Anyone Day Trade From a Cruise Ship?

[Classic_Cool]

Found some cautionary tales from people who had, but that was in the early 2000s.

Months ago my girlfriend talked me into a 2 week south pacific cruise that's coming in September. Since then I've been laid off and decided to day trade full time. I love my girlfriend and so I'm choosing to look on the positive side of this whole thing, but if I could make money during the cruise I certainly wouldn't say no. The cruise line advertises satellite internet but it's really light on detail. Since I'll likely be trading after midnight local time, I can reasonably assume I won't be sharing the connection too badly.

I usually don't favor strategies that are extremely high risk; I'm mostly into reversals and such. If even those are too much for the internet connection then maybe I'll just swing trade while I'm away. What do you guys think?

 

[Charlton]

Found some cautionary tales from people who had, but that was in the early 2000s.

Months ago my girlfriend talked me into a 2 week south pacific cruise that's coming in September. Since then I've been laid off and decided to day trade full time. I love my girlfriend and so I'm choosing to look on the positive side of this whole thing, but if I could make money during the cruise I certainly wouldn't say no. The cruise line advertises satellite internet but it's really light on detail. Since I'll likely be trading after midnight local time, I can reasonably assume I won't be sharing the connection too badly.

I usually don't favor strategies that are extremely high risk; I'm mostly into reversals and such. If even those are too much for the internet connection then maybe I'll just swing trade while I'm away. What do you guys think?

I would have thought that the highest risk strategy is trading whilst your girlfriend is expecting your undivided attention during the cruise

IMHO don't do it - chill out for 2 weeks. Refresh your mind and then return to trading.

The market is always there - opportunities for living are scarcer.

Charlton

 

[Inquisitor]

Well I am not sure about trading from a cruise ship but we know of one absolutely brilliant trader called Greg who trades over London from a helicopter and he must be great at trading because that is what he tells everyone

 

[tar]

So you are new to daytrading and you've been laid off recently and thats your main concern whether to daytrade from a cruise ship or not to ?! :cheesy:

Dont worry i daytrade from the bathroom ...

 

[lawrence-lugar]

'Your Ship has Come in' :clap:

 

[Oscar Reed]

Found some cautionary tales from people who had, but that was in the early 2000s.

Months ago my girlfriend talked me into a 2 week south pacific cruise that's coming in September. Since then I've been laid off and decided to day trade full time. I love my girlfriend and so I'm choosing to look on the positive side of this whole thing, but if I could make money during the cruise I certainly wouldn't say no. The cruise line advertises satellite internet but it's really light on detail. Since I'll likely be trading after midnight local time, I can reasonably assume I won't be sharing the connection too badly.

I usually don't favor strategies that are extremely high risk; I'm mostly into reversals and such. If even those are too much for the internet connection then maybe I'll just swing trade while I'm away. What do you guys think?

Away from the port's in the pacific there is no service.
You can get service in or close to most port's in the pacific.
And you will need a web based broker.
No good for day trading, okay if you swing trade.
And most cruises travel overnight in the pacific.

Always the casino on the boat.

 

[CityTrader]

Good god man! Prioritise - why spend the money if you have been laid off. Cancel the cruise. Save the money. Study the markets. Work out your strategy. Move slowly. Learn from your mistakes.

do not go into your new day trading career and expect to be able to trade from a ship ....if you really must spunk the money - take the cruise time off and see it as holiday

Found some cautionary tales from people who had, but that was in the early 2000s.

Months ago my girlfriend talked me into a 2 week south pacific cruise that's coming in September. Since then I've been laid off and decided to day trade full time. I love my girlfriend and so I'm choosing to look on the positive side of this whole thing, but if I could make money during the cruise I certainly wouldn't say no. The cruise line advertises satellite internet but it's really light on detail. Since I'll likely be trading after midnight local time, I can reasonably assume I won't be sharing the connection too badly.

I usually don't favor strategies that are extremely high risk; I'm mostly into reversals and such. If even those are too much for the internet connection then maybe I'll just swing trade while I'm away. What do you guys think?

 

[timsk]

. . . I usually don't favor strategies that are extremely high risk; I'm mostly into reversals and such. . .

Hi Classic_Cool,
I agree with most of the replies you've had thus far - i.e. trading from a cruise ship is a bad idea - regardless of how good the internet connection is. Take a trading book or two with you by all means - but don't try and trade. If your girlfriend is anything like my wife, spending your holiday together trading will almost certainly get her back up. Relax, enjoy the facilities on board and read up on the destinations you're going to and the opportunities that await you at each port the ship docks at. If you're going to day trade full time, taking time out for two weeks really is neither here nor there.

With regards to the section of your post that I've quoted, I'm curious to know why you think trading reversals is low risk? Okay, you haven't actually said they're low risk as such, but that's what's implied.
Tim.

 

[neil324]

UK satellite internet is expensive, the speeds can be good and reliable but there is always a usgae cap.

What the boat offers is a guess, but I doubt you will be getting a 100mb personal fat pipe to each cabin.

I'd forget trading while on holiday, enjoy your girlfriend and the trip.

 

[Classic_Cool]

Hi Classic_Cool,
I agree with most of the replies you've had thus far - i.e. trading from a cruise ship is a bad idea - regardless of how good the internet connection is. Take a trading book or two with you by all means - but don't try and trade. If your girlfriend is anything like my wife, spending your holiday together trading will almost certainly get her back up. Relax, enjoy the facilities on board and read up on the destinations you're going to and the opportunities that await you at each port the ship docks at. If you're going to day trade full time, taking time out for two weeks really is neither here nor there.

With regards to the section of your post that I've quoted, I'm curious to know why you think trading reversals is low risk? Okay, you haven't actually said they're low risk as such, but that's what's implied.
Tim.

I guess it's all relative. Low risk compared to trading gap ups in the first minute after open; a strategy favored by some people I know. I find reversals pretty predictable, and if I time them right they rarely run away in the opposite direction.

 

[Classic_Cool]

Guess I'll play it by ear, as far as trading from the ship. If I can get away with making a swing trade here and there I might do it.

 

[Mr. Charts]

Trading whilst on holiday suggests an addiction........