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. And once your money is gone, it s gone. Mistakes are learned the hard way in the day trading business.
Steady income is difficult.
That means you ve had the equivalent of no income for two weeks. If you can live like that, then fine. While each day offers a fresh start, it also offers the possibility for fresh losses. It s another for you to lose money at your job. Day trading is very glitzy and glamorous on the surface, and it can certainly be very financially rewarding.