Today's Black Executive May 2020 Issue

THE NEW NORMAL “WORKING FROM HOME”

“EFFECTIVE” TIME MANAGEMENT

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Is Day Trading Profitable?

Finance Articles | Is day trading profitable ? It depends on 4 crucial factors. It list 4 crucial factors, start up capital, technique and skill, experience and control over emotions and mental makeup.

To answer this question, is day trading profitable ? I will first establish a few points as the foundation. Whether day trading is profitable depends on 4 areas. Only when we are have mastered these 4 areas, then day trading can be very profitable.

These 4 Areas Are 1. Start Up Capital You need a certain level of start up capital to make money from day trading. Depending on the instrument that you are trading, the margin required may be from 2% for forex, to 20% for commodities. Due to the leverage nature of trading, you do not need to put up the full value of the contract.

For starters, even for a small trading account, you would still need to fund about $10,000.

2. Technique And Skill Another important factor that will determine whether you are profitable with day trading is your level of skills in the techniques being applied. There are many techniques that day traders use to determine entry points, take profit and stop loss levels.

This ranges from reversion to the mean strategy to moving averages spring strategy and many others more. Moreover, different strategies makes use of a range of technical indicators which you would have to master.

We make money from day trading primarily by exploiting 2 concepts. One is the idea of trading in the trend whilst the other is trend reversals. All of the strategies and technical indicators is to help to decide on playing on either one or the other.

3. Experience Another crucial factor that determines how profitable day trading can be is the experience of the trader. A day trader has to be nimble to be profitable. The mantra is to get in fast, get out faster.

This takes experience to exploit trend and short term trend reversals within the longer term trend. This is especially true during times of great volatility surrounding major events and announcements.

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Is Day Trading Profitable? Continued‌ Finance Articles |

Day traders can trade anywhere from 1-2 minutes charts, up to 30 minutes chart. As the time duration is short, the price movement tends to be smaller in magnitude and therefore the size of your position relative to your account capital is crucial in determining your profitability and risk management. All these take experience.

4. Control Of Emotions And Mental Strength One of the most important factors to determine whether you can make good profits from day trading has more to do with your emotions and mental strength rather than anything else.

Day traders cannot let their emotions get the better of them or they will lose a lot of money. To profit from day trading, traders have to keep their emotions in check. When we got it wrong and our position is taken out by the stop loss, we have to continue and set up new trades.

When we have mastered the techniques and strategies and based on our experience, we must be confident that our winning calls to outnumber our losing calls. Another way to ensure that our wins will be bigger than our losses is risk reward ratio that we set for each trade which is usually 1:2. This means that when we win, we win double our losing trades.

Mental strength is very important in that we must have the mental strength to stick to set up trades based on what is identified. Many times, we tend to end up having more losing trades when we lose this discipline, get overcome by emotions and set up trades that should never have been set up.

Is Day Trading Profitable ?

Once you have control of the 4 factors, day trading can be extremely profitable. For the same amount of startup capital, there can be many trading opportunities over the day.

With such velocity, as long as we have a risk reward ratio of 1:2 and executes a higher number of winning trades over losing trades Health Fitness Articles, the profit potential is huge

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Logistics Network in the COVID-19 Pandemic by Amazon

By Brian Fang

Amazon is still at its feet, open for everyone. It's amazing to think about how these business giants like Amazon keep up with their business now that the world's economy is in haywire. Let’s see some of the measures Amazon is currently observing to maintain the optimum performance of its logistics network.

In the midst of this global pandemic, Amazon is still at its feet, open for everyone. It's amazing to think about how these business giants like Amazon keep up with their business now that the world's economy is in haywire. So, how is Amazon's logistics coping up at this time?

Let's take a sneak peek into what measures Amazon is currently observing to maintain the optimum performance of its logistics network.

1) What Is Amazon Doing For Their Employees Within The Logistics Network?

The logistics network wouldn't be mobilized without the presence of employees on the ground. So, the topmost priority of Amazon, for now, is its employees' health and safety. To support this endeavor, Amazon made over 150 process updates in its systems to protect the employees. Some of these updates are social distancing, enhanced cleaning measures, disinfectant fogging, and so on.

Amazon also delivered protective gear to its employees and did regular temperature checks on the members of its operations across the globe.

Instead of cutting jobs, Amazon added 100,000 jobs to add to job opportunities while meeting the increasing demands of clients.

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Logistics Network in the COVID-19 Pandemic by Amazon continued‌

By Brian Fang As per pay, Amazon added the following amounts to its hourly waged employees: 2$ hourly in the U.S, C2$ hourly in Canada, and â‚Ź2 hourly in the EU. Amazon also doubled the hourly pay of overtime and credited extra leave days with pay on employees struck with COVID-19.

Amazon also gathered a relief fund of $25 million to be given to the company's seasonal associates, delivery drivers, and the likes who are having financial constraints now.

2) What Is Amazon Doing To Help Their Clients At This Time?

Amazon isn't just concerned with the state of its employees. Amazon also did some things to ease the quarantine condition of its customers. One of the things Amazon did to improve its customer's living conditions is to maximize the delivery services of groceries.

In addition to that, Amazon's whole food stores are subjected to a regular, thorough cleaning and have designated a certain period to cater to senior citizens of 60+ years old only.

Amazon did a great idea of creating an "unattended delivery" for those customers who prefer to have their purchases left outside their houses and not to have any contact with the delivery workers.

Amazon prioritized goods and tools that are tagged as "essential" during this crisis.

Examples of these products are medical supplies, protective gear, food, and the like.

As per price gouging, Amazon installed systems to prevent such things from happening, ensuring fair price, and preventing abuse of opportunity. Also, Amazon widened its leeway in "returned goods."

3) What Is Amazon Doing For The World?

Below are some of the significant efforts of Amazon in helping COVID-19-struck communities in the world:

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Logistics Network in the COVID-19 Pandemic by Amazon continued…

By Brian Fang • • • • • •

Amazon launched a $20 million AWS Diagnostic Initiative in an effort to fasten the research on the COVID-19 vaccine.

Europe received €21 million to be utilized by those families most affected.

Amazon CEO Jeff Bezos personally donated $100 million to Feeding America.

A grant fund amounting to $5 million will be used to support small businesses in Seattle.

AWS and Amazon Future Engineer support virtual classrooms with no-cost resources.

Amazon donated more than 8Health Fitness Articles,200 laptops to the public schools of Seattle to be donated to students who don't have a device to support a virtual type of classroom learning.

Continue checking on the Amazon website to know the latest efforts of Amazon in helping those victimized by the COVID-19 pandemic.

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“2020 ROYAL SPRING COLLECTION”

The Changing Nature of Jobs and Careers

By Prof. Chandra Kant How career and jobs are evolving in India and across the globe and how to deal with this new disruptive change happening in the global economy. Why the idea of permanent employment wouldn’t hold true in the future.

In our parents’ time, joining the public sector ensured job security and perpetual employment (till retirement). Most of our parent’s generation stuck to one company throughout their working life. The economy was stable, and upheavals were rare and contained.

During my time, doing MBA from one of the leading Business Schools in India and then getting into a multinational was the rage and we would stick with a company for a minimum of 3 years, and changed jobs maybe 6-10 times in a career spanning 40 years. During the mid life crisis, we would contemplate an alternate career maybe in the social sector or the entrepreneur bug would bite us. The economic upheavals were more frequent, and the impact could create job deficits and layoffs.

However, most organizations still believed in 3-5 year plans. We could also sense the trends and change our profile accordingly to remain employed.

In the next generation of employees, the economic upheavals will be more frequent and the impact on the jobs would be more severe.

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Organizations cannot come up with a strategy beyond a year, as the trend cannot be predicted, due to disruptions of technology and the economy as well as ‘black swans’ Companies will therefore start projects in marketing, sales and production and then shut them down if the expected results do not come through or if there is a cash crunch Companies will outsource most of the humdrum activities like payroll, administration, even some aspects of sales and production, if these activities do not have any competitive advantage or are commoditized with no value-add There will be more inorganic growth by mergers and acquisitions Companies need to have flexibility in size and operations. This means that the workforce will always have a mix of permanent employees and consultants TODAY'S BLACK EXECUTIVE

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The Changing Nature of Jobs and Careers continued…

By Prof. Chandra Kant We will therefore sometimes be unemployed and sometimes work as a consultant.

Reality is that no company can guarantee permanent employment nor are they compelled to. If the market is down and the supply of MBAs is large, we have to accept what is given, else our pride will keep us unemployed.

This creates psychological issues, as our beliefs are governed by our parents’ beliefs – that permanent employment is good. There is a stigma attached to temporary jobs or being a consultant.

We have to accept that we may not get permanent employment. Acceptance is important and allows us to move on.

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Invest in government backed investments like Public Provident Fund for long term capital creation Create and keep a stash equal to one year’s salary as an emergency fund In our CV, focus on what we know, learnt and achieved, not what designations we held Be ready to change jobs and locations, leaving the family behind Invest in skills that can provide additional employment including transferable skills Create and use skills that can keep you self-employed (be it music, teaching or something…) and keep the home fires burning, children’s education taken care of Be mentally prepared to move sideways Find Article, not necessarily upwards Build and maintain your network

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