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Trading Stocks for A Living: Feasible or Impractical?

It’s rarely that we hear “tradings stocks” as the answer to the question “what do you do for a living?” And there is a good reason why this is. A lot of people see stock trading as a side job. It’s something you do after hours, a sideline that you engage in during your spare time. Trading stocks is a hobby for some. While others depend their whole lives on it.

Here’s the truth: trading stocks can be a living.

Here’s another truth: it’s a difficult job.

Professional traders are among us. They live in their high rises drinking freshly squeezed orange juiced while tinkering with stock trading using only an internet connection through the latest smartphone in the market. There are traders that transact while they lounge with a wine glass on their side as they type away in the most expensive laptop while cruising on their yacht. There are traders that are conducting business aboard their private jet, dealing away on their tablets while talking to their family who’s already in the Bahamas. You can get rich trading stocks. It is a legitimate job.

However, as I describe those people who have championed over the volatile, harsh, uncertain, and tremendously risky market, a whole lot more are on the other side of the fence. The trader who lost all of his savings on that one trading move because of the sudden fall on stock prices, the trader who is now drowning in debt, left by his family and abandoned by his peers due to a wrong move in his stocks, and the trader who is back to being the 9-5 office girl, repeating a routinary job, doomed to corporate slavery and a lot less confident about herself, all of them are real people. A lot do succeed but more fail.

Trading stocks for a living is just like any other job. You have to be good at it. You got to have the skill, the knowledge, the passion, and the perseverance to succeed. All of these stories are true for all kinds of jobs, not just traders.
 
The only difference is, in trading stocks, a lot more is at risk because a lot more is at stake to be won. So work hard and play harder because if you want to make this a living, you have to be ready to make tough decisions.

You have to be aware of what’s at stake: your money, your time, and your well-being. The truth is, in the market, you will lose more than you will win. And this is okay. Successful traders know that despite losing more than half of trades, the profit of the winning trades will surpass such losses.

To make a living out of stock trading is difficult but not impossible. In the end, if you manage it with the right knowledge and the correct attitude, it will be alright.

Created by : Chuck
Published : 09 Jul 2015

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