Can ticket scalpers make money

The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment. Allegations that tickets to recent AFL and NRL finals matches were being resold for up to three times their initial wcalpers raises questions of why ticket scalping happens, and whether anything can be done about it. Scalperrs an economist, the existence of a secondary market — where tickets are resold — is a sign that they have been undersupplied, underpriced or a combination of the two. Event promoters, for example, are incentivised mame sell as many tickets as possible so they can profit off sales of food, drinks and other concession stand items. This leads them to price tickets low. Scalpers thrive off such conditions as it presents them with an arbitrage opportunity the chance to make a profit from buying and selling the same thing that would never have ticiet in a world where tickets were plentiful and priced in line with demand. Read more: Coming soon to a cinema near you?

With the advent of the Internet the whole world of the secondary ticket market was turned upside down. Now, if you needed tickets to a sold out event, then you did not have to buy them from a street scalper. If you had tickets for an event that you could not attend, then you could now sell them on this amazing new site called eBay. On eBay. On the floor, in the pit. I bought a pair and was fired up for the show. I was in Grad School and I realized I was about 12 months away from having to find a real job. All throughout college I tried to get internships with various sports teams and I even worked for ABC Sports for a few years, but nothing fit. My ultimate career goal in life was to have my own businees but not have the type of business in which I had to work hours a week. My first ticket purchase for resell was four tickets to a show for the Eagles in Hershey, Pennsylvania. I had no idea why I picked this event to resell, and I had no idea what I was doing.

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Next, I bought some tickets tickets for U2 in Detroit, thinking that any seats anywhere would make money because it was U2! I never thought I could lose money on a U2 concert, but that day I learned how important market size, day of the week, number of shows, supply of tickets, etc. I started buying and selling everything in site. Somehow I made this work, and I was literally doing this credit card dance for years with a higher credit limit. There were plenty of times that I bought tickets that were barely worth the paper they were printed on, but that is how I learned the business. Through trial and error. Over time I just made less errors.

The pros and cons of scalping and reselling

Skip to content Posted by Mads on July 23, November 4, A question we get all the time is: How much money can I make reselling tickets? Here’s the truth: How much you make monthly reselling tickets will depend on you. What are your goals?

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Make sure you save all receipts, just in case. Hottest Questions. Asked in Animal Life Where do the zoos get the money from? Or, you can check out our list of reputable scalping Forex brokers to make your search easier. Keep an eye on financial announcements If you compare fundamental and technical analysis of the Forex market, you will quickly see that scalpers are mostly technical analysts. Before scalping any market, test your strategy in a demo account which is always offered by the broker, and then apply your strategy to your trading day.

A ticket scalper spills his secrets

Choose your preferred market Scalping is not limited to Forex trading alone, but this trading strategy can be used to trade stocks and futures as. Asked in Romantic Movies What are two ways movies make money beside ticket sales? There is nothing wrong with this, but you should try to limit the number of trades you have depending on your capital. The spread is the difference between the bid and ask price, which scalpere why all trades will begin salpers a negative return. Control the number of simultaneous trades. Asked in Chelsea Football Club What do you call who sells ticket at stadium?

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The Forex, stock and futures markets provide makr platform where an individual can invest their capital for the ticjet, like a scalppers. Unlike traders who invest their money hoping to see their returns grow over time, scalping involves scalpdrs numerous dan every day, often tens of trades or even hundreds.

It is a really intensive trading strategy that has the van to earn the trader huge profits by combining the small profits collected throughout the day. Still, it is not a very popular choice among most traders either because of the intensity or the seemingly meagre profits earned from each trade, but sscalpers can actually be quite profitable.

Many traders earn huge profits from scalping, but there are still losers just like with any other trading strategy. The key is to master the basic rules of scalping which will help you make money. Minimize the use of indicators. Trading indicators used by technical analysts and advisors are great for informing a trader of any opportunities that may present themselves in the near future. Some of dan most popular indicators include:.

All Forex trading platforms will have these indicators and more, totalling to more than 50 trading indicators. As a trader, you would want to double check every trade before placing it, so it would be tempting to add as many indicators as you can, and then you end up with a cluttered workspace filled with indicators. As a scalper, you want to catch any minor trends or shifts in the market, which means you need to make quick decisions. Inasmuch as indicators are useful, having too many of them will cause an overload of information, and before you can place a trade after interpreting every single indicator, the trend you were looking for will be gone.

While there are some scalpers who trade without any indicators at all, this is also not advisable. Instead, you need to have 1 or 2 indicators which you have tried and tested, 3 in the maximum, and put your faith in just.

Do not second-guess yourself by adding on more indicators to your workspace. Use lower stakes. Given the number of trades a scalper makes in any single day, it is paramount to lower the amount of margin dedicated to any single trade and minimize risk. First, this limits the moeny an account can take if the trade goes south. It also allows the trader to place multiple trades at a time tifket infringing on the margin requirements, even if the trading account has a small capital.

By keeping low stakes, the scalper can keep trading even if they make a few losses along the way, otherwise, they would receive a margin call and that can quickly lead to the account being wiped. Minimize losses. The key to earning good money with scalping is to minimize your losses, on the losing trades you scalpets. On a long position, the stop loss should be just below the previous swing low, while on a short position, it should be just above scqlpers previous swing high.

The swing low is the price at which the markets bounced back up while the swing high is the opposite, check the figure below to understand this better. For a scalper, the idea is to close out a losing trade as soon as possible with minimal losses and move on to the next trade. Master specific strategies.

This is why scalping is not meant for amateur traders, but seasoned traders who have tested and scalers specific strategies which have worked out for the best. Before scalping any market, test your strategy scalpwrs a demo account which is always offered by the broker, and then apply your strategy to your trading day. The most profitable scalpers will have 2 or 3 strategies which they repeat all through the day, and they enjoy significant profits as a result.

Select the appropriate timeframe. On all Forex charts, there is an option to select which timeframe you would prefer to trade on, which can be as small as a minute up mooney months or even years. This option is not useless, but is provided by the Forex broker to cater to all trading styles.

As we have already scalpeers, scalpers make tens of moey every day, so the longer timeframes are of no use. The maximum recommended timeframe for a scalper is the 1-hour chart, but you will make more use of the 1-minute, 5-minute and minute charts. The 1-hour chart, and perhaps the 4-hour and daily charts, should be used only to confirm the trends since trends from the previous day may affect the present day. Keep an eye on financial announcements. If you compare fundamental and technical analysis of the Forex market, you will quickly see that scalpers are mostly technical analysts.

However, this does not mean that, as a scalper, you should disregard any data or information on the economic calendar Forexyou should actually be aware of any major financial news announcements. Such news announcements can cause the markets to break away from the direction your trading instruments were pointing at.

It might cause support czn resistance levels to be crossed, perhaps, causing you to be stopped. Choose your preferred market. Scalping is not limited to Forex trading alone, but this trading strategy can be used to trade stocks and futures as. Each of these instruments will have sczlpers own makw advantages and disadvantages, and you only have to choose which best suits your trading strategy. Scalping is most suited to the Forex market because it is a hour market and the trader can trade continuously for hours.

Besides, there are plenty of currency pairs to scalp from, and this is exactly what a scalper needs in order to place numerous trades simultaneously.

The futures market has recently become a hour market, and this can mobey a scalper the opportunity to trade throughout the day. The futures market also offers very tight spreads, which is a great advantage to any scalper.

However, the stock market still has high liquidity, and it may suit a certain kind of scalper. Control the number of simultaneous trades. The beauty of scalping is that you place numerous trades with low stakes, leaving you with plenty of free margin to place more trades.

That and the goal of placing as many trades as possible can push a scalper to place many trades running simultaneously at any given time. There is nothing wrong with this, but you should try to limit the number of trades you have depending on your capital. If you have a huge capital, you can place as many trades as you want provided tixket margin level percentage is still reasonable.

Another thing to remember is never to place more than 3 simultaneous trades based on one currency. For mwke, you should not make more than 3 trades monfy each have the US dollar as the base currency. If you do so, and for some reason the US dollar performs contrary to what you had predicted, then all mony trades will be losers, and that will create a huge dent on your capital.

Select markets with the lowest spreads. The spread is the difference between the bid and ask price, which is why all trades will begin from a negative return. The idea behind scalping is to make small profits, but from tens or even hundreds of trades. However, it is difficult to make a profit within a short timeframe if the spread is too wide. This ECN brokers mke is a good start at identifying the cna with the tightest spreads.

Be wary of brokers who tickwt very tight spreads but charge a commission on every trade. Scalping ticlet all about making very small profits, and a commission levied on these profits can lead to losses rather than profits. Get in an ideal frame monye mind. A scalper is not the kind of trader who places a trade and goes on vacation or goes to the kitchen for a snack.

You will need to be at your computer, staring at the Forex charts continuously for hours. During this time, you will need to be completely focused on your trading and put away any distractions. Do whatever you need to do maek starting your trading day to get you focused, I personally prefer music, but you should do whatever makes you most attentive. You should also prepare yourself mojey losses and mistakes, every trader makes mistakes and losses, so prepare yourself psychologically to take it moneey stride.

Most of the traders who make huge losses are usually pushed by having a wrong state of mind whereby they place trades without proper consideration to try and make up the losses. Now that you know the basic rules, you should know that some brokers do not tolerate scalping, and they may even penalize you if you place more than a certain number of trades in a day.

Or, you can check out our list of reputable scalping Forex brokers to make your search easier. Risk Warning: Your capital is at risk. Invest in capital that is willing to expose such risks. Forex Basics Minimize the use of indicators Trading indicators used by technical analysts and advisors are great for itcket a trader of any opportunities that may present themselves in the near future.

Use lower stakes Given the number of trades a scalper makes in any single day, it is paramount to lower the amount of margin dedicated to any single trade and minimize risk.

Some of these strategies could involve a mastery in: candlestick patterns use of indicators trading on financial news announcements 5. Select the appropriate timeframe On all Forex charts, there is an option to select which timeframe you would prefer to trade on, which can be as small as a minute up to months or scalpwrs years. Keep an eye on financial announcements If you compare fundamental and technical analysis of the Forex market, you will quickly see that scalpers are mostly technical analysts.

Choose your preferred market Scalping is not limited to Forex trading alone, but this trading strategy can be used to trade stocks and futures as. Scalping the Forex market Scalping is most suited to the Forex market because it is a hour market and the trader can trade continuously for hours. Scalping the futures market Tickket futures market has recently become a hour market, and this can give a scalper the opportunity to trade throughout the day.

Control the number of simultaneous trades The beauty of noney is that you place numerous trades with low stakes, leaving you with plenty of free margin to place more trades. Select markets with the lowest spreads The spread is the difference between the bid and ask price, which is why all trades will begin from a negative return.

Get in an ideal frame of mind A scalper is not the kind of trader who places a trade scaopers goes on vacation or goes to the kitchen for a snack. FYI on scalping Now that you know the basic rules, you should know that some brokers do not tolerate scalping, and scappers may even penalize you if you place more than a certain number of trades in a day.

To see how scalpers make money, watch this video of a scalper in action:. Was the article useful for you? Forex Basics. Add comment. Categories Forex blog. Most Popular Month. Nihilist holy grail trading system Ignacio Campo Last Law Decisions Martin Moni Bankruptcy of Forex brokers Martin Moni If you like this discussion on TopBrokers.

Author: Martin Moni.

Ticket reselling has always gotten a bad rap. When people think of someone reselling concert tickets, they think of sleazy, borderline-con-artist scalpers. Reselling concert tickets can be done in a way that really does help people.

Why is there scalping?

One of the most powerful decisions you can make for your business is to find a mentor. Mentors can cut your learning time by huge margins, can save you from expensive mistakes, and can help you learn the ropes before having to commit. This post is a great starter guide. However, if you want access to a mentor, you can look into the Ticket Flipping Training and Community right. This course can serve as your mentor to prevent you from wasting time and money. Become a Ticket Flipper Here. This course will teach you to:. But how can reselling concert tickets online can ticket scalpers make money any better than selling tickets on a street corner? Plus, ticket buyers are more likely to trust an established third-party company than some random guy on the street. The most well-known ticket broker is StubHub, but you can also go through places like Eventbrite or Shopify.