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In your work-cubide fantasies, the life of a full-time day trader may seem exciting and glamorous. You could work at home making millions in t-shirt and jeans, barefoot, sitting at your desk next to a window with a view of a tree-?lled back yard. You are surrounded by your children and pets, and there is a smile on your face asyou type an order into your laptop. You pause, watching the screen, and suddenly, your smile tums into a celebratory laugh. You stand, do a satis?ed stretch and with a quick, sure movement, you snap your laptop dosed, grab yourlittle daughter and swing her around. Fantasy. That's what it is. The real truth about day trading is much less fanciful, though definitely exciting and certainly capable of making you wealthy if you have the skill, knowledge and temperament. It is a 24 hour a day highly stressful job, and many day traders wouldn’t dream of doing anything else. It gets into your blood. Professional Traders When you think about trading full-time, you are either planning to try for a job as a professional trader on a Wall Street trading desk or, like your fantasy, a wealthy person trading for your own account. Both are possible, and both take effort and time to achieve. As an idea of what it takes, consider the career path of Wall Street traders. They start out as trading assistants ?lling out trade tickets, keeping records and settling trade problems for the pros — doing things that can’t get them in too much trouble. After a year or more the assistant is allowed to ?ll a few small orders and, if all goes well, is promoted to a junior trader position on the odd-lot desk where the small orders are transacted. Again, these jobs ca'ry almost no chance of big losses Junior traders who exhibit consistent pro?tability over a couple of years become traders. They still work under the supervision of senior traders and have limited discretionary trading authority, but if they continue to show consistent trading pro?ts, they eventually are given more discretionary authority and alter a few more years, become senior traders. If you want to be a full-time trader, trading your own position, it will take years to develop the experience and skill you need to do it successfully as a way of making a living. Learn Trading takes a quick mind with a facility for numbers, because it involves calculating probabilities as well as negotiating for the best price. visit: www.daygains.com for Share Market Tips
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