Mistakes mistakes

I've made a mistake in the previous post. You don’t have to log in everyday to receive your share of the advertising revenue. You only need to log in at least 30 times in a month’s time. From the help page:

An active “REP” is someone who logs in his/her “REP” account a minimum of 30 times a month. These log ins can be done once a day, several times a day, or within one hour.

This is so much better as you don’t have to be online everyday! So lets make some free money!

How to make money from social networking site

Before i explain anything, watch the video below.

I've come across this site yesterday and i have enrolled in it after doing some research. This is basically a social network site called zenzuu who would give out 80% of their advertisement profits to active members. To become an active member, you have to open you account everyday. This is also a MLM program which might put off most people. I will list down all the pros and cons of this program and you can decide if it’s for you or not.

I will 1^st list down the cons.

1. As it’s a MLM a lot people will be turned off as you need to find people under you to make money. Well, you can make money without any people under you if I’m not mistaken.

2. You have to log in everyday of the month. However, I think this is fair as this is the catch for this program so in some way this makes it more believable.

3. Its kind of a bit boring right now as there isn’t much people or activities like posting videos or making groups yet because it is still new and will officially be launched in august 2008.

Now the best part is hearing the pros. Here goes

1. Its free.

2. You get money by doing the thing you do everyday, stalking people, updating your page and sharing pictures, video and even blog.

3. Its new so not a lot of people have signed up. The official launch date is in august 2008 so this is the time to build a base network so when it launched, you already have a big base to work with.

4. A help center to help you with the FAQs. It’s not that comprehensive but it gives you more or less the answers.

5. The main thing i would like to point out is the potential of this site. Imagine this to be the next friendster, myspace and even facebook. We can never be sure but we all see how friendster and myspace lost their popularity so why not give zenzuu a try.

Some more fact about zenzuu.

I will be your referral if you click the links but I don’t care if you don’t want to make me your referral. Just go to http://www.zenzuu.com and sign up from there. I just want to tell you about the opportunity and if you decide to go with me than I thank you.

What hapen when you dont listen to your own advice?

You get burned! Yeah, that what happen to me last week, RM3000 loss! The world of trading is like a fierce monster! If you cant tame it. It will devour you to the last drop of blood, literally! Remember my last post before this one? I wrote about protecting your money. I don’t follow it last week. I did have a stop loss but I hope for a rebound so I don’t stick to it. That’s one of my biggest mistakes. The price keeps pummeling further and further and I end up loosing more. If I use my stop loss figure, my loss would be a measly RM250 but look what happen? I lost more then 10 times the amount!

So, please, please and please don’t make this stupid mistake. You’ll curse yourself at the end of the day. Do have a stop and trailing loss and do stick to it or you’ll end up losing more then you ever thought. And one more thing, do set a target or a sensible and achievable target profit and when the price reaches around that amount, just clear your position. Try it and you’ll be amaze how much you can make with so little risk. Happy trading and always wear your ‘cool’ hat!

Protect your profits

Well, by now most of u have heard about stock market and some lucky ones had tried and make money from it. I lost a lot of money in stock market. I'll share with you some tips to protect your profits. There are a lot of ways to do it but i'll show u the most important in my point of view. these are :

1. Have a stop lost and stick with it. let say u buy something at 1.oo ringgit. put a stop loss (a value u can live without) of let say 20 cent and when it reaches 80 cent immediately sell!

2. Traling stop. if let say u've made a profit but still hoping it go up have a trailing stop. eg. if u buy something at 1.00 ringgit then it go to 1.50 and u still dont want to sell, make a trailing stop (amount u might satisfied with) of let say 1.30 ringgit.. if it goes up again.. ride the flow but if it changes direction i.e price lowed, sell when u reach ur trailing stop which is at 1.30 something is better then nothing. if u dont use it u might turn profits into losses and i would hate to have that.

New alternative to stock trading

I'm sooooo sorry for not writing for some time. I've been busy studiying charts! its soo addictive to use one in trading stocks. And wanna know why charts are good? u can also use charts in futures trading and Forex! it uses the same principle. Charting is just another tool to help u trade. its an alternative to fundamentalist approach to trading. it gives u signals on when to enter and exit the market.

Well, todays point is not about charting. I want to introduce to u commodity trading in Malaysia which is crude palm oil. the market is attractive as its a 2 way market which means u can make money when the market is on an uptrend, downtren or sideway trends as oppose to stock market where can can make money only during an uptrend. The break even point is also lower in cpo trading. Its 2 point to breakeven and the range it can go in one day is as high as 25 points and maybe more.

However, if u want to trade in this market u have make fast decisions as its a fast game. u can make big money and lose more money. yesterday i make a loss of 250 ringgit from 1500 initial investment and today ive made 50 buck. (actually i make a lost of 400 but manage to make 450 b4 the day end. one point equalys to 25 ringgit. to those interested i suggest u to learn some charting techniques as it helps.

I'm also new in the game so i can say much. maybe you're so much better than me. so gimme some tips!