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Regret

Life

There comes a time when it’s too late to tell people how you feel.

There will come a day when the person you mean to talk to won’t be there.  Don’t wait for that day.

“There’s always tomorrow” isn’t always true.

What Is Your Binary Options Strategy?

Finance

Binary Options tradingWhen you are just entering the world of binary options trading or investing, you may be on the receiving end of a lot of advice. It is not uncommon to hear people tell you to implement different gambling strategies because binary options are based on chance more than anything else. You will also hear a lot of advice from those who say there are many good ways to develop an effective strategy using indicators and market signals. Some will insist that with proper analysis of market data, a solid strategy can be developed too.

Are they all correct? Interestingly enough, the answer is yes. The reason for this is simple, and as one expert writes, “there is no such thing as a perfect strategy for every trader. There is only a best strategy for each individual trader.” Thus, your strategy has to be shaped around a few things:

  • Your willingness and ability to follow your chosen strategy.
  • Your personality. For instance, are you restless if you are taking the safe route or a higher risk strategy?
  • Your budget and goals,

Identifying the answers to these questions is the first step to formulating a strategy. You should also understand that the winning percentage of most strategies will be somewhat constant, but the total number of successful trades varies on an individual basis and is based entirely on the strategies used.

For instance, some investors want a high percentage of winning trades and are more comfortable with risk averse trading. Others are ready to take more risk and are entirely comfortable winning fewer trades if the returns on winning trades are dramatically higher. This enables them to implement higher risk trades. The interesting thing about strategies and the kinds of trades they generate is that they are all built from the same data.

The Data of Strategy

For example, almost all strategies will look at issues like market trends, trading trends, highs and lows, reversals, and various kinds of indicators. The reason that high and low trends pay off in strategy development is simple: binary options trading applies to whether or not an asset rises above a strike price or doesn’t. It is the proverbial “yes or no” part of the proposition and analysis for either outcome pays off.

As an example, a lot of risk-averse investors will look for breakouts. They use these for trend line investing, which can be as brief as sixty seconds to a day, but can be used to coordinate investing in the direction of a short trend. Although this seems complex, it really is not. The key is that analysis cannot be broad and across all available markets. Instead, focused analysis on a specific area will allow even a novice investor to analyze for a breakout and then invest in binary options accordingly.

Just being able to detect a reversal or a downward trend over the course of a day can yield a very rewarding investment. The key is to understand your strategy based on your budget, personality, and your ability to stick with the strategy, even if it does not yield immediate success. When you do this, and use the right tools for analysis, you can create an effective strategy that brings you closer to your goals.

This is a guest post.

 

 

Flatbed Trucks: Why Buy When You Can Rent?

Business

English: DAF flatbed truck in Bremen
English: DAF flatbed truck in Bremen (Photo credit: Wikipedia)

This is a guest post.

The goal of any business is to maximize profits while limiting expenses. Yet sometimes, a business may need a certain piece of equipment for a special project or other task. For example, a flatbed truck may be needed sometimes, but not enough times to justify spending the money to buy one. When this is the case, renting the truck becomes the smart option.

Renting a flatbed truck is perfect when working with heavy, oversized or irregular shaped cargo. Many times these trucks may only be needed for one or two days, perhaps only a few hours. When this is the case, renting a truck makes perfect sense. Any town and city has numerous rental truck options from which to choose, with the most popular brand being U-Haul. Flatbed trucks come in a variety of sizes, ranging from 8-22 feet in length. They can be rented for several days or only a couple of hours, depending on one’s needs. If necessary, the trucks can also be rented on a weekly or monthly basis.

A truck hire can also be very cost-effective for a business. Buying a flatbed truck can cost a business $40,000-$50,000 or possibly more, depending on the size of the truck. As with any new vehicle purchase, as soon as it’s driven off the dealer’s lot it begins to depreciate, therefore giving a business owner an investment whose value is less and less as time goes by. By renting a truck only when necessary, it saves a business substantially in terms of making a capital investment. Rental prices vary among different businesses, with most averaging $50-$100 per day depending on the truck that’s rented. Generally, the bigger the truck the more it costs to rent. There are usually no hidden charges or fees associated with renting trucks, so long as they are returned on time, in good condition and with the same amount of fuel they had when they left the rental lot. Also, the person who rents the truck is not the only person allowed to drive it. Most rental places allow up to three other people to be added to the driver’s list for an additional fee, often averaging around $10.

Most truck rental places allow reservations to be made online, and payments can be made with credit cards. Reserving online and paying with a credit card allows a business to take advantage of discounts, for most businesses will offer discounts for reserving online. Those who drive flatbed trucks only need to be at least 18 years old with a valid driver’s license, and the trucks do not require any special licenses to operate.

Many companies also provide 24/7 roadside assistance for renters, so if the truck breaks down while being used it can be picked up and replaced at no charge. With all these benefits, it makes far more sense for a business to rent a truck for its occasional needs rather than purchase one for a task now and then.

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Automatic Oopsie

Finance

When I found myself doing an abrupt unemployment tour this month,  the first thing I did was dig into my budget.  I did it so I could see how long it would be before our finances got scary and to see what could be eliminated.

English: A Netflix envelope picture taken by B...
English: A Netflix envelope picture taken by BlueMint. (Photo credit: Wikipedia)

Gah!  So much could be eliminated.

There were things that I’d set up on automatic payments, added to my budget, then ignored.

There were things that I’d signed up for and used, but didn’t get as much enjoyment out of any more.

Example Number 1:  Netflix

We love Netflix.  It gets used every single day.  But the DVDs often sit on the kitchen counter for a month before we get around to watching them.  We clearly don’t need the DVD plan any more.

Example Number 2: Software Subscription

I use some software to track the Google rank of several of my websites.  There is an addon that makes the software work much better.  The addon costs $20 per quarter.   The problem is that I’m not looking at the rankings of these sites any more.  Some of the sites have been shut down, or I’m no longer involved with the clients.  That makes the paid addon a total waste.  I canceled it and told the tracking software to run slower so it would give Google a fit.

Example Number 3: Extra Domains

Hello, my name is Jason and I’m a domain addict.  Seriously, for a while, I was buying domains every time I had a good idea for a website.  Some of them were developed, and some were sketched out and put on hold.   I also bought domains to help with the search engine rankings of the developed websites.   I topped out at about 120 domains.  All of them were on auto-renew.   I’ve been letting them expire, but some didn’t have the auto-renew settings changed, so they (surprise!) renewed automatically.

These are just three examples of several years of development, exploration, and automation of my complicated financial life, and they add up to more than $100 a month essentially wasted.

Here’s what I want you to do.

Right now.

Not “tomorrow”, not “when you get around to it”.

Now.

Pull up your bank statement, your Paypal account and your credit card statements.

Is there anything in there that’s happening every month that you forgot about, don’t need, or don’t even want?

Ax that crap.  Kill it with fire.  Nuke it from orbit. Stop wasting your money.

I’d be willing to bet 99% of everyone has something they are paying for every month that they don’t even want, but either forgot was happening or have just let inertia keep paying the bills.

Be the 1%.

Twitter Weekly Updates for 2010-05-29

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