You’ve probably been doing some reading about what day traders do and how they make a living, right? Buying and selling stocks within minutes to hours for profits that can compound quickly is a very tempting way to make money either part-time or full-time. But, will working as a day trader at home be right for you?
The idea of having a day trading business right in your own home office, working on your own terms is an attractive proposition for many. Lets take a look at the advantages of this occupation.
Of course, the biggest improvement over a regular job is having no boss. Nobody to give you orders and no one to hold you back from earning more. If you become a good day trader, the only person that can limit your progress and income is you, your attitude, work ethic and trading psychology. More on that in a moment.
None of that nasty office politics to get involved in anymore. Does anyone really enjoy it? Don’t think so. As a day trader, you can walk into your trading office with a cup a coffee in the morning, prepare for the trading session and not have any interruptions from co-workers or even employees if you were self-employed owning a regular business. Just peace and quiet.
Feel like taking the day off or going on a vacation? Not a problem, turn the computer off and you’re ready to go. Try doing that with a corporate job or standard business. It’s a bit more complicated to take time off, isn’t it?
And, if you are self-employed now with a brick and mortar business, you know how dealing with employees, customers and those occasional visits from inspectors can be a real hassle, right? None of that with day trading. As a day trader you are on your own. None of these pressures or hassles are present.
The start-up costs to become a day trader are ridiculously low compared to the potential income that can be made. Compare it to starting most b&m businesses and all the complications that go along with it, like hiring/training employees,…