A big issue aspiring traders run into: How can I make money to sustain myself while I’m building up my trading account without working a full-time job?

If you are considering transitioning into full-timing trading, it is tough to work a job where you are preoccupied for 8 hours a day, and often during the market open. But you also don’t want to cut yourself off completely from a reliable income source, especially if it is early in your career or you don’t have much savings. 

There are several ideal part-time jobs that work well for aspiring traders, who are looking to transition into full-time traders. When I was transitioning to a full-time trader, I did all of these jobs, so all of these accounts of these jobs are from first-hand experience.

These are not glorious jobs, but easy ways to sustain yourself while you get your trading career off the ground. All of these jobs require few qualifications, and are very flexible with their hours:

Lyft/Uber Driver

If you have a car, this is a great way to make some extra cash outside of market hours. The average hourly wage is probably about $15-$20 an hour, depending on when you drive (After gas and insurance expenses). The best part about these is that you can work whenever you want.

You can trade in the day, and drive in the evening or early morning. Usually, you can find a consistent amount of work once you hit the road. It helps to sign up with both apps to increase the probability of you finding riders if things get slow on one of the apps.

Postmates/Doordash/Uber Eats

If you don’t want strangers in your car or don’t have a car, food delivery for these companies is a decent solution. If you live in a big city, you don’t even need a car, you can use a bike or go by foot. Like with Uber/Lyft, you can work whenever you want.

You probably make about $15 an hour on average, but you also get tips. One of the downsides is that sometimes you might run into dry patches where you don’t get any orders while you’re out. To minimize the chance of this happening, work during lunch and dinner hours, and also work for multiple companies. If UberEats is slow, you can also have your Postmates app up to find jobs.

TaskRabbit

Very cool app that allows you to get hired to all kinds of projects. You can get hired to do delivery service, home repairs, moving, heavy lifting, and a bunch of other chores people don’t want to do. You can make decent money from some of the heavy lifting and moving projects, I’ve gotten up to $50 an hour in the past for these.

The downside is that the projects aren’t as consistent as Lyft and Uber. With Uber, Uber Eats, Postmates ect. you know for sure that you will be getting work as soon as you turn on the app.

With TaskRabbit, you need to build up your rating and credibility in a bit in the beginning before you can get hired consistently. An easy way to get over this hump is to drop your hourly rate below average to get yourself a flow of projects in the beginning. Ask your friends/family to hire you through the app to get going. 

Upwork

If you have skill sets in the creative and digital realms, Upwork.com can bring you some decent income. I know some traders who are web designers and copywriters who used the site for supplemental income when they were getting their trading off the ground. Like with TaskRabbit, you need to get projects and good reviews under your belt to start generating consistent projects and money from it. Do projects for friends/family and have them pay you through Upwork to get you off the ground.

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The post The Best Part-Time Jobs For Aspiring Traders appeared first on Bulls on Wall Street.

Webinar Link: https://vimeo.com/152938272

If you part time trade or swing trade we have a great service for you that Paul runs. We have a FREE TRIAL for all those interested. Everyday Paul does a nightly report and video along with live alerts when he makes a trade.  Paul only offers the type of trades that you can do straight from your smart phone this is perfect for those that can not sit there and micromanage their positions.

click here to try out our FREE Trial!

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While it is uber-profitable, it’s also one of the riskiest trades out there. You MUST know how to trade the setup and protect yourself. In this video I use my most recent parabolic short trade (RUN), to give you a primer on the setup. This is the first in a series of posts on the parabolic short setup.

Come check out our FREE TRIAL for our Part Time Traders service. This service is great for those that work and cant monitor the computer all day. We have indepth nightly reports on the gameplan for the day/week and all stock picks that I trade will be alerted and emailed to you.

https://bullsonwallstreet.com/swing-trading/

Follow me, Paul Singh AKA “TheMarketSpeculator” on twitter or email me at SinghJD1@aol.com

The post How To Swing Trade The Parabolic Short Setup For Huge Profits appeared first on Bulls on Wall Street.

After the recent August 24th market selloff, I laid out a plan for trading the market in this webinar with Kunal. We have used these strategies in the Report to successfully trade in a market many hedge fund managers and retail traders are bitching about. Not us. We have adjusted and winning. Even better, these strategies are perfect for part-time traders.

This video reviews my last 4 trades completed in October. I’ve made a total of $3171 off 3 wins and one loss. The average win is $1268 and the loss is $634. That’s the kind of reward to risk ratio I aim for (Note this does not include the partial profits from two trades, each of which is currently a bigger win than the $3171 from these 4 trades). We also review the market, my recent entries and open positions.

Come check out our FREE TRIAL for our Part Time Traders service. This service is great for those that work and cant monitor the computer all day. We have indepth nightly reports on the gameplan for the day/week and all stock picks that I trade will be alerted and emailed to you.

https://bullsonwallstreet.com/part-time/

Follow me, Paul Singh AKA “TheMarketSpeculator” on twitter or email me at SinghJD1@aol.com

The post How to Make Money in a Tough Market: Swing Trade Review appeared first on Bulls on Wall Street.

SPY does not follow through yet.  Intra-day video.  Holding $SPXU, $GWPH and $SCTY.  New focus list additions $TSLA and $YELP.  $DGLY, $BLOX, $SCTY, $BIDU, $WFM and $JRJC near entry levels.

Video Analysis (4 minutes):

Intra-day analysis of SPY and focus list stocks.

Key SPY Pivot Levels: Round number $200, Old high 199,  50 dam 197.27, 197.50 and $196.50 gap fill and support levels

Under the Hood and Trading Game Plan:

After yesterday’s break of $200, early morning we got a break below the old $199 high, only to recover mid-day and close above $200.  This market is not going down without a fight.  The tail that printed today is not on strong volume, which lessons the probability of a sustained move off the tail.

The current game plan is to manage the SPY short position.  I continue to look for long setups on momo stocks, but will not chase.

Current Trades

I am still holding SPY short via SPXU, SCTY and GWPH.

The Trade Results Journal/Spreadsheet is up to date.

The Focus List

Finviz link to easily follow the entire focus list.  Most positions entry charts remain as annotated earlier in the week.

DGLY, BLOX, SCTY, BIDU, WFM and JRJC all near entry levels and discussed in recent reports or videos.

New Addition:

YELP is back in play on pullback to recent high.  Entry $80-81.50.  Stop around $79.  Target $85.

TSLA has formed a 20 point trading range post breakout to new highs.  Entry toward bottom with target at top provides good reward to risk.  An entry in the $570-574 range, with a target at $290 offers 3-4:1 reward to risk.

Short Setups:

My focus now is shorting SPY via SPXU

Market Leaders

GMCR bounced strong after a multi-day pullback.  GOOGL printed a hammer/tail after yesterday’s big drop.  CAT gapped down hard.  The rest bounced within trading ranges.

Please read the post 23 Laws of the Part Time Swing Trading the Market Speculator Way and How to Analyze Your Swing Trade Results  It is important to know these rules if you trade off the Report.

New subscribers and trial members please leave me any feedback/comments in the comments, via email (singhjd1@aol.com) or twitter (twitter.com/PaulJSingh).

The post Market Speculator Part-Time | Swing Trade Report appeared first on Bulls on Wall Street.

As many of you guys know I was able to bring on Paul Singh who is the man who taught me how to trade, he heads up the part time service for swing trading.  He is the only guy I could think of when I wanted to launch this.  His style is great for those of you guys that have jobs and cant sit there and monitor stocks all day. in 10-15 minutes a day you will be able to read his daily trade reports make a watch-list and then Paul will alert you live when he is taking a swing-trade.  He will be giving you entries, exits, stops, targets and also updates on the stocks daily via email.

We are having a free trial on it! Check it out! Part Time Swing Trader Trial 

Swing Trade results : Swing Results!