Trading full-time?
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I'm trading my own account part time.
Funny, I was about to open a thread called "How my full time job saved my trading".
Here is the idea :
I open a estx50 chart for the 1st time in the day around 1PM before lunch. My view of the market is quick and objective : Overbought I go short, oversold I go long, if anything else then no trade. Totally discretionnary. I've got fixed target & stops and I always exit at 6PM if the market didn't get me out.
Why do I have better results than scalping for a few ticks at the opening ?
- I don't look at the chart or TWS after entering the trade and before coming home at 6PM. No emotions involved.
- I don't place more than 1 trade a day because my job don't let me the time to do it. Discipline
In fact, my full time job helped me to eliminate the main 2 weaknesses in trading : emotions and lack of discipline.
I realized that I couldn't trade full time because trading is about doing nothing and I can't.
Funny, I was about to open a thread called "How my full time job saved my trading".
Here is the idea :
I open a estx50 chart for the 1st time in the day around 1PM before lunch. My view of the market is quick and objective : Overbought I go short, oversold I go long, if anything else then no trade. Totally discretionnary. I've got fixed target & stops and I always exit at 6PM if the market didn't get me out.
Why do I have better results than scalping for a few ticks at the opening ?
- I don't look at the chart or TWS after entering the trade and before coming home at 6PM. No emotions involved.
- I don't place more than 1 trade a day because my job don't let me the time to do it. Discipline
In fact, my full time job helped me to eliminate the main 2 weaknesses in trading : emotions and lack of discipline.
I realized that I couldn't trade full time because trading is about doing nothing and I can't.
full time for years. own account.