https://www.elitetrader.com/et/threads/are-we-going-to-run-out-of-shares.298936/
check this thread i started 3 years ago.
check this thread i started 3 years ago.
Trading while having a job.
- Thread starter Trader Curt
- Start date
Depending on where you get in, you can probably see on the chart what size move to expect from the stock, based on the last move. I personally use that profit target, whether it ends up being 2:1, or 4:1.
this is meaningless. 4:1 target:risk ratio with 25% win rate you are still just trading noise. real trading has nothing to do with this stuff.
Alas, I am notorious on this forum. I have actually identified that half of my trades have been shooting myself in the foot, so I hope for my winrate to be better. Regardless, I have seen this form of profit target mentioned in a few places, and its logical to me.
The ideal scenario is to have both....a steady dependable income stream and profits from trading. The thought of constantly having to remove money from my trading account to pay for living expenses does not sound appealing. I want to be trading bigger and bigger size. For that, I need to grow my account, not constantly draw from it. Now, if I had a seven figure account instead of a low six figure account, that would be a different story.
going to casino is not a business. that is what trading is. it`s a recreational activity and not a business
you cannot daytrade and have a full time or another business.
daytrading is a full time job.
even swing trading is too distracting to professional or people who own businesses. cause time is money. trading consumes too much of your time.
swing trading is short term positions from 1 -3 days.
people who are professionals or business owners work 50-60 hours per week. so daytrading is not practical or possible.
most retail brokerage account traders are college students, seniors. housewifes, part time workers, unemployed or people with crappy jobs. same crowd as the slot machine and blackjack table crowd in the casino. majority lose from brokerage stats. cause they invest in the 90% of scam stocks or trade worthless stocks or overleveraged or `gambling`instead of `trading``
daytrading is a full time job.
even swing trading is too distracting to professional or people who own businesses. cause time is money. trading consumes too much of your time.
swing trading is short term positions from 1 -3 days.
people who are professionals or business owners work 50-60 hours per week. so daytrading is not practical or possible.
most retail brokerage account traders are college students, seniors. housewifes, part time workers, unemployed or people with crappy jobs. same crowd as the slot machine and blackjack table crowd in the casino. majority lose from brokerage stats. cause they invest in the 90% of scam stocks or trade worthless stocks or overleveraged or `gambling`instead of `trading``
You're talking nonsense. This isn't the stone age. Once you have a viable model and execution platform, it can easily be automated while pursuing other things.
Forgot automation, brain in chair required, trading is never that simple, it's a dream but sadly not based in reality.
It depends on the kind of job you do. If your job is all physical and does not drain you mentally, I think you can merge Forex trading. Forex trading is a mental hard work. I am a part time Trader with Forexchief broker. I am successful because I recently started focusing on Robotic trading. It takes the stress away.