The Part-Time Trader: Trading Stock as a Part-Time Venture, + Website
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The Part-Time Trader
Millions of people trade stocks in their spare time, supplementing their nine-to-five income with extra profits from the market. And while there are plenty of books on the market that cater to the needs of full-time traders, there are precious few that focus on the trading strategies that are best suited for part-time traders who must balance the demands of other responsibilities while successfully navigating a changing and dynamic stock market.
In his new book, The Part-Time Trader:Trading Stock as a Part-Time Venture (WILEY; October 2013; Hardcover and e-book; ISBN: 978-1-118-65005-9; $60), author Ryan Mallory debunks the myth that successful trading requires a supernatural skill set, a PhD in economics, or even one's full-time attention. This handy guide equips part-time traders with all the necessary tools for successful trading—including guidance on pre-market/pre-work studies and how to make profitable trades without interfering with one's day job.
“Far too many people have tried to balance their work life with trading the financial markets without any success. I believe that anyone can do it, but they just need to trade within their work capacity, and find that balance between the two,” says Mallory.
For part-time traders who can't dedicate all their time to watching the markets and reading charts, The Part-Time Trader offers straightforward, profitable trading advice. The book’s goal is to equip the part-time trader with all the necessary tools from social media, to premarket/pre-work studies, and making trading a successful endeavor.
Through anecdotes of his own experience trading part-time while working in corporate America to realizing his dream as a full-time trader, Mallory's advice ranges from learning to consistently profit from part-time trading to managing one's expectations, the office environment, and responsibilities. With an easygoing and relatable voice that is more of a self-help and strategic guide for part-time traders than an impersonal financial manual, The Part-Time Trader explores how and why to:
- Navigate the corporate speed bumps that get in the way of your trading
- Manage risk in such a way that will keep your trading systematic and unemotional
- Trade successfully in any work environment
- Implement ideal trading strategies that will benefit the part-time trader
- Turn part-time trading into a full-time occupation
“Don't let your day job keep you from indulging in the lucrative stock market,” says Mallory. “From big problems to tiny ones—like how you should trade when traveling or in meetings—I’ve encountered them all and share solutions to every part-time trading issue.”