Trading from a Cruise Ship?

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.

S2007S said:
Well I don't see it as any concern, reason being is cruise ships aren't setting sail till at least September and if there is an uptick in virus cases, which we are hearing that there are, then ships probably won't set sail until 2021 all while getting more bailout money. Aside from that it seems he's making free money while the markets only skyrocket so just keep collecting that free money and don't worry about the connection. Looks like the boat will be in that same waters for many many many months. By then he'll become such a great trader that he will have an easy 7 figure account.
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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.
 
comagnum said:
5 Mb should be more than enough, today's modern trading platforms consume very little B/W.

There are many enterprise networks with 100+ users that are running just fine on 5 Mb or less.
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Thank you! Finally a comment related to my question.

Turveyd said:
I'd expect 500ms Lag from a cruise ship as it's using Sattelite in Geostationary orbit 36,000Km's, but SpaceX's version out in the north end of the year maybe @20ms, so that'll work fine.

If you trade with Limit orders it won't be so bad, you'll miss some trades, if you trade with market the price you see won't be the price you get.
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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!
 
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Lambda1001 said:
I'm on a forced vacation, not on a cruise ship. I was supposed to have a contract but got canceled due to the crisis, that's all.

And that's the reason I'm asking, because I'm not on a ship right now, and I was wondering if it's even possible to do so.

Thank you.
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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.
 
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Lambda1001 said:
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?
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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? o_O

BTW Seabourn or Celebrity or Costa?
 
wrbtrader said:
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
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Thank you for your detailed reply.

SunTrader said:
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? o_O

BTW Seabourn or Celebrity or Costa?
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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:
https://imgur.com/2MJQ8iE
https://imgur.com/VhPjocB

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...
2MJQ8iE


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...
 
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