Paper Trading Pumps Up Rookie Traders

by Justin Weinger on March 28, 2017

Day trading brings about a unique situation within the world of work. How do you get better at something that requires risking lots and lots of money without losing lots and lots of money? Paper trading is the answer. With trading simulators, novice traders can try out techniques and string together strategies without the possibility of losing their personal next eggs.

How Does Simulated Trading Work?

There are many sites out there offering simulated trading software that is supposed to allow for real market conditions, so traders can really test their mettle against the same circumstances as other soldiers on the market battlefield. But Warrior Trading offers a real-time simulator that mimics the highs and lows of the market.

The trading simulator that students jump into after taking classes with Warrior Trading instructors is designed to look and feel like the actual stock market. You start out with $100,000 of fake money in an account and you get to test out all the strategies that you learn throughout your online classes with the Warrior teachers.

You get your $100,000 in virtual money and you get to work in a simulator that performs exactly like a real brokerage account, so you can trade in real time conditions. That means you have access to actual Level 2 Quotes and order execution that is fast as lightning.

The Most Important Lesson of Trading Simulators

Why is it so important to work with trading simulators? Because you get to learn risk management without risking anything more expensive than your pride. And risk management is the most important skill you need to master if you want to be a profitable trader.

You always need to put a stop-loss on your trades. And you need to stick to that stop-loss marker. You may see the trade going south and you want to hold on just a little bit longer to see if you can make your money back. But what you need to learn how to do is cut your losses. Get out of bad trades as soon as possible.

When you are in a trading simulator you can beat yourself silly by making that mistake over and over again until you learn. And you don’t lose any real money. Let it ride a couple of times and then you will learn quick how important it is to cut a losing trade before you lose all your profit for the day.

Want to find out if you can hack it without the possibility of losing lots of cash? Search out Warrior Trading on Facebook and take your shot.

Disclaimer: This post may have an affiliate link. See our disclosure policy for more information.

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Wondering if you want to sell your home comes across the minds of every single person who has ever owned a home. The endless possibilities presented by getting a boatload of cash for your house and starting over somewhere new are very enticing. However, deciding to sell your home is only the beginning of a long line of time-consuming tasks.

Before deciding to jump on board with the full-time commitment of selling your home, you should ask yourself a few questions to make sure that you’re ready.

Is it the Right Time to Sell?

You bought your house over ten years ago and the process was relatively simple. You found the house you wanted, made an offer and eventually moved in. Well, selling your home now might not be as easy in the market of right now as it was to buy back then. Is the market your house is in a buyer’s market or a seller’s market? Knowing this can make the difference and not only save you in real estate agent fees but a whole bunch of time won’t be wasted.

If other homes in the area aren’t selling well, then it might not be a good time to sell. However, if they are, how much are they going for? If they’re selling above the market average, chances are you’ll be able to get a similar home above market price. Alternatively, if houses in the area are going for under market value, you can expect that to happen as well.

Why Do You Want to Move?

You’ll need to be as honest with yourself as possible. Do you want to leave because you don’t like the neighborhood? Were there unforeseen issues with the property that make it unlivable? Perhaps your family is just expanding and you need something to accommodate the new people in your life. Whatever the reason, it’s important to understand what is making you leave, so you know what to look for from a new property.

What Should Potential Buyers Know About the House?

It’s important to note things that a potential buyer would want to know prior to buying the house. Use the honor system when considering these factors. Would you want to know if the area has a problem with noisy neighbors or vandalism? If there are some things that come with the house that could be perceived as nuisances, you must disclose them to the potential buyer.

Do You Know Where You’re Going After the Sale is Final?

This might seem obvious, but it is an important part of moving out of a home. What will your next step be? If you’re moving so that you can retire, maybe you’d like to buy a beachfront property or a cabin up in the foothills of your area. This can make a huge difference in how your homeowners insurance quotes compare to one another. A beachfront property is likely to be much more expensive than something more manageable in the suburbs, but it is entirely up to your discretion.
No matter if it’s your first house or your tenth, selling a home is a complex and unique experience that requires care, passion and time. In order to see the best results, don’t rush the process and be as prepared as possible.

Disclaimer: This post may have an affiliate link. See our disclosure policy for more information.

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Grab $50 Krispy Kreme Card for ONLY $40!

by Justin Weinger on February 10, 2017

 

Grab $50 Krispy Kreme Card for ONLY $40!

Hey who wants flowers when you can get Krispy Kreme!  Perfect for Valentine’s Day!

Use code DONUT10 at checkout

 

Disclaimer: This post may have an affiliate link. See our disclosure policy for more information.

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Do I Need An EIN If I’m Filing For A Sole Proprietorship?

by Justin Weinger on February 10, 2017

If you are self-employed, or freelance as an independent contractor, you will need to declare your status for the IRS. This can be done in several ways, including making your business a sole proprietorship. If you are applying as a sole proprietor, you have an option as to whether or not to get an EIN. Below is a bit more information on why you may not need an EIN, but will perhaps want one anyway, in which case you can apply for an EIN online.

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Disclaimer: This post may have an affiliate link. See our disclosure policy for more information.

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Save 40% on the Complete Ninja Coffee Bar Brewer Set

by Justin Weinger on February 9, 2017

 

Save 40% on the Complete Ninja Coffee Bar Brewer Set

You can’t beat this deal!

This includes the Brewer, Thermal Carafe with Ninja Hot and Cold 18 oz. Insulated Tumbler and Recipe Book.

Save $78, but TODAY ONLY

 

Disclaimer: This post may have an affiliate link. See our disclosure policy for more information.

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Today ONLY: 25% off DEWALT 118 Piece Mechanics Tool Set

February 8, 2017

  Today ONLY: 25% off DEWALT 118 Piece Mechanics Tool Set Don’ miss out on this deal! Deep laser etched markings for easy socket size identification Knurled beauty rings provide a non-slip gripping surface 72 tooth gear system for high torque ratcheting 5 Degree arc swing and slim head design for maneuverability in constricted areas […]

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Tax Day is Approaching! Save on H&R Software

February 6, 2017

  Save on H&R Software is $18.99 (was $44.99) Personalized tax advice Maximize mortgage interest and charitable deductions Sale of stocks, bonds, and mutual funds One State program download included, a $39.95 value (State e-file available for $19.95 per return)

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Ginsu SS 4-Piece Prep Kitchen Cutlery Set 60% off!

February 4, 2017

  Today’s Deal: Ginsu SS 4-Piece Prep Kitchen Cutlery Set 60% off! Super deal! Hanaita Damascus Blades are made with 33 layers of alternating high and low carbon Japanese stainless steel These layers are forged together and sharpened to an extreme 10 degree Asian knife angle The blades are cryogenically cooled with liquid nitrogen for […]

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Grab the February Target Beauty Box for $10!

February 2, 2017

February Target Beauty Box $10! Love these boxes!  Great way to pick up travel/samples and test out new to me products Masque Bar Hydrating Peel Off Mask Raw Sugar Raw Coconut and Mango Body Wash Soap and Glory Face Soap and Clarity Face Wash Gliss Ultimate Repair Shampoo Gliss Ultimate Repair Conditioner Sun Bum Sunless […]

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Today’s deal: 25% off BLU VIVO 5R Refresh Smartphone

February 1, 2017

  Today’s deal: 25% off BLU VIVO 5R Refresh Smartphone 5.5” Full HD Display with Curved Glass; 8.1mm Slim Metal design with Fingerprint Scanner and Encrypted file management system 13MP Sony IMX258 Main Camera with Phase Detection Autofocus and 8MP wide-angle Selfie Camera MediaTek 6753 64-Bit 1.3GHz Octa Core Processor, 32GB Internal memory 3GB RAM […]

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