Your Questions About Profitable Trading Plan

Joseph asks…

am trader of NSE India. I planned to trade in the following style: IS IT PROFITABLE?

1. Wait till 9.30 am, afterwards Buy the stocks with open = low, Keep the SL below Low. After 10 am, if trading above the ATP, trail the SL below ATP and move the SL with ATP.

2. If Open = High, after 9.30 am, Buy the stocks above day’s High, put SL in day’s Low.After 10 am, if trading above the ATP, trail the SL below ATP and move the SL with ATP.

3. If, 9.30 AM Open # LOW # HIGH, If trade above ATP, buy the stock and keep sl below day’s low. After 10 am, if trading above the ATP, trail the SL below ATP and move the SL with ATP.

John answers:

Why don’t you “paper trade” for a couple of weeks & DISCOVER how this strategy returns over the period for the stocks you imply ?

George asks…

I am trader of NSE India. I planned to trade in the following style: IS IT PROFITABLE?

1. Wait till 9.30 am, afterwards Buy the stocks with open = low, Keep the SL below Low. After 10 am, if trading above the ATP, trail the SL below ATP and move the SL with ATP.

2. If Open = High, after 9.30 am, Buy the stocks above day’s High, put SL in day’s Low.After 10 am, if trading above the ATP, trail the SL below ATP and move the SL with ATP.

3. If, 9.30 AM Open # LOW # HIGH, If trade above ATP, buy the stock and keep sl below day’s low. After 10 am, if trading above the ATP, trail the SL below ATP and move the SL with ATP.

John answers:

First and foremost – no strategy is permanent while trading in markets. You need to keep changing as the market itself is dynamic. So be prepared for change when you do not get profits while adopting to the above mentioned strategies.

When open and low is same, usually the scrip keeps UP. But this is very old saying. Still it is relevant but to get profits in this, when you purchase is more important. Think on that.

Nancy asks…

Anyone know why we invaded Hawaii and took it over .?

We attempted the same thing in south and central america during the banana wars . And Attempted to seize many other lands that resisted and eventually remained free from our aggression .

Now we are in the Middle east building permanent bases and if they do not resist will we strategically hold the vast oil reserves of the world in our control .

Saddam got invaded as a reminder that the offers we make are to be taken seriously and without negotiation .
Saddam, Iran & Venezuela attempted to forum a separate block of oil nations who where going to trade in Euro’s the currency of Europe which would destroy the value of the United States currency around the world .

An economic war and not terrorism is the reason we are in Iraq and planning to stay . Just like Hawaii . back then sugar cane and Rum ruled the profitable markets . Like drugs and oil do today .
Afghanistan home to the poppy and the worlds heroin supply . Except under the Talliban . They had to go .

John answers:

All the settlers in the USA who constituted into a Federal Sovereign Republic in the Philadelphia Convention were all from Europe. They knew from past experience and also history as to how the neighbors used to fight for territory among themselves. To forestall such an eventuality, for the sake of permanent security from external threat, the subsequent rulers annexed the Hawaiian islands. When Cuba became communist the USA felt jittery and unsafe, which continues till date.

But these considerations have no meaning to-day when private persons like Al Qaida and Osama Bin Laden could be having nuclear weapons with ICBM type missiles.

Sandy asks…

Which website idea should I pick?

Over the summer, I would like to start an online business. My goal is to eventually make six or more figures a year. I have a few ideas, but I’m not sure which idea sounds the most profitable.

1. A website where users can list, buy, sell, trade, and auction off websites and or domain names. A place whee people can buy and sell websites. I would allow people to create an account for free, and a seller could list his website or domain name for sale by paying a small fee. A other user could buy the site he/she wants with the buy now price, or be entered into the auction for the site where they compete with other people. Right now, there is only one site that does this called flippa.com. The problem is, everyone hates the high fee they charge to list a site (19 bucks). I already have a script for my site, and if I charge smaller fee, create a user interactive friendly version, and implement my marketing plans, I could easily beat flippa. Flippa is making some good money (4-5k a day).

Pros: make money from selling ad space and charging small fee. Not much competition.
Cons: not really any.

2. I would buy golf bags, clubs, shoes, etc. Wholesale, and dropship them to customers on my website. The problem is, I’m competeting with huge names like golf galaxy, golfers union, and thousands of sites.

3. It would be like image shack. It would be a website where users pay a fee, and then they can store, host and share images on my secure server.

4. Sell hosting plans. Start a web hosting company. There is tons of competition.
Although I like all ideas, I think I’m aiming at the first idea. Do you think it could be profitable? Do you think it could make me six or more figures a year?

If u do pick #1 as the best idea, how should I build the site? Elance, freelancer?

Thanks.

John answers:

2 is the best choice because it is a niche market and even if you are competing with big name stores, you can make a unique offer and gain position in the marketplace.

The other ideas are far too competitive with low profit potential.

Donna asks…

Which website idea should i start?

Over the summer, I would like to start an online business. My goal is to eventually make six or more figures a year. I have a few ideas, but I’m not sure which idea sounds the most profitable.

1. A website where users can list, buy, sell, trade, and auction off websites and or domain names. A place whee people can buy and sell websites. I would allow people to create an account for free, and a seller could list his website or domain name for sale by paying a small fee. A other user could buy the site he/she wants with the buy now price, or be entered into the auction for the site where they compete with other people. Right now, there is only one site that does this called flippa.com. The problem is, everyone hates the high fee they charge to list a site (19 bucks). I already have a script for my site, and if I charge smaller fee, create a user interactive friendly version, and implement my marketing plans, I could easily beat flippa. Flippa is making some good money (4-5k a day).

Pros: make money from selling ad space and charging small fee. Not much competition.
Cons: not really any.

2. I would buy golf bags, clubs, shoes, etc. Wholesale, and dropship them to customers on my website. The problem is, I’m competeting with huge names like golf galaxy, golfers union, and thousands of sites.

3. It would be like image shack. It would be a website where users pay a fee, and then they can store, host and share images on my secure server.

4. Sell hosting plans. Start a web hosting company. There is tons of competition.
Although I like all ideas, I think I’m aiming at the first idea. Do you think it could be profitable? Do you think it could make me six or more figures a year?

Thanks.

John answers:

1. Godaddy and ebay already have a huge market on this – not to mention other sites. As well, there are several forums that do this, with no middleman.

2, Any number of sites do this as well. Not including ebay.

3. Why pay when you can get it free?

4. Well, if you’re prepared to be available 24/7, or hire a crew to run your servers for you, it could be viable. It will take at least a year to get in the top ten for google (maybe) for the term web hosting or hosting. It’s not about ooh I’m going to throw up a web page and resell hosting plans.

You need to be absolutely prepared to be available for handholding, at least in the beginning or they will leave. Look around on this site for questions a hosting company gets.

5. How many times are you going to ask this question? Summer is almost over. You spend more time asking the question than actually implementing an idea. Just sayin.

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