Hi secondary - daytrading while working full time is difficult. I found it was reasonably straightforward to monitor the charts for when price crosses that 'trigger point', but it is managing the positions that is hard. Yes, you can set orders to stop you out or take profits, but these are crude ways of managing a trade, while the realities are more complex, so winners become losers and it can all be very depressing.
Swing trading should be something you look at. Gives you a much extended timeframe, while risk is no higher with proper money management principles applied. Don't be fooled into thinking that more screentime = greater effort = greater reward. This works in most work-oriented endeavours but not in trading. Reward = Risk x Time x Capital.
Demo / paper trading would be a good idea while you try to identify a personal and convenient style.
Swing trading should be something you look at. Gives you a much extended timeframe, while risk is no higher with proper money management principles applied. Don't be fooled into thinking that more screentime = greater effort = greater reward. This works in most work-oriented endeavours but not in trading. Reward = Risk x Time x Capital.
Demo / paper trading would be a good idea while you try to identify a personal and convenient style.
shadowninja
Legendary member
- Messages
- 5,524
- Likes
- 644
chloe_wong
Junior member
- Messages
- 14
- Likes
- 0
many of my colleagues ask brokers to do trading on behalf of them, because they all have full-time jobs, not professional, and, they do earn money by the help of brokers.
