Trading while having a job.

as others said dont stop working until your trading makes more money consistently. For me having more time on an off day or vacation has lead to my worst losing days. I would say set aside 2-3hrs or whatever your peak time of trading is and just start with that. Having a job can be annoying at times I've missed a few moves because of meetings or having to drive to work but more than likely im still at the point where day trading is a loss for me.
 
Trader Curt said:
I've been studying the psychological aspect of trading, and how your mental state affects your trading decisions. And one thing I've been thinking about is how having a steady supply of money flow can affect your judgement when making trades.

I'm running a small business, that I can't seem to let go of and pursue my dream of being a successful trader. That consistant supply of money makes me feel comfortable. And since I'm trading with the comfortable feeling of knowing the steady supply of money is always going to be there, I feel more relaxed when I trade.

The big question is, should I cut back on my business to start trading better? Or do you think I'm doing right by sticking with my job and having a more comfortable attitude that will only get better as time goes on?

I have already decided that I'm in it for the long haul, but I want to at least have a nice gradual transition before I get there...
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So of course it depends on what you are trading and your trading time horizon your knowledge and your personality.

Guessing at your personality, I would suggest you get Gann's books read and understand them and practice the techniques. Once you have done this you should understand waiting for very select opportunities - then you will be able to place a one trade every month or so - knowing about stops and where to go in.

Go to this site:
https://chatwithtraders.com/podcast-episodes/

Then listen to this podcast:
https://chatwithtraders.com/ep-006-tim-walker/
pay attention to his answer when he was asked
"how much time do you spend on trading?" (towards the end)

To your question:
Stay with your business and study the above on the weekends and then look at charts and pick your trades (again on the weekend) placing one trade a month - checking it's progress in the evening BUT not changing anything UNLESS by "following all of the rules" it is called for.
 
trade optiosn then yout timeframe is weeks to months, your risk is perfectly managed and you can ignore all the noise and rubbish churned out by the media
 
i would say if you make 100 thousand a week in your job after tax and less in trading stay for a bit doing that. probably use an index linked tracker to learn about trading from warren buffett. fastest way to learn i assure you.
 
we need more liquidity in these markets. the current situation is untenable if >50% of volume so i would advise all to participate more fully in the actual market as soon as they can not in the giving money to broker economy which i also fully support.
 
TommyR said:
we need more liquidity in these markets. the current situation is untenable if >50% of volume so i would advise all to participate more fully in the actual market as soon as they can not in the giving money to broker economy which i also fully support.
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Be kind.

We amateur retails already gave up too much of our money to you professionals. As you pointed out, the more we participate, the more we provide liquidity (lose).
 
digitalnomad said:
I don't know why people can't grasp the thought, and what part of "I’ve had my order management unattended for years now" they don't understand. Not sure if it's envy or disbelief. I had the vision to automate in 2000 when guys were running around with flip phones, and I was toting around a big heavy Fujitsu tablet.
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I don't think it is disbelieve, but misunderstanding what was said here. I can make a point from what was said and it's really timely.
 
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