Where Penny Stocks Meet Profits

When you begin to trade penny stocks, the world is just starting to open up for you. Day trading can seem like a slog, but when you get the know-how, energy and discipline to being trading small-cap stocks you can make a real dent in your financial woes. Even if you are in debt or just  a low net-worth individual, frequenting a day trading education site and learning the top strategies for finding and profiting off penny stocks can be the answer to your money prayers.

It does take dedication though. The amount of time that is needed in order to become a great and profitable day trader is often underestimated by those who are starting out. It is a well known fact that less than 10% of day traders actually make money. That means that 90% of the day traders out there are losing money. They are the marks. And they got to be marks because they refused to put in the time to really learn how to trade penny stocks.

Penny stocks are commonly thought of as companies whose shares trade on the open market for less than a dollar. Meaning that they only cost pennies. But, for day trading purposes, you can think of penny stocks as any stock that trades between $2 and $10 per share. These small-cap stocks are ideal for people that want to see volatility in the market and capitalize on it.

Day traders are all about volatility. There are no day profits in watching a security steadily gain in market share. Watching stocks go up and down are a great way to begin to understand trends in the market. That is the start of your day trading education. While you watch the market, it makes sense to join up with a day trading education site that will offer online video classes, teaching you the strategies that are needed to profit from these trends.

When you look to trade penny stocks, one of the most important parts is being able to identify these stocks in real time. Being able to find stocks that are going to spike up is one thing. Then being able to make the right trade at the right time is another. It takes time to learn the feel for that sort of thing. That is why time spent in chat rooms with other veteran traders is so valuable. And then taking the time to start paper trading before you risk real money is vital.

Paper trading is where you take virtual currency and you trade it in a simulated environment meant to mimic the regular trade market. That practice is vital in order to be able to intuit trends and find your way from novice status to being an excellent day trader. And it allows you to make mistakes that will not kill your bottom line at the end of the day.

Day trading education sites are where you can really make a dent in your financial troubles. That is how to start the journey to being a great and worthy day trader.

How You Can Invest in Luxury Properties

house-1946371_640You might think that you need to be a millionaire or an international property developer to invest in luxury real estate.  Well, you would be wrong.

Before we go any further, this article is not pitching a get rich quick scheme.  Instead, it will outline some simple strategies that the average person on the street can invest in real estate.  Keep in mind, these strategies might not be for everyone and if you have a hard time controlling your finances then the you might want to read this article on how to simplify your home budget.

Now that we have that out of the way, let me explain why you might want to consider investing in luxury real estate.  For starters, it is a hard asset and one that is usually well-positioned to withstand an economic reversal.

Second, the legion of the world’s richest is continually growing.  I know it might not feel that way when you drop your kids off at school but you never know which one of those parents is a successful business person or investor.

That being said, there are five important things that you need to know about investing in something like luxury condos.  Ok, maybe a sixth, as a small piece of advice is that just not all luxury properties cost $1 million.  In fact, many properties are considered ‘luxury’ due to their location or some other characteristic which helps it to stand out from the crowd.

  • Find & Flip

Now, this approach does require some work – both research potential properties and to get them ready for resale.  But you want to know a secret, even ‘rich’ people run into problems with money every now and then.  When that happens, many will choose what is known as a strategic default and this opens the opportunity to buy what would normally be an expensive property on the cheap.

However, there is a lot of skill to this approach and if you are considering getting into the flipping game, then you will want to take some time to study the market and to build up your contacts.  This could include connections in the property tax office, local banks, and even with the contractors who will help you to get a market ready for resale.

In addition, you should be willing to do much of the dirty work yourself as this will reduce how much money you will need to invest in a property – leading to more profit for you.

  • Consider Condos

For starters, condos are smaller than homes, so if you find the right property it will probably cost to prep for resale than a home.  Also, these condos tend to be in well-managed buildings in prime locations and this will and tens of thousands to the sale price.  Another item to consider is that these buildings generally tend to have many services for their tenants including gyms, restaurants, even a dry cleaner all on site.

A final thought about condos, all the work will be inside.  This means you don’t need to worry about expensive roofing projects or landscape gardening.  Not only does this reduce the time needed to prep a property but it also means that it is easier for you to scope out the work that will need to be done.

  • The Grass IS Always Greener

Let me explain.  We live in a global world and there is no law that you can only invest in luxury properties in your hometown or even your own country.  In fact, investment in an exotic location might have a lower upfront cost than anything you can find closer to home.

There are several things that you will need to consider.  First, is whether the country you have targeted allows foreign property investment.  You see some emerging markets restrict the right of foreigners to own property.  As such, you don’t want to make the mistake of investing in a country where you will need a dodgy, and complicated, legal structure own a property.

The second thing that you will need to consider is how you can find, and repair, the property you have in mind.  Fortunately, the internet can help with targeting but construction being what it is, you will need to find a way to be on site during the renovation phase.  If not, the costs will sky rocket and your project will never be completed.

  • Find a Partner

Maybe you have a friend who is already investing in real estate, or maybe it is known developer with a track record of success.  Either way, there are plenty of ways to invest in real estate without owning the entire property, and I am not talking about timeshares either.

  • Buy & Upgrade

‘Luxury’ has less to do with the property’s cost and more to do with the amenities and the location.  As such, you can look for opportunities to buy and upgrade a property.  Who knows you might be able to sell it or you could let it out on Airbnb or similar sites.

How To Start Day Trading

So you want to be a day trader. Honestly, there is no better way to become your own boss and gain financial freedom. If you have the desire, dedication and discipline the sky is the limit for your profits. But how do you get started? Get into a free chat room.

When you spend time in a free chat room, you can start to understand how to get better at day trading right away. You will learn new lingo, make new friends and watch veteran traders in action. That is, you can can see them call out positions and work their way towards good and bad trades and see their reports after all the trades go down.

A free chat room can be an excellent intro into day trading education. Spending time in one will hip you to a very important lesson: There are only a few stocks worth trading on any given trading day. It is very hard to find those stocks. Many big trading firms use big, expensive propriatry software systems to trade. Those powerful algorithms make it hard to beat them.

So the key is to try not to beat them. The key is finding another way. Finding a needle in a haystack by diving around and nosing around is not advisable. So you need the right strategies to see the potential needles. Spending time learning from other day traders is a great way to start to get those techniques down.

But not all free chat rooms are created equal. You want to find one where an accomplished trader is livestreaming the desktop and talking through real-time trades. That is a great way to learn. Day trading is unpredictable, so it helps to be able to see people do it in real time. Having a portion of the chat room screen dedicated to streaming news, stocks to watch and trade alerts is a great feature as well. It allows you to maximize monitor space.

Actionable breaking news headlines are very important in a chat room as well. If a chat room is not providing you will news nuggets that help you make trades, it is not worth your time to be in there. Breaking news is a very big part of taking advantage of the fluctuations in the day trading market.

Then you need to make sure there is a discussion space where you can ask questions and interact with other traders. That is the only way to get better and learn. You need to be able to converse with other traders and get plenty of information out of them.

Spending time in a free chat room is a perfect way to determine if you like trading in that particular community. As with any industry, it helps to find your tribe. The quality of your days is determined by the people that you hang out with. It makes sense to test out these groups before you commit time to working within them.