what do you think of day trading as a career?
day trading (stocks or forex or commodities etc) does it work? what do you think of it as a career?
10 points for the best answer
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about 1 year ago
Not really that far from professional gambling. A lot more people try it than succeed at it.
Have you got the skills, knowledge and experience to make money out of it? Or might you get more pleasure and satisfaction out of making something or helping someone?
about 1 year ago
I think it is next to impossible to day trade and make money at it. Everything sounds so easy, sitting around the comfort of your home, no commutes, no boss to deal with, no lunches to make. But the reality is, nothing is easy. You will lose more than win. You have to hope that the winners will offset the losers, otherwise you won’t make it.
You will have to be transfixed upon your computer literally all day, never miss a beat, or it could spell disaster. And stress will be a factor, as a second delay could make you or break you.
about 1 year ago
Do you have the recipe to become a day trader? Day trading is not, I really mean not gambling. No body in this world has experience in stock trading. Experience only applies to something that the occurrence is repetitive and can be tested and proved.
As a day trader, you have to have good memory, good analytical skill, rapid decision and knowing how to correct your mistake once you’ve made a wrong decision. One last advice I want to give you, in stock investment, the key thing is quick money, not big money. Why? Because when it comes to money, if you don’t take it, someone else would. Don’t let the profit slips away between your fingers.
about 1 year ago
I think it can work under these conditions:
– you have fundamental beliefs that are testable by market fluctuations.
– you have the courage to stick to those fundamentals when you need to.
– you recognize when you misunderstood conditions or conditions have changed.
– you are balanced in that you’d trade as many puts as calls.
– you leverage your resources consistent with the timing of the move you anticipate.