Online Casino Games Galore!
Casinos are a place where in you can feature the highest quality gambling activities and its emergence has made online casinos a very realistic term. Now you can feature high quality casino games by just sitting in the comfort zone of your home. These online games are many a times known as virtual casino games or internet casino games. It is basically the internet version of a traditional casino for which you have to go to a proper destination. Generally, these casinos are placed in 5 or 7 star hotels, restaurants and on various other tourist destinations including the star cruises. However, the quality you tend to get at such places is stupendous as compared to other land based casinos. Moreover, in order to play such online casino games you need to download well decoded software. Various online companies generally, lease or purchase such high quality software. Some of the most commonly used best quality gambling software is: Realtime gaming, Microgaming, and Playtech etc. This kind of software used for online casino games are not complete in itself as they have to make use of random number generators thus; ensuring that the numbers, cards or dice should appear randomly to a person playing an online casino game.Today, there are thousands of online casino games available and the next time when you want to indulge yourself in any gambling activity then online casino games are at your service. Basically, there are various categories for online casinos and can be categorized in 3 types. They are: web-based casinos, download-based casinos, and live casinos. In the first type the user can play all sorts of online casino games without downloading the software to his system whereas, for the next one to be functional you need to download the right software and this type generally, runs faster than any other one. However, playing casino games in a live casino by just sitting on your computer is a more interesting option. It allows the player to interact with the real world casino environment. A player can also interact with live dealers there.As far as the online casino games are concerned there are thousands of games available including: Baccarat, Blackjack, Roulette, online Poker, online Slot Machines and Craps etc. These are some of the most popular games played in online casinos worldwide. Moreover, some of these casino games are free whereas, for some of them you might have to shell out money from your pocket. There are even practice games for the beginners as well.Now let’s talk about some of the online games in detail. The most popular of all is the Roulette. This game is widely played in every casino around the globe however; before getting yourself involved in any of such games, make sure that you are clear about the guidelines and rules followed while playing that game. Such rules have to be followed sternly especially, if you playing a casino game online. In the game of Roulette a person may choose to play bets on any of the numbers or on a range of numbers. However, there are two types of bets in this game. One is the inside bet and the other one is the outside bet. However, the payout odds for each type are specifically based on its probability. There are different betting strategies and tactics for each and every game. For this we have a Martingale betting strategy. In this the player has to double the bet after every loss. This is not the successful bet whereas, the other one stands for Fibonacci sequence. In this particular strategy, bets are calculated according to the Fibonacci sequence. There are various mechanical strategies as well.Another popular game played on several online casinos is the Online Poker. It is actually played on the internet and this has greatly increased the poker players worldwide. This game is legal and regulated in many countries but, if we look it from the legality point of view then it may differ from other online casino games. The revenue generated from this game is mainly from four different methods. The first is the rake. It is collected from most of the real money cash games. Another one is the pre-schedule multi-table tournaments. Third is that some online poker sites games like blackjack are also offered where the player plays for the real money. Last but not the least almost all online poker sites invest the money that players deposit. In this game incentives are also given to the player in the form of bonus. They are given if certain number of raked hands has already been played. The online rooms especially, for this game operate through a separate piece of software. The most common one is the cross-platform.Another interesting online casino game is the slot machine. There are traditional slot machines consisting of three or more reels and are regularly operated with coins. This game usually involves matching symbols either on mechanical reels or on video screens. Many different slot machines are available worldwide. Some of them are popular video poker machines and are multi-line slots. However, the method of calculating the payouts varies in every machine. In recent years multi-denomination slot machines have been introduced. This machine automatically calculates the number of credits as per the player’s selection.In this era of online casino games flash casino games are also becoming very popular. These are the games created from the Flash technology. Sometimes, these games are also termed as no download games and are much better than the other traditional games. With the assistance of this technology no downloading of software is required in any system. These online casino games have been constantly providing an exciting form of entertainment that enables the players to enjoy great casino games without going to any of the land-based casinos. This innovation of online casinos has made the casino games accessible to people worldwide and have made very easy for you as it is just right away at your fingertips.
How to Manage Managers and Lead Leaders
In a small business, the business leader may only be in charge of a small number of people, all of whom they directly manage. However, as a business becomes successful and expands, with more staff joining the ranks, the business leader might have to employ managers or team leaders to take care of its employees, creating a hierarchy or pyramid structure containing a number of branches or channels. This will inevitably mean that the business leader is then in charge of managing the management team, who are in turn responsible for managing the other employees.While there are obvious benefits to this approach, with a business leader focusing priorities in other areas while managers organise the work and staff, it is important that an element of control, trust and responsibility are exercised by those managers to delegate tasks effectively. While managing staff might be one thing, managing managers is a different game entirely.So what is the best approach to adopt when supervising a management team? Here is a list of methods detailing how to manage managers most effectively:Set clear short and long-term goals: It may sound obvious, but it is imperative that managers know what they are working towards. Be sure to set clear short-term (monthly) as well as long-term (yearly) goals, which are realistic and achievable. If they have failed to meet their targets when expectations were clearly laid out and agreed upon, then they can be held accountable; however, if no clear path has been previously laid out, it is fair to say that their leader is to blame.Do not make plans without consulting them: A manager in a department may have been employed for a particular reason, for example their skill set or knowledge on a certain topic, so imagine their frustration if a decision is made by somebody higher up in the chain of command – particularly if it is an incorrect decision – without checking with them first or asking for their opinion. When working on a business-wide plan which will affect certain managers, be sure to include them. If anything, it should help improve the plan, but also the manager will feel involved.Do not micromanage: A sin of the small business owner who has had to expand. Managers at the top of the chain should not micromanage every nitty-gritty detail of their management team. Managing their staff directly – without going through the manager – should also be avoided, as it could confuse workloads and mess with a manager’s plans. It may be hard for someone who used to control everything, but business owners should understand that managers should be given space to make their own decisions, with influence and guidance, instead of being told exactly how they should manage.Listen to your managers: Managers will not only need guidance and assistance but may also come up with ideas within their own department which may influence other areas on a business-wide scale. Listen to their concerns, listen to their suggestions. A leader who does not listen to his or her managers will never be able to manage effectively, especially if they are too nervous to speak up.Keep an eye on your managers’ staff: Without micromanaging (see above), it is still important to observe a team or department’s progress. Do employees seem unenthusiastic? Are they unhappy? Is there high absenteeism or a high turnover of staff? These could be signs of a bad manager who is upsetting their staff, which could affect workloads, productivity and deadlines.Treat each manager differently: At the end of the day, all people are different, so no two managers will be identical, even if they appear to be similar in the ways they operate. Being able to understand managers and tailor approaches specific to them should be regarded as one of the most effective ways to get the most out of them, which will then disperse into their team or department.
Case Study: How to Significantly Cut Drawdowns Using Market Internals
In 2014, I spent about 6 months in a row with this unique traders tool called Market Internals, exploring its possibilities every single day, searching for new and creative implementation ideas for my own automated trading systems (ATSs). With a real obsession with this concept, I finally found almost 40 new ideas (mostly my own proprietary ideas) on how to squeeze the most out of this great tool, and slowly started implementing many of them into my own trading – with great success.I truly believe that Market Internals can give a trader a small, unfair advantage – if thoroughly thought out and implemented well, especially in new, creative ways. Therefore, in this article, I would like to give you a very brief introduction into the Market Internals world, together with an example of one of my private Market Internals filters – to show you, how dramatic the impact of Market Internals deployment can be – in a favorable way.Introduction: What are Market Internals (MI)We all know how hard it is to find a new, viable trading edge. We are also aware that the scope of our possibilities is quite narrow: It doesn’t really matter what trading indicators or other tools of technical analysis we use – most of the time they all use the same source of data anyway. This data consists of Open, High, Low and Close values of the bars in our trading chart, and whatever trading indicator we use, we basically use only a slightly different interpretation of the same O-H-L-C values.So, if we really want to go a step further and implement a broader view for our trading decisions (trading entry/exit conditions), we have to start investigating outside of the O-H-L-C values. We can, for example, implement information like Volume or Open Interest to our trading entry/exit conditions, which is not a bad idea at all, and many of my ATSs use O-H-L-C values together with Volume effectively.However, we can still go a step further.We can do something that many traders have no idea they can even do: We can start making our trading (entry/exit) decisions based not only on the data coming from the underlying market but also on taking into consideration the market (its overall direction, quality, strength and overall “mood”) as a whole!Just imagine:Wouldn’t it be fantastic to know where the stock market as a whole is heading, before we enter a position in our emini S&P strategy?And that is exactly what Market Internals are about: The ability to read the market as a whole and effectively incorporate this much broader view into our trading decisions.Market Internals: A quick introductionSo what exactly are Market Internals? Where do they come from?It’s very simple: Market Internals are information about the overall stock market, provided by the stock exchanges (NYSE, AMEX), usually in the form of a standalone data feed.And this data feed instantly provides us with real-time information about the overall stock market situation.Using Market Internals we can immediately, in real-time, start receiving information like, for example:
How many stocks from the Dow Jones Index have just moved up and how many down?
Is the volume of all rising stocks from the Dow Jones index higher or lower than the volume of all falling ones?
How do ALL stocks move in the entire NYSE? Are most of them rising or falling?
How many stocks have a price that hasn’t changed?
What is the direction of the majority of the volume? Up or down?
Do the 30 stocks in the Dow Jones index correspond with the rest of the market, or does the Dow Jones index now live its own life?
As you can see, there is plenty of information that can be obtained through this standalone data feed about the stock market as a whole (and later on, to be used in our strategies).All this information can be split into several different categories, and every category has its own meaning and preferred method of implementation. However, because the space for this article is very limited, and the subject of Market Internals could give more than a dozen articles like this, I am going to focus only on one Market Internals category, one of my most favorite, the MI pair UVOL-DVOL.Market Internals: UVOL-DVOLThis category of MI simply consists of two separate data feeds provided from the exchange:$UVOL monitors the total volume of all rising stocks on the exchange.$DVOL monitors the total volume of all falling stocks on the exchange.By using these data feeds (often called MI indicators), we can monitor the volume on one side or the other, so we can get a better idea where the volume is moving to, i.e. which side is stronger. This is, of course, a very powerful view on the market that can provide us lots of important information (if we know how to use it).From a practical means, we usually add two different data symbols into our chart (data2 and data3) to start using UVOL-DVOL pair for our trading.Then we can start using these MI indicators as additional, or even leading filters (or as I usually call them – “Super Filters”) for our existing systems – with the goal to improve them significantly.Let’s have a look at such a condition in practice. I am going to reveal one of my proprietary UVOL-DVOL MI conditions, which I use as a filter for many of my breakout index or stock strategies (MI can only be implemented on indexes or stocks of futures indexes).UVOL-DVOL as a filter for significant improvementTo demonstrate the effect that Market Internals can have, I have decided to use the most simple condition that I could think of – a primitive breakout condition high=highest(h,N1). I haven’t done any optimization of the N1 parameter, nor have slippage and commission been included in the results shown below – the purpose of this article is not to present a functional breakout trading system but to demonstrate that Market Internals can be applied to even the most basic systems and get immediate, and very often dramatic, improvements. For the N1 parameter, I have used the first number that came to my mind, number 20.Here is the basic code that I will use to demonstrate the impact of the Market Internals “Super Filter”. The test will be completed on the EMD.D market, 15 minute timeframe, from 3/22/2006 – 3/21/2016:If high = highest(h,20) then buy this bar at close;setstoploss(600);setexitonclose;Here are the results:Net Profit: $79,440Profit factor: 1.17Avg. Trade: $36.52Max Drawdown (close to close): $12,650Net Profit / Max DD: 6.28Number of trades: 2175Now let’s move to the implementation of a very simple Market Internals condition that is based on the following rules:
Calculate the difference between UVOL and DVOL,
Calculate a 30 bar simple moving average of this difference,
If the UVOL-DVOL difference is above the moving average of the UVOL-DVOL difference AND high = highest(h,20), a Long position is opened,
The position is closed by the end of the day or when the 600 USD stop-loss is hit.
In a moment, I will show you the outcome of the application of this code to the original system. But first, I need to mention that I have used several small add-ons, like for example, taking into consideration the zero line of the UVOL-DVOL difference to cancel the “Super Filter” in certain situations – all of this is included in the code and the workspace that you can download at the end of this article. Yet the basic idea is exactly as I have described it – to work with the UVOL-DVOL difference and with the moving average of this difference.Let’s take a look at the results after application of the Market Internals “Super filter”. First, the performance report:Net Profit: $76,000Profit factor: 1.38Avg. Trade: $63.81Max Drawdown (close to close): $7,790Net Profit / Max DD: 9.76Number of trades: 1191And finally, the comparison table showing the results before and after the application of the Market Internals based “Super Filter”.Metric / Before MI / After MI / ImprovementNet Profit / 79,440 / 76,000 / -4.3%Profit Factor / 1.17 / 1.38 / +17.9%Avg. Trade / 36.52 / 63.81 / +74.7%Max DD (C-to-C) / 12,650 / 7,790 / -36.8%Net Profit Max DD / 6.28 / 9.76 / +55.4%Trades / 2175 / 1191 / -45.2%I believe that the numbers speak for themselves – maximum drawdown has improved by almost 40% (36.8%), Average trade by +74.8%, and the Net Profit to Maximum DD ratio by +55.4%. All really great improvements, and I see similar improvements of Market Internals very often.ConclusionI have been using Market Internals for my own trading since 2014.Here is what I have generally achieved by implementing them into my own trading strategies:
Reduce max. Drawdown
Improve Avg. Trade
Improve Net Profit / Max DD ratio
Smoother equity curve
Overall improvement of portfolio performance
Getting additional psychological confidence by knowing that I only trade in highly favorable market conditions.
I was really surprised that Market Internals are used by so few traders, yet, when I present them the Market Internals possibilities, they usually get quite excited and implement it to their own trading systems with instant positive impact.This is exactly the reason why I like them and encourage all traders to investigate them further.