Some traders take longer than usual to make money in trading. Everyone has a different case in terms of earning good profits. If you know you can do it, just do it and don’t think of where you are and what can be possible. You should put more effort and see how things go. Keep yourself motivated and determined. Never run from learning new things in forex. Make sure you make the most of it.
Trading from a Cruise Ship?
- Thread starter Lambda1001
- Start date
while i agree that this forum is too negative at times with lots of dumbasses, i would just offer my words of caution. The market that we're experiencing right now is very good for your style of trading. mean reversion trading is easy now...shorting short-term overextended stocks is easy money right now. you are not a genius just because you've been successful recently. you should have a plan to diversify your trading style if you want to day trade for the long run. also, the market will change, so just expect that the gravy train won't last...but eat all you can for now.
I did exactly this as a passenger last summer in the Mediterranean. I am a systematic trader, so I had my computer in my cabin monitoring the market and trading automatically when required and I had my cellphone monitoring what my laptop was doing while I was enjoying the amenities onboard.
The connection speed was sufficient, but not great; the connectivity throughout the ship was not very good. I lost connection between my phone and computer several times. There were several dead zones. There were a few times when the market began to require more attention and I returned to my cabin to make sure the laptop traded correctly. There was one day, in particular, when I spent the whole day on my laptop. Overall it was fine, but not a great experience.
If I were big enough to have staff, I would definitely have someone on land running and monitoring the strategies and I would just stay connected to what they were doing while onboard.
Note: After reading a dozen off-topic comments, I stopped, so I don't know if I'm repeating something that someone else said or not.
Statistical Trader
You will ring the bell for 2000,
I'm not sure if that's directed at me, or not, but just to be clear, my models decide whether to trade every several seconds. On the day when they were actively trading every several seconds, I babysat my computer to make sure it was doing everything correctly and I had very few problems, even on the ship's satellite internet. Latency between my computer (in my cabin) and the exchange was still small enough not to matter. Of course the exact nature of the trading would make a difference, but for me the satellite internet was "good enough."
Yes. My wife and son were on their summer holidays - Aug 2019. We visited France (we have an apartment in Paris), Switzerland, Italy, Greece, Croatia and Albania. It was a nice trip.