for day trading you need to be glued to your screen, for swing may be not so much, Day trading really need to sacrifice your eyes and vision. Hopefully when i get older and semi-blind, it was all worth it.
Trading while having a job.
- Thread starter Trader Curt
- Start date
Good points on day trade, but.
A good business owner or a good employee knows how to multitask. Swing trade is just one of your multitasking skills. From my experience, should be fine as long as your time frame is week/month instead of day.
Would you prepared to offer up any kind of proof of this claim ?? ofcourse not as always, so until proof, ignore!!
I'm the king of the world, but can't prove it, but it's on the internet so it must be true!!
Just little periods of the day, even then can set a SL and watch casually while in a trade.
Just get upto trade at $500 per pt say on YM, jump on a quick momentum move, quick 80pts or $40,000, take the rest of the week off, see much better life!!
Compared to, ohhhh my stock gained 2.7% today, but dropped 2.8% the day prior, day after day for years on end, with a expected net result of ZERO!!
Here is a link to my trading journal where I post my monthly brokerage account statement at the end of each month.
https://www.elitetrader.com/et/threads/adventures-in-automation.329052/
In the same thread I will post a link to my website with product available for download...hopefully next week.
Happy trading!
No you don't. There is this thing called a program, and you can integrate whatever you want into it like AI, news, web scraping, character recognition, math, order execution, etc... It takes me a minute every morning to update my inputs and enable my platform.
I don't think there's anything wrong you working while trading at the same time. I'd actually encourage any person to do that especially if they are risk averse. Imagine your stable business and the trading positions as a perfectly hedged portfolio. Your business being a position in a risk free asset while trading position taking the risky asset aspect of your 'hedged portfolio'. If it's all working out for you you should keep on going, just dondon't close down your business because you want to pursue trading full time. Alternatively, you could higher some to run your side business as you get to focus on trading. I also like what @jeffalvinson just said, you should consider that too.
OP,
Unless you're in the Asian countries area for time zone, you could trade the HSI futures on the Hong Kong Futures Exchange outside of your regular work hours. That one will either give you great discipline and prove you can "make it" or it will continually expose all of your repetitive weaknesses and crush you.
If you can sim the HSI and win, then trade it's mini contract or the HHI's mini contract in a real account. They TREND SO WELL and that's all you need to be no better than 40%-60% winners in a 1.5 to 2.5 average reward to risk ratio window.
In fact, you can keep your real job and wind up making more just trading the HSI on the side than what you make in your real job, so keep the real job for backup security.
Unless you're in the Asian countries area for time zone, you could trade the HSI futures on the Hong Kong Futures Exchange outside of your regular work hours. That one will either give you great discipline and prove you can "make it" or it will continually expose all of your repetitive weaknesses and crush you.
If you can sim the HSI and win, then trade it's mini contract or the HHI's mini contract in a real account. They TREND SO WELL and that's all you need to be no better than 40%-60% winners in a 1.5 to 2.5 average reward to risk ratio window.
In fact, you can keep your real job and wind up making more just trading the HSI on the side than what you make in your real job, so keep the real job for backup security.
I'll have a read over the weekend.
You should. This guy is extremely talented. What he’s done in such a short amount of time is mesmerizing.