How to Trade PART TIME while Working a Full Time Job- Grow your Small Trading Account in 2021
Trade with me: https://humbledtrader.com
Get my FREE Trading Journal + Weekly Watchlist: https://www.humbledtrader.com/free
How to day trade part time while working a full time 9 to 5 job? I explain my process doing so when I was building my small trading account.
🔽Time stamps:
1:04 Premarket trading routine on the west coast
5:04 Power hour trading: Research for stocks to buy overnight swing
7:17 Evening studies: Research penny stock runners, earnings, offerings
9:58 Trading with range orders/ bracket order/ OCO order
11:24 Financial stability. DO NOT quit your job to trade
1. When's the best time to trade stocks as a part time trader with a 9 to 5 job?
When I was working my 9-5 and trading, I would wake up at 5am PST to prepare for my morning watchlist and do my research. Sometimes I'll do some premarket trading but most times I like to wait to trade at the market open.
Trading the open is the ideal time for part time traders because you get immediate follow through on the morning gappers, both with penny stocks and large cap stocks long and short. After trading for about 2 hours then I will go to work.
I did not like to trade at work because there was no way I could watch the stock movements during intraday trading. So I would research stocks closing strong on the day to buy and swing overnight. If you buy a stock overnight, that does not count as a day trade under PDT rule.
2. Use range orders/ bracket orders/ OCO orders when trading.
Most trading brokers have these order types, that allow you to attach stop loss order and take profit order when you are in a position long or short. And when one order get's hit, your trading broker will cancel the other outstanding order automatically. Trade zero, Thinkorswim, and Interactive brokers all offer these bracket order types.
3. Keep your job! Make sure to have financial stability.
I would never suggest anyone to quit their job to become a day trader. Day trading is a long term business that requires full time effort. To trade well you need financial stability and finances in control. You should not be relying to day trading income to pay your bills.
Quitting your job to become a day trader full time is extremely stressful. Do not do so until you've had consistency in day trading and know the best strategies suitable for yourself. Trading full time requires a lot of market tuition upfront. Keep your job, save up, and learn to day trade part time to slowly grow your small account.
Answering Your Day Trading Questions
https://youtu.be/hwu99mgm088
How to Grow a Small Account in 2020 Day Trading
https://youtu.be/OyZuD_pO3ew
🖥️My Stock Scanners & News feed:
Benzinga Pro FREE 14 day trial (use code "HUMBLEDTRADER" to get 25% Off )
http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code "HUMBLED15" to get 15% Off)
https://bit.ly/3rLAfp2
My Trading Broker Platforms:
Cobra Trading (Best broker for shorting stocks, $30K min)
Get 25% off commissions, mention "Humbled Trader" at the time of account opening
https://bit.ly/3iNLqJq
Interactive Brokers: https://bit.ly/2xNpQ5o
🇨🇦Questrade Canada (get $50 FREE commission trades)
http://bit.ly/2GoeUMY
Webull Free Trading app (Get free stocks with $100 deposit)
http://bit.ly/2Lhtd9X
Get My Trading Station Set Up & Favorite Trading Books
https://www.amazon.com/shop/humbledtrader
✅My REAL Social Accounts:
IG: https://www.instagram.com/humbledtrader/
FB: https://www.facebook.com/HumbledTrader
Twitter: https://twitter.com/HumbledTrader18
#daytrading #pennystocks #stocks
___
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 41,800
Видео How to Trade PART TIME while Working a Full Time Job- Grow your Small Trading Account in 2021 канала Humbled Trader
Get my FREE Trading Journal + Weekly Watchlist: https://www.humbledtrader.com/free
How to day trade part time while working a full time 9 to 5 job? I explain my process doing so when I was building my small trading account.
🔽Time stamps:
1:04 Premarket trading routine on the west coast
5:04 Power hour trading: Research for stocks to buy overnight swing
7:17 Evening studies: Research penny stock runners, earnings, offerings
9:58 Trading with range orders/ bracket order/ OCO order
11:24 Financial stability. DO NOT quit your job to trade
1. When's the best time to trade stocks as a part time trader with a 9 to 5 job?
When I was working my 9-5 and trading, I would wake up at 5am PST to prepare for my morning watchlist and do my research. Sometimes I'll do some premarket trading but most times I like to wait to trade at the market open.
Trading the open is the ideal time for part time traders because you get immediate follow through on the morning gappers, both with penny stocks and large cap stocks long and short. After trading for about 2 hours then I will go to work.
I did not like to trade at work because there was no way I could watch the stock movements during intraday trading. So I would research stocks closing strong on the day to buy and swing overnight. If you buy a stock overnight, that does not count as a day trade under PDT rule.
2. Use range orders/ bracket orders/ OCO orders when trading.
Most trading brokers have these order types, that allow you to attach stop loss order and take profit order when you are in a position long or short. And when one order get's hit, your trading broker will cancel the other outstanding order automatically. Trade zero, Thinkorswim, and Interactive brokers all offer these bracket order types.
3. Keep your job! Make sure to have financial stability.
I would never suggest anyone to quit their job to become a day trader. Day trading is a long term business that requires full time effort. To trade well you need financial stability and finances in control. You should not be relying to day trading income to pay your bills.
Quitting your job to become a day trader full time is extremely stressful. Do not do so until you've had consistency in day trading and know the best strategies suitable for yourself. Trading full time requires a lot of market tuition upfront. Keep your job, save up, and learn to day trade part time to slowly grow your small account.
Answering Your Day Trading Questions
https://youtu.be/hwu99mgm088
How to Grow a Small Account in 2020 Day Trading
https://youtu.be/OyZuD_pO3ew
🖥️My Stock Scanners & News feed:
Benzinga Pro FREE 14 day trial (use code "HUMBLEDTRADER" to get 25% Off )
http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code "HUMBLED15" to get 15% Off)
https://bit.ly/3rLAfp2
My Trading Broker Platforms:
Cobra Trading (Best broker for shorting stocks, $30K min)
Get 25% off commissions, mention "Humbled Trader" at the time of account opening
https://bit.ly/3iNLqJq
Interactive Brokers: https://bit.ly/2xNpQ5o
🇨🇦Questrade Canada (get $50 FREE commission trades)
http://bit.ly/2GoeUMY
Webull Free Trading app (Get free stocks with $100 deposit)
http://bit.ly/2Lhtd9X
Get My Trading Station Set Up & Favorite Trading Books
https://www.amazon.com/shop/humbledtrader
✅My REAL Social Accounts:
IG: https://www.instagram.com/humbledtrader/
FB: https://www.facebook.com/HumbledTrader
Twitter: https://twitter.com/HumbledTrader18
#daytrading #pennystocks #stocks
___
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 41,800
Видео How to Trade PART TIME while Working a Full Time Job- Grow your Small Trading Account in 2021 канала Humbled Trader
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