Use Day Trading to ‘live the dream.’
Are you stuck in a 9 to 5 job that you hate? Is your boss at the top of your enemies list? Do you want the freedom to live life on your terms without the hassle of having to get up to your alarm clock every morning?
If you answered a resounding “YES” to the above questions, then you may have considered trying day trading for a living.
There’s no doubt about it, day trading is an exciting occupation. In fact, when you consider that Monday is often the most action filled day in the trading week, you would find yourself actually looking forward to Monday morning!
How many people can say that?
Because being a day trader can be done from anywhere in the world, with only a laptop and an internet connection, you would have the ultimate freedom to travel anywhere you wanted.
Maybe even spend a couple of hours on the beach in the morning before doing a few trades. Quite the lifestyle, wouldn’t you agree?
Is Day Trading for a living it possible?
Obviously this kind of lifestyle wouldn’t come overnight. If you are really serious about doing day trading for a living, then you would have to work really hard at it in the beginning.
Being a day trader is not like being a gambler in the casino putting his chips on red or black at the roulette and table. Day trading is a skill that is perfected over time, through experience, learning and trial and error.
If you are truly committed to becoming a full-time day trader, and achieving your dream lifestyle then nothing can stop you.
It doesn’t matter what your grades were like in school or if you went to college. Day trading has nothing to do with that kind of stuff. Day trading is a skill anybody can master.
Are you interested in the Real Estate business?
At the end of the day, becoming successful in day trading is just like becoming successful in any other business.
Take Real Estate for example. To make it in that business, you need a sharp eye for detail, a sense of opportunity, good money management skills, a capacity to handle risk and control emotions, and a knowledge of the industry many other people don’t have.
All the above traits are needed in day trading.
Advice for beginners to day trading:
If you are just starting out in the world of day trading, and dream of it one day becoming your sole source of income, here are a few tips to get you started.
Resist the urge to jump in at the deep end. Don’t go and quit your job tomorrow. Keep the job for now, and put some money aside to use for trades in the evening.
Keep it basic
There are so many different day trading strategies to learn, but when you are first starting out it’s best to keep it basic. Discover a couple of profitable strategies and put all of your focus on them for now to avoid overwhelm.
Invest in day trading software as soon as you can. It won’t make you rich overnight, but the right software can save you hours of your time if you put it to good use.