Hello to everybody.
I would like to build trading systems that I can monitor during the day even if I have a daily job. I am wondering if other traders do the same with a daily job. I was thinking that I could run the software on a VPS and monitor whether the systems were live or not.
Does anybody do a similar thing? Is it possible to trade and have a normal job until I have enough money to trade as the main occupation?
Kind Regards.
It entirely depends on your lifestyle and how you build your system. It is possible to work full-time, but you'll need to find out how this can work out for you. Don't expect stellar results in either working or trading though. If possible, I'd recommend reducing work-time so not too much energy and time is spent there.
In the beginning, I tried researching everything under the trading umbrella, mainly signal processing type of stuff. What I can say is that having a full-time job has given me much more focus and makes it easier to prioritize, rather than chasing pink unicorns at every other corner. You need balance and you need other input during the process of finding your trading style. So it'll take it's damn long time..
I believe you'll have a hard time following a live auto trading system during work. Too much can break and you'll need to watch it realtime to really improve it. That's a real conflict of interest that can bring various difficulties. What works for me is trade small and only EOD managing triggers after close. There's much less need to watch live action and the losses don't bother me so much as to disrupt work. It also eliminates need for VPS and to maintain live connectivity, so is low overhead. It may be a false sense of security, but my triggers can last for months without maintenance.
It'd be good to have a real trading-idea before you commit too much though. Without a real trading idea, I can say from experience that whatever trading you do, will either be lucky or lossy, even after years of doing this. If your system is "lucky", it'll eventually become a loser, especially if automatic. Automation is really the easy part and something I did almost at the start, but couldn't use it then because I lacked ideas on how to generate signals. Automation isn't really an edge, it's a double-edged sword that is more likely to slice up your account than anything.
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But that's beside the point if they can make it work...good for them.