How working the 9-5 can actually improve your trading

It sounds too good to be true – earning a good second income from just thirty to sixty minutes trading a day. It is a classic less is more scenario, and it fits perfectly around other commitments.

Intuitively however it doesn’t seem to make sense. Making money as a trader, one feels, is about trading, snatching opportunities to get into the market and keeping one’s eyes peeled for the flow of set-ups. How on earth do you make time to do anything else?

Well, yes, you can spend your time glued to the charts, and if you trade small time frames then in front of the charts for a good part of the day you will be. But this comes at a cost for the inexperienced trader. You will be exposed to multiple small price movements that have only a limited pay-off. It will inevitably result in over-trading, a term used to describe jumping in and out of the market chasing set-ups that shouldn’t be traded, higher stress levels, resentment as you start to blame everything for the ongoing losing streak you seem to be stuck in, over analysis and a sense of being paralysed and not quite knowing how to break the cycle. Eventually your account will be bled dry, or you may simply stop before that happens. It sounds dramatic, but it happens all too often. People teaching themselves to trade, diving in and out of the market without a proper trading strategy and sense of discipline, becoming increasingly frustrated as they witness their account being slowly drained.

Now the beauty of trading an End of Day strategy is that it takes all this pressure away! You only look at the market twice a day, first thing in the morning when you review what has happened overnight and whether any of your price action set-ups formed in line with the trend, and again in the evening before bed asking the same questions and performing the same logical analysis as you did in the morning. Between these twice-daily routines you are at work and pursuing your normal daily commitments away from the charts and the temptations of meddling and overanalysing. Your daily life continues normally.

The advantages of this approach, particularly for the novice trader, is that you get clearer signals, mental clarity and piece of mind that is not really feasible for novice traders on small time frames, and your daily life and commitments continue normally. The result is that you are far more likely to grow your account.

First things first however, and a solid understanding of price action trading patterns together with an overall understanding of price action strategy are essential. The higher time frames (daily and weekly) are our speciality so leaning these key price action strategies is easily achievable. It genuinely offers a pleasurable and relaxed approach to trading that doesn’t encroach on your normal daily work and commitments.