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TEN GOOD REASONS TO DAY TRADE

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TEN GOOD REASONS TO DAY TRADE Day trading is a great career option for the right person in the right cir cumstances. It requires a strong, decisive personality who wants to be  running the show every step of the way, from backing up the PCs to collect ing all the profits. And good day traders have some financial cushion and  good personal support systems to get them through the tough times. Think you have what it takes?  Are you ready to go into business for yourself as a day trader? 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. Most likely, you’re working by yourself all day, so you’re responsible  for everything from the temperature in the office, to the functioning of the  computers, to the accounting for trades. Good day traders are independent. They don’t

DAY TRADING FOR INVESTORS

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DAY TRADING FOR INVESTORS It takes a special person to be a day trader — one who has quick reflexes, a  strong stomach, and a short-term perspective on the markets. Not every one’s meant to parcel out their workdays a minute at a time. Most people do  better with a long-term perspective on their finances, looking to match their  investments with their goals and thinking about their investment perfor mance over months or years rather than right now. But those patient long-term investors can learn a thing or two from the fre netic day trader, and that’s what this chapter is all about. Many day-trading  techniques can help swing traders, position traders, and investors — people  who hold positions for days, months, or even decades — improve their  returns and make smarter decisions when it comes time to buy or sell. Let’s face it: In theory, investors might be willing to wait forever to see great  stock picks play out, but in reality, they only have so much time and mone