Today we are going to talk about the stock traders job. This job is one of the few with as much freedom as it have. You are basically left alone and responsible for your future, If you are active and have a consistent profit daily you are on the way to success. On the other side, if you are lazy and only trade 1 out of 5 days in the week you will face the consequences for your profit being lower.
A stock trader job is to beat other people in the market. It basically means that you risk your money to get a percentage profit of out it by selling the position you have at a better rate than what you bought it for. Usually, stock traders make a dozen or even more trades a day to cash out multiple times at a steady pace, instead of risking it all in one go.
A stock trader makes profitable trades every day of the week starting at 9:30 a.m. EST to 4 p.m. EST to maximize his or her profits.
A typical stock trader day starts by waking up at around 6 a.m. to take a look at the pre market and start thinking about there strategy for the day. For example, if the pre market start in a low the trader will probably buy in the hopes it goes up at the open.
Stock traders, have the environment they want. They can work from anywhere they want, at home, in a coffee shop, on the bus or even in the shower.
Everyone can be a stock trader, but most of us are inactive and leave our money sit for a couple years instead of maximizing the opportunities' life presents. You can start by looking when major reports come out in a specific company and bet on it being good. As you get more confident, you can start investing more money as you see your profit grow or change your strategy if it isn't.
Stock traders have a pretty big range in salary it depends on your dedication and the amount you used to trade. There are no limits to the amount you can make, and there is a chance of loosing money in the process. The average salary of stock traders is about 150000 a year.
It is important as a stock trader to have as much information as possible. There are lots of course online to teach you patterns seen in stock or even methods that can be profitable in the long run. It is important to know what most words means in the field and have connection that can help you find the stock of the day.
As a stock trader your biggest worry is loosing everything you invested, as for any other forms of investments. A good example is the crash that happened this year due to the corona virus. These events can not be predicted and can lose you everything.
Being replaced by robots soon is one of the biggest worries about trading, but as a stock trader you need to beat to majority of people and robots have a pattern associated to them. This pattern could change stock trader's life in a greater way than ever before.
In the usual case successful stock traders retire young and continue to trade on the side to make sure their investment isn't going to waste.
In conclusion, being a stock trader is one of the best jobs you can get, since your free to choose when you work and how much of a risk your willing to take. This can impact your life in a great way and even if you do not want to be a daily trader it is always important to invest your money in the best way possible.
Rationale: to inform or educate
Authority: research journal
Date: still relevant
Accuracy: probably true
Relevance: relevant for this document
Sources: no sources cited
Rationale: to inform or educate
Authority: research journal
Date: still relevant
Accuracy: probably true
Relevance: relevant for this document
Sources: no sources cited