Fitting life around trading. Anyone change style to scalping? | Forex Factory

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Fitting life around trading. Anyone change style to scalping?

  • #1
  • First Post: Dec 13, 2022 4:35am Dec 13, 2022 4:35am
Hello good people of fx.

I need help.

right now I have a young family and it’s making it almost impossible to execute my style / strategy.

It’s taken me years of refining (mostly refining the way I think) to get to this point.
i have really only just started making good profits and of course understanding more the market.

the big problem is my style involves me pretty much being glued to the screen for a solid 2-4hrs (a session) and because of family commitments, this isn’t possible.


I am therefore asking if anyone has had similar issues and how they overcame this? Did you switch to short time frame scalping?

so far I can only think that my only option is start all over again and become a “hardcore scalper” and try to scalp for 30mins then call it a day.
I’ve done this before and found it too stressful and very easy to revenge trade etc.

the other option is I just wait this period out until things are calmer.

what do you guys think?
  • #2
  • Dec 13, 2022 4:41am Dec 13, 2022 4:41am
Quoting PippityPips
Hello good people of fx. I need help. right now I have a young family and it’s making it almost impossible to execute my style / strategy. It’s taken me years of refining (mostly refining the way I think) to get to this point. i have really only just started making good profits and of course understanding more the market. the big problem is my style involves me pretty much being glued to the screen for a solid 2-4hrs (a session) and because of family commitments, this isn’t possible. I am therefore asking if anyone has had similar issues and how...

yes, if you want to be successful, your wife has to do it. only then can you earn real money.
my experience
  • #3
  • Dec 13, 2022 3:19pm Dec 13, 2022 3:19pm
Quoting PippityPips
Hello good people of fx. I need help. right now I have a young family and it’s making it almost impossible to execute my style / strategy. It’s taken me years of refining (mostly refining the way I think) to get to this point. i have really only just started making good profits and of course understanding more the market. the big problem is my style involves me pretty much being glued to the screen for a solid 2-4hrs (a session) and because of family commitments, this isn’t possible. I am therefore asking if anyone has had similar issues and how...
You cannot force the market to give you pips, you must wait for your setup.

If you are based in OZ then your "days work" (could) look like this

1, wake up at 8am and wait for Asian open - wait for your set up

2, take a break at 3pm and wait for Europe open - wait for your set up

3, continue to work through to 9pm while New York opens and if you have not had your set up, continue to work through to about 4am the following morning while - waiting for your set up

Why? because there will come a time when you will realise you cant force the market to pay you, but you must still pay your rent, bills etc etc. Even if you trade 5 min charts its possible you could still work all day and still lose money.
life is a reflection of what we allow ourselves to see
  • #4
  • Dec 13, 2022 3:24pm Dec 13, 2022 3:24pm
Quoting mikeeating
{quote} You cannot force the market to give you pips, you must wait for your setup. If you are based in OZ then your "days work" (could) look like this 1, wake up at 8am and wait for Asian open - wait for your set up 2, take a break at 3pm and wait for Europe open - wait for your set up 3, continue to work through to 9pm while New York opens and if you have not had your set up, continue to work through to about 4am the following morning while - waiting for your set up Why? because there will come a time when you will realise you cant force the market...
i dont think you understand. id suggest reread the op. nevermind, thanks for trying.
  • #5
  • Dec 13, 2022 3:30pm Dec 13, 2022 3:30pm
Quoting PippityPips
{quote} i dont think you understand. id suggest reread the op. nevermind, thanks for trying.
what I deduced from your statement is that you dont want to :work "2-4 hours" a day, but maybe I read that wrong.

you do realise that trading involves work right?

the big problem is my style involves me pretty much being glued to the screen for a solid 2-4hrs (a session) and because of family commitments, this isn’t possible.
life is a reflection of what we allow ourselves to see
  • #6
  • Dec 13, 2022 5:32pm Dec 13, 2022 5:32pm
Quoting mikeeating
{quote} what I deduced from your statement is that you dont want to :work "2-4 hours" a day, but maybe I read that wrong. you do realise that trading involves work right? the big problem is my style involves me pretty much being glued to the screen for a solid 2-4hrs (a session) and because of family commitments, this isn’t possible.
your reading comprehension is so poor.
  • #7
  • Dec 13, 2022 5:37pm Dec 13, 2022 5:37pm
Trade on a higher TF, with trades on for longer, such as a few hours, days, weeks. What's the rush? If you don't have time to be focused on short-term trades, then don't. It's your choice.

I think people really over complicate trading, but ti doesn't have to be that way.

If you don't have the time to dedicate to doing trading they way you do it now, then perhaps you need to just re-think how you trade and make that work.
  • #8
  • Dec 14, 2022 2:32am Dec 14, 2022 2:32am
Quoting PippityPips
{quote} your reading comprehension is so poor.
your explanation is so poor!
Read what you wrote. You have to take care of the family and you don't have time for trading and ask in a forum how to do it.
  • #9
  • Dec 14, 2022 2:55am Dec 14, 2022 2:55am
Firstly, I would like to say having a family and focusing on trading is not an easy task.
Instead on reducing your screen time you should improvise and either trade at night, it would be comfortable for you cause then you can focus more on your trading and take as much time as possible.

FX-PEE...
  • #10
  • Edited 4:30am Dec 14, 2022 4:18am | Edited 4:30am
Are you seriously suggesting you can't find 2-4hrs a day to work beacuse of family commitments? Most people work 8hrs+ a day remote from home, ie at the office/whatever and they too have kids/childcare to organise. We have to work (or most of us do) to maintain our lives and support our families, so you simply have to fit in if you want to make any money from this trading activity. Pack the little brats (I'm assuming it's a childcare thing,?) off to boarding school or daycare, or employ a nanny so you can work to do this, in the way that is making money for you/your family. If you are making money from your current way of trading, involving 2-4hrs screentime then you would be foolish to change it. Also if you have a wife/partner tell them to 'man up' and do their part too! I too trade full time (scalping) from home, and lock myself away in my home office for 4hrs a day minimum. I have the discipline to do this with no family interruptions, and they know this is 'work time.' It's what pays for everything.
Trader with an Edge.
  • #11
  • Dec 14, 2022 5:32am Dec 14, 2022 5:32am
Quoting PippityPips
Hello good people of fx. I need help. right now I have a young family and it’s making it almost impossible to execute my style / strategy. It’s taken me years of refining (mostly refining the way I think) to get to this point. i have really only just started making good profits and of course understanding more the market. the big problem is my style involves me pretty much being glued to the screen for a solid 2-4hrs (a session) and because of family commitments, this isn’t possible. I am therefore asking if anyone has had similar issues and how...
if you are an adult, you should be able to decide for yourself how long you want to work (trade).
don´t follow me,you will loose your moneyy
  • #12
  • Dec 14, 2022 5:46am Dec 14, 2022 5:46am
Quoting PippityPips
Hello good people of fx. I need help. right now I have a young family and it’s making it almost impossible to execute my style / strategy. It’s taken me years of refining (mostly refining the way I think) to get to this point. i have really only just started making good profits and of course understanding more the market. the big problem is my style involves me pretty much being glued to the screen for a solid 2-4hrs (a session) and because of family commitments, this isn’t possible. I am therefore asking if anyone has had similar issues and how...
This right here is one of the main reasons people turn to automation.

Start spending 60mins a day learning to automate, it will save you your life.

I learnt to code MQL5 using this guy on YouTube.
Inserted Video


Legit just search on Youtube "MQL5 ...... " whatever it is you need. Took me about 2 weeks to gather mostly what I needed to start doing a simple grid system.


But if learning to code is just not for you there are other options like this guy who creates automation without code.
https://www.youtube.com/watch?v=ZNv-yrvZjrU&ab_channel=TradeView



Either option, write your rules down and start creating them one by one. A Massive task is just a heap of small tasks.
  • #13
  • Dec 14, 2022 6:26am Dec 14, 2022 6:26am
Quoting trading007
{quote} This right here is one of the main reasons people turn to automation. Start spending 60mins a day learning to automate, it will save you your life. I learnt to code MQL5 using this guy on YouTube. https://www.youtube.com/watch?v=T78Q...Ren%C3%A9Balke Legit just search on Youtube "MQL5 ...... " whatever it is you need. Took me about 2 weeks to gather mostly what I needed to start doing a simple grid system. But if learning to code is just not for you there are other options...

  • #14
  • Dec 14, 2022 6:38am Dec 14, 2022 6:38am
Quoting PippityPips
{quote} i dont think you understand. id suggest reread the op. nevermind, thanks for trying.

I can imagine you are already working 8-10 hours a day at a real job, then get home and want to work another 2-4 on the markets.

People did not understand this part.
  • #15
  • Dec 14, 2022 7:25am Dec 14, 2022 7:25am
This thread is going downhill... Well, if your family have problems with you sitting at computer for 4 hours a session, then it's very weird. If you are making money, can't you just tell them that you need to work?

If your wife was at home with child and you've been working 12 hours a day, this wouldn't be a problem? People need to work. And if work is trading forex, then you should just do it.

I don't get it.

SF
  • #16
  • Dec 14, 2022 7:55am Dec 14, 2022 7:55am
Quoting trading007
{quote} I can imagine you are already working 8-10 hours a day at a real job, then get home and want to work another 2-4 on the markets. People did not understand this part.
The thread starter doesn't make it clear that this is what he is doing, ie holding down a full-time job then getting home and starting to trade, as you suggest. I assumed it is his main employment activity. If the former situation, as you describe is the case, then it boils down to how much they want to sacrifice to reach their trading goals, ie of their family life/time?
Trader with an Edge.
  • #17
  • Dec 14, 2022 8:50am Dec 14, 2022 8:50am
The real answer is, he doesn't make money trading or then its just a user created by the FF to produce some traffic.
Lets focus only on the first part of the answer

Now that he has a new member in the family, someone called him to attention that its time to participate with time and money to the family.
But he doesnt want to give up his dream of making money from trading and he thinks he is very close to it
He still doesnt know but unfortunately the dream is just an illusion

My advice is, forget about forex and concentrate on your family.
Find a job that is your main source of income or keep it if you already have one, its getting harder and harder to find one
Only then, and if you still have time, invest some money that you dont need and could even lose it, in forex market or other market
Who knows you get some extra money to add to your main income

Best of luck to you and your family
Uncertainty of the market must be embraced and accepted.
  • #18
  • Dec 14, 2022 9:46am Dec 14, 2022 9:46am
Why not just trade higher timeframes like the daily or weekly chart? Takes far less time and you might be less prone to making mental mistakes.
  • #19
  • Dec 14, 2022 11:00am Dec 14, 2022 11:00am
Quoting trading007
{quote} I can imagine you are already working 8-10 hours a day at a real job, then get home and want to work another 2-4 on the markets. People did not understand this part.
yeah close. I already run a successful business but this is from home. It only takes me an hour or two a day of work. This is my guaranteed income.

My business is safe but it doesn’t scale well ( it’s not lambo money, more mondeo money). I realised the potential scaling opportunity with trading.

Thanks for everyone who had a positive contribution. I’ve decided to give scalping the open a go.

also lmao at the guy who said I’m a bot created by ff for traffic remove the tin foil hat. You better make sure you don’t set a stop loss… you know they hunt for your order right…
  • #20
  • Dec 14, 2022 11:32am Dec 14, 2022 11:32am
Quoting PippityPips
Hello good people of fx. I need help. right now I have a young family and it’s making it almost impossible to execute my style / strategy. It’s taken me years of refining (mostly refining the way I think) to get to this point. i have really only just started making good profits and of course understanding more the market. the big problem is my style involves me pretty much being glued to the screen for a solid 2-4hrs (a session) and because of family commitments, this isn’t possible. I am therefore asking if anyone has had similar issues and how...

I understand what you mean, your desires to achieve success in trading are so great and your availability is so limited that you feel frustrated, you believe, you know or you feel that you could do well, but you have the great problem of time. I have felt something similar for a long time. But hey! Remember, no success in life makes up for failure at home. The best thing is that if you are so passionate about it, try to find temporary spaces that are compatible with your family situation, such as the daily chart, relax and enjoy your family, maybe life will change and tomorrow you will have the time you want, but don't force things , you will make bad trades if you do so . Perhaps if you have an hour every day (always the same hour) you can operate the openings, just a couple trades and call it the day but if not, don't worry…everything will come if it has to. Put priorities in your life and think, what really matters most to me in my life?.
Take care !
“Stops don’t limit profits — they prevent disasters.”
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