The secret of successful part-time traders

[oseikuf44]

As a successful part time trader, you must balance work and trading by cutting down time for unncessary items on your schedules. Reducing social media presence for an hour a day can go on to add some time resource for your trading activities or even reviewing charts.

[goaldigger]

The best rhing about it is that you.dont need to quit you job just to trade. You can still do trading even at work earning fixed income for a living and a passive income for investments. You just need to have a time management where you didnt miss anything on your work, same on the trading.

[valera10]

For me, one of the most important secrets of trading in crypto is one of the most basic factors is intuition. With intuition, trading crypto is very useful.

[Leonard2016]

well this article which seems to be same as OP with different words is explaining the same rules (7 of them) in a better way: https://www.babypips.com/trading/part-time-forex-trading-20180214
but the internet is filled with these stuff: https://www.investopedia.com/articles/trading/10/top-ten-rules-for-trading.asp

these are all talk and none of them would help any beginner to learn how to become a successful trader. in my experience people have to start trading to actually learning things. if you are trading Forex,... there are always demo accounts you can use to not even use your real money! and in cryptocurrencies you can always start with a very small amount of money and don't risk anything big.

I'm agree , you would never learn much if you don't start , it is like driving , no matter how many books you read about it , you wouldn't learn if you don't drive an actual car!

[rajapatr1]

People do not have a solid strategy, they are just following the money that is above their eyes, that is the main reason of why they start losing money just when they start trading.

[Activitycoin]

well this article which seems to be same as OP with different words is explaining the same rules (7 of them) in a better way: https://www.babypips.com/trading/part-time-forex-trading-20180214
but the internet is filled with these stuff: https://www.investopedia.com/articles/trading/10/top-ten-rules-for-trading.asp

these are all talk and none of them would help any beginner to learn how to become a successful trader. in my experience people have to start trading to actually learning things. if you are trading Forex,... there are always demo accounts you can use to not even use your real money! and in cryptocurrencies you can always start with a very small amount of money and don't risk anything big.

I'm agree , you would never learn much if you don't start , it is like driving , no matter how many books you read about it , you wouldn't learn if you don't drive an actual car!

Exactly it is true you will have to learn by yourself as no one will work for you so I think it is good time that you should start trading and get more profit than before, for starting just take your money and invest in long term trading, before trading try to increase your knowledge and your skills about trading, trading needs only knowledge, skills, money, and patience to become a good and successful trader.

[Coinnosaurus]

I think you can't do very well any part-time job especially trading you have to be glued to the markets and news to make successfull scalps

[Moiyah]

You've shared the secret of your success, hence I can really say that I am lacking of time management. Aince I have a full time job and I am just a part time trader, I should have manage my time smartly so I can follow your steps. I also didn't know about forex community, glad you shared your secret so I may join them for  my additional knowledge about trading.

[bitcoin31]

This very helpful to those people who are busy to their job or or being student. Im student and I have only few hours in trading after school but even Im busy I can do still trading because I have time managements and I do fulltime trading during weekend. But during week days only few hours that I spend.

[metalglowd]

         1. Define your method of transaction and style

The biggest problem for part-time traders is the amount of time used for trading. If you can only spend one hour per day for trading, it will be very difficult to make actual profits. You must have a clear plan. What would you do in an hour? Will you trade in scalping or long-term or mid-term? Asking yourself these question, having a detailed plan for trading, then choose the best method.

i think we need to keep adaption with any style of trading itself, because the fluctuating market price can make all the plans we previously made for long-term can turn into scalping, because there could be FUD info

[bitterguy28]

I think the secret of the part trader is luck because trading day trading is need to monitor and focus what is the possible coins going to increase according for the self analysis, The part trader's one of secrets is brave even do have no a lot of time to learn what is coins become profitable they gamble their investment and ready to accept their loses.

[asyakashi]

I think you can't do very well any part-time job especially trading you have to be glued to the markets and news to make successfull scalps

A part-time job just to earn extra money, so a suitable trade is a long-term trade. and focus on reliable coins such as eth, ltc, eos, eon doge and still many coins that are suitable for trading.

[Roukawa]

This is my list:
1.For time management and productivity,use the Pomodoro technique or the 5217 technique (google them,if you want).
2.Read the best 3 books about forex trading.I`m not going to recommend you any books,just do some research.
3.Find a mentor,who is willing to provide free info about his trading experience(tips,tricks,mistakes,failures).
4.Learn technical and fundamental analysis.
5.Learn how to overcome the frustration and panic,when the market crashes.

Being good at trading makes us more profitable and lessen the misfortunes about loss. I just want to be a trader someday who can earn above $1000 per month. Somewhere I think that it is good to be a trader right now than to be a bounty hunter. In bounties, we are just wasting our time with useless rewards while trading helps us to earn but we need to be a specialized trader only before we can go along to the market.

[Chachen19]

all of the points you have mentioned (great post by the way) revolve around the fact that you need to know what you are doing. and so I think as long as you have a clear plan that works for you, you should just stick to it. and it's also important that you learn a lot, because it's a very vast field we're being initiated in here.

secret of the transactions of the family transactions are they have they have an alias of their they know the target as the same direction of the same time that are not good information and have the undefined the default terminated and important has fields

[thanhphank34]

Thank you for sharing. I'm thinking about quitting my current job and trade for all time - This post will help me a lot in making the decision.

[mornabo]

As a successful part time trader, you must balance work and trading by cutting down time for unncessary items on your schedules. Reducing social media presence for an hour a day can go on to add some time resource for your trading activities or even reviewing charts.

Yeah I think you just need to adjust the time between work and trading, reduce the time in social media, because I know most people nowadays spend more time in social media, you can use that time to do parttime trading, actually the key is to manage time correctly, to balance between regular job and trading

[nguli]

it seems that suitable to be the main key to success in the world of trading is you must be able to control your patience and you should be able to not easily affected by bad news.

[qwirtiii]

         1. Define your method of transaction and style

The biggest problem for part-time traders is the amount of time used for trading. If you can only spend one hour per day for trading, it will be very difficult to make actual profits. You must have a clear plan. What would you do in an hour? Will you trade in scalping or long-term or mid-term? Asking yourself these question, having a detailed plan for trading, then choose the best method.

         2. Maximize your transaction time

As mentioned, time is the key. Time management is an important skill for traders, especially in the early stages. In addition, you must have a specific plan to improve your trading skills such as review charts, backtest tools, and tracking basic economic information to make a critical analysis. Even in the bear market, maybe all it needed is to sit down and do those things above because you would not trading anyway. Be patience and chances will come.

       3. Improve your specialized knowledge

Because your transaction time is limited, you need to gaining trading knowledge and experiences by reading a book or consult an expert analysis.You need to build scripts for your strategies from different perspectives and always control your emotions when making forecast.

     4. Keep your head cool

You are not a robot and you cannot follow the price chart 24/7. If you miss a chance, lets it be and move on. Trading is long-term and opportunity is one thing that market never lack of.

      5. Join the professional Forex community

Due to the popularity of Forex forums, you will not be alone in trading. Take time to participate in forums and learn from professional traders. They may point out things that have yet known. TraderViet.com is a great community. Definitely check that out!

       6. Clear trading plan

A trading plan can maintain a relaxed and prepared state in trading. As planning ahead, you will likely to have a wider and further vision of the market, wasting less time on monitor price charts. It helps keep you calm and abides by the rules you set. A complete trading plan will help you accumulate more profitable and faster on the way to becoming a professional trader.

That’s all of my secrets, what do you think?

Well, I guess That's all True that is the secrets of being professional in terms of trading or cryptocurrency.Yes, Im not a professional trader for now but i hope soon i will  be. And as this passage says "time is the key. Time management is an important skill for traders, especially in the early stages" We must manage our time in trading especially when we have our current work. And when you are on early stages, of course you need more time to know more about bitcoin.You can read or you can ask a question to those people who know more about bitcoin.

Yes, We are not a robot we need rest. So that , Give our self a rest and vacation that is the important . Trading is not easy we need to think and use our brain in here.

[futile-resistance]

This is my list:
2.Read the best 3 books about forex trading.I`m not going to recommend you any books,just do some research.
3.Find a mentor,who is willing to provide free info about his trading experience(tips,tricks,mistakes,failures).

I believe these two suggestions really cut the learning curve. I suggest all people take it seriously because it will make a big leap ahead for us. Especially the third option, A mentor is a really valuable person once they willing to help us, they will definitely share his/her a long tedious and steady experience to help us to be better.

A part time trader can get maximum profit in a very little time interval if he has the knowledge of the market to put the decisions on time and to act accordingly. Trading at day time is the same as trading at night time because the system is open service and all you can do is to make decisions either in day time or night time. Trading will payoff if you follow the market rules regardless of the time.

[knightmairesaint]

This is my list:
2.Read the best 3 books about forex trading.I`m not going to recommend you any books,just do some research.
3.Find a mentor,who is willing to provide free info about his trading experience(tips,tricks,mistakes,failures).

I believe these two suggestions really cut the learning curve. I suggest all people take it seriously because it will make a big leap ahead for us. Especially the third option, A mentor is a really valuable person once they willing to help us, they will definitely share his/her a long tedious and steady experience to help us to be better.

A part time trader can get maximum profit in a very little time interval if he has the knowledge of the market to put the decisions on time and to act accordingly. Trading at day time is the same as trading at night time because the system is open service and all you can do is to make decisions either in day time or night time. Trading will payoff if you follow the market rules regardless of the time.

Yes a part time trader can get that big amount of profit but it is not going to be easy. I believe that the knowledge on how we are going to do trading is very much available but it requires time and effort for us to understand. We may understand but there are people who experience problems executing and planning how they are going to gain profit.

We can be traders but we cannot be all successful traders. I don't know if there really is a secret to be successful in this part but what I know is that some people are able gain what others can't because of knowledge, strategy and skills.