Good Morning! If you can't trade full time because you have other obligations … listen up! This is for you.
I know firsthand how tough part-time trading can be.
When I first started, I had young kids and owned my own business. I had to work hard to fit trading into my schedule.
After struggling to balance all my commitments, I found one fast and easy way to get right to the best trades… Read on to find out what it is. Plus, I'll share with you the best patterns to focus on, including one you might not have heard of yet…
Get all five of my part-time trading tips in the video below! If you trade part time, the best thing you can do is nail down which time of day works best for you. The time of day you can trade determines which patterns and setups you'll focus on… Morning Trades Let's look at the pros and cons of trading near the market open.
On the plus side? Tons of volume and volatility.
You can take advantage of big moves as traders pile into stocks with overnight or premarket news.
But that volume and volatility can create challenging, crazy price swings. It's easy to get stopped out of a trade before the stock takes off.
And if you have a 9-to-5, mornings can be difficult times to trade. You may be busy getting ready for work or getting the kids to school. Or if you're like me, you want to catch a morning workout.
If you can make morning trading work — great. You can focus on some of my favorite patterns like…
And be sure to use my '9:45 a.m.' rule to stay safe from the most volatile swings at the open.
Now, personally, I think there are better options for part-time traders… Afternoon Trades In the afternoon, the market isn't as busy and volatile as the market open. I think that's a good thing.
It allows you to focus on executing your best trading plans without worrying as much about getting shaken out by a big pullback. (It's less likely but not impossible. Remember, all trading is risky.)
And if you work, your afternoons might be free … or at least a little less hectic.
But afternoon trading requires different patterns than the morning hours. One of my favorites is the VWAP-hold, high-of-day break.
There's another pattern I've noticed working lately, too…
I suspect it has something to do with Wall Street bigwigs manipulating price action…
And like my VWAP-hold pattern, it typically happens in the afternoon.
VERU chart: 1-day, 1-minute candle — courtesy of StocksToTrade.com Whether you trade full or part time, mornings or afternoons — the last thing you want to do with your precious trading time is waste it in subpar setups.
So put in the work ahead of time and learn everything you need to know about my new afternoon pattern here.
Everyone has the same 24 hours in a day — use it wisely.
Have a great day. See you tomorrow.
Tim Bohen Lead Trainer, StocksToTrade
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*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.
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Thursday, April 14, 2022
Part-time trader? Focus on THIS
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