Met HOBO yet? Probably not... as HOBO stands for Honest Online Business Opportunity and they don't come along that often.
Yes, I mean the kind of business that you could conduct being practically a hobo, except that equipped with a laptop and wireless connection. That seems to exclude beaches as the place to carry on such business (yet?), but includes a lot of other cool places to hang out such as libraries, bookstores, Starbucks coffee shops... and many more coming in future (perhaps even a beach or two).
It is true that there are many online business opportunities out there, most of them promising quick profits with little effort involved (or none at all), but those are usually scams and you should make no mistake about it. One of the most outrageous these days (late August 2006) is the data entry jobs (you know, $300 a day for just typing in a few words and you are done in two hours or so). If you don't believe me, just check out one of their Google or Yahoo ads shown on many websites and you will see for yourself.
The key word in HOBO is 'honest' and that excludes most of the online 'business' opportunities right away. About 80 or even 90 percent of them. Fortunately, that means that there are still some left, and these are those that I intend to feature here.
I am convinced that daytrading eminis, my main source of income, is one of the best HOBOs out there. However, I am just one of those guys who really enjoy exploring new business opportunities. I think it's fun to pursue new ideas and projects. I guess, I am still a big kid at heart, so trying new things comes very naturally to me. Most people once they get their first job, would do everything to keep it. They are called adults because their lives are, well... dull.
There are some really good reasons why I believe those who daytrade or are considering daytrading should give other business opportunities some thought. Not only because it could be fun doing so, but also because not everyone will succeed at daytrading, therefore having something to fall back on is not such a bad idea at all. Moreover, knowing that you have an extra source of income while pursing a very tough business of daytrading can also greatly reduce your stress level. And even if you succeed at this game, over time you will find yourself more and more fatigued by it. Trust me, I have been at it for years. You will not hear it from many vendors as it is not in their best interest, but the reality is that sooner or later you will have to face burnout. (This is particularly true when you live on the Left Coast and you a very night person, which happens to be precisely my case...). One good way to avoid this situation is through some diversion and the best diversion I can think of is something that not only provides a bit of a break from trading, but also makes you money. Finally, this should also help you become a better, more selective trader as you will not need to chase every tick in order to make a living; you can now afford to wait for the best trades to come your way as you simply have something else to pay for your food and shelter.
This section is divided into several parts:
Online Marketing with a few genuine business opportunities that I have been able to uncover,
Texas Hold'em which is a game of skill more than just a game of chance and as such it can generate a nice income,
Specials that I have found hard to categorize, but interesting enough to recommend your attention, and
Trading that I decided to add after a very long deliberation and which features mostly ebooks that I can honestly endorse and which other traders, especially new ones, will hopefully find useful.
To make your selection even easier, I also created All You Can Eat that lists all digital products (ebooks and software) you can find here. No, you cannot really eat them, but since they are all electronic, you can get them right away! Let me tell you this: the guy who invented electrons was really smart...
Remember that all these products come with a total money back guarantee. If you truly believe that they did not deliver, you can ask for a refund within 30-90 days since you purchased them.
I will keep adding new HOBOs whenever I find them, so please check these pages from time to time, if you are interested. I am now testing a few new ones, and if I they pass my tests, I will obviously report this here.
Disclaimer: HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS UNLIKE AN ACTUAL PERFORMANCE RECORD. SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER OR OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
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