Keeping a blog going is like writing a diary, it becomes a habit and a good way to capture memorable events. This being the first entry of 2017 I wanted to do a quick recap of what happened last year but I don’t think it is necessary moving forward once I start to write regularly.
I have not quite figured out on what this blog will be about. I have explored some areas of interest but without sufficient material to concentrate on those topics. I will keep adding to those areas as I move forward with more knowledge.
I recently came back from my trip to Asia, more specifically Thailand and my hometown Hefei. The trip in Thailand is standard and pretty much for business, the other part in Hefei is personal and somewhat business.
When it comes to China most entrepreneurs think of it as a huge market with massive potential. Stories of rich and wealth from the far east is common. China is very big, almost the same size as the United States and much more populous, thus making a statement such as “We are going to enter the Chinese market.” quite impossible to materialize.
An acquaintance told me that he has a friend who made a fortune from Penny stock investment. This friend did it by riding some crazy penny stock rally and got a huge investment return.
That is how I got to know Penny stock investment. Penny stock is very attractive for a couple of reasons.
PENNY STOCK INVESTMENT: REASON ONE
The first reason why penny stock investment is attractive to a lot of new investors is that they are cheap.
For a new investor with couple thousand dollars, it is tough to make a decent return on stocks that you can’t pick up in volume. As of writing, you can get two shares of Alphabet with some change left to cover brokerage fees. This two shares of Google is not going to make you much money. If you are lucky, you will make enough to cover the brokerage fees.
So like any trade, a new investor naturally start to look at stocks that they can own sufficient amount with the capital that they have. A universal conclusion is that the more shares you can get the higher return potential.
With this finding, almost every new investor inevitably stumbles upon the penny stock market.
PENNY STOCK INVESTMENT: REASON TWO
The second reason why penny stock investment is appealing to new investors is that they have high yields. Some yielding more than 500% in one day! Imagine catching on that bandwagon.
Quick and high return will strike home for most new investors at this point.
PENNY STOCK INVESTMENT: EXPERIENCE
If you can agree with most of what I said above, then I feel confident sharing with you that me too. In the earlier days of my trading career, I had couple thousand dollars, read some internet articles, and bravely entered the Leonardo Dicaprio infested penny stock market.
I am not Leonardo Dicaprio. It didn’t take long for my what was suppose to be a 20k speedy return of assets turn into a worthless pile of digital junk.
So what happened? I did my research. I was diligent enough to convince myself that it was a sound decision. Many other traders from multiple different forums seem to agree and thought it was a great investment.
The chart told a story of the bull, but that bull stopped shortly after my investment, and it plunged into oblivion with little resistance.
Many years later I suspect I was a victim of a pump and dump. I thought there’s no way I could be the victim, but I was wrong.
The Penny stock market is less strict in its listing requirements compares to the bigger stock exchange. Therefore it is easier for questionable companies and characters to participate.
I’m going to make it entirely clear that Penny stock investing is profitable and lucrative, just that you are most likely not the one making it.
If you are not Leonardo Dicaprio in Wolf of Wall Street, then you are the Lamb of wall street.
PENNY STOCK INVESTMENT: YOUR CALL
My suggestion is that stay away from Penny stocks. A good way to identify that you are not in the right market is to see if there are any reputable companies. If you don’t recognize any name, chances are you are in a less regulated market.
I think that investors must not discriminate. It is absurd to judge a property strictly by the neighborhood it’s in. There are great companies that are temporarily in the Penny stock market, and that is the best opportunity for you to get in.
If you apply constant value investing principles, you can find the right stock cheap. If you don’t know what is value investing, then I recommend reading The Intelligent Investor by Benjamin Graham first.
After you read this book, you will be able to pick stocks better. However, I think you will not bother with penny stock investment anymore.
Not every company in the penny stock market is a bad company, but be diligent at businesses that are performing exceptionally well in a short period. A good indication of pump and dump.
PENNY STOCK INVESTMENT: SEARCH IN THE RIGHT PLACE
If your decision is to move forward with penny stock investment, then I recommend you be responsible for yourself and do a few things.
1. Call up the company you want to invest, talk to the CEO and ask yourself if you can trust this person with your money.
2. If you can, pay this company a visit in person. Check out their headquarter. Does it look like a functional company?
Visiting a company you want to invest is a reasonable thing to do for any investor. Warren Buffet does it all the time. If you are for whatever reason not allowed to visit, then they don’t deserve your money.
3. Find out what this company does, what do they produce, who do they sell it to, and what their client say about them. Call up their client and ask them openly of what they think about this company. Be open, tell them you are a potential investor, and you have doubts.
If you can’t find anyone that they do business with, or that their customer made you uncomfortable, then the both of them are most likely not worth of your time or money.
4. Always remember that the stock value of a company should reflect their actual value. A stock that is about to climb 500% in a day must be doing something spectacular. Find out what that is.
If you can’t find any information that justifies the rise, it is most likely a hoax.
5. Stay away from penny stock forums, or any stock forums if you ask me. It is one of the most toxic places for any sound investor to get tangled up. You won’t listen to street gossips why should you care about anything on a forum.
Always make decisions on your research and judgment. If the forum is such a good place for investors to get information then why are they not all filthy rich? Why are you on it is an even better question. You obviously are not a successful investor, considering that you are reading an article on penny stock investment.
6. Read books and not internet articles. If you want to become an investor, many good books will get you started on the right path and forge the right mental attitude.
7. Go to class, not those get rich quick trading seminars. Go to a college and drop in on economic classes. A comprehensive knowledge of the economy will help you make sound investment choices.
When it comes to researching on a stock, it is important to find information from the right places. I understand that when it comes to many penny stock companies, there is limited information on which you can base your assessment. To me, that is a good reason enough to stay away from a particular company.
Investing in a company stock is like a marriage. You won’t marry someone on a whim neither should you with a stock.
PENNY STOCK INVESTMENT: ALTERNATIVES
To find an alternative for penny stock investment, we must explore the things that attract in penny stocks.
1. Low capital requirement – As we discussed earlier, you don’t need a lot of money to start buying penny stocks.
2. High return – Penny stocks often promise lucrative returns.
3. Short term – Penny stock investment are not typical long-term investments. It is volatile in nature.
Understanding these key attributes, I would like to make a few alternative recommendations that I think is more beneficial for a new investor learning the trade, and potentially earn something from it.
These suggestions have their associated risk but overall a better environment than the penny stock market.
Option One: Value Investing
One alternative to penny stock investment is to research and review undervalued companies on the big stock exchange. Such as New York Exchange or Toronto Exchange.
During the oil crisis of last summer, many energy stocks plummet to near penny stock status. They have all since rebounded. If you got in at that time, you would have come out with a handsome return by now.
When it comes to investing in stocks, hindsight is always 20/20 and utterly useless. When the oil industry was tanking there were so much noise that prevents an investor from making sound decisions. Such is the case every day.
At one point or another, every investor asks themselves what kind of investors they want to be. The correct answer will always be value investing, but everyone gets there differently.
Option Two: Day Trading
If you are new to investing and you have limited start-up capital, you want to get a feel for how different investment works.
Day trading, for example, is a popular strategy for many traders. Day traders are swing traders or technical analysts. They understand the market and shares through chart and pattern analysis.
One thing to consider however is that you do require a bit more capital to day trade successfully. You need to be at least able to cover your brokerage fees.
Day trading requires sound knowledge in technical analysis. If you don’t even know the difference between a bar chart and Japanese Candlesticks, then you have some pre-requisite reading to go through.
Day trading is also risky, more so than value investing.
Option Three: Binary Options
The third option is something that I recommend for any future penny stock investors and day traders.
Binary Options is not new, although many promoters made it sound like a breakthrough trading platform. I’m not going to talk too much about that here, and I have written a discussion on Binary Options trading in this article.
All you need to know is that Binary brokers will allow you to buy or sell short-term. However, you do not buy or sell on the real market. Instead, you trade through the broker.
The benefit of this is that it allows you to make an investment on Google for example for a dollar, instead of $800 for the share.
You are participating in real markets at the real time, this form of options trading has a fixed investment return, anywhere from 60% to 100% depending on the firm and the asset.
Key Benefits of this Option:
1. You can start trading high rating assets in this option with as little as $20.
2. Practice day trading with demo accounts.
3. Plenty of high-quality tools and chart options to play with for free.
4. Trade stocks, Forex, and Commodities.
5. Real-time charts.
Types of Trading in this Option:
Short term Bull or Bear
This kind of trading is all about reading the pattern and making sound day trader judgment.
This sort of trading is to judge whether an asset can reach a certain level in a given amount of time, and make the right calls in time.
I think these two types are good practices you can start when exploring Binary Options as an alternative to penny stock investment.
PENNY STOCK INVESTMENT: FINAL WORDS
I hope you have discovered new knowledge with this article. Much of what I shared are knowledge from books and personal experience.
It is important to understand the underlying risk of any investment. Never invest with the money you don’t have and always drive sound decision through logical analysis and abundant research.
Thank you for reading, and If you think this article has value and worth sharing, then please help me by liking or sharing it.
Welcome to CEO’s online day trading training session! This article is to provide a practical and useful training regime that I use in my short trading adventures.
The high excitement and lucrative reward of day trading attract many traders into the speculative market. Every year new blood flocks into this euphoric frenzy with the dream of quick wealth and riches. The truth, however, is often far from the dream.
This article is not a guaranteed success training program. I do not believe such thing exist. Not when it comes to trading in the equity market. What I do believe are the results of hard work and practice.
On the other hand, this online day trading training program is entirely risk-free. There is no cost associated with this training program, all it requires is your desire to get better and the commitment to practice.
At the core of this training session is to spot and identify proven Japanese Candlesticks patterns. Japanese candlesticks are very accurate in predicting market reversals, which is why it is one of the most famous charts that day traders use.
From my experience, we are our worst enemy when it comes to day trading. Understanding the technical attributes is easy, cultivating that fortitude and resolve to execute on the knowledge against our intuition is the most challenging part. A key attribute to day trading success.
Online Day Trading Training: Focus
So this is not an educational post, I will most likely not teach your anything new. Instead, this online day trading training focuses on cultivating that resolve to act appropriately every time you see a signal. Going against your intuition regardless of the situation is the key objective of this training.
The reason why we train this way is to replace our unproven, untested, and most of the time inaccurate intuition for proven, tested, and more accurate pattern recognition.
In this training session, you will memorize several proven Japanese Candlesticks patterns and apply the right action every time you see it. You do not analyze the trend or the momentum, all you do is follow an asset and wait for a pattern to appear and act on it without hesitation or uncertainty.
Tools to use
There is no point to practice on simulations. The market is always changing, what you see on a simulation may never appear again. So to train properly, you must train on real and live markets.
There is also no point to train on delayed market reports, what already happened does not concern a day trader. What is important is what is going on now.
Hindsight is always 20/20, especially in day trading, but it is incredibly useless.
So what you need to do is to practice on the real market through real brokers with fake money. Ideally, you should always use real money, because that added risk factor will put your resolve and fortitude to the test.
For all the intended purposes of this online day trading training program, I recommend you use the fake money first. Gain that confidence and fortitude as a day trader, and when you feel satisfied with your performance, graduate yourself.
There are a few options to do this, and I will go over them quickly. I recommend you stick with one that works for you but play around. Different brokers offer different asset, depends on what asset you want to trade in the future it may be a good idea to find it from the start.
Iqoptions is great because they offer a broad range of assets such as stocks, Forex, and Commodities. They don’t need anything other than your email address to get set up.
Once you are ready, explore a little bit or get started with practicing.
Pick an asset to trade: I picked Forex EU/USD, since its midnight this is on the OTC market. Stocks are closed at this time too. For our purpose, it does not matter.
The next thing you need to do is to turn on Candlesticks Charting. You can do this by clicking on the pen icon and choose the top option “Chart Types” and click Candlesticks.
Look for the bear reversal pattern of Dark Cloud Cover.
According to Investopedia, a bearish dark cloud cover appears in an uptrend with a long green (Upward) candle followed by a big red (downward) candle. This pattern signals a falling momentum in traders.
It must be on an upward trend.
The large red candle must start higher than the previous green candle.
The large red candle must pierce below the middle of the last green candle and closes below the half point.
pick an asset, for example, EUR/USD.
Watch it carefully.
Whenever you see a bearish Dark Cloud Cover, you put.
It is important that THIS is the only thing you do throughout the session.
Set a timer for yourself.
Make a record of your gains and losses.
Note why the loss occurred.
You can also practice with any other patterns. Try to establish a connection and confidence with each different model.
Gradually you can start adding pattern combos. Usually the more complex a combo, the more accurately it predicts.
The success of this online day trading training program strongly relies upon your ability not to be tempered by anything other than your set pattern. This exercise is about fortitude, an essential ingredient for day trading success.
Online Day Trading Training Broker #2
If Iqoption doesn’t work for you or is not available in your country, you can also try this broker, Nord FX.
This Canadian small business opportunities guide is for my fellow Canadians. I am here to offer you practical small business ideas that you can pursue.
The small business opportunities that I want to share with you is trade related. I am the CEO of a modern trade company, I don’t have the credential to talk about what I don’t know. So I am going to share with you the secret of my trade and how you can succeed as well.
Canadian Small Business Opportunities – What is the trade?
A trade is an exchange of items with value. It is important to understand that a trade does not have to occur with items of equal value. Actually there is little point in trading between things of equal value at all.
Trade exists because of scarcity, resources are finite in some areas and abundant in others. This is the opportunity for trade.
Trading is one of the oldest profession in the world. Time change and the way we trade changes, but the job did not change. As a trader your job is to find value in items that is lower at origin but higher somewhere else. Buy low sell high.
Most fruits and vegetables we enjoy here in Canada are not produced locally. We know that not much grows in our winter. We import these fruits and vegetables from different places around the world where the weather is warmer and resource abundant.
I want to let you know that for every item imported into Canada, there is a trader’s work somewhere along the line. Traders are an essential part of our economy, we move to connect supply and demand.
Technology Advancing Trade
Trade is an old profession that evolved with everything around us. If I was a trader a thousand years ago I probably will have to travel with my caravan on the silk road. Battling sand storms and bandits. An exciting life indeed.
Today a trader has a lot of tools that we can use in conducting our trade. Not too long ago a trader will have to travel all over the place carry out trade deals. Now you can send an email or make a phone call. A business that use to take months can now be done in days.
Trade has truly evolved. Matter of fact I would argue that now is the golden age for traders, and I will tell you why. Sadly though, the knowledge of this profession is on the decline because there are simply not enough people joining the ranks. Less competition is not a bad thing.
In Canada especially people seldom look at trade as a business opportunity. It is not widely talked about. Small business advice tend to guide towards service based businesses. Not to knock on anyone, there is a difference between self-employed and a small business.
Self-Employed and Small Business
There are a lot of business opportunities out there that are really self-employment opportunities, and there is a subtle yet significant difference.
A self-employed business tend to center around you. Cleaning, dog walking, sewing, or contracting. It doesn’t mater, anything that you are the main gun in the operation is a self employment business. You are the business. You could potentially grow and hire people, but that is something else down the road. For example you run a cleaning business. You are a member of a service industry. Everything you got on the job is between you and your client. Every time you move it is just you moving.
My definition of a small business is a business that although small but is an part of a much bigger business. For example a company that wholesales nuts and bolts. The company is operated again by you in an office with a computer. your operation however is an part of a larger business ring. That consists of service providers, manufacturers, wholesalers, assemblers, logistics and warehousing. This time you make a move everything moves with you.
At this point you wonder what is the difference. Like I said earlier it is subtle yet big at the same time. The similarity in both operation is that the business is really just all you. The big difference is that with a self employment business you have to do everything. Buying tools and sprays, finding customers, and the real cleaning. If anything goes wrong you are also the only person responsible.
As a small business you are responsible for your part of the firm. If your job is to deliver your nuts and bolts when your customer needs them, then that is all your focus on. You are not responsible for producing them, or transporting them. Other people do their job to make that happen.
So as you can see even though by the end of the day both business makes you the same amount of money, the scale of operation is entirely different.
Canadian Small Business Opportunities – Start with Trade
Before I show you what and where you can start to become a trader and pursue your own Canadian small business opportunities I want to talk to you about why starting with trade is important.
I mentioned earlier that trade is an exchange between items of value. This can expand into everything. People use money as the medium of commerce, and you can sell anything for money since money is the universal scale of value. You can trade your service, your product and your knowledge. There is nothing you can’t buy and there is nothing you can’t exchange for money.
Let us not confuse trade, and every business is a form of trade. Many self-employment opportunities are trade oriented. Usually involves a service, or a labor for money.
I made a distinction between self employment and small business. Since this is a guide for Canadian small business opportunities I am not going to recommend anything that I believe is self employment.
Now let us talk about trade as a Canadian small business opportunity. What can you trade here in Canada and how much capital is required.
To do a trade in business is simple. Are you on facebook? Give us a like and I will give you one back. That is a simple trade at a business level. Now you wonder why should you like me. You wonder that because you have not yet received the value that this post title promised yet. Therefore I must offer you the information that is promised, which is Canadian small business opportunities then you will like me.
In a way that is a business trade on a very simple principle. I offer an article with information that you consider valuable enough to seek, and in exchange you like our page.
Everyday people make hundreds of trade decisions. In economics they actually call it opportunities cost. Milk over juice, Bus over Train, etc. Therefore everyone should be able to run a business in trade. Considering that you are capable of making choices like milk or juice.
It is true that some of the larger trade firms do astronomical figures of business. Billion upon billion. Warren Buffet is a trader, he trades stocks!
Not everyone starts with a lot of capital, maybe you a stay home mom looking for a second income. Perhaps you are bored out of your mind in your cubicle and looking for new opportunities. Maybe you are a new graduate exploring the different choices life has to offer. The point is, we all come from different background so it is very hard for me to cover everyone.
The Canadian small business opportunities I suggest will need some sort of capital to begin with. Anywhere from ten-twenty bucks to a few thousands, or more. It really depends on what you want to do and the scale you can work in.
Canadian Small Business Opportunities
Buy low Sell High – Broker
This is the most common starting point for a trade business. One that you can start almost immediately. Don’t need an office, or even a place to work. You just need to communicate with people. Chat, Phone, Internet, whatever.
Is there something you know that other people don’t. Are you part of a niche that you are not aware of. Maybe you know a place that makes great baby clothing, If you can convince people to pay more for what you paid it for. You are now a broker business. An example of a service broker are websites that compares air ticket or hotel rooms. They get paid every time you do business with them. They don’t produce anything else other than giving you all the options in one go.
You can start your own brokerage firm with a computer and an internet connection! Don’t worry about registering a business and all that yet, you are a trader make that money first register on a later date when you feel comfortable.
If you already know of a product that you can buy low and sell high you should get right to it.
If not you can visit Alibaba.com a global directory for businesses. Think of it as Google but for manufacturers and traders.
How to find a product on Alibaba
Go to alibaba.com, you don’t have to register for an account right away. Look around see if you can find an interesting product.
2. Baby clothing and baby items are one of the fasted growing industry now. I know this because I did enough research on them. In the future you will most likely learn how to do that as well but for now lets just pick anything you have an interest on. In my case baby clothing.
3. The result showed me different baby related items from 17,268 different suppliers. Supplier on alibaba could mean a few things. Manufacturers, Wholesalers, or a trader like yourself. Who they are doesn’t matter, but it is important to check their status. Most suppliers on alibaba are legit companies wanting to do good business.
4. Look through your results, note the ones that interest you. It is good to have a planner or a journal when you plan for your business.
5. I found a seller that sells cute baby cloth in bulk. So I decided to investigate.
6. I think I can bring these over and sell them in Canada for at least $10. I make more than $6 a piece. If I buy 49 pieces at $3.60 my cost is 176.4, when I sell them for $10 a piece in Toronto I make $490. $490-$176.4 I just made $313.6 in this trade. Not too bad for a starter trade.
7. You can use the same method on anything you want. If you know someone who owns a shop and you know there is something they use regularly look for it on Alibaba. See if you can find the same or a substitute with enough margin for you to make a profit.
8. Don’t buy anything from the first seller you come cross. Dig a few more, ask them questions. Get a feel of the person you are dealing with. Do they help you, can they support you with better prices, do they feel trustworthy. Play around make some connections. It is a big part of running a small trade business. Remember, a good supplier will work with you, because your success is their success.
How to sell your product
Once you narrowed down on a product you want to broker, your next step is to sell it. Buying the product you want to sell is only half the business, you don’t want to stop in this half because you want to get your investment back plus profit. You need to be able to sell it at a markup.
Sell it locally. If you are an out going person and loves to talk to people, chances are you already have a large circle of contact. Let these people who already like you know that you are in business. There is nothing shy about talking to people about your business. If you are, you are in the wrong business.
2. Become a wholesaler. Contact a company that is in the same business, talk to them show them your product. Companies are constantly looking for new suppliers. Give them a discount get them to try your products. Remember, if your product move for them it will move for you! Get ready for your second order.
3. Sell online. There are so many places to sell things online now. If you can find this article you can find a place online to sell your product. Ebay, Kijij, Craiglist, Etsy, and so many more that I don’t even know about.
Info-Commerce – Consultant
If you have an extensive knowledge of something you can also easily turn that into a business. Not every education gets you a PHD or an opportunity to teach at a university but it is almost guaranteed that someone somewhere find your extensive knowledge valuable and thus give value to your business.
Depend on what that knowledge is you can do a quick google search on the subject. Are there other people interested in it, do you know something that is valuable but no one seem to talk about it on the net yet.
If that is that case you just found a niche market. There are many ways to turn that into money. One way is to start a blog. Since this is a post about Canadian small business opportunities I’m not going to get you on the how to. Here is a post I wrote that can help you started with a blog. Once you have a blog you will be able to monetize it. Which is covered by another article I wrote.
If you are a comfortable public speaker you can also volunteer to talk on the subject you want to cover. Practice at your local library events in small groups. No one is going to judge your performance harshly as long as you offer valuable information.
If you are genuinely good at the subject you are covering soon you will open up to many other opportunities, and some will pay you quite nicely.
For example, I often talk in seminars about entrepreneurship and starting a small business in Canada.
Digital Asset – Online Trading
If you have an interest in equity market you can also engage in online trading. It is relatively easy now to trade in the stock, forex or commodity market. You can find tons of information about to that on google. So I will not cover that in detail.
If you have limited capital to start you can also get in on the less capital-intensive Binary Market. Read this post I wrote on the Binary market and see if online trading is something you can get into. Maybe you will become the next Warren Buffet.
Starting Your Business
You can never know enough to get you ready for your business, and there is not enough books out there to make a business tycoon over night. Most things people learn by doing, and it is the same with business. Whatever it is that you want to do, get it started now. Been thinking about a product opportunity? Go to alibaba now and see if you can find a manufacturer. The most important part of starting a small business in Canada is actually starting it!
Running Your Business
Running a small business is not easy. I hope that I have offered you new information on Canadian small business opportunities. What I showed you is a universal way to start any business in any industry. When you connect supply and demand real business happen. Buy low and sell High you will never go broke.
Running a small business takes dedication and perseverance. You must not expect success and wealth over night, instead picture the future you want and move towards it one step at a time.
Good Luck and Success to your business
Like and share this Canadian small business opportunities guide if you find it helpful. Get like-minded people together will boost your Canadian small business opportunities, because Canadians work better together. You can also find partners anywhere in the world to work with you, and if you have any questions or comments, feel free to drop me a comment.
This blogging howto article is to help you get started with blogging. This post is meant for future bloggers, writers, and all you scholars out there. I will first talk about the concept of blogging and blogs, then I will offer concrete and applicable guides to get you started with blogging.
Blogging HowTo: So what is blogging?
Blogging is very simple, technical aside everyone can become a blogger. The word Blog came to be by combining the word Web and Log, therefore Blog. Web log is a giant piece of wood that occasionally appears in the world-wide web and blocks the internet. No, weblogs are records of things online, like an online log book. Weblogs are typically generated by computers to record activities, errors and whatever information that is worth recording.
So for me a blog is someone’s journal posted on the internet. Kind of like this one you are reading now. It is the CEOs blog.
How to Start Blogging
To start blogging you need to first know what you want to blog about. Although that is very easy and you don’t have to linger hard on it for long since blogs about nothingness or everything is very common. It is your journal, you have the right to write whatever you want. Just remember, other people can see it too. You can also write private blogs, where only you and those you want have access.
To have a good blog you need to have good content. Contents are your journal entries. Everything you write becomes content of your blog.If you already have a journal on a subject you want to blog about, then great you finished the hardest part about blogging, and there should be no reason to stop you. If you have good knowledge on a subject that is not covered well on the internet, then there are people who’s going to love your blog.
If you don’t have a journal or the habit of writing one then content can be challenging for you. You can hire people to write it for you, get copyright free, or freely distributed articles from other people. These contents are never going to be as good. People want fresh and original content, google knows this, so does Bing. So original content will get you more visibility online.
Lear How to Write
Like I said earlier, if you are not very good at writing and wants to improve then there is nothing better than writing a blog. Remember a blog is a journal that you are allowing the world to see. The world knows that, and you are not going to get grilled for bad grammar or spelling. Although both are very important, that is why you are writing to improve them. Offering valuable information however is the absolute key.
Some of the best blogs out there offers valuable information that people respond to and enjoy reading. So write to help people and offer something useful. Extreme self-centered publications will also garner interest but it is no light work either. Ask Kim.
If writing anything coherent is not in your gene, but you can talk a storm about a subject then you can also try video blogging. You can publish your videos on your own youtube channel then publish it on your blog. Like your writing, your video doesn’t have to be fancy or professional. It is fine as long as your audience understand you.
It is easy to get lost while blogging. There are always new programs to tinker with, widgets to get you distracted, and fancy templates to download. Those are very important and aesthetically pleasing but the Zen of Blogging is information. So like everything else online a blogger’s true way is to create good and useful information.
One lesson I learned is that don’t spend too much time on figuring out the things you don’t know at the moment, start writing first.
If you have absolutely nothing of value to write about, that is okay too. Remember the way is to give information and the best way to do that is first gather information. Once you gathered enough information on your blog topic it wont’ be hard to write original information that is valuable to you and your readers.
Remember as a blogger you have to make many decisions, it’s almost like running a publishing company where you have to do everything. Above all that providing valuable information is key.
Blogging Howto: Requirement
Even though I say that content is the most important part of owning a blog, but you need to know how to transform your journal into a blog. To do that you need a few things.
Since this is a blogging howto article I will offer a step by step guide to help you own your first blog.
Ways to Own a Blog
There are a few ways to own a blog. Run a dedicated blog site where you own the website name, storage, and blogging platform. This method will cost some money. You can also sign up with a free blog site provider if you don’t want to spend any money.
Suggestion: It is important to figure out which one is best for you. If you want to make money from your blog, then having a dedicated blog site is good because it gives your reader a professional image. However, if you just want to have a blog as a hobby then a good free blog provider will do.
You want to make this distinction early because if you want to change later on moving all the content is something that you could do without.
Dedicated Blog Site
Below is a step by step guide to get you started with a dedicated blog site. You can follow exact steps using my recommended service providers, or you can learn the process and find your own provider later on.
Web Hosting: To own a dedicated blog site you need a place to host your data. There is a way to build your own server but that is out of fashion because it is neither worth the money nor the time. Unless you really want to learn how to build a server.
Go to hostgator a cheap and good quality hosting provider that offers dedicated blog hosting services.
You will see a page like this:
Website name: Think about a website name, its best to choose one that is related to what your blog is about. If you are going to talk about gardening, then don’t name your site hot-rod. Once you have picked a name fill in beside wordpress domain. This will also be your site name where people visit using www.yoursitename.com
If once you registered and feeling lost you should contact support at HostGator for any questions you may have. They also offer articles that will help you with the technical side of blogging. Explore a little bit.
It is going to take some time and tinkering to get everything in order. Don’t worry about that, you will have plenty of time to tinker.
Free BLOG SITE
The purpose of this blogging howto guide is to show you good and practical ways to start owning a blog. In the last section I showed you a typical process to get a dedicated blog site. Now I will show you how to get a free blog site.
One popular free blog site is tumblr. It looks like this:
Click get started and fill out any required information:
Follow the instructions and you will have your own blog on tumblr in no time!
Top 5 Blogging Platforms
A blogging howto guide is not complete unless I present you with all the options right? well not if you really just want to get a blog going. What you need to focus on now is get going. Don’t waste time searching what platform is the best, it really doesn’t matter because whichever platform you choose you are gong to have to learn it.
So I’m not going to make a list of platforms, that will only delay you further from owning your own blog. I will make it easy, for dedicated blog sites wordpress is the best. Easy to use, lots of support and it is by far the most popular platform for blogging. For free blogs play around with tumblr as I suggested. Get a feel of how blogging works, if you really don’t like my suggestions after a while start looking for platforms that suits you better. By then you will have a better knowledge at finding what you need.
I am pretty sure you can’t go wrong with wordpress or tumblr. You could say they are my top 2 on an imaginary list of 5.
Dedicated Blogs: WordPress
So if you have finished signing up with HostGator next thing to do is to make your first post. I know you are probably feeling a little overwhelmed now and writing a post is the last thing you are thinking about doing.
Here is the thing, remember why you are reading this blogging howto article. You are here thus far to learn how to blog. So far all you did was get a dedicated or a free blog hosting. Congratulations that now you are a proud owner of what could be a blog.
A blog without any content is not a blog, so you are here to learn how to make a blog so in order to do that it is absolutely important for you to post something, anything, right now!
Depend on the version by the time you signed up you may not have something that look exactly like this: (Don’t panic if yours doesn’t look like this, wordpress and hostgator improves all the time.)
What is important right now is that you find “write yourfirst blog post” and click on that. This will take you to your writing tool. Every entry you create is called a post. It looks like this:
Once you have done that press publish, and congratulations you have just published your first content to what I hope will soon be a resourceful and popular blog.
You can then click on view your blog and see what it looks like live. There are many things you can do with wordpress, such as adding sharing buttons for you to share with your friends on social media like facebook and twitter.
Spend some time learning wordpress, if you are lost you can always go to www.wordpress.org and look for help.
Free Blogs: Tumblr
Now is time to get your blog going if you chose to go with Tumblr. After you log into Tumblr with the credential you used earlier you should see something like this:
Find that pencil icon, whereever it is, find it and click on it. Once you click on it you are given a choice of the different kind of posts you can do. Lets just do a quick text one and get your blog started.
Now write your title and spin a few lines about the subject of your post. Once you are done make sure you click post.
Congratulations, now you are a proud blog owner.
Blogging Howto: Everything Else
The reason why it seems that I pushed you to write your first blog is because without content you have no blog. One of the biggest reason why people give up on blogging is simply because they have spent all their energy, focus, and enthusiasm on everything else that is not about content.
Design your blog with your flare is part of web design, it is not blogging. Adding all the cool widgets and plugins is great for your blog’s functionality but it is again not blogging.
Remember when I said blogging is like running a publishing company all by yourself? and that is absolutely true. What is important is that you need to be able to identify the core productivity of blogging. Which is creating valuable content.
Spending a month on an awesome logo is horrible blogging, because you have not created any content. No one cares about your killer logo if you have nothing valuable for them to read about. Needless to say even find you.
Blogging Howto: The Core
Now that you have your own blog your number one goal is to build your core. The core of a blog is content and content is king. If you have a clear idea of what you want to write think about how you can approach it.
Sometimes you approach a subject that you think you know well enough, but once you start writing you realize quickly that you run out of things to say. Never fill up content with gibberish. If you have nothing valuable to write don’t write at all.
Running out of things to say about your chosen subject is actually quite serious. Especially if you named your site after something you only have enough knowledge to cover one article.
I should have told you this before right? Well, if I did, and told you to go to the library or get a PHD on the subject you would still not have a blog. That would mean I wrote a failed blogging howto guide.
I am not interested in letting you read a blogging howto article that doesn’t help you get started with blogging. By the end of this article you will have a blog and you will have the knowledge to run one properly.
It is perfectly normal to run out of things to say. It is possible that you don’t know enough on the subject you want to write. Good news is since you chose the topic it should be something you like, better yet passionate about.
Why should you write something you like? well, you are not going to make the effort to research on things you don’t like. No research, no new knowledge, no content.
One of the biggest joy in blogging is the journey of your own progression. The blog is your journal. Say you decided to write a blog about gardening. One post later you exhausted your gardening knowledge and you are stuck.
Unless your single post is super long and detailed and covered everything about gardening and some. Your one post about gardening simply won’t make it a blog. Its an essay at best.
Sadly, this is where most people quit. If you search online for blogs you will come across tens of thousands of dead blogs. Many of them have a few good posts and that was it. The blogger ran out of things to write and the blog starved to death.
There is no shortcut to good content. You have to write your own and you must do your research.
Wikipedia is not where you research for your content. If it is already on wikipedia you don’t have to talk about it. You can use it to support your point in an article, it is easier to link to wikipedia than to a book. Information on other websites belong to other people. You won’t get an F for plagiarizing but google will make sure no one sees your blog ever. There is no point to blog if you offers nothing new.
Here is a blogging howto pro tip: read books! There are a lot of information online, but there are way more in books. Most of human knowledge are still stored in books.
Borrow a gardening book from your public library, or buy a book from amazon, read it and I guarantee you will find new information that you can share with the world on your gardening blog. Keep the blog alive.
Think of your blog as a living breathing entity, it will thrive if you feed it lots of genuine and original content or it will starve and eventually join the fallen.
Blogging Howto: The Start
Congratulations and thank you for reading this Blogging Howto guide. I hope that this article was able to get you started with a blog. If you’ve done everything I asked you to, by now you should have your own blog. The reason why I wrote this post is because I want to write something that can get someone a blog by the time they finish reading. I want to make no mistake on what blogging really is.
This is however the start of blogging. You understand now that the core is what keeps your blog alive and potentially successful. You still have to work on everything else, which is also important in the sense of publishing. If you want to talk about fashion and your blog is anything bug fashionable it doesn’t add value.
I don’t think that it is even possible to write a fashion blog without being fashionable. Hence my point.
Here here you, the beginning of your blogging journey. Have fun, create something valuable and share with the world.
Making Money with your Blog
I know that this is one of the main reason why some of you are reading this blogging howto guide. This section alone should be another post on itself. I will write it some point in the future and will add the link here. I do have sufficient knowledge to write it but I don’t not yet have a practical result to back it up.
Blogs have great potential to make money, actually many full time bloggers do quite alright financially blogging. Right now however, if all you have is a brand new blog with one post that I asked you to write, monetizing your blog should be the last thing to consider.
Focus on your content, once you have enough, you can look for suitable ways to monetize it.
Since you have made a blog by reading this blogging howto article I invite you to drop a link down in the comment section! There are still a lot more to cover as a blogger but for now, safe sailing and all the best to you fellow blogger!
Is day trading worth it? If this is the question you are asking then this article is for you. I am addressing this post to the students, learners, and new traders. I can’t think of a reason why experienced trader would ponder this question.
If you are here to be told yes or no, then my answer to you now is no. Walk a way, matter of fact, walk away from trading period. Anyone not capable of deriving their own sound judgement through research and logical analysis and be responsible for their decisions does not have the trader in them.
I intend to discuss is day trading worth it with you by presenting all the facts that I know through knowledge, research, and personal experience. By the end of this article I will present you with my conclusion. However, it is entirely up to you what you make of this knowledge. If you agree with me, I have some suggestions in the end that may help you becoming a day trader. It is entirely normal to disagree with me completely. I promise you there will be no hard feelings, quite frankly I don’t care about how you feel. I care about you as a trader and as a trader, your own intuition and judgement is forever your best friend.
At the same time, this is also not a technical post. There will be no tips, jargon, or tax break downs. I really don’t think you care about those things now. I will briefly touch upon the major differences between schools of trade and investors to widen the horizon and give investors the respect they deserve.
Is Day Trading Worth It: Get Rich Fast
To answer this question we must explore a few options. Firstly What do you mean by is day trading worth it.
Most people explores day trading because they think that there are vast wealth in the market just waiting for them to get rich quickly. That statement is absolutely half true. There are vast wealth in the market for sure, but can you benefit from it and can you do it quickly is another story entirely. Matter of fact, most day trader just do okay. Probably not much than the desk job that is paying your while reading this article. I feel that I don’t have to elaborate more on this, I think you can agree with me base on everything else you’ve read so far.
Is Day Trading Worth It: Stability and Freedom
So get rich quickly is not that easy through day trading, then what about financial stability? Is day trading worth it in that sense? If it is not vast riches that you are hoping for perhaps you can be your own boss and work on your own terms as a day trader. I’m a CEO of a modern trade company, digital asset such as stocks, Forex, commodities is something I trade. It sure is nice to wake up and do whatever you want. No boss to tell you what to do.
That is however not entirely true again. Putting all my other duties aside because it is irrelevant and I can’t think of any other successful entrepreneur that works less than 8 hours day. Hell I’m writing this article at 11 pm on a Friday night, but I do it because I like it. As cliché goes, don’t do anything you don’t enjoy.
Let’s assume all you do is day trading. Stock market typically opens at 9 am and closes at 4 pm. So for those 7 hours a typical day trader is in front of their screen(s) looking at charts and tickers. That optimal swing only comes once a while and you better be there to get in and get out. Yes, I know there are tools and computer programs, but you have to be there right? Autopilot does most of the flying but would you be on a plane without a pilot?
So that is 7 hours dedicated to your day trade. By the way there is no lunch break. It is true that unlike value investors day traders are mostly technical traders. If you don’t know the difference I will get to that later it is not that important at the moment. However, you still have to study the market! How are you going to know what is coming if you don’t prepare before and study the asset you intend to trade.
Lets say you now have to wake up at 6 am to catch the early news, do you exercise, eat a healthy breakfast and maybe meditate a little to get your mind ready. Day trading is extreme mental work. You need to make sure the market sentiment is as you predicted the night before. After the market closes at 4 pm it is a good idea to take a couple of hours to absorb what happened and plan for the next day too.
7 hours of mentally exhausting day trading and 5 hours prep work. That is 12 hours of solid good work that may not pay you more than your boss at the moment. I’m not going to take away your weekend for now, that is just mean.
Is Day Trading Worth It: LOL?
I’m not really making a case for day trading at the moment am I? Here is some good news, when you really start to get good at day trading. There is a few book worth of knowledge in that alone, so I’m not going to get into it, you could be making good income and have the luxury to not trade when you don’t feel like it.
Who am I to stop a millionaire from taking a vacation to the Maldives.
So yes, there is definitely stability and freedom when you become a good day trader. I can’t teach you how, trust me no one can, but a good book to start is the Reminiscences of a Stock Operator by Edwin Lefevre. It is a classic that will give you the trader’s mindset of one of the best technical trader of his time, Jesse Livermore.
Is Day Trading Worth It: Things to Avoid
I’m being blunt here, don’t bother with pink-sheet, OTC and penny stocks. Don’t know what they are? Good, you don’t have to. Have you seen Wolf of Wall Street? Watch it when you can. If you have, then the news is you are not Leonardo DiCaprio you are the sucker on the other end of the phone (computer) when you try to trade those.
If you are not part of the pump, you are the dump. I am over simplifying things here but because those market are poorly regulated there are tons of wolves just waiting to prey on the curious lambs (you).
Many new day traders end up throwing their money away on penny stocks because like name suggested those stocks are cheap. These same stocks also showcase amazing growth at one point or another. It is the perfect pump and dump trap for new traders that are capital strapped.
If you have couple thousand dollars and you want to day trade chances are your only option is penny stocks. BRK.A is $216,220 a share. GOOGL $800, AAPL $113. You get the point, with a small start-up fund there is nothing decent you can buy in volume to making money on the swing. So naturally many people end up buying 20,000 shares of XDE.Pink (totally made up don’t google). Say you picked up XDE.Pink for 10 cents a share, with $2,000 you end up with that many shares.
You are confident, because lots of people on a stock forum says its going to rally to a buck twenty by noon, and it sure look like it. WOW that is more than $20,000 dollar from your $2,000 in a jiffy! Chances are and I will put my money where my mouth is that will never happen. What most likely end up happening is you ending up with 20,000 shares of XDE.Pink worth of junk. Depends on where you go in on the pump and dump, you’d be lucky to come out with some money to cover your brokerage fees.
My verdict, stay the hell away from it. If you have limited capital there are better things than those markets. You can always use the money to buy some stock books too. Knowledge is sexy.
Is Day Trading Worth It: Capital
At this point I probably unveiled one of the biggest hurdle for new traders. If you don’t already have a lot of money it is difficult to start trading. If you have millions of dollars why would you day trade? Go read the Intelligent Investor and become a value investor, like Warren Buffet.
So here is a conundrum that I have presented you. If you already have a lot of money and want to become an investor I don’t recommend day trading. As Benjamin Graham wrote in the Intelligent Investor if you must day trade never put more than 10% into the swing. In the long run value investor always come out on top.
Here is a secret, if you want to try at day trading without risking too much money (or none at all) there is a type of market called the Binary market that lets you learn everything you need to learn as a day trader with as little as $20 to start.
I’m not going to explain too much about the Binary Market. You can read more in this post. What you do need to know about this market is that it is regulated and you do need all your day trader technical skills to be successful as well. Think of yourself a super day trader in this market. The difference is you are trading on the market not in the market. For example you can trade $1 on GooGL because you are not actually buying a share of google, instead you are simply participating on the prediction of the market movement. Exactly the type of skills you practice as a day trader.
In Binary Market you can trade stocks, currencies and commodities. There are more depending on the firm offering them but those are the norm.
Is Day Trading Worth It: Excitement
At this point I think it is fair for me to mention another key benefit of day trading. Excitement. Day trading is very exciting no question about it. Remember the cliché do what you like. Well, it is very easy to like day trading, nothing gets the adrenaline going when you caught the momentum in the perfect swing. Making money out of it in the end is almost a benefit to the ride.
In my opinion I think that is why day trading is worth it for so many people. If you happen to become good and make a great living out of day trading there is no job more exciting.
Nothing is more rewarding to a man than the affirmation that he is correct. And get paid for it.
Is Day Trading Worth It: Binary Options
At this point you’ve had enough of me. I said from beginning you may or may not agree with what I said. However if you are as I said learning the market, trying to explore more about day trading and finally decide whether is day trading worth it, then there is not enough articles you can read to make sense of it all.
The best way is to put yourself in the seat of a day trader, and my recommendation is to do it with the least risk and potentially highest return. Try it with Binary Options.
Hop over to these brokers, see what they are offering, sign up for a free demo account and start day trading!
Going out with my sidekick for a quick hike is the center of keeping my work-life balance everyday. It is a great way to get the body moving, stir some Adrenalin and come up with great ideas. Plus hiking is really good for health.
Walking is a prescribed medication for depression for some patients. I can only imaging hiking is very beneficial for everyone else.
There is this valley in the east end of Scarborough called the Rouge Valley Creek. It is right across from the zoo. Rouge Valley is a great hiking trail accessible to everyone. There are moderate amount of free parking space. Usually by the road side. Your car will be perfectly safe, the traffic on the road is very light. Most people that use this road is going to the valley anyway.
I been going to this valley with my sidekick for almost 5 years. We see the change in season, from green to white. Every season is different, as the grass dies hidden passage emerge. As the tide fall glimmering rocks points to new attractions.
The rouge valley creek is truly beautiful in the autumn. When the leaves turn red, the valley glowed rouge.