Active day trading/forex while cruising

[Jason575]

Will do!

Originally Posted by mvweebles

I looked into state of art of comms last year. My conclusion: reliable, affordable data comms are reliable on cell, and there will be gaps that could be sizeable depending on your location. OP mentions $2k/mo for satellite. I found nothing even close - if it were, there would be a helluva lot more people cruising right now.

Location matters. Last year, I did several longish trips, a few in Florida (St Pete to Dry Tortugas, and another through Okeechobee, and north to Cedar Key). In Florida, occasional hit dead zones, rarely for more than an hour or so. Exception was Dry Tortugas where there wasn't even VHF weather.

But, I also did a trip from San Francisco to Ensenada (70 nms south of San Diego) and had no cell phone reception for much of the trip. Wifi at marinas in Ensenada (and many marinas) famously sketchy even with wifi extenders. I found tethering via Verizon, which works well in Yucatan, was not reliable in this part of Baja. A Mexico phone direct from Telcel might work better. Not sure Google Fi would be an improvement over Verizon - Google Fi relies on T-mobile for carrier relationships. I carried Verizon and T-mobile side by side for a month in the Yucatan 1-1/2 years ago and found Verizon to have consistently better service and fewer dropped calls. But who knows current state of art

Right now, my observation is that unless you have the budget and space for satellite equipment or your cruising grounds are populated areas with quality cell service, your best option will likely be to adjust your trading approach to allow for at least a couple days of sketchy comms.

Please report back - while my research of last year was not for near real time requirements of day trading, would be very interested to know what your research turns up

[Jason575]

Will do, thanks!

Originally Posted by GordMay

Greetings and welcome aboard the CF, Jason.
Since you just want to discuss communications, you might be better off posting to “Electronics: Comms, AV ...”
Here ➥ http://www.cruisersforum.com/forums/f13/

[ers61]

I do FX trade for living. It really depends on your trading style IMHO. SL and TP orders might help but then you've the spreads might be eating your SL orders too.. before entering a trade I know where is my SL and TP .. don't need after to be on screen much.Sometimes one focus too much anyways..I believe you are a technical trader (since you are doing FX) rather then fundamentalist and assume you don't need to be watching news/feeds 7/24. Timezones are a bit of issue as well. If the prime time of a pair is not in your sailing timezone that might cause some troubles with trading as well.(You might end up forced to wake up in the mid night to see where the price is going) I think startlink.com might help for connection in 3 years time as soon as you start sailing. I wouldn't go for a multimonitor setup on a boat you'll have limited energy / space for it. let me know if you need to know more.

[Isa19]

Marcus de Maria has his 20min a day/week/month approach. He seems to be very successful. Maybe you want to check that. I have a pretty good impression, observing him for about a year now. Investmentmastery is his domain and he has several books.

Interesting thread! :-)

[cdarbonne1]

Originally Posted by Jason575

Howdy all! I haven't seen too much on the forums about cruisers who also trade. There was a thread that started in 2003, but that was awhile ago.

I'm hoping to find someone who actively trades while cruising. I dont really care about what instruments you trade (I trade FX) as my questions are mostly equipment and connectivity related.

I humbly ask we not talk about the dark arts of trading... I'm on other forums for that. Let's assume the soon to be sailor is a successful and profitable trader. My plan is within three years live on a catamaran and trade while I am at anchor.

Some topics I am interested in:
1. Hardware configurations (multiple laptops, screens etc...)
2. Phone and other wifi good enough to trade on?
3. Using sattelite internet yet? I cant find any provider that's reasonable (2+k a month + expensive hardware)
4. Any other relevant experience related to trading while cruising.

If you have any advice I would be very appreciative to hear what you have to say.

I am happy to be here and thank you for your time!

hey man, just happened to come across this post.. Im super interested as well.. I've been trading for a few years.. (just recently found my style) i've tried so many things! just curious if you made the jump and trading from a sailboat yet! very curious, my style i can scan the markets after the close, I do watch and buy and sell intraday , but with some tweaking i think i can place buy and sell stops and let them work. after the scaning and watchlist and alerts are made.. i really can trade off of my phone.. strictly stocks, and when the market is right for it.. so yes there are times when i do nothing.. anyway, very curious if you made this work on a boat and how its going.. thanks.