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What Can You Learn From the Daily Market Report?

“Those who don’t remember history are doomed to repeat it,” or so the statement goes. Believe it or not, there are some traders who, at the close of the trading day, turn off their television, turn off their computers, and turn off their brains until the next morning without watching or hearing the daily market report. Ignorance may be bliss, but this is ridiculous.

Working in the stock market, whether you are down on the floor or sitting in your bedroom, is more than just about the money you made on any given day. You have to know what is going on in the rest of the market, and in the rest of the world to make informed decisions. Without knowing what happened outside of your little bubble each day, you will undoubtedly make the same mistakes that others made today.

The daily market report, or the report after the markets close, is one of the most important pieces of information for your next trading day. By learning what happened day, and why, you will have a better idea of what to do tomorrow. But, there is a reason why a lot of traders don’t want to hear the daily market report – and that is because they simply don’t understand its importance.

If you are trading with thousands, tens of thousands, or even more on the table, every single day, then why would you want to trade in absolute ignorance? Don’t you owe it to yourself to get as much information as you can and make the most informed choices you can? And, that is where stock trading courses come into the picture.

In any other job, you would seek out as much training as you could, to make yourself better at what you do. But, because most day traders are full of false pride and confidence, they don’t go looking for more information. They don’t want to appear lacking in confidence. But, that pride can cost big money.

To save yourself money, look for effective stocks training courses that can help you not be quite so fearful of the daily market report. You can hear it and understand it without worrying that you are misusing the information. And, you can prepare for the next day’s trading with more information at hand.

An effective stocks training course gives you ways to evaluate particular stocks and the daily market report, but will also give you a clearer picture of the overall market and the worldwide economy, so that you will feel free to trade in areas that you have not touched before. This kind of legitimate confidence, based on education and knowledge, is bound to leave you feeling better about every trade you make.

When you pull up to the computer in the morning and put all of your money out on the table, you had better feel confident in what you are doing, and that confidence should be based on hard work, preparation, and as much training as you can get. If not, you should expect disaster.

Example Of A Daily Marketing Plan

If you are a newbie and planning to start an internet business, you will be in a lot of trouble if you did not create a detailed plan. It will be like building a house without its blueprint.

Here is an example of charting out a plan on how to build your internet business all the way to marketing it.

Day one
Find a discussion board that is related to your niche market by searching for internet business discussion boards.

There are 2 great ones you can start with

http://www.howtocorp.com/forum

http://www.ablake.net/forum

Observe if the discussion board is responsive

Day two

Choose and participate in 2 or three forums. Ask them what products are hot in the market. Should you go into resell rights? Or being an affiliate? Surf around, if you are interested in a product or two, ask them if that product is hot.

Also ask them what hosting/emails/autoresponders etc. package is the best out there.

Day three

You would have gotten your answers on discussion boards. Surf around and check out the products they have recommended.

Pick some products of your choice and go to http://inventory.overture.com/d/searchinventory/suggestion to check if there is a demand for your product theme. For example, if you are selling a guide to play the guitar. Find out if anyone is searching for “guitar guides” or “learn to play guitar”

Day four

Ask for reviews on the product you plan to buy. Make sure the product you have chosen is a proven seller.

At this time, you would have gotten a few suggestions on webhosting packages.
Also, you can start with [http://www.onward2.com/bwizards]

Day five

The day to make purchases. Today is the day where you buy your product, your webhosting, and your domain name.

You can register your domain at http://www.godaddy.com/

Day Six, Seven, Eight

Set up your webhost, emails, uploading your sales letter (assuming you have purchased a product that came with a sales letter; it is the fastest way to start a business!)

Test and test until you find that everything is working fine and in order.

Day nine

Plan your marketing strategies.

Day Ten

Join an ezine directory such as http://www.directoryofezines.com and subscribe to five of the ezines and see how articles are written. You can also try http://www.worldwidelists.com

Day Eleven

Write an article that is related to your product. For example, if you are selling resale rights ebooks, you can write an article about “the benefits of starting a resale rights business” etc.

Day Twelve

Read your article from yesterday and edit it.

Day Thirteen

Compile a list of article directories. (There is an article on my website at [http://ebizmodelsyoucancopy.blogspot.com/] that has a list of article directories. It is titled
“Submitting Articles” dated 30th June 2005.

Day Fourteen

Submit your article to every article directory you can find. On the way, you will also find publishers that are interested to publish your ezine. Submit your articles to them as well.

Day Fifteen

Take a rest, check your results.

The above is just a sample possible business plan. Create your own plan and stick to it. The idea I am trying to get across to you is that you have to write out your own marketing plan. Then follow it. If you don’t, you’ll spend more time answering emails and surfing websites than you do building your business.

Your Marketing Plan is Nothing Without This

How many plans have you been told you need from a banker, or a consultant, or an advisor?  A business plan?  Marketing Plan?  Finance plan?  Have you already done these plans?  Where are they now?  The majority of small business owners will probably say they are sitting in a binder, on a shelf in their office.  

Although I do not discount the importance of knowing the information that goes into each of the plans, they do you no good if they are ignored.  It’s typically not intentional, but the business of the day tends to take priority over a well laid out marketing plan.

That’s why I recommend using a daily marketing plan.  Your daily marketing plan isn’t a 50-page report with graphs and spreadsheets, its a simple 2 or 3 page summary that gets updated daily.  DAILY?  You say?  Yes!  I mean daily.  Let me show you how.

Creating a daily marketing plan is no different than creating a goal sheet or to-do list, because that’s essentially what it is.  A simple report that outlines your marketing goals for the day, the week, the month, and the quarter.  As you accomplish these goals, check them off the list and move onto your next task!  There’s no secret, no magic formula, and no mystery as to how you can track your marketing.

Of course, these goals should be based on what you would like to accomplish based on your business and marketing plan, but you don’t need to refer to the big binder daily, just pull it out every quarter, evaluate your progress, and update your daily marketing plan based on the information in your master plan.  It’s one sure way to ensure you are moving forward and meeting your goals.

Your daily marketing plan should be stapled together and left on your desk where you see it, review it, and touch it daily.  Have a random thought you want to explore but you’re too busy?  Mark it down in your daily marketing plan so you can refer back to it later.  The beauty of this plan is it is your plan, written for you as a guide.  Not written in “Banker” talk, not written in “Advertising” garble, but in your own words, by you, and for you.

As I’ve said before many tines, sometimes the best solutions are the simplest ones.  I hope this tip helps you to track your marketing in a fast, simple and convenient way, which will result in a bigger bottom line for you and your company!