Profiting Off Marijuana Stocks If You Are A Day Trader

When you become a day trader, you are going against the grain. You are picking a way of life and a method for making money that corporate stuffed suits look down on and traditional investors look at as a Wild West offshoot of real financial work. The parallels with the marijuana stocks are striking. There is no other growing sector that is more opposed to traditional business. The numbers are huge and the appeal to counterculture agitators is there. That is why there is such an opportunity to profit off marijuana stocks as a day trader.

 

Day trading is all about taking advantage of volatility. You need violent fluctuations in share prices in order for day trading to be profitable. When stocks go up 30 or 40 percent during a day, that means that there is opportunity to buy low and sell high. With all that volatility, you will run into some risk, but the key is to manage that risk accordingly.

 

While trading in marijuana stocks of companies that are actually selling the product in states with legal recreation statutes can be risky, because of the chance of random federal enforcement, it stands to reason that you can make better decisions by investing in biotech stocks of companies that work in the medical marijuana field. They are generally safer marijuana stocks to put your money into. The medicinal market is much more regulated and likely to grow steadily over the next few years.

 

Of course, though, if you are day trading you are going to want to go with the sector that has less steady growth. You can apply strategies like gap & go trading to these stocks. Finding a gapper or a stock whose share price has risen over the closing price the day before in the morning is a great sign. You need to confirm other factors, such as the overall float or number of shares available for trading and a breaking news catalyst for the pre-market rise in price, but once you find that you are off to the races. Gappers that are up 4% over the day before a likely to shoot off on a run that will move your profits upwards.

 

For slightly longer term trading strategies, it makes sense to check out companies like the Green Organic Dutchman, a Canadian company that is aiming to be one of the largest producers of organic cannabis in the world. The IPO is on the near horizon, but finding out about companies like these early on can make your ability to profit off of marijuana stocks that much easier. Canada is ahead of the United States in the legalized production and sale of weed, so marijuana stocks from Canadian companies are more likely to be long-term winners than U.S. companies.

 

No matter if you are day trading or looking at some longer plays, you want to educate yourself as much as possible about investing before you risk your money. When you link up with a day trading education site, you can start by paper trading, or trading with virtual currency in a simulated brokerage account. That kind of practice can have long term positive effects on your bottom line.

Why Clover Credit Card Processing is the Best POS System?

When it comes to running your business, one thing is a must-have item these days. You must be able to accept all forms of credit card payments. Whether you’re on the go and you choose the Clover Mini  or you have a storefront, you need to offer these services to help your client base continue to grow. People who only accept cash lose a variety of clients every day simply because they do not have this technology at their fingertips. With the Clover credit card system, you do not have to worry about lost business anymore.

Accept All Cards

Whether you want a compact on the go system or you like the look of the Clover Flex POS, all the systems make it easy to accept a variety of card payments. These days consumers can pay with their smartwatches or even their smartphones without ever taking a card out of their wallet. With these advanced systems, you can accept all types of payments and keep your customers returning day after day.

Streamline Your Business

The variety of Clover systems offered by Merchant Account Solutions allow you to do so much more than just accept credit cards. You can keep up with store inventory, employee timecards and so much more. You can let your clients check out at their table once they’re through with their meal or you can check them out on the go at the local vendor fair or food truck event.

With the Clover credit card systems in your business, you can take your company to the next level. You can accept all forms of payments, make business processes simpler to handle and keep your clients coming back to your location. Merchant Account Solutions can help you find the perfect Clover system to fit your business needs.

The Bottom Line: How To Day Trade

Someone called me up the other day and asked me for the best tips to learn how to day trade. I did not have to think for very long before I gave my answer: Be smart and stay disciplined. Basically, you need to know your strategy cold and execute it, over and over and over.

Don’t deviate looking for home runs. Don’t search around for the big winner that will make you an insane profit for a year.

Start small. Read about the trader that started with $1K and traded up to $8,653 in 30 days. That takes smarts and discipline. One of the keys is risk management. Don’t bite off more than you can chew. Make small trades, take small wins and stay steady.

That gain of 750% in one month is not normal. That is the result of an expert trader going back to his roots and seeing if he could still make it work with just a tiny account. Learning to day trade is hard, but making that much profit in such a small amount of time is one of the benefits of years of hard work.

Learning how to day trade takes a lot of effort. But it also takes the right kind of effort and the right kind of training. 90% of traders who give it shot will fail. But not because they are not working hard or putting in the hours. It is because they are not following the proper strategies.

Warrior Trading will teach you the basics of momentum trading, gap and go trading and reversal trading among others. But that is only part of the story. You need the discipline to manage your risk when you are out there trading.

Pick the right stocks, manage your risk, identify winners and then you will ready to look at Level 2. Watching the Level 2 after you have the requisite training and experience means you will being to anticipate where the stock is going to go.

You need to understand profit/loss ratio and what percentage of profit you need to be successful. That is an essential component of managing risk.

So if you think you have what it takes to become profitable off the stock market in 2017, contact Warrior Trading on Twitter. They have the experience, expertise and tools to teach you how to get where you want to go.

15 Terms Everyone in the Stockbroking Industry Should Know

Like any kind of profession, being a stockbroker has its own lingos and jargons. If you want to succeed in stockbroking, then you must know about common stockbroking terms. The last thing you want is a client asking you what a term means and you will look as if you are a deer caught in the headlights. It makes you look like you don’t know anything about your industry.

To help you with that, this article is going to enumerate the top 15 terms that you should know when it comes to stock broking with cmc markets.

  1. Bear Market – market direction can be in either up, down or sideways. If the market is going down (when the stocks and assets values are going down), then this is also known as Bear Market in the financial industry.
  1. Bull Market – remember we discussed the market could go up, down or sideways? Well, a bull market is the complete opposite of the bear market. This translates to stocks and assets going up.
  1. Blue Chip Stocks – in every industry, there are a couple of established companies that are big and stable. These are attractive to some investors because they usually offer dividends and they have the reputation of being safe. These kinds of companies are also known as the Blue Chips Stocks. The terms come from casinos, being the chip that is colored blue is often the highest denomination.
  1. Day Trading – a person can hold a stock for days, weeks or months. There is no surprise to that. However, there are professionals who open a position and close a position all in a single trading day. This is what is termed as day trading.
  1. Dividend – some mature companies offer back part of their profits to shareholders. The profits that are given back to the shareholders is what is known as dividends. Keep note that not all companies offer dividends.
  1. Exchange – when traders and investors buy and sell stocks and other assets, they do it in a “market”. In this context, the market is what is known as Exchange. An example of an exchange is the New York Stock Exchange and NASDAQ.
  1. Hedge – nobody knows the future and the market could go against you. This is the reason why some professionals use mediums to limit their losses such as stop losses or using future options. The idea of limiting losses in the stock market is known as Hedge or Hedging.
  1. Execution – in the stock market, you place an order either to buy or sell. Once another party has agreed to buy or sell (depending what you want) and proceeds with the transaction, then this what is knon as execution.
  1. Index – the stock market has its own benchmark that investors and traders often compare their results. The benchmark they compare to is the commonly the index. Index is basically a collection of the biggest and leading companies within a sector or group. An example of an index is Dow Jones Industrial.
  1. Initial Public Offering – stocks are actively sold every day, day in and day out. Yet, it has to start somewhere. Hence, the first time a company that sells its stock publicly is what is known as Initial Public Offering, or commonly known as IPO.
  1. Margin – you can loan to buy a car or house, right? Well, you can also loan from your a stockbroker to buy more stocks. The difference between the money you loaned and the value of the stock is known as the Margin.
  1. Portfolio – when someone uses the term Portfolio in the financial industry, this means that he or she is referring to the collection of stocks and other securities that he or she owns.
  1. Quote – so you own the stock, and you want to know what the latest trading price of your stock. Then you are asking for the Quote from your broker.
  1. Spread – selling and buying stocks is like negotiating. Some are asking for their buying price and some are offering their selling price. The difference between the two is known as the spread.
  1. Volatility – some stocks are stable thus their price movements do not swing so much. Some are the opposites, and can widely swing. The intensity of the swing is termed as volatility. Thus, if it swings so much, the stock is termed as highly volatile.

So there you go, these are the 15 common terms that are often used in the stockbroking industry. Learn them by heart just like any other good stock broker. Also, these are only a few of the many common terms in the stockbroking industry. So don’t stop exploring and learning new jargons.

Starting a Website is Key to Financial Independence

maxresdefault (1)

I have been in the blogging game for several years now, and I started getting into it long before the world realized the monetary benefits that came along with it. Running a successful website can create wealth that you never thought possible, but you truly have to enjoy creating new content and constantly improving upon your existing site. Regardless, the most frequently asked question that I receive is always about how to start a blog. Truth be told, starting the website is probably one of the easiest tasks to complete in the whole process of earning money online.

The first step in the process is finding reliable and affordable hosting. Companies like Wix website builder are beneficial for newbie bloggers because they offer the all-in-one packages for those just starting out. First, you decide on a domain name and then you register it. They have you covered there. Then you need a package to host your actual domain on a server, which they also provide. Lastly, you need to be able to make the site look pretty and interesting. Their easy-to-use site tools allow even the novice users the ability to create a thought provoking website right from the get go.

As I said before, the process of starting a blog is much easier than getting your blog noticed by others. Website promotion is really the more difficult aspect of running your own site. You want to be able to get your blog in front of as many new people as possible in order to build up and retain a solid readership base. There are a few different ways to go about this. First, consider that a large portion of your audience will be directed to your website via search engines like Google and Bing. This is important because the more the powerful search engines recognize your site as an authority in your related subject matter, the more traffic they will send you on a daily basis. The most important aspect of getting noticed and picked up by the search engines is writing long and meaningful content. The better your writing quality and relevancy to your subject matter, the better your search engine results will be. Next, you have referral traffic. This is the amount of traffic sent to you from other websites. My favorite tool for driving this number is guest posting. By teaming up with similar websites like yours, you can create and post fresh and interesting content on an already established site and use that to capture the attention of new readers that will inevitably visit your blog after reading the article. This is a marketing technique used since the beginning of the internet and I can attest to its effectiveness. Lastly, there is the direct readership base. These are the people that are already familiar with your site, usually based on the effectiveness of the methods mentioned above. They know they already enjoy your articles and site content, so they either simply type your site URL in, or perhaps utilize your Feedburner subscription, or maybe they are following you on Facebook or Pinterest and they catch your most recent content that way.

Once you have a website setup and established, and you are driving real daily traffic to your site, there are a number of ways you can then monetize it. Once your website is viewed as an authority in its niche, you will start to see advertisers email you for direct placements on your site. This could be in the form of an unbiased review written and posted by you, or perhaps something simpler and more prominent like a banner on the homepage sidebar. Then there is the more passive forms of income like CPC ads and affiliate related income. CPC means cost-per-click, which translates into revenue every time somebody clicks on an ad on your site. The easiest way to illustrate this is Google Adsense. I’m sure you have seen those text and image banners splattered throughout the various websites you typically visit. Every time you click on those, and especially when it leads to an end sale, you inevitably send a chunk of revenue to that site owner. Not a bad deal for them, huh? Affiliate income is similar but with a few different twists. This is where you promote products and get a cut of the sale. Consider yourself an online salesperson that is paid by commission. One of the biggest and well known affiliate programs out there is Amazon Affiliates. You can post Amazon affiliate links throughout your site and whenever somebody clicks on them and makes a purchase from Amazon you will then get a certain percentage of that sale. Considering how popular Amazon is now, only the largest online retailer in the world, there is a safe bet that with a little bit of traffic you can bring in lots of money.

Again, the key to making money on your site is driving as much traffic to it as possible, via any means necessary. If you used Wix to setup your website, then you have probably noticed some other nifty tools they offer as well. Consider the built-in SEO wizard that will help you tailor your unique content so that it enhances the traffic to your higher ranking keywords. Don’t forget about the power of creative newsletters! Having a working and viable email list is key to converting sales. When you want to blast out new promotions and other offerings from your site or services, having a tool that manages your customer emails and allows you to quickly send them new and relevant content can be quite powerful. This is particularly where Wix Shoutout comes in handy! They have great interactive social media tools, a detailed stats tracker, and an easy-to-use email editor for those technologically challenged.

Please see this informative video for useful tips

Why You Should Get Your Personal Finances Into Shape Before Starting a Business

If you are thinking about starting up a business of your own, you might assume that it will fix all of your financial problems. However, you should know that the opposite is often true. Even though going into business for yourself can be a wonderful thing, it’s also financially risky. Half of the start-ups that are opened in the United Kingdom fail within the first year, and you don’t want to be a statistic. This is why it’s critical to get your finances in order before you ever try to open your doors.

Owning a Business is Stressful Enough

The truth is that owning a business is stressful enough as it is, especially during the infant stages of the company. Financial issues can be stressful, too, and you probably don’t want to deal with a double whammy of both of these types of stress at once. Eliminating your financial issues before you get started in business can prevent you from staying too stressed out once you open your doors.

It Can Cost More Than You Think

No matter how carefully you have planned out the opening of your new business, there is still a chance that things will be more expensive than you anticipate. Unfortunately, this means that you can go over your budget quite easily while just starting out and while operating your new business after its opening.

If you square away your finances first, you will be better able to handle any additional expenses that pop up with your business, and you won’t have to worry about these costs affecting your personal finances as much.

You Shouldn’t Skimp on Your Business

Some people who start their businesses on a limited budget end up cutting corners to try to save money. Even though there is nothing wrong with looking for ways to save cash while opening and operating a business, cutting corners in the wrong places can be harmful for your new company. If you have a little more money to spend, however, you may be able to afford better things for your new business.

It Can Take Time

Businesses don’t usually take off overnight. It can take time for even the best of businesses to begin to see a true, steady profit. If your finances are in bad shape, it can be tough to make it through these times. If you get your money in order beforehand, however, it’ll be easier for you to wait it out and allow your company to grow.

If you’re thinking about starting a business while your finances are in bad shape, you should know that you are better off getting things under control first. Luckily, you can take out a loan or look into other options to get your finances into a good place before you start your business.

Money Saving Tips for Small Businesses

The world of business is highly competitive and always changing. In order to be successful, small start-ups must embrace a flexible approach and be constantly mindful of the balance between their outgoing expenses and the profits coming in. When competing against well-established companies, it’s important that small businesses do everything they can to boost their bottom line. There are plenty of simple ways that small businesses can save money, and most of them are easy to implement.

Smart Technology Choices

Laptop computers consume around 90 per cent less energy than their desktop equivalents. Think about whether your office really needs to invest in desktop computers, when portable alternatives are cheaper, lighter and will save you money in the long term. You can even go a step further and purchase second hand laptops from specialist retailers like SSC Trade. By using second hand technology, you’ll save a packet on the cost of kitting out your office. Another way to save money is to review your office telephone usage and research ways to reduce this expense. You may want to cut down on the number of phone lines that your office has, change your usage plan or replace your current provider with an internet based service. For instance, When in need of a loan, one can always leverage the equity of their home. It is important to become familiarized with a home equity line of credit.

Office Supplies

How often do you order office supplies? You should order in bulk once a month or once every two month. Printer ink can be very expensive and have a serious impact on your budget, so look into ways to cut down your use of ink. Encourage employees to share printers and print only when absolutely necessary. Moving towards a paperless office is great both for your budget and for the environment. You can also save money by using staff to do simple things like turning their computers off at the end of the day, and therefore reducing your office energy bills. Consider having overhead lights fitted with daylight sensors. These sensors will automatically switch off lights if there’s enough natural light in the office.

Working Remotely

Renting a commercial space can be a very costly endeavour, so it’s important to think about how big your office really needs to be. If some members of staff would be better suited to working at home, why not offer this to them? Employees who have young children or elderly parents to look after will appreciate the opportunity to work remotely, and this will save your business valuable office space. The unused space can be sublet or you could make a deal with your landlord and negotiate not paying for rooms that are not in use.

Shoddy Accounting is one of the biggest reasons Startups Fail

Approximately 90% of all new businesses fail according to statistics, a frighteningly high number that makes you wonder why anyone would even start a new business these days.

If you do plan on starting a new business however, you need to know that poor accounting is one of the reasons many startups fail, and do your very best to avoid both the legal and reputation problems that it can cause.

Today’s blog will look at a number of excellent invoicing and accounting tools that will help you do just that. Enjoy.

The first is QuickBooks,  which has been around for quite a few years. It offers everything you need as far as accounting software is concerned, and can take care of invoicing, payroll, profit and loss sheets, balance sheets and bill management, among other things. You can also use QuickBooks to prepare your taxes, print out checks and also use it to accept online payments, because it’s integrated with Apps like PayPal, Constant Contact and Square. Even better, you can choose the features that you need and only pay for those, and the software comes with a 30 day free trial.

One service with an excellent task management tool is Invoicera, which will track the amount of time that you spend on any particular project and also assign tasks and evaluate their progress so that you can increase your productivity. If you’re a new startup with less than 3 clients you can use Invoicera for free but, at only $19.95 a month for their premium plan, it’s still a good deal.

If an intuitive accounting program is what you’re looking for, Zoho Books might be your answer. It can help you to calculate your taxes, has a time tracking tool and you can use to access customer data and send quotes from any device and, like QuickBooks, you can also integrate it with payment gateways like PayPal.

Over 1 million entrepreneurs and small business owners are already using a cloud-based, integrated accounting software called Wave. Approved by certified accountants, Wave provides accounting software that’s easy to use and understand, let’s you create a business reports and help you to keep records straight by uploading receipts into your Wave account. It’s also, for super low cost startups, absolutely free.

Lastly there’s FreshBooks, an invoicing and accounting tool that Forbes magazine has called “incredibly user friendly”. It allows you to do such things as schedule recurring invoices, track monthly expenses, capture billable hours and even see if a specific client has viewed your invoice or not.

All 5 of these excellent accounting programs and services are readily available to entrepreneurs and small business owners and, if making sure that your accounting stays up to date and correct is important to you (and it should be), using any one of them would be a good idea.

The Jobbie Entrepreneur

When hobbyists want to make money from their hobby, often they end up with what I call a “jobbie.” A jobbie is a hobby disguised as a business or a career. This happens because, as noted, someone decides to make a product or offer a service associated with a hobby. Or, they have a pursuit in an area that they love that doesn’t really make them a full salary. My litmus test is that if you are pursuing the endeavor full time and are not making in profit—not sales—the minimum wage (currently $7.25 per hour at the federal level, higher in some states) on an hourly basis and have no real, credible plans to do so, you have a jobbie. Additionally, if you are not pursuing your endeavor on a full-time basis, and are rather dabbling and making some cash on the side, you also have a jobbie.

Jobbies tend to disproportionately affect certain groups, such as stay-at-home moms, creative types, recent college graduates, and good-old dreamers. There is nothing wrong with a jobbie inherently. It is actually great if you can make a bit of extra money from your hobby or can support your hobby, instead of having a hobby that just sucks up your money with nothing to show for it except for some fond memories. Just be realistic about it and know what it is. Make sure that you are not dependent on the jobbie as a source of income. You are not going to do yourself any favors by pretending that you are starting a business that ultimately goes nowhere because it didn’t have the foundation to be a business. Also, when you have a jobbie, you can sucker yourself into buying crazy amounts of inventory, spending an outrageous sum on a high-end website, and costing yourself a lot of money with delusions about your jobbie’s potential. Jobbyists sometimes dream that they will make huge sums of money from their side business. If you think that you are going to make a ton of money, create a real business plan, complete with financial statements and reasonable assumptions, and then evaluate whether it is a bona fide business opportunity or a jobbie.

You can also delay making real money by kidding yourself that this jobbie is actually going to become a full-blown business. Sometimes that is the point of a jobbie—a crutch to fall on so that you don’t have to get a real job. Just be honest with yourself, even if you aren’t with those around you.

That being said, a jobbie may actually be a perfect alternative to starting a real business. If you can pursue your passion and make a bit of side money, you may be able to satisfy your personal wants and needs without taking on an inordinate amount of risk (again, assuming you are cognizant that you are starting a jobbie and not investing at the same levels that you would for a bona fide business).

The Idea of Get Rich Quick Scheme

Many people who want to get compensated for their business ideas are basically get-rich-quick type of people (otherwise known as lazy and/ or delusional). There is no getting rich quickly in business. Businesses require work. Here is my final attempt to demonstrate why you can’t depend on ideas to get rich quickly.

There is a young man who calls me every six to nine months. He was pawned off on me—I mean “referred” to me—by one of the lawyers I do a lot of business with. Sometimes referrals are great, and sometimes referrals are someone’s way of passing the buck. This particular situation is the latter, and I have never forgiven my lawyer friend for this “referral.” I will call this young man Chad. Chad is desperate to make money from ideas, but doesn’t have much else to offer.

Chad first contacted me because he knew of a great niche food manufacturing and marketing business that he wanted to buy. He had a contact (I use that word very loosely, as it was his word, not mine) who was a part of said company’s board of directors. This contact apparently told Chad that the company’s shareholders would consider selling the company for the right price. He wanted to see if I could help him raise the money to purchase the business.

I will keep a long story very short. When asked how much money he was going to contribute, Chad had none. Not $10,000, not $1,000; he literally didn’t have a penny to contribute toward the potentially multimillion-dollar purchase price. When I asked Chad what his previous experience was in the food business that he was going to bring to the table ostensibly to help grow the business and create more value from it, he said he had none. Invariably, I told him with no money and no experience, he wasn’t going to make a great partner for any investors who might consider helping purchase that food company. He was expecting to earn ownership and even a management position in the company, but what was his added value to the business going forward?

His answer; “It was my idea to buy it.” I quickly explained that it wasn’t a very novel idea and that without anything else to contribute, he wasn’t going to be able to make that happen. I thought he understood, and Chad dropped that idea.

Chad and I had many similar conversations relating to other “ideas.” My most recent contact with Chad was a few months ago. I felt a bit of dread when I heard his voice on the other end of the phone, but I always do try to provide a few words of encouragement (or a quick reality check, as the case may be) when possible. This time, Chad informed me that he knew of a business that was struggling that he again wanted to buy, but his “financing” (again, his words, not mine) had fallen through, and he wanted to see if I could help him find new financing. I was shocked to hear that he had financing in place for an acquisition, so I was compelled to learn more.