And while doing so, maybe you will even learn to trade....
TRADING IS NOT ABOUT MAKING OR LOSING MONEY BUT ABOUT DOING THE RIGHT THING. DO THAT AND THE MONEY WILL FOLLOW
got a question for you.i believe you have a full time job. then how do you trade while working. do you set triggers and then you buy? instead of watching the stocks whole day which is nearly impossible when we have fulltime job. please explain how you do itthank youtrader_mba @twitter
You got it right about me having a full time job. I wish I could trade full time but that's not the case, at least for now. But I do have a certain advantage that being in the research field, I pretty much keep my own timings apart from when teaching. But even then, as my main method of trading is by watching the tape, having a full time job is indeed a hindrance when it comes to trading. One way I overcome this is by being a swing trader rather than a day trader. Secondly, I prefer having mental stops but I always have hard stops in place when I cant follow the market. I learnt this the hard way in January when I was away from my desk just for a little while and suffered a heavier loss than I had planned. On the other side, not being a full time trader can have its benefits in the sense that you concentrate mostly on the important levels and ignore a lot of the noise. As for buying, I try to not set triggers for that. If I miss an opportunity, so be it. There will be new ones the next day.Hope this answers your question somewhat!
thanks,that gives a good picture.
Thanks for the list. Do you use a stock screening website to simplify things or? Thanks.
I use finviz.com.
Thanks for sharing your way of juggling a fulltime job and trading. It helps. You are a very generous spirit.
Thanks for the kind words Ying! I am glad if I can be of any help.
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