TRADING OR A JOB? DEEP DIVE❗️
Are you torn between choosing a job and getting into trading? Both have their advantages and pitfalls, but by combining the two, you can reap the rewards of both worlds.
🚷Firstly, let's consider a traditional job. A job offers security, stability, and a predictable income. You work for a set number of hours, and you receive a paycheck. You have employer benefits such as healthcare, 401k matching, and paid time off.
On the downside, you are limited to your salary, which may not always reflect your hard work and dedication. You may feel stuck in your role as there are usually limited opportunities for career advancement. And if you lose your job, you lose that source of income.
💹Now let's consider trading. Trading offers the potential for uncapped income, flexibility, and the autonomy to make your decisions. You can trade anywhere with an internet connection, and there are many different markets to choose from, such as forex, stocks, and commodities. You have complete control over your financial destiny.
However, trading is not for everyone. It requires a lot of time, effort, and discipline to become successful. There are risks involved, and you can lose money if you do not know what you are doing. It can also be a lonely profession as you may be working alone most of the time.
💡Now, what if we combine the two? This is where the concept of "side hustles" comes into play. You can keep your job for the stability and security, but you can also trade on the side to increase your income and diversify your portfolio.
By trading on the side, you can use the abundance of time outside of your job to learn, practice, and implement trading strategies. Gradually, you may earn enough money from trading to eventually quit your job and become a full-time trader.
However, the combination of the two must be approached with caution. Trading can be time-consuming, and you do not want to sacrifice the quality of your work at your job. It is also essential to practice risk management and not invest money that you cannot afford to lose.
⚖️In conclusion, both a job and trading have their advantages and disadvantages. Combining the two is an excellent way to increase your income, diversify your portfolio, and potentially become a full-time trader. But proceeding with caution, discipline, and good money management is key to success. Remember, the goal is to build a better future for yourself, and with the right balance between a job and trading, you can achieve it.
Thanks for reading bro, you are the best☺️
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JOB
Long JOBLong Gee Group Inc - Ticker JOB
Breaking out of consolidation to the upside. This trade presents excellent risk to reward, and could possible go all the way to $2 per share.
Fundamentally the company is getting back on it's feet, and is on a PE of 7, P/S of 0.44, EV/EBITA 1.96 - it looks cheap on every metric. Has no debt and $17m cash in the bank.
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Please do your own research before investing.
Big JOB Still Left To Do HereJOB has a really clear level of resistance not only on the lower end of that gap but it also lines up almost IDENTICALLY with its .786 fib line. Now, while you would assume the .618 could be the next level, we still need to account for the gap and YES that upper gap line has consistently acted as a potential support for about a year before breaking this year. Other than that, JOB stock has been a sideways mover for months. Right now it could be experiencing higher levels of action thanks to the big move in STAF as a sympathy run. We'll see what happens next. Also might be factoring in the reopening trade with the latest round of jobs numbers showing strength.
"On June 8th, the leading national bank CIT Group Inc. (NYSE: CIT) announced that it is the sole lender on a $20 million credit facility for GEE Group Inc. The Chairman of GEE Group, Derek Dewan said, 'We appreciated CIT’s expertise in arranging this asset-based financing to support our working capital needs and help fund GEE Group’s growth strategy. This financing represents another milestone in our ongoing effort to build our business while ensuring our financial position and balance sheet remain on solid footing.'"
Quote Source: 8 Penny Stocks to Watch Right Now As June Comes to an End
CADJPY Short#CADJPY the lower highs indicate that this pair is going through a down trend. The EMA is a major confluence with regards to downside movement as the 7 EMA below the 50 EMA indicate that the market is in a long term downtrend, this is followed by the 3 EMA being below the 7 EMA which indicates that the market is in a short term downtrend. The short long term down trend followed by the short term down trend means that the probability of downside movement increases!
This pair has also gone through a small phase of trending sideways (ranging market). Now this pair is approaching key levels as it has broken the support zone and has broken out of trending sideways. The daily candle being an 'up day' shows that price has had a chance to pull back, giving traders a great chance to get in the downside movement. A break of 79.2 is the target.
GBP/USD Accelerates higher on weak ADP reportEmployment in the US private sector disappointed last month, shattering hopes that the Fed will raise interest rates in September. The number of employees increased by 185,000 in July compared to the 229,000 booked in June, according to ADP. On Friday, the non-farm payroll report will provide further hints of labor market development, with analysts expecting a gain of 220,000 people added to the workforce, while the unemployment rate should stay intact at 5.3%.
The news spurred US Dollar sell-off with GBPUSD trading near session highs at 1.5646. Technically, there is an Inverse Head&Shoulders pattern developing. Its right shoulder took the form of a 'bear trap', which adds to British Pound strength.
Please, mind the heavy event risk on Thursday. The Bank of England meeting will be closely watched following a series of comments from MPC members, including Governor Carney, that the first rate hike since the crisis is moving closer. In conjunction with Thursday’s interest rate decision, for the first time we also have the simultaneous release of the MPC meeting minutes and August Quarterly Inflation Report, followed by a press conference. This deluge of information flow has been dubbed 'Super Thursday' among analysts.
OIL structure play with some potential patterns So, fellas, the blue rectangle represents a pretty strong resistance for todays price action. The level has been tested quite lot and we have a lack of price momentum right in that exact area. Further price decline will form a gartley pattern since the .618 level is around that resistance level I was talking about. Shorting now is an option. I would personally give it a shot. Trail stop order for some pips. However if we break the level and test it again with a bounce off it as a support level that would be a long signal and possibly the end of the downtrend since we just completed the monthly bat pattern that was standing just @ 42.00. We also have the green bat pattern which would catch the retracement of the eventual break of this key structure resulting in a test of it.
Thats all, folks.
Pluto Pluto are you barking up the wrong tree?You choose... break out or break down... fairly simple
Safe trading ladies and gents the dog might bid!
@BLawrenceM
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