how we manage Day/swing Trading with Full time job like 9-5

[ADONAI1ST]

Need to make one amendment/clarification to my previous post. --Swing trading historically makes heavy use of the closing price on daily charts and never looking at charts below 60 min. If you are able to duck on to the internet say a half hour before close and do a quick review of daily and hourly AND make an entry/exit at work before market close, AND not compromise your work quality, then you may be able to swing trade successfully. That is about the only real essential time of the day that a swing trader needs to have unto themselves for reflection and action. If not able to do that, then position trading for longer periods is the best bet. Thank you once again, and lastly, for your time.

Can you explain this method of looking at EOD charts, or getting in the market close to EOD and trying to make a exit/entry to me? I keep seeing people say this, and I'm trying to understand it. Thanks.....

 

[JeffGoldman]

Pick one or the other. I devote a chapter to this exact topic in my book "Failed Traders: The 20 Common Mistakes Committed By Over 1000 Losing Traders". Definitely don't try to day trade! That is a recipe for disaster.

 

[bone]

If you have a "real job" aka a "day job", then IMHO swing trading is the only way to go.

Paper trade first whilst developing your trading system. Don't get terribly excited about back tested results. Use back testing as a screen to identify viable trading models. That's just my own 2 cents, YMMV.