Saturday, November 16, 2019

Technical Indicators


What are technical Indicators?

Indicators, such as moving averages and Bollinger Bands®, are mathematically-based technical analysis tools that traders and investors use to analyze the past and predict future price trends and patterns.

The goal in using indicators is to identify trading opportunities. For example, a moving average crossover often predicts a trend change.In this instance, applying the moving average indicator to a price chart allows traders to identify areas where the trend may change.

A growing number of technical indicators are available for traders to study, including those in the public domain, such as a moving average or the stochastic oscillator, as well as commercially available proprietary indicators. In addition, many traders develop their own unique indicators, sometimes with the assistance of a qualified programmer.

Most indicators have user-defined variables that allow traders to adapt key inputs such as the "look back period" (how much historical data will be used to form the calculations) to suit their needs.

There are different types of indicators including trend, Volume, volatility and momentum indicators. 


Where fundamentalists may track economic reports and annual reports, technical traders rely on indicators to help interpret the market.



Saturday, July 27, 2019

. Be a good coach.

You either care about your employees or you don't. There's no gray zone. If you care, then you'll invest time and energy to help your employees become better versions of themselves. That's the first 50 percent of being a good coach.
The other half is knowing you're a facilitator, not a fixer. Ask good questions, don't just give the answers. Expand your coachees' point of view versus giving it to them. Sure, I'm oversimplifying. But not much.

2. Empower teams and don't micromanage.

Absolutely no one likes to be micromanaged. Research from empowerment expert Gretchen Spreitzer (University of Michigan) shows that empowered employees have higher job satisfaction and organizational commitment, which reduces turnover and increases performance and motivation. Also, supervisors who empower are seen as more influential and inspiring by their subordinates.
Everyone wins when you learn to let go.

3. Create an inclusive team environment, showing concern for success and well-being.

Individual fulfillment is often a joint effort. People derive tremendous joy from being part of a winning team. The best managers facilitate esprit de corps and interdependence.
And employees respond to managers who are concerned about winning, and winning well (in a way that supports their well-being).

4. Be productive and results oriented.

Take productivity of your employees seriously and give them the tools to be productive, keeping the number of processes to a minimum.  

5. Be a good communicator -- listen and share information.

The biggest problem with communication is the illusion that it has taken place. It often doesn't happen because of a lack of effort from both the transmitting and the receiving parties. Invest in communication, and care enough to listen.
Former CEO of Procter & Gamble A.G. Lafley once told me his job was 90 percent communication--communicating the next point especially.

6. Have a clear vision/strategy for the team.

With no North Star, employees sail into the rocks. Enroll employees in building that vision/strategy, don't just foist it on them. The former nets commitment, the latter compliance. And be prepared to communicate it more often than you ever thought you could.

7. Support career development and discuss performance.

The best managers care about their people's careers and development as much as they care about their own. People crave feedback. And you owe it to them. 
People don't work to achieve a 20 percent return on assets or any other numerical goal. They work to bring meaning into their lives, and meaning comes from personal growth and development.

8. Have the expertise to advise the team.

Google wants its managers to have key technical skills (like coding, etc.) so they can share the "been there, done that" experience. So be there and do that to build up your core expertise, whatever that might be. Stay current on industry trends and read everything you can.  

9. Collaborate.

In a global and remote business world, collaboration skills are essential. Collaboration happens when each team member feels accountability and interdependence with teammates. Nothing is more destructive for a team than a leader who is unwilling to collaborate. It creates a "it's up to only us" vibe that kills culture, productivity, and results.

10. Be a strong decision maker.

The alternative is indecision, which paralyzes an organization, creates doubt, uncertainty, lack of focus, and even resentment. Strong decisions come from a strong sense of self-confidence and belief that a decision, even if proved wrong, is better than none.
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