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Taking Stock In Your Company: The Rules For Business Trading

If you are interested in being a successful trader in business, there are a set of rules that it is recommended to stick to. I could give a lot of general advice in this article about “cutting your losses”, or “work the market”, but it is not conducive advice to give general platitudes. So, what I aim to do is to give you some ground rules to follow. If you are a new business, startup or SME then this information would benefit you greatly.

To be successful in trading, following set rules that have helped with a diverse amount of trading account sizes. Each rule alone is important. But when they combine the effects are much stronger. Trading with these rules can greatly increase the odds of succeeding in the markets.

Use A Trading Plan

To the uninitiated, a trading plan is a written set of rules that details  a trader’s entry, exit and money management criteria. Using a trading plan allows traders to do this well.

A way to test if a trading plan has legs, is to apply what is called backtesting. This is applying trading ideas to historical data. Doing this allows traders to determine if a trading plan is viable, and also shows the expectancy of the logic of the plan. Once a plan has been developed and backtesting shows good results, the plan can then be used in real trading. The best approach is to stick to the plan. Taking trades outside of the trading plan is considered poor trading, even if it is a successful trade. This destroys any expectancy the plan may have had.

Learn All You Can From The Markets

Traders need to remain focused on learning more and more each day. A lot of trading concepts require prior knowledge. So, it is important to remember that understanding the markets is an ongoing, lifelong process. If you are new to the markets, start with the basics. Use a site like Invested Reviews to give you a basic understanding before you progress. Or start with small fry, like penny stocks. Trading with smaller amounts can give you that confidence to build up experience and knowledge.

Know When To Stop Trading

Like when you are at the roulette table on winning streak, you need to know at what point you are going to walk away from the table. An ineffective trading plan can be the cause of this, and the other cause can be the trader themselves.

The trading plan may not be up to muster because of a change in markets, volatility in a trading instrument or simply the fact that the plan is not good enough.

If the trader is being ineffective, this could be due to external factors, for example, stress. A trader needs to be functioning at a high level to be able to cope with these external issues. A solution may be something as simple as taking a break and coming back to the table with a fresh perspective.

Using these basics, you can start to trade with confidence.

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Stop Living Hand To Mouth Once And For All

Living hand to mouth is something many of us do, yet none of us really like to admit it. Living hand to mouth is using your money as it comes in. You always seem to be waiting for that next pay day. You might even regularly find yourself in your overdraft or in debt because of it. Although earning more money can be beneficial, it isn’t always necessary. Here’s some advice that could help you to stop living hand to mouth once and for all:

Understand Your Income And Outgoings

The first step to stop living hand to mouth is to truly understand your incomings and outgoings. If you only pay attention to your income, then it’s no wonder you don’t have any money leftover at the end of the week/month. If you have more going out than you have coming in, you need to do something. Find ways to cut back and economise. Some people have gone as far as downsizing their cars, or even their home. This might sound extreme to you, but just because you could just about afford something doesn’t mean you should.

Act Like You Earn Less Than You Do

A good rule to stop living hand to mouth is to act like you earn less than you do. You don’t necessarily need to scrimp, save and watch every penny, but there are a few simple changes you could make to help you have more money left over. For instance, buying lunch every day can cost a lot of money, so why not buy the supplies to make your own for the week? Treating yourself to a coffee every day or even a couple of times a week all adds up too. If you were to buy 3 starbucks coffees a week, that would come to $6 or more. Over the course of a month, that’s around $24. Over time, this can really add up! Start acting like you earn less than you do when you go out to eat, catch up with friends, or go shopping. Take advantage of deals and don’t buy something if you don’t need it.

Create A Spreadsheet Or Use An App

To help you keep track of your incoming and spending, make a spreadsheet or use an app. There are so many apps out there that can do all of the work for you, and some of them will connect to your bank accounts so you can see what’s going on in real time. By using a spreadsheet, you can really personalize it to you. It’s a very organized way of keeping track of what’s going on, and the more you see yourself save, the more you’ll want to carry on!

Pay Off Your Debts As Fast As You Can

If you’re in debt, as many people who are living hand to mouth are, aim to pay them off as fast as you can. You should do this before you start saving. Having money saved is a must, but doing this before you’ve paid off your debts doesn’t make sense. Your debts will accumulate lots of interest, which means you’re actually losing money while you’re trying to save money. It’s worth knowing payday loan regulations so you know what you’re letting yourself in for. Some people find it useful to pay off their largest debts first so they aren’t accumulating as much interest, but others find it useful to pay off the smaller debts so that they ‘snowball’ and give them more momentum. It’s up to you which way you do it, as long as you get them paid off as soon as you can.

Save Left Over Money

When you’ve paid off your debts and you’re taking the tips in this guide, you should have some left over money each week/month. Don’t spend this money when you don’t need to. Put it in a savings account, so that you begin building wealth. Having a cash cushion behind you will help you to feel more at peace and give you a sense of security. Bear in mind that if you’re putting your money in an account that doesn’t accumulate interest, you’re not really saving. You should put your money in an account that offers interest, so you’re accumulating even more wealth.

These tips should help you to get your finances back on track, and stop living hand to mouth. Living hand to mouth can feel unstable and not very pleasant, so the sooner you stop, the better. It might take time to accumulate wealth and pay off debts, but you can do it with this advice and good focus!

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How Successful People Make the Most of Their Limited Funds

There’s a common misconception that only people with the most money can make successes of themselves. That really isn’t the case, and many businesses started out with nothing in the early days! The brains behind these operations have used smart techniques to make the most of their money along the way. When disaster has stared them in the face, they’ve been able to get around it. When opportunities have presented themselves, they have found ways to take them without spending over the odds. Read more

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Stay Safe With Any Investment You Make

Investing is something that everyone should start considering at a certain stage in their life. It’s not enough to just be a saver. You need to think about how to quickly increase your finances. At the same time however, you need to make sure that you’re safe when investing. You never want to be in a position where you could lose more money than you can afford. That’s why we’re here to offer some great tips that you’ll want to consider when investing your cash. Read more

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Protect Your Financial Future By Following These Tips

So many people these days don’t put plans in place to protect their financial future. It’s vital that you do this, and that you have some kind of organisation. Putting measures in place to help you prepare for a secure future is so important. Make sure you do what you can to cop me up with as many as you can.

Invest

Investing is a great way of giving yourself some sure financial footing for the future. But, before you do this, you need to know a little about investing and how to make the most of it. This means you’re going to need to know common investing mistakes and how to avoid them. You’ll also have to decide exactly what you want to invest in. This is the best way of ensuring you make the right choice and have maximum chance of a positive return.

Save Money

Saving money is something all of us try to do, and we all wish we could save more! There is no secret formula to saving yourself money. You just need to be sensible about what you spend and what your expenditure is. Some things, like mortgage and bills, you won’t be able to avoid paying. But, you can certainly cut the cost of other areas of your life. For instance, when you go shopping you need to try to make sure you only spend what you need to spend. Avoid buying stuff that isn’t essential, and try to make use of as many special offers as you can.

Debt Consolidation

You need to focus on dealing with any debts you might have. That’s why you’re going want to come up with some debt consolidation ideas. Debt consolidation is a vital cog in the wheel of battling debt. So, you need to find out as much as you can about it so you can get started. The best way to do this is to check out debt consolidation educational resources. These can help develop your knowledge and understanding of debt consolidation. Then you’ll be well placed to get yourself debt free and protect your financial future.

Make More Money

It might sound like an obvious point to make, but earning more money will help you a lot. The trouble is that this isn’t quite as simple as you may have thought. In order to make more money you either need to upgrade your job or switch careers. The only other alternative is to get an extra job to make some more income. And, the way to do that is to look for ways of earning extra money as simply as possible. You can earn money from the comfort of your home through a variety of methods including e-commerce, blogging, and surveys.

Looking after your financial future is so important for the sake of your family. You need to be in a strong and comfortable position in the future. And this means you have to make long-term preparations as well as short-term ones. The way to do this is to make sure you think about the different ways of protecting your financial future. Then you need to try to facilitate them as best you can.

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4 Ways to Manage the Growth of Your Digital Business

Do not wish freewheeling growth for your digital business. Any kind of growth should be carefully managed. If your company grows too fast, you will struggle to keep up with the demand and will eventually lose customers. Likewise, if your company grows too slow, you will lose potential customers and disappear from the public’s eye. You should grow your company moderately, attracting new customers, and addressing concerns of existing customers at a rate that your employees can handle. Here are a few tips to manage the growth of your digital business: Read more

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Great Resources To Learn More About Penny Stocks

When it comes to penny stocks, there is just so much to keep informed on. Even if you’ve been in the business for longer than you can count, there are always new things to learn. Check out this quick guide to 7 great resources where you can learn everything you need to know.

Penny Stocking 101

Timothy Sykes has been trading in penny stocks for more than 15 years. Over on his website, he has a great guide for beginners. It’s free and is a great refresher even if you already know the basics. Alternatively, because it’s so accessible and simply written, it would be great to send to any friends or family members who want to know more. The guide has sections including “Your Penny Stock Trading Mindset” and “Penny Stock Terminology”. You can find Timothy’s guide here.

This Huffington Post Article

Once you’ve checked out Timothy’s advice on his website, head over to The Huffington Post. Here he has written the article “The 10 Best Stock Market Books You Should Be Reading”. The list includes a book on the unusual success story of Nicholas Darvas. It also features “Confessions of an Economic Hit Man” by John Perkins, which apparently took 20 years to write. This list was only just compiled in November 2015, so will be current.

Market Watch

Market Watch is a very reliable name and brand. They produce some of the handiest articles, news pieces and guides out there. They range from beginner level, and articles like “10 Ways To Trade Penny Stocks” to business and investment news.

How To Trade In Penny Stocks For Dummies

If you like your information the old-fashioned way, in the form of a hard-back book, you’ll like this. The Dummies brand is well-known for its sense of humour and comprehensive coverage of topics. This book promises “guidance on identifying growth trends and market sectors positioned for rapid growth” and more. A word of warning, though; the most up-to-date version of this was printed in 2013. So, while this book is fine for a general overview, you may want to look online for more current trends and information.

Money Morning

Over on Money Morning, you’ll find an entire section dedicated to Penny Stocks. Here, you’ll find a comprehensive list of some of the best articles being written. These articles are also up-to-date, something that is crucial. “How to Pick the Best Penny Stocks in 2016” is one such example of this.

Financial Times

One of the biggest names in the financial world, the FT is a one-stop shop. Not only will you find Penny stock information, but you’ll also find a whole world other related resources. There are sections for topics like Personal Finance, Emerging Markets and Global Economy. These will help widen your knowledge of the marketplace even further.

And, finally…

Right here at Club Penny Stock, of course!

Club Penny Stock has been in the game for ten years. You can get a free subscription to our

Penny Stock Alert Newsletter; there is more info on this page.

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The Sloppy Investor: Common Investing Mistakes And How To Avoid Them

The world of investment is a dangerous place. Yes, there is a real chance that you can make a lot of money and get rich. But, there is also a chance that you could lose everything. The last statement is not supposed to scare you from making an investment, far from it. What it is supposed to do is make you aware of the hazards of making the wrong decisions. There are plenty of cases where potential investors get it wrong because they make mistakes, and you don’t want to be one of those people. Here’s how you can avoid the mistakes and make your investment successful. Read more

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China Telecom Shares Fall Amid Probe Into Boss

Hong Kong (AFP) – Shares in China Telecom dropped as much as three percent Monday after news its head was under investigation, the latest high-profile target in a corruption crackdown.

The firm, one of China’s big-three telcos, saw its shares trade as low as HK$3.62 ($0.47) on Hong Kong’s bourse compared to the previous closing of HK$3.73.

At Monday’s close the drop had narrowed to 1.34 percent, with the shares ending at HK$3.68.

The probe into Chang Xiaobing for “severe disciplinary violations” was announced by the Central Commission for Discipline Inspection, the watchdog of the ruling Communist Party.

The term is normally a euphemism for graft.

Chang had been “taken away”, according to an article in the respected business magazine Caijing, adding that he disappeared just days before a meeting of the state-owned company planned for December 28.

Chang’s phone was switched off and he had not responded to multiple calls, it added.

“Since last year, when the authorities were probing oil companies, we knew they would be doing this for other sectors. Now it’s telecoms,” financial analyst Jackson Wong from the brokerage firm Simsen Financial group told AFP.

Wong said investors were moving cautiously pending further details of the probe.

Authorities have been pursuing a hard-hitting campaign against allegedly crooked officials since President Xi Jinping took office in 2013, a crusade that some experts have called a political purge.

After a stock market rout this summer, the nation’s financial sector was under the spotlight with several high-level executives reportedly being hauled in.

Billionaire Guo Guangchang, dubbed China’s Warren Buffett, disappeared from public view earlier this month amid reports he had been detained by police in Shanghai.

He briefly resurfaced afterwards but his conglomerate flagship Fosun confirmed the 48-year-old was “assisting in certain investigations” by Chinese authorities.

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5 Penny Stocks to Watch in 2016

2016 has already been a tumultuous year in the stock market, with day after day of significant declines, followed by some upticks in the market. It’s a rocky start to a new year, which has caused investors of all types to wonder if their strategy is going to work as we continue this year.

From dropping oil prices to declining global markets, it’s difficult for investors to get a handle on how to make the best decisions, which has led them to seek alternatives to traditional stock market opportunities. One of these alternatives is penny stocks, which are frequently a less perilous way to invest even a small amount of money, and often a good way to weather rough patches in the overall market. While no investment is guaranteed, some penny stocks are grabbing the attention of investors, analysts and media outlets alike.

So as 2016 is now fully underway, what are 5 penny stocks to watch? Consider these:

Curis Inc.

Multiple media outlets have cited Curis Inc. as one to watch. This biotechnology firm is currently working on developing drugs that treat cancer along with a range of neurological and dermatological diseases. They work alongside other biotech and pharmaceutical organizations, and have at least a few drug candidates in the research and development phase. While Curis isn’t yet profitable, many analysts expect the company is moving toward a strengthening future.

Medical Marijuana, Inc.

The use of medical marijuana is expanding around the country, and picking up steam as a viable treatment for a variety of illnesses and pain management. As more states in the U.S. move toward making medical marijuana mainstream, companies like Medical Marijuana, Inc. are benefitting. There are also other similar companies which may be promising picks for 2016, although of course only time will tell.

Avon Products, Inc.

You’ve likely heard of Avon products, which are cosmetics sold through direct marketing. Avon also happens to be an inexpensive investment opportunity for people interested in penny stocks. Analysts believe Avon has plenty of room to grow, and it’s a stable company with a well-known reputation and a consistent history in the cosmetics and beauty industry.

Genetic Technologies, Inc.

Another viable option in the biotechnology sector is Genetic Technologies LTD. This company focuses on diagnostic medicine, particularly as it pertain’s to women’s health issues. One example of the innovation coming from Genetic Technologies is a breast cancer assessment tool called the BREVAGenplus. As Genetic Technologies gains ground as a leader in their industry, it could be a good option to explore in terms of inexpensive investment opportunities for 2016.

Lucas Energy

Based in Houston, Lucas Energy is an oil and gas company with shares that have ranged widely in their price. While oil and energy are taking a beating in the stock market currently, this could make it a great time to learn more about Lucas Energy, in the event this sector does experience a likely resurgence.

Finding Opportunities in 2016

Regardless of the penny stocks you choose to add to your portfolio in 2016, it’s a year full of new possibilities and excitement for investors who are willing to explore their options and learn more about the world of inexpensive stocks.