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Archive for 'Business' Category

Day trading: Do you have what it takes?

Published 8/25/10  (Modified 3/9/11)

By MoneyBlueBook

This is a guest post from Marc Pearlman.

When people ask me if they could be successful at day trading, my first response is, "Do you know what day trading is?"

Most people don't. You might think day trading is about finding the best online brokerage, grabbing a stack of financial reports, arming yourself with financial blogs and news and then diving in.

What many would-be day traders don't realize is that success doesn't come from the uncanny ability to analyze balance sheets and fundamentals like Warren Buffett. And even if you have the ability to interpret charts and price action--the primary skill for day trading--this is secondary to having the strict discipline of adhering to specific rules and guidelines.

Without these rules in place, day trading is like a child playing with a chainsaw.

I'm not judging the merits of day trading. I know both very successful day traders and those who blew themselves up financially with day trading. (For what it's worth, I know many more of the latter variety.) But if you're going to succeed at this kind of investing, you'd better understand what it takes.

What it takes to succeed

Here are observations from my experience as both a professional trader and money manager about what it takes to succeed at day trading:

  • Hard work. Brains don't hurt, but day trading is a skill, and that skill needs to be developed by treating this as a business. A lot of people day trade as a side avocation or hobby, maybe because it seems
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How To Make Money Blogging

Published 8/19/09  (Modified 12/9/13)

By MoneyBlueBook

Review Of How To Start Earning A Full Time Income With Just A Blog

Previously, I shared a little background overview of how I got started as an aspiring full time blogger and pursued my dream of working from home and making money with a blog. For many years, I worked a traditional day job as an attorney, whether it was with the federal government or whether it was in the private sector. A few years ago and rather unexpectedly out of the blue, I stumbled upon the idea of starting up a blog to make some money on the side. The idea was not to replace my seemingly stable and indispensable full time day job as a lawyer, but to supplement my salary with an alternative income stream. Little did I know and much to my subsequent surprise years later, my small network of profitable online weblogs would one day start reaping monthly incomes that greatly exceeded what I could earn as an ambulance chasing attorney. While I continue to balance my part time legal practice profession with my mixture of online businesses and other side ventures to this day, my blogging operations have finally grown to the point where they are now capable of providing me a stable and nearly free source of revenue - offering me a boost in a quality of life I never dreamed possible before.

If it's one thing I've learned over the years, it's that persistent adaptation, continuous self education, a strong entrepreneurial spirit, and the uncanny ability to

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How I Started Blogging To Make Money Online

Published 8/14/09  (Modified 3/9/11)

By MoneyBlueBook

My Dream Of Becoming An Internet Entrepreneur and Working For Myself

I am a part time (almost full time now) blogger who spends a great number of hours working on the Internet from home every night. For more than a year now, I've been quietly earning a sizable and consistent amount of money through blogging and my internet marketing efforts. As a multi-year veteran now to the world of making money online with a blog, I've joined a rather unique and eclectic group of young and emerging internet entrepreneurs - individuals who have not only successfully harnessed the power of the Internet to generate real money, but who have managed to turn seemingly unassuming websites into rather lucrative income producing automatons. While the phenomenon of blogging for money on a part time basis is certainly not new, the idea that one can actually become a full time professional blogger (a problogger of sorts) and generate not only a stable, but a sustainable income at a high velocity through mere blogging alone is quite a surprise to many (particularly among my friends and family).

I'm sure many of you are already well aware of a number of fairly successful bloggers and established Internet entrepreneurs like John Chow, ShoeMoney, and Darren Rowse of Problogger fame - online personalities that dominate the so-called "make money online" niche. Most of these semi famous Internet tycoons have been in the news for some time and have had many years to perfect the art of both online and mainstream personality-based sales pitches. Much

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Reviews Of The Best Advanta Business Credit Cards and Offers

Published 12/4/08  (Modified 3/9/11)

By MoneyBlueBook

Updated List Of The Best Advanta Credit Card Offers and Applications For Small Businesses Below

Compared to its bigger financial rivals like Citibank, Bank of America, JP Morgan Chase, American Express, or even Discover, Advanta Bank has been a relative unknown in the credit card and banking industry. However, over the years, Advanta has gradually and quietly built itself up to become a major niche market issuer of business credit cards. What started out humbly as a small financial operation from Pennsylvania that provided personal loans to teachers has transformed into a major (albeit not particularly well known) player of the small business credit card industry. Currently, Advanta Bank focuses on the small business market, and the company primarily gears its efforts towards creating credit card and banking products that fit the needs and appeal of small business start ups, aspiring entrepreneurs, and growing companies. Along with being one of the largest, if not the largest provider of small business credit cards, Advanta also offers a diversified variety of bank deposit products that include FDIC insured savings accounts, money market accounts, and certificate of deposits.

Advanta Is One Of A Very Few Number Of Major Credit Card Issuers That Exclusively Service The Business Credit Card Market

Advanta's exclusive focus on the small business market seems to differentiate it well from the other major card issuers that have a tendency to over saturate the market with too many confusing financial products that are heavily advertised and promoted, but don't always fulfill the appropriate small business need. The best

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How To Apply For An American Express Black Centurion Card

Published 9/18/08  (Modified 2/24/14)

How To Apply For An American Express Black Centurion Card By MoneyBlueBook

Update: Check Out The New For The Uber-Rich

Editor's Note: These offers expired and are no longer available.

What's the deal with status symbols these days? While I'd like to think that I'm perfectly immune from the need to walk around and carry lofty symbols of wealth, power, and status on my shoulders, sheepishly, I must admit that I'm not. I don't occasionally wear designer clothes or don expensive apparel brands solely for the quality threads, or dream of buying a BMW or Mercedes sports sedan for crash test safety reasons alone. After all, there's something about rarity, uniqueness, and exclusiveness that beckons each of us at some point in our lives. Whether it's the elite acknowledgment that one gets from being an alumni of a top tier Ivy League university, or whether it's membership into an ultra exclusive golf club usually reserved only for top celebrities and the rich and famous, I'm sure many of us secretly envy at times, those who are in this special inner circle.

Actually, the notion itself is quite silly really - the idea that simply because you possess something unique that very few other people have, or have VIP membership into some special organization, that you are somehow better off than others or worthy of admiration. But it's simply human nature I suppose. We all innately appreciate the attention and envy of others, whether we truly want to admit it or not. Don't believe it? All you have to do is observe the rise and popularity of television shows like MTV's Super Sweet 16 to see how the

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Battling Blogger Burn Out and Lack Of Blog Posting Frequency

Published 8/14/08  (Modified 3/9/11)

By MoneyBlueBook

The past few weeks have been tough on me as an aspiring full time blogger. After almost a full year of nearly regular blog posts and after months of practicing fairly consistent writing habits, I've finally been smitten with the ailment that inevitably afflicts all bloggers and online entrepreneurs at some point or another - blogger burn out. Blogger's block, as the affliction is commonly called, is basically the lack of motivation and sudden depletion of new ideas found in those suffering from writer's block, except it affects those who blog online for alternative side income or for amusement. However, in my case, it's not the lack of new article writing ideas or lack of potential subjects to opine about, but rather the summer laziness feeling that has made it nearly impossible for me to stay self driven and self motivated. I actually have a spiral notebook that I keep around and regularly update. The notepad contains all my various scribbled down notes and ideas as they come to me. With hundreds of personal finance article writing topics and self jotted potential leads to inspire me, it's rarely a matter of running out of ideas - I have plenty of them - it's actually the drive and daily motivation to actually sit down and put fingers to keyboard that's the feet dragging hurdle for myself at the moment. When it comes to running a side business in the nature of self employment, one must have a consistent way to stay focused and stay driven, working

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