How To Trade PART TIME with a Full Time Job ft.@ryanpdt | Humbled Traders

TL;DR

Learn how Ryan, a part-time trader with a full-time job in the visual effects industry, has found success in trading part-time and how he balances both careers.

Transcript

I'm going back to my job now that's a good point I've been asking myself that you know let's say if I do full-time day trading I can go anywhere in the world right you're telling me I made so much money I still have to go to work and make that 200 a day that was the top part and also like let's say I lost money in trading I don't want to go to work... Read More

Key Insights

• ⌛ Trading part-time while having a full-time job can offer a good work-life balance and stability.
• 🔊 Focusing on high-volume stocks with a price range of $10 to $75 can provide more opportunities for profitable trades.
• 🦮 Using daily and weekly levels as support and resistance can help guide trading decisions.
• 💋 Maintaining proper risk management and sticking to a trading style that suits one's schedule and abilities is crucial for success.
• 📰 Joining trading communities and using simulators or paper trading can be beneficial for new traders.
• 🏃 Copying trades from experienced traders can be appealing, but developing one's own skills and strategies is important in the long run.

Questions & Answers

Q: How does Ryan balance his full-time job and part-time trading?

Ryan wakes up at 6 AM, spends about 30 minutes preparing, and trades the market open for about an hour before going to work. This routine allows him to have a proper work-life balance.

Q: What kind of stocks does Ryan trade?

Ryan focuses on high-volume stocks with a price range of $10 to $75 and at least 100 million floating shares. He prefers trading larger-cap stocks, as they offer more opportunities and liquidity.

Q: How does Ryan determine his entry and exit points?

Ryan uses daily and weekly levels as support and resistance. He also monitors the pre-market volume and identifies stocks with a strong gap-up or gap-down percentage. He enters the trade on the second or third candle and sets an auto stop-loss to manage his risk.

Q: Does Ryan plan on quitting his full-time job to trade full-time?

While Ryan has thought about going full-time in trading, he currently enjoys his job in the visual effects industry and values the work-life balance it provides. He may consider transitioning to full-time trading in the future, depending on his financial goals and circumstances.

Key Insights:

• Trading part-time while having a full-time job can offer a good work-life balance and stability.
• Focusing on high-volume stocks with a price range of $10 to $75 can provide more opportunities for profitable trades.
• Using daily and weekly levels as support and resistance can help guide trading decisions.
• Maintaining proper risk management and sticking to a trading style that suits one's schedule and abilities is crucial for success.
• Joining trading communities and using simulators or paper trading can be beneficial for new traders.
• Copying trades from experienced traders can be appealing, but developing one's own skills and strategies is important in the long run.
• Balancing a full-time job and part-time trading requires effective time management and discipline.

Summary & Key Takeaways

• Ryan is a part-time trader and full-time visual effects artist who has been trading for over four years, focusing on the U.S stocks market open.

• He chose to trade part-time while maintaining his full-time job to pursue his passions in both the stock market and the film industry.

• Ryan's trading strategy involves using daily and weekly levels as support and resistance, and he focuses on high-volume stocks with a price range of $10 to $75.