Stock Trading For A Living Dont Quit Your Day Job
There comes a time in almost every stock traders life when they entertain the idea of stock trading for a living.
Many of us look upon the life of a stock trader as one of great flexibility and freedom.
We may see ourselves trading from some remote location or even our own private yacht.
Before we embrace the fantasy too much lets embrace the facts. Stock trading for a living is a business and it should be run like one to be successful. Many of the same rules and levels of preparation which will make you successful in other types of businesses.
When you plan to trade stocks for a living this means that you must make enough profit over and above expenses to cover all of your day-to-day living expenses in everyday life.
Keep in mind that the money you make from stock trading will most likely not come in as regularly as the paycheck you are used to getting every other week. In fact, a successful stock trader may not make a profit for many months. This means the successful stock trader understands the more sporadic nature of profits from his stock trading business and has made the necessary...
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