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1) Create a written intraday trading plan. – Without out it you’re cannon fodder for more experienced intraday players. You need to know exactly what it is you’re going to do before the session starts, each and every day. Whether you plan to day trade stocks, emini futures, commodities, or anything else, it doesn’t matter. For example, if the plan is to trade momentum or breakout stocks, you will certainly need to know exactly how you will scan for or locate those stocks to trade. How will you enter trades? Market orders, limit orders, buy-stops? How will you exit trades? Will you use price targets, trailing stops or some other exit strategy? Will your trading plan primarily use price indicators/oscillators or will you use pure price action to initiate your trade entries and exits? You will need to know answers to all of these questions prior to trading with real money and really even before to practice on a trading simulator. Which brings me to my next intraday trading tip.2) Start with a trading simulator first. – Don’t even think about day trading with real money until you have become consistently profitable on a high quality trading simulator first. What’s the point in rushing things by opening up a day trading account and immediately starting to trade with real money? That’s what fools do. Keep your trading capital safe, by trading with sim dollars until you have good, consistent results from the simulator and enough confidence in your trading plan to execute trades without fear of inevitable losing streaks.3) Start with an adequate account size – For day trading stocks, due to the SEC’s pattern day trader rule, most brokers will require a minimum of $30,000 to open a day trading account. But, you should expect a draw down in your account, since you will be just starting out and most likely will be making mistakes. So, in reality you really should consider starting with a minimum of at least $40,000. This should be money that you or your family does not need to pay living expenses.4) A Stop order should be used on every trade – No exceptions. This is probably the most important tip I can give you. Unless your trading plan includes some type of counter-trend or pair trade that allows for multiple entries at different price levels if price moves against your position, you must always use a stop. Otherwise, what will happen is the trade that you intend on only being an intraday trade is going to soon turn into investment and you’ll be without some trading capital.5) Understand and use Position Sizing – One mistake that many novices make is to put all their trading capital and often even more using margin, on only one trade, stock or strategy. Using the most basic position sizing technique simply requires you to split up your account into several blocks of money to buy or short individual stocks or use the split capital to trade different strategies. Trading with too many shares on one single stock or strategy opens you up to too much risk from possible losing streaks.Successful intraday trading requires knowing much more that what I’ve presented here, but these five tips are absolutely essential for a novice to know before trying to make money in the shark infested waters of today’s markets. I’d like to leave you with with one last piece of day trading advice, don’t take profits too soon. Another huge mistake that novices make, is thinking that it’s OK to take a profit no matter how small, as long as it’s a profit. Wrong! Many, if not most traders make money by trading strategies or systems that have a win% of 50% or less. Therefore, your average winning trade is going to have to be substantially larger than your average losing trade to make an overall profit. This is only possible if you are patient enough to let winning trades run. That’s where trailing stops and/or price targets come in, but that’s a whole different discussion for another article.

E-commerce businesses are becoming a reliable way to buy products online. Branding plays a direct role in improving chances of e-commerce business success. An increasing number of global customers are switching to e-commerce sites to purchase everything from groceries to apparel, and electronics to lifestyle products. The e-commerce industry has completely transformed the way in which consumers around the world access products and services. It has suddenly brought a world of options to the fingertips of end users. The future seems bright for the e-commerce industry, with major players branching out into newer product categories frequently (thus setting the standards for smaller brands).For e-commerce businesses, things are going well enough, but the competition is also fierce. New e-commerce brands are launching every day and persistently trying to get a foothold online. When it comes to branding, e-commerce companies are leaving no stone unturned. In this scenario, it is vital that you build and implement a high quality branding strategy for your e-commerce business.Branding Strategies For E-Commerce BusinessesBy having a result-oriented, effective branding plan for your e-commerce business, you can stand out amongst your competitors. To achieve that, you must determine what makes your e-commerce business a unique player in the industry. Are you offering high quality products at the best available rates? Do you organize regular discounts and offers for your customers? Are you adding new product categories to meet more customer demands? What are the factors that would convince customers to choose your brand against others? E-commerce business owners must strive to highlight the unique selling points of their brand. Only then can an e-commerce brand be boldly promoted to larger audiences.As an e-commerce brand, you have to be at the forefront when it comes to attracting product vendors as well as consumers to your e-store. Vendors would be interested in using your marketplace, if it has a strong brand that keeps providing value to customers. The number of sellers and customers you bring in to your network depends on the strength of your e-commerce brand, and how well it delivers on its promises. If you are intelligent in your branding, and consistent in your service quality, your e-commerce brand can achieve considerable success.E-commerce branding, like all branding, is influencing the perception of your brand and its services, in the eyes of the customer. Effective e-commerce branding will make marketing easier, retain more customers, drive up loyalty, and create better potential value for steady, long-term success.The way you must approach an e-commerce branding strategy is by highlighting some key points. With branding, you must uphold your business’s core mission, the problems you aim to solve for your customers, standards that it adheres to, and proof of the quality of services you provide. What are the factors involved in business branding and their importance?E-Commerce Branding – Methods and Importance1. Your Brand Image – A stellar, uniquely identifiable brand image helps customers attach value to your e-commerce brand’s personality. This includes various things such as logos, banners, taglines, marketing captions, social content etc., which should always represent your brand the best. This is quite important if you want to create value for potential customers and convert them into loyal customers. A good brand image goes a long way in retaining customers, by continually generating interest for your e-commerce brand’s offerings.2. Customer Satisfaction – Customers are everything, when it comes to e-commerce or any other type of business. You can actually enhance customer experiences and drive up satisfaction (and loyalties). This is a big part of establishing your e-commerce brand. Put your best foot forward while marketing, deliver on your promises you make, and provide unmatched service and support to enhance your brand’s potential value. Remember that satisfied existing customers can and will bring in newer customers to your e-commerce business. Maintain your integrity and keep reinventing to bolster your brand’s chances of business success.3. Find Your Unique Selling Proposition – As an e-commerce business owner you must determine the USP of your brand. This will help you brand and promote it better to larger groups of potential customers. Think about what sets you apart from dozens of competitors vying for true e-commerce glory. Is it your service quality or support? Is it the trust of your customers and your track record? Do you provide innovative offers, discounts and promotions on special occasions? Do you house the widest variety of rare products? You must determine why customers would choose your e-commerce site. What extra value can you offer to your potential customers that convince them to use your platform again and again? Find your USP and use it to strengthen your brand.4. Utilize All Channels – Technological advances in the past decade demand that your e-commerce business maximizes its presence on all social, web-based and mobile platforms. More and more potential customers buy and sell through handheld devices, and almost all of them are on social websites. All your competitors are doing it, and so should you. It will help you make your brand easily accessible to larger audiences, which in turn will bring more conversions and significantly better revenues. Social and mobile should be the front and center of your branding strategy.E-commerce sites can benefit from the above mentioned branding strategies. By using the concepts provide here, you can establish your e-commerce brand and take your business to the next level.