I’m curious if these tips work for business class? My travel is transatlantic – USA to The UK – and I’ve found that the so-called brokers who can save 50-70% can’t do any better than I can myself using Kayak or a similar search engine. It’s more expensive but as a big guy the extra comfort on a long flight is worth it in my opinion. Still, I like to save where I can as that is the most expensive part of my trips.
This is the hardest part in scalping but also applies to all styles of trading. Do not over trade. Many traders that start off and maybe never make it, is because they overtrade in the beginning and they start making a lot of little losses to soon find their account so low or in the red that they cannot be impartial in their trading. Therefore it is essential that from the beginning you take control of your trading urges. When you start off scalping you can also play it safe, that is, even if you miss a couple of trades do not feel you are missing out, but see it as market experience. You are currently learning. The market won’t go anywhere.
Remember that it’s all in the timing. SeatGeek’s Flaherty said that no matter the event, a better deal is likely to emerge the longer you delay your purchase (see “Patience Pays Off,” below). Optimally, the time to act is within 48 hours of showtime, according to SeatGeek’s statistics. “Tickets are perishable goods,” Flaherty explained. “On the resale market, the price typically decreases the closer you get to the event, though you might lose some flexibility, like the ability to get five seats together.”
You probably already get bombarded with emails from every store, website, and vacation spot you’ve ever so much as looked at, but when you’re cleaning out your inbox don’t be so quick to unsubscribe from airline or travel site emails. While they might seem like just another empty marketing tool, airline emails can tip you off to flash sales or special deals you might otherwise miss. I recently scored half price tickets to Thailand because of a flash sale e-mail notice, true story!
If you already have a credit card, or if you are planning to open one in the near future, consider switching or starting with an airline rewards card. You’ll be able to rack up frequent flier points when you’re not flying and cash in on free flights and member discounts/benefits as you spend! Check out the great community at /r/Churning for ideas on how to up your points game!
Brilliant advice, although people should make sure if they are using multiple airlines ticketed separately that they have good travel insurance. Airlines ticketed separately have no obligation if, say, the first flight is delayed and you miss your second flight. I have also had issues with lost luggage before, when airline one booked it straight through when I was ticketed separately on to airline two: both point the finger at the other and you don’t get anywhere fast! Good insurance is a must and good practice anyway!
Typically, I start all my searches with Momondo because it searches all major AND budget airlines, non-English websites, English websites, and everything in between. I’ve been using them since 2008 and they vet all the sites they link to as they have strict criteria on who the operate with. Momondo is one of the most comprehensive booking sites out there, they have the lowest price 99% of the time, and it’s the search engine all the other travel experts I know use too.
I also sell tickets and this accounts for a portion of my self-employment income – I sold over $100,000 in tickets in 2014 and I’m way way small time. John is correct in assessing that this blog post is a terrible idea. The reason is because you’ll lose money on many, many, many events. Just saying “hey, this is a popular concert/show/sporting event” isn’t enough knowledge to know if you can turn a profit. There are a lot of other factors. For example, you may buy tickets to a concert at face value only to learn that people from a pre-sale or VIP program bought them for X% less. Good luck selling those on stubhub at a profit once they take their cut. Sporting events are seriously cutthroat, and it’s hard to make money unless you’re a season ticket holder. I paid $13,000 for my St. Louis Cardinals Season tickets. I might break even or take a small loss. I buy them to be able to give out some games as a promotion through my business and to have access to postseason tickets. You make all your money on the postseason, at least with the Cardinals. Even if you could turn a small profit from buying these season tickets regularly, you pay for them months before the season starts and you don’t get paid until you deliver the tickets for each game. Your money is tied up for months and months. You could use that money for other ‘angles’ and make more money overall due to faster turnover. I sell tickets because I enjoy it. And I’m being sincere and genuine when I say that if you’re just trying to earn points/miles, please stay far, far away unless you truly understand the real downside risk. I lose money on over 50% of the tickets I sell – that’s a true story. If you’re just dabbling, you’re hoping you’re going to pick the golden event and avoid the rest? That sounds like a terrible investment strategy to me.
If it looks like the delay is going to cost you more than the airline is offering -- like if you had a non-refundable hotel reservation, or miss a private helicopter ride (look at you!) -- you’ve got 30 days to try and get as much money out of them as you can. But once you put a check into your bank account, you’ve essentially agreed to accept whatever you were offered.
This works for your arrival airport, too, but a note of caution – if you’re unsure where the airports are and how to get to and from them, do your research before booking. Sometimes the cheaper airport can cost you more in transportation costs, eliminating any savings you might have made on the fare. The fixed-fare price for a taxi into the city centre from Rome Fiumicino Airport is €48 (per vehicle, not per passenger), compared to just €30 from Rome Ciampino Airport, so bear this in mind when deciding on which flight to book.
This is pretty extreme but true. Ticketmaster tickets aren’t printed on normal paper, and if you light a small corner of a genuine ticket with a lighter or cigarette, it should turn black on the face but be completely unaffected on the back side. Also, Kevin Quandt pointed out that “most Ticketmaster tickets have a blueish layer of paper that is slightly visible, and that they are heat sensitive (also, best to not leave in hot car).”
The New Year is always a popular time for flight sales, so if you're planning to fly in 2019, now could be a good time to book. Before booking a flight direct with an airline though, ALWAYS double-check prices for your route and dates on comparison sites to make sure it's really a bargain (and in some cases it may be worth waiting until all carriers on your route have released tickets).
Search for flight deals a month in advance, and, unless you can fly at a moment's notice and find a last-minute sale, book 21 days out. Avoid flying on Monday, Friday and Sunday, which are generally the most expensive days. You can also save a lot by flying at night (yes, the dreaded red-eye) or early in the morning (like when it's still dark). Try to stay over at least one Saturday to save even more. And travel off-season: everyone wants to fly to Hawaii in winter when it's cold or in summer when school is out, but in spring or fall, those seats are cheaper. Finally, research when to buy airline tickets for holiday travel carefully. In general, the closer to a holiday you fly, the higher the prices — unless, perhaps, you travel on the holiday itself.
Ticket Scalping, or so its called, is also done to a much greater degree by Credit Card companies. The purchase tickets to resell back to their existing card holders. So they are taking out enormous amounts of tickets from the general public, therefore increasing prices, and only limiting the events for people who do business with them. 43% of tickets are so called Scalped.
Copying ultra-low-cost airlines such as Spirit and Frontier, now Delta, American and United also sell bare-bones economy class fares. On domestic routes, they typically cost $40-$60 round-trip less than regular economy, although the savings can be greater to international destinations. Buy one of these fares and, except on Delta, you'll pay even for a carry-on bag unless it's small enough to fit under the seat in front of you; you won't be able to choose a specific seat before check-in (which means you'll end up in a dreaded middle seat), and your fare will be entirely non-refundable and non-changeable. Although I'd never buy one of these airfares, my millennial friends, who apparently travel with just a change of clothes and a toothbrush stuffed into a backpack that slides under the seat, tell me that they're worth the inconvenience.
It is almost impossible for anyone involved in currency trading to have not heard of scalping indicators. But, if you are new to trading, scalping is a trading style that focuses on creating profits on very small price changes. Positions are entered and exited within a short time duration, which can be within minutes. This post is going to assume you already have an understanding of scalping and will focus on some of the indicators you could use to form a simple and successful scalping strategy.
Best time to buy: Tuesdays at 3 p.m. EST. If you don't find the discounts you're looking for in the early morning, a study by FareCompare.com says the best time to buy airline tickets and shop for travel (domestically) is on Tuesday at 3 p.m. EST. However, George Hobica, travel expert and journalist, argues that the best deals vary frequently, so there's not one specific day or time of the week to buy.
Good sites for planning your trip: Star Alliance Fare Planner for planning a trip on the largest airline alliance of them all. OneWorld Explorer isn’t quite as big as Star but has better coverage of South and Central America. AirTreks is a popular trip planner based in San Francisco. Trailfinders is good at tailoring budget trips to specific needs and destinations.