Is it possible to manage trading with your real job

Discussion in 'Forex' started by intervention, Jul 26, 2013.

  1. deucy28

    deucy28

    There are numerous responses to you, the thread starter, to swing trade. This could be or could not be relevant to you, depending on where you are on the time-in-position willingness.

    Notice I use the word "willingness." If you are strong headed about consistency in swinging for triples and homers only, swing trading will not be your solution.

    This is for you: If I had life to do over again, with so many activities and projects I have attended to, I would do what 60 years of life has taught me: Moderation in mission objectives, hedge much more frequently than I did. I don't know your age, but probably this is not what a young man wants to hear with more testosterone than experience. Please don't regard what I am saying is proselytizing mediocrity. There ARE times to leverage your talent, skills and passion when you see a competitive advantage in your life's endeavors: work, romance, patriotism, etc.

    So my contribution to your thread's objective is one niche in market participation. I don't know if it is unique in this way, but I assure you, it allows you to start as an investor, enjoy the experience, and move to short-time in position trading when your life's circumstance is appropriate. Your situation now appears to call what others who have posted here is appropriate for you: Swing trading that doesn't call for your mind and/or life to be disproportionately obsessive to "positions" in the market. Swing trading is more leisurely but no less responsible. And if you crave for more action, do swing trading in QUANTITY, with each component requiring a leisurely pace (comparative to any other market participation) for you, but getting your ya ya's with plenty of consistency.

    Below is my niche that fits your desire perfectly. I hope you have the patience to read it all. Again, you may find something that is more appealing to you, but be sure you can do it in a sane, swing investment way that doesn't allow your mind to be pre-occupied with it because of its inherent time sensitivity and demand on you to be monitoring closely while you attend to other life requirements you are obligated to which are important or should be important priorities for you. Reading my piece at the link opens my niche to you as a possibility, but more importantly gives you guidance for what to look for if you search for other alternatives. IMHO, look for something that allows you to swing invest, get good at over time, and is perfect for short term trading later as you can attend to it that way if it grows into a passion for you. Think of the experience you will have gained along the swing investment path that will give you an important edge when you do more short term trading !

    http://www.elitetrader.com/vb/showthread.php?s=&postid=3875628#post3875628

    Good investing / future trading AND prosperity to you !
     
    #21     Sep 22, 2013
  2. You can manage your trading if you have stop/limit orders for all your trades, or use a web-base or mobile app if one is available. Alternatively, you can modify your trading to more of a swing trading style if you are unable to access your account at all from work.
     
    #22     Sep 23, 2013
  3. thank you but think I misspoke

    I'm trying to create more and more peace in the world and less and less contention

    It aint easy

    I know I can't compete with hft or a floor trader

    so I found a nice little niche for a full time retail trader

    I suppose if I had a full time job I could adjust things

    I know the way I trade can't be successful unless you are sitting there watching it

    but if I had a job I could probably adjust things or totally abandon what I do and come up with something

    sounds more like an excuse than a plan

    "I can't do it because I have a job."
     
    #23     Sep 23, 2013
  4. Yeah, I would do the weekend warrior thing and start developing automated strategies to run during the week. This allows you to look at the market in a more quantitative way focused on profits rather than emotional decisions. Another thing is that if your trading really takes off it means more flexibility in the future- which you're going to want from working that real job all day until then :D
     
    #24     Sep 24, 2013