I might have the best schedule to trade

P

packer43064

Well guys I may have the best schedule to trade. Or at least best in terms of working a job and trading also.

I work Friday-Sunday at a warehouse for 12.5 hours a day. Off Monday-Thursday. I'm still sim trading until I can get better and get a legit edge. I make some money, but very randomly. Need to fine tune the actual method.

Anyone else trade and work for the proverbial "man" until they can afford to actually quit or still learning?
 
packer43064 said:
Well guys I may have the best schedule to trade. Or at least best in terms of working a job and trading also.

I work Friday-Sunday at a warehouse for 12.5 hours a day. Off Monday-Thursday. I'm still sim trading until I can get better and get a legit edge. I make some money, but very randomly. Need to fine tune the actual method.

Anyone else trade and work for the proverbial "man" until they can afford to actually quit or still learning?
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Yes you do. :D That is almost a perfect setup for a guy transitioning from working to trading.
 
I could see myself working this weekend job and banking 30k a year with health insurance and swing trading Monday - Thursday indefinitely or until I am making heaps of money one day.

As much as I am a loner I do enjoy the human interaction throughout the weekend (most people that is).
 
- Don't quit your day job
- don't use leverage
- money is most efficiently compounded over longer term time frames
- money is made by sitting on one's hands
- many times money is made by sitting in cash
- don't be hostage to the markets
- open a Roth IRA
 
Currency trading is unique because of its hours of operation. But not all hours of the day are equally good for trading. The best time to trade is when the market is most active.
 
Turveyd said:
I think most of us, work then trade a long side just tor the vague hope of 1 day not having to work.
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I "swing trade long value companies".

In other words, whenever I get the time I have the option to actively trade (during my day job, during breakfast, etc). But when I'm busy with my "real life" I don't have to worry about my positions too much since I only invest in companies that I would be happy holding for many years anyway.
 
Thingon1 said:
I "swing trade long value companies".

In other words, whenever I get the time I have the option to actively trade (during my day job, during breakfast, etc). But when I'm busy with my "real life" I don't have to worry about my positions too much since I only invest in companies that I would be happy holding for many years anyway.
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There's a big difference between holding a company for years and not being able to exit a position because of a lunch meeting.
 
newwurldmn said:
There's a big difference between holding a company for years and not being able to exit a position because of a lunch meeting.
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I absolutely agree with you, but that's why I'm not a day trader :)

It's the strategy that works for me, keeping me sane. If I am able to sell early and make a killing, great! But, if I'm in a lunch meeting and just can't exit, well, so be it...

Again, I do this on the side as my portfolio isn't big enough to support me and my 17 kids.
 
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