How To Be Profitable As A Part Time Trader

[moonchild]

A part time trader is a trader that isn't invested in trading, that means he don't get to sit at the charts 24/7 like the day traders or scalpers, these type of traders are mostly position traders and they focus on other aspect of their lives, maybe running an actual business or doing a business they enjoy, while making a killing in the markets.

To be a part time trader you have to be willing to be patient for a very long time, because you will be taking a position that might take like a month before you can actually turn in a sizeable profit.

To be profitable as a part time trader you have to erase lower timeframes completely from your memory if you want to enjoy trading, you have to start looking from daily time frame to weekly, even the 8hr time frame is very risky, you can be checking your trade daily to help with direction.

As a part time trader, if you want to be profitable you have to start out with a sizeable account because you'll be using larger stops which means drawdowns are inevitable.

Part time trading is actually fun if you do it well.

Hope you enjoyed this article, leave a feedback.

 

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