By Rob Colville on March 7, 2018 in
It seems only natural that traders and even industry outsiders admire those high-profile, hedge fund and institutional traders, who can have millions of dollars (or more) on the line with just the swoop of a finger.
And likewise, who doesn’t think about what days would be like as a grizzled floor trader, each day battling against the competition amidst the chaos of the trading pits at a major exchange?
Believe me, I get it; the mere idea of trading big money in the fast-paced world of intraday trading is indeed rather “sexy.” But here’s an honest truth about trading: The lifestyle trader has a distinct advantage over each and every one of those high-profile traders, and I’ll show you precisely what it is right now…
It’s simple, really. The lifestyle trader enjoys more freedom and flexibility, and far less stress than their intraday trading counterparts, all without sacrificing profitability. So despite the allure and grandeur that may come with trading intraday, the personal and family benefits enjoyed exclusively by the lifestyle trader set lifestyle trading apart from any other trading style.
Here’s what makes the lifestyle trader “tick:”
It’s a popular misconception that intraday trading is somehow more rewarding or profitable than other trading types. So, too, is the idea that making money trading the markets requires a significant time commitment each day. The truth, however, is that you don’t have to always be “in the market” or even trade every day to trade well and profitably. In fact, the intraday trading model is only one option available to traders, and because of the complexity, fast pace, and high-stress nature of intraday trading, I pose the following question to new and aspiring traders:
If there were an easier way to trade the markets, one that required less time and energy, a smaller time commitment, and that wouldn’t sacrifice performance results, why wouldn’t you opt for that instead?
Indeed, when implemented correctly and conservatively, the lifestyle trader enjoys benefits they simply won’t find with intraday and other trading styles. That includes:
I’ll be the first to tell you that trading can be a life-changing endeavour. The key to success, though, is to get on a profitable and sustainable path as early in your career as possible. So don’t waste precious months or even years toiling away amidst the pressures and demands of intraday trading! Instead, go the way of the lifestyle trader, and discover the fulfilment, flexibility, and fun and that comes with trading the markets efficiently and in only a fraction of the time.
Here are some additional tools and resources to get you started in lifestyle trading: