Working remotely
04-28-2020, 01:58 PM
#1
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Joined APC: Jan 2016
Posts: 128
Working remotely
I’m an optimist with the industry and don’t want to spell any doom, but just in case the worse should happen, or if I’m just extremely bored on long sits or layovers. What kind of jobs can people suggest that you can work remotely? I know day trading is kind of common among pilots, but you usually need a good chunk of change to do this. Anyone do any sort of this work?
04-28-2020, 02:14 PM
#2
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Joined APC: May 2009
Posts: 136
Yup day trading is a side hustle for me. I like the TD Ameritrade app and think or swim platform through them. I try to only hold the big company stocks overnight. Most of the time I find some success by scalping low cap stocks that have a low float of shares. YouTube has a lot of Gurus that provide info on how to day trade. Lots of techniques. Be careful with penny stocks. You can make a lot of money but with that comes more risk. Some guys make a killing trading and shorting penny stocks. I’m not to that level yet.
04-28-2020, 02:14 PM
#3
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,232
Accounting, computer programing. Need formal education for the former, for the later all you needs skill and credibility.
I have friends who sell stuff on amazon, buy in bulk, surplus, last years models, etc and sell at a markup. Do enough of that it can add up. You can pay someone to do shipping/receiving if the volume gets high.
I have friends who sell stuff on amazon, buy in bulk, surplus, last years models, etc and sell at a markup. Do enough of that it can add up. You can pay someone to do shipping/receiving if the volume gets high.
04-28-2020, 02:38 PM
#4
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Joined APC: Jan 2016
Posts: 529
Originally Posted by airborne840
Yup day trading is a side hustle for me. I like the TD Ameritrade app and think or swim platform through them. I try to only hold the big company stocks overnight. Most of the time I find some success by scalping low cap stocks that have a low float of shares. YouTube has a lot of Gurus that provide info on how to day trade. Lots of techniques. Be careful with penny stocks. You can make a lot of money but with that comes more risk. Some guys make a killing trading and shorting penny stocks. I’m not to that level yet.
04-28-2020, 02:42 PM
#5
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Joined APC: Sep 2006
Position: 767 FO
Posts: 293
Originally Posted by TimetoClimb
What do you think of the statistic that 95 percent of people who start trading get wiped out in 90 days? Any tips on to avoid the pitfalls?
04-28-2020, 03:00 PM
#6
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Joined APC: May 2009
Posts: 136
Originally Posted by TimetoClimb
What do you think of the statistic that 95 percent of people who start trading get wiped out in 90 days? Any tips on to avoid the pitfalls?
04-28-2020, 04:19 PM
#7
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Joined APC: Jan 2016
Posts: 529
Originally Posted by airborne840
Definitely papertrade at first. It’s free through the think or swim app. Get comfortable, make little trades at first to gain experience. Cut losses quickly (set up a stop loss as soon as you go long on a trade)
04-28-2020, 08:33 PM
#8
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Joined APC: Feb 2019
Position: baller, shot caller
Posts: 958
Originally Posted by TimetoClimb
And swing trading vs day ? Any opinion?
04-28-2020, 09:33 PM
#10
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Joined APC: Feb 2019
Position: baller, shot caller
Posts: 958
And don't forget, with regard to day trading, you'll need north of $25k in your account or you will be restricted to 3 day trades within 5 calendar days, and if you break it your broker will restrict your account from day trading for 90 days.
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