Thousands of day traders earning a living from arbitrage opportunities in Indian stock markets may become extinct in the next few years, thanks to the accelerating interest in algorithmic trading.
In electronic financial markets, algorithmic trading or automated trading, also known as algo trading, black-box trading or robo trading, is the use of computer programs for entering trading orders with the computer algorithm deciding on aspects of the order such as the timing, price, or quantity of the order, or in many cases initiating the order without human intervention. There could be thousands of codes written to buy or sell a security, currency or commodity at a particular level when one or more factors emerge.
Algorithmic Trading is widely used by pension funds, mutual funds, and other buy side (investor driven) institutional traders, to divide large trades into several smaller trades in order to manage market impact, and risk. These programs are so fast that people, who look at various developments and decide trade, would be left behind because a machine has done it in milliseconds.
Algorithmic trading may be used in any investment strategy, including market making, inter-market spreading, arbitrage, or pure speculation (including trend following). The investment decision and implementation may be augmented at any stage with algorithmic support or may operate completely automatically (”on auto-pilot”).
Example of Algorithmic Trading: A program could be to sell the stock fortunes of a particular company and buy the stock, if the fortune price is x% higher than the stock price. Also, it could be to compare a set of variables – if rupee is more than 45 to the dollar and crude oil is less than $60 per barrel, then software would sell Infosys futures and buy HPCL shares.
In 2006 at the London Stock Exchange, over 40% of all orders were entered by algo traders, with 60% predicted for 2007. National Stock Exchange (NSE) has approved applications of about 200 of its members to trade using algorithms.
Reference: http://economictimes.indiatimes.com/markets/stocks/market-news/Algorithms-may-push-day-traders-to-the-brink/articleshow/5438544.cms
“You are what you repeatedly do.” Attributed to Aristotle
Rethink the cool. (Shoe ad)
“One day Sally meets a quiet nervous boy named Johnny. He says that he needs new shoes. Sally shows him her pair of Xspot sneakers, on which she’s painted a bunch of neon pink skulls. Johnny thinks she looks pretty wicked in them. He likes that her shoes look like they’re really hers, like she’s been wearing them for a thousand years. Like the shoes weren’t cool until she mad them cool.
That sounds nice, he decides.”
Moral: girl makes shoes cool. They were not cool because they were a big brand name with some celebrity getting a billion dollars to say they are cool.
Gent makes MLM cool (business ad)
In a recent recruiting class, I showed folks how to create “Wanted Posters” for their potential recruits. Using different appeals, they started with who they were. Goal: attract like souls.
Anyway, one gent reported that he just created a short “wanted poster” in a local classifieds source, asking for a yoga lover who wanted to add to her income so she could do more yoga…like, ahem, the writer.
On the short Word Press page this gent created he told how he was a yogi, how he loved practicing and going to the teachings. But with his full time job, he didn’t have the time to do the love of his life – yoga and meditation practice.
He showed pictures of himself taking teachings from Tibetan Buddhist masters. Very touching and effective.
He also had a link to his family “store.” That, he said, was his way of building up some income so he could practice and meditate more.
I showed this page to several folks. And their reaction, each one, was: Wow I’d want to look into whatever he is doing – because HE is doing it.
His story had nothing to do with getting big money or buying the mansion or other signs of worldly success. It told how he was doing this (business) thing to give him more time to do the thing he loved most – meditation and yoga.
MLM made cool – by a person who learned to tell his why story. And it was not about the money first. (The recruiting class last month was an advanced version of Art of Recruiting.)
NOTE. On his first day running the short wanted poster ad, he wrote me that he’d already gotten a dozen responses to his ad. All yoga teachers with a business of their own. They were attracted because of who HE was. Because of what his values were. WAY MORE than the money.
“Make Money” as a lead pitch is losing more and more appeal for genuine people with a different order of values. Plus it’s much harder to earn money if that’s the only reason you’re doing something.
The pursuit of ever more money has ruined the quality of so many things. Take food. Shelf life, cheap, and crave-ability is now way more important to big food brands than nutritious food. Look around to see the fatafat results. Are those the values you want to support with your dollars?
So consider advertising for business partners by leading with your values first. Then your question will be:
How will YOU make MLM cool with your wanted poster and your why story?
Social media marketing or social network marketing is a term that describes use of social networks, online communities, blogs, wikis or any other online collaborative media for marketing, sales, public relations and customer service. Common social media marketing tools include Twitter, blogs, LinkedIn, Facebook, Flickr and YouTube.
Most successful internet marketers today are using social network marketing as an effective way to prospect and promote. Social networking sites are a hot topic for marketers, as they present a number of opportunities for interacting with customers, including via plug-in applications, groups, and fan pages. Many sites include features where companies can create profiles. For example, on Facebook companies can create “pages” where users can become fans of this company, product, service, individual, etc.
The success in social network marketing comes from successfully targeting and offering the right product to the right market.
You do not want to enter social networking for the sole purpose of selling. Your goal with social network is to develop a brand for yourself. You do this by attraction marketing. The more you share your wealth of knowledge the more you will become known as an expert in your field.
Facebook seems to be the leading social media outlet for businesses by having pages from different companies such as Dots, New York and Company. Twitter comes in 2nd place and Myspace comes in 3rd place.
Social Networks are a valuable meeting place and should always be used to provide value and to build your personal or business brand and following. Social Networks can be a great place to build visibility and awareness and this is important because as consumers we are driven to trust familiarity and repetition.
During some serious health challenges of the last two years when I could not work, sometimes for months at a time, to the point of almost having to walk with a cane, my income never stopped! Thank God for Network Marketing and residual income.
It all happened from working really hard those first 3 to 5 years to develop a solid full time career income and because I never gave up when the going got tough!
Here’s a funny little experience I had recently ….
About three months ago I got some wild hair up my butt and decided to look for a JOB! haha!
I know I know!! I must have been out of my fricken mind man!
Think I must have been going stir crazy after being laid up for so long at home, moving to a new house way out by the lake with no friends so thought heck maybe I’ll look for a SALES commissionable job where I can be out in the public networking and make some connections.
Well I found this sales job on Craigs List and then had to write up a resume.
Have not been on a JOB interview or had a JOB as an employee in over 17 years, what am I going to put on that dang resume!!!
Well, I did put together a resume highlighting all my experience of the last seventeen years and guess what it was all about?
YEP MLM, leadership experience and all the income for the last twelve years developed in this profession!
Soon as I dropped it off in person to the receptionist 10 minutes later my cell phone rings and it’s the lady manager calling me for an interview! LOL!
I thought dang, I’m pretty good at writing a resume! Haha!
Then I thought utt—ohh now I gotta really go on this interview! What do I wear?!! I thought oh well how hard can it be? I’m a networker right?!
When I got in there, it was like being a fish out of water!
All I could invision sitting there in the HOT seat during this interview was a ball and chain going around my legs, both of them! This lady was very controlling and dominating and she made that very clear that SHE was the boss! Ohhh nooo this was definitely not my cup of tea! Talk about being out of your comfort zone!
Oh I was my usual smooth outgoing networking self all right. She didn’t seem to like that though that I was in control of my life. So what in the world was I doing sitting in there like an employee waiting to be told when to jump and how high!
Suffice it to say I could not wait to get out of that office and thought thank GOD for my MLM business as I RAN out of there with my hair on FIRE!!! I don’t need this BS! I’ve got a great business! What the heck was I thinking???!!!!
Ok so it was a great lesson letting me know how good I have it! Sometimes we have to go on the other side to realize what we have don’t we?! So I got knocked off the horse for awhile, so what big deal, just get back on and ride baby ride to the end! It ain’t over till God says it’s over!
So I decided right then and there girl you’re gonna get busy again building your home business and build it bigger and better than before! No JOB for me baby!
Rarring To Build It BIG Together in 2010!
Sue
–
Decide To Believe!
Sue
Sue Seward
Entrepreneur
<A href="http://www.ecommercehomebiz.com"
>http://www.ecommercehomebiz.com
512-382-5109 Hm/Off
979-248-1020 Mobile
“You Can Have Anything You Want When You Help Enough Other People Get What They Want!” Zig Ziglar
Making calls to prospects is not easy, and getting anyone to call back or remember you is even harder. Here’s a wonderful trick. Obvious. But never done. Just doing it right will make others remember you.
Arielle Ford, an extremely successful publicist for authors like Deepak Chopra (see here) and wannabe authors, wrote recently that the way she gets people to like her is not to be “predatory.” Instead, she says,
“When you go after them, when you start talking to them for the first time, do it from a point of view of, What can I do for you? What do you need today?
“When you’re in public relations and you’re picking up the phone and you’re smiling and dialing and calling the media, of course I would pitch my clients, but I would never get off the phone before asking the media person, “Well, tell me what else you’re working on. What are you on a deadline on? What’s the one thing that you need right now that you don’t have?”
“And if I can find a way to help them, to make their life a little easier, then I’ve made a friend for life.”
Amen.
When you’re smiling and dialing, what if you asked the other person if there was something (besides them buying your product) that you could do to make their life easier or better today?
Wouldn’t they be surprised? Here’s one way.
Ms. Ford relates how one time, early in her public relations career, she was called by the manager of another big client, and before they hung up, he’d always ask her:
“Arielle, how are you today?” And she’d say, ‘Fine.’
But then he’d say to her: “No, no no no – how are you really?”
She relates, “Wow, this guy really cares about me! What if I were like that with other people?”
And that’s what she’s been doing ever since. Her question at the end of her phone conversations is a version of,
What can I do for you to make your day better?
Pretty weird in today’s rushed world. You showed you cared. And that’s why it works.
P.S. This is a question you can add before you hang up when you’re making your own calls.
P.P.S. Thanks to Bob Serling for Arielle’s story
One hour per day, five days a week, can result in an excellent harvest. If you know how to spend those hours.
Take any activity you’re thinking of doing. Run it through the test below. Then you’ll know whether to do it or not and just what to expect if you do.
“For every action you must know the result that is expected to follow, the means thereto and the capacity for it.” M.K. Gandhi (Won independence from Britain for India’s one billion people without ever holding office or owning anything – not even his home. This rule is how he got so much done.)
The words that matter are:
- action
- know the result that is expected
- the means thereto
- the capacity for it
Here’s an example.
Talking to people. Not just ANY talking, but purpose-driven and short as it relates to your business. Here’s what I taught a group this week. I used my own stuff, of course, and you’re welcome to use your own if it’s working for you.
Action: Talking to people. Use one-liners with 10 people per day. The last line is a special question that should be used exactly. (Tonight, the number one producer of an established company told his group (of 120,000) that he used these very lines to build a business that earns him $20,000/week now. I was on the call and heard it myself. (!)
He learned it from the Mini script kit here. The maxi (newer and bigger) is what his group has gotten now so they can learn it too.
Result that is expected to follow: You have now planted 10 seeds (or as many as you connected with). 10 folks will know that you are expanding your business and who you are looking for. 10 people are now on the alert.
Means thereto (how the action will be done): You must somehow find 10 people per day to talk to, however you do that. One hour per day should be enough if you use the little scripts. Best if they’re local to you. Best of all – folks you know or referrals. (You will NOT be asking them to join or buy, so not to worry!)
Capacity for it: Do you have the personality and the will to contact 10 people in your hour per day? And can you stand it if most don’t know anyone? Can you deal with knowing that you are seeding, and not yet harvesting anything?
Go ahead and test all your activities with this metric and see what happens. Which you dump, which you do…fun!
Tell you what. I can help you if you need help doing this. It’s not instant, but easily learnable.
For the next 20 folks who get either the mini or maxi script kit (CD and orange book combo, MP3 version counts, too), I will conduct a short tele-class, on the house, to show you how to do this. So you can have your 7 second purpose-driven script, customized to you, also. Let the seeding begin.
You can test ANY activity against this metric, no matter what you are trying to accomplish.
P.S. When you get the script kit, email me here so we can get our group of 20. I’ll set up the tele-class. No charge for the 20. What if it works for you like, well, like it has for some other people?
One hour per day, five days a week, can result in an excellent harvest. If you know how to spend those hours.
Take any activity you’re thinking of doing. Run it through the test below. Then you’ll know whether to do it or not and just what to expect if you do.
“For every action you must know the result that is expected to follow, the means thereto and the capacity for it.” M.K. Gandhi (Won independence from Britain for India’s one billion people without ever holding office or owning anything – not even his home. This rule is how he got so much done.)
The words that matter are:
- action
- know the result that is expected
- the means thereto
- the capacity for it
Here’s an example.
Talking to people. Not just ANY talking, but purpose-driven and short as it relates to your business. Here’s what I taught a group this week. I used my own stuff, of course, and you’re welcome to use your own if it’s working for you.
Action: Talking to people. Use one-liners with 10 people per day. The last line is a special question that should be used exactly. (Tonight, the number one producer of an established company told his group (of 120,000) that he used these very lines to build a business that earns him $20,000/week now. I was on the call and heard it myself. (!)
He learned it from the Mini script kit here. The maxi (newer and bigger) is what his group has gotten now so they can learn it too.
Result that is expected to follow: You have now planted 10 seeds (or as many as you connected with). 10 folks will know that you are expanding your business and who you are looking for. 10 people are now on the alert.
Means thereto (how the action will be done): You must somehow find 10 people per day to talk to, however you do that. One hour per day should be enough if you use the little scripts. Best if they’re local to you. Best of all – folks you know or referrals. (You will NOT be asking them to join or buy, so not to worry!)
Capacity for it: Do you have the personality and the will to contact 10 people in your hour per day? And can you stand it if most don’t know anyone? Can you deal with knowing that you are seeding, and not yet harvesting anything?
Go ahead and test all your activities with this metric and see what happens. Which you dump, which you do…fun!
Tell you what. I can help you if you need help doing this. It’s not instant, but easily learnable.
For the next 20 folks who get either the mini or maxi script kit (CD and orange book combo, MP3 version counts, too), I will conduct a short tele-class, on the house, to show you how to do this. So you can have your 7 second purpose-driven script, customized to you, also. Let the seeding begin.
You can test ANY activity against this metric, no matter what you are trying to accomplish.
P.S. When you get the script kit, email me here so we can get our group of 20. I’ll set up the tele-class. No charge for the 20. What if it works for you like, well, like it has for some other people?
One hour per day can result in an excellent harvest. If you know how to seed the earth.
Take any activity you’re thinking of doing. Run it through the test below. Then you’ll know whether to do it or not and just what to expect if you do.
“For every action you must know the result that is expected to follow, the means thereto and the capacity for it.” M.K. Gandhi (Won independence from Britain for India’s one billion people without ever holding office or owning anything – not even his home. This rule is how he got so much done.)
The words that matter are:
- action
- know the result that is expected
- the means thereto
- the capacity for it
Here’s an example.
Talking to people. Not just ANY talking, but purpose-driven and short as it relates to your business. Here’s what I taught a group this week. I used my own stuff, of course, and you’re welcome to use your own if it’s working for you.
Action: Talking to people. Use one-liners with 10 people per day. The last line is a special question that should be used exactly. (Tonight, the number one producer of an established company told his group (of 120,000) that he used these very lines to build a business that earns him $20,000/week now. I was on the call and heard it myself. (!)
He learned it from the Mini script kit here. The maxi (newer and bigger) is what his group has gotten now so they can learn it too.
Result that is expected to follow: You have now planted 10 seeds (or as many as you connected with). 10 folks will know that you are expanding your business and who you are looking for. 10 people are now on the alert.
Means thereto (how the action will be done): You must somehow find 10 people per day to talk to, however you do that. One hour per day should be enough if you use the little scripts. Best if they’re local to you. Best of all – folks you know or referrals. (You will NOT be asking them to join or buy, so not to worry!)
Capacity for it: Do you have the personality and the will to contact 10 people in your hour per day? And can you stand it if most don’t know anyone? Can you deal with knowing that you are seeding, and not yet harvesting anything?
Go ahead and test all your activities with this metric and see what happens. Which you dump, which you do…fun!
Tell you what. I can help you if you need help doing this. It’s not instant, but easily learnable.
For the next 20 folks who get either the mini or maxi script kit (CD and orange book combo, MP3 version counts, too), I will conduct a short tele-class, on the house, to show you how to do this. So you can have your 7 second purpose-driven script, customized to you, also. Let the seeding begin.
You can test ANY activity against this metric, no matter what you are trying to accomplish.
P.S. When you get the script kit, email me here so we can get our group of 20. I’ll set up the tele-class. No charge for the 20. What if it works for you like, well, like it has for some other people?
Has the ‘you can have it all’ culture collapsed?
Marketers have done a masterful job these past 50 years with the you can have it all mantra. How many of you, like me, bought stuff – marketing stuff, toys, baubles – because you could? And then never used it?
Just today, one 73-year old retired nurse from Texas told how she cut back on shopping after a recent mission trip to Nicaragua. That trip, according to the New York Times,
“made me realize that ‘we don’t need half of what we’ve got.’ Over the past few months, Ms. Koricanek has started purging her closets and baking bread from scratch, partly because it tastes better, she said, partly to become more independent.”
She adds,
“People years ago were more self-reliant and were more able to take hold of the reins and do things themselves. I think we need to get back some of those basics.” See here. And here, PDF in case.
The relentless promotion of the you can have it all culture is driven by marketers and advertisers. That’s how they get us to buy their stuff, whether we need it or not. They excel at getting us to buy MORE than we need. It’s why one 25-year old investment banker “studied how stores organize displays to make people buy more than they need.”
“That awareness has saved me a lot of money,” she said. “Now I am having fun working on projects around my house, even if it is just pulling weeds or taking my dog, Amos, for a long walk.”
Slick marketers. Arousers of desire and craving. For much more than we need. They hold up others ‘just like us’ who already (seem to) ‘have it all.’ Why not you, they ask? (Just buy this…)
Over two thousand years ago, Seneca described how vulnerable we humans are to this:
“Much harm is done by a single case of indulgence or greed: the familiar friend, if he be luxurious, weakens and softens us imperceptibly; the neighbor, if he be rich, rouses our covetousness; the companion, if he be slanderous, rubs off some of his rust upon us, even though we be spotless and sincere. What do you think the effect will be on character, when the world at large assaults it!”
At the time of Christ when Seneca lived, advertising had not yet become the dominating force of human culture. You can have it all marketing has been, in the US at least, the national mantra.
And it’s worked. We’ve all bought into the dream. A very few ‘have it all’, yes. But most of us have become enslaved for the rest of our lives – to pay for what we bought as we fell for the you can have it all sales pitch. Remember the “I’m worth it” campaign? Kaa-ching!
But do you really need it all? Do you really need their thing to feel self worth? Anyway, the New York Times reported this today:
Given the recession that seems to be growing (one in eight people in the USA are on Food Stamps! PDF in case), most folks are withdrawing from the buying habit that once seemed so fun. Even teenagers are learning to cut back, do with less and learn value. They’re doing stuff – hobbies and hiking – instead of buying, to get their enjoyment. See here. (PDF here in case)
So what does this all have to do with us as marketers?
1. As a consumer, whether money is tight or not, I have learned a new mantra:
“I don’t need it all.”
Helps me stay in control when the you can have it all marketers entice me with their latest, greatest thing that’s ‘bound’ to make me rich or you-name-it.
2. As a marketer, I want to make a living, and a good one. That desire is tied to making other people’s lives better – by filling a real need. Not by using cheap arousal tricks (it’s easy, this guy made $550/day in 12 days, you can too, etc.) but to fill a real need. And to state clearly what needs to be done by the person to help fill their need with my product or service. (Example next post.)
I like the idea of a parallel culture whose mantra is “I don’t need it all.” You?
And to keep myself committed to that ideal – so different from the dominant culture around us – Seneca counsels:
“Withdraw into yourself, as far as you can. Associate with those who will make a better person of you. Welcome those whom you yourself can improve.”
I hope some of you will join me in this personal transformation.
Your take?
P.S. “Withdraw into yourself” doesn’t mean you don’t participate in the culture. It means, you go inside to recall and strengthen your resolve to live your own values, before you go out into the dominant culture.
