Stock Market for Workaholics

Hello there future trader and nice to meet you!

In this article I'll share my experience with the stock market. In the end I hope it'll help you to take the right decision!

First things first. In this article you won't find the typical sh*t about how much money someone is making from his villa and you won't find affiliate links to different stock brokers.

Entry Point

What are the stocks? The meaning of stocks can vary from Commodities, Indices, CompanyStocks, Forex and other which I'm probably missing.

As a trader you can Buy & Sell all of these stuff on the market. Each of them have different rules for trading and each of them is hiding different risks of losing your deposit.

This risk can vary based on the online broker which you choose. From personal experience I suggest you to start with someone who offers you a DEMO account on which you can train and understand what is happening on the screen. Then when you are ready with the basics you can proceed with real account, BUT I strongly suggest you to check few brokers and see their commissions, spread differences (difference between Sell & Buy positions) and from where they are getting the data.

Note: Don't invest through phone brokers, these guys are usually scamming and with them you'll only lose your time & money.

Should you Buy or Sell it if you already have a daily job?

You should know that the stock market has this casino-ish feeling when you make trades. This may cause problems with your productivity because most of the time you'll be thinking about the next deal and how to generate more money.

All the blog posts and fancy people reviewing stocks are saying that it may bring a lot of money in no time. Truth is, it surely can. But as we already know there is nothing like easy money. Good money may come when you are playing with higher risks, meaning you are opening positions with a lot of your capital.

From my experience this is not cool when you are working somewhere and you try to combine the trading with your daily quests. Opening positions require a lot of analyzing the charts, all the economics news and of course taking risks.

There is nothing wrong with this but when you open a position it's good practice to stay and watch what is happening with the market because it may collapse in every moment, which will automatically lose you money. Watching the charts may be problematic at your current job place, because at every moment someone may call you for a meeting or a discussion, which will take you off the charts. During this off time you'll be thinking if the odds are in your favor or not, which will put you under heavy pressure. Which will automatically kill your productivity.

Surely you can trade from home after work but you should know that, the most interesting things on the market are happening during the mid day session. That's the time when you can double your profit or lose it.

Closing the position

In the end I want you to know that the stock market is not a bad way to generate more money. Question is:

Are you ready to take all the pressure?

If the answer for you is Yes then grab the wind and may the force be with you!

For me after all the months of combining them the answer is NO. I don't consider it as a mistake, but all the pressure and thinking about it is not my type of making money.

I hope you've enjoyed this article. In the end don't forget to have fun in everything, that's the surest way to success!