i know two shippies who saved and opened other activities...one opened an architectural firm and the other became a stock broker....and both did very well for themselves......in other words they were not 'all at sea' ...on land
Great minds think alike and all that jazz! Yes my plan is to find something to do between ships. Eventually, I hope to run my own business doing something that doesn't require my full attention, as I'll be at sea 50% of the time. All your suggestions are things I have thought about like the swing trading whilst at sea etc. Just gonna test the waters for a year or 3 and hopefully everything falls into place. Easier said than done I realise. Retirement does sound nicer! Enjoy it, sir!
My friend and I used to play golf between ships....his brother was the only Indian -to be into outer space:His name was Sharmahttps://economictimes.indiatimes.co...kesh-sharma/articleshow/64883354.cms?from=mdr
i have traded eur for 12 years.....so i learned to trade the hard way but if you trade one strategy- which is what i am doing now- you can make a lot of percentage gains if you can fine tune it over time. i might be a bit presumptuous in saying that if you keep in touch i will help you......but you have to stay disciplined....... to be happy...with your trading. Any one can show you how to trade.....but remember:opportunity knocks ,temptation leans on the doorbell The bible shows us how to be happy but how many persons can stay disciplined and enjoy the fruits of ancient wisdom. of course so does the Koran and the Bhagavad Gita
Thank you and good luck to you on your journey. I actually don't know what I am doing but I am extremely lucky, beating the index by 5-10 every year since 2013. But my luck is running out this year, so back to the drawing board for me.
Well, the nice thing about trading between ships instead of staying on the beach permanently and trading, is if you wreck your first account, you can simply save and scrounge and in a half year or a year you are capitalized again. Sailing is a great fallback career for however long it will take to become a consistently profitable trader. Or another way of looking at it, is trading gives you something fun to do besides drop all your $ in the casino or at the titty bar when you are on the beach. Even if you do lose a little $, it is a lot of fun. You just have to manage your losses and always live to play another day.
I know what a great opportunity trading is...….I have always been a loner and for loners this activity cannot be beat...….. all you need is a good broker.....you need no one else....no government license.....to open a eating joint or restaurant in India you need approvals from 16 departments and it does not end there: you have to renew every year and be subject to inspections at any time...... that is why everyone wants to trade.....not for the money.....for the freedom and independence it offers
@padutrader, takes one to know one. It is really about freedom. The life/career I gave up was great but this is priceless. Money is only there to tell us if we have successfully cracked the code.
In a paper trading account you get fills that are simulated and not the same as the fills you’d get in actual markets. Slippage occurs, so reduce your gains by a lot. Also, it seems as though you are daytrading which is illegal in the US with under 25K, unsure with the United Kingdom. Lastly, without having to take emotion into account, it is very easy to let your winners runs or cut losers short. With real money, it’s a different story, trust me.
Appreciate your comment! I was also trading with ridiculously high leverage which I learned and reduced as I won't be trading with high leverage when/if I put my own money in. As far as I know day trading in the UK is possible. I've been working away with a demo account for the past week and managed to maintain a daily profit but still learning every day! Cheers