What Option Traders Don't Tell Their Wives

By Donald Scott

Earlier, I had a motivating talk with an option's investor who is still looking for for the key strategy to earning constant returns with option investing. He understood several things which were so well-known to me also.

One thing that stood out was when he said "Non-directional option trading doesn't mean we can make money in any direction. It means that we make money if the underlying doesn't move in any direction. In other words, it's still a directional trade, sideways." This is correct, and most people advertise that it's easy to make money with options because we can make money on any direction. This is true in some respects and not true in others.

Those investing with Condors understand what I am saying, especially if you are investing in the Iron Condors which most programs and written materials preach. If you are investing with this option strategy during 2008 and 2009, you most likely aren't doing much good. The reason for this is that the Iron Condor is just as directional as other option positions only that its direction is called "Sideways." For most traders, it's just as difficult to forecast a neutral move as it is to predict an upward move or downward one.

So many option traders have called me recently to tell me the same thing. "I was doing great with Condors and Credit spreads for a few months, but then last month I lost nearly my whole trading account." This is so common amongst option traders in today's market.

This is the reason why I don't push the popular Iron Condors, Bear Calls or Bull Puts. If you are a couple days from expiration, and the RUT is really near the sold strike, then at that moment you are in a very risky position. I'll remind you that this is the same risky method that many other investors are using to manage this option spread. Shortly all of your friends will be hearing the same story, but you won't be sharing this news with your wife! You smile at the moment, but you won't be if it happens to your trading portfolio. Another sad thing about this investing style is that the fear level is so astronomical that it really hurts your personal life. It makes it tough to sleep or even just relax each day.

Well, San Jose Options Mentoring has really changed the Condor and Credit Spreads that the usual investor is attempting to trade today. While others come into expiration sweating it out, worrying about the market moving past their short strike, we are relaxed, sleeping at night, and trading options in a much safer environment.

Constructing safe trades to begin with is a priority and will improve anyone's trading skills and returns, but another strategy that we've been working hard on lately is locking in profits. We have techniques to lock in profits on nearly all the trades that we do. It's one of the best things you can possibly learn as an investor.

Furthermore, if we ever have a Condor move against us, then we have developed yet another technique which gives us a free bonus trade! So, even though we may have a bad month once in a while, at least we get an excellent, free trade from it where most traders just take the loss and move on.

So there you have it! Whether it's a winning trade or a loser, we have really developed some nice trading tactics that can improve your personal trading immensely. - 32544

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Risk Management Consultant And What Do They Have To Offer?

By Paul H Jones

We live in a very uncertain world. Everyday in our routine work, and lifestyle, we are vulnerable to various risks, and liabilities. We can manage, and avoid many of these adversities personally. Although, like environment, our businesses, things, and us that are vital for our survival, are also at risk at most times from various known and unknown factors. This is where Risk Management comes into effect.

Risk management is the detection, assessment, and ranking risks, followed by synchronized and cost-efficient submission of reserves to reduce, manage, and to be in charge of the possibility, or contact of unfortunate proceedings. Risks can get nearer by imprecision in monetary markets, plan crashes, permissible liabilities, credit threat, calamities, natural reasons, and tragedies as well as planned attacks from an adversary.

Techniques, characterisation, and ambitions vary extensively according to whether the risk management method is in the framework of project management, security, engineering, industrial processes, financial assortment, actuarial assessments, or public health, and safety. The line of attack to manage risk include reassigning the risk to another party, avoiding the risk, reducing the downbeat effect of the risk, and accepting some or all of the penalties of a meticulous risk.

There are not many people who know about risk management, and few who work, and study in this sector are known as RM Consultants. In any good organisation, there is definitely a post of risk management consultant who works in the resource panel. You might not see these consultants very attractive as compared to supervisory staff in the office, but these risk management consultants are paid high salary, because they are actual brains behind improvement of any procedure of the company.

The job of risk management consultants is to expose, analysing, and evaluating risks. They make recommendations regarding various business sectors. These cover business improvements, administrations, loss controls, and various financing mechanisms. In addition, they manage marketing and selection of business insurances, and hazard related services.

In addition, they provide ongoing counselling and specialised services such as claiming audits and review, over viewing of safety programs, serving as expert witnesses, litigation support, and valuation of third party administrators. Other services include enslaved probability studies, captive management, loss amendment aid, broker selection, broker review, agent selection, agent review, disaster planning, employee benefits, and providing evaluations of potential risk, and losses to business professionals.

As independent professionals, risk management consultants provide standpoint, and objective investigation, and are not troubled with monetary profit, or loss. They present reporting concerning market factors to their consumer, in accumulation to working with other business professionals such as accountants, and lawyers. Overall, there are no commissions concerned in a risk management position.

Risk is an important part of our lives, either it is in sports, or in business. Without risk, we cannot make progress in this competitive world. It is good to be careful, but every now and then, we have to take risk. The job of risk management consultant is to advise the best time, and occasion to take risks. A risk management consultant is always a good addition in any business venture. He/she helps the business in solving daily business issues, and predicting any future troubles. - 32544

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Tips On How To Reduce Accidents At Work

By Paul H Jones

Accidents at work can happen to anybody at anytime. Specific types of accidents can be more common than others, in certain environments. It is the duty of your employer to minimize the risks of accidents as much as possible because a large number of accidents can often be put down to employer negligence. It is very easy to understand that accidents always occur from time to time so you should try to take some precautions for this. Many types of accidents can happen across a vast amount of workplaces, which can include offices, warehouses, construction sites and factories as well as shops.

You will be surprised to know that one million estimated injuries take place in the UK workplaces every year, and the shocking fact is that a vast majority of these accidents is avoidable. It does not mean that they are not careful. In spite of the huge improvements in health and safety, along with an ever-increasing list of safety rules, the workplace still remains a dangerous place.

The work places in the UK suffer from almost one million injuries every year that could be easily avoided. This trend of accidents seems to go on, despite of the huge improvements that have been introduced in many work places in terms of regulations and safety manuals. Despite all this and the careful behaviour from employees, the fact remains that work places are dangerous sites, where accidents continue to occur.

As some types of accidents are more likely to happen than others, they should be cautioned against. Overall, the responsibility of providing adequate safety to the employees rests on the shoulders of the employer. For starters, he must make sure that timely and efficient evaluations are taking place of the health and safety regime and the risk management at the work place. He must ensure that the rules and regulations in relation to health and safety are being taken seriously by all the employees. This includes the equipment that is handled by the employees, which should be in workable condition. The employer must know that all of his employees have the necessary training to carry out their job and in a manner that the risk of accidents is reduced with the proper following of the rules and security protocol in place.

The accidents at workplace could be greatly reduced if the management is efficient. There are a few important measures that could be taken, which would ensure a reduction in their occurrence. For starters, the managers should identify and make note of all the potential ways through which accidents can occur in their work environment and the employees which are vulnerable to them. After this, the likelihood of each of these accidents should be estimated, and caution against these accidents should be prioritized according to this list. It cannot be emphasized enough that management must take essential steps to reduce the occurrence of accidents and make this task a priority.

Once all the possible ways, through which accidents can occur, are identified, the management should come up with the ways to stop them or counter them. The preventive and protection measures should be taken with the use of a prioritization plan. The nature of each job should be well-known so that it is clear to all the employees as to who does what and when. This allows them to understand the best way in which they could do their job, in the safest and most secure manner possible.

All the measures should be reviewed at regular intervals to ensure that they remain up to date. All the measures have to be revised whenever significant changes occur in the organization, or after the findings of an accident or near miss investigation. - 32544

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How To Avoid A Change Control Breakdown

By Adam Huang

There are many industries that require businesses to meticulously track and record their change control processes, which is why many of those businesses are turning to change control software to help them streamline their procedures and avoid the breakdowns that can damage the company's returns. If you have the right software integrated in your system, though, those breakdowns don't have to happen to you.

Communication is central to change control processes. However, company communication about change control processes is not always the best. For example, a company decides to use a paper-based system. This company wants to save money and to avoid the hassle of looking for effective change management software. The company does manage to save money at first, but its employees also spend more time doing the work.

These employees will spend their time trying to find the right people or gather the necessary materials for the creation, routing and approval processes. As they run around, moving documents by hand, SOPs can be left around and cause confusion over which documents are the most recent. Then there is a definite lack of accountability among the employees, and it can all lead to a serious breakdown in processes.

Consider another company that uses change control software. They can control the entire process online and still meet all the FDA, ISO, EMEA, Sarbanes-Oxley compliance regulations. All of this company's change control procedures will be connected so that their CAPA, audit, training, and customer complaints applications will work seamlessly together. This is how companies can automatically take care of their creation, routing, and approval processes.

There are also training procedures that are connected to change control documentation and regulations. These training procedures can affect every part of the company. If there is a company using a paper system, it can take hours of manual labor to get the documents to the right people and secure the right approvals before anyone has a chance to implement the new training.

Then, when the employees receive their training documentation for new procedures, they may forget to dispose of old SOPs or fail to locate them. That can cause a lot of confusion because employees might forget which document is the most up-to-date, which parts of the training they need, and whether or not there will be an exam later.

If another company were to choose change control software, they can automatically route and get approval for the final SOPs by the people specified when the system was set up. It will also inform the right people about outdated documents and any updating that needs to happen. It will also specify when and where the training will occur, and if there will be a test later.

It's really no wonder that some companies are handling change control with ease. They are the ones with access to change control software. Start searching for a flexible change control software solution for your own company and save yourself lots of time and even more headaches. - 32544

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Being Healthy And Safe In The Workplace

By Paul H Jones

Many factors contribute in the success, or failure of a business. The most important factor among all in the success of any business is its employees. You can regard the employees of any organisation as its greatest assets. The employees as asset do not lose their value like any other materialistic thing.

Initially when a business starts, employers look for employees, which will benefit towards the growth of the business. After a series of interview and test procedures, the employers select employees who blend well with the organisations demands. The selected candidates are then provided training, and information about the company procedures.

After all the effort that you have put in to make them your best resource, you certainly do not want to throw them away or waste them in any way. An employer does everything to make sure that all his employees are well taken of. He ensures their safety and health during work.

It is imperative for the employer to work out on a plan to provide security, and good healthy working conditions to its employees. It is very common at a workplace that an employee is injured. Mostly, in factories, industries, and laboratories, the employees are susceptible to such machines that can harm employees.

Machinery or heavy equipments being used in factories by workers can be dangerous for them, and any mishandling can harm them. Even in laboratories, various chemicals are exposed to the workers, which can hurt them if they are not well equipped. For the health and safety of employees, regulations and laws have been set up by the state as well, which are mandatory for companies and employers to follow.

Therefore, the state has also set up some laws regarding the health and safety of the employees at a workplace. All the employers need to follow these laws in their establishments.

Every workplace should have a first aid box. In addition, it should also have equipment like eyewash showers. An eyewash shower is very much necessary in factories, and mills. The eyewash stand works to help people to wash their eyes if something gets into their eyes during working. This equipment should also be installed according to the standard guidelines, which are stated in the law.

If any employee gets a harmful chemical in his/her eye, he/she should at once wash his/her eye. Therefore, companies at the workplace should install such facilities. Each employee should also be informed, and should be trained about the proper handling of heavy machinery and tools, in order to avoid any hazards. It is the responsibility of the employer to ensure that all employees are operating the machines as per the safety measures.

The company should provide customised clothes and accessories such as masks, helmets, and others to each employee. In case an emergency occurs, each employee should be able to handle the situation. Therefore, employers should inform their employers beforehand.

It will be beneficial for the company if the employees know about safety measures before an accident occurs. - 32544

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How to Manage Risk in Healthcare Institutions?

By Roberta Broyles

A lot of hospitals are now engaging their employees into getting risk management certifications that they can then use to better manage risks in their hospitals. In order to understand the need for and the importance of such a certification in the healthcare industry you need to first understand what does risk management signify.

Risk management means firstly the understanding of risk. Next comes the prioritization of risk which is in turn followed by the efforts to reduce and control the probability of risk by applying all the possible resources at one's disposal. This technique helps mitigate risks and hence safeguards a business.

Studies have shown that hospitals had to pay nearly 1 million dollar in damages as a result of all the suits that arose due to negligent employees. Most health care organizations are under a risk because of the negligence of their employees.

According to the law the hospital needs to hire people after "due diligence". This means that they need to ensure that employees do not have a criminal background before they are hired. If you have someone on the staff with a risk management certification and someone who has the experience with such risks, then small mistakes like these can most definitely be avoided.

An employee with a risk management certification should be hired in health care institutions. This employee should be allowed to develop strategies for management of risk and also to help the rest of the employees in the companies understand the importance of managing risks.

A risk management certification teaches many different methods to assess and identify risks that a healthcare organization might face. Employees are trained to log in incidents that they believe may lead to greater risk. Next, these risks are analyzed at a higher level and worked against.

Observation is considered to be one o the methods of risk mitigation. In this method all the employees are asked to keep a note of all the instances during a normal day, which might expose the organization to greater risk. The risk mitigation team will then sit together to assess and understand these risks.

If an organization has employees who possess a risk management certification and who are well versed with the nuances of risk mitigation, then it can use the employees' skills to create an environment in the institution that mitigates risk to a huge extent. This is because these employees will help the organization to prepare a proper risk mitigation plan and implement it to mitigate risks. - 32544

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