Part Timers can make money?

Hello all,

Creating a thread for my very, very part time trading. I typically only trade on Friday during London/US session. Every now and then I am capable of taking trades during Aussie and Japan session, but very rarely. I have been trading since 2016 and never been profitable. My last run of trading I made the mistake of mixing two different strategies together. One did well and the other blew my account. That was my fault for not seeing the obvious in it. I have been trading demo for a couple months just focusing on one strategy. It has been a success so far and has really been super easy for my to trade part time with it. I plan on making a real deposit in the next week or two. Once I do that I will update my trade journal with the live account. If there are any other part time traders with day jobs please comment! I dont know anyone personally that trades so therefore dont really talk to anyone about it, would be nice to communicate with others who are striving for similar goals. Thanks for stopping by!

Hello,
I am also trying to trade part time. I have time for the trading just after my normal work, usual it is finish of London session and New York session. I also tried a lot of strategies but didn't find something good and profitable for me yet But, I know I will find it. Can you share your strategy with us? Many thanks

Sakultrader,

Hey thanks for leaving a message! Glad to see I am not the only person here who has very limited time to trade!

My strategy is extremely simple. I use the 4hour and daily time frame to find areas of supply and demand. Once price gets in those areas I look for a trade on the 5 and 15 min time frame, or I setup trades without looking at the 5 or 15 min time frames. Like I said it is fairly simple. I plan on making videos on youtube, not sure if I will do that this weekend but it will be soonish.

Regardless if I can or can't trade, I always mark my zones. If only I was in front of the charts when price entered this zone...if only.

In cases where I don't have much time to watch the markets I have my ea watch my levels. Levels=reference prices and those levels are marked off (of course this can be run on a server 24/7). So think of a chart with pairs of horizontal lines marking off price ranges. The one thing you can count on in trading is that prices will eventually move a significant distance above or below ANY reference price. If its going above the ref, the ea buys, if below it sells, if it has to reverse it reverses. Just like I would do manually. And it's ok if tight stops are hit repeatedly. My profit target is usually further away. The one difference being that while I'm actually watching the charts I can get a better view of the market's price action - so candlestick patterns are watched for also.

Due to my trading style I could easily setup trades in my "zones" while I am away. However, I have a strict rule that if I am not in front of the charts and managing my trade then I don't trade.

Good luck with your EA!

Thanks, that ea has been an invaluable tool. It's true that the amount of control over one's trading is proportional to how much the markets can be watched. Manual is the best if you have enough time and can stick with your rules 100%. The ea helps in those matters - even while manually trading I can run orders through it.

No trades this week. Only day I get to be in front of the charts during London and US session is Fridays. Unfortunately I had to work so that did not happen.

I was fortunate to have some chart time last night and was in front of the charts when this setup occurred. However, I did not pull the trigger. Although I was in front of the charts it was one of the moments when I opened up my brokers terminal price was right in one of my zones. I couldnt pull the trigger due to the amount of time I would have had to actively manage it. The risk reward and being in my zone were all no brainers, hell even knowing that this was the first pull back after a rally that hit a daily supply zone. It always feels good when you decide not to take a trade based off of price action and your right but it hurts when you decide not to pull the trigger based off of the amount of time you don't have to manage the trade. So what all this means is I need to figure out how I can trade full time lol.

Ended up taking a trade yesterday to cap off the end of the month. Trade was an easy trade as price entered one my zones and immediately had a pull back, which you can see I was able to capitalize on. This was a winner which put my account up 24.8% for the month. My goal for the month was hit, I look for 20 to 30% per month. Although I took 2 weeks off because of work I was still able to obtain my goal. That makes me happy. So far the account is up 137%, would be nice to see it up 200% by the end of December. I think its very possible. Good luck trading, some good volatility in UJ and EJ!