Trading eBay

eBay has taken a battering lately. Firstly Googles latest update removed over 75% of their search results, then they had severe data issues and customers had to reset their passwords while eBay tidy the mess up.

As a sort of thank you and to get people shopping again they have issued 1000’s of shopping vouchers from £20-£75 to use on the site. I personally got a £75 voucher so thank you eBay.

But if you look at the chart you can see that trading the news could of made you a quick few bucks. You can see where the arrow is pointing is the beginning of May when Google started their update and a sell signal is given.

You should keep an eye on this one as it may break back through and give a buy if things continue to improve.

ebaychart

 

A Good World Cup But…

Still no broadband!!! Only a few more days to go though… Unbelievable! Fortunately the WiFi-fon has held us up so must be thankful for that.

On the bright side I have read so much more than I normal do and have come up with some great ideas so that’s good.

Seriously though I have often found myself wondering how much time I actually need to spend online? All my online activities are running as normal yet I’ve only spent around a 1/2 of the time that I normally do maintaining them. Although I have done very little of my normal research, and have found no new products to sell.

If you haven’t read it The Chimp Paradox: The Mind Management Programme to Help You Achieve Success, Confidence and Happiness
is well worth a go, it’s all about managing and controlling your brain and I found some new mind management concepts in there and overall it’s a very interesting book.

I haven’t had the chance to finish the eBook update but it’s in my top 10 of things to do once the BB is back on.

It’s been great to watch the world cup and we all love it, but England are getting worse. Hodgson I find irritating and gormless, and hasn’t got the tactics right at all. But the players lack the passion and grit to win.

Vince Stanzione done a good post on what shares may rise and why during the world cup that you can read here.

Is the Internet Getting Smaller?

As a trader we are now officially in the quiet period, some still sell in May and go away, others hold on to their stock but expect minimal profits, even more concentrate on other areas of business; for me that means looking at improving my websites and increasing traffic and looking at ways to increase sales on Amazon, but it’s far from easy work.

One of the great things about financial spread betting is the fact that you don’t have to rely on your position in the search engine results to make money! Obviously if you have never tried to make money online that statement will mean very little but for others like me it’s a huge factor.

When the internet was new and evolving the world seemed so much bigger, like it really was a world wide web… but if you think about it now, the internet revolves around Google! And if you’re shopping, Amazon and eBay… Nine times out of ten if you are searching for any sort of physical product, be it a Sun Hat or HD TV the Google results direct you to Amazon or eBay so you may as well just go straight there. If you’re researching something specific like Gandhi the top listings on Google regularly point you to wiki.

So if you’re serious about making money online you need to be selling physical products on Amazon or eBay, trading the markets, or have a real niche site or product that will get to the number one spot with ease. It seems a bit sad to be honest but it’s true. Long gone or forgotten are all the other search engines by most… GOTO, Altavista, Dogpile to name a few. How often do you use another search engine other than Google?

Don’t get me wrong there are lorry loads of money to be made online but you have to be realistic as to where you are going to make it. As I have recently told you I have swapped eBay for Amazon and although it’s been a learning curve I can see it being a really smart move. Amazon is so much better than eBay in so many areas its unbelievable, and the biggest factor is that they send out your products and handle customer service… So you get a lot more time to concentrate on the important business or recreational things you wish to do.

As they say on the stock exchange “don’t buck the market” but it can be aptly applied to building a business online. If you’re not on the front page of Google you’re not in the race and if you’re not selling on Amazon you’re missing sales!

 

Back from Holiday

As I told you in my last post our broadband service got disconnected by mistake, so my partner and I decided to use have a quick break whilst everything got sorted out. Unfortunately we STILL have no broadband but BT gave us free Wi-Fi for the inconvenience caused by them; although not ideal it’s better than nothing and we have been assured we will have broadband back within 2 weeks.

I shall do a thorough update on everything over the next couple of days as I’m catching up on everything now we have some reliable internet service again, even if it’s a bit slow.

Something for you to ponder on, having no internet if you’re a trying your hand at day trading more or less puts you out of business if you’re working from home, so you could be losing far more than other long term trend traders by the simple fact you can’t trade. My positions do not need my constant attention so it’s not so bad. Just another point I thought to mention.

Ahhhhh No Internet access

Since last Thursday we have had no broadband!!! How did the world function before the internet??? Anyway as you can imagine it’s been a bit awkward but hey ho. Having to connect via my iphone has been slow going but better than nothing. In all seriousness though I have not missed it as much as I thought, and I’ve also been reading a lot more books so that’s a positive. It has however put my eBook back a bit but that can’t be helped, so my apologies but it’s almost done and won’t be much longer.

If you’re wondering how or why I have no broadband here’s the story… About 10 days ago a package from BT turned up with a router and Freeview box in it but addressed to someone we had never heard of. I kept it right by the front door fully expecting it to be collected as it was obviously an error because we are with Sky… Anyhow, Thursday evening the connection went down and was still down on Friday morning so after contacting Sky they told me that I had decided to leave them for BT and that BT have taken over the line so I need to contact them. So I contacted BT but they said I needed to contact Sky because they should have notified me I was leaving! But BT did admit that someone had placed an order and given our address so it was their fault and not BT’s!!! After all that, we had to place a new order with Sky and everything will be back to normal in about 10 days! It’s driving my partner nutty…

So last Friday I was at the business start-up show in London; the show itself was great if you were indeed new to business, in fact I evenVincesemlondon 007 found myself offering some of the exhibitor’s basic advice on occasion. But as I said if you are newbie budding entrepreneur it was a great place to start off and there was a great buzz around the place. Vince Stanziones 1hr session was packed, there were people sat on the floor in the isles because all the seats were taken as was the standing room. Vince recognised me and waved over and I felt a bit big headed in a funny sort of way… The speech he gave was how to start a business cheaply and it went down well, loads of people were getting their books signed and having their photos taken. I had a quick chat with Vince and got the quick run-down on the US shares market [they are still hot] and told him I was still long on some of the positions he gave us at his own London seminar, he agreed and said that he was.

Overall a great day out and good to see that the new business arena is buzzing again with people’s optimism…

200 day SMA trading

The 200 day SMA [simple moving average] will always be one of my favourite indicators not on because of its amazing effectiveness but also because it was one of the first indicators I was introduced to. But is it effective as a standalone trading indicator? If you haven’t read my free ebook I emphasize in that that you can clearly identify trends using it and then trade the commotion above the line to gain more points. But you most certainly can just use that single indicator effectively if you have identified a strong trending position. Also you can use your 200 SMA as a stop loss. Have a look at these charts beneath.

DIS UTX V

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The only down side is that using a single SMA you will encounter more false signals than if using a more in depth strategy, but this is the most basic and simple of strategies.

So as you can see you are kept in the trade until the 200 SMA is crossed, you can then either reverse your trade or wait until the trend resumes.

My updated eBook

As I have mentioned, I’m updating my original 10 x 20 guide with some basic trading psychology, banking plans and also a binary system. I was hoping to have it done this week but there is no way I can get it finished but will have it done by next week.

A Real life Binary trader…

When my partner and I went to Vince’s seminar we met a guy there that was heavily into trading binary options alongside his spread trading, it was very interesting chatting away with him and I was fascinated at the profits he was making [regularly £1000 + a day]

We have stayed in touch with him since then and he recently called me to tell me about his new system he has written and if I was interested in offering it to my readers? I said I’d love to review and get back to him. After reading his guide I’m I no doubt he can personally help you make regular daily profits from fixed odds financials. Also it is so refreshing to know that he’s in the UK and totally genuine, and does this day in day out and has proof of his winnings that he shares with you [fixed odds are not regulated like financial trading and spread betting] in a way very similar to Vince…

My lucky readers are going to be the very first to have access to this guide and seriously there are only 100 copies ever going to be sold so once they’re gone that’s it.

Another big factor to this guide is that you can start trading with minimal investment, like a couple of hundred quid will do and you can trade most hours as most of the trading is FX. I’ll get back to you once the package is finalized which should also be next week.

Business start-up show

I’m going to the business start-up show on Friday, Vince is talking there at 2pm but there is also a host of other speakers I want to hear and opportunity’s I want to look at, surprisingly it’s totally free so if interested you can get your tickets here.

 

 

Binary fixed odds trading

I am currently working on a new ebook that will include my original 10 x 20 system but will also have a section on how you can profit with fixed odds trading; also I’m going to cover the mental approach to trading and how to manage money like a winning trader. Also this is going to be made for kindle and it’s my first ever info product that I will actually charge for. But for my readers I’m going to be giving 10 copies away free so check back for more details on how you can get a copy.

What’s the difference in a trader and a gambler?

As a trader I often look at all other forms of trading, betting and gambling to see what and if there are any new or unique concepts that have developed or are developing. Mostly people reinvent the wheel and resell systems to gamblers. I’ve noticed this phenomenon over the years as a trader repeat itself continually.

Gamblers will always buy the new system that will make you a £1000 a week because they have gambled all their previous funds and are hoping to find a new silver lining. But on the other hand some people that say they are traders are actually gamblers, they just don’t know it! Some traders rely on luck and hope and even worse are in the business for recreational value… A trader decides on a trade and has an entry and exit plan, the gambler places a bet and luck provides a result occasionally or maybe even regularly but bad money management soon reinvests the gamblers winnings into other people’s pockets. The professional trader reinvests their profits wisely to make bigger profits in the future that go back into their own pockets.

Some gamblers do make money though and lots of it, but they act like traders. They look after their banks like real investors and have money management in place; they find value and trust their own judgement. They understand losing streaks but know in the long run they will profit. Just like traders they don’t rely on hope.

If you open a trade without a plan that suits you you’re gambling; if you fully understand yourself, your stress threshold, your ability, your self-discipline, understand risk and reward, have good money management and the ability to exit a losing position you’re a trader. If you prefer to place a trade and hope because all of the above sounds like too much hard work you’re probably a gambler. So which are you?

 

Trading the DJI using my System

Trading the Dow using my system since the beginning of 2013 to date could have made you a cool 3000 points + in profits in just over a year, Amazing returns… even using small stakes of say .50p could have netted you a tidy sum. Vince thinks it may reach an all time high by the month end so lets see???

DJI2013

 

 

 

 

 

Just goes to show, using a good trend trading system, free charts and a small bank, big profits can still be made in financial spread betting.

A system I forgot about

This is so simple… Vince mentioned this at his seminar and I totally forgot about it. If you haven’t heard of it before I assure you it’s a real no brainer; but it’s a good way to get involved in trading without risking anything if you are just learning the ropes or if you’re seasoned you may like to add it to your strategies.  Dogs of the Dow has seen some amazing gains in recent years 40% + some years! You can start anytime although they say last trading day of the year but if you read through the FAQ’s you’ll understand more

dogyrs