The New American Dream: Day-Trading
It is a dream of mine to travel the world. I yearn for destinations with blue waters, exotic food, and history extending further than America’s. To feed this expensive obsession, I naturally looked for a career with no monetary cap and full mobility. I found just that when I started dabbling into ﬁnancial securities at the age of 14 that day-trading is a very lucrative business. In my last post “Is Day-Trading Gambling?“, I discussed all of the odds stacked up against someone who wants to day-trade such as the high stress, commissions, and taxes.
It is a game of high stakes that can ruin your life in a matter of seconds just because you clicked the wrong button! Now, this career ﬁeld is not as dismal as some make it seem and there is a reason why Americans are leaving their 9:00-5:00 jobs to chase the new American dream. While most new to the ﬁeld typically will make under $50,000.00 a year or even incur losses, the average day-trader makes over $100,000.00 a year. However, I consider this well-known statistic low, since I know many day-traders who make millions every single year.
Despite the negatives, day-traders still exist because all you really need is a laptop at your side. Once you have learned the tricks of the trade, you can travel the world while making money along the way. You work when you want and if you do not feel up to trade that day; there is no boss forcing you to turn that computer on.
Day-trading is the new American dream: the traders do what they do because of the freedom it provides — not only freedom from the ofﬁce, but ﬁnancial freedom as well. Making a few thousand dollars a day with your feet in the sand doesn’t sound like such a bad gig now does it?