April 2019
Beginner
368 pages
10h 17m
English
Content preview from Day Trading For Dummies, 4th Edition
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Chapter 18
Ten Good Reasons to Day Trade
IN THIS CHAPTER
Getting ready to be your own boss
Loving the investing business
Figuring out what to expect from the markets
Understanding the importance of financial and personal support systems
Day trading is a great career option for the right person in the right circumstances. It requires a strong, decisive personality who wants to be running the show every step of the way. And because those profits aren’t steady, good day traders have some financial cushion and good personal support systems to get them through the tough times. In this chapter, I list ten really good reasons to take up day trading. (For balance, I cover ten bad reasons in Chapter 19.) Think you have what it takes? See how many of these characteristics fit your life right now.
You Love Being Independent
Day trading is like owning any small business. You’re the boss and you call the shots. Each day’s successes — and failures — are due to you and you alone. The market is irrelevant because you can’t control it. Working by yourself all day, you’re responsible for everything ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.