| |
| |
|
WebsiteAlways |
|
Day Trading - The Ultimate Work-From-Home Job?
Ever dreamt of giving up the daily grind? Want to strike out on your own and work from home, but don't know what you could possibly do to make a living? Full time Nasdaq trader Harvey Walsh wondered just that, and now he asks "Is day trading the ultimate work from home job"? We've probably all had the same thought at some time or another, as we trudge off towards another day at work - the same work we've been doing day in day out for years - "surely there has to be a better way?" Slaving away to make somebody else rich just doesn't seem right somehow, but what alternative? Setting up a new business, or buying an established one, are both expensive and risky prospects. So how can the disenchanted employee ever hope to make the switch from wage-slave to total independence? Those are thoughts I had almost every day, before I quit the safety of full time employment and decided to strike out on my own. I asked myself the same question day in and day out; surely there has to be a better way. What about the internet, I wondered, isn't that supposed to be bringing new and exciting opportunities to all? I researched a lot of so-called work-from-home opportunities that promised untold riches, apparently mine for the taking just by sitting in front of my PC. Needless to say, in reality those schemes turned out to be about as fulfilling as, well, filling envelopes for a living. No, I knew there had to be another way - something real - something where I could be in control of my own destiny. And then one morning on the train to work, I read about a couple of Wall Street boys who had struck it rich thanks to some huge bonuses, and were now going it alone setting up their own day trading shop. That was when I discovered day trading, and I realised that this was exactly the opportunity I had been searching for. I decided there and then that I was going to make a full time living from the stock markets, whatever it took to succeed. The advantages of day trading as a job are numerous to say the least; there is no boss to answer to, no customers to satisfy, no suppliers to let you down, no waiting for invoices to be paid, I could go on. In fact, I will: trading is a location-independent activity - I can work from anywhere with an internet connection, which effectively means anywhere in the world with a telephone line. I regularly trade from my laptop whilst travelling. I can trade when I feel like it, and take time off when I like, which means I can spend quality time with my family. Now let's get this straight, trading can be a risky activity, there is no doubt about that. So is driving a car to work, but the risks of getting from A to B on four wheels are well understood and are managed accordingly, to the point where we don't think twice about getting behind the wheel. And in the same way, provided a trader is disciplined in their approach to the job at hand, and understands the associated risks of the work, so those risks can be managed. On the subject of risk, day trading is almost unique in that it can be learnt and practised with absolutely no financial risk at all, by means of paper-trading - that is - trading using freely available simulation software. Thus in the same way a trainee airline pilot won't be let loose into the skies without having learnt and rehearsed their skills in a simulator, so a new trader can employ the same technique before they start trading real money. I "sim-traded" before I gave up the day-job; it made it easy to leave the safety-net of a monthly pay check knowing from my simulated trading sessions that I could already make money in the markets. And that brings me to the most satisfying aspect of trading for a living; money. On an average day trading the Nasdaq, it is not unusual to make more money in a couple of hours than I used to make in a whole month working full time as a wage-slave. There are bad days of course, days where things just don't work out, but they pale into insignificance over the course of a week or a month. It certainly took some intensive studying and a lot of practise before becoming a consistently profitable trader. But the end result of that hard work is an immensely valuable life skill that nobody can take away, and which allows for incredible freedom. Since I first started trading, the learning curve has become even easier for the aspiring day trader, with a multitude of new websites, training courses, and books all covering the subject. I envy anyone starting out in this business today - they certainly have many more learning aids available to them than I had at the same point in my own career. So is day trading the ultimate work-from-home job? No. I firmly believe it's the ultimate work-from ANYWHERE job! About The Author Harvey Walsh is a full time Nasdaq day trader, and part time trading tutor. He trades from his home, or indeed wherever he happens to be when travelling. He can be contacted via his website: http://www.day-trading-freedom.com
MORE RESOURCES:
Careers-Employment - Google News |
|
|
|
RELATED ARTICLES
Do You Have the courage to ignore the experts? Do you have the courage to ignore the experts? Do you have the willingness and ability to understand and use the power that is within you? Courage is that state of mind when you do something that you know is right for you and your loved ones and the rest of the world thinks you're mad. The ability to make the decision and then make it happen. How to Transform a Boring Note Into A Killer Cover Letter - Part I The AIDA formula is as old as dirt. It was taught when I was in school over a decade ago. The Ripple Effect of Fear Unemployment carries a lot of emotional baggage for most of us and fear is a major component. We fear the financial fallout of no longer receiving regular wages. What A Former Stay At Home Mom Knows About Creating A Stunning Resume That You Dont Recently I was asked to touch up a friend's resume. Her challenge was simple. Goal Setting - Road Map To Achieving Your Career Goals Goal Setting & ResearchYou can only set informed career goals if you acquire plenty of information about the career choices open to you. This will require research which can be conducted online or through a local library. What Did You Say? My table-mates introduced themselves as the reciprocal protocol began. We chatted about what we did, where we did it and what we thought of the conference. For My Second Career, I Want to Do Nothing! Q. For my second career, I'd like to know "What to do when you have done a lot and nothing really interests you anymore. Employment Under A Microscope A certain amount of oversight is involved in almost any job. The more important, the more highly skilled, the more successful the position, the lower the degree of oversight. Why Human Resources Are The Real Key To Success In This Information Age The rapid changes that have mainly been brought about by the information age are numerous and irreversible. They have affected our way of life on virtually every front and have left many old companies in ruins while causing other new ones to swiftly emerge and grow to great unprecedented profitability, literally overnight. Simple Interviewing That Works Powerful questions to get below the surface1. Ask for specific "stories" of complete situations"We all meet situations where people disagree on the correct way to proceed. Employees, Get Used to Working under Surveillance Let's face it. Monitoring employees' e-mail, tracking their Internet use, logging everything done at keyboards has become the norm in Corporate America. Start Working Before You Get Hired What if there were a way to *prove* to any sane employer that you alone were the one to hire?Would learning how to do that interest you? I thought so.I call this the "start-working-before-you-get-hired" job-hunting method. The Pros and Cons of Telecommuting - As Seen Through The Eyes of a Seasoned Telecommuter Janelle Delacorte has been happily answering calls for the Home Shopping Network and various infomercials since November 2004.Several nights out of the week she tucks the kids in to bed, turns around, takes 20 or so odd steps, and arrives at the office. Hey, You Cant Ask Me That! (How to Respond to Inappropriate Job Interview Questions) I received the following questions from a visitor to my website recently: "How should I respond to inappropriate questions such as: (1) Do you have a stable home life? (2) Tell me about your personal situation. Are these inappropriate questions? It has been so long since I interviewed for a job, your suggestions about the most helpful responses would be appreciated!" Those are, indeed, inappropriate questions that should NOT be asked at an interview. Why Choose A Professionally Written Resume? Good question, considering that nowadays you can find many useful resources to help you write your own resume (including many located at http://www.impressive-resumes. Tales from the Corporate Frontlines: Try, Try, Again This article relates to the Career Opportunities competency and explores issues such as internal growth opportunities, potential for advancement, career development importance, and the relationship between job performance and career advancement. Evaluating the Career Opportunities competency in your organization will determine whether your employees believe they have a chance to grow within the organization. Five Mistakes That Can Derail Your Job Search No matter how much time and energy you invest in job seeking, critical mistakes can derail your efforts. Consider the following job search scenario. Reviving Your Resume A resume may not be who you are, but to a potential employer, it may be all they see of you and make or break your chance for your next interview. While many of us either spend long hours crafting the perfect resume (or pay someone else big bucks to do it for you) and may not want to mess with perfection, not updating your resume may cause more harm than good. Bringing Our Family to Work Let's face it, most of us consider professional success and personal success the same.In other words we become our careers. How to Write a Simple Job Description 1.0 A timely reminderIn a recent decision in a New South Wales court it was found that an employee was psychologically injured and that contributing factors such as not having a job description and controlling management behaviours were responsible.
|
| Interesting articles | Home | site map | Link |
| © 2006 |