The concept of “position trading” – long-term trades, to be closed at a distant date, instead of trying to predict market direction – has recently become popular outside traditional Wall Street circles.

Many investors are looking into it as an alternative strategy for their trades which enables them to build up gains slowly but surely.

Most importantly, because they hold their positions over time rather than day trade frequently, they incur far fewer costs associated with buying and selling shares.

Position trading is a style of stock market investing that investors can apply to benefit from fluctuations in the price of an asset over time.

It is different from day trading and other types of short-term trading due to its longer holding periods. Investors tend to hold the same position for days, weeks or even months at a time.

Day traders

Day traders usually keep positions open for minutes, hours or sometimes even seconds before closing them again.

While this might sound like a more risky option than position trading, it also allows day traders with high capital requirements to make large profits with relatively little investment compared to long-term investors.

Position traders

Position traders aim for smaller returns on their holdings, and they accept less volatility in the hope that they will make steady profits in the long term.

The types of positions that investors can open depend on the stock, options or futures contract they are trading, but all three cases will allow them to either buy or sell an asset.

Day traders regularly close their position before the end of the day. While some may keep it open overnight, this exposes them to greater levels of risk due to increased volatility in shorter time frames.

Position traders aim for smaller returns on their holdings and accept less volatility to make steady profits.

An investor looking at position trading must have a relatively large sum of money to invest.

Buying and selling more significant amounts takes more time than day trading, which requires comparatively tiny amounts.

Educate yourself

You must put resources into the proper education of a position trader as it is an entirely different style of trading from day trading.

They have to learn fundamental technical analysis, how the market works, and what external factors influence their investments.

You can apply different strategies for position trading. Still, most will involve looking at supply and demand levels on certain assets – these will typically create support and resistance levels on charts, allowing investors to predict future price changes.

It is important to note that just because an asset’s price has fallen recently does not mean it will continue to fall; often, the downward trend reverses itself, so checking past data on the stock or commodity in question is essential.

Putting a position trade in place takes more time than day trading, but it can be done in intervals of days, weeks or months, depending on the investor’s timeframe.

Buying or selling

One of the essential things for any investor to consider when opening a new position is whether they are buying or selling.

The answer will determine everything about their strategy – for instance, if an investor buys into stock, they must only sell that stock at a price higher than what they bought it at.

However, if an investor sells the same stock, they need to ensure that they get more money than they initially paid out.

Like day trading, there are ways to mitigate risk and reduce losses if one makes bad trades – stop-loss orders prevent investors from losing too much capital even if their investments take a turn for the worse.

In contrast, stop gain orders ensure they get out of the wrong position before too much money is lost.

Volatility and market risk

Due to the exposure to volatility and market risk, investing in position trading requires more capital than day trading.

$100-200 on average can help you get started but if you want to grow your investment, consider opening with at least $500 – this will give you enough of a buffer against fluctuations without limiting your exposure.

For more information, link to stock options.

 

Buying an investment property is the only first step is a property owner which of the following is step is managing your property finances. There are some management requirements that you should have as a property owner. It is recommended to wisely plan for you to avoid the cost of property in investment to override their profits. If you are already real estate investor here are the top financial tips for you.

Research your prospects

Research is the main aim when it comes to real estate. It can mean the difference between failure and success. As a property investor, you should have two main goals when purchasing your property: rental income and capital appreciation. This means that the property you want to buy should not only be able to produce a steady rental income, but also it should increase its value over time.

Purchasing property popular neighborhood will guarantee you this, but you will have to sacrifice a lot of money. For you to get the best value, it is essential to do thorough market research and determine the upcoming events. You can do get information on popular neighborhood online from sites such as Movoto.com. Once you identify the perfect region, the next thing to do is to follow their property trends in the area. You should be able to find the ideal type of property with popular tenants.

Get proper insurance

As a responsible owner, you will require to purchase insurance coverage. If you are sharing your property with anyone who entirely relies on your income to assist them in paying the mortgage, then you’ll require life insurance so that they don’t lose the property in case you die unexpectedly.

You also need disability income insurance which replaces your income in the dire circumstance that you may become disabled and you cannot work. Without revenue, you will be unable to pay the mortgage, and this will cause much more complications. Once you own a property, you have more to lose in case of a lawsuit.

Due to this, you must have excellent car insurance coverages so that in case you get an accident lawsuit against you won’t have to compensate for the collateral damage with your property.

Keep up with the property maintenance.

One of the most significant things should do with your property; you still keep up with the property maintenance. This is critical for two reasons. First, if your property is not well maintained, you’ll face a hard time when finding and they keeping tenants. People do not want to stay in a rat-invested property with regular plumbing problems.

The second reason is under landlord-tenant law whereby you are legally responsible for keeping your property up to specific safety and health standards. This includes making sure that you are tenants have somewhere to throw their garbage and keeping the common places in good condition.

Make the proper tenant-worthy

Another significant way to successfully manage your property is by keeping your tenants happy so that they can enjoy and keep renting from you. One of the simplest things to do to keep your tenants happy is quickly responding to their repair request and making an effort to please other good tenants in the property. One of the significant reasons why tenants tend to relocate from your property is because they are not happy with their neighbors.

Hire a property manager

Managing a rental property as always overwhelming and time-consuming. Hiring a professional manager is one of the best ways to solve this issue for some property investors.

Hiring a property manager, it’s not cheap end it is a big decision to make. You will require to weigh your financial pros and cons to see hiring a property manager might be the right choice. Remember that there are lousy property managers out there who can completely dismantle property, so you need to take caution when hiring them.

You can consider working with property management companies

Probably you have various obligations, especially if you own a property such as a list is. Perhaps you may be in the second property you purchased just some time ago or bought for other purposes of renting. When one of the problems you will face is time.

Regardless of whether you are a full real-time property owner looking to earn some extra income, you may need to ensure that you are paying close attention to what is going on the ground. That is why you should consider working together with the property management company. The excellent management company can assist you with the following:

• Collecting rent
• maintaining contracts
• screening tenants
• Managing your records
• Fingering out the amount to receive for security deposits
• coordinating repairs

Typically, as a property owner, you will have to pay property managers a percentage for monthly rent. This amount of money is particularly worthy for property owners who have busy schedules within multiple ventures. Since the expense is predictable, they will be part of your cash flow.

For many, investing in property has turned out to be a very successful venture. However, for investors who are not lucky, it has turned out that they have incurred a lot of loss. To minimize the chances of getting into this unfortunate category, you should have a solid knowledge of property invest in first.

Although most cars aren’t nearly as expensive as homes, people still will very commonly get a loan when buying a new vehicle just like they would when buying a new house. But just because the loan you’re getting likely isn’t as large when you’re getting a new car doesn’t mean that you should take it any less seriously. Since you’ll be paying for this car for months and months, it’s wise to ensure that you’re setting yourself up for financial success.

To show you how this can be done, here are three things to consider when getting a car loan.

Find The Right Lender

When getting a car loan, the first thing you should be concerned with is finding the right lender to work with.

According to Justin Pritchard, a contributor to The Balance, you can either get financing through whatever dealership you choose to buy your car from or you can secure your own financing through a financial institution. Places like banks, credit unions, or online lenders are all available for you to get a car loan from. But depending on your exact financial situation, your credit score, and other variables, the right lender for you may differ from the right lender for others. So before you settle on who you want to work with for your car loan, make sure you see what all of your options are and figure out what’s going to be the best for you in the long run.

Always Ask For A Lower Rate

Once you’ve determined what time to financing you want to use for your car loan, your next priority should be to figure out what the lowest possible interest rate you can qualify for is.

For people that don’t have good credit scores when they’re attempting to get a car loan, David Weliver, a contributor to Money Under 30, shares that you might be tempted to just take whatever interest rate you’re first given so that you can get a car loan and acquire the vehicle you need. However, Weliver recommends that you always ask your lender if there’s any loan with a lower interest rate that you qualify for. By doing this, you’ll ensure that you don’t leave any money on the table when getting a car loan.

Think About How Long You’ll Have This Car

Just because you qualify for a certain amount when getting a car loan doesn’t mean that you should plan on spending that amount of money on a car. Usually, people can get approved for more money on their car loan than is smart for them to spend.

To figure out how much you really should be spending and how much of a loan will be right for you, Reyna Gobel, a contributor to Experian.com, recommends that you think about how long you typically own a car for. If you’re planning on owning the car until it stops running, you can probably get a bigger loan with a longer repayment period. But if you’re only planning on having the car for a short period of time, you may want to get a smaller loan that you can quickly pay back.

If you’re going to get a loan for a car in the near future, consider using the tips mentioned above to help you make the right choices here.

 

For many people, the current economic situation has them feeling like now is a good time to start considering how they can cut their monthly expenses in order to best protect their financial future. But if your finances aren’t currently in jeopardy, it can be hard to take on serious lifestyle changes that may or may not need to be done. Luckily, there are things you can do to help save yourself money without making you feel like you’re suffering too much to do so.

To show you how this can be done, here are three ways to cut your monthly expenses without sacrificing your quality of life.

Rethink Your Debt

One of the best things you can do now to have a positive impact on your finances and your financial future is to rethink your debt and how you can eliminate as much as possible.

To help you with this, Trent Hamm, a contributor to The Simple Dollar, suggests that you consider consolidating some of your debt. Especially if you have some debt that comes with a very high interest rate, consolidating everything you owe into one payment with a lower interest rate could save you a lot of money each month. Additionally, you could also look into refinancing your mortgage to cut your monthly payment and make your mortgage less of a financial burden on you every month.

Buy Generic

For many homes, a big portion of their monthly budget gets spent at the grocery store. If you’re someone who tends to buy specific brands, whether it’s out of loyalty or habit, you might want to consider how much money you could be saving by switching to buying generic products instead.

According to LifeHack.org, there’s usually very little difference between a name-brand product and its generic counterpart. So if you’re really interested in saving money in any way you can, you may want to consider changing your purchasing habits in this small way to see savings each time you visit the grocery store.

Reduce Unnecessary Spending

Especially in budgets where money isn’t particularly tight, you can likely find quite a few places where you’re spending your money unnecessarily. In fact, many people aren’t even cognizant of how much unnecessary purchase they’re making until it’s brought to their attention.

If this might be something you’re dealing with, Fred Leamnson, a contributor to The Ladders, recommends that you look at your spending and see if there’s anything that you’re paying for that you no longer need or aren’t really using. If you do find something that falls under this category, eliminate it to eliminate all that waste from your monthly spending.

If you’re wanting to cut down on your monthly expenses, consider using the tips mentioned above to help you find ways in which you can accomplish this.

 

 

It is an unfortunate fact that at a trade show, not all booths will become blockbuster hits. Some of them will end up without any visitors. You cannot afford to be one of them. You need to ensure that you attract a lot of people to come over and at least be curious about what you have to offer. These are some reasons why some booths end up with no visitors at all.

The representatives are boring

You cannot afford to send staff who do not know what to do while they are at the event. They might end up sitting throughout the trade show. It is like having no one to represent you. It helps to train them in what they need to do during the event. Let them know how to engage people and entice them to come to the booth. You also need to emphasise the need to be energetic even if it is a long day and the place has lots of people. Select the best people to do the job by filtering them not only by their knowledge of the business but also their personality.

The booth looks dull

You also do not want a booth that does not look festive at all. Trade shows are like community festivals. You wish to engage in a fun and exciting mood. If your booth seems too formal, it will be dull, and no one will appreciate it. Spice things up by using colourful decorations. You can also play fun music (if allowed). You need to have an exhibition stand too since not everyone will come inside and talk to your representatives. Even if they do not, they will still go home with knowledge about your business.

You have no gimmicks

It might seem childish, but gimmicks are a must during a trade show. You can come up with exciting games. You need to engage people who pass by and make them stay. You can hand out freebies and samples of the products that you are selling. You want to make them feel that there is a reason for them to stay and find out more.

You do not seem interested

Yes, you have a target audience, and you want to speak with them. However, you cannot expect to talk to them all the time. You might have people who are not within that demographic but are curious about what you have to offer. You cannot brush them off and say that they are not among your target group. You still need to show interest and make them feel at home if they come inside the booth. They will notice it if you want to push them out and it could affect how they view your business. Even if these people are not your immediate target audience, they know someone who is.

Now that you understand how your trade show attendance can be a disaster, it is time to start planning what to do to stand out and entice people to come and talk to you.

If you want to learn more about our blog, please click here.

If you find yourself in a situation where it’s difficult for you to pay the mortgage, then you may want to consider professional help through a company likely the Golden State Financial Group, you can help you achieve a home loan modification. They will help you to negotiate with your lender, achieving more favorable terms that enable you to keep your property. As this is an area of expertise for them, they can often find ways to get your lender to agree to lower interest rates or lower payments, without having to completely refinance your loan.

Golden State Financial Group Explains How Loan Modifications Work

A home loan modification means that you permanently change the existing terms and conditions on your mortgage agreement. You have the right to request a modification and the lender must consider your proposal. That does not mean, however, that they will automatically agree to it. It is for that reason that it is very important that you work together with a company like the Golden State Financial Group, who will do all they can to get the lender to agree to your modification suggestion.

When applying for a home loan, the bank will ask you to send unofficial hardship letter. In this, you can explain why you need a loan modification, while presenting them with a financial plan at the same time. It is important to understand that the lender is not looking for a sob story or how your financial hardship is affecting you emotionally. They want to know why you are finding it hard to pay and what you intend to do about it. Formulate your hardship letter properly, and there is a good chance that the lender will give you a chance. After all, they know that if they decline your request, they are most likely to have to foreclose on your property quite soon thereafter.

You must remember that a bank is a business period all businesses are in it for one thing and one thing only and that is to make money period for closing on a property a good way for a bank to make money. First of all, it is unlikely that they will get as much money for it as what you borrowed on it. Secondly, they will know that you will immediately cease maintaining the property once you know that the bank will foreclose. This means they also have extensive repair costs to pay for. Not just that, the legality surrounding a foreclosure is also very expensive. Last but not least, on paper, a property that has been foreclosed on no longer looks like an asset for the bank, which means they appear less strong. Overall therefore, a home loan modification is as much in the bank’s favour as what it is in yours.

That being said, a bank would much prefer it if you simply make the payments as per your agreed contract. Hence, they will not simply agreed to every home loan modification request that comes their way. You must come up with a strategic plan to repay what you owe that the bank will look favorably upon.

Do you sometimes gaze enviously at other people in your life who seem to have all the luck? Everything they do seems to work, and they are always optimistic and ready to embrace life to the full. If you do and would like some of the same luck for yourself, then it is actually possible to achieve. Although luck is classically defined as good or bad random events that happen to you and impact your life, there are some great ways to make yourself more likely to have good luck.

Let’s face it – we would all like to get some more good luck coming our way! You may want to make your own luck to find love or simply become luckier in your career. Whatever the reason you feel like you need to attract those lucky vibes to you, there are some very simple and positive ways to do just that.

How to make tons of luck – the easy way!

The secret to bringing more luck into your life is that it all starts with you. You are the only person who can make the necessary changes in your life to make it happen. Here are some fabulous ways to have Lady Luck on speed dial:

Become a magnet for luck – one great way to start creating your own luck is to put yourself in a position for it to find you in the first place. If you want to be luckier in love, it will not happen if you never go anywhere you might meet someone. To attract more luck, put yourself in the right situations to meet it and you will be surprised at how many opportunities it brings you. If you do not make the effort in your life to attract luck, it has no chance of finding you!

Playing the lottery is a superb example of how putting yourself out there can bring life-changing luck. After all, if you don’t play then you can’t win! Potential wins on competitions from the Super Lotto to the California Super Lotto are in the millions of dollars so that is certainly some luck worth trying to bag!

Go with the flow – in trying to take control of your life, there is a chance that you start to shut yourself off from the fabulous opportunities that luck can bring. To start creating more luck, open yourself up to the randomness of life and see where it takes you. Be prepared to be spontaneous in your arrangements and to give things a try that you would normally say no to.

Network with real people – another great tip to create your own luck is to get out there and network with real people. We do so much behind a screen now that it can mean the very best opportunities that happen in person can pass you by if you’re not careful. That is especially true for your career – much of the success you can experience is by connecting with real people and taking advantage of the benefits it can bring.

Work hard – this is a crucial factor that is very often overlooked when people think about luck. Although luck is seen as random, when you investigate lucky people then they are mostly very hard working. The luck they have is usually a result of hard work that has brought about the results they enjoy.

Be positive – you will not attract any luck to you at all with a negative mindset. So much of creating your own luck is around being positive and doing all you can to open yourself up to the possibilities all around you. Make sure you have a positive mindset at all times, even if you sometimes fail at things.

The real beauty of creating more of your own luck is that it will benefit all areas of your life. From making you a happier, more positive person, to the romantic, employment and financial rewards, seeking out some luck is well worth the effort.

Only you can make luck your best friend

When it comes down to it, you are the only person who can bring more luck into your life. The temptation to deny this and blame bad luck on pure chance is strong but is also fool’s gold. Luck is not actually as random as it may seem and with some effort on your part, more of it can be yours. A famous quote from the golfer Gary Player sums this up perfectly. When asked about much luck he seemed to have when playing, he said: “The harder I practice, the luckier I get!”