Well I'm thinking by 2030 will enter a 3 week bear market, that will be the next buying opportunity for any pullback
Dow Jones 30 26,072.5 DERIVED 19:30:07 | Futures +119.5 +0.46% S&P 500 3,122.62 DERIVED 19:30:05 | Futures +11.87 +0.38% Nasdaq 10,149.12 DERIVED 19:30:07 | Futures +24.37 +0.24% SmallCap 2000 1,439.50 DERIVED 19:30:11 | Futures +6.30
Hey everyone, I'm happy you all speculating on where I am... English isn't my native tongue, so excuse me for that. I'm on a forced vacation, supposed to have contract but got canceled, that's all. For anyone who worries, I'm not the captain, I'm the Chief Security Officer, and I have 30 min a day to trade. Hey disgruntled S2007S, I know you probably think you are the smarted dude, 1) our cruises start sail at August, with 1/3 occupancy, and they are fully booked. It's not an american company. 2) I'm not making free money from the market, because I'm shorting overly extended stocks, so quite the opposite. I don't care whether the market goes up or down. 3) I will not make easy 7 figure account because I'm not as good and amazing as you are. 4) It's not a boat, it's a ship, know the difference.
Thank you! Finally a comment related to my question. Thank you! That's new to me regarding the SpaceX's version. I think the latency on the ship is around 300ms, how bad would it be if I do use market orders? Thank you very much!
Thanks for the explanation. All trade execution platforms have a stated minimum requirement for the speed of the internet to use with the platform stated at the website for the platform. The question will then be the reliability of that internet connection without interruptions / disconnection while you're using the trade execution platform. I stayed on a friends boat for a few days in one of the Chicago's Harbors. Wasn't trading but I did test Tradestation platform during the trading day. Their minimum requirement was like 2 - 3 Mbps and I was getting 5 Mbps...lots of disconnections. I don't remember the name of the Satellite provider. wrbtrader
Edited: Yes, you can day trade on a Cruise even with lagging internet as long as you don't plan on Scalping and use limit orders. I used Sat-ISP for years, did pretty good day-trading even with the latency. When I transitioned to a line-T1 connection in 2005 my results were whack at first because of over-trading. As for day trading off a Cruise, if I was able to do it with the Sat in 2005 not sure why it would be a issue.
Gotta admit though trading from a cruise ship, in the middle of a pandemic, is a new one. Sure beats the cabbie or shoeshine boy version right?
I think they might of overlooked you saying this in OP: "My average trade duration is 1-2 min, so I'm trading fast." Which also brings into question you saying you short over-extended stocks. Over-extended in a minute or two? BTW Seabourn or Celebrity or Costa?
Thank you for your detailed reply. Well I know this is more of a professional forum, and I'm not, so I should have been more careful with my description.... I use a scanner that finds me overly extended stocks on a 1-2 min time-frame, stocks that had a sudden spike in their price, I just short them in 2-3 positions, until they fall back down. I found that this strategy actually working for me well 85% of the time, and I feel quite comfortable doing it. I might be wrong, I might lose all of my money, but so far I want to give it a chance. Those are two trade I took today, not a perfect set-up at all, but that what I mean: You might think that I have no idea what I'm doing, and maybe that's true, but it works really well for me.. so let's see... I work at RCL (but actually in one of their sub-companies). by the way I truly believe in that great company.. I bought it when it was 20 haha...