on U.S. population and labor force participation rate)
  • Underemployed Individuals: 5 million (estimate based on economic conditions and part-time labor force)
  • People with Side Hustles: 44 million (based on surveys and studies on gig economy and side employment trends)
  • Freelancers/Independent Contractors: 59 million (including those who freelance full-time or as a side job)
  • Remote Workers: 30% of the workforce (reflecting the increase in remote work trends post-pandemic)

Notes:

  • The actual numbers would vary based on the current economic conditions, labor market dynamics, and the impact of global events like the COVID-19 pandemic.
  • Regular updates and detailed labor market analyses would be necessary to provide accurate and timely data.

To get the most current and accurate statistics, one should refer to the latest reports from the U.S. Bureau of Labor Statistics or other authoritative sources on employment and labor market trends.

Additional Notes:

  • Income Variability: The income of day traders can be highly variable, depending on market conditions, the trader’s skill level, strategy, and capital. Look at reviews
  • Success Rate: It’s widely reported that a significant percentage of day traders lose money, with only a small percentage consistently profitable.
  • Capital Requirement: Successful day trading often requires substantial capital to manage risk and achieve significant profits.
  • Learning Curve: Many who start day trading are attracted by the potential for high returns, but there is a steep learning curve, and success requires dedication, education, and experience.

This chart provides a snapshot of the day trading landscape, highlighting the diversity of participants and the potential for high earnings among top performers, while also acknowledging the challenges and risks involved in this trading style.

Coupons:

Apex Trader Funding Coupon

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Disclaimer

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Categories
Human Resources Leadership Networking

Working in The Nexus Between Technology and Human Consciousness For Leaders by Harrison Klein

Working in The Nexus Between Technology and Human Consciousness For Leaders

By Harrison Klein 

 

In the ever-evolving landscape of technology, a fascinating intersection is emerging—the nexus between technology and human consciousness. With advancements in artificial intelligence, virtual reality, and neuroscience, we find ourselves on the cusp of a new era where our relationship with technology goes beyond mere utility. The cutting edge leader works in this intersection delving into its potential benefits, ethical considerations, and the transformative power it holds for humanity.

Since walking on the moon, advancements in technology have opened up new pathways for exploring and expanding human consciousness. For example Virtual reality (VR) technologies allows us to immerse ourselves in simulated environments, providing unique experiences and altering our perceptions. By merging cutting-edge neuroscience with technology, researchers have made strides in deciphering the mysteries of the mind. Brain-computer interfaces enable direct communication between the brain and external devices, leading to breakthroughs in assistive technologies for individuals with physical disabilities. These innovations not only enhance our understanding of consciousness but also offer practical applications that can creatively improve the lives of people worldwide.

With emerging technologies like AI, Neurolink, renewed Space and alternative energy exploration, deep brain scans and precision medicine,, technology has the potential to augment human cognitive abilities, leading to improved productivity and creativity. Machine learning algorithms can analyze vast amounts of data, helping us make informed decisions and solve complex problems. Personalized learning platforms leverage artificial intelligence to adapt educational content to individual needs, allowing for more efficient and effective learning experiences. Furthermore, brain enhancement technologies, such as transcranial magnetic stimulation offer possibilities for optimizing cognitive functions. By leveraging these tools, individuals can unlock their full potential, pushing the boundaries of human intellect.

The convergence of technology and human consciousness also raises profound ethical questions. Privacy concerns arise when brain data is collected and analyzed, challenging the boundaries of personal autonomy. Ensuring equitable access to these technologies becomes crucial, as the nexus could exacerbate existing social and economic disparities if left unchecked. Ethical guidelines and regulations must be established to address these concerns, promoting responsible and ethical development, deployment, and use of technology in this context. Transparency, informed consent, and safeguarding individual agency should be paramount.

Additionally, genius leaders like Steve Jobs and Elon Musk propose that the nexus between technology and human consciousness has the potential to bring about transformative changes that shape the future of all humanity. By understanding and leveraging the intricacies of human cognition, we can design technologies that enhance well-being, foster empathy, and cultivate a deeper understanding of ourselves and others. Virtual reality can be harnessed to create immersive experiences that promote empathy, facilitating a greater sense of connection and understanding among diverse groups. New techs even hold the promise for revolutionizing healthcare, enabling direct brain control of prosthetics and restoring mobility to those in need. Moreover, the fusion of technology and consciousness has the potential to elevate our collective intelligence, leading to innovative solutions for global challenges.

Working in the nexus between technology and human consciousness offers a vast frontier of possibilities. As we navigate this uncharted territory, it is essential to foster responsible development, prioritize ethical considerations, and ensure that the benefits are accessible to all. By embracing this convergence, we can shape a future where technology and consciousness harmoniously coexist, unlocking new horizons for human potential.

Catch The Vision 

Categories
Advice Leadership

The Badass Blueprint for Dominating as a Thought Leader in Business

Listen up, you wannabe industry influencers. In today’s cutthroat business world, being a thought leader isn’t just a nice-to-have – it’s a necessity. If you want to lead the pack, shape the conversation, and make your competitors eat your dust, you must establish yourself as your space’s go-to authority. Luckily, I’m here to drop some knowledge bombs and show you exactly how to do it.

Know Your Shit Inside and Out First things first, you have to know your industry better than anyone else. I’m talking about comprehensive market insights – the trends, the tech, the players, and everything. Dive deep into those industry reports, do your badass research, and analyze the competition like it’s your job (because it is). The more you know, the more ammo you’ve got to blow people’s minds with your genius insights.

Innovate or Die In the thought leadership game, innovation is king. You can’t just sit back and let change happen to you – you have to be the one driving it. Pioneer groundbreaking tech redefines the customer experience and flips the script on tired old business models. When you’re at the cutting edge, blazing new trails, people sit up and take notice.

Create Content That Kicks Ass Your big ideas ain’t worth jack if you don’t get them out there. You need a full-fledged content machine pumping out blogs, whitepapers, podcasts, and videos. But here’s the key: your content’s gotta be top-shelf. Insightful, engaging, tackling your audience’s biggest pain points and wildest dreams. Become their guru, their lighthouse in the dark, and they’ll return for more.

Flex That Street Cred: Do you know what makes people trust what you’re laying down? Proof. Cold, hard, social proof. We’re talking testimonials, case studies, and success stories that show you walk the walk. Sprinkle that credibility fairy dust on everything you put out there and watch your influence skyrocket.

Master the Message Now for the secret sauce – how you communicate your thought leader’s wisdom. It’s all about storytelling, painting vivid pictures of the mountains you’ve climbed and the dragons you’ve slain to get to where you are. Make it personal, make it emotional, make it unforgettable.

Be Everywhere, Be Consistent. The more places you can spread your gospel, the better. Hit up every social channel, every conference stage, and every podcast that’ll have you. And once you’re out there, don’t let up. Consistency is a clutch for keeping your audience hooked and your brand on your mind. Just keep it 100% authentic – no one likes a phony.

Make It Part of the Plan Here’s the deal – thought leadership isn’t some standalone vanity project. It should be baked right into your overall business strategy. Every piece of industry-shaking wisdom should be in lockstep with your company’s big-picture goals. When you kill it as a thought leader, brand awareness, customer loyalty, and revenue get boosted.

Keep Your Eye on the Prize At the end of the day, thought leadership isn’t just about hearing yourself talk (shocking, I know). It’s about making a real dent in your industry and audience’s lives. So stay laser-focused on the metrics that matter – the engagement, the influence, the bottom line impact. That’s how you’ll know you’re on the right track.

Listen, this thought leadership thing isn’t for the faint of heart. It takes guts, grit, and a whole lot of hustle. But if you commit to knowing your domain better than anyone, relentlessly pushing boundaries, and spreading your ideas like wildfire, you’ll be the name on everyone’s lips. You’ll set the agenda and leave the competition in the dust. So strap in, step up, and show your industry who’s boss. It’s time to claim your throne as the undisputed thought leader in your realm.