Part Time Jobs for Traders

Discussion in 'Professional Trading' started by soltron45, Nov 6, 2008.

  1. Sorry that it appears I am the one to tell you this but NO you dont 'deserve' to make more than your willing to work for. Socialism has been tried many ways and many times. It doesn't work.

    People seem to forget about the spend side to that equation. If everyone else is making more than the free market value your costs will go up. Furthermore the demand for your labor at inflated rates will go DOWN and someone like you if not you will be out of a job all together which means less for others and the spiral continues.

    You quit a job two times before as I understand and you can't figure out why they don't want to return your calls?

    Sorry there is no free lunch. Also, nothing is more expensive as 'free'

    Go get yourself a trade or a new degree where your skills are in demand. Waiting around for Obama to save you from having to make tough choices or having responsibility beyond making sure a pizza is sent to the right place for a 'living wage' will only waste your time. It wont happen because it CANT happen

    24 years old living with your parents? By the time I was 24 I owned a restaurant/bar for three years and bought my second rental house. This was after moving out at 18 and never looking back

    Best of luck
     
    #21     Nov 9, 2008
  2. I imagine that is a lot like the restaurant/hotel business. I don't want to deliver pizza forever, I'm just doing it for now to save some money to start a business or to trade with. I suppose I don't wan't to work for the hospital, I want to own it. But my point is that the good jobs that I use to pay for other endeavors are eroding away. Now all I’m left with is a job that doesn’t pay me as much as it did 5 years ago.
     
    #22     Nov 9, 2008
  3. Who is going to want to pay more $$ for a pizza because mr. pizza deliveryman thinks he's 'entitled' to a middle class lifestyle? lol
     
    #23     Nov 9, 2008
  4. Biog

    Biog


    Brilliant idea! Why doesn't everyone do that, so simple. Damn

    :D :D :D
     
    #24     Nov 9, 2008
  5. Do you trade? Seriously this is the funniest thing I've heard in awhile. You don't think I or a million other people haven't thought of this. Get one tick, pay $5 in commissions and keep $7.50 all in only a few seconds. Do this 100 times a day and you're rich. What happens when it goes 5 or 10 points against you. How many more trades do you have to have to do to make up for that? I have tried this before and the only thing that happens is in the end you break even and end up losing all of your money in commissions.

    On another note, my account with the prop firm I'm with, I do do a similiar approach to this. I scalp 2-5 cents on every trade. The difference is that I have a strict 10 cent stop on every order that I put in before the trade. Over the past 2 weeks I have ended up slightly ahead on the trades. The difference is I pay only 2 cents per 100 shares and actually get paid to trade through the ecn rebates. Thanks for the idea though.

    I have started another thread discussing this idea.
    http://www.elitetrader.com/vb/showthread.php?s=&threadid=143114
     
    #25     Nov 9, 2008
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    #26     Nov 9, 2008
  7. Any business requires sufficient capital to sustain it. One of the major reasons a business fails is because of under capitalization. If you are trading, you must have adequate capital if you want to remain in business. If you do not have adequate capital, do not trade.
     
    #27     Nov 9, 2008
  8. [​IMG]
     
    #28     Nov 9, 2008
  9. hughb

    hughb

     
    #29     Nov 9, 2008
  10. Brandonf

    Brandonf Sponsor

    Do you have any hobbies? Making candles? Know how to grow dreadlocks like Rob Zombie and Whoppie Goldberg have? Are you into diet and fitness? Any of that stuff you can create and ebook or course and sell it on the net. Each of the product idea's I mentioned above I know of people who have a site selling that product who are making profits of over $5000 a month with very minimal time commitments.
     
    #30     Nov 9, 2008