Trade On The Weekend
Trading on the weekend may be a good option for you if you can’t find 10 to 20 minutes in the evening during the week to manage your trades.
By trading of off weekly charts, you can place and manage your trades just once a week. This type of trading is also known as "position trading".
On the time spectrum of trading, position trading falls somewhere to the right:
This type of trading is all about entering into trades with a longer trading horizon than is the case for swing trading. This style of trader is one who holds a position for weeks or months. These traders do not worry about small fluctuations, as they believe their long-term investment will pay out in the long run.
Position trading is certainly a better option than investing, which lies on the far right end of the time spectrum of trading. Someone who "invests" typically holds positions for months or years and is, in general, someone who still believes in the "buy & hold" concept that assumes the market will always go up over time. While this may have held true decades ago, nowadays it’s no longer the case.
That’s why we’ve found that the “sweet spot” time frame that gives you the best return for the actual time you spend managing trades is either swing trading or position trading. Definitely some form of “end of day” trading, where you only need to place and adjust your trades after the markets close.