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Third Place Retailing - The New Battlefield
On 10th January 2005, McDonalds’ USA announced it was entering the premium coffee industry. It would sell premium coffee at a premium price. A business recognised for fast food at a low price point is re-engineering itself to provide an up-market coffee, yet coffee is looked on as the second most common commodity product after oil.Is this an opportunity to go head to head with Starbucks? I think not. I believe a Starbucks

23 cents. I said the heck with Trident and told Max to buy one futures contract at the market.

After his “lightning fast” execution finally got back to me, I had paid about 50 points more than the last quote! I was stunned. But then it kept going up into the close. It closed limit up and I was up a good $1000 on one contract. (The limits were expanded yet again) Monday came and it was limit up again. A few more limit up days and I got ou

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The very purpose of the Internet and our interest in it is to share information or knowledge, free or sold, which can be transferred through emails, links or messages. But transferring this information can be tedious if it is in form of long texts, web pages, graphics, images or even music. This is where the FTP comes in. FTP stands for File Transfer Protocol. It is a method of transferring data over a network or the Internet. It

Speaking of sugar, I later took the plunge. My swing program said sugar was due for a big swing up. Trident normally tracked the standard 1-2-3 zigzag move and entered the “3” wave. I went long four sugar futures contracts on this signal. The trade started out fine but stalled and reversed down.

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 sailor" trade. I was so pumped up I gave two of my employees a share of the potential profits. Monday came and sugar gapped up against me. In no time I gave back all my previous sugar profits. I got out and decided never to buck the trend again. Well, at least until I got greedy and stupid again. I told my two employees to forget about any losses and that was that.

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 market was still moving up. It was Friday again. The futures market had moved up about 350 points that week. It was kissing 23 cents. I said the heck with Trident and told Max to buy one futures contract at the market.

Traffic Building - How Customer Lead Generation is Creating Profits On-Line
It has been said many times, there are only 3 core principles to creating profits online: Traffic Generating, List Building, and Sales Copy Writing.Learning why those principles work will outperform everything else you ever learn about how all the techniques and fads 9 times out of 10. If you understand why a principle works you can then tailor your techniques to your business as you requi

er 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.

Hold Your Nose and Look into Opportunities Others Avoid to Make 20 Times Faster Improvements
FIRST IMPRESSIONS CAN KEEP YOU FROM OPPORTUNITIESMost people can identify situations in which they dismissed an opportunity that someone else capitalized on later. Often these opportunities were overlooked or rejected because they were perceived as dull, boring, or unpleasant. You may recall the fairy tale of "The Ugly Duckling." It is the story of a cast-off baby bird that is mistreated because it is unattractive to the y

and I was doing a "drunken sailor" trade. I was so pumped up I gave two of my employees a share of the potential profits. Monday came and sugar gapped up against me. In no time I gave back all my previous sugar profits. I got out and decided never to buck the trend again. Well, at least until I got greedy and stupid again. I told my two employees to forget about any losses and that was that.

An Effective Management Tool
If your perception of conducting surveys is that they can be a useful exercise but are too time consuming to prepare, cumbersome to deploy and require considerable resources to process the numerous responses into a meaningful report it is perhaps time to think again.Online surveys turn what was once a time consuming, resource hungry, cumbersome process into a low cost, quick, easy exercise that delivers real-time reportin

nd 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 market was still moving up. It was Friday again. The futures market had moved up about 350 points that week. It was kissing 23 cents. I said the heck with Trident and told Max to buy one futures contract at the market.

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23 cents. I said the heck with Trident and told Max to buy one futures contract at the market.

Those were some fun days trading futures. I still look back and realize my innocence was in many ways my strength. After all, it was a bull market in commodities and “drunken sailor” trades usually work out. But as the years passed, so did the bull, bear and chopping markets. I learned how the commodity futures markets could beat you up. I replaced my intense aggressiveness and became conservative in a speculative arena. But that’s the way you need to be.

It’s all about survival. Small positions that go far are a great way to trade. Ringing the cash register often with high win/loss ratios works as well. Just remember that you need to be flexible and prepared to let go of old ideas that no longer work - and keep finding new ones that do. I think even the Boston Commodity Broker from Hell would agree with that. I know Max would.

Good Trading!

There is substantial risk of loss trading futures and options and may not be suitable for all types of investors. Only risk capital should be used.

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Does your casualty loss qualify as a net operating loss? A net operating loss can result in a prompt refund or a tentative adjustment for that tax year, but small errors could cause your claim to be delayed or even denied.

As the President of the Association of Web Entrepreneurs, I help entrepreneurs create systems and automate their online businesses so they can make more money and enjoy more freedom in their lives. Here are 4 things you must do to build a strong foundation as you grow your online company. Skip one of these and you simply won't be able to create a long-term sustainable online business.

This one has been making the rounds all week so it deserves a mention here. A couple of products have cropped up claiming to actively predict a websites future PR - before the update. Ludicrous? Isn't that like the holy grail of SEO? Good grief. As it turn out iWEBTOOL does not predect pagerank.

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Casual Articles - Commodity Trading Blunders IV, PART 4 - My Early Days As A Novice Trader

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