Potential to make substantial profits. The biggest lure of day trading is the potential for spectacular profits.
Being your own boss. The day trader works alone, independent from the whims of corporate bigwigs.
Never a dull moment. Long-time day traders love the thrill of pitting their wits against the market and other professionals day in and day out.
Expensive education not required. For many jobs in finance, having the right degree from the right university is a prerequisite just for an interview.
Self-employment benefits: As a self-employed individual, a day trader can write off certain expenses for tax purposes, which cannot be claimed by an employed individual.
Any other opinions? Please comment And we discuss any other benefits for someone who uses day trading techniques.
You just make it seem so easy to do. Day trading is not easy and you cant do trading if you dont have another source of income that youre relying on. So its best to have another work doing, where you can be able to raise money and invest in trading.
You know there are times when you will lose money in trading, and if youre relying on day trading then you will end up being a loser. But when you have another source of income, that doesnt affect you in any way.
I think there's no one has a confindenet to proceed day trading if they dont a have a source of income on its side. It should be have because if they proceed with no other extra money or sour of income to replace from losing. They can't enjoy playing day trading anymore.