Ken Morico: Recent Episodes
None
Combat the ageism that affects all professionals +get my tips to stay relevant in the workforce based on my years of experience in corporate and beyond.
Learn why the personal LinkedIn Profile is key and why NOW is the time to be get ACTIVE on LinkedIn.
AI and generative engines make unique content vital. Create a 'Home Base' website to aggregate content, drive organic traffic, and build your brand.
GEO [Generative Engine Optimization] -- it’s not SEO. It’s a different beast and you need to learn how to harness it. CoPilot, ChatGPT, Perplexity. Get ready.
As Threads continues to evolve, it presents a unique opportunity for early adopters to establish a strong presence and capitalize on the platform's momentum.
Read my personal journey of working through a hurricane - the resources I accessed, places I went, and gear used.
Discover the reasons why a newsletter is an essential digital marketing tool and explore a step-by-step process for crafting and distributing valuable content for your subscribers.
What's a simple strategy you can implement to grow a social account without dumping money into ads?
Dominate the Google Search Result page. Own your online real estate and demonstrate authority.
Don't wait until January 1st for professional change. While December isn't ideal for execution, use it to prepare. Learn how to overhaul your personal brand, improve your LinkedIn presence, and start a YouTube channel. Get ready to succeed in the new year!
Watch a video on using LinkedIn Newsletters for professional engagement and get some takeways to demonstrate your authority.
Linkedin is now more important than ever before for personal branding and SEO. With over a billion users, it's a great way to reach new clients, customers, and employers. Learn how to leverage LinkedIn's new features to improve your personal brand and SEO.
Speed and content minimalism are essential for increasing profits in the age of AI. Learn how to improve your website speed and reduce content to only the most essential information.
Google released a devastating search alogithm update. Don't lose traffic. Make content anti-fragile.
Creating engaging, personal video combats AI, large ad budgets, and social algorithms. Find out why it’s so important and why you need to create now.
Creating engaging, personal video combats threats from AI, corporations with large ad budgets, and social media algorithms. It's the perfect weapon for solopreneurs and corporate innovators.
This content appeared first on KenMorico.com.
There's been a confluence of factors recently that decidedly point to one direction for the future of work - solo business owner, freelancer, entrepreneur [...and the many variations].
This content appeared first on KenMorico.com.
As projects get more complicated, we end up creating more and more folders. As we work on multiple projects at a time, folders expand.
This content appeared first on KenMorico.com.
So Threads, the new social media platform by Meta / Facebook launched and it may seem like a Twitter clone -- but here's what matters (bonus I'll show you a time-tested writing method).
This content appeared first on KenMorico.com.
If you're thinking about becoming a solopreneur, you're up for a challenge, and you want to push yourself to be the most productive, fit, and effectual person, read on.
This content appeared first on KenMorico.com.
Are you reliant on external platforms like LinkedIn, Facebook, Instagram, and Twitter that limit your reach at any time? Or do you have your own "Home Base"? I'll explore the benefits of having a personal site even today, in 2023 and beyond.
This content appeared first on KenMorico.com.
The question: can we be ready for shocks? Or at least as ready as we can be? Can we, and our businesses, be "Military Grade"?
This content appeared first on KenMorico.com.
There is still a lot of attention on social media. I've been focusing a lot lately on social media listening. Why do some users get massive followings? Why did I follow someone?
This content appeared first on KenMorico.com.
I’ll explore the ways I saved my soul and list the time hacks I used to accomplish heightened self-worth and goal-achievement in my solopreneur journey. Anyone can use these tips, but first…
The self-employment challenge starts with YES. It starts with you gripping a torch, setting fire to the bridge behind you, and walking forward without a map in the wilderness.
…Self-employment isn’t even necessarily for you… it could be for your clients that need your particular skills or the way you implement your skills, the products you create for others, or the other vendors or people that count on your business.
One thing I know – self employment will change you as a person into the person you need to become to achieve a purpose. A mission. A calling.
I think the reason solopreneurship is so interesting right now is that we have amazing tools that make achieving more without employees possible. Even if you work for company, the new tools like AI can make you a better contributor, produce more impact, and get noticed. But no matter how great the tools have become, time management will always be key.
As the world becomes hyper-competitive, and everyone has access to similar tools, what’s left? Time management. Discipline. Self-development.
In fact, as I’ve been self employed 100% for a few years now, I’ve discovered:
Solopreneurship IS self development
When you are focused on a task or large goal you’ll realize there is only so much time in a day. You’ll need to tap into the focused version of yourself you’ve never seen before. You’ll need to develop into the person that CAN handle the difficult tasks.
Time Saving Tips & Handling Difficult Tasks Minimize Distractions – create an empty desk, turn on focus mode on your phone, delete all apps on your phone that don’t need to be there. Distractions will derail your focus and cause you to lose time. * Get to a Space Where You Can Really Work – early morning at home (5-7am) or a Coworking space / office / quiet coffeeshop * Get Noise-Cancelling Headphones – even quiet places can have small noises that can distract you. * Figure Out Your Daily Tasks That Will Move the Needle for the Business – put them on your calendar and hold yourself accountable. If you can’t finish a task do a different task. No time is ever wasted. Have back-up tasks to complete when you can’t think straight. * Leverage the Simplest, Fastest Process to Accomplish Tasks. As a solopreneur, I don’t have time to flesh out every image, article, or email. I can create a system that will allow me to be consistent, and that matters more. I’m still working on my processes. I think refinement of processes should be a daily task. * Use Mindset Tactics – meditation and yoga. Walking. Prayer. These are easy to do and help to achieve difficult tasks. Have a clear mind enables you to complete tasks faster. For me, there is no task that can’t be finished if I ask God for help before starting. “Ask, and it will be given to you; seek, and you will find; knock, and it will be opened to you. For everyone who asks receives; he who seeks finds; and to him who knocks, the door will be opened.” Matthew 7:7-8. * CREATE Energy – you accomplish less if you don’t have the energy to finish tasks. Everyone is different, but I’ve noticed when fasting, eating less, and drinking smoothies I’ve had more energy to accomplish tasks. Find what works for you. * Trade Attention* – remove entertainment and phone scrolling – replace with reading books or working. Kindle app works great to replace social media use with book reading.
I have more ideas on time management that I hope to integrate into a course, book, or guide. Stay tuned (and subscribed).
Expanding CapacitySomething that stood out to me when reading The Magic of Thinking Big by David J. Schwartz is when he mentions a story about a woman who was forced to return to the workforce after her husband was permanently disabled after a serious accident.
“You know,” she said, “six months ago I never dreamed I could possibly manage the house and work full-time. But after the accident, I just made up my mind that I had to find the time. Believe me, my efficiency has gone up 100 percent. I discovered a lot of things I was doing didn’t need to be done at all. Then I discovered that the children could and wanted to help. I found dozens of ways to conserve time—fewer trips to the store, less TV, less telephoning, less of those time killers.” This experience teaches us a lesson: Capacity is a state of mind. How much we can do depends on how much we think we can do. When you really believe you can do more, your mind thinks creatively and shows you the way.
I think this is a lesson we can all learn. I’m always looking at ways to expand capacity. But first, you must recognize the need yourself. That’s when change happens.
The Morico Letter – 5/27/2023
As always, thank you for being a subscriber. Should you have any comments, you can reply to this email. If you need one-on-one guidance for digital & growth marketing, Web development, or just general business coaching, let me know.
Stay strong and I wish you luck in your journey.
Regards,
Ken Morico
View Previous Letters
This content appeared first on KenMorico.com.
With social media getting more saturated and AI tools enabling more people to create content faster than ever, it can seem like we are all swimming with attention sharks.
For many businesses and solopreneurs, attention equals money. More attention, more money. With more entrants and AI tools, our share of the attention pie is shrinking with every passing day and revenue generation will be increasingly difficult.
What can we do? How can we stand out online? Leverage our personal stories and experiences. For example, when I worked for a large ad agency, I would sometimes study old magazine advertisements for fun. I remember seeing one for a car from the 1960s. It was just a one-line copy block and a photo of the car. How simple. Those days are long gone. We need to work much harder to move product – either physical or intangible. We need personality and grit.
We’ve all heard the adages “There is no bad press” and “stay top of mind.” These resonate because your name takes space in your audience’s consciousness. The repetition of the name in effect becomes a positive brainwashing… creating familiarity and making the audience receptive when positive messages come forward. Showing up consistently is one way stand out. If you’re not seen you’re not moving product.
Get jealous of people with large followings. Some people will push back on social media follower counts, saying they are “vanity metrics”. Guy Kawasaki, Apple alum and startup founder, once said, “Who doesn’t want more followers? Everyone wants more followers.” Let jealousy lead you to action.
Follower counts (and even better high number of comments) demonstrate social proof. It shows your message finds a home with others and should find a home with new customers / followers.
So, what can I do to harness the attention I deserve (the attention I rightly deserve)?
The 4-Step Attention Shark Solution:1. Create an awesome profile photo. Since people are much more trusted than brands / logos, WE need to launch our product and brand into awareness. Profile photos are used everywhere online. It’s the most important aspect of your online presence. You can even integrate your brand colors into your personal profile photo to ensure continuity. It’s important that the photo be cropped properly. Profile photos can get adjusted to many sizes and may distort. I personally like profile photos that look straight on at the camera. It makes me feel like the person is speaking directly to me and should create a more emotional connection.
Here are some profile photos that stood out to me and displayed accurately:
(Left to Right: Noah Kagan, Elon Musk, Andrew Chen, Emily Chang)
- Create consistency. Post everyday. This is really hard, but you can use tools like a pre-scheduler and by over-creating content when you sit down to create content. Usually, if you are in a mood to create content then you normally can create more than you intend to. This is because you are “in the zone”. Break larger content pieces into smaller pieces and trickle out your content.
- Showcase your personality but leverage AI. A great way to showcase your personality is to create short-form videos. They prove you aren’t just a disembodied online entity, but a real person. It will put your new followers at ease that they aren’t being fooled by a bot. Think of AI and ChatGPT as an extra pair of hands. A writer. An editor. Ask it for ideas and edit the responses. Ask it to rewrite something you previously posted. You might be surprised by how intelligent you actually are!
- Learn from others creators. See whom you want to model and get inspiration from their content. How long is it? Are they creating Twitter Threads? LinkedIn carousels? Short-form videos? Something is working. Study and test on your own content.
Using these solutions will help you stand out and keep up with fast content creators. Speed is the game. Set up a routine to succeed (more on that in future letters – stay subscribed).
Robots don’t tell personal stories because they don’t have your experiences. They are locked inside your brain. There is no computer API to snatch your thoughts. There isn’t a computer program to tell yourstories in your voice.
I know I got discouraged several times when I saw competitors in my niche succeeding with higher follower counts. But I take comfort knowing there is always room for unique voices within the same niche. The audience on the Internet is ENORMOUS. There’s always a receptive place to land our content plane.
Now, let’s takeoff.
The Morico Letter – 4/29/2023
Tactical Quick Tips* Capcut – video editor for mobile and desktop makes creating short form videos a breeze. It’s the best and simplest video editor I’ve ever used. See the video I created using Capcut on Twitter.
Ken’s Reading List – Only Worthwhile Reads* New reports say business travel isn’t going back to normal — ever – (CNBC) Business travelers are younger and less affluent… client acquisition is still essential for business flights and other interesting facts. * How to Clean Your Apple Devices – For the clean freaks, Apple gives some instructions to get the grime safely off your expensive devices.
As always, thank you for being a subscriber. Should you have any comments, you can reply to this email. If you need one-on-one guidance for digital & growth marketing, Web development, or just general business coaching, let me know.
Stay strong and I wish you luck in your journey.
Regards,
Ken Morico
View Previous Letters
This content appeared first on KenMorico.com.
Tried sleeping 6 hours last night – “SLEEP FASTER” advice from my fellow church member Arnold Schwarzenegger. Seemed to work. It didn’t other nights. Secret? Work out, go to bed early, and don’t play with phone. Phones belong on nightstands at night. Pray I have the discipline to carry this out in the future.
This content appeared first on KenMorico.com.
Executives were sweating — pressure to get and keep accounts made them resort to public outbursts. Staff sprawled out on floors – working through the night — some didn’t even leave the building. The pressure so intense, rumors emerged of staff fornicating in dark closets and basement crannies.
This year, 2009, the S&P 500 saw its lowest mark in years — the mark of the beast — 666. The HR director told me with his face on the floor, “My retirement account is down 70%.”
The financial meltdown ravaged the country’s economy — advertising agencies, once glorious employers, mostly became insolvent. I was an in-demand Web professional working for one of the largest ad agencies in Houston. A new business pitch for a large 8-figure account came through the door.
I was called in to a meeting.
“We are asking everyone to help with ideas for this pitch.” Why were people not a part of the creative process called in to get creative? What about the current projects I was working on? Was the company going under?
This was a war-time effort. But why?
The reason, the real reason — BIG ideas are key. BIG ideas arrest people. BIG ideas stir emotion. BIG ideas cause divorces and marriages. And BIG ideas MAKE MONEY.
BIG ideas are lifelines when the financial weather gets rough.
As individual creators we need BIG ideas too. We need fully-developed ideas for the business of US.
Content generation can be a never-ending time and mental suck – but it doesn’t have to be when really what’s lacking is a BIG idea. For content distribution, I see these BIG ideas as seasons or limited-time themes.
BIG idea lifecycle:
One BIG idea – BIG idea long form, top-to-bottom explanation – execution – many distilled pieces of the BIG idea – repetition – Replaced by a new BIG idea
Repetition of the BIG idea will resonate more with an audience. In a world dominated by speedy thumbscrollers, we need focus — a theme, a season, combined with repetition and different formats, to cement our BIG idea into the minds of our very special followers. They will judge our efforts.
Fewer Ideas. More Idea Depth & Idea Testing.With fewer ideas / directions, your business and personal goals become more achievable. Suddenly your confusing analytics reports look like the answer to your business problems are staring you in the face instead of 10 levels deep — if there’s an answer at all.
“Focus is a matter of deciding what things you’re not going to do.” – John Carmack
Fewer ideas are easier to manage and gauge success. Plus, when you put a lot of thought into one idea, you know you’ve put in the effort to make sure it was fully communicated. You’ll know if you need to pivot in the future.
Pivoting is Key to Success.Often, it’s knowing something DOESN’T work that propels you to make the correct decisions in the future. Technology can change. That would require a pivot. The political landscape could change, requiring a pivot. Sometimes just growing older, or entering into a different life stage can require a pivot. With digital platforms, you’ll know right away. And this learning will make you nimble and WISE. You’ll also gain the attention of peers and competitors because your success will appear evident.
Your direction for future content is based on the success or failure of your last BIG idea.
Instead of writing several ideas a week, focus on just one BIG idea in a week. Or 2. Depending on how BIG the idea is. One deep core content is what you need – newsletter, video, or podcast. Once the core content is crafted, you release bits across social media and other mediums hyping the deep core content you created. You’ll need to parse it down into shorter form variants. Chat GPT might be able to help you with this – feed it your content and ask it to write a summary or bullet points.
You are your Deep ContentDeep content is what you (or your business) is known for. It’s the steak. For me personally, I know I’ve gone in too many directions at times. It’s harder to track if the path you are on is the correct path if it’s polluted with multiple, weaker ideas… and especially without repetition. So many social media networks do give us the option to express the full range of our personalities and interests. You can post 80% core messages and 20% random interests. I notice I do follow influencers for their full range of interests in addition to their core competency. But 80% core 20% random will keep you on the right path and make measurement and content generation easier.
Finding BIG Ideas“Big ideas come from the unconscious. This is true in art, in science, and in advertising. But your unconscious has to be well informed, or your idea will be irrelevant.” – David Ogilvy
Feed your mind to get the BIG idea. Take notes from inspiring books. Read compilations of great thinkers. Surround yourself with relevant books, articles, and podcasts.
Creating BIG ideas can be as easy as turning on a switch. When the switch activates, however, you’ll need to discover for yourself.
BIG ideas are easier to create when you know how and when to create them. Everyone is different. Find the hour of the day you are most creative. Play music that motivates and inspires you. Create an environment so conducive to ideation that you would need to be brain dead not to come up with BIG ideas.
Tracking BIG Idea SuccessHow can you track, empirically, if your deep idea resonates with people? Bounce rates / engagement rates (like in Google Analytics 4) for your Web content. Email unsubscribes for the email version of the newsletter. The number of Tweet impressions / likes versus your normal amount. And, of course, comments & questions from your audience.
It will be obvious if the idea works or not — just be sure you repeat it enough to know the audience saw it. Sometimes people are busy and you need to read them over and over on different platforms. Also in different medium forms… think the “Don’t do drugs” commercial… text is one way to persuade, but seeing eggs frying in a skillet representing your brain can ingrain the message for some people.
Twitter is an Idea PlaygroundTwitter is perfect for networking, business pitching, and creating your long-form, deep content, highlights. You can just create a hook, and add a list of nuggets to offer value. BIG ideas can thrive there. Make sure to repeat and tweet.
Re-create your Deep Content Natively for Other PlatformsYou can even re-create your deep content into native-form content for social media platforms – threads for tweets (with the option to place a link at the end!), carousels for LinkedIn (LinkedIn Articles should work, but they don’t for some reason… maybe people don’t have patience), and for Instagram you could also do more detailed carousels or longer videos.
The great thing about content is that there is always another fight in the ring. You can always rephrase some of your social content if the first iterations of your highlights don’t work.
1 BIG idea. Many expressions.
This idea is done. I’ve got another BIG idea for my next letter…
Tactical Quick Tips* Twitter is making a huge comeback. So many great discussions and fascinating people to follow in your industry. TweetDeck is new and improved and has helped me immensely in participating in conversations and interacting with influencers. Follow @KenMorico on Twitter.
Ken’s Reading List – Only Worthwhile Reads* Writing for outlets isn’t worth it anymore – A professional writer’s experience leaving behind legacy media publishing and creating a new life with Substack & independent newsletters. * Build Your Own “Driving” Mode in iOS – For people like me that use their iPhone in the car a lot, you can create a “driving” mode to make it easier to use in the car.
I plan to write longer, more in-depth letters in this new format. I’m exploring naming this letter “The Morico Letter.” You’ll also find insights on my social media channels (links below).
As always, thank you for being a subscriber. Should you have any comments, you can reply to this email. If you need one-on-one guidance for digital marketing, Web development, or just general business coaching, let me know.
Stay strong and I wish you luck in your journey.
Regards,
Ken Morico
View Previous Letters
This content appeared first on KenMorico.com.
ChatGPT is a revolutionary technology for professionals. But the AI ecosystem is what will truly stun. Once developers and visionaries see what is capable by combining different AI tools to make new business services and software or make existing software AI enabled, our productivity will hyper accelerate like it did in the 90s with the addition of computers and Internet capabilities for small businesses. Wear your sunglasses for the future.
This content appeared first on KenMorico.com.
Twitter shut down some third-party professional tools like Tweetbot. It’s a smart business decision… not going to fault them for increasing revenue. I use Twitter a lot professionally to promote my media properties.
TweetDeck, acquired by Twitter a while ago, fills the gap nicely. It’s been improved and will get new features that their new APIs make possible. It’s free too. Check it out.
https://tweetdeck.twitter.com
This content appeared first on KenMorico.com.
In this podcast I explain how to easily grow your LinkedIn network at a time when LinkedIn is HOT and the the economy is in transition.
https://kenmorico.com/wp-content/uploads/linkedin-networking.mp3For a detailed blog post with the networking template I mention, check out: https://kenmorico.com/linkedin-networking-template
This content appeared first on KenMorico.com.
AI is here and it’s the greatest change for business since the dot-com era. There are many parallels with that time and now – the economy is in a bubble, there is technology that threatens to remove many people from the workforce, and yet, there is so much possibility – so many new and exciting businesses that will be formed and life will change for all of us.
The greatest immediate change I see is the ability for AI to give us turbo speed. AI will give us extra team members. We can have researchers, creative copywriters, and artists on staff 24/7/365. We can be better consultants, better manufacturers, better Real Estate agents, better everything.
A lot of the technology right now is free to preview, but the elephant in the room is how much it will cost. Maybe a high cost will be good… for people…
For me, I’ll experiment with AI [Chat GPT and Dall-E 2 ] and use it to help my clients and produce MORE. Follow along on my socials and let’s experiment together. Strength in numbers!
Tactical Quick Tips* You can use Facebook like LinkedIn for professional networking. Create a Facebook Page with your name and follow other pages of people in your industry. You’ll have a new dedicated feed and won’t intermingle your personal and business Facebook Content. * Fear can ruin your drive and hinder your ability to accomplish tasks. “I Don’t negotiate with myself” Tony Robbins says. Listen to this podcast episode where Tony explains the secrets to focus and power through difficult situations. The best Tony Robbins episode I’ve listened to.
Ken’s Reading List – Only Worthwhile Reads* iOS 14 Impact on Google Ads (Plain-English Guide for Advertisers) * Best milk alternatives for cereal, tea, coffee…(I’ve been experimenting with milk alternatives) * Mac keyboard shortcuts (Direct from Apple)
As always, thank you for being a subscriber. Should you have any comments, you can reply to this email. If you need one-on-one guidance for digital marketing, Web development, or just general business coaching, let me know.
Stay strong and I wish you luck in your journey.
Regards,
Ken Morico
Subscribe to the Newsletter to get articles like this in your inbox.
This content appeared first on KenMorico.com.
twitter.com/kenmorico/status/1611004701805318150
Is #ChatGPT plagiarism? Can you make the content it generates your own? #ai #contentmarketing pic.twitter.com/tSe94HUMl1
— Ken Morico (@KenMorico) January 5, 2023
This content appeared first on KenMorico.com.
Use your mind & courage as MACHETES to clear a path to achieving new and uncomfortable personal and professional goals.
Start and the unseen path will become visible.
-Ken Morico
This content appeared first on KenMorico.com.
You’re working too many hours and literally dying inside… you know it but don’t want to admit it… or you don’t know it and don’t think death will come for you. Maybe you are chasing money and see working as a path to power, the admiration of others, and your duty to be a high-performer. Here is the real problem: you won’t make another dime dying early.
In America, it’s pretty common to see people working a lot of hours. It’s even more common that people are working more than one job or “side hustles” to make ends meet with astonishingly high inflation over the last few years. People are burning out. You can see it in the way they drive. You can see it in the way they treat others. You can see it in their social media posts. You can see it in the demeanor of their children.
Whether burn out is self imposed or imposed by current economic conditions, cracks are forming in our facade and we are skipping inspection.
Don’t ignore your health and mind. Taking care of your health and mind will make you more productive later in life and will allow you to live longer. When you are more productive later in life and living longer, you can do more of what your life’s mission is. You can add more value to the world because you will be at your wisest, probably wealthiest, and most connected ever in your life. You might even live long enough to see the end of mortal diseases entirely.
Imagine that.
As a consultant, I reduce stress for clients in the areas of marketing, digital strategy, and e-commerce. Let me help you live longer -> https://kenmorico.com/consulting
To my knowledge, non of my clients have died…
This content appeared first on KenMorico.com.
A strategy I’ve successfully used to build my LinkedIn network is basically similar to a real life engagement.
Like a real-life networking event, you might have something in common at the start – a location, an industry, an age range, cultural affiliations, etc.
Just adding random connections on LinkedIn isn’t a strategy for growth. It’s a waste of time. You must have some common bond with the other person and you must eloquently describe what it is and why it’s important. I research all the people that follow me on my social networks and subscribers to my email list. I see if there is something in common with them or they have a business that could utilize my consulting services.
Since you are reaching out to people that already have some familiarity with you and your services, making the connection is easier. It’s not a certainty, however. Maybe 30% of the people you reach out to using this method will connect.
Most people that visit your blog or website or landing page won’t click your LinkedIn social icon and connect. But they might follow you on Twitter or Facebook or YouTube. Don’t let these people drop off… you want to connect with them where it matters most to your wallet — LinkedIn.
Having a popular blog that you update regularly is key… you want more chances to reach people. The more people visit your site the more qualified users you can reach out to on social media.
I don’t believe in true copy/paste templates. But something more or less that covers some areas.
LinkedIn Networking Connection TemplateHi [contact name]. I noticed you follow me on [social service / email newsletter] and thought I’d connect. It seems we have a lot in common. I’m in [shared or nearby city – if applicable]. I’m also a member / connected to [group, association, activity, etc.]. I’d love to read your thoughts on [anything you think the contact specializes in that you are also interested in] on LinkedIn. Regards, [my name]
What’s interesting here is that you are quickly establishing tribal relationships and giving the connection a little bit of an ego boost because you are letting them know that they have something of value to give to the world – their perspective on LinkedIn.
As an office worker for many years, I can tell you a lot of people don’t really care for our opinions. We show up to work and are a cog in a wheel. One supervisor once told me when I offered project direction, “this isn’t a democracy.” People want to be heard. Let them speak and let them know you are their audience. Be genuine about your interest in them. Your reputation is paramount.
This content appeared first on KenMorico.com.
Being LOUD is a skill that must be mastered now. Being quiet no longer works. There are 8 Billion people on the planet right now. Social media trends are moving to video. Just like learning to write is a skill you need in today’s market, so is grabbing attention. If you have something to say you should care enough to master peacocking so you can amplify your deep thoughts.
This content appeared first on KenMorico.com.
Yes, I think Elon Musk will bring a much needed jolt to the languishing Twitter platform. In a short time, a new record number of users were added. It’s hard to bet against billionaires. Making quick decisions is a skill few can master. Practicing extreme discipline is a skill few can master. Not caring what …
Is Elon Musk Good for Twitter? Read More »
This content appeared first on KenMorico.com.
It seemed like a crazy idea - work outside the United States without a SIM card. Here's why it was a good idea and not crazy at all.
This content appeared first on KenMorico.com.
The world is moving to short-form videos like TikToks, Instagram Reels, and YouTube Shorts. Video is grabbing all attention.
This content appeared first on KenMorico.com.
No longer do you have to post a link and see it wiz by your followers. Add it to a thread and let it live... FOREVER.
This content appeared first on KenMorico.com.
Sometimes new challenges come into your life that force immediate change. How did I handle it?
This content appeared first on KenMorico.com.
Award-winning audit services for Web dev, SEO, social media, and digital marketing strategy. Fortune 500 clients. Houston / New York / Los Angeles based.
This content appeared first on KenMorico.com.
The complete guide to separating your personal and business Facebook world with strategies and tools.
This content appeared first on KenMorico.com.
despite trying every tactic to get reach, your wheels are spinning and your social accounts are getting no traction. You need discipline, NOT tools for social media management. Let me explain why.
This content appeared first on KenMorico.com.
Our world is getting busier and noisier. It’s near impossible to stand out with Google and social media algorithms. A multitude of TV streaming services and social media rabbit holes seduce us and suck our time. How can we control our time and get our personal brand noticed?
This content appeared first on KenMorico.com.
If it's on your mind it should be on your calendar. Make goals reality by implementing calendar optimizations.
This content appeared first on KenMorico.com.
I want a Web app. I want a mobile app. I want a desktop app. This all sounds REALLY expensive. And it can be if you don't pick the right technology.
This content appeared first on KenMorico.com.
I don't take sides when it comes to who is welcome on my site. I don't ban people whose governments misbehave. I believe in you. YOU are PERSONA GRATA for me.
This content appeared first on KenMorico.com.
On this podcast episode I talk about working from home on your terms and how athleisure clothing helps you accomplish MORE. Resources REAL Men Wear Athlesiure – Article
This content appeared first on KenMorico.com.
Getting Indexed in Google is Now a Privilege.
This content appeared first on KenMorico.com.
Let's get real: if you can wear what some would call loungewear or a running suit during the work day, it takes some guts. But Covid times have changed perceptions of "work clothes" and clothing makers have delivered a new style of clothing.
This content appeared first on KenMorico.com.
Cryptos are fair-weather assets. Buy accordingly.
This content appeared first on KenMorico.com.
Don't squint! Your 4K monitor can be tweaked so you get the whole picture.
This content appeared first on KenMorico.com.
You are in someone else's window display. Are you fed up? OWN YOUR OWN STORE and BULLHORN.
This content appeared first on KenMorico.com.
Increased energy. Increased sense of self-worth. More productivity. Better health.
This content appeared first on KenMorico.com.
Small and large businesses that had an easy time generating revenue using Facebook Ads will now have to shift. What will they do?
This content appeared first on KenMorico.com.
When I travelled to New York in mid August of 2021 I was expecting great things from the “new” LaGuardia Airport.
This content appeared first on KenMorico.com.
How can you leverage Cryptocurrencies / Bitcoin to keep your business afloat? We'll explore five ways.
This content appeared first on KenMorico.com.
What's the best solution for someone that wants lots of space but doesn't want multiple monitors & operating system quirks?
This content appeared first on KenMorico.com.
Are cars for suckers? Given the huge expense of vehicles in the U.S. and cultural shift due to the Coronavirus pandemic you might think that. I do. And I own 2 cars.
This content appeared first on KenMorico.com.
In this must-listen episode of the Ken Morico podcast I talk with Captain Rock about flying in a Covid-19 world.
This content appeared first on KenMorico.com.
This podcasting guide covers: voice, technique, software, equipment, & platforms.
This content appeared first on KenMorico.com.
Want to buy a new iPad Air and pay nothing for it? Kill your voice service. It's possible -- right now. I show you the tools and tricks to make it happen and fatten your wallet.
This content appeared first on KenMorico.com.
Has your life gotten hammered by a job loss, general uncertainty & anxiety, or disrupted daily routines? 5 strategies for thriving!
This content appeared first on KenMorico.com.
Want to expand your reach with a limited budget or you already have tons of cash and want to effectively scale up? Impacted by Coronavirus and looking for creative ways replace people with software processes? Ken Morico and Ty Weaver have some ideas...
This content appeared first on KenMorico.com.
Motivation, time and energy. Under the coronavirus quarantine, do you have more of these things or less?
This content appeared first on KenMorico.com.
Growing up, my mother and Grandmother made a special pasta dish just for Christmas Eve dinner. Being young, I didn’t realize what made this pasta special, but I knew it was reserved for a special occasion…
This content appeared first on KenMorico.com.
Working nomadically is a challenge -- a challenge to create multiple streams of income, a challenge to direct your life in a way that will enable freedom. I outline to to do it - LOCALLY.
This content appeared first on KenMorico.com.
Working in a home office and need some company but not sure if a dog will be a good fit?
This content appeared first on KenMorico.com.
Many people will hear that organic SEO is free. That's true - it's just time. So what's the best use of time if you have great content prepared and published? Link building.
This content appeared first on KenMorico.com.
My brother exposed me to a newer feature in MailChimp that allows you to resend an email campaign to people who didn’t open the first campaign you sent. At first I was skeptical.
This content appeared first on KenMorico.com.
So yeah, I look like a NUT. It was November 14th in Houston and it was 30 degrees. I had already walked 3 miles and went to a Tai Chi class. After class it was dark and I started to walk home. A few things I noticed about this night that stood out.
This content appeared first on KenMorico.com.
Something struck me as I was checking out my Web stats. People are more interested in learning about you through your Instagram feed than via Facebook or Twitter. This is a recent change and you, as someone with a business or presence on the Web, should take care to build an expressive Instagram profile.
The Case for Producing Instagram Content Why are people so interested in Instagram and why is it now at a tipping point? I think there are several reasons:
- People are frustrated with the noise and abuse on Facebook and Twitter
- Instagram is simple to use and many of the photos are high quality
- Hashtag functionality works well and it’s easy to find public photos on any topic
- Instagram can give you an “insider’s view” of peoples’ lives
- It’s easy to follow celebrities and they tend to post a lot on Instagram
- Instagram filters and Instagram TV (IGTV)
Instagram gives you the opportunity to express yourself — visually and only visually. And I think that’s what makes it so fun and also so challenging. It’s not easy to come up with great photos. It’s much easier to type 140 characters on Twitter and not worry about framing, composition, lighting, and color saturation. But great photos are what people WANT. If you care about your audience, make it happen.
Content Reuse Like content for other social media networks, Instagram content can be remixed for use on other social platforms. This saves you time. The trick is finding the right social network for the content. Since Twitter is a very public network and because Instagram is public via hashtags, they make sense for cross-posting content. Facebook can also be a candidate for cross-posting.
You’ll want vertical video for Instagram, so cross-posting will be a bit harder for video, but you can set up a “session” or plan a day of “episodes” and create content for all platforms at the same time while you have the setting and lighting right for your message.
Think you need to be genuine in your use of Instagram with instant pictures taken by you? “I’d assumed two things about the beautiful people of Instagram. First, I figured they used the service the way Instagram suggests—that is, snapping pics and immediately sharing them with friends. Second, I assumed they took the photos themselves. Neither was true.” Max Chafkin wrote in his experience turning from a regular guy to Instagram influencer with the help of an influencer agency.
Here’s my Instagram photo that my friend took of me on a Bird scooter.
Yes, I was on a scooter having fun, but I wanted you to see it too, so it was partially staged.
Show Me the MONEY! Show me the money. Show ME the MOney. SHOW. ME. THE MONNNNEEEEY! Instagram is about getting your Jerry Maguire on and getting a little crazy, but ultimately, it’s probably about the money. Why? Instagram is also considered a public relations tool. It’s a representation of YOU to the PUBLIC. Chances are, you make money in part by how you act, look, or present yourself. If you sell something for a living, people might want to know more about you before they are comfortable with you. In fact, it’s been said that people do business with those they “know, like and trust.” What better way to achieve familiarity than through Instagram posts? Images can be so powerful and convey so much in a short amount of time, as well as communicate to people of all income, status, or education level… as well as those who speak any language in any country.
So what makes for interesting photos that might make me want to do business with you or just generally like you? For me, it would be new and different photos of food, travel destinations, aspirational photos, and photos that show you are just living life and having a great time. For other people, it might be that they want to see artistic photos or photos that show you volunteering or participating in a political rally or protest. Everyone is different, but chances are, someone will feel very strongly about one of your posts. Once someone feels comfortable with you and likes you anything is possible in sales, business, life… heck, even free beer or hugs.
Resources * Confessions of an Instagram Influencer | Bloomberg Article * How to Win Friends and Influence Others | The Classic Influencer Book / Manual
BuzzFeed Instagram Famous Here’s an interesting video from BuzzFeed that shows the Instagram fame journey.
This content appeared first on KenMorico.com.
Trading is stressful, so you’ll need to manage the stress. Supplements keep your mind sharp and body healthy. Multivitamins, Vitamin D, and Ginseng are worthwhile investments. Ginseng will keep you alert and very focused. It keeps you alert like caffeine but gives you more brainpower. Speaking of caffeine, I love K-cups, and the Keriug brewer. For a while I thought it would only make weak coffee, but certain brands like Peet’s changed my mind. Also, the newer brewers allow you to brew stronger cups through strength settings.
Chances are you’ll spend a lot of time at home since you live in your office. I use Bowflex free weights to work out at home. You can do so many exercises with them and they are compact and well designed.
I will say there is some amount of luck in trading, but more so than luck I would suggest having some kind of spirituality. There is an uncanny rhythm to the market that suggest something supernatural is in place. Having some prayer / mediation / mindfulness time will help you focus and look at your positions from a distance you wouldn’t normally see.
Since trading gives you so much flexibility with time, it’s a good idea to create a side business that is also flexible. The reason you want a flexible side business is that markets can change quickly and you need to be able to react if you need to. Since you will have a lot of money tied up in your investments and trades your trading business must take priority. Many times I have lost tens of thousands of dollars simply because I was doing something else while markets moved. I delayed making necessary adjustments. Don’t delay!
So what kind of side business is best? Whatever you are interested in. Whatever your interests are, I’m sure you could create a blog about that interest. Blogging is a great side business and is the perfect compliment to trading. Flexibility is key.
This content appeared first on KenMorico.com.
Being a professional trader means you will need to fund your own IRA. Hopefully, you have some money to fund your IRA already. The great thing about IRA accounts is that you purchase nearly any stock product and sell options against your stock positions.
What’s great to buy for an IRA account? SPY. It’s what Warren Buffett recommends and for good reason. It’s a set it and forget type of stock, as it represents the S&P 500. Over the long term the S&P 500 has never lost money, and in fast averages around 8%/year.
Your retirement account can grow on its own without any transfers.
@KenMorico
So, how do you juice your IRA account while staying conservative? Sell call options on your stock positions. Sell them every 30-45 days. What can this do you for you? It should generate additional retirement income to the tune of about an extra 20% of your entire portfolio amount. What does this mean? It means if you have an IRA account size that is significant, you’ll never need to transfer money into the account. It can grow on its own. Plus, with SPY, you’ll get a 2% dividend.
This content appeared first on KenMorico.com.
When I transitioned to trading full-time I always suspected, but came to realize that you don’t need nearly the amount of money you think you do make a living.
When you have a flexible schedule, many of life’s essentials are actually half the cost.@KenMorico
Here are some things I’ve found:
- Airline tickets are half when you are flexible and particular dates don’t matter.
- When you work at home you don’t go out to restaurants as much – you can eat healthier, pay half, and save money on gas (without the stress of driving).
- Health insurance is a big cost, but the Affordable Care Act subsidizes the cost of health insurance – I have a comparable HMO plan to my previous employer subsidized plan for half the cost of the full PPO plan. You just need to be ok with using an HMO plan. In all honesty, even my best employer-subsidized plans didn’t pay for a lot and I still had to plan a lot out of my own pocket for the plan. As health care grows more expensive, employers are paying less.
- Do you need a car? If you work at home and live not too far from a downtown area you use Uber and public transportation and get rid of a car. Average car ownership costs are over $8,000/year. Even if you decide to keep your car, with gas rising quite a bit you will save a lot on commuting costs. Plus, you can lower your insurance premiums by reducing coverage. Personally, I much prefer taking an Uber or even public transportation compared to driving.
- Have you checked your mailbox? Quality restaurants are sending direct mail coupons. The deal? Usually 50% off. Say you save $40/month, compounded over 10 years is $5300.
- Costco! Buying in bulk from Costco lowers the cost for most household supplies. I would say you can save 50-70% off in most cases. Costco is great for single people too. I would estimate I save $2,000 -$3,000 buying from Costco. Get their credit card and join their higher-tier Executive membership.
- Do you like to use Amazon.com? Add essentials to your wishlist and check it throughout the day. Items will randomly go on sale for up to 50% off. You just need to be available to purchase at the right time.
- eBay – sell some items around the house. If you’re like me, you have a lot of items around the house you no longer use. eBay is a large marketplace where you can get fair prices for your items. Aside from the extra money you’ll make selling items, it feels great to clear your space. Also, you’ll feel good knowing your items will find a good home. Many people on eBay need discounted items and will be grateful to receive them.
This content appeared first on KenMorico.com.
Can you trade for a living? Don’t you need a lot of money? Isn’t it dangerous? Listen to your gut — yes, you can do it.
Like taking on any other new business, as an entrepreneur you need to make the decision to commit to it as a career and lifestyle choice. If you’re working now, realize that you can’t be truly successful in trading without making it your full-time job. Markets move too fast for you to be doing something else at another job or in a meeting. While you are at lunch, your portfolio could drop $10,000. Attending a company training session with no smartphone access? A terrorist incident happens and you just lost 15% of your portfolio. What’s your strategy?
When I was working full time as a developer I often made poor trading decisions because I didn’t research enough or I panicked because I didn’t have time for formulate strategies for capital recovery.
Full-time Trading Life Overview I have created a list of must haves / tips for full-time trading that I personally have needed and used:
The Transition to Full-time Trading * Prep your finances for the exciting journey * Living on 25% of the Income That You Think You Need * Get trading income goals
The Trade Setup * A set aside amount of capital for trading that can be completely lost – minimum $50,000 USD * Savings for 6 months of living expenses while learning trading and get your sea-legs for trading in the groove * Figure out a bare-bones budget and use Mint.com to see where your money is going and where you can make large cuts. * A brokerage account with margin and futures trading privileges * An IRA with margin / option and spread trading (for retirement income — you won’t have a 401k plan with employer matching)
Making the Trades * A full understanding of major technical trading indicators * A trade overview page with watch lists for major indices * An alert system to notify you of extreme market conditions or your price targets
Early Morning / After Hours Life * Tools to get you mentally fit for the stress of trading – supplements, exercise equipment, coffee, spiritual nourishment * Some kind of side business to occupy you during trading down time and provide extra income
Weekly Trading Tasks * Alerts, trading income spreadsheets
The Transition to Full-time Trading If you’re like me, you’re thinking of trading full-time but wondering if you should leave your job and jump to a profession many would consider extremely risky. I would say that you need to get yourself financially prepared before you make the transition. If you can, pay off your house, pay off your cars, and have no debt. It will make it much easier to live off of trading income because your expenses will be low to start with.
Realize that when you have no commute, virtually no office expenses, and virtually no overhead, living off of trading income is VERY possible. In fact, I’ll say it’s the best job anyone can have. Think of the freedom that comes with trading full-time:
- Hours are very flexible – in many cases markets are open 24/5.
- You can be location independent – you can trade from anywhere in the world.
- You have no supervisor. You literally call the shots.
- In some cases all you need is a smartphone.
- You can estimate weekly income (but realize there will be large fluctuations).
- Work as little as 8 hours a month.
- Have the opportunity to have additional side businesses for the security of multiple streams of income.
- Possibly lower tax rates (1256 contracts – Any gain or loss from a 1256 Contract is treated for tax purposes as 40% short-term gain and 60% long-term gain.), Long Term Capital Gains, and Dividend income all get special, potentially lower tax treatment.
- Pay no social security tax on passive investment income (You should have some social security funds from your previous positions when the time comes for you to retire).
- Have massive amounts of time to spend with your kids, spouse, or significant other.
- THERE IS NO CAP ON HOW MUCH MONEY YOU CAN MAKE.
I don’t know many jobs where you can have truly unlimited income. And also realize you can trade smaller amounts and take less risk. If your expenses are low there is nothing wrong with that. You don’t need to knock it out of the park. Just make a living, right? But living on your own terms and doing whatever you want is knocking it out of the park, no matter the income.
Living on 25% of the Income That You Think You Need When I transitioned to trading full-time I always suspected, but came to realize that you don’t need nearly the amount of money you think you do make a living.
When you have a flexible schedule, many of life’s essentials are actually half the cost.
Here are some things I’ve found:
- Airline tickets are half when you are flexible and particular dates don’t matter.
- When you work at home you don’t go out to restaurants as much – you can eat healthier, pay half, and save money on gas (without the stress of driving).
- Health insurance is a big cost, but the Affordable Care Act subsidizes the cost of health insurance – I have a comparable HMO plan to my previous employer subsidized plan for half the cost of the full PPO plan. You just need to be ok with using an HMO plan. In all honesty, even my best employer-subsidized plans didn’t pay for a lot and I still had to plan a lot out of my own pocket for the plan. As health care grows more expensive, employers are paying less.
- Do you need a car? If you work at home and live not too far from a downtown area you use Uber and public transportation and get rid of a car. Average car ownership costs are over $8,000/year. Even if you decide to keep your car, with gas rising quite a bit you will save a lot on commuting costs. Plus, you can lower your insurance premiums by reducing coverage. Personally, I much prefer taking an Uber or even public transportation compared to driving.
- Have you checked your mailbox? Quality restaurants are sending direct mail coupons. The deal? Usually 50% off. Say you save $40/month, compounded over 10 years is $5300.
- Costco! Buying in bulk from Costco lowers the cost for most household supplies. I would say you can save 50-70% off in most cases. Costco is great for single people too. I would estimate I save $2,000 -$3,000 buying from Costco. Get their credit card and join their higher-tier Executive membership.
- Do you like to use Amazon.com? Add essentials to your wishlist and check it throughout the day. Items will randomly go on sale for up to 50% off. You just need to be available to purchase at the right time.
- eBay – sell some items around the house. If you’re like me, you have a lot of items around the the house you no longer use. eBay is a large marketplace where you can get fair prices for your items. Aside from the extra money you’ll make selling items, it feels great to clear your space. Also, you’ll feel good knowing your items will find a good home. Many people on eBay need discounted items and will be grateful to receive them.
Trading Income Goals When starting out, what are some trading income goals to shoot for? What about some key areas:
– U.S. minimum wage: $15,080/year ($1,257/month)
– U.S. average individual wage: $44,564/year ($3,714/month)
– U.S. household average: $59,055/year ($4,921/month)
The Trade Setup Before you can start trading full time, you need capital. How much? My recommendation is $50,000. If your income goals are low, like U.S. minimum wage or thereabouts, $25,000 might do. You’ll need to set aside living expenses while you learn to trade professionally. 6 months is ideal. If your expenses are really low, 3 months might be ok. The last thing you want on your mind when trading professionally is to think about living expenses when trading can place tremendous stress on you.
Before you can know where you want to be with trading, you need to know where you are. Know your net worth and figure the kinds of losses you can sustain. The best tool for net worth calculation is use Mint.com. You can link your brokerage accounts and keep track of trading progress, but I’ll explain how to create your own trading income spreadsheet later.
Brokerage Account Privileges What really catapulted me to making real income from trading was three things: futures, options on futures, and option rolling strategies. Futures provide great liquidity in the marketplace so you get fair pricing. Trading stocks usually carries higher commission fees because you’ll need to trade more stock and stock options because the product size is a little too small for professional trading.
What to trade? As a beginner trader you want to trade products that won’t scare the daylights out of you. What products are those? Major stock indexes, bonds, and possibly REITs. Individual stocks CAN GO TO ZERO. Remember, bad things can happen to companies. Their products could poison people. A car company could have a defect that suddenly comes up and brakes no longer function. Self driving features can steer people into concrete barriers. ANYTHING CAN HAPPEN. With stock indexes, you completely take that risk off the table. Volatility is much lower with stock indexes. You won’t find 10% moves in a single day. You’ll often have time to adjust trades that go against you.
To trade large products like futures, you’ll need margin, option, and futures privileges. Apply for these privileges with your broker. They may want to see that you have a net worth that can sustain some losses.
What About My Retirement Account? Being a professional trader means you will need to fund your own IRA. Hopefully, you have some money to fund your IRA already. The great thing about IRA accounts is that you purchase nearly any stock product and sell options against your stock positions.
What’s great to buy for an IRA account? SPY. It’s what Warren Buffett recommends and for good reason. It’s a set it and forget type of stock, as it represents the S&P 500. Over the long term the S&P 500 has never lost money, and in fast averages around 8%/year.
Your retirement account can grow on its own without any transfers.
So, how do you juice your IRA account while staying conservative? Sell call options on your stock positions. Sell them every 30-45 days. What can this do you for you? It should generate additional retirement income to the tune of about an extra 20% of your entire portfolio amount. What does this mean? It means if you have an IRA account size that is significant, you’ll never need to transfer money into the account. It can grow on its own. Plus, with SPY, you’ll get a 2% dividend.
Making the Trades What does a trader need to make educated trades? A few technical tools available from trading software is a great start.
- MACD (Moving average convergence divergence) is an important one. It lets you know if prices have generally been trending up or down over a period of time. It’s a slow indicator that gives you sentiment and price action. When the indicator moves from red to green, prices are trending higher and probably likely to stay that way. Conversely, if the indicator moves from green to red prices are moving down and will probably stay that way for a while.
- MFI (Money Flow Index) – an oscillator that moves between 0 and 100. Above 50 and money is flowing into a stock. Lower than 50 money is flowing out. 20 and 80 and key points, with 10 and 90 having real weight for imminent change.
What’s the market doing? You’ll need some watch lists to see where the market is going. What’s on the watchlist? Major stock indices, oil, bonds. Most trading software platforms allow you to create a watchlist. Some recommendations: SPY, IWM, QQQ, USO, IEF, TLT.
Everyone Needs Alerts Since most of your days probably won’t be trading because your positions won’t need 24 hour maintenance, you’ll want some piece of mind. How? Alerts. Set alerts to notify you of key price points for levels of support and resistance for stocks. When they break, have the trading platform send the alert to your phone so you can take action. Markets move fast, so you want alerts. Realize that a lot of trading is done by computers are stocks can quickly move up or down. Make sure to have a strategy when the alert fires, but be suspicious in case it is just algorithm trading. Volume can be a good indicator to see if moves are real. If it’s summer or a holiday week have healthy skepticism.
Early Morning / After Hours Life Trading is stressful, so you’ll need to manage the stress. Supplements keep your mind sharp and body healthy. Multivitamins, Vitamin D, and Ginseng are worthwhile investments. Ginseng will keep you alert and very focused. It keeps you alert like caffeine but gives you more brainpower. Speaking of caffeine, I love K-cups, and the Keriug brewer. For a while I thought it would only make weak coffee, but certain brands like Peet’s changed my mind. Also, the newer brewers allow you to brew stronger cups through strength settings.
Chances are you’ll spend a lot of time at home since you live in your office. I use Bowflex free weights to work out at home. You can do so many exercises with them and they are compact and well designed.
I will say there is some amount of luck in trading, but more so than luck I would suggest having some kind of spirituality. There is an uncanny rhythm to the market that suggest something supernatural is in place. Having some prayer / mediation / mindfulness time will help you focus and look at your positions from a distance you wouldn’t normally see.
Since trading gives you so much flexibility with time, it’s a good idea to create a side business that is also flexible. The reason you want a flexible side business is that markets can change quickly and you need to be able to react if you need to. Since you will have a lot of money tied up in your investments and trades your trading business must take priority. Many times I have lost tens of thousands of dollars simply because I was doing something else while markets moved. I delayed making necessary adjustments. Don’t delay!
So what kind of side business is best? Whatever you are interested in. Whatever your interests are, I’m sure you could create a blog about that interest. Blogging is a great side business and is the perfect compliment to trading. Flexibility is key.
Weekly Trading Tasks You’ll need some preparation for the week ahead. I usually do my trading tasks on Friday afternoon.
Alerts Like I mentioned before, alerts are key. If an alert doesn’t fire, everything is going smoothly. Just relax. Since your alerts are likely to fire during the week, you can recreate them when they fire, or recreate them during your Friday strategy session.
Weekly Strategy Session I like to plan a weekly strategy session on Fridays where I can review charts and get ideas for the week ahead. I read news and deeper articles about indices and stocks. I gauge sentiment on social networks and forums.
Trading Income Spreadsheet You need to measure how you’re doing. That’s where spreadsheets come in handy. For my spreadsheet, I measure each week – where I started, where I ended, any deposits, and any withdrawals.
As the weeks go by, you’ll see that you are making money or losing it, but having some organization will make you feel more comfortable with the risks you are taking.
It’s important to look at your trading income over several weeks, not each week at a time.
Some weeks will be huge – up or down, but when you look at the average income you’ll start to feel that trading for a living is possible. It just takes belief in yourself and trading discipline!
Go forth and trade!
Bookmark this page and revisit as new content will get added soon!
This content appeared first on KenMorico.com.
Color has long been known to be a stimulant. In fact, the color yellow in particular has been shown to entice children (Legos, for example). I think we live in a world where we want fewer distractions and more focus — for several good reasons.
- Our time on this earth is limited, we need to make the most of it.
- We can be more productive if we are forced to focus. Recently, I have totally blacked out the second monitor on my desktop computer so I am forced to focus on one task, but realize that the other monitor is there if I need it. So many apps now have “focus” mode or “Zen” mode or “fullscreen” mode. Take advantage of it. If you’re not too distracted you might thank me… #GrayPhone
This content appeared first on KenMorico.com.
Hal Werner and I discuss the viability of Snapchat as a social media platform. Note: Ken and Hal are not financial analysts / professionals and have no long or short position in Snapchat shares.
Audio Only https://kenmorico.com/wp-content/uploads/Snapchat-Going-Silent.mp3
This content appeared first on KenMorico.com.