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My available trading time will dictate which timeframe
charts I look at when doing my scan.If I’m at a point where I
can be more active,I’ll perhaps look at the hourly charts.If I
can only check in on things once or twice a week,I’ll look to
the daily and/or weekly charts to find possible trades with longer
holding periods.In that way,I can choose the best timeframe for
me to operate in for my schedule at that point.What is more, I
don’t ever have to trade.That’s a major advantage for part-time
traders.Unlike our full-time peers who are under pressure to produce
results every day,we can pick our spots and only go after trades
likely to be big winners.
I’ll take that relaxed approach any day!Let’s face it.Full-time
trading is a commitment most of us will either never be able to
or never be willing to make.That doesn’t mean we cannot make excellent
use of the markets to better our financial situation.Part-time
trading can certainly provide the opportunity to do just that.
About the Author:John Forman is founder of Time
Crunch Trading,a site dedicated
to part-time trading. He is the author of the Amazon Top Selling
book The Essentials of Trading,and a near 20-year veteran of the
markets.
Article Tags: markets,
parttime, trading