The same way you can sell a future in weather products. The two are correlated in some way. Of all the futures products out there, I think the electricity/weather pair is about as "exotic" you can get, like USD/THB currency deal.
IAlwaysWin, I heard affiliate marketing is very profitable business. Is this true? Does it require alot of start up capital.
Started out swing trading my 401k and a broker acct. while working. Peter Lynch, the guru of that era, recommended buying what you knew about. I worked for an ISP so I traded & invested in the dot com stocks at the right time & made enough to easily justify quitting my job. I was trading for a living in my mid 30's. I had doubled my acct despite spending $ like there's no tomorrow. 6 years later I went bust, mainly from 1 trade - the U.S. Cole attack caused a shock event and I got hammered. On top of that I owed the IRS $145k for capital gains - how ironic. I went back to work, paid off the IRS, maxed out my Roth & 401k and traded. It took about 13 years to get back to close to where I had been, not counting inflation. I quit my job this time for good having spent a zillion hours working on my trading plan, risk mgmt spreadsheets, & back-testing. Nearly all traders blow up a time or two during their learning curve. The best traders with a long track record all have one thing in common - a fanatical focus on their trade/risk mgmt. It sounds boring but it what defines your equity curve over the long haul. I would urge any aspiring trader to learn all you can on this subject. The name of the game is to stay in it long enough to get some real experience which can take 5-10 years before you hit your stride. The only consistency I have control over is my own behavior. Expecting a linear return every day, week , or month is a mirage, chasing it typically snuffs out any real upside - unless your content making a few ticks most days or happen to be that 1 in a million scalper that than go for it. Dr. Steenbarger is a coach to some of the best traders & firms - here is a real nugget of wisdom to frame next to your screen: Psychology "The goal of trading psychology is to build consciousness, not reduce emotion. The goal is to create regular access to the flow state of heightened learning and focus. Talking to a trading coach, in itself, won't accomplish that; nor will well-intentioned efforts to calm oneself or take breaks from trading.' Risk Mangement "People debate whether trading success is attributable more to trading techniques or psychology. The answer, of course, is both—but the point where the two intersect is risk management. A huge percentage of trading success or failure can be laid at the doorstep of risk management. Across different traders and trading firms, 90% of all profits were attributable to 10% of all trades. While traders would like to think of themselves as making money on a majority of their trades, the reality for frequent traders is that a minority of trades are winners, and it is the few large winners that produce a favorable profit/loss statement (P/L).
https://www.eia.gov/electricity/wholesale/ https://www.pjm.com/markets-and-operations/interregional-map.aspx https://www.pjm.com/markets-and-operations/energy.aspx Before you get terribly excited, wholesale power takes an incredible amount of capital in order to trade. It's an OTC market. The ICE Swaps are the cheapest way to go, and they are financial contracts cleared by LCH. The bilateral physical market requires a serious balance sheet and/or generating assets. The ICE and ClearPort Swaps are NOT a product that a discount futures firm is going to be able to provide - usually those are executed through and cleared by Investment Banks or sometimes ADM or RJO.
If you want a fighting chance and not have to work like a dog then yes. $5000 is the minimum that I would recommend.
... And that was with @dest kindly not mentioning his summers in Rangoon, the luge lessons, or the Zoroastrian named Vilma who ritualistically shaved his testicles.
Thank you IAlwaysWin, Questions: 1.What social media platform would you recommend for affiliate marketing to begin with? 2. What affiliate marketing book or training program would you recommend? 3. What affiliate marketing mentor would you recommend following? 4. Explain a bit what you mean by "If you want a fighting chance and not have to work like a dog then yes" Thank you,
That's fascinating. 23 years in the business, and I just met my first individual that was in OTC Power and Energy, from the Purchaser side, back in July. A Michael W. outta New York. It was like speaking to someone from a completely different universe.