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Wildcats enter 2010 the hard way
The basketball rolled around the rim like ice cream being swirled into a cone at Dairy Queen, but there was nothing vanilla Jan. 4 about the return performance of Providence Catholic's Alison Hoss.
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Who can I ask to sponsor my daughter's baseball team? We tried my hubby's work etc?

We tried my hubby's work, and all the local businesses that we patronize. All the sponsors are taken (it seems). We are new to the whole coaching game and we didn' t know that we were supposed to get sponsors for the hats, equipment, trophys, end-of-season ice cream parties, etc. Anyone who has been through this let me know where I should look for sponsorship. It is a kindergarten baseball team, and we need about $200.00 to get what we want for the kids. Thanks for the info. P.S. The parents have paid their $30.00 for the kids membership and it is discouraged to ask them for any more money, so says the athletic director.

I went through the same thing when coaching my daughter's soccer team. Start branching out to other local businesses that you don't go to as often. Locally owned businesses are the best bet since there is usually a lot fewer layers of approvals required. Good luck in finding the sponsor you need, I feel for you.

Too often, I hear from traders who insist that they "specialize" in a single market. Although they may feel a sense of comfort and even mastery by trading exclusively in one market, this kind of approach is a serious mistake. As day traders, we are interested in profitable markets. But what defines a profitable market has nothing to do with the kind of market it is; rather, it depends on how it is trending. Consequently, a successful trader should commit him or herself to trading trending markets, no matter what they are.

By limiting yourself to only one market, you limit your chances to profit. There are times when a market is trending and easy to trade, but there are times when markets are just moving sideways. The more markets you watch, the more opportunities you get to locate a trend each and every day. As I like to say, "Finding good trades means de-selecting the bad trades," but you can only stay away from bad trades by having a number of sources of good trades.

You can see the problem with only trading a single market with the following analogy. Let's say that you want some ice cream. You walk to the corner store and ask the lady behind the counter, "Do you have ice cream?" The lady responds, "Sure. What do you want: strawberry or vanilla ice cream?" Actually, you were looking for chocolate ice cream, but since you only have these two flavors to choose from, you compromise and pick the vanilla ice cream. That's not exactly what you were looking for, but it's close enough. After all, it's ice cream and you don't walk away empty handed.

Now think about the following scenario: You are in the mood for ice cream and walk into a Baskin Robbins. You say "I want ice cream" and the man behind the counter smiles and says: "Of course! What flavor do you want?" You respond: "Chocolate" and he asks you "Dark Chocolate, White Chocolate, Belgium Chocolate, Milk Chocolate or Truffle Chocolate?" Now you have choices and you will get exactly what you want.

When you are trading only one market, you have limited choices and you will be forced to compromise. After all, you don't want to walk away "empty handed," and you might take a trade that only partially fits your trading plan. You will constantly be forced to settle for a less than an ideal trade because you've limited your options by looking at only a fraction of the available markets. Trading only one market means that you implicitly accept the limitations of that market, allowing it to set your possibilities rather than looking around for the best opportunities available for profit.

Once seen in this light, it should be obvious why trading only one market is never an advantageous strategy. Trading multiple markets is like walking into a Baskin Robbins if you want ice cream. You have many choices and can pick the market that fits your own personal style and trading goals. You will only take the best trades, and, therefore, increase your chances of making money with day trading.

Markus Heitkoetter is the author of the international bestseller "The Complete Guide To Day Trading" and a professional day trading coach. For more free information on day trading visit his website http://www.rockwelltrading.com

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