Stock Day Trader
Any task that a person undertakes is called work. A work for monetary
benefits is called economic work. Economic work creates financial returns within
stipulated durations of time such as a day, a weak and a month. The daily
earning through knowledge-driven skills is delicate and thin area of economic
life. However, with the advent of the internet, an entirely new home-based / self-employment
opportunity has surfaced. It is Stock Trading. This business has the potential
to generate reasonable income everyday. However, the opportunity has a risky downside;
the possibility to lose money is as great as it is to make it especially for
the novice / inexperienced.
The keys to earning as a stock day trader are two, first, to gain as
much knowledge about the relevant industry as possible and, second, to maintain
rational expectations during wavering situations. Specialization in some
specific type of stocks is plus point for profitable day trading.
Remember, majority of day traders go for short gains, buy in early and
sell out the same day. Holding overnight is too much risky, especially for capital-starved
traders in unstable market conditions. The golden rule of stock trading is, 'never risk more than you can afford to
lose.’'
Muhammad Ilyas
CEO
SMCSE (www.smcse.com)
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