traders who have second jobs, what is it?
- Thread starter NYC212
- Start date
second job is 9 or 10 weekends per year doing wholesale jewelry shows. sometimes have to work on the fridays but can usually still keep an eye on any positions i may have on (i.e. luxury items in this economy aren't doing all that well thus i am not so busy, arghhhhh...)
still, it is profitable enough to feed me and let me live in a refrigerator sized box within the city limits just in case the markets are not so kind to me that month. takes off what would otherwise be pressure that would add to fear/greed response
still, it is profitable enough to feed me and let me live in a refrigerator sized box within the city limits just in case the markets are not so kind to me that month. takes off what would otherwise be pressure that would add to fear/greed response
Quote from Mom0/pH0x:
id be very surprised to hear that there are very many fires underwater at any time of the day...say, are they hiring for "underwater firefighters" anywhere right now?
I am sure that hayman tells women that he is an underwater firefighter. they probably don't even hear the part about trading.
did you ever think about a simpler handle?
Work from home as an independent freight broker.
The good: plenty of time to trade and income without having to kiss my bosses ass (wait I am my boss)...
The bad: The money is not consistent.
Even more so now that the economy is upside down.
This week for example I made $240.00 up until today.
Quoted a bunch of stuff all week and got two green phone calls today.
Made about $800.00 for 10 minutes of work.
Still trying to figure out a way to start actively trading but at least if i go remote with a prop I will have a base income so I never have to rely solely on trading to put food on the table.
The good: plenty of time to trade and income without having to kiss my bosses ass (wait I am my boss)...
The bad: The money is not consistent.
Even more so now that the economy is upside down.
This week for example I made $240.00 up until today.
Quoted a bunch of stuff all week and got two green phone calls today.
Made about $800.00 for 10 minutes of work.
Still trying to figure out a way to start actively trading but at least if i go remote with a prop I will have a base income so I never have to rely solely on trading to put food on the table.
For some, it seems ET is their second job
This is what most people need to do who don't have a rich uncle that will leave them 2 mil. Most people here though are probly too dumb, delusional or lazy to do this though.
Keep in mind you need to keep doing this until your account grows at an exponential rate to your monthly expenses..If you get into a situation with your profit just meeting your expenses that you have to skim off each month, you <b>drastically</b> increase your risk of ruin probability.
I've read most of these posts and there's something no one has really mentioned:
LUCK (or FORTUNE).
Long story short: frat bro who was not that smart in school (he was kind of a goof-off) but had a lot of gumption became a lawyer. I had graduated as an engineer and was making good money, driving nice cars, etc. He was making squat... clerking, etc.
10 years later, the guy finally partners with someone and then one day comes home with $4.5 million dollars from one of the largest medical malpractice settlements in the history of our state.
I eventually lost my job (of course, all of the outsourcing) and got divorced...and now I'm poor. He got divorced and now gets $10k per month from his ex for the shore property they bot 10 years ago. We both have beautiful second wives. One of us is poor, the other is rich.
THAT'S LIFE.
LUCK (or FORTUNE).
Long story short: frat bro who was not that smart in school (he was kind of a goof-off) but had a lot of gumption became a lawyer. I had graduated as an engineer and was making good money, driving nice cars, etc. He was making squat... clerking, etc.
10 years later, the guy finally partners with someone and then one day comes home with $4.5 million dollars from one of the largest medical malpractice settlements in the history of our state.
I eventually lost my job (of course, all of the outsourcing) and got divorced...and now I'm poor. He got divorced and now gets $10k per month from his ex for the shore property they bot 10 years ago. We both have beautiful second wives. One of us is poor, the other is rich.
THAT'S LIFE.
Being an engineer or a dentist gives you a higher chance of a good average income, but it limits your chance of getting "rich".
Being a lawyer, trader, musician etc... is very risky. It does not guarantee a good average income but it gives you a chance to strike it big.
You have to play the game. Do you want security or a chance?
Risk/Reward is a bitch. Some crooks find a way to have high reward with low risk (but high risk for jail time), for the rest of us it is high risk for high reward, low risk for low reward.
IMO one should go for the chance. Live goes on. If you don't try now you will never try. It is tougher when you have other people depending on you. You have to ask them if they want the risk.
Lady Luck finds the one who is waiting for her.
Being a lawyer, trader, musician etc... is very risky. It does not guarantee a good average income but it gives you a chance to strike it big.
You have to play the game. Do you want security or a chance?
Risk/Reward is a bitch. Some crooks find a way to have high reward with low risk (but high risk for jail time), for the rest of us it is high risk for high reward, low risk for low reward.
IMO one should go for the chance. Live goes on. If you don't try now you will never try. It is tougher when you have other people depending on you. You have to ask them if they want the risk.
Lady Luck finds the one who is waiting for her.