Hi this is Matt from Kurb I’ve been running Kurb my little promotions business, from home for over 7 years.
Well on top of my cd dvd duplication and postering which is usually just a short burst of intense work where otherwise I mainly just have to be around for various clients coming and going with cd dvd copying etc., I’ve begun to do foreign exchange trading, or forex.
This is a pretty cool thing to when you have productive downtime. But you have to be careful if you have a weakness for gambling.
Obviously you need a logical strategy based on hedging. It’s not a casino. Everyone’s strategy is different. I never lose money with my strategy but every so often I do get myself into some pretty tight spots. I use the fact that I’ve got deep pockets to cover my hedging strategy.
I knew that that was the danger of my hedging strategy, and because on my second day I distractedly pushed the wrong category, I ended up taking a really deep position I couldn’t back up, and now I have a long road back.
But the more I think about it, it has been a great opportunity to learn.
I knew the weakness in my strategy and so it was, because I clicked on the wrong thing, I had to face it on the very first day. Doubling down, deep into a bad position and getting into a hole.
However it was meant to be. Not only did I face the nature of this issue, which is riding out the stress, which again, is something I can usually do as long as I’m alone, I also was able to quickly move to the solution, which is always hedging.
Hedging means that when you lose, you never lose too badly because you’ve got eggs in other baskets and fingers in other pies.
Wasn’t this how I got myself into this mess? Yes, but we are working through other factors, like seeing a chart I read wrong, and of course the fact that biggest problem was caused by clicking on the some high rollers category by mistake and getting into that deep hole of a position.
We’ve learnt now about establishing good hard limits too our positions based on how much we can back them up. But also, by hedging very directly and very heavily, we give ourselves good insurance that if we’re hit by a massive run where one asset group drops heavily putting pressure on our leverage, it will be immediately propped up from the other side so we’re never vulnerable.
If you’re ever over exposed in a position and falling hard, if youre stacking the other side as you’re falling, you’re actually coming half way back up.
Yes, it means the recovery will also be not so flash, but what I’m talking about is stopping that damage when you’re falling from a high position, giving you just enough friction coming the opposite way to stop the crash landing from breaking you up.
This will be more so the case because we are continuously consolidating our credit line, which was another reason why being hit the first day was so nerve wracking only really having my credit card to back me up.
The fact that I’ve been stressed out about coming into the pitfalls is actually teaching me at an accelerated rate because I am dealing with what has to be dealt with. I am becoming aware now of what the potential issues I’ve got coming over the horizon, because you don’t just step into a new income without having some issues, this is investment, so I am slowly looking at where the risk lies.
But each day, I appear to be learning something new, and it all feels so intuitive, like I am learning how it is. Day 3 I realised my plan could include intricate hedging to ensure I never went bust. Day 4 I learnt a technique for buying as the price rises, but it soon left me with hard positions on one side, which eventually formed a bigger hole with the australian hole. Then on day 5 I learned how to buy inside the curve, watching the mini movements within the bigger movements and trading in a different style depending on whether it was the middle or the edge.
I am beginning to realise my descriptions of the trading side of things may be brief.
This is opening up a whole new direction for my business which I will have to pursue, and in doing so it creates a lot of discussions about business directions.
We laid out a plan under which we would advance our pirate stories and shows, but now we know the triggering condition of a need for income will never happen. We have to rethink it based on passion.
Some of my other plans for event management and video production become almost certainties, but we have to reflect on what exactly we are trying to gain from these situations.
The talent directory idea I had will likely go ahead I think. These are my adventures. Pirates and talent. Getting these going is the first step before we go for any community or music stuff.
So we probably will need management at some stage. Because I want someone to start booking me for DJ gigs, booking the girls, and booking the pirate, and booking tours and all of that, plus doing the promo and the admin. So I say we want an employee coming in for 4 hours 3 times a week, she gets $180. No we need total contractors. This is for the business blog.
But before management comes the promo work that gets the image.
First I guess I will start on odesk,
Video editors, website coders, animators, promo people, we need them. But we also need organising people here. If I had a person, what would they do? There seems to be this disconnect from having someone able to do more than just the job I do at old kurb. CD DVD duplication Auckland.
Another angle I believe is useful is identifying what we won’t do.
It is very unlikely that I will ever film a wedding now, or do many things. Focus on doing print copying? Unlikely. This is all ground we have to cover. Some concepts can remain as a means for a senior employee to expand their role doing these tasks, but they are not for me.
So many business ideas that you’re half developed can be abandoned. Basic models for building content based income. It is possible I may take an employee that I attempt to mold into doing all the things I might have done. But for now we publish and forget, as the limits of that are back to wedding videos and music management.
Content farms. No way, the only content farm I would consider is drum and bass, and even then no content farm is more interesting to me than a farm of content that I curate and I don’t see any particular niche there. I already have a website.
My websites cover my interests. Business, music, video, pirates, talent.
Anything else is to be removed immediately.
FLUSHED BUSINESS CONTENT FOR IMMEDIATE REMOVAL
creditcards: 1-models / 2-muso’s / 3 random nz deals / 4 publishing / graphic design
site rehaul >> videos >> boost adsense >> build links>>funnel to newsletter
info product/landing pages + adwords+outsource
goin macro. Using a “Mattnz” unit as standard measurement if 1 x m = n then 2 x m = 2n
The big question right now for me is if 2 x m = 2n then does (2n + n) – m = 2n? #lifealgebra
evolution of blog
1: concept 2: spontent + adsense 3: design
4: blog promotion 5: backlinking 6: time +more spun + rewritten content
7: article amrketing 8: flagship content 9: editing
100 blogs under 12 niches needing spin + submit
I write 5 articles. I edit 10 more = 15 article subs
That should cover every niche, canned content will cover rest
each niche has flagship, feeders or adsense are ready to blossom and monetize or flip