You might be new to trading and are not quite ready to make the leap and give up your current employment. We will discuss some part-time trading strategies, so you can not only explore this realm and be successful, but also learn balance. Remember that a part-time job doesn’t have a set number of hours per week. Many day traders only trade part-time for a few hours; trading for one to three hours per day. Balance is important because it messes less stress and improves your mental health. Some traders even less than that; it will all come down to the amount of time you are willing to dedicate to this.
You first need to look at your life and mentally make a map of the things that are important to you and others that you have unknowingly let become your everyday habits. You need to eliminate things that you do that aren’t really constructive or lead to your growth. That way, you can incorporate trading that will actually be a positive addition to your life. Social media alone might be taking up too much of your time and eating up some of your valuable time. The reality is, that people, make time for what is important to them; if being financially secure is important to you, then you will find a way to incorporate part-time trading strategies.
Time
Time is set, since you only have a certain amount of it; you can make more money, but you can’t make more time. So, you have to be smart and use your time wisely as life sometimes creates time constraints. The stock market opens is most volatile in the morning 9:30 am-11:00 am and in the afternoon 3:00 pm; an hour before the market closes. So, if you are going to trade, this would be the best time to set aside. If you can only go on for a short period of that time, it’s perfectly fine. This is not a get rich overnight scheme, you need to be patient and realistic with your time and expectations. Remember, you can’t do everything today; but you can take one small step at a time and create your own trading style.
The stock market is not open on the weekends and if your account is under $25,000 you are limited to only three trades a week anyway. You can still trade at other points in the day, but you want to make the most out of your time. It just has been seen that these specific time slots are most profitable for traders; once again, use your time wisely. Research shows that the average social media usage time a week is 2hrs and 27 mins. That time is spent that may be a break for your mind, but is it making you money or growing your portfolio?
You have to take a moment to step back and evaluate what is important to you? Will the time I commit to any of these other non-prioritizing parts of my life benefit me in the long run as trading could? Are there other things possible avenues to leave your full-time job? Working remote frees up more time for yourself, your family, and higher income; wouldn’t you prefer that for yourself and your loved ones? Everyone’s own experience is different, only you would know what works for you on a part-time basis.
Dedication
If you decided that you are going to trade part-time, then make sure you are truly committed. You don’t want to do this casually because complacency leads to mistakes. Periods of inactivity lead you to be less sharp and lose track of trends in the market. Even if you don’t get into a trade at least have it pulled up and when you have time go to the platform and identify your major zones. Even if it is after hours, your chart will still show you that day’s results, and they can be useful for the day you are free to enter into a trade. The last thing you want to do is get yourself in the pattern of making some money but then losing it all.
Trading can be an emotional roller coaster, the important thing is to not let loss or greed consume you. You have to follow a tested strategy every time and like anything you want to get better at you have to practice. Anything worth having takes effort, so don’t get discouraged when you’re facing an uphill battle. I can teach you the best strategy that if you put in the work and practice, you will be a successful trader for at least 80% if not more of your trades; winning trades. As far as the work and time you’re willing to put in to make this a game changer for you; that part is in your hands.
Summary: Part-Time Trading Strategies
So, you have learned that is it possible to pursue day trading with part-time strategies. That it is important to identify productivity peaks in the market Also, you will need to have a plan and a tested strategy to be successful. You also learned that you have to dedicate time to this if you are going to be fruitful and be able to gain a consistent income with this. How successful you are really is about how much time you dedicate to it and what you are willing to sacrifice to achieve it. You can buy an expensive violin, but you can’t buy ten years of practice.
Any training is initially difficult because it is new. But with persistence, practice, we can master the art. My goal has always been to help as many day traders achieve their personal financial goals, whether they are novice traders or experienced traders. The MK VIP training has plenty of resources to help you get started on reaching your day trading goals. Any training is initially difficult because it is new and new can sometimes be overwhelming. However, with persistence, practice and guidance we can master the art. I am confident that several of you reading this article have the skills needed to learn this simple strategy and take the step to changing tour life for the better. The next step is in your hands, looking forward to taking you on as one of my students.
Learn More
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.”
