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Hub You - Commodity Trading Blunders IV, PART 4 - My Early Days As A Novice Trader
In our last segment, we spoke about the first six of twelve questions you should ask yourself before "going live" with your product launch. Here are the final six.7) Have you priced your product or service competitively?Not too high, not too low. The price for which a product is offered may determine the perceived value by the customer. If you underprice your produc
Internet marketing services is all about getting your name out there. Marketing is making the customers out there know that you exist. Without a system enabling one to find your services or products online, your sales will not be very high. If you have been in business for quite sometime now, or perhaps you are just starting out in business, internet marketing services is a complete method of saturating the market, getting your n
Max suggested I sell four farther out futures contracts as a hedge. (That makes a lot sense, right?) He said this way I would be more apt to later remove the hedge. Otherwise, I might not get back in. Whatever. Of course, I put the hedge on at the exact low when I was the most scared. As sugar futures started to rally again, I removed the hedge and the race was on.
Maybe Max was right. Sugar futures contracts ran up to my Trident objective and I got out with a few grand profit. I got cocky and stupid and decided to reverse and go short four contracts at the close on Friday. Trident was flat and I was doing a "drunken s
Usually, if you have bad credit and you are able to get a personal loan, it's part of a debt settlement program. The debt help company will help you negotiate the unsecured part of your loan and, in the end, you will only be paying part of the debt. Your debt will most likely go down 40-60% from the original amount.Under these circumstances, the debt service company will consider your individual case and arrange a low, m
Max suggested I sell four farther out futures contracts as a hedge. (That makes a lot sense, right?) He said this way I would be more apt to later remove the hedge. Otherwise, I might not get back in. Whatever. Of course, I put the hedge on at the exact low when I was the most scared. As sugar futures started to rally again, I removed the hedge and the race was on.
Maybe Max was right. Sugar futures contracts ran up to my Trident objective and I got out with a few grand profit. I got cocky and stupid and decided to reverse and go short four contracts at the close on Friday. Trident was flat and I was doing a "drunken
For years I have heard the comment that ‘the customer is always right’. Baloney! There have been many times that I as a customer have operated under false assumptions, bad advice, unrealistic expectations, rumors and hearsay. I’ll bet if you think about it, that you too have not always been right as a customer.I am not suggesting you get into a tug of war with a customer about who is right or who is wrong. If you trea
Maybe Max was right. Sugar futures contracts ran up to my Trident objective and I got out with a few grand profit. I got cocky and stupid and decided to reverse and go short four contracts at the close on Friday. Trident was flat and I was doing a "drunken
What would you do if I mailed you a package of black and white photos? Would you throw the package in the trash unopened?That’s the challenge that Canadian Feed the Children faced in a recent acquisition mailing. They wanted to stand out in their prospective donor’s pile of mail (and not end up in the trash). So instead of taking a #10 envelope and adding some teaser copy to the front, they chucked the #10 altogeth
Maybe Max was right. Sugar futures contracts ran up to my Trident objective and I got out with a few grand profit. I got cocky and stupid and decided to reverse and go short four contracts at the close on Friday. Trident was flat and I was doing a "drunken
In case you didn’t know, there is a website run by Yahoo where anyone can post a question and receive an answer. It’s at answer.yahoo.com and a rather interesting place to spend some time. They have categories from business to travel, all sub-divided and quite specific. You become a member for free, pick a user name and password and you can either ask or answer a question. That being said, why am I wasting your time posting an
Max was making good futures commissions from me and I think I was becoming one of his more active commodity traders. I liked that feeling. I even told some of the young women I met that I was a commodity futures trader. That went nowhere. Back then, it was like saying I played poker or shot craps for a living. But, I couldn’t leave sugar alone. A few days after that loss, the
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