Multiple Streams of Income to Augment Trading Career

lpchad · Feb 10, 2009

In order to normalize the income from our daily trading, I am curious as to how many ETers have multiple streams of income.

For example, some successful traders offer a service to watch their screens for a fixed monthly rate (Say $100) so that beginners can observe. Others may participate in affiliate marketing programs. Others may own real estate. Some hawk things on eBay.

What do you do, if anything, in addition to your trading to diversify your income streams and protect your financial freedom from corporate drudgery?

forextrades · Feb 10, 2009

Buy some Section 8 rentals.

Div_Arb · Feb 10, 2009

I have a harem of prostitutes that I pimp out on CraigsList.

Ribs · Feb 10, 2009

Quote from Div_Arb:

I have a harem of prostitutes that I pimp out on CraigsList.

and you are not joking are you :eek:

Anaconda · Feb 10, 2009

Quote from Ribs:

and you are not joking are you :eek:

No he isn't.

That's how I met his mom and his sister.

crgarcia · Feb 10, 2009

Quote from lpchad:

In order to normalize the income from our daily trading, I am curious as to how many ETers have multiple streams of income.

For example, some successful traders offer a service to watch their screens for a fixed monthly rate (Say $100) so that beginners can observe. Others may participate in affiliate marketing programs. Others may own real estate. Some hawk things on eBay.

What do you do, if anything, in addition to your trading to diversify your income streams and protect your financial freedom from corporate drudgery?

To make a decent living, you must have at least $300k, preferably $500k in your account.

Most traders lose, so are you sure you'll risk $500k learning to trade?

illinimatt81 · Feb 10, 2009

Quote from crgarcia:

To make a decent living, you must have at least $300k, preferably $500k in your account.

Most traders lose, so are you sure you'll risk $500k learning to trade?

Nonsense. 75-100K is sufficient. If you blow it all you clearly have no money management. No need to have 300K plus.

caementarius · Feb 10, 2009

I think it's a good idea to diversify your income, especially if you grow your trading size to a point that your returns are suffering. If I reached that point, I'd pass through short timeframe gains into longer timeframe investments. Something like:

Day Trading -> Active Portfolio Management -> Real Estate/Bonds -> Venture Capital

gangof4 · Feb 10, 2009

Quote from Anaconda:

No he isn't.

That's how I met his mom and his sister.

lol

NY0BScalper · Feb 10, 2009

Quote from crgarcia:

To make a decent living, you must have at least $300k, preferably $500k in your account.

Most traders lose, so are you sure you'll risk $500k learning to trade?

Okay Mr Don Bright.