Part-time job to supplement trading income

Hi all,
I’ve been a full-time futures trader for the last 6 years or so. After an expensive initial learning curve, became profitable about 2 years ago. Prior to trading, was in the corporate world for a couple of years. I’m currently at the upper limit of the maximum amount of trading risk that I can afford to take. The problem is that my trading income is just enough to cover the living expenses – there’s no savings. If there’s no savings, there’s no possibility to grow my trading business. I tried generating subscription income though Collective2 some time ago – but was not happy with the outcome. I’m proficient in TradeStation’s EasyLanguage. I would appreciate any thoughts/suggestions. Thanks.

 

I had a part-time job in the nightclub/bar industry in NYC for years, as well as freelance IT projects as well as an ecommerce business at the same time as trading. You could also go back to corporate under the guise of being an employee while at the same time trading.

 

This is great advice and what I'm doing right now. I have a nice corporate job but trade a little on the side on most days. I have a super small account that doesn't not in any way affect my net worth or generate anywhere sufficient cash to be of any concern. In fact, I'm trading one of my retirement accounts so it can grow tax free too.

The benefits are plenty. You get full benefits, vacation, sick days, bonuses, and annual raises at a decent corporate job. You will NOT get rich as an employee/wage slave unless you are in senior management or get lucky with an IPO at startup.

But for the most part, it's a decent life. And if you save and invest wisely over time, you will probably reach financial freedom or at least your target amount faster than just trying to "trade your way to financial freedom" with a $2K , $5K, $10K, $25K, $50K, or whatever amounts that get posted around here.

And the real kicker is once you get good at your short-term trading(daytrade or swing) you might be able to kick out some decent cashflow that would be great supplemental income to your normal job.

So, it's probably reverse. Instead of part-time job to supplement fulltime trading it should be part-time trading to supplement fulltime work.

When you get to a level where your trading is CONSISTENTLY generating more money than your job then you can reverse that trade. Call me when you get to that stage.

I figure it will take me 5-10yrs. And I'm totally OK with that. In those time, I will continue to build marketable skills, get benefits, less stress, and improve my trading skills steadily.

You gotta take the long-term view as a career development when it comes to your trading. Not a lotto ticket where with a few K you will generate tens of thousands or millions. It's OK to have bold dreams. But in life like as in trading, you want to take the best odds trade. That's where the edge lies..

 

Why not try some prop firms to real up your size?
Or even, ask around for extra capital to up your size?
You've done the hardest bit, so make the most of it and take the fast lane.

 

Look for a part-time job with health/medical benefits in which your work hours do not conflict with your trading hours.

 

become a teacher.

 

Do you trade ? I mean trade financial markets - of course.
Not talking about spreading legs here.

 

How big is your nut?

 

I am sure any of zdreg size requirements can be accomodated.

 

lol. Is that the "female" who does not trade ( where is your Daddy?) , or the broker (?) who suddenly is taking over the pseudo.
Anyway : spreading legs is actually a trading technique ( from butterfly to box,...)
And yes, depending on requirements, size can be accomodated.
Do you trade?