Trading with a Separate Income - Trader Behavior

Posted by TopstepTrader on November 09, 2017

Many of the traders in the TopstepTrader program are looking at it as the gateway to becoming a self-sustaining trader in the future. But can having a separate income actually be a benefit to achieving financial freedom through trading? 

The answer is yes. Many young traders in the floor trading days would moonlight elsewhere in order to earn some essential income for the month. TopstepTrader's CVO and founder Michael Patak bartended, something that actually helped him weather the ups and downs of trading. Even an extra $100-200 a week can really take the pressure off. 

So, if you've been looking at your full-time job as a hinderance to your trading, maybe now is the time to take another look at it. Check out this week's Trader Behavior where Hoag and Michael discuss their early trading careers and why a separate income is essential to learning good trading discipline. 

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Topics: Trader Behavior, Performance Coaching, Trading Basics