Archive | May, 2016

The Apiary Fund Trader Development Program

One of Shawn’s visions for The Apiary Fund was compiling a group of excellent traders who come from non-traditional backgrounds. He wanted the stay-at-home mom, the retired school teacher, and the ice cream man from Chicago to be able to develop their trading skills. As a result, the Apiary team put together a 12 week Trader Development Program: a course that helps trader’s practice concepts and strategies and to start showing consistency in a trader’s virtual account.

When I was younger, my parents gave me a violin and I immediately had dreams of performing in front of an entranced audience while playing masterfully on my gorgeous violin. I didn’t account for the fact that it takes years just to learn how to get the right bow stroke and coax a beautiful sound out of that screeching thing…or the fact that I’m most likely tone deaf. Anyone who has had the pleasure, or misfortune, of listening to a beginner violinist knows that the sound can be pretty rough. However, if you stick around to watch them practice runs, scales, and bowing techniques, you’ll be amazed at the progress they make.

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Here’s a couple of tips that can help make the learning process a little easier:

Focus: Your time will be a lot more effective if you’re not distracted by other things. Put that prefrontal cortex of yours to good use by eliminating emotional and sensory distractions. Have a set amount of time where you make a conscious effort to only focus on trading.

Set Goals: By having reasonable and measurable goals you’ll feel more motivated to trade. If you can see the progress that you’re making it’s easier to put a more sincere effort into trading.

Repetition: One of the worst feelings is the drop in your stomach when you realize you’re not as prepared as you should be. One of the first investments we should learn to make is to invest our time in things that will become valuable (and trust us, knowledge is the most dependable resource).

Don’t Settle For Mistakes: You’ve heard the phrase, “Practice makes perfect,” but a new phrase is becoming more popular: “practice makes permanent.” None of us are perfect so we shouldn’t let mistakes get us down but actively look for ways to improve performance and cut down on errors.

The learning process is an incredible thing. We practice basic techniques and drills, and because of that practice we develop new skills and knowledge. Learning how to trade takes practice–it is not going to happen overnight. Through the Trader Development Program, you can practice the runs and scales of trading and be better prepared to succeed in the markets. Anyone has the ability to learn how to trade, and The Apiary Fund is cheering you on!

Happy Trading!

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We Appreciate Our Traders

We’re dedicating this post to everybody who is currently learning how to trade. We really appreciate the effort our traders and team put into making this hive work.

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When I was in third grade, our class had a career day; our homework was to go home and talk to our parents about what they did for work and share with the class the next day. That night, I climbed up on my parent’s bed where my dad was focused on his laptop.

“Dad? What do I tell my class you do for a career?”

He faced me with a serious expression on his face,

“Tell them I catch invisible numbers from the air and turn them into money.”

My father? He probably thought he was so funny sending his innocent daughter to face her teacher on career day with that explanation of his job. I was still young enough to have complete faith in whatever my dad told me: that he caught invisible numbers and he was a leprechaun. It wasn’t until years later that I actually knew what that explanation meant…and that he wasn’t really a leprechaun (but if you’ve seen Shawn, you can understand why believed him for all those years).

Most of the time, as people, what we don’t understand intimidates us. For example, the first time you saw a trading chart you might have thought it was overwhelmingly confusing and impossible to understand (you guys are probably smarter than me though, please say I wasn’t the only one!). One thing that I’ve found to help me is to look at it as simple parts; I like to view it as a math problem where I learn little things that add up to the whole: Trading. If we follow the old adage to learn something new everyday then hard things can become easy.

Don’t forget to take a moment to look back and appreciate how far you’ve come. The great thing about a lot of us is that we come from non-financial specialized backgrounds. We’re changing the image of traders! We have a firm belief that anyone who has the desire and discipline can become a successful trader, and you guys are proving it. Please take a moment to feel good about what you’re doing before you get back into understanding pips and stop losses.

Happy Trading!

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Indecision In The Markets

One thing I’ve struggled with is indecision. While it is good to want to the best decision, sometimes indecision has the ability to freeze us – which is not so good while trading. Feeling stuck between two choices while trading can lead to lost opportunity and money. My father recognized my reluctance to make choices when I was still pretty young and has tried to help me recognize the value in making correct choices quickly.

When I was little my dad introduced me to what seemed, in my childish world, a sort of heaven on earth: Cold Stone Creamery, an American ice cream parlor chain. Never before had my small mind even imagined the array of toppings and ice cream flavors presented before me.

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If it had been a simple choice of chocolate and vanilla, my decision would have been clear: a twist. My dad’s brilliant idea to walk in for a quick sweet treat didn’t follow through as I promptly asked to sample every possible kind (except for mint chocolate chip, I know it’s a classic but I’ve never appreciated toothpaste flavored ice cream). While I was still debating between cotton candy and birthday cake 15 minutes later my dad in exasperation just ordered me a vanilla cup. I was indignant! However, young as I was, I was able to recognize from his mood that it was not the moment to throw a tantrum.

We all know the frustration–whether it stems from others or ourselves–of somebody who cannot make a decision. Choosing between option  A or option B is a painful  process, not to mention the agony of adding an option C. Being hung up with indecision is worse than making a wrong choice. If you make a wrong choice, then at least you are moving somewhere, and you have the opportunity to correct it and move the right direction (probably all in the time you would have wasted debating over and over again which choice to make). Making choices becomes much simpler when you have a goal and a plan, because

We all know the frustration–whether it stems from others or ourselves–of somebody who cannot make a decision. Choosing between option  A or option B is a painful  process, not to mention the agony of adding an option C. Being hung up with indecision is worse than making a wrong choice. If you make a wrong choice, then at least you are moving somewhere, and you have the opportunity to correct it and move the right direction (probably all in the time you would have wasted debating over and over again which choice to make). Making choices becomes much simpler when you have a goal and a plan, because then choices become clear. We know what to do [what will take you to your goal] and what to do not [destructive or distractive choices that take away from what needs to happen].

Entering the right trade is a great deal more important than choosing the right ice cream flavor; being able to weigh between options and pick the best one quickly can be harder than it looks. At first glance, one might assume it’s a simple choice between two options: buy or sell. However, we know that there is a lot more planning and thought involved. Sometimes the seemingly complicated life of the stock market can be confusing or overwhelming, hindering your ability to make choices. This is one reason why taking the time to establish your trading goals are so important. A trading goal can act as a sign that points you in the direction that’s best for you.

Happy Trading!

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