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Monday, November 30, 2015

Get Rich and Stay Warm This Winter by Marc Charles

Get Rich and Stay Warm This Winter!
A Unique Business Makes Money No Matter What Happens to Price of Oil

7:11 AM

Dear Entrepreneur:

A check was made out to me for $12,314! 

I stared at the stupid thing for almost a minute.

This was my second check in this silly business.

Now….don’t call the “authorities” claiming I promised you instant riches with absolutely no risk whatsoever.

Come on…..that’s not honest.

There is MAJOR RISK involved in this market and business.

But there are ways to protect yourself, or even get involved on a small scale, and this should help you reduce the risk.

What’s more…..

There are ways to approach this market and business that’ll give you an “edge”.

One “edge” is to know the market by researching and studying it like a professional, not a weekend gambler or football junkie.

I’ll show you how reduce your risk (and in some cases eliminate it) and make money at the same time.

But first it’s important to realize this market is highly leveraged.

That means you can put up a little money in the form of “margin” and leverage or parlay this amount into big gains.

In fact, the futures market is the highest leveraged market in the world…period!

And don’t kid yourself….

You could lose your initial investment in this market and MORE!

So….study, research and learn from savvy professionals.

The market and business I’m showing you today is heating oil futures.

So let’s get started………

There are two basic groups of people in this market:

·        First Group:
Large professional traders, money managers, mutual funds and institutions (like banks, oil companies and insurance companies)

·        Second Group:
Small speculators, traders, investors and beginners

One challenge in this market is to understand how it moves. 

But there’s a closely guarded money making secret I’ll share with now.

Everyone has access to the same information, statistics, charts, and advice.

But novice traders and investors will trade anything that moves. 

As soon as a stock, currency, commodity, or real estate property moves to a new high, everyone wants to buy it!

What’s more, novice traders jump from one market to another seeking the next “big” deal.
I knew a wildly successful futures trader when I started in this business. He said something I’ll never forget:

“You could lose several fortunes if you don’t focus on a specific market”

In other words, when it comes to trading futures (or anything for that matter) it’s better to focus on the nuances of the market you are trading.

Most new traders do NOT take the time to gain an understanding of each commodity market.
New traders don’t take the time to watch how it moves, trading ranges, cycles, or seasonal changes.

Novice traders don’t have a clue where the “Big money” is in a market (these guys control large sums of cash…think hundreds of million or billions).

And that’s not all……

The heating oil market is super easy to learn!

For example, let’s say you expected heating oil prices to rise during the winter months (which it often does but it’s tricky).

Let’s say that you purchased one March heating oil contract “at the market” (this means at the current prevailing market price) at 2.05.

Your expectations proved correct and the heating oil market moves up to 2.65 over the next few weeks. 

Now you decide to sell one March heating oil futures contract “at the market” and grab in your profit.

A heating oil contract on the NYMEX exchange consists of 42,000 gallons. 

When you opened the trade and bought one heating oil contract it was worth $86,100 (2.05 x 42,000 gallons = $86,100).  

A couple of weeks later when you sold this contract “at the market,” it would hypothetically be worth $111,300. 

In this example you would have made a profit of $25,200 (less commissions and fees).
That’s a lot of money for most people including me.

But for some people $25,000 is chump change!

Some of the traders, money managers and companies who participate in the heating oil futures market trade hundreds of contracts

In this example, if you traded 100 contracts on this same pricing move it would have meant 100 x $25,000 or $2.5 million!

Let’s come back to planet earth…..

In order to trade a heating oil futures contract you’ll need to make a deposit – this is referred to as margin. 

The required margin fluctuates daily - but for heating oil it’s currently around $1,000.

Heating Oil “Cheat” Sheet

Heating oil is a flammable liquid petroleum product normally used to fuel furnaces and boilers.
It’s similar to diesel fuel. Both of them are referred to as distillates. 

Heating oil is also known throughout North America as No. 2 heating oil. The market receives a lot attention every winter.

In finance, a futures contract is a standardized contract, traded on a regulated futures exchange. 

This is the easy part….

A contract is an agreement to buy or sell an underlying commodity at a certain date in the future, at a specific price. 

The future date is called the delivery date or final settlement date. 

The pre-set price is called the futures price. The price of the underlying asset (in this case heating oil) on the delivery date is called the settlement price.

A futures contract gives the holder the obligation to buy or sell. 

This differs from an options contract, which gives the holder the right, but not the obligation

Options are an entirely different market, but they are another way to greatly reduce your risk.
I’ll cover some interesting option opportunities in the weeks ahead.

An important thing about futures contracts…

Both parties of a "futures contract" must fulfill the contract on the settlement date.
The seller delivers the commodity to the buyer. 

Or, if it is a cash-settled future, then the futures trader who sustained a loss transfers cash to the one who made a profit. 

To exit a commitment prior to the settlement date, the holder of a futures position has to offset his position by either selling a long position or buying back a short position, effectively closing out the futures position and its contract obligations. 

The majority of futures contracts are exited before the settlement date. 

Most traders in the heating oil futures market have no intention of taking physical delivery of the commodity.  This is a major point.

The only companies interested in taking a physical delivery of heating oil are those involved the heating oil business.

You can watch heating oil futures prices on all of the major financial news networks, such as Bloomberg, CNBC, Fox Business, BBC, and others. 

You can also track heating oil futures on the top financial websites, such as Google Finance,,,, Yahoo! Finance and others.

How to Make Money with Heating Oil Futures 

One of the best ways to make money by trading heating oil futures is to avoid losing money.
This isn’t a play on words or a tricky trading rule!

In my experience avoiding losses has been a very big deal. You could become very rich over time if learn HOW to avoid losses and let your winning trades run wild.

As I showed you earlier, the heating oil futures market is easy to understand and even easier to trade. 

However, just because winter is around the corner and temperatures are expected to reach historic lows (rumors) this doesn’t mean the price of heating oil futures will rise.

In other words, it takes a little effort and research to understand how the heating oil market works

We need to understand the “ebb and flow” of the market. 

Historical price charts are a great way to do this! 

Here are two places to obtain historical price charts:
In addition, we need to know when the major players are buying or selling heating oil. You can get this information from the Commitments of Traders Reports.

It’ll also helpful to know the cash price (or dock price) for heating oil.

A bunch of heating oil traders make money specializing in the “spread” - or the difference between the futures price and the cash (dock) price.

Okay…let’s get back to avoiding losses…..

In my experience, there are three ways to avoid losses in the heating oil markey (actually any market now that I think of it):

1) Understand the nuances of the heating oil market (Typical trading ranges, where the “big money” is committed, cash prices, historical price charts, etc.)
2) Under trade. Trade less than you can actually afford to lose!  When your positions are profitable systematically remove profits and start over again small.

3) Use stop losses and options. A stop loss is an order below or above where you entered a trade. It enables you to “get out” of a trade if you are wrong. DO NOT CHANGE stop orders. Call or put options can be purchased above or below your entry points.

I’ve covered my “matrix” strategy in previous issues. But it bares repeating.

Here’s a hypothetical trade using my “matrix” strategy:
Buy one December heating oil futures contract “at the market” (the current market price)
The market moves higher. Your position is profitable.
Sell your one December heating oil futures contract “at the market”.
Then buy two December heating oil contracts “at the market”.
The market moves higher. Your position is profitable.
Then sell two December contracts “at the market”
Then buy three December contracts “at the market”.
The market moves higher. Your position is profitable.
Then sell three December contracts “at the market”.
Now buy four December contracts “at the market”.
The market moves higher. Your position is profitable.
Then sell four December contracts “at the market”.
Remove all of your profit from the market. Then start over again small.
NEVER trade more than four contracts (until you become a seasoned trader).
ALWAYS trade a series of four trades – never more, never less.
ALWAYS start over again SMALL.

You see…..

Rookie, novice traders ALWAYS over trade…especially when they make money. They become overwhelmed at the prospect of becoming “rich”. This is when 95% of the mistakes in judgment occur…in my experience.

Another Way to Avoid Risk is by Using Inverse ETFs

I really like inverse ETFs! They enable you to trade highly leveraged and volatile markets without a lot of risk.

In fact, ETFS are similar to commodity options in that your risk is limited to the initial investment….that’s it.

You can also make money with ETFs (and options) of the price of commodity goes down, stays constant or even goes up a little.

I’ll cover unique ETF and option strategies in future issues.

But for now….it’s important to know you can make a living in this business. 

There has never been a better time to learn this incredible market and business 

In no time flat, you’ll be warming up with your own heating oil profits!

Trade safe….and always look for ways to reduce risk and losses.

Have fun and play nice.


Marc Charles

*** Action Plan ***
Research the heating oil market.
You can practice trading this commodity on paper to see if the strategies I’ve shared with you work.
Try pyramiding your positions to see how much money you could “hypothetically” make on paper.
Limit your pyramiding to only four contracts when you’re starting out.
Open a commodity trading account with a reputable brokerage.
Start trading heating oil futures when you understand the risk and the “ebb and flow” of the market.
Trade ETFs!
The downside risk is limited to the price you pay for each ETF share.
***Valuable Resources***
Commodity Brokers
Proactive Futures
Commodity Futures Exchanges

**My Recommended Book List**

Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market by Jim Rogers
The Little Book of Commodity Investing (Little Book Big Profits) by John Stephenson and John Mauldin
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading by Peter L. Brandt
Reminiscences of a Stock Operator by Edwin Lefevre and Roger Lowenstein
Agricultural Options by George Angell
The New Market Wizards by Jack D. Schwager
Trade Your Way to Financial Freedom by Van K. Tharp
Elliott Wave Principle by Robert R. Prechter, Jr. and A. J. Frost
Commodity Trading Manual by the Chicago Board of Trade and Frank Ross
Winning in the Futures Markets by George Angell
Market Wizards: Interviews with Top Traders by Jack D. Schwager

Thursday, November 26, 2015

Travel “Loophole” the Airlines PRAY You Never Learn by Marc Charles

Travel “Loophole” the Airlines PRAY You Never Learn

7:44 AM


This stuff is never advertised!

And most people don’t make a dime on this loophole so they’re not going to tell you about it either.

I used the loophole on a flight from LA to Boston recently, and when I mentioned it to the airline reservation clerk she pretended like it didn’t exist.

But believe me….it’s very real….and it works!

One airline was fined $375,000 recently for trying to withhold this loophole from a passenger.

And forget about getting info from Uncle Sam. Maybe it’s the $40 million airline lobby…oh well.

Real People Using “the Loophole”

·        Harvey Oreck, a former barrister from Vancouver, British Columbia has scored more than 30 free flights!

·        Christopher Lotz, from San Jose CA scored a FREE flight voucher worth about $1,000 -- enough for a European trip!

·        Tom Parsons, (founder of has received $1,000’s in free flights

·        Asheet Aswahi, from Pittsburgh PA snagged four free flights, meals and lodging over a 12 month period

Here’s the deal…

Airline overbooking is not illegal.

Airlines always overbook flights to compensate for the "no-shows."

The downside to overbooking is passengers typically get "bumped" as a result.

Listen carefully….

When overbooking occurs, the Department of Transportation (DOT) requires airlines to ask passengers if they’re willing to give up their seats voluntarily, in exchange for compensation.

Bumped passengers are entitled to compensation!

Getting Bumped for CASH!

According to the Associated Press, 69,000 passengers were bumped in 2010!

Most of these passengers didn’t receive a dime in compensation because they didn’t know how “the game” is played.

Here's How the “Bumping Game” Works

At the check-in area, airline employees will look for passengers willing to give up their seats when a flight has been oversold.

If you're not in a hurry you can give up your seat in exchange for compensation and a later flight.

But don’t agree to the “bumping game” until you get answers to these questions:
Can the airline provide a confirmed seat on the alternate airline? The alternate flight may be acceptable. But if they offer to put you on standby flight that's full, you could be stranded.

Will the airline provide other amenities such as free meals, a hotel room, phone calls, and ground transportation? If not, you might have to spend the money they offer you on food or lodging while you wait for the next flight. This is a big one!

The DOT does not say how much an airline is required to compensate “bumped” passengers.

This means the airlines can negotiate with passengers for an acceptable amount of money or a free trip (and possibly other incentives).

The airlines provide employees with guidelines for bargaining with passengers.

They may select the volunteers who are willing to sell back their reservations for the lowest price!

If the airline offers you a free ticket, ask about the restrictions.

How long the ticket good for?

Is the ticket "blacked out" during holiday periods?

Can the tickets be used for international flights? This is a stickler! I received a free flight and compensation, but I found out later it couldn’t be used for a flight to Bermuda. I complained and the ticket was revised!

Most importantly, can you make the reservation, and if so, how far before departure are you permitted to make it?

Three Things to Consider When Accepting “DBC”

Denied Boarding Compensation or DBC requires airlines to give all involuntarily bumped passengers a written statement describing his or her rights.

The statement must explain how the airline decides who can board an oversold flight and who does not.

Involuntary bumped passengers are entitled to a payment of “denied boarding compensation”. The actual amount depends on the price of their ticket and the length of the delay.

If you are bumped involuntarily and the airline arranges substitute transportation which is scheduled to get you to your final destination (including later connections) within one hour of your original scheduled arrival time, no compensation is required.

If the airline arranges substitute transportation which is scheduled to arrive at your destination between one and two hours after your original arrival time (within four hours on international flights), the airline must pay you an amount equal to your one-way fare to your final destination, with a $400 maximum.

If the substitute transportation is scheduled to get you to your destination more than two hours later (four hours internationally), or if the airline does not make any substitute travel arrangements for you, the compensation doubles (200% of your fare, $800 maximum).

In most cases you’ll keep your original ticket and use it on another flight.

If you choose to make your own arrangements, you can request an "involuntary refund" for the ticket for the flight you were bumped.

The “denied boarding compensation” is essentially a payment for your inconvenience.

Surprise “Conditions” Airlines Don’t Want You to Know

In addition to the ticketing deadline, each airline has a check-in deadline. This is the amount of time before scheduled departure when you must present yourself to the airline at the airport.

For domestic flights most carriers require you to be at the departure gate between 10 minutes and 30 minutes before scheduled departure, but some deadlines can be an hour or longer.

To be eligible for compensation, you must have a confirmed reservation. A written confirmation issued by the airline or an authorized agent qualifies you in even if the airline can't find your reservation in the computer, as long as you didn't cancel your reservation or miss a reconfirmation deadline.

You must meet the airline's deadline for buying your ticket. Discount tickets must usually be purchased within a certain number of days after the reservation was made. Other tickets have to be picked up no later than 30 minutes before the flight.

Check-in deadlines on international flights can be as much as three hours before scheduled departure time.

Some airlines may require you to be at the ticket/baggage counter. But most airlines require you to be in the boarding area.

Important Note: If you miss the ticketing or check-in deadline, you may have lost your reservation and your right to compensation if the flight is oversold. No compensation is due if the airline arranges substitute transportation which is scheduled to arrive at your destination within one hour of your originally scheduled arrival time.

If the airline must substitute a smaller plane the carrier is not required to pay people who are bumped as a result.

In addition, on flights using aircraft with 30 through 60 passenger seats, compensation is not required if you were bumped due to safety-related aircraft weight or balance constraints.

The rules do not apply to charter flights, or to scheduled flights operated with planes that hold fewer than 30 passengers. The rules do not apply to international flights inbound to the United States.

However some airlines on these routes may follow them voluntarily.

When a flight is oversold and there are not enough volunteers, some airlines bump passengers with the lowest fares first. Once you have purchased your ticket, the most effective way to reduce the risk of being bumped is to get to the airport early.

For passengers in the same fare class the last passengers to check in are usually the first to be bumped, even if they have met the check-in deadline.

Allow extra time; assume that the airport access road is backed up, the parking lot is full, and there is a long line at the check-in counter.

However, if you arrive so early that your airline has another flight to your destination leaving before the one that you are booked on, either switch to the earlier flight or don't check your bag until after the first flight leaves.

If you check your bag right away, it might get put on the earlier flight and remain unattended at your destination airport for hours. Airlines may offer free transportation on future flights in place of a check for denied boarding compensation.

If you are bumped involuntarily you have the right to insist on a check if that is your preference.

When you cash a check (and accept the free flight), you lose the right to demand money from the airline later on.

If being bumped costs you more money than the airline will pay you at the airport, you can try to negotiate a higher settlement with their complaint department. If this doesn't work, you have 30 days from the date on the check to decide if you want to accept the amount of the check.

You are always free to decline the check (e.g., not cash it) and take the airline to court to try to obtain more compensation.

Don't be a "no-show." If you are holding confirmed reservations you don't plan to use, notify the airline. If you don't, they will cancel all onward or return reservations on your trip.

Improve Your Odds of Getting Bumped

There will always be airline passengers with urgent travel needs.  Their top priority is arriving at their destination on time.

The airlines are required by law to seek out the passengers who are willing to give up their seats for compensation before bumping anyone in- voluntarily.

Harvey Oreck whom I mentioned earlier is often referred to as a “professional bumper”.

When Harvey hears an announcement in the airline terminal that begins “Ladies and Gentlemen…” he knows it’s a signal for an overbooked flight. He also knows it means free trips and/or cash vouchers for the “bumped” volunteers.

Oreck, a semiretired lawyer and former barrister from Vancouver, British Columbia, estimates he and his family have scored airline vouchers for about 30 flights from the bumps that he has taken over the past five years, paying for trips to Thailand, Mexico and other locales!

On a recent trip home from Las Vegas, Harvey accepted a bump to a later flight and accepted a free flight voucher.

A few minutes later, someone backed out of his original flight, allowing Oreck to go home as planned and keep his already-issued voucher!

"You have to be alert and proactive," Oreck said.

Airline over-sales swelled 12% in the 2010, giving flexible fliers a greater chance to land some great freebies and offset the rising cost of air travel.

After talking to airline employees, savvy travelers, professional “bumpers” and travel experts I refined my list to seven of the best ways to increase your odds of getting bumped.

Seven ways improve your odds…

Always get to the boarding area early. Be friendly and let the airline check-in agent you are willing to be bumped

Book flights on the busiest travel dates, times and holidays

Books flights on airlines with the highest “bumping” percentage

Books flights on the most popular business traveler times and dates

Book flights on early flights (before 8:00 AM) rather than later (after 7:00 PM)

Book single reservations

Book flights on the most popular destinations (New York City, Orlando, Las Vegas, Los Angeles and Miami are the top five)
There you have it!
The secrets of world travel using the airlines loopholes. You can also get bumped for cash!
I hope that helps.
Have fun and play nice…..and please post your comments!

Marc Charles
“The King of Business Opportunities”

*** Action Strategy ***
This “Loophole” will help you save you big time money, time and energy!

But you can also use it to get paid! That’s what I’m talking about!

You can apply the “loophole” in this week’s issue TODAY.

Would you like to learn about more of secret loopholes and insider tactics for getting HUGE discounts, VIP treatment, freebies, invitations and even CASH?

I thought so….. then check out my new program now…by clicking here.

*** Valuable Resources ***

BumpTracker (analyzes the number of seats oversold on certain flights at certain times)

FlyerTalk (Frequent flyer and “bumped” community) (Insider Air Travel Tips and Advice)
FiredAirlineAgent (Susan Jacobs was a 15-year airline industry veteran until she was fired. She has written an eBook with more than 46 ways to get free airline tickets, and other insider information)
The Top Airfare Websites
They provide deep links to fare calendars to every domestic fare that can be purchased on,, or, and to for most international fares
·        They show fares from every conceivable airport
·        They only list fares that they think are reasonable
·        They have better organization. is an independent airfare shopping site with most of the tools necessary to help consumers find the best deals available quickly and easily.
Every day processes feeds from more than 500 airlines - totaling more than 270,000 city pairs worldwide.
Orbitz is an online travel company that enables leisure and business travelers to research, plan and book a wide range of travel products. Orbitz also owns CheapTickets, ebookers, HotelClub, RatesToGo, the Away Network, Asia hotels, and corporate travel brand Orbitz for Business.

They search more than 200 travel websites to locate the best travel
values on the Internet

Tom Parsons, one of the most sought-after travel experts in the country. He is a consumer champion, offering information on travel bargains, the airline industry and its effects on consumer pocketbooks. From frequent flyer miles to travel deals to the nation's seemingly never-ending changing security policies, Tom is on the beat.

One of the Internet’s most complete resources for airfare cuts, daily deals, airline goofs and short-term airfare cuts

Last minute travel and airfare deals

Yapta is designed to help consumers manage fluctuating travel prices so they know when to "buy low". Yapta conducts daily price checks on the specific flights and hotels and alerts you when prices drop or when they fall within your budget. is one of the largest online travel resources on the Internet for unbiased travel news, deals, and timely expert advice. They research the latest and best travel deals, compile travel guides for destinations worldwide, and offer money-saving tips for travelers.

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