You can make a lot of money by noon and spend the rest of your day goofing off. It can be quite a rush to buy a stock, then watch it travel up as cash register bells ring inside your head. It may not be quite the same as being on the New York Stock Exchange floor, but it s probably the next best thing. When you go to work at an eight to five job each day, you know exactly when you will work and exactly how much you will be paid for that day s work. As a day trader, each day is a brand new day as far as how much you can make.
Every day is a new beginning with endless possibilities.
You need a lot of capital to get started. If you are going to make any kind of serious money at day trading, you need to be buying at least 500 shares of a stock at a time. The overall stock market s direction is dictated throughout the day on economy figures, analysts comments, interest rates, etc. It s very common for an analyst to unexpectedly come out at some time during the day and make a prediction on the stock market or a certain sector. In other words, you may feel in control of what you re doing, but that control can be taken away by a few simple comments or figures.