There have been a ton of examples of people who started out day trading as a side income to becoming a day trader as there career mode. Day trading does have its risk but it can be very lucrative at the same time. Lets look at the Marty Forex scenario to see how a day trader makes not only profit but a living as a professional day trader.
At the beginning of the work day Marty Forex decides to purchase 100 shares of Forex-Trading Inc. Marty knows from watching the current trends that Forex-Trading is about to make a huge leap forward and it turns out he is right as the stock jumps a point in the next few hours. Since he is a day trader Mary wants to leave while he is still ahead so he sells off his shares in Forex-Trading Inc. Marty is successful because he is both careful and knows how to read the stock signs.
We will assume that Marty Forex made a $100 profit from his trade of Forex-Trade Inc and more than likely Marty would use half of that to apply against capital and the other half to be put towards future investments. Of course, no one in the day trading game is doing any investing with $50; this figure is simply for illustration. If Marty Forex makes five similar trades for the business day, with the same results, he will have made $500 of profit. Keeping with that trend, trading five days a week would net Marty $2500 of profit per week. (Commissions, overhead costs and other business expenses, realistically bringing the amount down to $2000 or less would reduce this figure.) This is still a nice bit of profit, considering that this is only one stock's trade performance. Marty Forex probably handles quite a few more trades than that in a typical day's time.
It is completely unheard of to have a trader bat 100% so lets look at a scenario where Marty Forex handles 10 stock trades per day with the same $100 profit. For this scenario we will assume Marty is successful on 30% of his trades so out of the 10 trades Marty completes he makes a $300 profit per day, times this by five and Marty is bringing home $1500 per week before expenses. Now if Marty can use the tools and resources that are out there his success percentage will increase which means more money to take home at the end of the week
Day trading is like any other profession where as the more education and knowledge that you have the better off you are going to be. In my opinion a person should treat Day trading like brain surgery where one mistake can cost you dearly. With the explosion of the internet age there are a ton of resources and materials out there that will increase the chances of success. - 23309
At the beginning of the work day Marty Forex decides to purchase 100 shares of Forex-Trading Inc. Marty knows from watching the current trends that Forex-Trading is about to make a huge leap forward and it turns out he is right as the stock jumps a point in the next few hours. Since he is a day trader Mary wants to leave while he is still ahead so he sells off his shares in Forex-Trading Inc. Marty is successful because he is both careful and knows how to read the stock signs.
We will assume that Marty Forex made a $100 profit from his trade of Forex-Trade Inc and more than likely Marty would use half of that to apply against capital and the other half to be put towards future investments. Of course, no one in the day trading game is doing any investing with $50; this figure is simply for illustration. If Marty Forex makes five similar trades for the business day, with the same results, he will have made $500 of profit. Keeping with that trend, trading five days a week would net Marty $2500 of profit per week. (Commissions, overhead costs and other business expenses, realistically bringing the amount down to $2000 or less would reduce this figure.) This is still a nice bit of profit, considering that this is only one stock's trade performance. Marty Forex probably handles quite a few more trades than that in a typical day's time.
It is completely unheard of to have a trader bat 100% so lets look at a scenario where Marty Forex handles 10 stock trades per day with the same $100 profit. For this scenario we will assume Marty is successful on 30% of his trades so out of the 10 trades Marty completes he makes a $300 profit per day, times this by five and Marty is bringing home $1500 per week before expenses. Now if Marty can use the tools and resources that are out there his success percentage will increase which means more money to take home at the end of the week
Day trading is like any other profession where as the more education and knowledge that you have the better off you are going to be. In my opinion a person should treat Day trading like brain surgery where one mistake can cost you dearly. With the explosion of the internet age there are a ton of resources and materials out there that will increase the chances of success. - 23309
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