If you have a 9 to 5 job, you can still be a profitable trader by following a few steps. You want to figure out which trading style fits you best as some people like to be swing traders and others like to be day traders. You also have to be able to improve over time and the way to do this is to understand what problems you have as a trader and implement a plan to fix them. Finally, understand that trading is something that will benefit those who have the ability to be patient.
- Make sure that you gain structure with your trading and aren’t constantly changing your approach and moving from timeframe to timeframe.
- When you become a trader, you want to make sure that you create a vision and strategy for your trading in terms of both the short term and the long term.
- Make sure that you are following trends and learning from your previous mistakes as you want to improve over time as a trader.
“Trading can be very lonely and if you don’t have people around you that help you grow, trading can become very frustrating. And even if you are in contact with other traders, often it’s not supporting your development as a trader.”