What can a trader do as a secondary job to supplement income.

Quote from 50cent:

I am on my third year of trading i trade listed securites my specialty is scalping off the open. I trade from 930-1130 and average about 300 a day. So all in all its not bad since i make about 6k a month but i have so much free time in the afternoon. The problem is that i dont feel like i have much more room to grow so even though its cool making 60k+ working 2 hours a day i dont feel like i am getting anywhere. No raise no promotion not making any contacts (sizing up would no be an option due to liquidity concerns) Anyone in this situation with advice on what i can do with free time. Options ive considered are moving to cali trade mornings get finance job. Work on a degree cfa mba cpa or something else. Or just get some 12-6 job making 15 bucks an hour and maybe getting benefits ( like personal trainer at gym) Im just stuck right now any comments welcome
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Burger King is usualy hiring...
 
Quote from 50cent:

I am on my third year of trading i trade listed securites my specialty is scalping off the open. I trade from 930-1130 and average about 300 a day. So all in all its not bad since i make about 6k a month but i have so much free time in the afternoon. The problem is that i dont feel like i have much more room to grow so even though its cool making 60k+ working 2 hours a day i dont feel like i am getting anywhere. No raise no promotion not making any contacts (sizing up would no be an option due to liquidity concerns) Anyone in this situation with advice on what i can do with free time. Options ive considered are moving to cali trade mornings get finance job. Work on a degree cfa mba cpa or something else. Or just get some 12-6 job making 15 bucks an hour and maybe getting benefits ( like personal trainer at gym) Im just stuck right now any comments welcome
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Getting a finance qualification is an idea. It's never a bad thing to get more qualifications, and if you trade for a few years and keep up to date with the industry by reading journals, finance theory, economic publications etc (as opposed to most traders who remain uneducated out of laziness), you will inevitably get quite a good understanding of markets & finance. That will set you in good stead for the long-term, improve your skills and marketability in case you don't want to trade forever. The main problem with this approach usually is it distracts focus from trading. However in your case it seems like your trading is not that time consuming.

I would avoid getting an unrelated job. Stick to something related to markets.

The other option, what I would do, is to use the free time to research other areas of trading & investment. Why not learn how to read accounts and then dabble in deep value investing? Or if you are more short-term, follow intraday or medium-term moves in the markets, sectors, stocks, futures etc and try to evolve into a swing trader or global macro trader. I started out as an intraday scalper, and I still do that when the market volatility & action is there to make it worthwhile, but almost half my profits now come from longer-term positions trades. It takes a few years to go from zero knowledge to reasonable skills, but it can be done if you apply yourself.
 
Gigolo.

...Call me on the line.
Call me, call me any anytime.
Call me, my love, you can call me any day or night.
Call me!...

Dooo doo doo....

nitro
 
Quote from makloda:

mcd-Quad.jpg
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Aahahahahahahaha

nitro :D
 
i'm also with the guy who said go to Law school. Consider it a hedge leg for your life.
Even if you decide to trade for a full time career after you graduate. You can always fall back on the degree. So, in 3 years time you will have elevated yourself to professional status and still have banked $$ trading. it's worth the effort. I wouldnt steer you wrong.

In the meantime, keep trading and do look into the ways in which to grow trading. contrary to your belief they are out there.
 
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