Adding a few more to the list: - Tax consultant/preparer - Mobile Notary - E-commerce services for small businesses - Ebay auctions - Hauling away junk, i.e. furniture, appliances, constuction debris - Peephole installer - Video/photographic inventory of possessions to document in case of loss for insurance purposes - Appraiser - Financial Planning
You are wrong. Again, I got this thread off topic - but it was in response to this statement: "I recently have been thinking of looking for another career type job to bring more stability to my life...Trading is great when things are going well, but as we all know strategies die and that is where the stress can begin..." I simply responded because that makes it sound like you have to have a strategy - a "holy grail" - a great setup - to be successful. Nothing is further from the truth. Being able to read the charts and apply core TA concepts will consistently make you money. Through any market. And, it has been proven for as long as markets have traded freely. No one said people don't go through slumps, or people don't have difficult times. Usually, those times come when someone forgets the basics and tries to trade a certain set-up!!!! Again, I apologize for getting the thread off-topic. I hope the originator got some good information - I saw several posts offering many suggestions (including prostitue and stripper - but I am sure those were in fun). My .02 - look into auto sales. The guy who sold me my Lexus makes over $100,000 per year, and he get's one day off during the week (M-F), and several days does not have to go in until 1:00. If you are the West Coast, you could trade most of the week around that schedule.
We are not as good at making business decsions as making trading ones. I have brought friends in and kept them around to do business related things longer then I should, took bad advice etc. So, we "should have" made mid six figures this last year, but instead made about 90K each doing it. It takes away from the daytrades substantially so I have just had to adjust and swing/position trade more myself. Our startup costs where under $1000 in cash. But there was a substantial time commitment. I find something to admire in most of them (maybe not trading, but business smarts or just being a kind person). The two I would pick and say I admire most would be Linda Rashke and Tony Oz. Both are great traders who are very generous with their time and help new people. Also Oliver and Greg @ Pristine in that they took a very small fax service that Oliver and his wife used to manually send out each morning and turned it into a huge company, though I could not personally do many of the things they have done to build their company, its still a large accomplishment that they did. Oliver is one of the best speakers I have ever heard in any field. Finally, for all the bitching and moaning I have done in the past, I would say Ken Wolff. During the "Glory Days" he built a huge service spending no money at all. They built a nice community with friendly people who all helped each other out. He also took a chance on a 22 year old kid in 1998 who said he knew Technical Analysis and for that I will always be greatful that he gave me the opportunity to teach and put me in a position that people would know who I am. For that I will always be greatful. As for what Id like too add, I would love to own a brokerage firm and get tickets I think I get a lot out of teaching, so its worthwhile. I get to help people accomplish a goal and see their progress which is a great feeling even if I was not paid. I also get to improve my own trading a lot by teaching. I am a much better trader and have experiance much beyond my amount of time in the market due to helping others so much. Brandon
Great answers Brandon! Thanks for providing us with some insights into your field. It's always good to see somebody succeed with hard work, dedication and integrity.
I've heard that some people can make a living playing poker. Can anyone with experience comment on this? I would imagine that it is very similar to trading.
I know someone that was a professional gambler before trading. For the last 1.5 years in the middle of the day when it was slow he would play the video poker off of the internet with one of those gambling sites. I think that it got to the point where he was making more with that then trading on some of the slower weeks.
Bottlenecks that I am aware of in the real estate industry nationwide are not enough appraisers and title abstractors. Real estate sales is area specific as is mortgage brokerage and building inspections(how many are there?) Lawyers have title insurance pretty much sewed up which is a gold mine and a lot of loan closing services outfits. Appraisal is kind of interesting because you have the added need for all the estate planning, estate tax angles... . Also, the inspections for somebody with a contracting/building trades background. Another trend is for the big lenders and title insurance companies to offer more and more collateral real estate/insurance related services. Two big ones with web sites you might get some ideas from are Countrywide Home Loans and First American Title Insurance Company. Finally, I think it would be a gas to have an auctioneers license. Geo.
PORN..........amature porn is huge now. But remember the dollar has lost about 40% so ur worth 40% less, ur new partime job will pay you in dollars which are worth 40% less (than a year ago). So, ur gona have to work 6 jobs. Now, working 6 jobs in a economy that is not creating JOBS will be interesting. Also, the jobs of bartender and waiter are tied to people spending money and now that the crunch is on most of americans, they are not going out and droping money on drinks and food as much, so the income from such a job has droped as well. So good luck on working parttime and trading during the day. Ck out some of the others on ET, the ones who work third shift and trade, one who trades from a boat and shops all day, etc. These guys/girls are cleaning up. Bwhahahaa