Since starting this blog I have slowly turned away from the usual money making techniques and have started to focus more on stocks. The main reaon for this is I make more money buying and seling stocks than any other online money making type opportunity I have tried.

When I started trading I was generaly trading small cap companies with share prices between $5-$25 and I was doing alright at it too.

Then I came across the microcap companies, you know the ones you are warned to stay away from because they trade below a dollar and often as little as $0.0001 per share. The experts warn that your entire capital could be wipe out in seconds and that stops won't work in this game because many traders often get stopped out shortly after buying the shares. Then there are the horror stories about corrupt market makers who
manipulate the share price in their favour and always seem to get away with it? This is all well and good but I thought with the right informationI could quickly get in and out with nice sizeable profits. So I began the search for education in this area of trading.

It is worth mentioning at this point that if you decide to trade penny stocks or microcap stocks then only trade with money you are willing to part with. It is said all the time but always ring true. You can never tell which trade could go wrong and lose your entire trading capital. If you are familiar with technical analysis or use it regularly then you probably already know that this type of stock is difficult to predict no matter how fancy your charting  software is. These stocks are driven by gossip, hype, self promotion and good/bad news primarely and therefore are truely unpredictable mostly.

After doing some searching I found a penny stock pickng newsletter which certainly was nothing new. You may have heard of theses newsletters before where you sign up and pay a fee to receive a penny stock pick every six months. This was not going to provide enough stock picks for me to trade frequently  or so I thought. I signed up and waited a few days for the first pick. The results were certainly impressive and far more profitable than previous services I had tried. 

Here is the link to the website with a video of live trading producing profits of $2300
http://www.themicrocapmillionaires.info

This is a pretty basic topic but one that will help you out a lot in the log run. Your Online Business, no matter what it is will fail or never get going without forward planning and by having a plan to work by you are setting yourself up for success. No matter what anyone tells you this is what you need to work on first, everything else will fall into place later.

To devise a plan you will first need to look at your financial requirements. I don't mean the "I want to be rich" approach, think of a realistic figure you would expect to earn in say 3-4 months from now. This figure will depend on the amount of time you are willing to give to building your online business. So realistically we will say in 4 months time you aim to be making at least $800/week from your online business.

Now that the target is set you need to decide how long you are willing to spend on your online business every day. If you are currently unemployed or working a part time job the amout of time spent working at your online business could be 3-4 hours/day.

If you have a full time job you might onlysqueeze in 1-2 hours/day but thats alright too. It will just take longer to make your online business your primary source of income if that is your goal.

Once you have a plan to work by and stick to it on a daily basis your online business will begin to grow into a very profitable primary or second income again depending on what you are looking to get out of it.