Part Time Jobs for Traders

[Robert Weinstein]

Quote from Sandybestdog:

I don�t care what you do � deliver pizza, waiter, secretary, laborer, if you work 40 hours a week, you deserve a decent standard of living. I�m not talking about people with $400 monthly car payments, 4 kids, and a $200 pair of shoes. If you get $10 an hour x 40 hours a week x 4 weeks a month, that�s less than $2000 a month. How am I supposed to live on that?

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

 

[Sandybestdog]

Quote from sumosam:

great post. i work in the healthcare industry on a casual basis and have more than enough work and only need to work about 24 hrs a week.

there is a need for sitters, orderlies, ward clerks, porters. i would check this out. you are also interfacing with others. even housekeeping. pay is usually good.

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.

 

[psychonin]

Quote from Sandybestdog:

I don’t want a handout from Obama. I want simple fairness.

[/B]

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

 

[Biog]

Quote from Bingoking:

Instead of working a part time job for $5, $6, $8 an hour wouldn't it be much easier to take just one tick an hour out of a market like the ES (or any market of your choice)? Maybe do one tick every half hour? Maybe one tick every 15 or 20 minutes? Do the math of capturing small gains.

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

 

[Sandybestdog]

Quote from Bingoking:

Instead of working a part time job for $5, $6, $8 an hour wouldn't it be much easier to take just one tick an hour out of a market like the ES (or any market of your choice)? Maybe do one tick every half hour? Maybe one tick every 15 or 20 minutes? Do the math of capturing small gains.

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

 

[Sandybestdog]

Quote from bunds:

If people have to do meaningless jobs for $8, $15 whatever they are losers in the first place and should not even consider trading.

Get yourself a career first and prove that you can pull in $150,000 USD + per year as a bond dealer, Lawyer etc and then you may have the intellect to do trading for the long-haul.

If it fails, you can also go back to your well paid job. [/QUOTE

I am not meaningless. I used to save over $1000 a month deliverying pizza. My point is nothing is as good as it used to be. I think what you are suggesting is a lot easier said than done. It will take many years to get to that point. When you do, you will be reluctant to give it up over fears that you will not make it as a trader. Do you think trading has anything to do with intellect? What about all of those MBA’s on Wall Street that are now out of a job. I have heard that doctors don’t make good traders because they think that they are smarter in the first place and therefore think they will be natutrally good traders. When I went to my eye doctor a few weeks ago, the first thing he asked me was if I was in the market (he always asks me about my business endeavors). I told him I wasn’t in anything (mainly because I didn’t have any money). He told me that was probably a good thing. He wanted to get out at the low. If I had $10,000,000 I would be buying everything in sight right now and writing OTM calls against it. My whole goal is to not have to rely on other people to pay me.

 

[guy990opl]

Quote from Sandybestdog:



When I went to my eye doctor a few weeks ago, the first thing he asked me was if I was in the market (he always asks me about my business endeavors). I told him I wasn’t in anything (mainly because I didn’t have any money)... [/B]

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.

 

[Wayne Gibbous]

 

[hughb]

Quote from Sandybestdog:

Quote from bunds:

If people have to do meaningless jobs for $8, $15 whatever they are losers in the first place and should not even consider trading.

Get yourself a career first and prove that you can pull in $150,000 USD + per year as a bond dealer, Lawyer etc and then you may have the intellect to do trading for the long-haul.

If it fails, you can also go back to your well paid job. [/QUOTE

I am not meaningless. I used to save over $1000 a month deliverying pizza. My point is nothing is as good as it used to be. I think what you are suggesting is a lot easier said than done. It will take many years to get to that point. When you do, you will be reluctant to give it up over fears that you will not make it as a trader. Do you think trading has anything to do with intellect? What about all of those MBA’s on Wall Street that are now out of a job. I have heard that doctors don’t make good traders because they think that they are smarter in the first place and therefore think they will be natutrally good traders. When I went to my eye doctor a few weeks ago, the first thing he asked me was if I was in the market (he always asks me about my business endeavors). I told him I wasn’t in anything (mainly because I didn’t have any money). He told me that was probably a good thing. He wanted to get out at the low. If I had $10,000,000 I would be buying everything in sight right now and writing OTM calls against it. My whole goal is to not have to rely on other people to pay me.

Sandy, consider working two jobs. Up until about six years ago, I worked two jobs to have enough capital to trade with. I now only work one job and I'm profitable in the markets. It's just a matter of time before I won't need to be employed at all.

These arrogant assholes that are calling you a loser for working low level jobs are more than likely just pretenders themselves. The bitterness and frustration they feel from their own failures is what makes them act like pricks in the anonymity of cyberspace.

 

[Brandonf]

Quote from soltron45:

I'm a forex trader and I've been trading for over a year now. My consistency is finally getting to a point where I feel like I can leave my brokerage job and pursue this more. I'm just looking for some ideas on some nice part time jobs for traders. Jobs where you can either work in the evening, or have a laptop opened at all times.

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.