I want to become a stock trader

Everyone wants to be a daytrader. Let me tell you the best days. You get in at 9: You make the trade your system tells you to make at 9: It was unbelievable to me how much money I was going to make.

But its all a lie to yourself. I still occasionally daytrade. Why do you want to be involved with those people.

I was one of them. I was a TRADER. At some point you will feel suicidal. But for whatever reason you bought when you should've sold and that sent your head spinning and now you need to be talked off the ledge.

8 Reasons Why You Should Never Become A Day Trader - Business Insider

Its not a pleasant feeling. Why do that to yourself? You just put on the trade and the second you did it went against you. So you put on more and it went against you some more.

So now you are staring at it and you are feeling bad.

Your body needs to feel good. Your body is very short-term in its thinking. I know that will balance the bad feeling so go do it. The trade goes against you more.

Stock Broker Degrees & Careers | How to Become a Stock Broker

Screw it, you eat 5 more doughnuts. Imagine you have two screens in front of you and thousands of numbers and they are all blinking and changing from green to red to green. The letters all melt together and look like a kaleidoscope.

I have to take my glasses off to read them. Although, is that so bad? Kids always make you happy. When I have a trade go against me, I can sit there and feel the blood pumping through my entire body.

I can feel my heartbeat. If you hear every single pulse going all through your body then something very bad is happening. Like a doughnut store. Who am I helping by trying to snatch a few thousand dollars out of the market every day?

Every second you sit there watching a trade you are removing yourself further and further from any notion of a career since daytrading is not a career. You are closer to being an inmate in a mental institution and not a functioning member of society that your kids can be proud of.

I know some very good daytraders. In the long run it is possible to make money daytrading. Every good daytrader I know suffers from all of the above. You have to be extremely humble, have no delusions of grandeur when it comes to your market opinions, take losses as quickly as possible, and not get discouraged. And neither do you. Read the original article on The Altucher Confidential. Tech market is nowhere near the dotcom days.

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How To Become A Day Trader

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