Ever dreamt of giving up
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
ultimate work from home job”?We’ve probably all had
same thought at some time or another, as we trudge off towards another day at work –
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
disenchanted employee ever hope to make
switch from wage-slave to total independence?
Those are thoughts I had almost every day, before I quit
safety of full time employment and decided to strike out on my own. I asked myself
same question day in and day out; surely there has to be a better way. What about
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
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
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
opportunity I had been searching for. I decided there and then that I was going to make a full time living from
stock markets, whatever it took to succeed.
The advantages of day trading as a job are numerous to say
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
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
risks of getting from A to B on four wheels are well understood and are managed accordingly, to
point where we don’t think twice about getting behind
wheel. And in
same way, provided a trader is disciplined in their approach to
job at hand, and understands
associated risks of
work, so those risks can be managed.