Learning how to trade in stocks and create a triple Bollinger bands strategy is a challenge in itself. Add to it the problem of lack of time, and it gets even more difficult.
This is something many stock traders face.
Still with a full-time job and reluctant to take trading full-time, while they do want to become a profitable stock trader, they are usually short in time.
If you’re in the same puddle, here’s how you should go about forward:
1. Set a realistic daily routine
Discipline is the cornerstone of every progress and improvement.
So, if you’re really looking to learn how to trade in stocks, you must be disciplined. You need to have a well-thought daily routine where you allot enough time in activities that would add to your trading skills and make you a better stock trader.
That said, the key here is to set a realistic routine that’s sustainable. You don’t want to stack your days with too many things that it gets overwhelming and stressful; it will never last long.
Take your time and create a routine. When will you analyze the market, when will you set the positions, when will you watch that educational video, and more – be definite.
2. Go for stock market training
When you don’t have enough time, it’s difficult to maintain discipline, consistency, and motivation. Moreover, self-learning will take you only take you so far.
This is where opting for professional stock market training courses get quite important.
The right courses will not only help you learn the basics and technical analysis, but they will also help you systematically grow as a stock trader.
And not to mention, you will learn much faster and better, which will eventually boost your portfolio.
So, enroll yourself in a good stock market training course.
3. Use your “free time” right
During commutes, don’t just sit and listen to songs. Watch some informational videos.
During breaks in your office, don’t sit and scroll through your Instagram feed endlessly. Instead, read articles around stock market.
Every minute brings with it the opportunity to learn. Don’t waste such opportunities; don’t waste even a single minute.
Use your free time to learn more. Read relevant news, watch educational videos, and talk to other traders about market trends.
This doesn’t mean you should sacrifice your leisure. It simply means you should better manage your time to improve your efficiency and productivity.
4. Create a long-term plan
Unless you have a proper plan, you would wander aimlessly. You need a thorough, long-term plan to navigate your trades and progress in the right direction.
The plan must address all the little details, including how you want your portfolio to look in the next 2, 5 and 10 years.
The more thorough your plan is, the clearer your vision will be about your next moves.
Now, of course, creating a trading plan is easier said than done – more so for the beginners. This is one of the things you will learn in your stock trading courses. To that, for the starters, with whatever limited resources you have at your disposal, just have a basic framework that you can expand as you progress.
5. Have enormous patience
Creating a big wealth out of stock trading is challenging for the full-timers, let alone for those doing this part-time.
You can’t have a dream-like portfolio in weeks, months, or even a couple of years. It requires time. Meaning, you deploy enormous patience… patience in learning the rules of the game; patience in optimizing your trades; patience in our learning from your own mistakes.
Many new stock traders try to rush the process. And in that, they end up making plenty of mistakes. Don’t be one of them.
These are five things you should do to learn how to trade in stocks when you have a full-time job and no time.
Again, this is going to take a lot of hard work and patience. But then that’s the cost of becoming a successful stock trader that you must pay.