Run Your Life

The eCommerce Store – Year 2003

May
09

Having done well on eBay back in the day there were so many loopholes and it was so easy to make money due to the lack of people selling eBay was quality. Consumers were lapping up the fact they thought it was a carboot sale and enjoyed cheap deals.

I started selling all sorts to get a feel for it. Auctions mostly not Buy It Now.

I was looking for more opportunities and a friend of mine contacted me with his idea for a store that sold memory for cameras – SD Cards, Flash memory.

He needed big cash to get the prices down on the distributors this is where another work colleague came in who happened to have the cash that was needed. Basically this lead to around a £15k purchase of Lexar Memory Cards.

Putting them on eBay and they flew because it was so simple we were just the best prices around not difficult business sense here. Buy in large quantity then sell low = easy profits.

Of course, there was just no competition around then.

We were doing around £6 grand a week on eBay alone.

My friend was working but at the same time this was taking off quick – he learned to use a website building tool I think it was called http://www.ebuttonz.com/

At the time this was a great push button solution to get a store up within a day. Downside was using Worldpay as our Merchant who at the time used to take a cut of the transaction and then would hold your funds for 4-6 weeks!!

We couldn’t operate like this as we needed the turnover of cash – any new business knows cashflow is king.

Note: unless this has changed I would advise against using them.

At one point they almost stopped us trading as we couldn’t purchase new stock – luckily we found a new solution which was Sagepay formely Protx. These guys were great we could bank our cash quickly and turn it over faster.

To be continued…

How I Make Money with BetAngel – Year 2017

May
09

Strange how things work out and you end up testing a new way to make money online.

Since 2010 my SEO income has disappeared slowly before my eyes. I could work harder at getting clients but I cant seem to motivate myself to do so. Leads I hate but converting the client I can do well and ranking websites. Before you think it, yes I have ranked my own websites again things are just tougher/take more time now – to be honest I don’t have the patience to wait for rankings unless I am being paid to do so for a customer.

Online moves so quick I want instant gratification on anything I try – I can test a make money idea at 10am and have so much information on by 3pm that come 9pm I may have built a website or automated a procedure or even made money. If this happens and I havent spent much I may leave this idea to run or kill it within that day.

I am not a gambler and am not addicted to losing sorry but gamblers dont WIN or make a sustainable income. I used to have a little Saturday crazy accumulator bet which some people would laugh at with odds of 200,000/1 chance of coming in. I would bet wins on 20 x UK football teams to WIN outright.

At 0.05p with a chance of winning 250k I do it to test my best so gar is 13 wins from 20 —- For fun I will do a video on this soon to add to this post.

This all lead me to find BetAngel Software after testing Match Betting (another story post coming on that soon)

(rambling on sorry) – I wanted to build a picture around the reason I test ideas/strategies mostly for myself to revisit one day.

\\How I make money with BetAngel// (I write this and I am still using the demo 7 day trial)

The best way to do this is in screen shots for now then maybe a Video later.

Step 1:
I first watched around 20 of Peter Webbs Videos to get me comfortable with the software and the basics.

Step 2:
Traded Horse Racing using small funds straight away.

Step 3:
Tweaked the software to suit me then tested larger stakes.

Step 4.
Find a strategy that can be sustained overtime.

NOTE:

When I posted this I was using BetAngel because I haven’t used it since due to not being able to afford the monthly subscription I have forgotten what I did.

I will update this post when I use it again.

I was enjoying it but you need a decent bank roll to turn it into a sustainable business.

How to Exract Old Websites and Sell Them

May
08

This is a very niche little business I have never got around to starting.

Step 1. look for expired domains – https://member.expireddomains.net

Step 2. Go an look what the site was about – https://archive.org/web/

Step 3. Get this tool to copy the site – http://blazingseollc.com/blazing-tools/

Now copy it grab the folder it gives you then upload to your server and check out what the site looks like. Some images are usually missing so you’ll need to replace them.

Other tools to extract data.

http://www.newprosoft.com/web-content-extractor.htm

 

You Need to Build a bot for your Business

May
08

https://botpublication.com/10-bot-building-platforms-and-why-you-need-to-build-a-bot-for-your-business-b86fd26ba9f9

Do you need Bot?

It can help with customer service or to help sell a product from the front page of your website. Go and learn now and make money with them or use them for your business.

LIST of Words People Fall FOR When Buying

May
07

189 Powerful Words That Convert: Write Copy That Gets Your Customer’s Attention Every Time

Best use of words when you do adverts for anything online forums, ebay, PPC, Facebook, banners, article writing, point of sale.

I have used these words in all my marketing.

 

SocialMonkee for Easy Social Backlinks

May
07

Run a business selling social links or use them for you own websites.

Also add this to the mix its all you’ll need for SEO.

http://socialadr.com/

http://www.socialmonkee.com/

Email Sending

May
07

Very simple way to email people for marketing purposes.

The best tool for this was GSA Email Spider but the creator has taken it off sale.

You can use AtomPark for extracting and emailing people.

https://www.atompark.com/email-marketing-software/email-extractors/

ICAN Email Rules – you can email any business or person without consent as long as you:
1: state purpose of your message
2: how you acquired their email address
3: your contact details: name, address, phone

Example: Largest Singles Site in the World
Over 30 Million Members
Free to Join
www.affiliate-link.com

To unsubscribe click here

TOOLS
https://www.atompark.com/bulk-email-sender/
http://www.proxiesnow.com/buy-proxies.html
https://buyaccs.com/en/index.php

How to RUN Your Own SEO Agency

Mar
16

Get a domain or actually you don’t need one straight away just go to Warrior Forum or Twitter or Facebook do everything you can to find clients. This should be plenty.

Don’t over complicated anything.

Offer one service priced around $99

Use Canva and do something simple like a flyer style design – http://canva.com

You will do as many keywords as they want its simple and most website owners don’t have clue what they need.

Tools you’ll need:

https://search-engine-ranker.gsa-online.de/ (the monster you’ll need to learn to use it here) it will do everything for you on autopilot once you get good at using it.

http://websiteactorlive.com/ (use this when you can get a site – give them a script it works well).

https://serviceproviderpro.com/ (use this to keeping track of everything). $39 monthly.

http://www.blazingseollc.com/proxy

You will need some proxies if you use software and this guy provides a High End Product.

http://crowdsocialsignals.com/ (great for all your social signals).

http://seospartans.com/ – catch all emails needed again for the software I recommend you use.

http://greencloudvps.com – need $20-$40 VPS

http://dropbox.com (might need paid)

https://buyaccs.com/en (needed for emails or facebook accounts)

https://hitleap.com/ (send some traffic to a site to build up some Google score)

https://2captcha.com/ (needed for software)

http://socialmonkee.com (every website needs some social love)

But all of these to use for your clients sites.

http://high-pr-social-bookmarking-software.com/

http://high-pr-blog-submitter.com/

http://www.apple-developers-inc.com/edu-backlink-software/

http://www.apple-developers-inc.com/bulk-package/
Learn from theseguys how to use GSA SER. I could write my own but they do an Amazing Job of how to use it and set it up correctly.

https://www.inetsolutions.org/optimal-gsa-ser-configuration-updated-regularly/

https://www.inetsolutions.org/ultimate-gsa-ser-site-lists-building-step-by-step-tutorial/

https://www.inetsolutions.org/gsa-ser-verified-site-lists-of-the-gods/

Updates will happen on this post as I find better tools or strategies.

Day Trading Guide

Mar
16

https://www.dailyfx.com/sentiment?CMP=SFS-70160000000Nc3gAAC
http://www.bloomberg.com/markets/economic-calendar/
https://www.dailyfx.com/calendar
http://finance.yahoo.com/currency-investing

Quick review of this section:

We trade during the London or US session for about two hours on the one-minute chart.
Volatility doesn’t really matter; when it is high our stop loss will be a bit bigger, but so will our target (our position size will be smaller though). When volatility is low, our stop loss will be a bit smaller, but so will our target (our position size will be bigger though).
If you can make 4 to 6 trades a day, win 55% of the trades, and on average have wins about 1.5 to 1.7 (or more) times bigger than the losses, then you will be building a forex income. Play with these numbers to see how different scenarios and strategies could play out.

It seems easy, it isn’t. It takes a lot of practice and time to get to this level.
When trading, always follow one simple rule: always seek a bigger reward than the loss you are risking. This is a valuable piece of advice that can be found in almost every trading book.

Cut your losses early
Let profits run

Once you have a trading plan that uses a proper risk/reward ratio, the next challenge is to stick to the plan. Remember, it is natural for humans to want to hold on to losses and take profits early, but it makes for bad trading. We must overcome this natural tendency and remove our emotions from trading. The best way to do this is to set up your trade with Stop-Loss and Limit orders from the beginning.

If a trade is in your favor, let it run. It is often tempting to close out at a small gain in order to protect profits, but oftentimes we see that patience can result in greater gains.

no more than 1% of capital on any single trade. Professional traders will often risk far less than 1% of capital.

Times for EUR/USD – GBP/USD: Closes at 10PM UK TIME

Evening trading volatile!

I will choose 8AM – 11AM (test for exact)

EURO CURRENCIES

Remember: Traders panic on news so take advantage of this – if its bad news it will move in bear so quickly get in as they sell their position

Watch for support/resistant levels when you see side by side movement – then wait for move and get in on the Profit side – bear or bull. Profit quick and early 30% margins

risk/reward ratio: 1:1

Once set don’t touch unless you want more Profit so then adjust Stop Losses accordingly!

Possible tactic – if you are 40 pips away for Profit make your stop loss at least 40 pips away also to allow for volatility or market news

WARNING:
taking a position before a news announcement can seriously jeopardize a trader’s chances of success. There is no easy money here; those who believe there is may face larger than usual losses.

Day traders should wait for volatility to subside and for a definitive trend to develop after news announcements. By doing so there is likely to be fewer liquidity concerns, risk can be managed more effectively and a more stable price direction is likely.

The best way to avoid unrealistic expectations is formulate a trading plan and then trade it. If it yields steady results, then don’t change it – with forex leverage, even a small gain can become large. Accept this as what the market gives you.

As capital grows over time, the position size can be increased to bring in higher dollar returns. Also, new strategies can be implemented and tested with minimal capital at first. Then, if positive results are seen, more capital can be put into the strategy
The dealers are the most powerful and they make the market, setting prices and putting together deals.

The institutional traders work in banks, wire firms, or government agencies. They trade huge amounts of money at a time, and the size of their trades gives them enormous power.

Next, there are the advanced traders. This group is comprised of people from all across the world, sitting in smaller investment firms, offices, or even their homes. You can be a part of this group. In some cases, the advanced traders are the smartest group – trade for trade – than any other group. Because they don’t move a lot of money on each trade, they don’t have as much power as the institutional players. Because their trades are brokered by the dealers, they’ll never have absolute trading power. But, because there are so many novice traders – the advanced traders have plenty of people that they can outrun. Your goal as a forex investor is to aggressively take money out of the pockets of the novice traders.

Don’t feel bad about that. Someone’s going to take your money along the way, and it’s going to teach you, very quickly, lessons that can only be learned through failure. So, every time you take money from a novice trader, just remember: you’re teaching him a valuable lesson. After a while, you might even enjoy watching your hiking companion being eaten by the bear.

The Basics

Pips

Okay, now back to our program. To start, you have to understand what a “pip” is. A pip is the last number to the right in a currency. For example:

If the EUR/USD traded at 1.1335 this morning. The “5” is the pip. If it moved to 1.1535, which it did today, that would be a 200-pip move.

The next concept that you need to understand is the concept of leverage. It’s a lot like margin in stock trading, only on steroids. It’s a simple concept. If you have $10,000 to trade with, your forex broker will let you borrow money from him so that you can trade in larger quantities. They will let you borrow as much as 400 times (400:1) what you put up in a trade. Most brokers allow between 50:1 and 100:1 margin. So, if you put up $1,000, and your broker allows 100:1 margin, then you’ll be trading $100,000 worth of currency (instead of $1,000).

That’s important, because every pip equals a certain dollar amount. When you trade $10,000, each pip movement equals $1. The chart below shows how it goes from there.

If you trade 1,000,000 worth of currency, each movement would be equal to $100. So if you bought at 1.1445 and sold at 1.1545, you would make 100 x $100, or $10,000. Now, I don’t know about you, but I could live off of that much. That’s not saying, however, that you can make $10,000 per day. Of course it’s possible, but there are a lot of factors that make it very difficult. Like, how do I know that it’s going up or down? When should I get in a trade?

Even more importantly, can you deal with the emotions of forex trading?

Alan Farley, a trading expert, rightly observes that mastering the emotions of trading is more difficult than mastering the technical skills. You’ll soon find out what he means by that.

Amount Traded $ Per Pip

$10,000 $1

$50,000 $5

$100,000 $10

$500,000 $50

$1,000,000 $100

$5,000,000 $500

Greed

Most traders in the forex market try to make a zillion dollars on every trade. They’re greedy. This leads them to stay in a good trade, hoping to get more money out of it. This can lead to disaster — the trade can move against them and they get creamed. This happens all the time, and it still happens to me from time to time. It’s the single greatest threat in trading. But you can already understand why that’s probably true. But how do you overcome greed when trading?

Revenge

This is the other big one. A lot of traders get creamed in the market and then want to strike back. So they double their last order and go for broke. This is natural, and I still deal with this emotion every day. The problem is, how does one combat this?

Do not underestimate this emotion. It will drive you to ruin if you let it. The market is not your friend. The market is so much more powerful than you are. You cannot get “back at” the market. Trading when angry or vengeful will be a total disaster. If you get rocked on the market, then back up, take a deep breath, and talk to a mentor. Re-read the charts. Take a break. Even if you think you see the best opportunity in the world after you get blasted – just take a break. There will be trades tomorrow.

A Different Strategy

It’s as simple as this: I don’t try to make a ton of money on each trade, and I never try to get revenge. I’m not a scalper (someone who sits and makes 20-second trades for a few pips at a time).

Instead, I set up good trades, that have a lot of potential, and then I shoot for 10 pips. Just 10 pips. That’s it. I don’t let myself lose a lot of money. I only try to get 10 pips, and if that’s all I get, then I’m out for the day. It’s easy enough to get 10 pips that once that threshold is met, it’s okay to get out. When you know that you can turn turn $10,000 into $130,000 in one year on 10 pips a day, it’s no longer important to strike back at the market or get greedy on one day of trading.

And you can learn to turn $10,000 into $130,000 in one year on just 10 pips a day.

Why is this innovative, different, or revolutionary? Because you are going to not only take money from novices with this strategy, you’re going to take money from other advanced traders. Advanced traders want big money. They didn’t spend years learning to trade so that they could make $200 a day. They want big, big returns. They go for 40 pips at a minimum. They are conservative with their trading capital because the market can take BIG swings against them when they’re waiting for 40 pips. Advanced traders think I’m nuts for getting out of a trade at 10 pips. What if it goes to 40 pips? Won’t I be upset that I missed out?

Not at all. I’ll show you later how I can still make those 40 pips. But I’m never displeased with 10. First, though, I’ll explain stops and limits.

Stops and Limits

A STOP is placed so that you don’t lose too much money. For example, if I bought EUR/USD at 1.1445, I would start losing money if it started moving down. So, I might set a STOP at 1.1425 — meaning, if the currency drops to that level, the system AUTOMATICALLY exits the trade. I’m out 20 pips, but that’s a lot better than being out 40 pips if it starts tanking really fast (and this happens all the time, as you have seen).
A LIMIT works the same way, only for gains. If I set my limit to 1.1535 on that same trade, then later in the day (or the hour), when the currency moves up to 1.1535, the system AUTOMATICALLY exits the trade, and I make money. This happens whether I’m still at the computer, or down the street, or dead. THIS IS THE ONLY WAY TO TRADE IF YOU’RE NOT GOING TO BE PRESENT TO WATCH THE TRADE.
My system for trading relies heavily on three things:

1. Technical analysis – a ½ hour, 3 hour, daily, weekly, and monthly chart.

2. STOPS and LIMITS.

3. 10-pip goal every day. This requires DISCIPLINE.
If you started with $10,000 on January 1st, and earned 10 pips per day, and only traded 17 days of the month, then you would end the year 2,000 pips UP, and with about $130,000.

If you continued the next year with 10-pips per day, the next year you would be making between $10,000 and $17,000 per month trading (depending on your risk tolerance). Can you do this? Absolutely. Can you do this today? Maybe, maybe not. You have to dedicate yourself 100% to learning how to trade intelligently.

The 7:10 Principles

1. Buy and sell on breakouts. I teach this in the 1 on 1 training, and I do it myself.

2. Stop trying to make $8 million on every trade.

3. Set a 10-pip limit only. Exit the trade at 10. Exit the trade at 10. Stops are set based on market conditions, but are always set.

4. Goal: + 10 pips every day.

5. If I earn more than 10 pips on a trade because the trade moves so fast in my direction, I can set my stop to protect the 10 and then go for more. I like to teach traders to just start going for 10. There are advanced strategies that go for more than 10, but we just start here.

6. There is no ‘makeup’ strategy. If I take a loss, then I’m just trying to end up with a 10 pip gain for the day. If I can’t get it, then I don’t try for 20 the next day, or whatever. I can keep trying for the 10 pips gain as long as I haven’t lost more than 5% of my capital.

7. Time: I can trade for 5 hours per day, meaning I can have the trading platforms open and sit at my computer for a max of 5 hours per day. If I can’t earn my 10 pips during that time, then I can set my stops and limits and walk away, but I can’t actively watch the market any longer.

The Daily Routine

Here’s a daily routine that I’ve used in the Strategy:10 system. Some of the most successful months of my trading career happened when I followed this plan. Up at 3:00 am EST. Check the charts.
Ask the following questions:

1. Where did the USD close (5pm EST) yesterday against the majors?

2. What effect will today’s economic reports have, if any, on the forex market?

a. FED interest rate movements

b. ECB decisions

c. Unemployment – Weekly Moving Average above or below 400k?

d. Greenspan speaking?

3. Are we at an all time high or low on the EUR or GBP or CHF? Or:

a. Are they way oversold or overbought? Is it better to not trade today?

4. If I make a trade now, what might go wrong? What’s the most I’ll lose? Gain?

Is the market just dead quiet right now? Moving fast?

5. Is the EUR or GBP moving right now? How far are the pairs from support and resistance?