October 21, 2015 at 2:46 pm
Every trader’s dream is to be able to kick back and have nothing to worry about except having to take a few trades now and then. Wouldn’t that be great? For most traders that is only a dream, at least for now. The reality is that most of us traders have a day job which has a major influence on our trading. Your work hours will more often than not overlap with the best trading hours during the day. The other problem is that your day job will take an enormous toll on your energy. Trading when you are tired is a big no-no. You will make all kinds of mistakes that you normally would not.
This leaves the trader with a difficult choice to make. Do I put my trading first and my job second? You could find yourself without a job if you do this. Should I put my job first and my trading second? If you do this, you might never be able to make enough profits to make a living from trading.
Your answers will depend on the type of job you have. Having an office job will make it so much easier to trade than having a physical job, such as a construction worker. This might not always be the case. It also depends on how much free time you get during the day that will allow you to trade. Let’s have a look at a few things you should and should not do when having a day job.
Some situations can be difficult to overcome, but not impossible. You should be willing to make some changes to your daily schedule to make time for trading. It is important that you find a balance between trading and your regular job.
Being there myself, I know it is not easy to trade while you have a full-time or part-time job. Even if your job allows you some freedom, it is still challenging to give your full attention to the markets. It is even harder if you have to work all 8-hours of the day and always being monitored. The moral of the story is with some determination and creativity; you still may find some time to trade during the day. If you cannot now, you may be able to find some time in the future. Make sure that you are ready when that time comes so that you can capitalize on it.
October 31, 2015 at 6:33 am
Trading with a day job is really hard. You just can’t give your full attention like one would like to. That being said if you really want to, you WILL find a way to trade – like I do. I have a normal job that starts at 9 and ends at 5. I trade on a bigger timeframe like the one hour and up when I’m at work and when I get home I focus on shorter expiry times.
Some days I don’t get any time to trade at work. In the beginning I made trading a top priority… I would not do some of my work to make time to trade. I was constantly in trouble for not getting my work done. If I look back I could have lost my job if they found out why my work wasn’t done. Lucky for me, they did not. I have since made trading a second priority and I feel much more comfortable when I’m trading now. I actually like trading on the larger timeframes. So I try to make enough trades during the day that I don’t have to trade when I get home because I’m always tired at that time.
November 11, 2015 at 1:06 pm
My advice would be to rather trade BEFORE or AFTER work. Obviously it depends on what job you have, but in most cases this is the best thing that you can do for both your trading and your job. The thing is if you trade at work, you will constantly be thinking of what is going on in the market or with the trade that you entered. You can also feel depressed because you just lost a trade. This can negatively affect your job in many ways. You will not be able to give your full attention to your work.
The situation could also be vice versa. You could have so much on your plate at work that it is impossible for you to give your full attention to your trading. This can be catastrophic to your trading success… I have been there and it is no fun at all, trust me. Anyway I just wanted to give my 2 cents on the matter. Happy trading guys!
November 12, 2015 at 10:48 pm
That makes a lot of sense what you are saying Tradingmachine. I mean it is a total different story when you are sitting in a shop and don’t get many customers. But in my line of work there is almost no time for trading. I did try trading the higher timeframes with longer expiries, but it just did not work for me. I did not feel connected to the market at all. I have since just made time after work to trade for 1 or 2 hours. It has made a huge difference to my trading and I can give all my focus to my work which is a good thing.
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