Just curious how many traders here actually work full-time (not as traders) and still trade profitably without trading at work?
I'm also wondering what the average age is of people trading and sharing on the trader network? I'm 46 years young.
I seem to always think I would be making more profits if I didn't have to work 8-5pm but maybe that is just an excuse for bad trading habits.
Anyone want to share how to succeed with "double" lives?
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I pretty much swingtrade, have about 80% success rate. I will usually hold if it nosedives after I buy unless I cut n run for another play. I dont do pink/otc though.
Who works full-time and trades profitably?
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Only Government Workers.... ha... ha...he..he...
It can be done, but you trade differently at 46 than at 64. What is essential is that you shouldn't be looking to replace your job by parttime trading, because you will tend to take on too much risk with too little time to manage it.
I pretty much swingtrade, have about 80% success rate. I will usually hold if it nosedives after I buy unless I cut n run for another play. I dont do pink/otc though.
I'm 32 and usually trade around expected earnings announcements. That can be done without trading at work during the day, if you use stops to cut your losses.
I'm 23 and just started to get into the world of investing. I have a full-time job so I probably won't be day trading. I'm looking to focus on long-term investments, as well as some swing trades here and there.
MyLastDollar:
Do you have any recommending reading or words of wisdom to point me in the right direction for swing trading? Many thanks.
MyLastDollar:
Do you have any recommending reading or words of wisdom to point me in the right direction for swing trading? Many thanks.
I've done some system trading while on the job (50 hrs / wk). You basically search for your setup criteria, set your stop orders at night and watch occasionally during the day for your exit.
TK is almost set up for automating the exits. If only we had the ability to place a contingent trailing stop order...........
It worked great. It was profitable until I started exploring other methods.
TK is almost set up for automating the exits. If only we had the ability to place a contingent trailing stop order...........
It worked great. It was profitable until I started exploring other methods.
You didn't specify how profitable, so I'll add my response to the chain: I'm an engineer with a 45 to 55 hour work week (although more and more of that time is being spent doing business development), who has managed a 'stunning' ROI of 3% to-date for 2011. I'm in my 30's and set orders in the evening, making adjustments on my smartphone during lunch.
I'm heavily invested in private enterprise with an annual ROI of around 20 to 25%, so that would be my best 'advice': right place, right time, right opportunity.
Other than private enterprise, I focus on dividend stocks that are short-term range bound, with a long-term upward trend. I sell calls at the peaks, and sell puts in the troughs. I've learned to be patient.
I free-lance. So when work is slow, I trade more. When working, I avoid trades that need more attention. I do a little better when have more time to follow the market.
RE swing trading:
http://www.tradeking.com/education/videos/swing-trading-during-uptrends
This is a link to a tradeking webinar about swing trading.
RE swing trading:
http://www.tradeking.com/education/videos/swing-trading-during-uptrends
This is a link to a tradeking webinar about swing trading.
russianmunkee: I'd suggest reading "How to Make Money in Stocks" by William O'neil, the creator of the Investors Business Daily newspaper. Lot's of great info that I wish I knew about when I started investing.
Good luck! I wish I was 23 with all the wonderful tools available today. Go slow and you will do great!
E-man
P.S. Thanks to everyone for the excellent feedback.
Good luck! I wish I was 23 with all the wonderful tools available today. Go slow and you will do great!
E-man
P.S. Thanks to everyone for the excellent feedback.
Displaying all 10 forum posts
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