To answer the question “what do I do for a living”….
Ever imagined giving up the daily grind? Wish to set out on your own and work from home, however don’t understand what you could potentially do to make a living? Full-time Nasdaq trader Harvey Walsh wondered simply that, and now he asks “Is day trading the supreme work from house task”?
We’ve probably all had the exact same idea at a long time or another, as we trek off towards another day at work– the same work we’ve been doing day in day out for many years– “certainly there needs to be a better method?” Slaving away to make somebody else abundant simply doesn’t seem right in some way, however what option? Setting up a new business, or purchasing an established one, are both expensive and risky prospects. So how can the disenchanted staff member ever want to make the switch from wage-slave to total self-reliance?
Those are thoughts I had almost every day, before I quit the safety of complete time employment and chose to strike out on my own. I asked myself the same question day in and day out; definitely there has to be a better method. I researched a lot of so-called work-from-home chances that promised unknown riches, obviously mine for the taking simply by sitting in front of my PC.
And then one morning on the train to work, I read about a couple of Wall Street young boys who had struck it abundant thanks to some substantial rewards, and were now going it alone setting up their own day trading store. That was when I found day trading, and I realised that this was exactly the chance I had actually been looking for. I chose there and then that I was going to make a full-time living from the stock markets, whatever it took to succeed.
The advantages of day trading as a job are many to say the least; there is no boss to solution to, no consumers to satisfy, no providers to let you down, no waiting for invoices to be paid, I might go on. In reality, I will: trading is a location-independent activity– I can work from anywhere with a web connection, which efficiently indicates throughout the world with a telephone line. I routinely trade from my laptop whilst taking a trip. I can trade when I feel like it, and take time off when I like, which means I can spend quality time with my family.
Now let’s get this straight, trading can be a dangerous activity, there is no doubt about that. Is driving an automobile to work, however the dangers of getting from A to B on 4 wheels are well understood and are handled accordingly, to the point where we do not believe two times about getting behind the wheel. And in the exact same way, offered a trader is disciplined in their method to the job at hand, and comprehends the involved dangers of the work, so those dangers can be managed.
On the topic of risk, day trading is practically special because it can be found out and practiced with definitely no monetary risk at all, by ways of paper-trading– that is – trading utilizing freely available simulation software application. Thus in the same method a trainee airline company pilot won’t be let loose into the skies without having actually learnt and practiced their skills in a simulator, so a new trader can employ the same strategy prior to they start trading real cash money. I “sim-traded” prior to I gave up the day-job; it made it easy to leave the safety-net of a regular monthly pay check knowing from my simulated trading sessions that I could already generate income in the markets.
Which brings me to the most rewarding element of trading for a living; cash. On a typical day trading the Nasdaq, it is not unusual to make more money in a couple of hours than I used to make in a whole month working full-time as a wage-slave. There are bad days of course, days where things simply don’t exercise, but they pale into insignificance over the course of a month or a week. It certainly took some extensive studying and a great deal of practise before becoming a consistently successful trader. But completion result of that hard work is an exceptionally valuable life ability that no one can remove, and which enables unbelievable flexibility.
Because I initially started trading, the learning curve has ended up being even easier for the hopeful day trader, with a wide range of brand-new websites, training courses, and books all covering the subject. I envy anyone beginning in this business today– they definitely have a lot more learning help readily available to them than I had at the same point in my own profession.
So is day trading the supreme work-from-home job? No. I strongly believe it’s the supreme work-from ANYWHERE job!
I asked myself the very same question day in and day out; definitely there has to be a much better method. And then one early morning on the train to work, I read about a couple of Wall Street boys who had struck it abundant thanks to some big perks, and were now going it alone setting up their own day trading shop. The benefits of day trading as a task are many to say the least; there is no employer to address to, no customers to please, no suppliers to let you down, no waiting for invoices to be paid, I might go on. On the subject of risk, day trading is almost unique in that it can be found out and practiced with definitely no financial risk at all, by means of paper-trading– that is – trading using freely readily available simulation software application. There are bad days of course, days where things just do not work out, but they fade into insignificance over the course of a week or a month.