[quote]audiogarden1 wrote:
[quote]jzy50309 wrote:
[quote]audiogarden1 wrote:
[quote]ChicagoLad wrote:
[quote]audiogarden1 wrote:
[quote]ChicagoLad wrote:
[quote]audiogarden1 wrote:
You have a finance degree, if youre looking for flexibility have you considered putting it to use and doing something like day-trading futures? You can trade the CL for an hour each morning and make a lot more than you ever will as a bartender. [/quote]
I traded currencies for a while, but I had to cash out to pay bills. I don’t have money to trade right now. Don’t really wanna be a trader full time either.[/quote]
Its not full time if you are only doing it less than a couple hours a day.
I have never traded currencies but my “mentor” did for a long time before he started trading crude oil futures, he made the switch because currencies demanded a lot more time.
A CL contract is only a grand and there are reputable brokers that will let you open an account with $500, not like you need much money to get started. Hell even a bartender could manage that kind of an initial investment.
If you have a finance degree and have traded currency in the past i would bet you could make the transition easily. [/quote]
So you trade crude futures for a living? From home? How’d you learn?[/quote]
Not for a living, but as part of my living. I work nights, which frees me up to trade during the highest volume periods of the day. I know a guy who does it very successfully and he got me into it.
Started off with lots of reading, learning the trading platform, and trial and error. Simulated trading accounts using real market data. Helps tremendously to have a mentor. I wouldnt be able to do it without him, if only for the time investment that would be required on my end.
Im just throwing it out there. If there is some great appeal for you in being a bartender then go for it, but if you have a background in day trading FOREX and a finance degree, and your sole reason for considering bartending is flexibilty/freedom, then i would say its something to consider as well. [/quote]
This is very intriguing to me, no disrespect and not meaning to highjack your thread OP. I am currently serving in the Air Force, and have plenty of time due to a job I am WAY too qualified for. I have a simple administration job, and went to a reputable college (no need to name drop) for security risk analysis in a focus with intelligence analytical modeling. I have plenty of down time, and if joining the Air Force has taught me anything it is always continue to improve in all facets and not squander any opportunities. For those who are curious I had a very strict upbringing, and going away to college was hard for me to cope with my new “freedom” due to my maturity at the time.
Back to the subject on hand, I am curious to learn more about this “day-trading futures” I am a quick learner, and although I do not have a mentor I did teach myself how to program in several different languages. Albeit no master in any. Still this is something that I have always been curious about, and would like to know if you have any resources that you can share with me. Anything that could get me started would be extremely appreciated. [/quote]
Its ridiculous how much information there is on the markets, and im hardly qualified to be teaching others but if youre interested a few quick google searches will yield tons of great resources for learning to day trade Crude Oil(CL) from home. It takes a long time and a lot of research but anyone can learn it. It is NOT rocket science
Having a mentor is incredibly beneficial, if you know anyone that day trades, even if its not CL or even futures at all, it will be worth picking their brain. I cant even imagine how much time and money my guy has saved me.
Be warned, there are not a lot of successful traders who want to share their “secrets” with you for free though. Many consider the stumbles and losses along the way to be the price of admission.
End hijack
[/quote]
Truly appreciate the advice audiogarden1, I will be conducting some serious research in the next month. Will start my own thread after I have some more general base knowledge, and then can have more experienced members point me into more specific directions. Apologies for the hijack, and good luck in your future endeavors OP. You sound like a mature young man with a good head on your shoulders…you’ll be fine.