By Rob Colville on November 22, 2017 in
Let’s face it, traders…it’s hardly uncommon for there to be some new “revolution” happening in the world of active trading. Sometimes it’s a particular trade or trading system, or a strategy that’s getting all the hype. Right now, for example, bitcoin and cryptocurrencies are all the rage, and so, too, is the lifestyle trading revolution we’ve been leading right here.
Here’s the point, though: Before you commit to something new, you need to be sure that it’s reliable, and that it has real staying power and isn’t just some fad. Now we’ll save bitcoin and cryptocurrencies for another discussion, but what follows are three distinct reasons why traders can—and maybe should—embrace the lifestyle trader revolution as a smarter and more sustainable way to trade the markets over the long term.
For a long time, and sometimes still to this day, mysterious algorithms or “black box” trading systems would catch a following in the industry. Then, often aided by clever marketing that portrayed some impressive—but equally mysterious—trading results, you’d have a “revolutionary” product or “the next big thing” in trading. But did you ever notice or really wonder why those technologies didn’t really stick around?
Well, it was because nobody really knew or understood how those systems worked in the first place. The lifestyle trader movement, however, is entirely different. Here, you have a simple, straightforward means for trading any market and/or asset class, any time, and whether in up, down, or sideways market conditions.
But best of all, we already know it works…and not just because of our individual trading results, either. In fact, you can be sure that lifestyle trading is real, reputable, and effective because it applies proven trading techniques that have been used by successful traders for many decades, if not a century or more. This includes:
Technology and changing times have often helped bring about newer methods that are equally effective, but also less time- and resource-intensive. And in what should be a welcome change for traders who were once intent to spend countless hours in front of their screens, pouring over charts and obsessively watching over trades in progress, lifestyle trading has given rise to a “set and forget” sort of attitude that’s good for preserving physical and emotional capital without sacrificing performance results.
In fact, by placing heightened emphasis on trading fewer markets and time frames, and at the same time filtering out all but the highest-quality trade set-ups, those who have been early adopters in the lifestyle trader era are actually able to profit more by trading less. With that, gone are the gruelling, 10- and 12-hour trading days, and the anxious or sleepless nights spent worrying about what the impending trading day may bring.
The lifestyle trader revolution is ultimately giving trading a whole new look and feel that’s characterized by lower-stress trading in as little as 10 minutes a day as a part-time “gig” and additional income stream. But even better, stats have shown that the lifestyle trader doesn’t give up an advantage in consistency or profitability to full-time traders…perhaps even the opposite. So consider those differences and even outright advantages over intraday or full-time trading, and you may well decide that despite its relative newness, lifestyle trading could be a better way for you to approach the markets.
Full-time trading, especially intraday, is a job…and a demanding one at that. Between the hours of in-depth analysis and trade planning, to watching and managing trades in progress, the “traditional” way to trade places serious demands on your time and resources, often resulting in less time for family, leisure activities, and your other responsibilities.
Here again, the lifestyle trader revolution is different. By choosing a trading method that requires little more than an hour of your time each week, or just minutes a day, you can maintain your current priorities, like your day job, time with family and loved ones, and even trade remotely while enjoying travel and leisure activities.
Right now, lifestyle trading is helping new and aspiring traders not only have success in the markets, but enjoy peace of mind and a well-rounded lifestyle in the process. It’s proving, for the first time, that being a consistent player in the markets doesn’t have to be so emotional, serious, and time consuming. So if you want to have more fun trading, and encounter less stress, the key may well be breaking away from the “traditional” way of trading and joining the lifestyle trader movement instead.