Day Trading - The Ultimate Work-From-Home Job?

Ever dreamt of giving up the 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 the ultimate work from home job"?

We've probably all had the same thought at some time or another, as we trudge off towards another day at work - the 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 the disenchanted employee ever hope to make the switch from wage-slave to total independence?

Those are thoughts I had almost every day, before I quit the safety of full time employment and decided to strike out on my own. I asked myself the same question day in and day out; surely there has to be a better way. What about the 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 the 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 the 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 the opportunity I had been searching for. I decided there and then that I was going to make a full time living from the stock markets, whatever it took to succeed.

The advantages of day trading as a job are numerous to say the 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 the 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 the risks of getting from A to B on four wheels are well understood and are managed accordingly, to the point where we don't think twice about getting behind the wheel. And in the same way, provided a trader is disciplined in their approach to the job at hand, and understands the associated risks of the work, so those risks can be managed.


On the subject of risk, day trading is almost unique in that it can be learnt and practised with absolutely no financial risk at all, by means of paper-trading - that is - trading using freely available simulation software. Thus in the same way a trainee airline pilot won't be let loose into the skies without having learnt and rehearsed their skills in a simulator, so a new trader can employ the same technique before they start trading real money. I "sim-traded" before I gave up the day-job; it made it easy to leave the safety-net of a monthly pay check knowing from my simulated trading sessions that I could already make money in the markets.

And that brings me to the most satisfying aspect of trading for a living; money. On an average day trading the Nasdaq, it is not unusual to make more money in a couple of hours than I used to make in a whole month working full time as a wage-slave. There are bad days of course, days where things just don't work out, but they pale into insignificance over the course of a week or a month. It certainly took some intensive studying and a lot of practise before becoming a consistently profitable trader. But the end result of that hard work is an immensely valuable life skill that nobody can take away, and which allows for incredible freedom.

Since I first started trading, the learning curve has become even easier for the aspiring day trader, with a multitude of new websites, training courses, and books all covering the subject. I envy anyone starting out in this business today - they certainly have many more learning aids available to them than I had at the same point in my own career.

So is day trading the ultimate work-from-home job? No. I firmly believe it's the ultimate work-from ANYWHERE job!

About The Author

Harvey Walsh is a full time Nasdaq day trader, and part time trading tutor. He trades from his home, or indeed wherever he happens to be when travelling. He can be contacted via his website: http://www.day-trading-freedom.com


More Resources

Freelance Work: The Changing Face of Employment
The world sure is changing, and if you look at job employment you will see what I mean. Let's just go back to our grandparent's generation, even though I'm sure if we went back further we would see very different structures of work in the tribal periods of our history.
21st Century Career Success
When it comes to modern career development, one thing we can all count on is change. With the advent of technology, telecommuting, and E-commerce, how work is performed is in a state of reinvention.
Hello Work World, Im Un-Retiring
For many years, you looked forward to that day when you would bid the world of work a fond farewell and ride off into the sunset of your golden years.Initially, it felt wonderful not to have to go somewhere each morning.
How to Terminate an Employee and Live to Tell the Tale
1. Employee Backdrop in AustraliaThe whole arena of Industrial Relations and the interaction between employer and employee is conducted within the complex framework of various statutes, state and federal, regulations and rulings and common law.
10 Steps to Escape the Job World and Create the Life You Really Want
1. GET THE POINT - OF LIFE, THAT IS.
How to Improve Your Work Situation
buWhy are so many people unhappy in their work situation? Why do people, who are successful at one career, have such difficult times coping with their new career? These problems frequently occur, because conflicts exist in their work relationships.Relationships between you and your work can also be considered the "games of work.
How To Prepare For A Telephone Interview
It is important to prepare thoroughly for your telephone interview.Begin by studying the job description and the candidate profile.
Free Resume Examples: Use Them, But Dont
There are lots of free resume examples (or free resume samples) on the web.Try searching for "free resume example" at Google and take a look at the almost 5 million pages that come back (the less restrictive "resume example" gives you 7 million pages, if you've got more time on your hands).
Handling the Dreaded Why Did You Leave? Question
If you left your last job under less-than-ideal circumstances, you probably dread the "Why did you leave?" question that almost always comes up at job interviews. Here's how to handle it.
Why Your CV/Resume is Not Generating The Interview Offers You Want
If your current CV or resume is not generating the interview offers you want, it is time to start assessing it. Check to see that the following descriptors apply:*Begins with a succinct, clearly stated career objective tailored to the particular job for which you are applying.
Sample Cover Letters ... The Hidden Pitfalls
You can benefit from sample cover letters as they can help you learn about the constructs of a high quality cover letter.However, there are some dangers in doing this .
Thankk-You Notes: An Integral Part of Your Career
There is one little practice that is vital to generating the interest of potential employers. It is critical, but very few job seekers actually do it.
Top 10 Tips for Career Advancement
Here's a list of the top 10 tips you can use to advance your career: 1. Don't be afraid to say "I don't know.
Evaluating Job Offers -- Eleven Warning Signs You Must Watch Out For
Moving into a new job always involves some degree of uncertainty. You should do your best to find out all you can about a prospective employer, starting right from the pre-interview stage.
Resume Objectives ... The Hidden Pitfalls
Why Use Resume ObjectivesBefore we can discuss the pitfalls you first need to understand the reasons for including your resume objectives and how they relate to your resume and interview selection process.Including an objectives section at the beginning of your resume provides a brief introduction to the purpose of the resume, highlighting your career objectives and the type of job you are seeking.
Old Hiring Foxes vs. The Hedgehogs
You are about to compete for the best people again. The recovery is happening.
Searching for an IT Job
Looking for an IT job is one of the easiest to perform due to the incredibly high demand in the IT field. As the Internet grows, corporations network through Intranets - even the advancement of science has the demand for anyone with IT skills at an all time high.
3 Questions No Job Seeker Ever Wants To Be Asked?
Employer and interviewers expect you to answer tough question during interviews. Take a few minutes to brainstorm on how you might elaborate on the following answers.
6 Vital Tips For Creating A Superior Resume
1: Keep It ShortConsidering that initially HR personnel only spend approximately 10-20 seconds on a resume, the shorter your resume, the most desirable it is. Aim for one page.
Unemployment Blues: Mind Over Mood
Our lives are tranquil and smooth so seldom, it seems. We have our ups-and-downs, our good days and bad days, our sunny moods and black moods.

More Careers & Employment Information:

Related Articles

Reactions to Job Loss; Getting Past the Emotions
Without doubt, job loss through downsizing or redundancy, is a major event for everyone when it happens. Most of us invest so much of ourselves in what we do that job loss can take away our sense of status and belonging, as well as the routine and support that work provides.
Searching for an IT Job
Looking for an IT job is one of the easiest to perform due to the incredibly high demand in the IT field. As the Internet grows, corporations network through Intranets - even the advancement of science has the demand for anyone with IT skills at an all time high.
Retirement: Is It A Career Change Option?
Retirement might be the answer when you ask yourself "why do I want to make a career change" and you decide that what you actually want is not so much a career change as to stop what you've been doing altogether.This may be a good choice for some - those who can afford it - but not necessarily the right choice for all.
Career Success: Don't Be Caught With Your Pants Down
Do you want to know how to jump-start your professional career? Or, are you already in the trenches trying to be a high performer and wanting to make a quantum lead to the next stage of your career? Or, because of downsizings or reorganizations, you feel like you are paddling faster and faster but seem to be getting nowhere? Find out how to monitor your changing environment so you won't be caught with your pants down.Visualize your career environment as one huge jigsaw puzzle.
Everyday Is Saturday: Help for the Suddenly Unemployed
I recently was "unhired" by my former employer. Unhired is a softer term than "fired" but it means the same.
Workplace Melodrama--A Flair For The Dramatic
A flair for the dramatic is a theatrical term used to describe an actress or actor who has a talent for melodrama, characterized by intensely enacted interpersonal conflict and exaggerated emotions. The central figure in a melodrama is the hero, who spins his tale or portrays the justice of his cause in a positive light.
Career Transitions : Fearless Flyers
You may have read one of my previous articles on career transitioning which described how to create complementary careers for yourself. This article will introduce you to three people I call Fearless Flyers because they have taken the leap of faith that many of us would only dream of considering.
The Perils Of Employment: Are You About To Be Let Go?
From the moment you are born and you take your first breath, you begin to die.It's just a fact of life.
Little Mistakes That Keep You Unemployed
If your job search is dragging on and on, you might want to look in the mirror. Because the person looking back may be sabotaging your efforts.
Tips on Finding Employment as a Corporate Flight Attendant
I will not pretend that this is the easiest topic to write about. In fact, my knowledge of how one finds work as a private flight attendant is based chiefly on what others have shared with me.
7 Steps To A Job-Winning Resume
A new resume can jump-start your career. Your network contacts may ask for a resume and some industries absolutely, positively demand a resume as the price of admission.
How To Find A Job As A Copy Editor
Jobs for copy editors may seem like they are hard to find, but really you can find them and you can do so with many of the qualifications you already have. But, if you do not have any qualifications, this may be the first step in finding the copyediting job that you have been looking for.
Where Will Your IT Staff Come From NOW?
The labor recession is over. During the course of the recession, almost 500,000 IT positions were lost according to publicly collected data and anecdotal information suggests even more.
How to Become a Real Estate Agent
If you're wondering how to become a real estate agent, the basic process is fairly simple, although it does vary a lot from state to state..
Take the Personal Out of the Workplace: Leave Your Troubles at the Door!
Bringing your emotional baggage into the work place is inappropriate for all the reasons you may imagine. Yet employees, managers and business owners do it all the time.
How to Get Paid More Without Being Pretty or Good Looking
Guess what. The results are out they are ugly.
Overcoming the 7 Roadblocks Women with Families Face Making Career Changes
Family is the driving force of our lives. You need family to support you and in most homes you need money to support your family.
Ten Resume Writing Tips You Can't Live Without
For some job opening, employers receivehundreds and even thousands of resumes.When you are looking for a job, howcan you best promote yourself? Howcan you convince a prospective employerto pick-up the phone and call you foran interview?Sought-after career coach and authorof the critically-acclaimed book,The Dark Before the Dawn: 70 Secretsto Self-discovery, Theresa Castrostates that you should take into consideration that your resume is the first exposure a potential employer willhave of you.
Feedback: Take It or Leave It ... But Get It
The expense was substantial. An immersion workshop with twelve participants sharing a common goal to hone their skills.
Taking Your Words Seriously
When we ordered the stained glass window as an accent piece for our home, the artist-proprietor told us he was a bit behind. "So," he said, "to be on safe side, plan on six months.