Balancing Swing Trading and a Day Job
Hello,
Several months ago, I blew my first live trading account — $2,500. The experience left me angry and depressed. I even took a few months off, marking my first long break in four years. I had sworn to myself that I was done with day trading.
However, at some point, I stumbled across Al Brooks' course and decided to give trading another shot. The course is long and at times somewhat boring but it's packed with valuable insights. Moving forward, I want to focus primarily on higher timeframes, like H1 and above.
In a few weeks, I’ll be starting a new day job, and I’ve been wondering how to balance trading with work.
Here’s my question: Should I focus on H1 charts and a few currency pairs, or should I stick to H4 (or above) charts and monitor more pairs? I’ve read about some swing traders who trade H4+ timeframes while keeping an eye on only a few pairs. To me, this seems challenging, but I suspect it’s more of a discipline issue than anything else. The downside of watching many currency pairs is correlation and maybe not enough time to go through all of them while in work.
How would you proceed ?