Many people have become mesmerized by the idea of day trading, but are afraid to start full-time. The great thing is that you can start investing part-time as a day trader. The internet and the different platforms make it so convenient to day trade from anywhere in the world and not have to commit to a full-time job in day trading. The fact that you can trade while your child is napping or while on your lunch break at work truly make it easy to just put in a few hours a week and generate supplemental income. But just because you are investing part-time doesn’t mean you don’t need a plan, strategy, set limits, and goals.
Some people think how can I make money if I am only investing a little bit of time? It all comes down to mindset because of the society that we live in. Some days there will be no trades, other days there will be more trades. If you are patient and disciplined and have the correct strategy the chart will let you know when to take trades. Would you rather take 10 trades and be profitable with 5 or take 6 trades and be profitable with 4? It’s not about how many trades it’s about the quality of your trades.
Mastering Part-Time Trading Activity
We will discuss some key takeaways that will help you dominate the stock market with part-time investing. Professional traders’ first step is to use a strategy also known as a business plan to execute trades. This strategy is well tested and the information collected helps fine-tune and move them in the right direction. They also label their charts in which they identify supply and resistance zones and retrieve information. Day Traders use technical analysis and stop losses to minimize risk in the markets.
Traders also analyze history before entering a trade. These investors take trades when the price is near certain levels or see certain conditions are present. When the price levels, strategy, and conditions aren’t present then don’t enter a trade. The better you get at trading you’ll catch yourself looking for reasons to avoid trades. Day traders that find reasons to make trades at any level find themselves losing a lot of money.
Focusing on refining your strategy will help to produce a handful of high-probability signals most days. Be mindful that most days there aren’t many great chances to enter trades. So, you need to be disciplined to hold onto your capital; without money, you can’t enter trades. So, save your funds for the days that the market can give you the most capital gains. Each dollar you waste on a random, undisciplined, low-probability trade is money you can’t use when a great opportunity was present.
Make Time Work For You
The success and failure of a day trader depend on how wisely he/she spends time. Those who use their time wisely achieve success. The stock market is most volatile in the morning between 9:30 am -11:00 am and 3 pm; an hour before the market closes. So, if you are going to invest part-time this would be the best time to aim for. Remember as we discussed earlier not every day will have several trades so why not make the most of your time? This is not a get-rich overnight scheme you need to be patient and realistic with your time and expectations. Take a step at a time and you focus on strategy during these periods and you’ll see wins become consistent and so will your profits.
Summary: Part Time Investing
We have been trained through society that our wages are determined by the number of hours we put in rather than the amount of work we put in. People who are W2 employees are trained to trade time for money. Those who elect to go the independent contractor route decide they want to fire their boss and work for themselves. With 1099 your income is always limited and if you don’t show you can’t produce. But what makes investing so special is that you make money work for you. I can teach you how to day trade like the top 10% without a complicated strategy or any technical indicators, even if you are a beginner.
When it comes to day trading, we need to shift our mindset. Because you don’t need to invest a lot of time to make a lot of money. When trading stocks the less time you waste, the more you can get done and the more profit you can make. The MK VIP training has plenty of resources to help you get started on reaching your day trading goals. My goal has always been to mentor as many day traders to achieve their personal financial goals, whether they are novice traders or experienced traders. I can teach you the best trading strategy that if you put in the work and practice, you will have consistent winning trades.
I teach the working class how to earn $10,000 a month through day trading. I believe everyone should have the opportunity to become their boss, plan out their entire day, and only work as much or as little as they want. I help my students avoid the challenges I faced when I first became a day trader. As of now, MK Financial LLC is already the #1-day trading coaching business in the US in just one year. You are just a click away from learning what you need to do to make more money. You can trade stocks part-time and finally have time and money freedom.
Maurice Kenny has helped over 600 people become financially free through one-on-one coaching, mentorship, and options trading strategy. Many of these new traders are now full-time traders, and they all started by watching his 1-hr webinar.
Feel free to check out other FREE educational resources to help guide you as you begin your new journey to financial freedom.
Also, download a (FREE E-BOOK) by Maurice Kenny, “DAY TRADE LIKE A MILLIONAIRE.”