<i>"Your current situation will not last. Mark my words. It will not last. Been there, done that and seen it. So put the extra time into a new venture or expand your trading. Most important is that you like whatever you are doing. It is actually a good idea to supplement income if you have the time. Ideally, your trading income will be free and clear of living expenses."</i> Agreed 1,000% If what you share is true, it is truly unsustainable. Plain as day. Anything sustainable has much bigger scale ability and/or crossover to other markets. What you are doing now is only temporary. BTW, $300 daily profit is real good... per each single emini contract on average. Get good at trading 10 ER, 20 NQ or 100 ES contracts and you will not be seeking alternative job opportunities.
trade some of the foreign markets. haven't looked at any of the foreign stock charts yet to see if they configure my setups, but i'll bet they do.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=126368&perpage=6&pagenumber=1 This thread explains exactly why you should have something else on the side. If all your pulling is a few hundred out of the market here and there then maybe you should have a side gig...
Ok, I'll share a couple ways I believe one could make a respectable amount of extra income, since I'm not motivated enough to do any of this myself. I'm an authentic full-blooded Jew, so pay attention: I'm not a big fan of ebay, but still; Here's something that definitely works: Buying items in bulk and reselling them in much smaller quantities. One example that comes to mind is acupuncture needles. A quick check of ebay's ongoing and completed auctions shows that you could buy 5000 acupuncture needles (50 boxes) for $52 (shipping included), and then sell them one box (100 needles) at a time for $9.50 to $12.60 apiece. The math totally works here, and it wouldn't take a whole lot of effort to find 20 more niche items with similar profit margins. Run a couple auctions at a time on all 20 of them, and you've got yourself a nice second paycheck. Another, more creative idea I recently came up with (This would only apply to U.S. residents): Many big ebay sellers are based out of foreign countries, yet still sell multiple items per day. Strike a deal with a few of them to send you a few dozen items from their inventory, which you'd then mail off individually to the buyers from your convenient U.S. location, in exchange for a cut. Potential buyers would become more likely to make a purchase because the seller can then change their location from Thailand, Canada, Malaysia, Timbuktu or wherever to the U.S. Shipping time & postage would be lowered dramatically, so the buyer ends up paying the exact same total amount (or slightly less), the seller gets paid the exact same total amount (or slightly more)- plus they end up selling more items than before... and you get your cut on every one of them. All three parties gain out of the deal, and no one loses. You're welcome.
I've considered a side gig as well, not so much for the income but so I can learn to socialize with people again, lol.
i sell real estate on the side man, its great money to take the edge off. try it out it's super easy to get a liscensce and it has helped improve my patience a great deal. putting up woth all the bullshit people dish out
OY! You presented some very good ideas for Ebay - TY! The only problem with that is the time consumingness of dealing with all of those buyers.