Digital Marketing

Million dollar traders

There is a great program on British television: Million Dollar Traders. There are two very important lessons that every trader needs to understand, which have been perfectly illustrated in this documentary, and I want to discuss them here. Any trader who does not understand these lessons is doomed to fail, just as many of the traders on the show are failing.

Before we go any further, here’s a quick recap of the show for anyone who hasn’t seen it. City of London trader and hedge fund manager Lex Van Damn (big name!) decided to set up an experiment to see if he could teach someone to trade. He interviewed hundreds of applicants and finally selected 8 people. The ones he chose came from all sorts of backgrounds: there’s an environmentalist who wants to test and trade only ethical stocks: a soldier, a boxing promoter, an entrepreneur, a retired IT consultant, a vet, a student, and a trader.

Some of these people are better educated than others, which is important because it ties directly into one of the lessons that this show has so beautifully illustrated, which I’ll get to in a moment.

The ex-vet (I’m talking about an animal doctor here, not the army vet type!) is highly educated and comes from a wealthy family. The retired computer scientist spent 40 years working as a computer programmer at IBM. The merchant studied at university before joining the family business.

At the other end of the scale, we have the fight promoter who does not have such a privileged upbringing. The soldier and the environmentalist have an average education as far as I know, and the student is obviously still studying.

Van Dam and his team of traders gave two weeks of intensive training to the eight who were selected. They covered all the bases, including fundamental analysis, technical analysis, trading psychology, and all the practicalities like how to work with your Bloomberg terminals and place trades.

After that, they went straight to their own trading floor for six weeks of live trading, with real cash. Quite a bit, actually: a hard-earned million dollars by Lex Van Dam.

In the first program we saw highlights of this training and the first week of trading. As you can probably imagine, their first week was pretty traumatic and they were all over the place. By the end of the first day, only one of them had made a transaction. By the end of the week, they had all done it, but they had all lost money.

In the next episode, we watched them trade for another two weeks. And this is where it gets really interesting, because we’re starting to see who gets it and who doesn’t. Depending on your own trading experience, you may be surprised at the results so far…

Well, here is the first lesson: success in trading has very little to do with intelligence and everything to do with personality.

Before I continue, let me make a disclaimer. What constitutes intelligence is something that is often debated. Is a high IQ intelligence? What about the creative types? For our purposes here, I’m going to accept the popular conception that intelligence is a reasonably high IQ and a good education.

On that basis, we would expect the college-educated computer programmer, vet, and tradesman to do well. The soldier and the promoter of the fight should find it more difficult.

And yet it was the exact opposite. In fact, Simon the computer programmer (remember, he worked as a consultant for IBM for 40 years) ended up quitting halfway through the experiment. He just couldn’t do it. It didn’t follow his personality. He said, and I quote him to the best of my recollection:
“This is the second most stressful thing I’ve ever done in my life, after my divorce.” He was a mess. His results were so bad that he was losing the team more than the winning traders were making, combined!

Why would someone apparently intelligent, well educated and used to working with numbers have such a hard time trading? Well, he said it himself best:
“I’m used to writing computer programs. Once they’re written, they either work or they don’t work. If they work, they keep working forever. If they don’t, then you find the bugs, fix them, and then the program works and keeps working forever.” always. With this, I keep doing the same thing but getting different results. Why? Because there are humans involved.”

I couldn’t have put it better myself. Despite the thousands of “trading shows” that take place every day, trading is essentially a human activity, driven by emotion. And boy, have we seen some excitement in this show. Cleo, the former vet, has spent 3 weeks sitting in front of her operating screen and has barely done a single operation: she is paralyzed with fear. She hasn’t had a big loss, but she hasn’t made a profit either, she can’t, she won’t trade! Another of the traders whoops with joy every time one of his trades progresses. Both are totally controlled by their emotions.

But let’s go back to what Simon the IT guy said. He is trying to apply rules to trading, in the same way that his computer programs are essentially just sets of rules. He can’t cope with the fact that doing the same thing over and over again doesn’t always produce the same results.

This is the second big lesson that Million Dollar Traders expounds: trading is not about rules, it’s about principles.

What is the difference? Hollywood screenwriting legend Robert McKee puts it brilliantly:

“A rule says ‘You have to do it this way.’ A director says ‘This works…and has all the time remembered.’ The difference is crucial.”

Paraphrasing what he goes on to say:

“Eager and inexperienced traders obey the rules… Artists master the form.”

Trading is more art than science. Hard rules cannot be applied. If that worked, we would all set up automatic trading programs, everything would be automated, and the market would just stop working because no one would have an advantage anymore.

Instead, we must learn the principles of what makes prices move. Understand the humans who make decisions. Understand emotions and responses to prices on a screen. And have a set of guiding principles that guide us in our business decisions in any given circumstance.

Understanding the principles and being able to apply them in any situation is far more valuable than blindly following a set of rules.

And that’s why the computer failed. He has spent his entire working life following rules. Put it in front of a graph and it will still apply the rules.

The vet, on the other hand, was simply a slave to his emotions. She was completely controlled by her fear. The worst thing is that she knew it! Her screen was covered in post-it notes telling her “you can’t win if you’re not negotiating” and “just pull the trigger!” etc. But despite knowing what she should do, she didn’t really dare to do it. Her upbringing, her privileged background, and her apparent intelligence were worthless to her.

And then we had the winners. By far the most successful trader so far is single mother Caroline, the businesswoman. Her experience creating her own business and overcoming all the obstacles and difficulties that come with it (not to mention the difficulties of being a single mother of twins), prepared her very well for the trading floor. While those around here were jumping for joy at making a small profit or crying into her coffee cup after suffering a loss, the entrepreneur calmly watched her charts, completely emotionally disconnected from the market.

With ruthless precision, he was cutting back on his losing trades, as I imagine he could lay off underperforming employees. He greeted his winners with the same total lack of emotion as his losers. When Lex Van Dam called her into her office to congratulate her on being “…the best trader on the floor,” her response spoke volumes:

“I’m just the best at this point,” she said. “All my trades could turn against me this afternoon and then I’ll be the worst.”

As Lex correctly answered:
“That’s why you’re the best, because you understand it.”

The soldier has also done quite well. His training has prepared him to examine situations, think through possible options, and then choose his action carefully, based on a set of guiding principles. Certainly the strength of character and ability to keep emotions in check that comes with battlefield experience are an asset to him on the hardwood.

Now, I’m not saying that only battle-hardened ex-military types, or successful businessmen can become merchants. What I’m saying is that most people don’t recognize the importance of personality, emotional control and some flexibility when it comes to the markets. If you go into the game knowing the challenges ahead, you have a much better chance of success.

As of this writing, there is still one final show to air and from what I understand only three of the traders make it to the end of the eight week experiment. Maybe the vet will come back, but I’m not counting on it!

Let me then summarize the two lessons that Million Dollar Traders have crystallized so beautifully on screen:

1. Success in trading has very little to do with intelligence or education. It has everything to do with character. More specifically, strength of character. Those who can control their emotions rather than be controlled by them are much more likely to succeed.

2. Learning to trade is about learning principles, not rules. Understanding the principles will allow you to make money in any market, under any type of condition. Rules can make some money for a short time, but as long as there are humans on the market, rules will never produce fixed, predictable results every time. If that’s what you’re looking for, put your money in the bank. Actually, on second thought….!

Relationship

The Benefits Of Making Pasta A Regular Part Of Your Diet

Pasta is one of the world’s most beloved comfort foods. It is as versatile as it is economical and can be served with different sauces. Unfortunately, this is a simple carbohydrate, which means it is quickly broken down and burned by your body. As such, it has a negative reputation among the weight loss community. Below, however, are several amazing reasons why this delicious dish should be a regular part of your diet.

For busy people, this is one of the most portable foods out there. For example, if you regularly pack your lunch for work, you can easily store it in a topping dish and heat it up at lunchtime. This will provide a hearty, filling meal that will give you plenty of energy and at a nominal cost. Taking leftover pasta to work is infinitely cheaper than paying to have someone at a local deli cook you lunch.

Another important benefit that you can get from this food is the ability to make vegetables tasty. For example, if you have a hard time getting your kids to eat a lot of produce, this is a great way to include a colorful variety of nutrient-dense vegetables in your kids’ meals. Your child will hardly notice that he has chopped bell peppers, zucchini, tomatoes, and olives in this dish.

There is no way to overstate the fact that pasta is incredibly cheap. That is why it is a common staple in many homes. Also, a small box can go a long way. For families who are constantly trying to make ends meet, this is the perfect food to ensure everyone can get their fill at dinner time, every time.

Bodybuilders load up on this carb for good reason. It quickly breaks down into a large amount of usable energy. Whether you’re currently working out at the gym to pack on your mass or just need more fuel to get you through the day, start munching on this simple food at lunchtime and you’ll find you have more stamina and better focus for hours on end. .

People should know that they don’t always have to cook this dish at home to recognize its impressive benefits. You can enjoy how easy, portable, delicious, and filling pasta is simply by taking your family to a restaurant that serves Italian food. Best of all, you can take any leftovers with you for lunch the next day, so you can once again enjoy the succulent and perfectly blended flavors of this popular cuisine.

Health Fitness

Mindfulness Attitudes – Patience

“Patience is a virtue,” goes the old saying. In our modern age of immediate access and speed, patience may not be something many of us practice much. But it is one of the key attitudes of mindfulness and we must recognize that slowing down our busy minds takes practice. We’ve probably all experienced the challenge of breaking persistent behavior and know that habits don’t change overnight, permanent change takes time.

How can we participate with patience? Our western culture is based on speed, we travel fast, we have machines that help us find the shortest route or the fastest route; we have fast food or take away food; we work on fast, high-speed internet 3G to 4G to 5G; we have quick access to our bank accounts and use instant cashless transactions for ease and speed; we have fast housework, with automation and machines for cleaning and washing our homes and clothes, all to save us time and effort. We are not encouraged to stop and take our time, so patience is not something we practice on a regular basis.

One of the best ways to patiently engage is to observe the natural world. There are very few things in the natural world that happen instantly. Growing a plant from seed is an excellent example of patience, it can be an extremely rewarding experience. Many people find interaction with plants to be a relaxing activity, gardening or growing food teaches us to wait and watch. Interacting with nature simply by walking through it has also been shown to be beneficial. Physical activity in the form of a forty-minute walk in the woods is associated with better mood and feelings of health and robustness. Studies have been done showing that ‘forest bathing’ (being in the presence of trees and forests) reduced levels of the stress hormone cortisol in test subjects after a walk in the woods, compared to a control group of subjects who participated in walks within a laboratory setting. Forest bathing seems to significantly mitigate the root cause of a multitude of ailments associated with stress. It promotes rest, conserves energy and slows the heart rate while increasing intestinal and glans activity. Lower cortisol levels are also a sign that the body’s stress response system is becoming less activated. Walk slowly through the forest, be aware of the timeline of the trees, measured in lifetimes for us, perhaps the ultimate in our experience of patience.

Taking a moment out of our busy lives to make time to connect with nature is one way to include patience in our lives. The response we get and the benefits we receive may not be immediate, but the effects will be felt over time. Any opportunity we take to slow down and just be in the moment, holding ourselves back from chasing the future (which may never happen) is an opportunity to practice patience. Mindfulness practices encourage us to stop and focus on being aware of the present, not on wishing our time would go away.

Along with the scientific research on ‘forest bathing’, research also supports the inclusion of patience as a health benefit of mindfulness. The virtue of patience is that it allows us to accept that it has to take time before the benefits are achieved.

There has been considerable research on the benefits of embracing mindfulness, which has shown that the effects are cumulative over time. Most training sessions are spread over an eight week period, based on regular guided weekly sessions and personal daily practice. The calming influence of mindfulness practice on our emotions takes time and patience to develop. A study of the 8-week MBSR course for nurses showed that their mindfulness practice facilitated empathic attitudes while decreasing their tendency to take on other people’s negative emotions. [Beddoe & Murphy, (2004)].

Patience is a form of wisdom. It shows that we understand and accept the fact that sometimes things have to unfold in their own time. A child may try to help a butterfly emerge by breaking its chrysalis. Usually the butterfly does not benefit from this. Any adult knows that the butterfly can only emerge in due time, that the process cannot be rushed.

Jon Kabat Zinn

Every time we practice mindfulness, we engage in patience. Being aware of the passage of time, allowing ourselves to experience time without striving or rushing to the next thing, often seems selfish, but it’s not. Self-care is vitally important, devoting time to our own well-being means that we can help others. Being mindful and patient with our consciousness journey will allow us to fully experience it.

Legal Law

The greatest discovery of Immanuel Kant

The Sumerian culture at the dawn of civilization had a seven-day week; each day had 24 hours and each hour had 60 minutes. From his geometric mathematical intuition we inherited clocks and watches, and went on to develop technology capable of transporting information through millions of years of space-time. However, the Sumerians had no idea about the mathematics of infinity, which instead began as a religious concept about the nature of eternity. The Babylonian culture, which followed, developed a mathematics that was able to predict the lunar eclipse of 672 BC. Linking this ability to religious superstition, the math priests controlled people through fear, using scientific logic as an instrument of slavery.

During the 1800s, the American champion of liberty and liberty, Ralph Waldo Emerson, argued that American financiers had used Babylonian deception to enslave people to a life of perpetual debt. He pointed out that the mechanistic technology adopted in America ruled out a supra-technology alluded to within infinity pertaining to Indian Sanskrit mathematics, which represented freedom from commercial servitude.

This mathematical deception that controls people’s minds to accept financial slavery is now quite well known. This mathematics, used for poker machine games, is designed to bring about a state of bankruptcy through a compulsion that makes addicts play continuously. This tricky math, along with aesthetically pleasing color and sound combinations, manipulates how dopamine works in the mind, creating mental anticipation for some unsustainable future benefit. This addiction is known to be as strong as the heroin habit. Government revenue is collected that echoes the game structure of the global stock economy. This unethical phenomenon is simply a false imitation of a natural optical process called internal stereoscopic vision, presenting data that allows logical results to materialize.

Communication and stereoscopic signal scientists are beginning to realize that they have no control over the accelerating development of the unhealthy mind control flow of unethical information. Scientists began by investigating complaints that 3D movies caused nausea in a small percentage of viewers, which was rectified with high-tech stereoscopic developments. Now, severe stereoscopic neurological information and signals are known to negatively affect the daily lives of the general population, resulting in isolation and depression from the community, which science cannot rectify.

However, a new neurological science to rectify this problem was established by the linguistic physicist Guy Deutscher, when he revived the discarded theories of linguistic evolutionary color perception from the 19th century of British Prime Minister William Gladstone and the philosopher of science, Wolfgang von Goethe. Deutscher Book of the Year 2012 Through the glass of the tongue, translated into eight languages, contained the linguistic methodology necessary to foresee the nature of future human survival technology. In that same year he was awarded the recipients of the Giorgio Napolitano Medal, on behalf of the Republic of Italy, for his discoveries in quantum biology, compatible with Deutscher’s findings. His theories were hailed as an integral part of the 21st century Renaissance.

For public relations, the new neurological science and technology of human survival will be referred to as the immortalization of Albert Einstein’s scientific worldview beyond the limitations of the second law of thermodynamics. The 18th century philosopher of science Immanuel Kant, recognized as influential in 21st century science, is now the hero whose research explains the difference between aesthetics as a theory of art appreciation and ethics as an art science for survival. human. His discovery led him directly to perceive the Babylonian mathematical hoax that has now become a deadly computer virus, trapping humanity on a path toward global chaos.

Kant was well aware that the invention of atomic mathematics Greek science of the third century B.C. C., taught at Plato’s Academy, was called science for ethical purposes. He also knew that his sister science of particle motion, taught at Ho Kepos University, was called The science of universal love.. The principles of gravitational first cause, taught in universities, associated the monthly movement of the moon resonating with the atoms of the mother’s soul, explaining her intuitive love and compassion for children.

Kant’s research became the basis for the electromagnetic golden age of Danish science. Sir Isaac Newton published that ancient Greek science was an authority on the principles of the first gravitational cause and that the idea that the mechanical mass of objects in space was the cause of the gravitational force was, and I quote, a “pretentious “and illogical. hypothesis. Whether Newton was right or wrong is not the point. Quantum mechanics stemmed from the false assumption that he had a completely mechanical world view, when the opposite is true. Quantum mechanics and its derivative sciences cannot provide solid evidence for how to harness the logic of the first principle with regard to the healthy evolution of humanity, in particular, with regard to the evolutionary purpose of internal stereoscopic vision.

Immanuel Kant and his colleague, Emmanuel Levinas, predicted exactly how this can be done, exposing the very nature of the mathematical virus that now controls the global scientific effort. By applying his published electromagnetic field properties to Newton’s non-mechanical gravitational principles, the problem is solved. We now know how to balance research with conventional science to develop such things as replacing fossil fuels with the aforementioned omniscience and technology that Ralph Waldo Emerson predicted in the name of liberty.

Art can be seen to inflict unethical messages on society. For example, the Roman Colosseum was considered an art form that surpassed all Greek art. His insatiable lust for slaughter made him an unethical monument to artistic aspirations. Beautiful religious buildings that use grandiose pomp and circumstance as an artistic spectacle to evoke a desire for war against foreign gods can be seen as unethical. Plato’s warning that unethical mathematical science using artistic rhetoric and art forms could enslave the population in a mindless consumer society predicted today’s reality of non-stop televised commercial advertising.

The mathematician Plato considered art to be an irresponsible and unethical practice, devoid of crucial spiritual ethics. Kant and Levinas agreed with that observation. They devoted in-depth research to the matter and classified the reality of the electromagnetic field that contains crucial spiritual ethics. They published that an asymmetrical electromagnetic insight into the artistic and creative mind was the spiritual ethic that Plato tried to define.

That message from the Golden Age of Danish science is the most important human survival discovery ever made. Harvard University, the University of Massachusetts and the Royal Danish Consulate in 2004, held an international symposium to tell the world about the importance of the work of the electromagnetic Golden Age. They noted that it had been written primarily in Danish and had not been translated, making it invisible to English-speaking scholars.

Simply looking at paintings through the centuries through Kantian asymmetrical electromagnetic lenses reveals the evolution of inner stereoscopic vision. One can now observe the evolutionary development of the new neurological science of human survival, which Guy Deutscher’s yearbook established from the 19th century linguistic theory of color perception.

Two years ago it was discovered that what was considered junk DNA was another strand of DNA that communicated with the genetic system in the internal stereoscopic language of the evolution of health and wellness. The solution to the biggest problem in quantum mechanics, called the uncertainty principle, was published in the journal Nature, in an article titled Sorry Einstein, the Universe needs quantum uncertainty. That document proved that humanity is now on the threshold of utopia despite being completely addicted to the second law extinction process.

It can be seen that the current acceleration of chaos exhibits the properties of cancer growth and development. Countries using trade embargoes to harm other nations are just one example of this contagious cancerous behavior on the human species leading to a terminal condition.

Interference with the evolutionary process of normal internal stereoscopic vision can produce both strong heroin addictions and a short circuit in the functioning of the compassionate vagus nervous system. Recruiters for jihadist terrorism can simply push the right buttons to evoke what is known as selfish gene activity, to escape extinction at all costs, without a single thought of normal pity and compassion.

During the 12th and 13th centuries, the Golden Age of Islamic Science welcomed Jewish and Christian scholars to translate the ethical message of ancient Greek science, at the School of Translators in Toledo, Spain. As religious hostilities eroded that research goal, Sultan Memhed II transferred the Renaissance to Medici scholars in Italy. 200 years later, Christian hostilities associated with the merciless dogma of the Christian Inquisition nullified all relevant research findings about human survival in a senseless bloodbath of torture and burning of people alive. The time has come for Western culture to reinstate the Islamic-inspired School of Translators mentality for the protection of all scholars seeking the application of the new technology and human survival described in this document.

Lifestyle Fashion

Impressive Avocado Salad – Make tastier sandwiches with vegetable spreads to energize and add flavor

Amazing Avocado: Use as a spread, or eat a cold salad, it can really add a current of fresh, spicy, or ethnic flavor to your favorite turkey, chicken, or ham sandwich! Enjoy eating sliced ​​avocados, as a complete side dish. There are many shorthand ways to make sliced ​​avocado, which don’t require as much chopping, peeling, or peeling and can be entertaining for a quick avocado flavor. You can add a spice mix of ground cumin, salt, pepper, and chopped coriander, and of course, you can’t forget 1/2 a squeezed lemon or lime, extra virgin olive oil, and vinegar, of your choice. I usually mix all of the above ingredients together in a small bowl and set them out on the table, so guests can add as much or as little, depending on taste. Surprisingly, I find avocados to be a very versatile food, they can be served cold or cut up on the spot and eaten as soon as you’ve peeled them and added the combination of spices and vinegar and oil above.

Enjoy and have fun cooking and seasoning your sandwiches, salads or side dishes with as many combinations of vegetables and spices as you can create by mixing a few different vegetables together.

Eating mixed dishes with various colors has always been a way to keep me excited in meal preparation. Green avocados paired with chunks of ripe red tomatoes and yellow chilies along with spices make for a tasty and colorful salad!

Combine your liquids and spices in a small bowl and set aside. Roast your peppers; Chop your cilantro-parsley mixture; peel and chop the tomatoes.
Finally, peel the avocado and reserve. Mix together your liquid/spice mix and toss lightly with your avocado, chili, cilantro and tomato mix, enjoy with warm, thinly sliced ​​bread or taco chips!

SUGGESTIONS:

2-3 ripe medium avocados—
3 roasted yellow chiles, peeled, chopped and seeded, if yellow is not available use large long green or even red chiles.
1/2 cup chopped parsley and cilantro
1 large red tomato, peeled and seeded

liquid mixture:

1 large lemon, juice only, squeeze the lemon in a lemon press or place the lemon towards the palm of your hand
Drizzle the juice down the sides of your lemon and onto your plate.
1/4 cup olive oil
2 tablespoons apple cider vinegar
salt and pepper to taste
1 tablespoon smoked cumin
1 tablespoon paprika

1/2 teaspoon onion powder

1/2 teaspoon garlic powder

1 tablespoon freshly squeezed lemon or lime juice

Avocado contains vitamins E and B-6, other skin-healthy vitamins, and can lower blood pressure and cholesterol levels. Enjoy and have fun cooking and seasoning your sandwiches, salads or side dishes with as many combinations of vegetables and spices as you can create by mixing a few different vegetables together.

I enjoy learning from you and from others offering me knowledge continuously!

Real Estate

Why a good bartender has the skills to be a good real estate agent

Some people start their real estate careers right out of high school or college, but most get into real estate after doing something else. Some have retired and others are just looking for a change of pace.

When I write agent biographies, I always look at those past careers to see how they might tie into real estate sales. Often past experiences can reinforce the skills the agent wants to emphasize.

Some past races make the transition more difficult than others. For example, schoolteachers have to learn to listen for themselves after years of doing the talking. On the other hand, a good schoolteacher has the skills to educate buyers and sellers about the reality of today’s market.

That’s a skill a bartender might not have, but I believe that good bartenders possess most of the skills necessary for a successful career in real estate.

My definition of a good bartender is one who has a following: a person who is an “attraction” to the establishment where he works. They can make a good drink, but it’s their people skills that turn occasional customers into “regulars”.

So what skills do bartenders possess that would make them good real estate agents?

A good bartender knows how to listen. Just think of the time they spend listening to their customers. And while they may not have to listen wholeheartedly to everyone, they do need to pay close attention to their regular customers. Just like good real estate agents, they must pay close attention to their buyers and sellers.

And then they better have A good memory. Not only does he (or she, of course!) need to remember what each person at the bar wants when they raise a finger to order another drink, he also needs to remember what to place in front of a regular customer when he walks in. And then he needs to remember what that person does, the names of her children, etc. Agents must remember personal information along with the wants and needs of their clients.

A good bartender respects what the client wants – is not trying to suggest that something else might work. As an agent, you probably won’t show someone a house on a busy street if you’ve specified that you want to live on a quiet cul-de-sac.

A good bartender can talk to people from all walks of life. and treat them equally. You should be friendly and nonjudgmental, except in the most extreme cases. And in those extreme cases you have to think and act fast without getting dazed. Good practices for dealing with surprise buyers and sellers sometimes arise in an agent.

A good bartender knows how to keep information confidential. Good waiters can’t be gossipers. Can you imagine how quickly they would lose followers if they started mentioning that Mr. Smith came to have a drink with Ms. Jones, or if they mentioned that a salesperson from company X was involved in a long conversation with the owner of the company? Z? ? In real estate, it is imperative to maintain the confidentiality of client information.

A good bartender has to have people management skills.. You need to be able to say “You’ve had enough” without turning a customer into an enemy. That requires a bit of finesse! This skill could translate well into the finesse needed when clients ask an agent to do things that go against regulations.

So if you’re a bartender thinking about a change, consider real estate. You have the skills!

Tours Travel

Season your cast iron wok with pork fat and Chinese chives

I have cooked with a wok for many years, but never bought a cast iron wok until recently. I have frequently used carbon steel and have been content with that. The above wok I bought as a kit on wokshop.com. It is a 14-inch cast iron wok and also includes the kit, a metal spatula, wok ring, lid, and bamboo cleaning brush.

This wok is currently proving to be an indispensable piece of cookware in my house.

A couple of months ago I came across a book known as The Breath of your Wok by Grace Young and Alan Richardson, suddenly I was struck by a kitchen that I thought I knew a lot about. The Chinese speak of “Wok Hay”, which translates as “The breath of your wok”. This refers to the fantastic flavor that is infused into food with a properly seasoned wok. If you’ve ever wondered why you can’t achieve the flavors you find at your favorite Chinese restaurant at home, you should probably think about the pan or wok you’re sautéing in, and whether or not it may be effective. seasoned.

In this book I discovered a seasoning method that I had not seen before. It really is more of a recipe than a method and is one of the many techniques outlined in Breath of the Wok for seasoning a cast iron wok. This approach worked so well for me that I thought I would have to share it here.

Seasoning a cast iron wok with excess pork fat and Chinese chives

Adapted from “The Breath of Your Wok”

Ingredients:

10 ounces off-weight pork cut into 1-inch cubes

9 ounces Chinese chives (do not substitute Western chives like garlic or onion. Chinese chives are wider and longer and have a significantly stronger flavor)

1 cup of drinking water

Addresses:

If you are using a rounded wok and have a gas stove, you may choose to attach a wok ring to your burner to support the wok. In case you are using an electric stove, you may want a flat-bottomed wok.

Before you season your new wok, you should wash it in hot soapy water, scrubbing it with a steel wool pad (this is the only time you need to soap a cast iron wok) to remove any metal residue. This will likely require a handful of washes.

Turn on your exhaust fan and keep it large, you may also want to open a handful of windows for this, as frying that much chives to an unwanted weight will produce strong aromas.

Place your wok on the burner and turn the heat as high as it will go. Heat wok over high heat until a drop of potable water vaporizes within 1 to 2 seconds of contact.

Add the pork body fat and reduce the heat to low. Stir using a metal spatula and allow the extra fat to liquefy.

As the body fat cooks, work the excess fat up the sides of the wok so that the rim covers the inside surface of the wok with the excess fat. When the unwanted weight no longer releases liquid turn the heat up to high and add the scallions.

Stir this mixture over high heat for 10 to 15 minutes, spreading it all over the inside surface of the wok, but don’t neglect the top edges. Very carefully add 1 cup of potable water (this may splatter) and cook for an additional 5 minutes, continuing to spread the mixture inside and up the sides. Very carefully pour the mixture into an old can or other container where it can cool before proper disposal.

Wash the wok in cold potable water and pat dry with paper towels. Put it back on the stove and let it dry on low heat for 1-2 minutes. Your wok is now seasoned and ready to use.

If you find that a bit daunting for you, don’t let it stop you from trying to get some great Chinese food at home. It’s possible to buy a pre-seasoned wok at an amazing website, like Eleanor Hoh’s, which also has some notable how-to videos and seasonings included in their kits.

As always, I hope you have a great time cooking!

Technology

Subprime Lending: An Unsound Mortgage Lending Practice

We’ve all seen the “bad credit mortgages” or “bad credit no credit home loans” advertisements, while attractive and admirable in enabling people to realize the American Dream and own their own home, it’s not the most sound practice since the financial point of view. Recently, we’ve all seen the impact on our largest mortgage lending corporations, like Countrywide Financial and Citigroup, industry giants that once reported record profits are now struggling to stay afloat and others on the verge of filing for bankruptcy. So why the sudden consequences? How can a catalyst in our economy cause such an economic downturn?

The answer is subprime (less than ideal) home loans, when home loan lenders offer loans to unqualified consumers for the best interest rates on the market. This is often done due to poor credit history or financial hardship. Subprime loans also mean that the borrower will pay a higher interest rate than a qualifying prime candidate for a paper A loan. This is a very risky situation, you are asking someone to pay more for a loan than such maybe you can’t even manage financially. So why would a lender take this risk? The reason is that 25% of consumers fall into the high risk category, which is defined as having a credit score below 620. And while the risk is greater, the reward is also greater. Lenders may charge higher interest rates and add fees associated with lending to a high-risk applicant.

The result of these practices has led to record foreclosures and questions about how this could have happened and who is responsible. Some blame the government for the lack of oversight. Others accuse subprime lenders of predatory lending practices by offering loans they knew customers couldn’t meet their financial obligations. Problems have also been raised with investors investing in subprime lending corporations without due diligence in terms of checking their portfolios. And these are just a few examples of the accusations that this crisis is now causing.

So to stay alive now that subprime lenders are borrowing from the Federal Reserve, Citigroup borrowed $500,000,000 according to the Financial Times from the Federal Reserve on behalf of clients. Concerningly, corporations may borrow money to offset losses directly associated with risky lending practices. With the financial impact tied to the economy, it would be best to first see a clear plan in terms of changing those practices. If you or I made an investment in a risky stock option, we would be responsible for the losses associated with that risk.

That being said, as consumers it is important to understand how we can protect ourselves. First, don’t commit to a home loan that you can’t meet financially. Second, before purchasing a home loan, improve your credit, use a credit agency/counselor if necessary, but try to get your credit score above 680 to qualify for the best interest rates on the market. Third, work to lower your debt to credit ratio, get it below 35%, this is ideal for qualifying for a good loan. Below are the criteria to qualify for an A Paper loan, which means you’ll be a prime candidate for the best interest rates on the market for your home loan.

  • In the United States, the borrower has a credit score of 680 or higher
  • The borrower fully documents their income and assets.
  • Borrower’s debt to income ratio does not exceed 35%
  • Borrower retains 2 months of mortgage payments in reserve after closing
  • The borrower injects at least 20% capital

This article on home loan lenders [http://www.equityloanfinder.com/] has been provided by www.equityloanfinder.com [http://www.equityloanfinder.com/]. It is intended to inform the consumer about the risks of subprime lending practices.

Business

5 things to consider when selecting a financial planner

Unlike someone who calls themselves a CPA or a doctor, almost anyone can call themselves a “financial planner” or “financial advisor,” regardless of their educational background and professional experience. Furthermore, not all are impartial in their advice and not all always act in the best interest of their clients.

To make sure your financial planner is well-qualified in personal finance and unbiased in his advice, consider the following five things:

1. Planning Credentials: Holding a highly regarded credential in financial planning, such as a Certified Financial Planner (CFP) or Personal Financial Specialist (PFS), confirms that the professional you intend to work with has acquired the necessary education and experience to serve as a financial planner. The CFP and PFS credentials are awarded only to those individuals who have met the certification requirements for education and experience in personal financial planning. In addition, they must pass certification exams and agree to meet standards of practice and continuing education requirements.

2. Subject matter expertise: Financial planners are planning professionals, not necessarily subject matter experts. For example, a financial planner will be an expert in tax planning and analysis, but unlike an IRS Certified Public Account (CPA) or Enrolled Agent (EA), they may not necessarily be a subject matter expert when it comes to tax rules. he may have the ability to draw up an investment plan, but unlike a certified financial analyst (CFA), he may not be an authority on the subject of investing. Work with a financial planner who is also a subject matter expert in those areas of personal finance that are important to achieving your financial goals.

3. Client specialization: Not all financial planners serve all types of clients. Most specialize in serving only certain types of customers with specific profiles. For example, a personal planner can develop their expertise and customize their services to serve only those individuals and families who are in certain professions, or at a particular stage of life with specific financial goals and net worth. Ask if the planner specializes in serving only certain types of clients with specific profiles to determine if he or she is the right fit for your situation and financial goals.

4. Fee Structure: The fee structure largely determines whose interests you serve best: your client’s or your own. A paid professional only charges fees for their advice, while a paid professional not only charges fees, but also earns commissions, referral fees, and other financial incentives on the products and solutions they recommend to you. Consequently, the advice of a fee-only one is more likely to be more impartial and in your best interests than the advice of a fee-charging financial planner. Work with a professional whose fee structure is free of conflict and aligned to benefit you.

5. Availability: He or she must be regularly available, attentive and accessible to you. Ask the planner how many clients he currently serves and the maximum number of clients he plans to regularly serve in the future. This client to scheduler ratio is one of the key factors in assessing your scheduler’s availability to you in the future. Also, ask which planning activities are typically performed by the planner and which are delegated to a paraplanner or other junior staff members. Lastly, make sure the scheduler is easily accessible by phone and email during normal business hours.

Once you’ve shortlisted a few well-qualified and unbiased financial planners in your local area, check out the ones that offer a FREE initial consultation first. During the initial consultation, evaluate the planner’s availability and any other professional attributes you’re looking for in your financial planner.

Having a well-qualified and unbiased financial planner by your side is extremely important on your journey towards your financial goals. When looking for one, consider the planner’s professional credentials, client specialization, subject matter expertise, fee structure, and availability to select the right financial planner for your needs.

Home Kitchen

New Home Sales – Closing Techniques

We’ve already learned that to be the best of the best in new home sales we have to ask because 60% of my competition isn’t doing it. We have also learned that we must not allow negative thoughts to control our actions and we must practice having an Attitude of Gratitude. And now we know that we must be prepared to ask for the sale, minimizing the possible rejections and objections that we will encounter. Now you’re probably wondering, “How do I do this?” It’s easy to write about it and easier to read the theories behind it, but how do we apply this today? Stock! We must put into action the material we are internalizing.

There are multiple styles of closing techniques that have been discussed over the years. As I mentioned earlier, generic sales manuals have taught many salespeople techniques to improve their sales skills. I would venture to say on my own that while these have been shown to be effective, closure techniques used 20 or 30 years ago may not be as effective. As time goes by, consumers become more informed about the products they buy. They are also aware of the techniques taught by sales trainers. If you sat down with an educated business professional and tried Ben Franklin’s closing (list the positives of the purchase on one side of the paper and list the negatives on the other while the positive column is longer than the negative), the consumer may be offended. Therefore, you just lost the sale.

However, there are some techniques that, when used at the right time, work. Figuring out the timing will take practice, but it usually comes naturally when we’ve earned the right to ask by building rapport and trust.

o The power of the three closings: cost, quality and time combined are the trilogy of classic business measurement. As salespeople, we use the power of three to summarize why a prospect should buy. Incentives, Products, and Benefits are three examples you can use. For example: “If you buy today, we may be able to pay for closing costs, prepaid expenses, and title insurance policy.” Or: “The house you just saw is better looking, better built, and better equipped than any you’ve ever seen. Right?” By using the “Power of Three,” you create an uncannily compelling reason to buy.
o The Alternate Closure – This is also known as the “either/or” closure. This closing technique works when we’ve already assumed the buyer is going to buy, it’s just a matter of which one. For example: “Would you prefer the house with the red brick or the beige stucco?” At this point, it is very rare for a customer to answer “none”. Usually, the prospect is deciding between what he considers to be the two best options for him.
o The Assumptive Closing: This technique is similar to the alternative closing because, again, we assume that the buyer has already made the decision to buy. This is accomplished by taking the prospect to the next level by asking, “When would you like to move?” or “What will your friends and family say when you tell them about your new home?”
o The Multiple Closing Yes (Closing Minor Points) – This type of closing technique can and should be used throughout the sales process. By getting the customer to accept minor points during the sale, it’s easier to get to the big “yes.” For example: “You mentioned that gas appliances were important to you. Are these the types of appliances you had in mind?” “When you mentioned solid surface countertops, is this what you were looking for?” “Isn’t Radiant Barrier Roof Decking a great energy saving feature? It would pay for itself over time by lowering your energy bills, wouldn’t you agree?”
o The Hassle Free Closing – This closing technique again works with the main assumption that you start to fill out the paperwork. When you fill out all the forms for them, you take away a level of stress that can cause them to take it home so they can “think about it.” It would be a good idea to include the loan application package as well. Many times, he used this asking them to clarify the spelling of his name and address when he started entering his information into the computer.
o The Summary Closure – This is the simplest and most powerful closing you will ever use. After spending time with the prospect, asking questions, and demonstrating the features and benefits of the home to meet their needs, all it takes is to summarize the key points of interest to them in one package. For example: “So, in addition to the floor plan you love, you’ll get a nice covered patio, a fireplace for your enjoyment, and a large yard for the kids to play with the dog. How about that?” This works by repeating what the prospect has already agreed to. It just sounds better in a package. Combined with the “Multiple Yes” closure, this is extremely powerful.

As stated above, it is imperative to remember that closing the lead with the wrong intent can and will lead to lost revenue by missing the sale. Closing techniques to avoid are:

o The Compliment Closing: The potential client usually acknowledges congratulating people to win their favor. You will lose sincerity and respect.
o Closing by distraction: when we try to close the sale of a prospect because we caught him at a weak moment, it can lead to an eventual cancellation. It’s a waste of everyone’s time and it’s just plain dishonest.
o Doubt/Reverse Closing – This principle is discussed when you show doubts about the product to get the buyer to disagree. It is absolutely ridiculous for a professional seller to show doubts about his product.
o The Shame/Shame Close – Making the prospect feel embarrassed or embarrassed only causes negative feelings that will come back to them after they have left your office. Just thinking about you will re-ignite these emotions and cause them to avoid you in the future.
o Closing deafness: When the homebuyer offers an objection and you choose to ignore it, the buyer feels you don’t care. If he doesn’t know an answer, just say that he doesn’t know but will find out and give you the answer.
o Rushing Closing: Similar to the “distraction closing,” rushing and not addressing the buyer’s needs or concerns will lead to eventual cancellation. Our time is too precious to be wasted writing “bad paper.”
o The Puppy Dog Close: Acting cute to evoke a positive response is quickly detected as unprofessional. Often times, this can backfire as one partner can perceive that you are flirting with the other.

When we believe in the product we are selling as well as knowing that we are providing a need to the consumer, we never have to resort to manipulation or dishonesty to convince the prospect to buy. This relates to whether your spiritual life is correct or not. When we choose to live a life of responsibility before God, our Spirit within us will not allow us to continue to behave dishonestly. It is much easier to earn money by being honest with ourselves, our employers, and our family than it is to live a life of deceit. Remember to sell with integrity!