The Part-Time Trader: Trading Stock as a Part-Time Venture, + Website

236 Pages·2013·2.1 MB·English

by  Ryan Mallory

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Ryan Mallory
Cover image: © Alamy/BigshotD3
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Copyright © 2014 by Ryan Mallory. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
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ISBN 9781118650059 (Hardcover)
ISBN 9781118650080 (ePDF)
ISBN 9781118650042 (ePub)
Printed in the United States of America
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To my wonderful wife, Keenan Mallory, who has been
by my side every step of the way, and for Jason, the
wonderful son she gave me, who has been our greatest
accomplishment in this life together.

CONTENTS
Acknowledgments xvii
PART I THE BASICS FOR PART-TIME TRADING 1
CHAPTER 1 So How Much Do You Really Hate Your Job? 3
vii
Becoming Determined to Find a Way Out 4
Shorting My Own Career 5
It Was Not in Real Estate 5
It Started to Unravel 5
Stocks Would Be a Much Better
Option for Me 6
I Loved Trading but Hated My Job—
Something Had to Give 7
Corporate Hierarchy 7
Those at the Top 7
Those Who Wish They Were 7
As Harmless as the Swiss 8
The Malcontents 9
Guilty as Charged 9
An Inward Refl ection 10
Not an Easy Road to Take 10
Realize You Still Need Your Job 11
Professional Paper Pushers 12
Too Many Cookies 13
E-mail Paranoia 13
Finding the Escape Hatch 14
Corporate Depression 14
CHAPTER 2 How Did I Become a Full-Time Trader? 17
My Trading Foundation 18
Rudimentary Understanding of Risk 18
A New Trading World 19
Turning against Investing 19
Open-Minded to Becoming a Trader 21
Road Bumps Ahead 22
Keeping Tabs in an Awkward
Kind of Way 22
Leaving Penny Stocks Behind 24
In Search of a Shortcut 24
False Hopes in Books 25
My Experience with Trading at Work 26
Accepting the Cards I Was Dealt 26
Flying Undected 27
viii Don’t Obsess Over Profi ts 29
More Money Than I Could Aff ord to Lose 29
S
T
N A Fresh Dose of Market Reality 30
E
T A Learning Experience, Indeed 31
N
O Understanding Risk Aversion 32
C
A Simple Step for Controlling the Emotions 32
CHAPTER 3 Where Wall Street Meets the Offi ce 35
Work Ambivalence 36
Nonsensical Reports 36
Workplace Scalawag 37
Decide How Successful You Want to
Be at Your Job 38
The Boss Man Reviews 39
Creating a Friendly Coalition 39
The Approach 40
The Good Samaritan 40
Peer Kindness 41
Reaping What You Sow 41